Van Laer Immo: 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.
What changed
Van Laer Immo
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€18,383
2024 · €15,700+€2,684
Equity
€412,192
2024 · €593,809-€181,617
Cash
€656
2024 · €1,121-€465
Balance sheet total
€1.5m
2024 · €1.5m-€51,706
Largest movements
Assets
- Tangible fixed assets -€55,154
down €55,154 (-4.2%), from €1.3m to €1.2m
Equity and liabilities
- Reserves -€181,617
down €181,617 (-40.9%), from €443,809 to €262,192
- Other debts +€170,000
new in 2025: €170,000
- Debts after one year -€72,492
down €72,492 (-8.6%), from €843,338 to €770,846
- Tax, wage and social debts +€30,955
up €30,955, from €0 to €30,955
Income statement
- Gross operating margin +€4,884
up €4,884 (+5.1%), from €95,780 to €100,664
- Taxes +€2,203
up €2,203 (+56.1%), from €3,925 to €6,128
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.
Result 2024
€15,700
Gross operating margin
+€4,884
Other operating charges
-€372
Financial income
-€32
Financial charges
+€406
Taxes
-€2,203
Result 2025
€18,383
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.
From operations
+€271,114
Investment
€0
Financing
-€271,580
Cash 2024
€1,121
From operations (derived)
+€271,114
Net result for the year
+€18,383
Depreciation
+€55,154
Receivables within one year
-€3,885
Smaller working-capital items
+€6
Tax, wage and social debts
+€30,955
Other debts
+€170,000
Accrued charges and deferred income
+€502
Financing
-€271,580
Debts after one year
-€72,492
Current portion of long-term debt
+€912
Contributions, distributions and other
-€200,000
Cash 2025
€656
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,509,688 | €1,457,982 | -€51,706 | -3.4% |
| Fixed assets | 21/28 | €1,302,401 | €1,247,247 | -€55,154 | -4.2% |
| Tangible fixed assets | 22/27 | €1,302,401 | €1,247,247 | -€55,154 | -4.2% |
| Land and buildings | 22 | €1,302,401 | €1,247,247 | -€55,154 | -4.2% |
| Current assets | 29/58 | €207,287 | €210,735 | +€3,448 | +1.7% |
| Amounts receivable within one year | 40/41 | €202,822 | €206,707 | +€3,885 | +1.9% |
| Other amounts receivable | 41 | €202,822 | €206,707 | +€3,885 | +1.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,121 | €656 | -€465 | -41.5% |
| Deferred charges and accrued income | 490/1 | €3,344 | €3,373 | +€29 | +0.9% |
| Total equity and liabilities | 10/49 | €1,509,688 | €1,457,982 | -€51,706 | -3.4% |
| Equity | 10/15 | €593,809 | €412,192 | -€181,617 | -30.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €443,809 | €262,192 | -€181,617 | -40.9% |
| Distributable reserves | 133 | €443,809 | €262,192 | -€181,617 | -40.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €915,879 | €1,045,790 | +€129,911 | +14.2% |
| Amounts payable after more than one year | 17 | €843,338 | €770,846 | -€72,492 | -8.6% |
| Financial debts | 170/4 | €843,338 | €770,846 | -€72,492 | -8.6% |
| Amounts payable within one year | 42/48 | €72,541 | €274,443 | +€201,902 | +278.3% |
| Current portion of amounts payable after more than one year | 42 | €71,580 | €72,492 | +€912 | +1.3% |
| Trade debts | 44 | €961 | €995 | +€34 | +3.6% |
| Suppliers | 440/4 | €961 | €995 | +€34 | +3.6% |
| Taxes, remuneration and social security | 45 | €0 | €30,955 | +€30,955 | |
| Taxes | 450/3 | €0 | €30,955 | +€30,955 | |
| Other amounts payable | 47/48 | - | €170,000 | +€170,000 | |
| Accrued charges and deferred income | 492/3 | - | €502 | +€502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,154 | €55,154 | = | 0.0% |
| Other operating charges | 640/8 | €12,747 | €13,119 | +€372 | +2.9% |
| Gross operating margin | 9900 | €95,780 | €100,664 | +€4,884 | +5.1% |
| Operating profit (loss) | 9901 | €27,879 | €32,391 | +€4,512 | +16.2% |
| Financial income | 75/76B | €4,034 | €4,002 | -€32 | -0.8% |
| Recurring financial income | 75 | €4,034 | €4,002 | -€32 | -0.8% |
| Financial charges | 65/66B | €12,288 | €11,882 | -€406 | -3.3% |
| Recurring financial charges | 65 | €12,288 | €11,882 | -€406 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €19,625 | €24,511 | +€4,886 | +24.9% |
| Income taxes | 67/77 | €3,925 | €6,128 | +€2,203 | +56.1% |
| Profit (loss) for the period | 9904 | €15,700 | €18,383 | +€2,684 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,700 | €18,383 | +€2,684 | +17.1% |
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 6 October 2026 via checked.be.