VAN LAETHEM KEVIN: what changed
What changed
VAN LAETHEM KEVIN
NACE 43.910, Bricklaying and masonry work
filed annual accounts (NBB)
Net result for the year
€24,804
2024 · €57,585-€32,781
Equity
€166,038
2024 · €141,234+€24,804
Cash
€137,764
2024 · €126,265+€11,499
Balance sheet total
€279,608
2024 · €249,307+€30,301
Largest movements
Assets
- Receivables within one year +€31,425
up €31,425 (+904%), from €3,476 to €34,900
of which Trade receivables: +€23,516
- Tangible fixed assets -€16,398
down €16,398 (-13.9%), from €117,866 to €101,469
of which Furniture and vehicles: -€13,781
- Cash +€11,499
up €11,499 (+9.1%), from €126,265 to €137,764
mainly Depreciation (+€26,867) and Net result for the year (+€24,804)
- Stocks and contracts +€3,550
new in 2025: €3,550
Equity and liabilities
- Reserves +€24,804
up €24,804 (+17.9%), from €138,234 to €163,038
- Other debts +€18,495
up €18,495 (+27.2%), from €67,943 to €86,438
- Debts after one year -€9,872
down €9,872 (-40.0%), from €24,680 to €14,808
Income statement
- Gross operating margin -€37,054
down €37,054 (-37.8%), from €97,910 to €60,856
- Taxes -€7,872
down €7,872 (-54.3%), from €14,493 to €6,621
- Depreciation +€6,439
up €6,439 (+31.5%), from €20,428 to €26,867
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€57,585
Gross operating margin
-€37,054
Staff costs
+€139
Depreciation
-€6,439
Other operating charges
-€229
Other operating items
+€2,772
Financial income
-€0
Financial charges
+€157
Taxes
+€7,872
Result 2025
€24,804
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€31,285
Investment
-€10,369
Financing
-€9,416
Cash 2024
€126,265
From operations (derived)
+€31,285
Net result for the year
+€24,804
Depreciation
+€26,867
Stocks and contracts
-€3,550
Receivables within one year
-€31,425
Deferred charges and accrued income
-€325
Trade debts
-€1,025
Tax, wage and social debts
-€2,556
Other debts
+€18,495
Investment (derived)
-€10,369
Investment in fixed assets (net)
-€10,369
Financing
-€9,416
Debts after one year
-€9,872
Current portion of long-term debt
+€456
Cash 2025
€137,764
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,307 | €279,608 | +€30,301 | +12.2% |
| Fixed assets | 21/28 | €118,291 | €101,794 | -€16,498 | -13.9% |
| Intangible fixed assets | 21 | €425 | €325 | -€100 | -23.5% |
| Tangible fixed assets | 22/27 | €117,866 | €101,469 | -€16,398 | -13.9% |
| Land and buildings | 22 | €4,382 | €9,713 | +€5,331 | +122% |
| Plant, machinery and equipment | 23 | €62,338 | €54,390 | -€7,948 | -12.7% |
| Furniture and vehicles | 24 | €51,147 | €37,366 | -€13,781 | -26.9% |
| Current assets | 29/58 | €131,015 | €177,814 | +€46,799 | +35.7% |
| Stocks and contracts in progress | 3 | - | €3,550 | +€3,550 | |
| Stocks | 30/36 | - | €3,550 | +€3,550 | |
| Amounts receivable within one year | 40/41 | €3,476 | €34,900 | +€31,425 | +904% |
| Trade receivables | 40 | €1,372 | €24,888 | +€23,516 | +1,714% |
| Other amounts receivable | 41 | €2,104 | €10,012 | +€7,908 | +376% |
| Cash at bank and in hand | 54/58 | €126,265 | €137,764 | +€11,499 | +9.1% |
| Deferred charges and accrued income | 490/1 | €1,275 | €1,600 | +€325 | +25.5% |
| Total equity and liabilities | 10/49 | €249,307 | €279,608 | +€30,301 | +12.2% |
| Equity | 10/15 | €141,234 | €166,038 | +€24,804 | +17.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €138,234 | €163,038 | +€24,804 | +17.9% |
| Distributable reserves | 133 | €138,234 | €163,038 | +€24,804 | +17.9% |
| Amounts payable | 17/49 | €108,073 | €113,570 | +€5,497 | +5.1% |
| Amounts payable after more than one year | 17 | €24,680 | €14,808 | -€9,872 | -40.0% |
| Financial debts | 170/4 | €24,680 | €14,808 | -€9,872 | -40.0% |
| Amounts payable within one year | 42/48 | €83,393 | €98,762 | +€15,369 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €9,416 | €9,872 | +€456 | +4.8% |
| Trade debts | 44 | €2,716 | €1,691 | -€1,025 | -37.8% |
| Suppliers | 440/4 | €2,716 | €1,691 | -€1,025 | -37.8% |
| Taxes, remuneration and social security | 45 | €3,318 | €761 | -€2,556 | -77.1% |
| Taxes | 450/3 | €3,318 | €761 | -€2,556 | -77.1% |
| Other amounts payable | 47/48 | €67,943 | €86,438 | +€18,495 | +27.2% |
| Remuneration, social security and pensions | 62 | €192 | €53 | -€139 | -72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,428 | €26,867 | +€6,439 | +31.5% |
| Other operating charges | 640/8 | €355 | €584 | +€229 | +64.6% |
| Non-recurring operating charges | 66A | €2,772 | - | -€2,772 | |
| Gross operating margin | 9900 | €97,910 | €60,856 | -€37,054 | -37.8% |
| Operating profit (loss) | 9901 | €74,162 | €33,352 | -€40,810 | -55.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -63.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -63.2% |
| Financial charges | 65/66B | €2,085 | €1,927 | -€157 | -7.5% |
| Recurring financial charges | 65 | €2,085 | €1,927 | -€157 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €72,078 | €31,425 | -€40,653 | -56.4% |
| Income taxes | 67/77 | €14,493 | €6,621 | -€7,872 | -54.3% |
| Profit (loss) for the period | 9904 | €57,585 | €24,804 | -€32,781 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,585 | €24,804 | -€32,781 | -56.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.