VAN LENT: 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 LENT
Largest movements
- Tangible fixed assets -€29,502
down €29,502 (-3.3%), from €902,301 to €872,800
of which Land and buildings: -€33,539
- Debts after one year -€83,696
down €83,696 (-11.5%), from €729,136 to €645,440
- Reserves +€37,214
up €37,214 (+6.0%), from €625,221 to €662,435
- Other debts +€32,754
new in 2025: €32,754
- Current portion of long-term debt -€20,804
down €20,804 (-19.9%), from €104,500 to €83,696
- Gross operating margin -€21,511
down €21,511 (-33.9%), from €63,526 to €42,016
- Financial income +€11,790
up €11,790 (+17.0%), from €69,461 to €81,251
- Financial charges -€2,841
down €2,841 (-10.0%), from €28,392 to €25,550
- Other operating charges -€1,356
down €1,356 (-28.1%), from €4,819 to €3,463
- Depreciation +€705
up €705 (+1.3%), from €56,334 to €57,039
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 | €1,485,840 | €1,458,117 | -€27,723 | -1.9% |
| Fixed assets | 21/28 | €1,366,681 | €1,337,180 | -€29,502 | -2.2% |
| Tangible fixed assets | 22/27 | €902,301 | €872,800 | -€29,502 | -3.3% |
| Land and buildings | 22 | €901,524 | €867,985 | -€33,539 | -3.7% |
| Plant, machinery and equipment | 23 | €778 | €4,815 | +€4,037 | +519.2% |
| Financial fixed assets | 28 | €464,380 | €464,380 | = | 0.0% |
| Current assets | 29/58 | €119,159 | €120,937 | +€1,778 | +1.5% |
| Amounts receivable within one year | 40/41 | €99,544 | €106,922 | +€7,378 | +7.4% |
| Trade receivables | 40 | €53,676 | €100,500 | +€46,824 | +87.2% |
| Other amounts receivable | 41 | €45,868 | €6,422 | -€39,446 | -86.0% |
| Cash at bank and in hand | 54/58 | €17,142 | €11,433 | -€5,709 | -33.3% |
| Deferred charges and accrued income | 490/1 | €2,473 | €2,582 | +€110 | +4.4% |
| Total equity and liabilities | 10/49 | €1,485,840 | €1,458,117 | -€27,723 | -1.9% |
| Equity | 10/15 | €643,821 | €681,035 | +€37,214 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €625,221 | €662,435 | +€37,214 | +6.0% |
| Distributable reserves | 133 | €625,221 | €662,435 | +€37,214 | +6.0% |
| Amounts payable | 17/49 | €842,020 | €777,082 | -€64,938 | -7.7% |
| Amounts payable after more than one year | 17 | €729,136 | €645,440 | -€83,696 | -11.5% |
| Financial debts | 170/4 | €729,136 | €645,440 | -€83,696 | -11.5% |
| Amounts payable within one year | 42/48 | €112,883 | €131,642 | +€18,758 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €104,500 | €83,696 | -€20,804 | -19.9% |
| Trade debts | 44 | €1,911 | €208 | -€1,704 | -89.1% |
| Suppliers | 440/4 | €1,911 | €208 | -€1,704 | -89.1% |
| Taxes, remuneration and social security | 45 | €6,472 | €14,984 | +€8,512 | +131.5% |
| Taxes | 450/3 | €2,172 | €9,784 | +€7,612 | +350.5% |
| Remuneration and social security | 454/9 | €4,300 | €5,200 | +€900 | +20.9% |
| Other amounts payable | 47/48 | - | €32,754 | +€32,754 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,334 | €57,039 | +€705 | +1.3% |
| Other operating charges | 640/8 | €4,819 | €3,463 | -€1,356 | -28.1% |
| Gross operating margin | 9900 | €63,526 | €42,016 | -€21,511 | -33.9% |
| Operating profit (loss) | 9901 | €2,374 | -€18,486 | -€20,860 | |
| Financial income | 75/76B | €69,461 | €81,251 | +€11,790 | +17.0% |
| Recurring financial income | 75 | €69,461 | €81,251 | +€11,790 | +17.0% |
| Financial charges | 65/66B | €28,392 | €25,550 | -€2,841 | -10.0% |
| Recurring financial charges | 65 | €28,392 | €25,550 | -€2,841 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €43,443 | €37,214 | -€6,228 | -14.3% |
| Profit (loss) for the period | 9904 | €43,443 | €37,214 | -€6,228 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,443 | €37,214 | -€6,228 | -14.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.