VAN LONDERSELE: 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.
What changed
VAN LONDERSELE
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€505,962
2024 · €434,480+€71,483
Equity
€6.1m
2024 · €5.7m+€420,962
Cash
€259,244
2024 · €93,303+€165,941
Balance sheet total
€8.2m
2024 · €8.4m-€197,691
Largest movements
Assets
- Tangible fixed assets -€234,617
down €234,617 (-3.1%), from €7.5m to €7.2m
of which Furniture and vehicles: -€164,094
- Cash +€165,941
up €165,941 (+178%), from €93,303 to €259,244
mainly Net result for the year (+€505,962) and Depreciation (+€222,798)
- Receivables within one year -€145,340
down €145,340 (-70.7%), from €205,661 to €60,321
of which Trade receivables: -€149,598
Equity and liabilities
- Debts after one year -€466,124
down €466,124 (-24.3%), from €1.9m to €1.5m
- Reserves +€420,962
up €420,962 (+9.4%), from €4.5m to €4.9m
of which Distributable reserves: +€420,962
Income statement
- Financial income +€106,564
up €106,564 (+19.3%), from €551,898 to €658,462
- Financial charges -€10,191
down €10,191 (-12.9%), from €78,745 to €68,554
- Staff costs +€5,175
up €5,175 (+3.5%), from €146,719 to €151,894
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.
Result 2024
€434,480
Gross operating margin
-€820
Staff costs
-€5,175
Depreciation
-€2,602
Other operating charges
-€561
Other operating items
-€37,000
Financial income
+€106,564
Financial charges
+€10,191
Taxes
+€885
Result 2025
€505,962
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€776,492
Investment
+€11,819
Financing
-€622,370
Cash 2024
€93,303
From operations (derived)
+€776,492
Net result for the year
+€505,962
Depreciation
+€222,798
Receivables within one year
+€145,340
Deferred charges and accrued income
-€16,324
Trade debts
-€71,412
Tax, wage and social debts
-€9,527
Accrued charges and deferred income
-€345
Investment (derived)
+€11,819
Investment in fixed assets (net)
+€11,819
Financing
-€622,370
Debts after one year
-€466,124
Current portion of long-term debt
-€71,246
Contributions, distributions and other
-€85,000
Cash 2025
€259,244
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,398,897 | €8,201,206 | -€197,691 | -2.4% |
| Fixed assets | 21/28 | €8,097,045 | €7,862,428 | -€234,617 | -2.9% |
| Tangible fixed assets | 22/27 | €7,469,311 | €7,234,694 | -€234,617 | -3.1% |
| Land and buildings | 22 | €6,251,474 | €6,197,056 | -€54,418 | -0.9% |
| Plant, machinery and equipment | 23 | €21,757 | €24,824 | +€3,067 | +14.1% |
| Furniture and vehicles | 24 | €239,498 | €75,404 | -€164,094 | -68.5% |
| Other tangible fixed assets | 26 | €956,582 | €937,410 | -€19,171 | -2.0% |
| Financial fixed assets | 28 | €627,734 | €627,734 | = | 0.0% |
| Current assets | 29/58 | €301,853 | €338,778 | +€36,925 | +12.2% |
| Amounts receivable within one year | 40/41 | €205,661 | €60,321 | -€145,340 | -70.7% |
| Trade receivables | 40 | €201,949 | €52,351 | -€149,598 | -74.1% |
| Other amounts receivable | 41 | €3,712 | €7,970 | +€4,258 | +115% |
| Cash at bank and in hand | 54/58 | €93,303 | €259,244 | +€165,941 | +178% |
| Deferred charges and accrued income | 490/1 | €2,889 | €19,213 | +€16,324 | +565% |
| Total equity and liabilities | 10/49 | €8,398,897 | €8,201,206 | -€197,691 | -2.4% |
| Equity | 10/15 | €5,705,238 | €6,126,201 | +€420,962 | +7.4% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €4,455,238 | €4,876,201 | +€420,962 | +9.4% |
| Non-distributable reserves | 130/1 | €125,000 | €125,000 | = | 0.0% |
| Legal reserve | 130 | €125,000 | €125,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €516 | €516 | = | 0.0% |
| Distributable reserves | 133 | €4,329,723 | €4,750,685 | +€420,962 | +9.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €55,726 | €55,726 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €55,726 | €55,726 | = | 0.0% |
| Pensions and similar obligations | 160 | €55,726 | €55,726 | = | 0.0% |
| Amounts payable | 17/49 | €2,637,933 | €2,019,279 | -€618,654 | -23.5% |
| Amounts payable after more than one year | 17 | €1,918,381 | €1,452,257 | -€466,124 | -24.3% |
| Financial debts | 170/4 | €1,918,381 | €1,452,257 | -€466,124 | -24.3% |
| Amounts payable within one year | 42/48 | €716,021 | €563,837 | -€152,185 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €459,750 | €388,505 | -€71,246 | -15.5% |
| Trade debts | 44 | €73,306 | €1,895 | -€71,412 | -97.4% |
| Suppliers | 440/4 | €73,306 | €1,895 | -€71,412 | -97.4% |
| Taxes, remuneration and social security | 45 | €97,964 | €88,437 | -€9,527 | -9.7% |
| Taxes | 450/3 | €59,952 | €49,808 | -€10,144 | -16.9% |
| Remuneration and social security | 454/9 | €38,012 | €38,629 | +€617 | +1.6% |
| Other amounts payable | 47/48 | €85,000 | €85,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,531 | €3,185 | -€345 | -9.8% |
| Non-recurring operating income | 76A | €2,670 | €0 | -€2,670 | -100% |
| Remuneration, social security and pensions | 62 | €146,719 | €151,894 | +€5,175 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,196 | €222,798 | +€2,602 | +1.2% |
| Other operating charges | 640/8 | €9,512 | €10,072 | +€561 | +5.9% |
| Non-recurring operating charges | 66A | €0 | €37,000 | +€37,000 | |
| Gross operating margin | 9900 | €338,668 | €337,848 | -€820 | -0.2% |
| Operating profit (loss) | 9901 | -€37,758 | -€83,916 | -€46,157 | -122% |
| Financial income | 75/76B | €551,898 | €658,462 | +€106,564 | +19.3% |
| Recurring financial income | 75 | €551,898 | €658,462 | +€106,564 | +19.3% |
| Financial charges | 65/66B | €78,745 | €68,554 | -€10,191 | -12.9% |
| Recurring financial charges | 65 | €78,745 | €68,554 | -€10,191 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €435,395 | €505,992 | +€70,598 | +16.2% |
| Income taxes | 67/77 | €915 | €30 | -€885 | -96.7% |
| Profit (loss) for the period | 9904 | €434,480 | €505,962 | +€71,483 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €434,480 | €505,962 | +€71,483 | +16.5% |
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 30 October 2026 via checked.be.