VAN LOENHOUT: 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 LOENHOUT
Largest movements
- Tangible fixed assets -€21,859
down €21,859 (-17.6%), from €124,385 to €102,526
of which Land and buildings: -€12,623
- Receivables within one year +€12,946
up €12,946 (+19.5%), from €66,450 to €79,396
of which Other amounts receivable: +€12,852
- Deferred charges and accrued income +€3,921
up €3,921 (+433.2%), from €905 to €4,827
- Stocks and contracts +€2,262
up €2,262 (+74.5%), from €3,037 to €5,299
- Debts after one year -€39,022
down €39,022 (-62.2%), from €62,771 to €23,749
- Tax, wage and social debts +€14,988
up €14,988 (+182.1%), from €8,232 to €23,220
of which Taxes: +€9,677
- Trade debts +€9,826
up €9,826 (+142.5%), from €6,897 to €16,723
- Other debts +€6,444
up €6,444 (+6.4%), from €100,924 to €107,368
- Profit (loss) carried forward +€4,137
up €4,137 (+12.1%), from -€34,274 to -€30,137
- Gross operating margin -€17,479
down €17,479 (-14.2%), from €123,110 to €105,632
- Financial charges -€7,543
down €7,543 (-53.6%), from €14,070 to €6,527
- Other operating charges -€7,456
down €7,456 (-30.2%), from €24,657 to €17,201
- Staff costs +€2,724
up €2,724 (+6.0%), from €45,593 to €48,317
- Depreciation +€1,936
up €1,936 (+6.6%), from €29,132 to €31,068
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 | €200,769 | €198,753 | -€2,016 | -1.0% |
| Fixed assets | 21/28 | €124,385 | €102,526 | -€21,859 | -17.6% |
| Tangible fixed assets | 22/27 | €124,385 | €102,526 | -€21,859 | -17.6% |
| Land and buildings | 22 | €96,915 | €84,292 | -€12,623 | -13.0% |
| Plant, machinery and equipment | 23 | €4,808 | €3,126 | -€1,682 | -35.0% |
| Other tangible fixed assets | 26 | €22,662 | €15,108 | -€7,554 | -33.3% |
| Current assets | 29/58 | €76,384 | €96,227 | +€19,843 | +26.0% |
| Stocks and contracts in progress | 3 | €3,037 | €5,299 | +€2,262 | +74.5% |
| Stocks | 30/36 | €3,037 | €5,299 | +€2,262 | +74.5% |
| Amounts receivable within one year | 40/41 | €66,450 | €79,396 | +€12,946 | +19.5% |
| Trade receivables | 40 | €5,702 | €5,796 | +€94 | +1.7% |
| Other amounts receivable | 41 | €60,747 | €73,599 | +€12,852 | +21.2% |
| Cash at bank and in hand | 54/58 | €5,992 | €6,706 | +€714 | +11.9% |
| Deferred charges and accrued income | 490/1 | €905 | €4,827 | +€3,921 | +433.2% |
| Total equity and liabilities | 10/49 | €200,769 | €198,753 | -€2,016 | -1.0% |
| Equity | 10/15 | -€15,674 | -€11,537 | +€4,137 | +26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,274 | -€30,137 | +€4,137 | +12.1% |
| Amounts payable | 17/49 | €216,444 | €210,290 | -€6,154 | -2.8% |
| Amounts payable after more than one year | 17 | €62,771 | €23,749 | -€39,022 | -62.2% |
| Financial debts | 170/4 | €62,771 | €23,749 | -€39,022 | -62.2% |
| Amounts payable within one year | 42/48 | €153,039 | €186,334 | +€33,295 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €36,985 | €39,022 | +€2,037 | +5.5% |
| Trade debts | 44 | €6,897 | €16,723 | +€9,826 | +142.5% |
| Suppliers | 440/4 | €6,897 | €16,723 | +€9,826 | +142.5% |
| Taxes, remuneration and social security | 45 | €8,232 | €23,220 | +€14,988 | +182.1% |
| Taxes | 450/3 | €1,696 | €11,373 | +€9,677 | +570.7% |
| Remuneration and social security | 454/9 | €6,536 | €11,847 | +€5,311 | +81.3% |
| Other amounts payable | 47/48 | €100,924 | €107,368 | +€6,444 | +6.4% |
| Accrued charges and deferred income | 492/3 | €634 | €208 | -€427 | -67.3% |
| Remuneration, social security and pensions | 62 | €45,593 | €48,317 | +€2,724 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,132 | €31,068 | +€1,936 | +6.6% |
| Other operating charges | 640/8 | €24,657 | €17,201 | -€7,456 | -30.2% |
| Gross operating margin | 9900 | €123,110 | €105,632 | -€17,479 | -14.2% |
| Operating profit (loss) | 9901 | €23,728 | €9,045 | -€14,683 | -61.9% |
| Financial income | 75/76B | €3,403 | €3,595 | +€192 | +5.6% |
| Recurring financial income | 75 | €3,403 | €3,595 | +€192 | +5.6% |
| Financial charges | 65/66B | €14,070 | €6,527 | -€7,543 | -53.6% |
| Recurring financial charges | 65 | €14,070 | €6,527 | -€7,543 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €13,061 | €6,114 | -€6,947 | -53.2% |
| Income taxes | 67/77 | €271 | €1,976 | +€1,706 | +630.1% |
| Profit (loss) for the period | 9904 | €12,790 | €4,137 | -€8,653 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,790 | €4,137 | -€8,653 | -67.7% |
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 7 October 2026 via checked.be.