VAN LOO PROJECTS: 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.
What changed
VAN LOO PROJECTS
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
€1.1m
2024 · €3.0m-€1.9m
Equity
€6.9m
2024 · €5.8m+€1.1m
Cash
€1.6m
2024 · €1.5m+€75,655
Balance sheet total
€20.8m
2024 · €17.2m+€3.6m
Largest movements
Assets
- Receivables within one year +€2.8m
up €2.8m (+27.4%), from €10.3m to €13.1m
of which Other amounts receivable: +€4.6m
- Stocks and contracts +€520,136
up €520,136 (+42.6%), from €1.2m to €1.7m
- Deferred charges and accrued income +€308,950
up €308,950 (+5875.5%), from €5,258 to €314,208
Equity and liabilities
- Short-term financial debts +€2.2m
up €2.2m (+476.1%), from €456,000 to €2.6m
- Trade debts +€718,988
up €718,988 (+11.1%), from €6.5m to €7.2m
- Current portion of long-term debt -€706,391
down €706,391 (-38.5%), from €1.8m to €1.1m
- Profit (loss) carried forward +€559,634
up €559,634 (+10.1%), from €5.6m to €6.1m
- Reserves +€555,720
up €555,720 (+385.6%), from €144,127 to €699,847
of which Tax-exempt reserves: +€555,720
Income statement
- Goods and materials +€10.2m
up €10.2m (+50.2%), from €20.2m to €30.4m
- Turnover +€9.7m
up €9.7m (+27.8%), from €35.0m to €44.7m
- Services and other goods +€1.9m
up €1.9m (+42.5%), from €4.5m to €6.4m
- Depreciation +€1.1m
up €1.1m (+66.8%), from €1.7m to €2.8m
- Taxes -€612,876
down €612,876 (-61.3%), from €999,656 to €386,780
of which Taxes: -€613,220
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
€3.0m
Turnover
+€9.7m
Other operating income
+€288,717
Goods and materials
-€10.2m
Services and other goods
-€1.9m
Staff costs
-€288,161
Depreciation
-€1.1m
Write-downs
+€101,750
Other operating charges
-€112,106
Other operating items
+€1.0m
Financial income
+€36,884
Financial charges
-€111,662
Taxes
+€612,876
Result 2025
€1.1m
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,196,416 | €20,781,194 | +€3.6m | +20.8% |
| Fixed assets | 21/28 | €4,177,158 | €4,043,611 | -€133,547 | -3.2% |
| Tangible fixed assets | 22/27 | €4,176,213 | €4,042,666 | -€133,547 | -3.2% |
| Land and buildings | 22 | €1,125 | €373 | -€752 | -66.8% |
| Plant, machinery and equipment | 23 | €598,855 | €729,066 | +€130,211 | +21.7% |
| Furniture and vehicles | 24 | €208,058 | €127,463 | -€80,595 | -38.7% |
| Leasing and similar rights | 25 | €3,326,385 | €3,029,104 | -€297,280 | -8.9% |
| Assets under construction and advance payments | 27 | €41,790 | €156,659 | +€114,869 | +274.9% |
| Financial fixed assets | 28 | €945 | €945 | = | 0.0% |
| Other financial fixed assets | 284/8 | €945 | €945 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €945 | €945 | = | 0.0% |
| Current assets | 29/58 | €13,019,258 | €16,737,583 | +€3.7m | +28.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,219,971 | €1,740,108 | +€520,136 | +42.6% |
| Contracts in progress | 37 | €1,219,971 | €1,740,108 | +€520,136 | +42.6% |
| Amounts receivable within one year | 40/41 | €10,259,873 | €13,073,458 | +€2.8m | +27.4% |
| Trade receivables | 40 | €9,620,007 | €7,820,048 | -€1.8m | -18.7% |
| Other amounts receivable | 41 | €639,867 | €5,253,410 | +€4.6m | +721.0% |
| Cash at bank and in hand | 54/58 | €1,534,155 | €1,609,810 | +€75,655 | +4.9% |
| Deferred charges and accrued income | 490/1 | €5,258 | €314,208 | +€308,950 | +5875.5% |
| Total equity and liabilities | 10/49 | €17,196,416 | €20,781,194 | +€3.6m | +20.8% |
| Equity | 10/15 | €5,770,439 | €6,885,793 | +€1.1m | +19.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €144,127 | €699,847 | +€555,720 | +385.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €102,000 | €657,720 | +€555,720 | +544.8% |
