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 +€62,609
up €62,609 (+110%), from €56,817 to €119,426
of which Trade receivables: +€65,631
- Tangible fixed assets -€51,572
down €51,572 (-52.0%), from €99,145 to €47,574
of which Furniture and vehicles: -€44,780
- Stocks and contracts -€37,245
down €37,245 (-11.0%), from €339,692 to €302,446
- Cash -€11,442
down €11,442 (-21.8%), from €52,483 to €41,042
mainly Receivables within one year (-€62,609) and Net result for the year (-€12,271)
- Profit (loss) carried forward -€12,271
down €12,271 (-98.6%), from €12,449 to €178
- Trade debts -€11,898
down €11,898 (-11.4%), from €104,390 to €92,492
- Short-term financial debts -€9,596
down €9,596 (-23.8%), from €40,280 to €30,684
- Tax, wage and social debts +€8,505
up €8,505 (+72.2%), from €11,786 to €20,291
of which Taxes: +€7,776
- Debts after one year -€7,109
down €7,109 (-3.2%), from €223,571 to €216,463
- Staff costs +€16,830
up €16,830 (+17.6%), from €95,599 to €112,429
- Gross operating margin -€14,492
down €14,492 (-8.3%), from €173,813 to €159,321
- Depreciation -€13,210
down €13,210 (-41.2%), from €32,096 to €18,886
- Taxes -€5,761
down €5,761 (-93.8%), from €6,139 to €378
- Financial charges -€4,336
down €4,336 (-23.2%), from €18,701 to €14,365
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 | €556,833 | €516,099 | -€40,734 | -7.3% |
| Fixed assets | 21/28 | €99,552 | €47,980 | -€51,572 | -51.8% |
| Tangible fixed assets | 22/27 | €99,145 | €47,574 | -€51,572 | -52.0% |
| Land and buildings | 22 | €2,348 | €1,565 | -€783 | -33.3% |
| Plant, machinery and equipment | 23 | €40,701 | €34,691 | -€6,009 | -14.8% |
| Furniture and vehicles | 24 | €56,097 | €11,317 | -€44,780 | -79.8% |
| Financial fixed assets | 28 | €407 | €407 | = | 0.0% |
| Current assets | 29/58 | €457,281 | €468,119 | +€10,837 | +2.4% |
| Stocks and contracts in progress | 3 | €339,692 | €302,446 | -€37,245 | -11.0% |
| Stocks | 30/36 | €339,692 | €302,446 | -€37,245 | -11.0% |
| Amounts receivable within one year | 40/41 | €56,817 | €119,426 | +€62,609 | +110% |
| Trade receivables | 40 | €49,250 | €114,882 | +€65,631 | +133% |
| Other amounts receivable | 41 | €7,567 | €4,545 | -€3,022 | -39.9% |
| Cash at bank and in hand | 54/58 | €52,483 | €41,042 | -€11,442 | -21.8% |
| Deferred charges and accrued income | 490/1 | €8,289 | €5,204 | -€3,085 | -37.2% |
| Total equity and liabilities | 10/49 | €556,833 | €516,099 | -€40,734 | -7.3% |
| Equity | 10/15 | €152,647 | €140,375 | -€12,271 | -8.0% |
| Contributions | 10/11 | €63,592 | €63,592 | = | 0.0% |
| Reserves | 13 | €76,605 | €76,605 | = | 0.0% |
| Distributable reserves | 133 | €76,605 | €76,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,449 | €178 | -€12,271 | -98.6% |
| Amounts payable | 17/49 | €404,186 | €375,723 | -€28,463 | -7.0% |
| Amounts payable after more than one year | 17 | €223,571 | €216,463 | -€7,109 | -3.2% |
| Financial debts | 170/4 | €223,571 | €216,463 | -€7,109 | -3.2% |
| Amounts payable within one year | 42/48 | €173,562 | €155,322 | -€18,240 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €7,010 | €7,109 | +€98 | +1.4% |
| Financial debts | 43 | €40,280 | €30,684 | -€9,596 | -23.8% |
| Credit institutions | 430/8 | €40,280 | €30,684 | -€9,596 | -23.8% |
| Trade debts | 44 | €104,390 | €92,492 | -€11,898 | -11.4% |
| Suppliers | 440/4 | €104,390 | €92,492 | -€11,898 | -11.4% |
| Taxes, remuneration and social security | 45 | €11,786 | €20,291 | +€8,505 | +72.2% |
| Taxes | 450/3 | €6,565 | €14,340 | +€7,776 | +118% |
| Remuneration and social security | 454/9 | €5,222 | €5,951 | +€729 | +14.0% |
| Other amounts payable | 47/48 | €10,095 | €4,747 | -€5,348 | -53.0% |
| Accrued charges and deferred income | 492/3 | €7,053 | €3,939 | -€3,115 | -44.2% |
| Remuneration, social security and pensions | 62 | €95,599 | €112,429 | +€16,830 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,096 | €18,886 | -€13,210 | -41.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€25 | -€990 | -€965 | -3,884% |
| Other operating charges | 640/8 | €9,274 | €11,389 | +€2,114 | +22.8% |
| Non-recurring operating charges | 66A | €1,441 | €15,400 | +€13,959 | +969% |
| Gross operating margin | 9900 | €173,813 | €159,321 | -€14,492 | -8.3% |
| Operating profit (loss) | 9901 | €35,428 | €2,207 | -€33,221 | -93.8% |
| Financial income | 75/76B | €1,010 | €265 | -€745 | -73.8% |
| Recurring financial income | 75 | €1,010 | €265 | -€745 | -73.8% |
| Financial charges | 65/66B | €18,701 | €14,365 | -€4,336 | -23.2% |
| Recurring financial charges | 65 | €18,701 | €14,365 | -€4,336 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €17,737 | -€11,893 | -€29,630 | |
| Income taxes | 67/77 | €6,139 | €378 | -€5,761 | -93.8% |
| Profit (loss) for the period | 9904 | €11,598 | -€12,271 | -€23,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,598 | -€12,271 | -€23,869 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.