VAN LAER-VERTRUYEN: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
VAN LAER-VERTRUYEN
Largest movements
- Tangible fixed assets +€11,422
up €11,422 (+25.5%), from €44,759 to €56,181
of which Furniture and vehicles: +€11,933
- Receivables within one year +€8,323
up €8,323 (+2,498%), from €333 to €8,656
of which Other amounts receivable: +€4,340
- Cash +€5,009
up €5,009 (+97.7%), from €5,126 to €10,135
mainly Other debts (+€25,055) and Net result for the year (+€21,106)
- Stocks and contracts -€4,340
down €4,340 (-10.4%), from €41,750 to €37,410
- Other debts +€25,055
up €25,055 (+3,802%), from €659 to €25,713
- Reserves -€10,251
down €10,251 (-31.5%), from €32,558 to €22,306
of which Distributable reserves: -€10,251
- Tax, wage and social debts +€5,644
new in 2026: €5,644
- Trade debts -€4,693
down €4,693 (-96.1%), from €4,884 to €191
- Debts after one year +€4,684
up €4,684 (+12.2%), from €38,476 to €43,160
- Gross operating margin +€20,782
up €20,782 (+94.7%), from €21,936 to €42,718
- Taxes -€14,525
down €14,525 (-85.1%), from €17,073 to €2,548
- Depreciation +€6,632
up €6,632 (+78.2%), from €8,479 to €15,111
- Financial charges +€808
up €808 (+40.5%), from €1,993 to €2,800
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,967 | €112,382 | +€20,414 | +22.2% |
| Fixed assets | 21/28 | €44,759 | €56,181 | +€11,422 | +25.5% |
| Tangible fixed assets | 22/27 | €44,759 | €56,181 | +€11,422 | +25.5% |
| Land and buildings | 22 | €1,772 | €1,579 | -€193 | -10.9% |
| Plant, machinery and equipment | 23 | €1,109 | €792 | -€317 | -28.6% |
| Furniture and vehicles | 24 | €41,877 | €53,810 | +€11,933 | +28.5% |
| Current assets | 29/58 | €47,209 | €56,201 | +€8,992 | +19.0% |
| Stocks and contracts in progress | 3 | €41,750 | €37,410 | -€4,340 | -10.4% |
| Contracts in progress | 37 | €41,750 | €37,410 | -€4,340 | -10.4% |
| Amounts receivable within one year | 40/41 | €333 | €8,656 | +€8,323 | +2,498% |
| Trade receivables | 40 | €258 | €4,241 | +€3,983 | +1,544% |
| Other amounts receivable | 41 | €75 | €4,415 | +€4,340 | +5,771% |
| Cash at bank and in hand | 54/58 | €5,126 | €10,135 | +€5,009 | +97.7% |
| Total equity and liabilities | 10/49 | €91,967 | €112,382 | +€20,414 | +22.2% |
| Equity | 10/15 | €44,558 | €34,306 | -€10,251 | -23.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €32,558 | €22,306 | -€10,251 | -31.5% |
| Non-distributable reserves | 130/1 | €1,200 | €1,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,200 | €1,200 | = | 0.0% |
| Distributable reserves | 133 | €31,358 | €21,106 | -€10,251 | -32.7% |
| Amounts payable | 17/49 | €47,410 | €78,075 | +€30,666 | +64.7% |
| Amounts payable after more than one year | 17 | €38,476 | €43,160 | +€4,684 | +12.2% |
| Financial debts | 170/4 | €38,476 | €43,160 | +€4,684 | +12.2% |
| Amounts payable within one year | 42/48 | €8,934 | €34,915 | +€25,982 | +291% |
| Current portion of amounts payable after more than one year | 42 | €3,390 | €3,366 | -€24 | -0.7% |
| Trade debts | 44 | €4,884 | €191 | -€4,693 | -96.1% |
| Suppliers | 440/4 | €4,884 | €191 | -€4,693 | -96.1% |
| Taxes, remuneration and social security | 45 | - | €5,644 | +€5,644 | |
| Taxes | 450/3 | - | €5,644 | +€5,644 | |
| Other amounts payable | 47/48 | €659 | €25,713 | +€25,055 | +3,802% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,479 | €15,111 | +€6,632 | +78.2% |
| Other operating charges | 640/8 | €1,342 | €1,277 | -€66 | -4.9% |
| Gross operating margin | 9900 | €21,936 | €42,718 | +€20,782 | +94.7% |
| Operating profit (loss) | 9901 | €12,115 | €26,330 | +€14,215 | +117% |
| Financial income | 75/76B | €42 | €125 | +€83 | +196% |
| Recurring financial income | 75 | €42 | €125 | +€83 | +196% |
| Financial charges | 65/66B | €1,993 | €2,800 | +€808 | +40.5% |
| Recurring financial charges | 65 | €1,993 | €2,800 | +€808 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €10,164 | €23,655 | +€13,490 | +133% |
| Income taxes | 67/77 | €17,073 | €2,548 | -€14,525 | -85.1% |
| Profit (loss) for the period | 9904 | -€6,909 | €21,106 | +€28,015 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,909 | €21,106 | +€28,015 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.