VAN LAEKEN: 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 LAEKEN
Largest movements
- Receivables after one year +€42,500
up €42,500 (+42.5%), from €100,000 to €142,500
- Tangible fixed assets -€33,091
down €33,091 (-12.2%), from €271,982 to €238,891
of which Leasing and similar rights: -€41,193
- Cash -€12,825
down €12,825 (-17.9%), from €71,491 to €58,667
mainly Contributions, distributions and other (-€131,500) and Investment in fixed assets (net) (-€45,189)
- Receivables within one year +€8,196
up €8,196 (+42.6%), from €19,233 to €27,429
of which Other amounts receivable: +€12,009
- Other debts +€127,250
up €127,250 (+2,331%), from €5,460 to €132,709
- Reserves -€72,603
down €72,603 (-29.2%), from €248,937 to €176,334
of which Distributable reserves: -€71,500
- Debts after one year -€43,922
down €43,922 (-41.7%), from €105,274 to €61,352
- Current portion of long-term debt -€8,845
down €8,845 (-14.3%), from €61,920 to €53,075
- Tax, wage and social debts +€5,242
up €5,242 (+57.0%), from €9,197 to €14,439
- Gross operating margin +€48,369
up €48,369 (+33.4%), from €145,027 to €193,397
- Depreciation +€11,506
up €11,506 (+17.2%), from €66,774 to €78,280
- Taxes +€6,152
up €6,152 (+32.8%), from €18,774 to €24,926
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 | €473,057 | €477,837 | +€4,781 | +1.0% |
| Fixed assets | 21/28 | €280,982 | €247,891 | -€33,091 | -11.8% |
| Tangible fixed assets | 22/27 | €271,982 | €238,891 | -€33,091 | -12.2% |
| Plant, machinery and equipment | 23 | €37,898 | €51,194 | +€13,296 | +35.1% |
| Furniture and vehicles | 24 | €93,133 | €70,127 | -€23,006 | -24.7% |
| Leasing and similar rights | 25 | €90,091 | €48,898 | -€41,193 | -45.7% |
| Other tangible fixed assets | 26 | €50,860 | €68,673 | +€17,813 | +35.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €192,074 | €229,946 | +€37,872 | +19.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €142,500 | +€42,500 | +42.5% |
| Other amounts receivable | 291 | €100,000 | €142,500 | +€42,500 | +42.5% |
| Amounts receivable within one year | 40/41 | €19,233 | €27,429 | +€8,196 | +42.6% |
| Trade receivables | 40 | €15,486 | €11,673 | -€3,813 | -24.6% |
| Other amounts receivable | 41 | €3,747 | €15,756 | +€12,009 | +320% |
| Cash at bank and in hand | 54/58 | €71,491 | €58,667 | -€12,825 | -17.9% |
| Deferred charges and accrued income | 490/1 | €1,350 | €1,351 | +€1 | 0.0% |
| Total equity and liabilities | 10/49 | €473,057 | €477,837 | +€4,781 | +1.0% |
| Equity | 10/15 | €268,178 | €195,651 | -€72,527 | -27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €248,937 | €176,334 | -€72,603 | -29.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,577 | €1,474 | -€1,103 | -42.8% |
| Distributable reserves | 133 | €244,500 | €173,000 | -€71,500 | -29.2% |
| Profit (loss) carried forward | 14 | €641 | €717 | +€76 | +11.9% |
| Provisions and deferred taxes | 16 | €644 | €369 | -€276 | -42.8% |
| Deferred taxes | 168 | €644 | €369 | -€276 | -42.8% |
| Amounts payable | 17/49 | €204,234 | €281,818 | +€77,583 | +38.0% |
| Amounts payable after more than one year | 17 | €105,274 | €61,352 | -€43,922 | -41.7% |
| Financial debts | 170/4 | €105,274 | €61,352 | -€43,922 | -41.7% |
| Amounts payable within one year | 42/48 | €98,760 | €220,265 | +€121,505 | +123% |
| Current portion of amounts payable after more than one year | 42 | €61,920 | €53,075 | -€8,845 | -14.3% |
| Financial debts | 43 | €9,000 | €9,000 | = | 0.0% |
| Credit institutions | 430/8 | €9,000 | €9,000 | = | 0.0% |
| Trade debts | 44 | €13,183 | €11,041 | -€2,142 | -16.2% |
| Suppliers | 440/4 | €13,183 | €11,041 | -€2,142 | -16.2% |
| Taxes, remuneration and social security | 45 | €9,197 | €14,439 | +€5,242 | +57.0% |
| Taxes | 450/3 | €9,197 | €14,439 | +€5,242 | +57.0% |
| Other amounts payable | 47/48 | €5,460 | €132,709 | +€127,250 | +2,331% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Non-recurring operating income | 76A | €5,989 | €190 | -€5,799 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,774 | €78,280 | +€11,506 | +17.2% |
| Other operating charges | 640/8 | €10,923 | €10,242 | -€682 | -6.2% |
| Non-recurring operating charges | 66A | - | €19,943 | +€19,943 | |
| Gross operating margin | 9900 | €145,027 | €193,397 | +€48,369 | +33.4% |
| Operating profit (loss) | 9901 | €67,330 | €84,932 | +€17,602 | +26.1% |
| Financial income | 75/76B | €3,024 | €3,591 | +€568 | +18.8% |
| Recurring financial income | 75 | €3,024 | €3,591 | +€568 | +18.8% |
| Financial charges | 65/66B | €4,947 | €4,899 | -€48 | -1.0% |
| Recurring financial charges | 65 | €4,947 | €4,899 | -€48 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €65,406 | €83,624 | +€18,217 | +27.9% |
| Transfer from deferred taxes | 780 | €276 | €276 | = | 0.0% |
| Income taxes | 67/77 | €18,774 | €24,926 | +€6,152 | +32.8% |
| Profit (loss) for the period | 9904 | €46,908 | €58,973 | +€12,065 | +25.7% |
| Transfer from tax-exempt reserves | 789 | €1,103 | €1,103 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,011 | €60,076 | +€12,065 | +25.1% |
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 19 October 2026 via checked.be.