Van Laere: 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 Laere
NACE 41.003, General construction of other non-residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €3.1m-€1.4m
Equity
€12.7m
2024 · €11.0m+€1.7m
Cash
€4.4m
2024 · €4.0m+€425,175
Balance sheet total
€100.0m
2024 · €98.5m+€1.4m
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+2.0%), from €88.0m to €89.8m
of which Other amounts receivable: +€4.9m
- Stocks and contracts -€1.1m
down €1.1m (-64.3%), from €1.8m to €624,610
of which Contracts in progress: -€1.1m
Equity and liabilities
- Accrued charges and deferred income -€11.9m
down €11.9m (-48.9%), from €24.4m to €12.5m
- Advances received +€3.5m
up €3.5m (+108.5%), from €3.3m to €6.8m
- Other debts +€2.9m
up €2.9m (+93.0%), from €3.1m to €6.0m
- Trade debts +€2.7m
up €2.7m (+5.2%), from €52.5m to €55.2m
- Provisions +€2.6m
up €2.6m (+133.4%), from €1.9m to €4.5m
of which Provisions for liabilities and charges: +€2.6m
Income statement
- Turnover +€31.4m
up €31.4m (+20.5%), from €153.3m to €184.7m
- Goods and materials +€23.0m
up €23.0m (+20.8%), from €110.5m to €133.4m
of which Purchases: +€23.0m
- Provisions +€3.0m
up €3.0m, from -€476,674 to €2.6m
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
€3.1m
Turnover
+€31.4m
Other operating income
-€536,107
Goods and materials
-€23.0m
Services and other goods
-€231,573
Staff costs
-€1.4m
Depreciation
+€98,617
Write-downs
-€6,511
Provisions
-€3.0m
Other operating charges
-€464,210
Other operating items
-€5.8m
Financial income
+€1.2m
Financial charges
-€38,456
Taxes
+€386,196
Deferred taxes and other
-€7,975
Result 2025
€1.7m
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
+€1.4m
Investment
-€920,338
Financing
-€31,148
Cash 2024
€4.0m
From operations (derived)
+€1.4m
Net result for the year
+€1.7m
Depreciation
+€447,655
Stocks and contracts
+€1.1m
Receivables within one year
-€1.7m
Deferred charges and accrued income
+€96,113
Provisions
+€2.6m
Trade debts
+€2.7m
Tax, wage and social debts
-€42,164
Advances received
+€3.5m
Other debts
+€2.9m
Accrued charges and deferred income
-€11.9m
Investment (derived)
-€920,338
Investment in fixed assets (net)
-€920,338
Financing
-€31,148
Debts after one year
-€32,354
Current portion of long-term debt
+€1,205
Contributions, distributions and other
+€0
Cash 2025
€4.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,529,356 | €99,954,851 | +€1.4m | +1.4% |
| Fixed assets | 21/28 | €4,501,040 | €4,973,724 | +€472,684 | +10.5% |
| Intangible fixed assets | 21 | €62,754 | €33,462 | -€29,292 | -46.7% |
| Tangible fixed assets | 22/27 | €1,692,428 | €1,611,216 | -€81,212 | -4.8% |
| Land and buildings | 22 | €586,989 | €567,090 | -€19,899 | -3.4% |
| Plant, machinery and equipment | 23 | €695,207 | €685,220 | -€9,987 | -1.4% |
| Furniture and vehicles | 24 | €410,232 | €269,396 | -€140,836 | -34.3% |
| Other tangible fixed assets | 26 | - | €89,510 | +€89,510 | |
| Financial fixed assets | 28 | €2,745,858 | €3,329,046 | +€583,188 | +21.2% |
| Affiliated companies | 280/1 | €1,676,675 | €2,719,928 | +€1.0m | +62.2% |
| Participating interests | 280 | €1,676,675 | €2,719,928 | +€1.0m | +62.2% |
