SANDER VAN LAERE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SANDER VAN LAERE
Largest movements
- Cash -€137,578
down €137,578 (-78.0%), from €176,318 to €38,740
mainly Contributions, distributions and other (-€208,149) and Investment in fixed assets (net) (-€32,475)
- Tangible fixed assets +€29,972
up €29,972 (+1,147%), from €2,614 to €32,585
of which Land and buildings: +€28,696
- Receivables within one year +€5,665
up €5,665 (+286%), from €1,980 to €7,644
of which Other amounts receivable: +€5,665
- Reserves -€129,804
down €129,804 (-82.1%), from €158,149 to €28,345
- Debts after one year +€22,080
new in 2025: €22,080
- Short-term financial debts +€5,179
up €5,179 (+2,001%), from €259 to €5,438
- Gross operating margin +€10,257
up €10,257 (+10.4%), from €98,285 to €108,542
- Other operating charges +€4,158
up €4,158 (+1,050%), from €396 to €4,554
- Financial income -€2,325
down €2,325 (-95.1%), from €2,446 to €121
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,525 | €80,418 | -€101,107 | -55.7% |
| Fixed assets | 21/28 | €2,614 | €32,585 | +€29,972 | +1,147% |
| Tangible fixed assets | 22/27 | €2,614 | €32,585 | +€29,972 | +1,147% |
| Land and buildings | 22 | - | €28,696 | +€28,696 | |
| Furniture and vehicles | 24 | €2,614 | €3,890 | +€1,276 | +48.8% |
| Current assets | 29/58 | €178,911 | €47,833 | -€131,078 | -73.3% |
| Amounts receivable within one year | 40/41 | €1,980 | €7,644 | +€5,665 | +286% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,980 | €7,644 | +€5,665 | +286% |
| Cash at bank and in hand | 54/58 | €176,318 | €38,740 | -€137,578 | -78.0% |
| Deferred charges and accrued income | 490/1 | €614 | €1,448 | +€835 | +136% |
| Total equity and liabilities | 10/49 | €181,525 | €80,418 | -€101,107 | -55.7% |
| Equity | 10/15 | €163,149 | €33,345 | -€129,804 | -79.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €158,149 | €28,345 | -€129,804 | -82.1% |
| Distributable reserves | 133 | €158,149 | €28,345 | -€129,804 | -82.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €18,376 | €47,073 | +€28,697 | +156% |
| Amounts payable after more than one year | 17 | - | €22,080 | +€22,080 | |
| Financial debts | 170/4 | - | €22,080 | +€22,080 | |
| Amounts payable within one year | 42/48 | €18,376 | €24,993 | +€6,617 | +36.0% |
| Financial debts | 43 | €259 | €5,438 | +€5,179 | +2,001% |
| Credit institutions | 430/8 | €259 | €5,438 | +€5,179 | +2,001% |
| Trade debts | 44 | €313 | €1,730 | +€1,417 | +453% |
| Suppliers | 440/4 | €313 | €1,730 | +€1,417 | +453% |
| Taxes, remuneration and social security | 45 | €17,804 | €17,825 | +€21 | +0.1% |
| Taxes | 450/3 | €17,804 | €17,825 | +€21 | +0.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,867 | €2,503 | +€636 | +34.1% |
| Other operating charges | 640/8 | €396 | €4,554 | +€4,158 | +1,050% |
| Gross operating margin | 9900 | €98,285 | €108,542 | +€10,257 | +10.4% |
| Operating profit (loss) | 9901 | €96,022 | €101,484 | +€5,462 | +5.7% |
| Financial income | 75/76B | €2,446 | €121 | -€2,325 | -95.1% |
| Recurring financial income | 75 | €2,446 | €121 | -€2,325 | -95.1% |
| Financial charges | 65/66B | €236 | €772 | +€535 | +227% |
| Recurring financial charges | 65 | €236 | €772 | +€535 | +227% |
| Profit (loss) for the period before taxes | 9903 | €98,231 | €100,833 | +€2,602 | +2.6% |
| Income taxes | 67/77 | €21,729 | €22,488 | +€760 | +3.5% |
| Profit (loss) for the period | 9904 | €76,503 | €78,345 | +€1,842 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,503 | €78,345 | +€1,842 | +2.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.