Van Laer Management: 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 Laer Management
Largest movements
- Tangible fixed assets -€146,255
down €146,255 (-6.5%), from €2.2m to €2.1m
of which Furniture and vehicles: -€99,238
- Current investments -€31,258
down €31,258 (-11.2%), from €279,295 to €248,037
- Debts after one year -€939,132
down €939,132 (-78.3%), from €1.2m to €260,279
- Reserves +€410,451
up €410,451 (+55.9%), from €734,848 to €1.1m
of which Tax-exempt reserves: +€325,451
- Profit (loss) carried forward +€187,638
up €187,638 (+46.5%), from €403,618 to €591,256
- Provisions +€108,484
new in 2025: €108,484
- Other debts +€41,241
up €41,241 (+9.5%), from €432,125 to €473,366
- Financial income +€429,189
up €429,189 (+5,164%), from €8,311 to €437,500
- Gross operating margin +€188,016
up €188,016 (+44.6%), from €421,992 to €610,008
- Other operating charges -€60,803
down €60,803 (-87.8%), from €69,215 to €8,411
- Financial charges +€35,053
up €35,053 (+66.9%), from €52,426 to €87,479
- Depreciation +€34,609
up €34,609 (+23.6%), from €146,388 to €180,997
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 | €2,905,654 | €2,695,771 | -€209,882 | -7.2% |
| Fixed assets | 21/28 | €2,390,702 | €2,244,447 | -€146,255 | -6.1% |
| Tangible fixed assets | 22/27 | €2,240,634 | €2,094,379 | -€146,255 | -6.5% |
| Land and buildings | 22 | €1,913,206 | €1,866,693 | -€46,513 | -2.4% |
| Plant, machinery and equipment | 23 | €3,599 | €3,095 | -€504 | -14.0% |
| Furniture and vehicles | 24 | €323,829 | €224,591 | -€99,238 | -30.6% |
| Financial fixed assets | 28 | €150,068 | €150,068 | = | 0.0% |
| Current assets | 29/58 | €514,952 | €451,324 | -€63,628 | -12.4% |
| Amounts receivable within one year | 40/41 | €12,222 | €4,787 | -€7,435 | -60.8% |
| Other amounts receivable | 41 | €12,222 | €4,787 | -€7,435 | -60.8% |
| Current investments | 50/53 | €279,295 | €248,037 | -€31,258 | -11.2% |
| Cash at bank and in hand | 54/58 | €223,435 | €198,500 | -€24,934 | -11.2% |
| Total equity and liabilities | 10/49 | €2,905,654 | €2,695,771 | -€209,882 | -7.2% |
| Equity | 10/15 | €1,144,666 | €1,742,755 | +€598,089 | +52.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €734,848 | €1,145,299 | +€410,451 | +55.9% |
| 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 | €302,988 | €628,439 | +€325,451 | +107% |
| Distributable reserves | 133 | €430,000 | €515,000 | +€85,000 | +19.8% |
| Profit (loss) carried forward | 14 | €403,618 | €591,256 | +€187,638 | +46.5% |
| Provisions and deferred taxes | 16 | - | €108,484 | +€108,484 | |
| Deferred taxes | 168 | - | €108,484 | +€108,484 | |
| Amounts payable | 17/49 | €1,760,988 | €844,533 | -€916,455 | -52.0% |
| Amounts payable after more than one year | 17 | €1,199,411 | €260,279 | -€939,132 | -78.3% |
| Financial debts | 170/4 | €1,199,411 | €260,279 | -€939,132 | -78.3% |
| Amounts payable within one year | 42/48 | €561,577 | €581,965 | +€20,388 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €95,156 | €77,100 | -€18,056 | -19.0% |
| Trade debts | 44 | €1,097 | €14,155 | +€13,058 | +1,191% |
| Suppliers | 440/4 | €1,097 | €14,155 | +€13,058 | +1,191% |
| Taxes, remuneration and social security | 45 | €33,199 | €17,344 | -€15,855 | -47.8% |
| Taxes | 450/3 | €33,199 | €17,344 | -€15,855 | -47.8% |
| Other amounts payable | 47/48 | €432,125 | €473,366 | +€41,241 | +9.5% |
| Accrued charges and deferred income | 492/3 | - | €2,289 | +€2,289 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,388 | €180,997 | +€34,609 | +23.6% |
| Other operating charges | 640/8 | €69,215 | €8,411 | -€60,803 | -87.8% |
| Non-recurring operating charges | 66A | €206,356 | - | -€206,356 | |
| Gross operating margin | 9900 | €421,992 | €610,008 | +€188,016 | +44.6% |
| Operating profit (loss) | 9901 | €33 | €420,599 | +€420,566 | +1,289,685% |
| Financial income | 75/76B | €8,311 | €437,500 | +€429,189 | +5,164% |
| Recurring financial income | 75 | €8,311 | €437,500 | +€429,189 | +5,164% |
| Financial charges | 65/66B | €52,426 | €87,479 | +€35,053 | +66.9% |
| Recurring financial charges | 65 | €52,426 | €87,479 | +€35,053 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | -€44,082 | €770,620 | +€814,702 | |
| Transfer from deferred taxes | 780 | - | €5,710 | +€5,710 | |
| Transfer to deferred taxes | 680 | - | €114,194 | +€114,194 | |
| Income taxes | 67/77 | €1,592 | €14,047 | +€12,455 | +782% |
| Profit (loss) for the period | 9904 | -€45,674 | €648,089 | +€693,763 | |
| Transfer from tax-exempt reserves | 789 | €52,400 | €17,129 | -€35,271 | -67.3% |
| Transfer to tax-exempt reserves | 689 | - | €342,581 | +€342,581 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,726 | €322,638 | +€315,912 | +4,697% |
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 23 October 2026 via checked.be.