Van Landeghem: 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 Landeghem
Largest movements
- Cash -€8,202
down €8,202 (-27.3%), from €30,067 to €21,864
mainly Contributions, distributions and other (-€8,000) and Receivables within one year (-€6,824)
- Tangible fixed assets -€7,539
down €7,539 (-33.2%), from €22,698 to €15,160
of which Plant, machinery and equipment: -€4,725
- Receivables within one year +€6,824
up €6,824 (+10.2%), from €66,778 to €73,602
of which Trade receivables: +€6,263
- Reserves -€8,000
down €8,000 (-8.7%), from €91,481 to €83,481
of which Distributable reserves: -€8,000
- Profit (loss) carried forward -€4,445
down €4,445 (-9.8%), from €45,181 to €40,736
- Tax, wage and social debts -€3,750
down €3,750 (-78.2%), from €4,792 to €1,042
- Trade debts +€3,358
up €3,358 (+136%), from €2,473 to €5,831
- Other debts +€3,285
up €3,285 (+89.9%), from €3,655 to €6,940
- Gross operating margin -€23,426
down €23,426 (-82.0%), from €28,581 to €5,155
- Taxes -€8,731
down €8,731 (-92.2%), from €9,466 to €735
- Financial charges -€924
down €924 (-52.6%), from €1,756 to €832
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 | €156,351 | €146,768 | -€9,582 | -6.1% |
| Fixed assets | 21/28 | €22,698 | €15,160 | -€7,539 | -33.2% |
| Tangible fixed assets | 22/27 | €22,698 | €15,160 | -€7,539 | -33.2% |
| Plant, machinery and equipment | 23 | €12,283 | €7,558 | -€4,725 | -38.5% |
| Furniture and vehicles | 24 | €10,415 | €7,601 | -€2,814 | -27.0% |
| Current assets | 29/58 | €133,653 | €131,609 | -€2,044 | -1.5% |
| Amounts receivable within one year | 40/41 | €66,778 | €73,602 | +€6,824 | +10.2% |
| Trade receivables | 40 | €13,640 | €19,902 | +€6,263 | +45.9% |
| Other amounts receivable | 41 | €53,138 | €53,700 | +€561 | +1.1% |
| Current investments | 50/53 | €36,000 | €36,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,067 | €21,864 | -€8,202 | -27.3% |
| Deferred charges and accrued income | 490/1 | €808 | €143 | -€665 | -82.4% |
| Total equity and liabilities | 10/49 | €156,351 | €146,768 | -€9,582 | -6.1% |
| Equity | 10/15 | €142,863 | €130,417 | -€12,445 | -8.7% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €91,481 | €83,481 | -€8,000 | -8.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €89,621 | €81,621 | -€8,000 | -8.9% |
| Profit (loss) carried forward | 14 | €45,181 | €40,736 | -€4,445 | -9.8% |
| Amounts payable | 17/49 | €13,488 | €16,351 | +€2,863 | +21.2% |
| Amounts payable within one year | 42/48 | €13,488 | €16,351 | +€2,863 | +21.2% |
| Financial debts | 43 | €2,568 | €2,537 | -€31 | -1.2% |
| Other loans | 439 | €2,568 | €2,537 | -€31 | -1.2% |
| Trade debts | 44 | €2,473 | €5,831 | +€3,358 | +136% |
| Suppliers | 440/4 | €2,473 | €5,831 | +€3,358 | +136% |
| Taxes, remuneration and social security | 45 | €4,792 | €1,042 | -€3,750 | -78.2% |
| Taxes | 450/3 | €4,792 | €1,042 | -€3,750 | -78.2% |
| Other amounts payable | 47/48 | €3,655 | €6,940 | +€3,285 | +89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,727 | €7,539 | -€189 | -2.4% |
| Other operating charges | 640/8 | €2,031 | €1,779 | -€252 | -12.4% |
| Gross operating margin | 9900 | €28,581 | €5,155 | -€23,426 | -82.0% |
| Operating profit (loss) | 9901 | €18,823 | -€4,163 | -€22,986 | |
| Financial income | 75/76B | €1,496 | €1,285 | -€212 | -14.2% |
| Recurring financial income | 75 | €1,496 | €1,285 | -€212 | -14.2% |
| Financial charges | 65/66B | €1,756 | €832 | -€924 | -52.6% |
| Recurring financial charges | 65 | €1,756 | €832 | -€924 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €18,563 | -€3,711 | -€22,274 | |
| Income taxes | 67/77 | €9,466 | €735 | -€8,731 | -92.2% |
| Profit (loss) for the period | 9904 | €9,097 | -€4,445 | -€13,543 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,097 | -€4,445 | -€13,543 |
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 19 October 2026 via checked.be.