| Companies linked by participating interests | 282/3 | €527,002 | €64,477 | -€462,525 | -87.8% |
| Participating interests | 282 | €527,002 | €64,477 | -€462,525 | -87.8% |
| Other financial fixed assets | 284/8 | €542,181 | €544,641 | +€2,460 | +0.5% |
| Shares | 284 | €66,150 | €66,150 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €476,031 | €478,491 | +€2,460 | +0.5% |
| Current assets | 29/58 | €94,028,316 | €94,981,127 | +€952,812 | +1.0% |
| Stocks and contracts in progress | 3 | €1,750,748 | €624,610 | -€1.1m | -64.3% |
| Stocks | 30/36 | €525,925 | €529,421 | +€3,497 | +0.7% |
| Raw materials and consumables | 30/31 | €525,925 | €529,421 | +€3,497 | +0.7% |
| Contracts in progress | 37 | €1,224,823 | €95,188 | -€1.1m | -92.2% |
| Amounts receivable within one year | 40/41 | €88,034,626 | €89,784,514 | +€1.7m | +2.0% |
| Trade receivables | 40 | €43,749,093 | €40,620,054 | -€3.1m | -7.2% |
| Other amounts receivable | 41 | €44,285,533 | €49,164,460 | +€4.9m | +11.0% |
| Cash at bank and in hand | 54/58 | €3,972,230 | €4,397,405 | +€425,175 | +10.7% |
| Deferred charges and accrued income | 490/1 | €270,712 | €174,599 | -€96,113 | -35.5% |
| Total equity and liabilities | 10/49 | €98,529,356 | €99,954,851 | +€1.4m | +1.4% |
| Equity | 10/15 | €11,013,923 | €12,703,010 | +€1.7m | +15.3% |
| Contributions | 10/11 | €6,250,400 | €6,250,400 | = | 0.0% |
| Capital | 10 | €6,198,000 | €6,198,000 | = | 0.0% |
| Issued capital | 100 | €6,198,000 | €6,198,000 | = | 0.0% |
| Outside capital | 11 | €52,400 | €52,400 | = | 0.0% |
| Share premium | 1100/10 | €52,400 | €52,400 | = | 0.0% |
| Revaluation surpluses | 12 | €166,833 | €166,833 | = | 0.0% |
| Reserves | 13 | €9,122,059 | €9,088,081 | -€33,978 | -0.4% |
| Non-distributable reserves | 130/1 | €651,302 | €651,302 | = | 0.0% |
| Legal reserve | 130 | €619,800 | €619,800 | = | 0.0% |
| Other | 1319 | €31,502 | €31,502 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,464,680 | €3,430,702 | -€33,978 | -1.0% |
| Distributable reserves | 133 | €5,006,076 | €5,006,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,525,369 | -€2,802,304 | +€1.7m | +38.1% |
| Provisions and deferred taxes | 16 | €1,927,952 | €4,500,453 | +€2.6m | +133.4% |
| Provisions for liabilities and charges | 160/5 | €1,913,481 | €4,500,453 | +€2.6m | +135.2% |
| Other liabilities and charges | 164/5 | €1,913,481 | €4,500,453 | +€2.6m | +135.2% |
| Deferred taxes | 168 | €14,471 | €0 | -€14,471 | -100.0% |
| Amounts payable | 17/49 | €85,587,481 | €82,751,388 | -€2.8m | -3.3% |
| Amounts payable after more than one year | 17 | €470,033 | €437,680 | -€32,354 | -6.9% |
| Financial debts | 170/4 | €470,033 | €437,680 | -€32,354 | -6.9% |
| Credit institutions | 173 | €470,033 | €437,680 | -€32,354 | -6.9% |
| Amounts payable within one year | 42/48 | €60,704,761 | €69,834,758 | +€9.1m | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €31,149 | €32,354 | +€1,205 | +3.9% |
| Trade debts | 44 | €52,505,067 | €55,238,579 | +€2.7m | +5.2% |
| Suppliers | 440/4 | €52,505,067 | €55,238,579 | +€2.7m | +5.2% |
| Advances received on contracts in progress | 46 | €3,269,454 | €6,816,327 | +€3.5m | +108.5% |
| Taxes, remuneration and social security | 45 | €1,791,111 | €1,748,947 | -€42,164 | -2.4% |
