VAN LAER: what changed
Two fiscal 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 LAER
Largest movements
- Tangible fixed assets -€18,173
down €18,173 (-12.3%), from €147,568 to €129,396
of which Furniture and vehicles: -€13,160
- Receivables within one year +€2,812
up €2,812 (+306.4%), from €918 to €3,730
- Other debts -€33,154
down €33,154 (-14.7%), from €225,122 to €191,967
- Profit (loss) carried forward +€17,805
up €17,805 (+22.0%), from -€80,868 to -€63,063
- Gross operating margin +€16,570
up €16,570 (+52.1%), from €31,777 to €48,347
- Depreciation -€9,022
down €9,022 (-24.1%), from €37,509 to €28,488
- Write-downs -€5,259
no longer reported in 2025 (was €5,259)
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.
Cash bridge derived
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 | €164,928 | €148,618 | -€16,309 | -9.9% |
| Fixed assets | 21/28 | €147,568 | €129,396 | -€18,173 | -12.3% |
| Tangible fixed assets | 22/27 | €147,568 | €129,396 | -€18,173 | -12.3% |
| Land and buildings | 22 | €106,712 | €101,864 | -€4,847 | -4.5% |
| Plant, machinery and equipment | 23 | €1,308 | €1,143 | -€166 | -12.7% |
| Furniture and vehicles | 24 | €39,548 | €26,389 | -€13,160 | -33.3% |
| Current assets | 29/58 | €17,359 | €19,223 | +€1,863 | +10.7% |
| Amounts receivable within one year | 40/41 | €918 | €3,730 | +€2,812 | +306.4% |
| Trade receivables | 40 | €918 | €3,730 | +€2,812 | +306.4% |
| Cash at bank and in hand | 54/58 | €14,674 | €13,690 | -€984 | -6.7% |
| Deferred charges and accrued income | 490/1 | €1,767 | €1,802 | +€35 | +2.0% |
| Total equity and liabilities | 10/49 | €164,928 | €148,618 | -€16,309 | -9.9% |
| Equity | 10/15 | -€62,268 | -€44,463 | +€17,805 | +28.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,868 | -€63,063 | +€17,805 | +22.0% |
| Amounts payable | 17/49 | €227,196 | €193,081 | -€34,114 | -15.0% |
| Amounts payable within one year | 42/48 | €227,196 | €193,081 | -€34,114 | -15.0% |
| Trade debts | 44 | €1,506 | €773 | -€733 | -48.7% |
| Suppliers | 440/4 | €1,506 | €773 | -€733 | -48.7% |
| Taxes, remuneration and social security | 45 | €568 | €341 | -€227 | -40.0% |
| Taxes | 450/3 | €568 | €341 | -€227 | -40.0% |
| Other amounts payable | 47/48 | €225,122 | €191,967 | -€33,154 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,509 | €28,488 | -€9,022 | -24.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,259 | - | -€5,259 | |
| Other operating charges | 640/8 | €1,551 | €1,763 | +€212 | +13.7% |
| Gross operating margin | 9900 | €31,777 | €48,347 | +€16,570 | +52.1% |
| Operating profit (loss) | 9901 | -€12,542 | €18,096 | +€30,638 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €104 | €55 | -€48 | -46.5% |
| Recurring financial charges | 65 | €104 | €55 | -€48 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,646 | €18,042 | +€30,687 | |
| Income taxes | 67/77 | €208 | €236 | +€28 | +13.5% |
| Profit (loss) for the period | 9904 | -€12,854 | €17,805 | +€30,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,854 | €17,805 | +€30,659 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.