VAN LEER P.: 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 LEER P.
Largest movements
- Receivables within one year -€31,450
down €31,450 (-18.4%), from €171,066 to €139,615
of which Other amounts receivable: -€34,159
- Cash -€30,409
down €30,409 (-56.3%), from €54,021 to €23,612
mainly Contributions, distributions and other (-€47,342) and Tax, wage and social debts (-€31,944)
- Receivables after one year -€10,490
no longer reported in 2025 (was €10,490)
- Deferred charges and accrued income +€8,526
up €8,526 (+10.5%), from €80,866 to €89,392
- Tangible fixed assets -€6,540
down €6,540 (-2.9%), from €222,169 to €215,630
of which Furniture and vehicles: -€5,649
- Tax, wage and social debts -€31,944
down €31,944 (-97.0%), from €32,944 to €1,000
- Current portion of long-term debt -€30,554
no longer reported in 2025 (was €30,554)
- Reserves -€5,805
down €5,805 (-1.4%), from €409,936 to €404,131
of which Distributable reserves: -€5,805
- Gross operating margin +€79,715
up €79,715 (+70.9%), from €112,508 to €192,223
- Taxes +€14,718
up €14,718 (+6079.3%), from €242 to €14,960
- Financial charges +€2,815
up €2,815 (+2.3%), from €123,795 to €126,610
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 | €550,613 | €480,250 | -€70,363 | -12.8% |
| Fixed assets | 21/28 | €222,169 | €215,630 | -€6,540 | -2.9% |
| Tangible fixed assets | 22/27 | €222,169 | €215,630 | -€6,540 | -2.9% |
| Land and buildings | 22 | €209,486 | €209,486 | = | 0.0% |
| Plant, machinery and equipment | 23 | €891 | €1 | -€891 | -99.9% |
| Furniture and vehicles | 24 | €11,792 | €6,143 | -€5,649 | -47.9% |
| Current assets | 29/58 | €328,444 | €264,620 | -€63,823 | -19.4% |
| Amounts receivable after more than one year | 29 | €10,490 | - | -€10,490 | |
| Other amounts receivable | 291 | €10,490 | - | -€10,490 | |
| Amounts receivable within one year | 40/41 | €171,066 | €139,615 | -€31,450 | -18.4% |
| Trade receivables | 40 | - | €2,709 | +€2,709 | |
| Other amounts receivable | 41 | €171,066 | €136,906 | -€34,159 | -20.0% |
| Current investments | 50/53 | €12,000 | €12,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,021 | €23,612 | -€30,409 | -56.3% |
| Deferred charges and accrued income | 490/1 | €80,866 | €89,392 | +€8,526 | +10.5% |
| Total equity and liabilities | 10/49 | €550,613 | €480,250 | -€70,363 | -12.8% |
| Equity | 10/15 | €484,647 | €478,842 | -€5,805 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €409,936 | €404,131 | -€5,805 | -1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €408,076 | €402,271 | -€5,805 | -1.4% |
| Profit (loss) carried forward | 14 | €56,111 | €56,111 | = | 0.0% |
| Amounts payable | 17/49 | €65,966 | €1,408 | -€64,558 | -97.9% |
| Amounts payable within one year | 42/48 | €65,966 | €1,000 | -€64,966 | -98.5% |
| Current portion of amounts payable after more than one year | 42 | €30,554 | - | -€30,554 | |
| Trade debts | 44 | €2,468 | - | -€2,468 | |
| Suppliers | 440/4 | €2,468 | - | -€2,468 | |
| Taxes, remuneration and social security | 45 | €32,944 | €1,000 | -€31,944 | -97.0% |
| Taxes | 450/3 | €32,944 | €1,000 | -€31,944 | -97.0% |
| Accrued charges and deferred income | 492/3 | - | €408 | +€408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,276 | €6,540 | -€1,736 | -21.0% |
| Other operating charges | 640/8 | €2,555 | €2,577 | +€22 | +0.9% |
| Gross operating margin | 9900 | €112,508 | €192,223 | +€79,715 | +70.9% |
| Operating profit (loss) | 9901 | €101,677 | €183,107 | +€81,430 | +80.1% |
| Financial charges | 65/66B | €123,795 | €126,610 | +€2,815 | +2.3% |
| Recurring financial charges | 65 | €123,795 | €126,610 | +€2,815 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,118 | €56,497 | +€78,615 | |
| Income taxes | 67/77 | €242 | €14,960 | +€14,718 | +6079.3% |
| Profit (loss) for the period | 9904 | -€22,360 | €41,537 | +€63,897 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,360 | €41,537 | +€63,897 |
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 9 October 2026 via checked.be.