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
- Cash +€637,503
up €637,503 (+1027.0%), from €62,075 to €699,578
mainly Other debts (+€531,431) and Current investments (+€437,429)
- Current investments -€437,429
down €437,429 (-100.0%), from €437,429 to €0
- Other debts +€531,431
up €531,431 (+1734.6%), from €30,637 to €562,067
- Reserves -€438,235
down €438,235 (-100.0%), from €438,235 to €0
- Tax, wage and social debts +€107,994
up €107,994 (+925.8%), from €11,665 to €119,659
- Financial income +€129,245
up €129,245 (+3386.2%), from €3,817 to €133,062
- Gross operating margin +€13,674
up €13,674 (+15.5%), from €88,366 to €102,040
- Taxes +€9,243
up €9,243 (+43.5%), from €21,261 to €30,505
- Depreciation -€6,671
down €6,671 (-100.0%), from €6,671 to €0
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 | €501,322 | €700,988 | +€199,666 | +39.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €501,322 | €700,988 | +€199,666 | +39.8% |
| Amounts receivable within one year | 40/41 | €1,818 | €894 | -€924 | -50.8% |
| Trade receivables | 40 | €1,713 | €894 | -€819 | -47.8% |
| Other amounts receivable | 41 | €105 | €0 | -€105 | -100.0% |
| Current investments | 50/53 | €437,429 | €0 | -€437,429 | -100.0% |
| Cash at bank and in hand | 54/58 | €62,075 | €699,578 | +€637,503 | +1027.0% |
| Deferred charges and accrued income | 490/1 | - | €516 | +€516 | |
| Total equity and liabilities | 10/49 | €501,322 | €700,988 | +€199,666 | +39.8% |
| Equity | 10/15 | €456,835 | €18,600 | -€438,235 | -95.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €438,235 | €0 | -€438,235 | -100.0% |
| Distributable reserves | 133 | €438,235 | €0 | -€438,235 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,488 | €682,388 | +€637,900 | +1433.9% |
| Amounts payable within one year | 42/48 | €44,488 | €682,388 | +€637,900 | +1433.9% |
| Trade debts | 44 | €2,186 | €662 | -€1,525 | -69.7% |
| Suppliers | 440/4 | €2,186 | €662 | -€1,525 | -69.7% |
| Taxes, remuneration and social security | 45 | €11,665 | €119,659 | +€107,994 | +925.8% |
| Taxes | 450/3 | €11,665 | €119,659 | +€107,994 | +925.8% |
| Other amounts payable | 47/48 | €30,637 | €562,067 | +€531,431 | +1734.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,671 | €0 | -€6,671 | -100.0% |
| Other operating charges | 640/8 | €1,674 | €1,611 | -€63 | -3.8% |
| Gross operating margin | 9900 | €88,366 | €102,040 | +€13,674 | +15.5% |
| Operating profit (loss) | 9901 | €80,022 | €100,430 | +€20,408 | +25.5% |
| Financial income | 75/76B | €3,817 | €133,062 | +€129,245 | +3386.2% |
| Recurring financial income | 75 | €3,817 | €133,062 | +€129,245 | +3386.2% |
| Financial charges | 65/66B | €37 | €42 | +€5 | +14.0% |
| Recurring financial charges | 65 | €37 | €42 | +€5 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €83,801 | €233,449 | +€149,648 | +178.6% |
| Income taxes | 67/77 | €21,261 | €30,505 | +€9,243 | +43.5% |
| Profit (loss) for the period | 9904 | €62,540 | €202,944 | +€140,404 | +224.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,540 | €202,944 | +€140,404 | +224.5% |
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 8 October 2026 via checked.be.