VAN LAETHEM Danny: 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 LAETHEM Danny
Largest movements
- Current investments -€111,184
down €111,184 (-38.4%), from €289,303 to €178,119
- Tangible fixed assets -€45,605
down €45,605 (-96.4%), from €47,304 to €1,699
of which Land and buildings: -€39,976
- Receivables within one year +€33,734
up €33,734 (+53.9%), from €62,565 to €96,299
of which Trade receivables: +€36,499
- Cash -€27,868
down €27,868 (-32.3%), from €86,396 to €58,527
mainly Contributions, distributions and other (-€231,987) and Receivables within one year (-€33,734)
- Reserves -€158,055
down €158,055 (-46.0%), from €343,332 to €185,277
- Trade debts +€15,781
up €15,781 (+87.4%), from €18,054 to €33,835
- Other debts -€11,777
down €11,777 (-13.0%), from €90,487 to €78,709
- Staff costs -€72,218
down €72,218 (-99.8%), from €72,396 to €178
- Gross operating margin +€51,176
up €51,176 (+199%), from €25,770 to €76,946
- Financial income +€32,804
up €32,804 (+195%), from €16,864 to €49,668
- Taxes +€22,824
up €22,824 (+4,418%), from €517 to €23,340
- Other operating charges +€21,813
up €21,813 (+1,711%), from €1,275 to €23,087
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 | €489,200 | €338,532 | -€150,668 | -30.8% |
| Fixed assets | 21/28 | €48,804 | €3,199 | -€45,605 | -93.4% |
| Tangible fixed assets | 22/27 | €47,304 | €1,699 | -€45,605 | -96.4% |
| Land and buildings | 22 | €41,675 | €1,699 | -€39,976 | -95.9% |
| Furniture and vehicles | 24 | €5,629 | - | -€5,629 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €440,395 | €335,333 | -€105,063 | -23.9% |
| Amounts receivable within one year | 40/41 | €62,565 | €96,299 | +€33,734 | +53.9% |
| Trade receivables | 40 | €53,008 | €89,507 | +€36,499 | +68.9% |
| Other amounts receivable | 41 | €9,557 | €6,792 | -€2,765 | -28.9% |
| Current investments | 50/53 | €289,303 | €178,119 | -€111,184 | -38.4% |
| Cash at bank and in hand | 54/58 | €86,396 | €58,527 | -€27,868 | -32.3% |
| Deferred charges and accrued income | 490/1 | €2,132 | €2,387 | +€255 | +12.0% |
| Total equity and liabilities | 10/49 | €489,200 | €338,532 | -€150,668 | -30.8% |
| Equity | 10/15 | €380,532 | €222,477 | -€158,055 | -41.5% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €343,332 | €185,277 | -€158,055 | -46.0% |
| Distributable reserves | 133 | €343,332 | €185,277 | -€158,055 | -46.0% |
| Amounts payable | 17/49 | €108,668 | €116,055 | +€7,387 | +6.8% |
| Amounts payable within one year | 42/48 | €108,668 | €113,147 | +€4,480 | +4.1% |
| Trade debts | 44 | €18,054 | €33,835 | +€15,781 | +87.4% |
| Suppliers | 440/4 | €18,054 | €33,835 | +€15,781 | +87.4% |
| Taxes, remuneration and social security | 45 | €127 | €603 | +€476 | +375% |
| Taxes | 450/3 | €127 | €603 | +€476 | +375% |
| Other amounts payable | 47/48 | €90,487 | €78,709 | -€11,777 | -13.0% |
| Accrued charges and deferred income | 492/3 | - | €2,908 | +€2,908 | |
| Remuneration, social security and pensions | 62 | €72,396 | €178 | -€72,218 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,980 | €1,683 | -€1,297 | -43.5% |
| Other operating charges | 640/8 | €1,275 | €23,087 | +€21,813 | +1,711% |
| Gross operating margin | 9900 | €25,770 | €76,946 | +€51,176 | +199% |
| Operating profit (loss) | 9901 | -€50,880 | €51,998 | +€102,878 | |
| Financial income | 75/76B | €16,864 | €49,668 | +€32,804 | +195% |
| Recurring financial income | 75 | €16,864 | €49,668 | +€32,804 | +195% |
| Financial charges | 65/66B | €832 | €4,393 | +€3,562 | +428% |
| Recurring financial charges | 65 | €832 | €4,393 | +€3,562 | +428% |
| Profit (loss) for the period before taxes | 9903 | -€34,848 | €97,272 | +€132,120 | |
| Income taxes | 67/77 | €517 | €23,340 | +€22,824 | +4,418% |
| Profit (loss) for the period | 9904 | -€35,364 | €73,932 | +€109,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,364 | €73,932 | +€109,296 |
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 13 October 2026 via checked.be.