VAN LANGENACKER: 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 LANGENACKER
Largest movements
- Receivables within one year -€23,864
down €23,864 (-93.6%), from €25,500 to €1,636
of which Trade receivables: -€23,864
- Tangible fixed assets -€21,355
down €21,355 (-5.4%), from €393,440 to €372,085
of which Land and buildings: -€15,132
- Intangible fixed assets -€6,433
down €6,433 (-25.0%), from €25,732 to €19,299
- Cash -€5,636
down €5,636 (-22.6%), from €24,991 to €19,356
mainly Trade debts (-€30,630) and Other debts (-€13,582)
- Trade debts -€30,630
down €30,630 (-100%), from €30,630 to €0
- Other debts -€13,582
down €13,582 (-4.0%), from €338,159 to €324,577
- Current portion of long-term debt -€8,177
down €8,177 (-82.9%), from €9,868 to €1,691
- Profit (loss) carried forward -€5,233
down €5,233 (-10.2%), from €51,500 to €46,267
- Gross operating margin -€15,210
down €15,210 (-31.3%), from €48,525 to €33,316
- Financial income +€4,741
up €4,741 (+5,629%), from €84 to €4,825
- Other operating charges +€1,056
up €1,056 (+10.3%), from €10,206 to €11,262
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 | €479,597 | €420,278 | -€59,319 | -12.4% |
| Fixed assets | 21/28 | €419,172 | €391,384 | -€27,788 | -6.6% |
| Intangible fixed assets | 21 | €25,732 | €19,299 | -€6,433 | -25.0% |
| Tangible fixed assets | 22/27 | €393,440 | €372,085 | -€21,355 | -5.4% |
| Land and buildings | 22 | €335,222 | €320,090 | -€15,132 | -4.5% |
| Plant, machinery and equipment | 23 | €2,418 | €1,862 | -€555 | -23.0% |
| Furniture and vehicles | 24 | €20,931 | €15,264 | -€5,667 | -27.1% |
| Assets under construction and advance payments | 27 | €34,869 | €34,869 | = | 0.0% |
| Current assets | 29/58 | €60,425 | €28,894 | -€31,531 | -52.2% |
| Amounts receivable within one year | 40/41 | €25,500 | €1,636 | -€23,864 | -93.6% |
| Trade receivables | 40 | €25,500 | €1,636 | -€23,864 | -93.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €24,991 | €19,356 | -€5,636 | -22.6% |
| Deferred charges and accrued income | 490/1 | €9,934 | €7,903 | -€2,031 | -20.4% |
| Total equity and liabilities | 10/49 | €479,597 | €420,278 | -€59,319 | -12.4% |
| Equity | 10/15 | €99,013 | €93,779 | -€5,233 | -5.3% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €35,118 | €35,118 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,953 | €2,953 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,953 | €2,953 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,732 | €19,299 | -€6,433 | -25.0% |
| Distributable reserves | 133 | €6,433 | €12,866 | +€6,433 | +100% |
| Profit (loss) carried forward | 14 | €51,500 | €46,267 | -€5,233 | -10.2% |
| Amounts payable | 17/49 | €380,584 | €326,499 | -€54,086 | -14.2% |
| Amounts payable after more than one year | 17 | €1,691 | €0 | -€1,691 | -100% |
| Financial debts | 170/4 | €1,691 | €0 | -€1,691 | -100% |
| Amounts payable within one year | 42/48 | €378,893 | €326,499 | -€52,394 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €9,868 | €1,691 | -€8,177 | -82.9% |
| Trade debts | 44 | €30,630 | €0 | -€30,630 | -100% |
| Suppliers | 440/4 | €30,630 | €0 | -€30,630 | -100% |
| Taxes, remuneration and social security | 45 | €236 | €230 | -€6 | -2.4% |
| Taxes | 450/3 | €236 | €230 | -€6 | -2.4% |
| Other amounts payable | 47/48 | €338,159 | €324,577 | -€13,582 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,389 | €31,266 | -€124 | -0.4% |
| Other operating charges | 640/8 | €10,206 | €11,262 | +€1,056 | +10.3% |
| Gross operating margin | 9900 | €48,525 | €33,316 | -€15,210 | -31.3% |
| Operating profit (loss) | 9901 | €6,930 | -€9,212 | -€16,142 | |
| Financial income | 75/76B | €84 | €4,825 | +€4,741 | +5,629% |
| Recurring financial income | 75 | €84 | €4,825 | +€4,741 | +5,629% |
| Financial charges | 65/66B | €1,058 | €595 | -€463 | -43.8% |
| Recurring financial charges | 65 | €1,058 | €595 | -€463 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €5,957 | -€4,982 | -€10,938 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €260 | €252 | -€8 | -3.2% |
| Profit (loss) for the period | 9904 | €5,697 | -€5,233 | -€10,930 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €32,165 | €0 | -€32,165 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,468 | -€5,233 | +€21,235 | +80.2% |
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 15 October 2026 via checked.be.