Van Lee Industries: what changed
Two fiscal 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 Lee Industries
Largest movements
- Cash +€9,060
up €9,060 (+86.9%), from €10,423 to €19,484
mainly Depreciation (+€7,317) and Net result for the year (+€5,812)
- Tangible fixed assets -€5,060
down €5,060 (-19.3%), from €26,266 to €21,205
- Receivables within one year -€1,238
down €1,238 (-12.3%), from €10,073 to €8,835
of which Trade receivables: -€1,905
- Reserves +€5,812
up €5,812 (+39.0%), from €14,905 to €20,717
- Other debts -€3,000
down €3,000 (-15.8%), from €18,999 to €15,999
- Tax, wage and social debts +€1,852
up €1,852 (+22.7%), from €8,151 to €10,003
- Trade debts -€1,708
no longer reported in 2025 (was €1,708)
- Gross operating margin -€1,904
down €1,904 (-10.7%), from €17,813 to €15,909
- Taxes -€788
down €788 (-27.1%), from €2,911 to €2,123
- Depreciation +€609
up €609 (+9.1%), from €6,708 to €7,317
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.
Cash bridge derived
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 | €46,762 | €49,719 | +€2,957 | +6.3% |
| Fixed assets | 21/28 | €26,266 | €21,205 | -€5,060 | -19.3% |
| Tangible fixed assets | 22/27 | €26,266 | €21,205 | -€5,060 | -19.3% |
| Plant, machinery and equipment | 23 | €26,266 | €21,205 | -€5,060 | -19.3% |
| Current assets | 29/58 | €20,496 | €28,514 | +€8,017 | +39.1% |
| Amounts receivable within one year | 40/41 | €10,073 | €8,835 | -€1,238 | -12.3% |
| Trade receivables | 40 | €9,891 | €7,986 | -€1,905 | -19.3% |
| Other amounts receivable | 41 | €182 | €849 | +€667 | +365.6% |
| Cash at bank and in hand | 54/58 | €10,423 | €19,484 | +€9,060 | +86.9% |
| Deferred charges and accrued income | 490/1 | - | €195 | +€195 | |
| Total equity and liabilities | 10/49 | €46,762 | €49,719 | +€2,957 | +6.3% |
| Equity | 10/15 | €17,905 | €23,717 | +€5,812 | +32.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,905 | €20,717 | +€5,812 | +39.0% |
| Distributable reserves | 133 | €14,905 | €20,717 | +€5,812 | +39.0% |
| Amounts payable | 17/49 | €28,857 | €26,002 | -€2,855 | -9.9% |
| Amounts payable within one year | 42/48 | €28,857 | €26,002 | -€2,855 | -9.9% |
| Trade debts | 44 | €1,708 | - | -€1,708 | |
| Suppliers | 440/4 | €1,708 | - | -€1,708 | |
| Taxes, remuneration and social security | 45 | €8,151 | €10,003 | +€1,852 | +22.7% |
| Taxes | 450/3 | €8,151 | €10,003 | +€1,852 | +22.7% |
| Other amounts payable | 47/48 | €18,999 | €15,999 | -€3,000 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,708 | €7,317 | +€609 | +9.1% |
| Other operating charges | 640/8 | €387 | €562 | +€174 | +45.0% |
| Gross operating margin | 9900 | €17,813 | €15,909 | -€1,904 | -10.7% |
| Operating profit (loss) | 9901 | €10,717 | €8,030 | -€2,687 | -25.1% |
| Financial charges | 65/66B | €44 | €95 | +€51 | +117.5% |
| Recurring financial charges | 65 | €44 | €95 | +€51 | +117.5% |
| Profit (loss) for the period before taxes | 9903 | €10,674 | €7,935 | -€2,738 | -25.7% |
| Income taxes | 67/77 | €2,911 | €2,123 | -€788 | -27.1% |
| Profit (loss) for the period | 9904 | €7,763 | €5,812 | -€1,950 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,763 | €5,812 | -€1,950 | -25.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.