VAN GELUWE L.: 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.
VAN GELUWE L.
Largest movements
- Receivables within one year +€95,032
up €95,032 (+18.0%), from €527,136 to €622,168
of which Other amounts receivable: +€86,141
- Cash -€44,659
down €44,659 (-47.0%), from €94,924 to €50,265
mainly Receivables within one year (-€95,032) and Contributions, distributions and other (-€69,535)
- Tangible fixed assets -€33,325
down €33,325 (-37.3%), from €89,424 to €56,099
of which Furniture and vehicles: -€21,872
- Other debts +€49,729
up €49,729 (+32.5%), from €153,167 to €202,896
- Reserves -€47,870
down €47,870 (-10.1%), from €473,829 to €425,959
of which Distributable reserves: -€45,870
- Gross operating margin -€24,089
down €24,089 (-25.2%), from €95,673 to €71,584
- Taxes -€9,068
down €9,068 (-51.8%), from €17,500 to €8,432
- Financial charges +€6,120
up €6,120 (+177%), from €3,454 to €9,574
- Financial income -€3,993
down €3,993 (-56.7%), from €7,047 to €3,054
- Depreciation -€2,741
down €2,741 (-7.6%), from €36,067 to €33,325
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 | €713,583 | €730,678 | +€17,095 | +2.4% |
| Fixed assets | 21/28 | €90,534 | €57,209 | -€33,325 | -36.8% |
| Tangible fixed assets | 22/27 | €89,424 | €56,099 | -€33,325 | -37.3% |
| Plant, machinery and equipment | 23 | €2,634 | €1,974 | -€660 | -25.1% |
| Furniture and vehicles | 24 | €69,925 | €48,053 | -€21,872 | -31.3% |
| Other tangible fixed assets | 26 | €16,865 | €6,072 | -€10,793 | -64.0% |
| Financial fixed assets | 28 | €1,110 | €1,110 | = | 0.0% |
| Current assets | 29/58 | €623,048 | €673,469 | +€50,421 | +8.1% |
| Amounts receivable within one year | 40/41 | €527,136 | €622,168 | +€95,032 | +18.0% |
| Trade receivables | 40 | €24,130 | €33,022 | +€8,892 | +36.8% |
| Other amounts receivable | 41 | €503,006 | €589,146 | +€86,141 | +17.1% |
| Cash at bank and in hand | 54/58 | €94,924 | €50,265 | -€44,659 | -47.0% |
| Deferred charges and accrued income | 490/1 | €988 | €1,036 | +€47 | +4.8% |
| Total equity and liabilities | 10/49 | €713,583 | €730,678 | +€17,095 | +2.4% |
| Equity | 10/15 | €493,829 | €445,959 | -€47,870 | -9.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €473,829 | €425,959 | -€47,870 | -10.1% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Distributable reserves | 133 | €471,829 | €425,959 | -€45,870 | -9.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €219,753 | €284,719 | +€64,966 | +29.6% |
| Amounts payable within one year | 42/48 | €214,038 | €276,386 | +€62,348 | +29.1% |
| Financial debts | 43 | €0 | €6,362 | +€6,362 | |
| Credit institutions | 430/8 | €0 | €6,362 | +€6,362 | |
| Trade debts | 44 | €55,307 | €58,409 | +€3,102 | +5.6% |
| Suppliers | 440/4 | €55,307 | €58,409 | +€3,102 | +5.6% |
| Taxes, remuneration and social security | 45 | €5,564 | €8,719 | +€3,155 | +56.7% |
| Taxes | 450/3 | €5,564 | €8,719 | +€3,155 | +56.7% |
| Other amounts payable | 47/48 | €153,167 | €202,896 | +€49,729 | +32.5% |
| Accrued charges and deferred income | 492/3 | €5,715 | €8,333 | +€2,618 | +45.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,067 | €33,325 | -€2,741 | -7.6% |
| Other operating charges | 640/8 | €1,061 | €1,642 | +€581 | +54.8% |
| Gross operating margin | 9900 | €95,673 | €71,584 | -€24,089 | -25.2% |
| Operating profit (loss) | 9901 | €58,546 | €36,617 | -€21,929 | -37.5% |
| Financial income | 75/76B | €7,047 | €3,054 | -€3,993 | -56.7% |
| Recurring financial income | 75 | €7,047 | €3,054 | -€3,993 | -56.7% |
| Financial charges | 65/66B | €3,454 | €9,574 | +€6,120 | +177% |
| Recurring financial charges | 65 | €3,454 | €9,574 | +€6,120 | +177% |
| Profit (loss) for the period before taxes | 9903 | €62,139 | €30,097 | -€32,042 | -51.6% |
| Income taxes | 67/77 | €17,500 | €8,432 | -€9,068 | -51.8% |
| Profit (loss) for the period | 9904 | €44,638 | €21,664 | -€22,974 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,638 | €21,664 | -€22,974 | -51.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.