VAN LITSENBURGH: 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 LITSENBURGH
Largest movements
- Tangible fixed assets +€24,260
up €24,260 (+94.0%), from €25,813 to €50,073
of which Furniture and vehicles: +€28,377
- Cash +€10,514
up €10,514 (+123%), from €8,576 to €19,090
mainly Debts after one year (+€24,911) and Depreciation (+€17,394)
- Stocks and contracts -€8,792
down €8,792 (-100%), from €8,792 to €0
- Receivables within one year -€1,405
down €1,405 (-6.5%), from €21,667 to €20,262
of which Trade receivables: -€7,911
- Debts after one year +€24,911
up €24,911 (+2,499%), from €997 to €25,908
- Reserves +€3,179
up €3,179 (+8.8%), from €36,007 to €39,186
of which Distributable reserves: +€3,179
- Current portion of long-term debt -€2,871
down €2,871 (-23.6%), from €12,154 to €9,283
- Gross operating margin +€7,086
up €7,086 (+40.8%), from €17,363 to €24,449
- Depreciation +€3,642
up €3,642 (+26.5%), from €13,752 to €17,394
- Taxes -€1,523
down €1,523 (-61.2%), from €2,486 to €964
- Other operating charges +€772
up €772 (+78.1%), from €989 to €1,762
- Financial charges +€715
up €715 (+47.8%), from €1,497 to €2,212
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 | €66,103 | €90,464 | +€24,361 | +36.9% |
| Fixed assets | 21/28 | €25,813 | €50,073 | +€24,260 | +94.0% |
| Tangible fixed assets | 22/27 | €25,813 | €50,073 | +€24,260 | +94.0% |
| Plant, machinery and equipment | 23 | €10,807 | €7,015 | -€3,792 | -35.1% |
| Furniture and vehicles | 24 | €13,438 | €41,815 | +€28,377 | +211% |
| Other tangible fixed assets | 26 | €1,568 | €1,242 | -€326 | -20.8% |
| Current assets | 29/58 | €40,291 | €40,392 | +€101 | +0.3% |
| Stocks and contracts in progress | 3 | €8,792 | €0 | -€8,792 | -100% |
| Contracts in progress | 37 | €8,792 | €0 | -€8,792 | -100% |
| Amounts receivable within one year | 40/41 | €21,667 | €20,262 | -€1,405 | -6.5% |
| Trade receivables | 40 | €9,336 | €1,425 | -€7,911 | -84.7% |
| Other amounts receivable | 41 | €12,331 | €18,837 | +€6,506 | +52.8% |
| Cash at bank and in hand | 54/58 | €8,576 | €19,090 | +€10,514 | +123% |
| Deferred charges and accrued income | 490/1 | €1,256 | €1,039 | -€216 | -17.2% |
| Total equity and liabilities | 10/49 | €66,103 | €90,464 | +€24,361 | +36.9% |
| Equity | 10/15 | €47,954 | €51,133 | +€3,179 | +6.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,007 | €39,186 | +€3,179 | +8.8% |
| Non-distributable reserves | 130/1 | €907 | €907 | = | 0.0% |
| Reserves not available under the articles | 1311 | €907 | €0 | -€907 | -100% |
| Other | 1319 | - | €907 | +€907 | |
| Distributable reserves | 133 | €35,100 | €38,279 | +€3,179 | +9.1% |
| Profit (loss) carried forward | 14 | -€452 | -€452 | = | 0.0% |
| Amounts payable | 17/49 | €18,149 | €39,331 | +€21,182 | +117% |
| Amounts payable after more than one year | 17 | €997 | €25,908 | +€24,911 | +2,499% |
| Financial debts | 170/4 | €997 | €25,908 | +€24,911 | +2,499% |
| Amounts payable within one year | 42/48 | €17,045 | €13,313 | -€3,731 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €12,154 | €9,283 | -€2,871 | -23.6% |
| Trade debts | 44 | €815 | €821 | +€5 | +0.6% |
| Suppliers | 440/4 | €815 | €821 | +€5 | +0.6% |
| Taxes, remuneration and social security | 45 | €4,076 | €3,209 | -€866 | -21.3% |
| Taxes | 450/3 | €4,076 | €3,209 | -€866 | -21.3% |
| Accrued charges and deferred income | 492/3 | €107 | €110 | +€2 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,752 | €17,394 | +€3,642 | +26.5% |
| Other operating charges | 640/8 | €989 | €1,762 | +€772 | +78.1% |
| Gross operating margin | 9900 | €17,363 | €24,449 | +€7,086 | +40.8% |
| Operating profit (loss) | 9901 | €2,621 | €5,293 | +€2,672 | +102% |
| Financial income | 75/76B | €877 | €1,061 | +€184 | +21.0% |
| Recurring financial income | 75 | €877 | €1,061 | +€184 | +21.0% |
| Financial charges | 65/66B | €1,497 | €2,212 | +€715 | +47.8% |
| Recurring financial charges | 65 | €1,497 | €2,212 | +€715 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €2,002 | €4,143 | +€2,141 | +107% |
| Income taxes | 67/77 | €2,486 | €964 | -€1,523 | -61.2% |
| Profit (loss) for the period | 9904 | -€484 | €3,179 | +€3,664 | |
| Profit (loss) for the period to be appropriated | 9905 | -€484 | €3,179 | +€3,664 |
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 16 October 2026 via checked.be.