VAN LENT: 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 LENT
Largest movements
- Receivables within one year +€293,939
up €293,939 (+80.6%), from €364,701 to €658,640
of which Trade receivables: +€327,629
- Financial fixed assets +€95,629
up €95,629 (+27.7%), from €344,709 to €440,338
- Cash +€43,098
up €43,098 (+963.8%), from €4,472 to €47,570
mainly Trade debts (+€213,781) and Debts after one year (+€158,122)
- Trade debts +€213,781
up €213,781 (+19.1%), from €1.1m to €1.3m
- Debts after one year +€158,122
up €158,122 (+204.5%), from €77,306 to €235,428
- Other debts +€58,111
up €58,111, from €0 to €58,111
- Gross operating margin +€4,740
up €4,740 (+9.9%), from €47,946 to €52,686
- Depreciation +€3,235
up €3,235 (+9.8%), from €33,052 to €36,287
- Financial charges +€2,683
up €2,683 (+62.9%), from €4,267 to €6,950
- Financial income -€2,470
down €2,470 (-89.8%), from €2,750 to €280
- Taxes -€1,663
down €1,663 (-26.3%), from €6,330 to €4,667
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 | €984,913 | €1,422,046 | +€437,133 | +44.4% |
| Fixed assets | 21/28 | €610,537 | €709,742 | +€99,205 | +16.2% |
| Tangible fixed assets | 22/27 | €265,828 | €269,405 | +€3,577 | +1.3% |
| Land and buildings | 22 | €257,493 | €261,787 | +€4,294 | +1.7% |
| Plant, machinery and equipment | 23 | €1,067 | €779 | -€289 | -27.0% |
| Furniture and vehicles | 24 | €6,894 | €6,465 | -€429 | -6.2% |
| Other tangible fixed assets | 26 | €373 | €373 | = | 0.0% |
| Financial fixed assets | 28 | €344,709 | €440,338 | +€95,629 | +27.7% |
| Current assets | 29/58 | €374,376 | €712,304 | +€337,928 | +90.3% |
| Amounts receivable within one year | 40/41 | €364,701 | €658,640 | +€293,939 | +80.6% |
| Trade receivables | 40 | €329,011 | €656,640 | +€327,629 | +99.6% |
| Other amounts receivable | 41 | €35,690 | €2,000 | -€33,690 | -94.4% |
| Cash at bank and in hand | 54/58 | €4,472 | €47,570 | +€43,098 | +963.8% |
| Deferred charges and accrued income | 490/1 | €5,204 | €6,094 | +€890 | +17.1% |
| Total equity and liabilities | 10/49 | €984,913 | €1,422,046 | +€437,133 | +44.4% |
| Equity | 10/15 | -€239,910 | -€238,342 | +€1,568 | +0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€308,110 | -€306,542 | +€1,568 | +0.5% |
| Amounts payable | 17/49 | €1,224,823 | €1,660,388 | +€435,565 | +35.6% |
| Amounts payable after more than one year | 17 | €77,306 | €235,428 | +€158,122 | +204.5% |
| Financial debts | 170/4 | €77,306 | €235,428 | +€158,122 | +204.5% |
| Amounts payable within one year | 42/48 | €1,147,517 | €1,423,565 | +€276,048 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €16,478 | €16,878 | +€400 | +2.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,116,678 | €1,330,458 | +€213,781 | +19.1% |
| Suppliers | 440/4 | €1,116,678 | €1,330,458 | +€213,781 | +19.1% |
| Taxes, remuneration and social security | 45 | €14,361 | €18,118 | +€3,756 | +26.2% |
| Taxes | 450/3 | €14,361 | €18,118 | +€3,756 | +26.2% |
| Other amounts payable | 47/48 | €0 | €58,111 | +€58,111 | |
| Accrued charges and deferred income | 492/3 | - | €1,395 | +€1,395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,052 | €36,287 | +€3,235 | +9.8% |
| Other operating charges | 640/8 | €4,326 | €3,495 | -€831 | -19.2% |
| Gross operating margin | 9900 | €47,946 | €52,686 | +€4,740 | +9.9% |
| Operating profit (loss) | 9901 | €10,568 | €12,904 | +€2,336 | +22.1% |
| Financial income | 75/76B | €2,750 | €280 | -€2,470 | -89.8% |
| Recurring financial income | 75 | €2,750 | €280 | -€2,470 | -89.8% |
| Financial charges | 65/66B | €4,267 | €6,950 | +€2,683 | +62.9% |
| Recurring financial charges | 65 | €4,267 | €6,950 | +€2,683 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €9,051 | €6,235 | -€2,817 | -31.1% |
| Income taxes | 67/77 | €6,330 | €4,667 | -€1,663 | -26.3% |
| Profit (loss) for the period | 9904 | €2,722 | €1,568 | -€1,154 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,722 | €1,568 | -€1,154 | -42.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.