VAN LANDUYT: 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 LANDUYT
Largest movements
- Receivables within one year +€63,530
up €63,530, from €0 to €63,530
of which Trade receivables: +€63,473
- Tangible fixed assets -€55,934
down €55,934 (-32.6%), from €171,640 to €115,706
of which Furniture and vehicles: -€49,740
- Cash +€31,546
up €31,546 (+190%), from €16,578 to €48,124
mainly Investment in fixed assets (net) (+€48,767) and Net result for the year (+€33,341)
- Reserves +€33,341
up €33,341 (+61.2%), from €54,517 to €87,858
of which Distributable reserves: +€33,341
- Tax, wage and social debts +€27,877
up €27,877 (+304%), from €9,164 to €37,040
- Other debts -€21,848
down €21,848 (-36.7%), from €59,552 to €37,704
- Depreciation -€16,676
down €16,676 (-69.9%), from €23,843 to €7,167
- Taxes +€6,557
up €6,557 (+64.8%), from €10,126 to €16,684
- Gross operating margin +€2,627
up €2,627 (+4.6%), from €56,902 to €59,528
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 | €188,433 | €227,622 | +€39,188 | +20.8% |
| Fixed assets | 21/28 | €171,640 | €115,706 | -€55,934 | -32.6% |
| Tangible fixed assets | 22/27 | €171,640 | €115,706 | -€55,934 | -32.6% |
| Land and buildings | 22 | €119,081 | €114,045 | -€5,036 | -4.2% |
| Plant, machinery and equipment | 23 | €2,627 | €1,469 | -€1,158 | -44.1% |
| Furniture and vehicles | 24 | €49,931 | €192 | -€49,740 | -99.6% |
| Current assets | 29/58 | €16,793 | €111,915 | +€95,122 | +566% |
| Amounts receivable within one year | 40/41 | €0 | €63,530 | +€63,530 | |
| Trade receivables | 40 | €0 | €63,473 | +€63,473 | |
| Other amounts receivable | 41 | €0 | €58 | +€58 | |
| Cash at bank and in hand | 54/58 | €16,578 | €48,124 | +€31,546 | +190% |
| Deferred charges and accrued income | 490/1 | €215 | €261 | +€46 | +21.2% |
| Total equity and liabilities | 10/49 | €188,433 | €227,622 | +€39,188 | +20.8% |
| Equity | 10/15 | €118,517 | €151,858 | +€33,341 | +28.1% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €54,517 | €87,858 | +€33,341 | +61.2% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Distributable reserves | 133 | €48,117 | €81,458 | +€33,341 | +69.3% |
| Amounts payable | 17/49 | €69,917 | €75,764 | +€5,847 | +8.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €69,001 | €74,744 | +€5,743 | +8.3% |
| Trade debts | 44 | €285 | €0 | -€285 | -100% |
| Suppliers | 440/4 | €285 | €0 | -€285 | -100% |
| Taxes, remuneration and social security | 45 | €9,164 | €37,040 | +€27,877 | +304% |
| Taxes | 450/3 | €9,164 | €37,040 | +€27,877 | +304% |
| Other amounts payable | 47/48 | €59,552 | €37,704 | -€21,848 | -36.7% |
| Accrued charges and deferred income | 492/3 | €916 | €1,020 | +€104 | +11.3% |
| Non-recurring operating income | 76A | €0 | €29,434 | +€29,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,843 | €7,167 | -€16,676 | -69.9% |
| Other operating charges | 640/8 | €1,456 | €1,459 | +€3 | +0.2% |
| Non-recurring operating charges | 66A | - | €767 | +€767 | |
| Gross operating margin | 9900 | €56,902 | €59,528 | +€2,627 | +4.6% |
| Operating profit (loss) | 9901 | €31,602 | €50,135 | +€18,533 | +58.6% |
| Financial income | 75/76B | €0 | €44 | +€44 | |
| Recurring financial income | 75 | €0 | €44 | +€44 | |
| Financial charges | 65/66B | €89 | €154 | +€66 | +74.1% |
| Recurring financial charges | 65 | €89 | €154 | +€66 | +74.1% |
| Profit (loss) for the period before taxes | 9903 | €31,514 | €50,025 | +€18,511 | +58.7% |
| Income taxes | 67/77 | €10,126 | €16,684 | +€6,557 | +64.8% |
| Profit (loss) for the period | 9904 | €21,387 | €33,341 | +€11,954 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,387 | €33,341 | +€11,954 | +55.9% |
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 22 October 2026 via checked.be.