VAN LAERE V.P.E.: 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 LAERE V.P.E.
Largest movements
- Cash +€263,194
up €263,194 (+27.6%), from €953,209 to €1.2m
mainly Receivables within one year (+€151,706) and Depreciation (+€123,899)
- Tangible fixed assets -€186,435
down €186,435 (-9.1%), from €2.1m to €1.9m
of which Land and buildings: -€154,782
- Current investments +€162,538
up €162,538 (+32.5%), from €500,000 to €662,538
- Receivables within one year -€151,706
down €151,706 (-49.6%), from €305,946 to €154,241
of which Other amounts receivable: -€180,422
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€199,476
down €199,476 (-28.6%), from €697,744 to €498,269
- Other operating charges +€150,233
up €150,233 (+228.3%), from €65,812 to €216,045
- Taxes +€20,771
up €20,771 (+909.3%), from €2,284 to €23,056
- Write-downs +€18,951
up €18,951 (+96.1%), from -€19,710 to -€759
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 | €3,993,519 | €4,060,581 | +€67,061 | +1.7% |
| Fixed assets | 21/28 | €2,185,950 | €1,999,515 | -€186,435 | -8.5% |
| Tangible fixed assets | 22/27 | €2,055,700 | €1,869,265 | -€186,435 | -9.1% |
| Land and buildings | 22 | €1,915,510 | €1,760,728 | -€154,782 | -8.1% |
| Furniture and vehicles | 24 | €140,190 | €108,537 | -€31,653 | -22.6% |
| Financial fixed assets | 28 | €130,250 | €130,250 | = | 0.0% |
| Current assets | 29/58 | €1,807,569 | €2,061,066 | +€253,497 | +14.0% |
| Amounts receivable after more than one year | 29 | €21,027 | €16,995 | -€4,031 | -19.2% |
| Other amounts receivable | 291 | €21,027 | €16,995 | -€4,031 | -19.2% |
| Amounts receivable within one year | 40/41 | €305,946 | €154,241 | -€151,706 | -49.6% |
| Trade receivables | 40 | €31,334 | €60,051 | +€28,716 | +91.6% |
| Other amounts receivable | 41 | €274,612 | €94,190 | -€180,422 | -65.7% |
| Current investments | 50/53 | €500,000 | €662,538 | +€162,538 | +32.5% |
| Cash at bank and in hand | 54/58 | €953,209 | €1,216,402 | +€263,194 | +27.6% |
| Deferred charges and accrued income | 490/1 | €27,388 | €10,890 | -€16,498 | -60.2% |
| Total equity and liabilities | 10/49 | €3,993,519 | €4,060,581 | +€67,061 | +1.7% |
| Equity | 10/15 | €2,503,765 | €2,541,607 | +€37,842 | +1.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €2,428,765 | €2,466,607 | +€37,842 | +1.6% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €148,595 | €141,842 | -€6,753 | -4.5% |
| Distributable reserves | 133 | €2,272,670 | €2,317,265 | +€44,595 | +2.0% |
| Provisions and deferred taxes | 16 | €49,532 | €47,281 | -€2,251 | -4.5% |
| Deferred taxes | 168 | €49,532 | €47,281 | -€2,251 | -4.5% |
| Amounts payable | 17/49 | €1,440,222 | €1,471,693 | +€31,471 | +2.2% |
| Amounts payable after more than one year | 17 | €1,380,000 | €1,380,000 | = | 0.0% |
| Financial debts | 170/4 | €1,380,000 | €1,380,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,222 | €64,211 | +€30,989 | +93.3% |
| Trade debts | 44 | €12,506 | €31,360 | +€18,854 | +150.8% |
| Suppliers | 440/4 | €12,506 | €31,360 | +€18,854 | +150.8% |
| Taxes, remuneration and social security | 45 | €10,019 | €26,851 | +€16,832 | +168.0% |
| Taxes | 450/3 | €10,019 | €26,851 | +€16,832 | +168.0% |
| Other amounts payable | 47/48 | €10,697 | €6,000 | -€4,697 | -43.9% |
| Accrued charges and deferred income | 492/3 | €27,000 | €27,482 | +€482 | +1.8% |
| Non-recurring operating income | 76A | €30,000 | €0 | -€30,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,214 | €123,899 | +€4,684 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,710 | -€759 | +€18,951 | +96.1% |
| Other operating charges | 640/8 | €65,812 | €216,045 | +€150,233 | +228.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €697,744 | €498,269 | -€199,476 | -28.6% |
| Operating profit (loss) | 9901 | €532,428 | €159,084 | -€373,345 | -70.1% |
| Financial income | 75/76B | €412 | €1,488 | +€1,076 | +261.0% |
| Recurring financial income | 75 | €412 | €1,488 | +€1,076 | +261.0% |
| Financial charges | 65/66B | €101,070 | €101,926 | +€855 | +0.8% |
| Recurring financial charges | 65 | €101,070 | €101,926 | +€855 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €431,770 | €58,646 | -€373,124 | -86.4% |
| Transfer from deferred taxes | 780 | €2,251 | €2,251 | +€0 | 0.0% |
| Income taxes | 67/77 | €2,284 | €23,056 | +€20,771 | +909.3% |
| Profit (loss) for the period | 9904 | €431,737 | €37,842 | -€393,895 | -91.2% |
| Transfer from tax-exempt reserves | 789 | €6,753 | €6,753 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €438,490 | €44,595 | -€393,895 | -89.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.