| Distributable reserves | 133 | €35,927 | €35,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,564,311 | €6,123,945 | +€559,634 | +10.1% |
| Amounts payable | 17/49 | €11,425,977 | €13,895,401 | +€2.5m | +21.6% |
| Amounts payable after more than one year | 17 | €1,625,353 | €1,976,631 | +€351,277 | +21.6% |
| Financial debts | 170/4 | €1,625,353 | €1,976,631 | +€351,277 | +21.6% |
| Leasing and similar obligations | 172 | €1,625,353 | €1,976,631 | +€351,277 | +21.6% |
| Amounts payable within one year | 42/48 | €9,153,624 | €11,271,771 | +€2.1m | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €1,832,757 | €1,126,366 | -€706,391 | -38.5% |
| Financial debts | 43 | €456,000 | €2,627,000 | +€2.2m | +476.1% |
| Credit institutions | 430/8 | €456,000 | €2,627,000 | +€2.2m | +476.1% |
| Trade debts | 44 | €6,476,524 | €7,195,513 | +€718,988 | +11.1% |
| Suppliers | 440/4 | €6,476,524 | €7,195,513 | +€718,988 | +11.1% |
| Taxes, remuneration and social security | 45 | €388,343 | €190,892 | -€197,451 | -50.8% |
| Taxes | 450/3 | €125,320 | €33,727 | -€91,593 | -73.1% |
| Remuneration and social security | 454/9 | €263,023 | €157,165 | -€105,858 | -40.2% |
| Other amounts payable | 47/48 | €0 | €132,000 | +€132,000 | |
| Accrued charges and deferred income | 492/3 | €647,000 | €647,000 | = | 0.0% |
| Operating income | 70/76A | €34,964,423 | €45,961,938 | +€11.0m | +31.5% |
| Turnover | 70 | €34,954,339 | €44,659,236 | +€9.7m | +27.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€216,811 | €520,136 | +€736,948 | |
| Other operating income | 74 | €177,395 | €466,113 | +€288,717 | +162.8% |
| Non-recurring operating income | 76A | €49,500 | €316,453 | +€266,953 | +539.3% |
| Operating charges | 60/66A | €30,881,867 | €44,345,173 | +€13.5m | +43.6% |
| Goods for resale, raw materials and consumables | 60 | €20,215,915 | €30,366,226 | +€10.2m | +50.2% |
| Purchases | 600/8 | €20,215,915 | €30,366,226 | +€10.2m | +50.2% |
| Services and other goods | 61 | €4,481,345 | €6,387,627 | +€1.9m | +42.5% |
| Remuneration, social security and pensions | 62 | €4,457,418 | €4,745,579 | +€288,161 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,658,831 | €2,767,027 | +€1.1m | +66.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€101,750 | -€101,750 | |
| Other operating charges | 640/8 | €68,358 | €180,464 | +€112,106 | +164.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €4,082,556 | €1,616,765 | -€2.5m | -60.4% |
| Financial income | 75/76B | €76,076 | €112,960 | +€36,884 | +48.5% |
| Recurring financial income | 75 | €76,076 | €112,960 | +€36,884 | +48.5% |
| Income from current assets | 751 | €75,482 | €111,689 | +€36,208 | +48.0% |
| Other financial income | 752/9 | €594 | €1,270 | +€677 | +113.9% |
| Financial charges | 65/66B | €115,929 | €227,591 | +€111,662 | +96.3% |
| Recurring financial charges | 65 | €115,929 | €227,591 | +€111,662 | +96.3% |
| Debt charges | 650 | €85,089 | €176,573 | +€91,484 | +107.5% |
| Other financial charges | 652/9 | €30,840 | €51,018 | +€20,178 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | €4,042,702 | €1,502,134 | -€2.5m | -62.8% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €999,656 | €386,780 | -€612,876 | -61.3% |
| Taxes | 670/3 | €1,000,000 | €386,780 | -€613,220 | -61.3% |
| Tax adjustments and reversals of tax provisions | 77 | €344 | €0 | -€344 | -100.0% |
| Profit (loss) for the period | 9904 | €3,043,047 | €1,115,354 | -€1.9m | -63.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | - | €555,720 | +€555,720 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,043,047 | €559,634 | -€2.5m | -81.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.