| Taxes | 450/3 | €593,293 | €550,302 | -€42,991 | -7.2% |
| Remuneration and social security | 454/9 | €1,197,819 | €1,198,646 | +€827 | +0.1% |
| Other amounts payable | 47/48 | €3,107,981 | €5,998,552 | +€2.9m | +93.0% |
| Accrued charges and deferred income | 492/3 | €24,412,686 | €12,478,950 | -€11.9m | -48.9% |
| Operating income | 70/76A | €165,402,060 | €190,517,994 | +€25.1m | +15.2% |
| Turnover | 70 | €153,257,243 | €184,671,715 | +€31.4m | +20.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,001,544 | -€4,706,920 | -€5.7m | |
| Other operating income | 74 | €11,075,494 | €10,539,387 | -€536,107 | -4.8% |
| Non-recurring operating income | 76A | €67,779 | €13,812 | -€53,967 | -79.6% |
| Operating charges | 60/66A | €162,311,640 | €190,331,699 | +€28.0m | +17.3% |
| Goods for resale, raw materials and consumables | 60 | €110,458,423 | €133,439,935 | +€23.0m | +20.8% |
| Purchases | 600/8 | €110,984,348 | €133,969,357 | +€23.0m | +20.7% |
| Change in stocks: decrease (increase) | 609 | -€525,925 | -€529,421 | -€3,497 | -0.7% |
| Services and other goods | 61 | €36,034,264 | €36,265,837 | +€231,573 | +0.6% |
| Remuneration, social security and pensions | 62 | €15,679,430 | €17,050,189 | +€1.4m | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €546,272 | €447,655 | -€98,617 | -18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €6,511 | +€6,511 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€476,674 | €2,556,560 | +€3.0m | |
| Other operating charges | 640/8 | €68,304 | €532,514 | +€464,210 | +679.6% |
| Non-recurring operating charges | 66A | €1,621 | €32,499 | +€30,878 | +1905.2% |
| Operating profit (loss) | 9901 | €3,090,419 | €186,295 | -€2.9m | -94.0% |
| Financial income | 75/76B | €835,478 | €2,018,614 | +€1.2m | +141.6% |
| Recurring financial income | 75 | €835,478 | €975,361 | +€139,884 | +16.7% |
| Income from financial fixed assets | 750 | €8,418 | €8,360 | -€59 | -0.7% |
| Income from current assets | 751 | €693,908 | €943,034 | +€249,126 | +35.9% |
| Other financial income | 752/9 | €133,152 | €23,968 | -€109,184 | -82.0% |
| Non-recurring financial income | 76B | - | €1,043,253 | +€1.0m | |
| Financial charges | 65/66B | €506,328 | €544,784 | +€38,456 | +7.6% |
| Recurring financial charges | 65 | €506,328 | €544,784 | +€38,456 | +7.6% |
| Debt charges | 650 | €287,199 | €314,554 | +€27,356 | +9.5% |
| Other financial charges | 652/9 | €219,129 | €230,229 | +€11,100 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €3,419,569 | €1,660,125 | -€1.8m | -51.5% |
| Transfer from deferred taxes | 780 | €22,446 | €14,471 | -€7,975 | -35.5% |
| Income taxes | 67/77 | €371,705 | -€14,491 | -€386,196 | |
| Taxes | 670/3 | €372,639 | €37,047 | -€335,592 | -90.1% |
| Tax adjustments and reversals of tax provisions | 77 | €934 | €51,538 | +€50,604 | +5418.0% |
| Profit (loss) for the period | 9904 | €3,070,310 | €1,689,087 | -€1.4m | -45.0% |
| Transfer from tax-exempt reserves | 789 | €66,513 | €33,978 | -€32,535 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,136,822 | €1,723,066 | -€1.4m | -45.1% |
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 9 October 2026 via checked.be.