VAN LAECKE-VEYS: 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 LAECKE-VEYS
Largest movements
- Cash +€40,603
up €40,603 (+572%), from €7,094 to €47,697
mainly Net result for the year (+€33,892) and Depreciation (+€28,499)
- Tangible fixed assets +€21,545
up €21,545 (+2.5%), from €864,863 to €886,408
of which Furniture and vehicles: +€43,380
- Current investments -€20,014
no longer reported in 2025 (was €20,014)
- Profit (loss) carried forward +€33,892
up €33,892 (+44.3%), from -€76,528 to -€42,635
- Debts after one year +€16,771
up €16,771 (+13.0%), from €129,041 to €145,812
- Revaluation surpluses -€14,790
down €14,790 (-3.9%), from €376,129 to €361,339
- Other debts +€14,751
up €14,751 (+2,859%), from €516 to €15,267
- Reserves -€10,210
down €10,210 (-2.7%), from €376,884 to €366,674
of which Distributable reserves: -€10,210
- Depreciation -€14,729
down €14,729 (-34.1%), from €43,228 to €28,499
- Gross operating margin +€13,009
up €13,009 (+20.1%), from €64,836 to €77,844
- Taxes +€1,409
up €1,409 (+459%), from €307 to €1,716
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 | €904,464 | €942,719 | +€38,256 | +4.2% |
| Fixed assets | 21/28 | €864,863 | €886,408 | +€21,545 | +2.5% |
| Tangible fixed assets | 22/27 | €864,863 | €886,408 | +€21,545 | +2.5% |
| Land and buildings | 22 | €853,983 | €832,148 | -€21,835 | -2.6% |
| Furniture and vehicles | 24 | €10,879 | €54,259 | +€43,380 | +399% |
| Current assets | 29/58 | €39,601 | €56,312 | +€16,711 | +42.2% |
| Amounts receivable within one year | 40/41 | €10,113 | €6,171 | -€3,942 | -39.0% |
| Trade receivables | 40 | €10,113 | €6,171 | -€3,942 | -39.0% |
| Current investments | 50/53 | €20,014 | - | -€20,014 | |
| Cash at bank and in hand | 54/58 | €7,094 | €47,697 | +€40,603 | +572% |
| Deferred charges and accrued income | 490/1 | €2,380 | €2,444 | +€63 | +2.7% |
| Total equity and liabilities | 10/49 | €904,464 | €942,719 | +€38,256 | +4.2% |
| Equity | 10/15 | €738,486 | €747,378 | +€8,892 | +1.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €376,129 | €361,339 | -€14,790 | -3.9% |
| Reserves | 13 | €376,884 | €366,674 | -€10,210 | -2.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,774 | €26,774 | = | 0.0% |
| Distributable reserves | 133 | €343,910 | €333,700 | -€10,210 | -3.0% |
| Profit (loss) carried forward | 14 | -€76,528 | -€42,635 | +€33,892 | +44.3% |
| Amounts payable | 17/49 | €165,978 | €195,342 | +€29,364 | +17.7% |
| Amounts payable after more than one year | 17 | €129,041 | €145,812 | +€16,771 | +13.0% |
| Financial debts | 170/4 | €129,041 | €145,812 | +€16,771 | +13.0% |
| Amounts payable within one year | 42/48 | €36,929 | €49,530 | +€12,600 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €32,042 | €30,490 | -€1,551 | -4.8% |
| Trade debts | 44 | €3,727 | €1,495 | -€2,232 | -59.9% |
| Suppliers | 440/4 | €3,727 | €1,495 | -€2,232 | -59.9% |
| Taxes, remuneration and social security | 45 | €645 | €2,277 | +€1,632 | +253% |
| Taxes | 450/3 | €645 | €2,277 | +€1,632 | +253% |
| Other amounts payable | 47/48 | €516 | €15,267 | +€14,751 | +2,859% |
| Accrued charges and deferred income | 492/3 | €8 | €0 | -€8 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,228 | €28,499 | -€14,729 | -34.1% |
| Other operating charges | 640/8 | €10,414 | €10,598 | +€184 | +1.8% |
| Gross operating margin | 9900 | €64,836 | €77,844 | +€13,009 | +20.1% |
| Operating profit (loss) | 9901 | €11,193 | €38,747 | +€27,554 | +246% |
| Financial income | 75/76B | €102 | €128 | +€26 | +25.6% |
| Recurring financial income | 75 | €102 | €128 | +€26 | +25.6% |
| Financial charges | 65/66B | €3,670 | €3,267 | -€403 | -11.0% |
| Recurring financial charges | 65 | €3,670 | €3,267 | -€403 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €7,625 | €35,608 | +€27,983 | +367% |
| Income taxes | 67/77 | €307 | €1,716 | +€1,409 | +459% |
| Profit (loss) for the period | 9904 | €7,318 | €33,892 | +€26,574 | +363% |
| Profit (loss) for the period to be appropriated | 9905 | €7,318 | €33,892 | +€26,574 | +363% |
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 21 October 2026 via checked.be.