VAN LOO KURT: 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 LOO KURT
Largest movements
- Current investments +€30,267
up €30,267 (+12.5%), from €241,813 to €272,079
- Tangible fixed assets -€11,877
down €11,877 (-23.8%), from €49,955 to €38,078
of which Furniture and vehicles: -€10,966
- Stocks and contracts -€4,799
down €4,799 (-36.1%), from €13,299 to €8,500
of which Contracts in progress: -€6,299
- Reserves +€19,490
up €19,490 (+6.5%), from €301,305 to €320,795
- Debts after one year -€8,197
down €8,197 (-53.3%), from €15,386 to €7,189
- Trade debts +€5,929
up €5,929 (+1042.6%), from €569 to €6,498
- Gross operating margin -€10,729
down €10,729 (-11.8%), from €90,722 to €79,992
- Taxes -€5,825
down €5,825 (-21.8%), from €26,767 to €20,942
- Depreciation +€3,883
up €3,883 (+48.6%), from €7,994 to €11,877
- Financial income -€2,687
down €2,687 (-45.5%), from €5,911 to €3,223
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 | €337,089 | €354,566 | +€17,477 | +5.2% |
| Fixed assets | 21/28 | €49,955 | €38,078 | -€11,877 | -23.8% |
| Tangible fixed assets | 22/27 | €49,955 | €38,078 | -€11,877 | -23.8% |
| Plant, machinery and equipment | 23 | €2,458 | €1,547 | -€911 | -37.1% |
| Furniture and vehicles | 24 | €47,497 | €36,531 | -€10,966 | -23.1% |
| Current assets | 29/58 | €287,134 | €316,488 | +€29,354 | +10.2% |
| Stocks and contracts in progress | 3 | €13,299 | €8,500 | -€4,799 | -36.1% |
| Stocks | 30/36 | €7,000 | €8,500 | +€1,500 | +21.4% |
| Contracts in progress | 37 | €6,299 | €0 | -€6,299 | -100.0% |
| Amounts receivable within one year | 40/41 | €24,864 | €28,406 | +€3,542 | +14.2% |
| Trade receivables | 40 | €24,225 | €22,097 | -€2,128 | -8.8% |
| Other amounts receivable | 41 | €639 | €6,309 | +€5,671 | +887.9% |
| Current investments | 50/53 | €241,813 | €272,079 | +€30,267 | +12.5% |
| Cash at bank and in hand | 54/58 | €4,149 | €4,493 | +€344 | +8.3% |
| Deferred charges and accrued income | 490/1 | €3,010 | €3,010 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €337,089 | €354,566 | +€17,477 | +5.2% |
| Equity | 10/15 | €307,839 | €327,329 | +€19,490 | +6.3% |
| Contributions | 10/11 | €6,533 | €6,533 | = | 0.0% |
| Reserves | 13 | €301,305 | €320,795 | +€19,490 | +6.5% |
| Distributable reserves | 133 | €301,305 | €320,795 | +€19,490 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,250 | €27,237 | -€2,013 | -6.9% |
| Amounts payable after more than one year | 17 | €15,386 | €7,189 | -€8,197 | -53.3% |
| Financial debts | 170/4 | €15,386 | €7,189 | -€8,197 | -53.3% |
| Amounts payable within one year | 42/48 | €13,864 | €20,049 | +€6,184 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €8,000 | = | 0.0% |
| Trade debts | 44 | €569 | €6,498 | +€5,929 | +1042.6% |
| Suppliers | 440/4 | €569 | €6,498 | +€5,929 | +1042.6% |
| Taxes, remuneration and social security | 45 | €139 | €110 | -€29 | -21.1% |
| Taxes | 450/3 | €139 | €110 | -€29 | -21.1% |
| Other amounts payable | 47/48 | €5,157 | €5,441 | +€284 | +5.5% |
| Non-recurring operating income | 76A | €400 | €0 | -€400 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,994 | €11,877 | +€3,883 | +48.6% |
| Other operating charges | 640/8 | €1,314 | €1,292 | -€22 | -1.7% |
| Gross operating margin | 9900 | €90,722 | €79,992 | -€10,729 | -11.8% |
| Operating profit (loss) | 9901 | €81,414 | €66,823 | -€14,591 | -17.9% |
| Financial income | 75/76B | €5,911 | €3,223 | -€2,687 | -45.5% |
| Recurring financial income | 75 | €5,911 | €3,223 | -€2,687 | -45.5% |
| Financial charges | 65/66B | €1,426 | €1,820 | +€393 | +27.6% |
| Recurring financial charges | 65 | €1,426 | €1,820 | +€393 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €85,898 | €68,227 | -€17,671 | -20.6% |
| Income taxes | 67/77 | €26,767 | €20,942 | -€5,825 | -21.8% |
| Profit (loss) for the period | 9904 | €59,132 | €47,285 | -€11,847 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,132 | €47,285 | -€11,847 | -20.0% |
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 9 October 2026 via checked.be.