VAN LOOCK PROJECT: 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 LOOCK PROJECT
Largest movements
- Cash +€84,178
up €84,178 (+286.3%), from €29,401 to €113,579
mainly Net result for the year (+€67,787) and Depreciation (+€57,885)
- Tangible fixed assets -€57,885
down €57,885 (-1.5%), from €4.0m to €3.9m
- Reserves +€67,787
up €67,787 (+45.5%), from €149,070 to €216,857
- Debts after one year -€64,948
down €64,948 (-22.3%), from €291,193 to €226,245
- Gross operating margin +€38,794
up €38,794 (+27.8%), from €139,572 to €178,366
- Taxes +€9,336
up €9,336 (+67.3%), from €13,867 to €23,203
- Financial income -€3,261
down €3,261 (-79.5%), from €4,104 to €843
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 | €4,921,097 | €4,973,784 | +€52,687 | +1.1% |
| Fixed assets | 21/28 | €3,954,894 | €3,897,009 | -€57,885 | -1.5% |
| Tangible fixed assets | 22/27 | €3,954,894 | €3,897,009 | -€57,885 | -1.5% |
| Land and buildings | 22 | €3,954,894 | €3,897,009 | -€57,885 | -1.5% |
| Current assets | 29/58 | €966,204 | €1,076,776 | +€110,572 | +11.4% |
| Stocks and contracts in progress | 3 | €898,571 | €903,242 | +€4,671 | +0.5% |
| Stocks | 30/36 | €898,571 | €903,242 | +€4,671 | +0.5% |
| Amounts receivable within one year | 40/41 | €38,231 | €59,955 | +€21,724 | +56.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €38,231 | €59,955 | +€21,724 | +56.8% |
| Cash at bank and in hand | 54/58 | €29,401 | €113,579 | +€84,178 | +286.3% |
| Total equity and liabilities | 10/49 | €4,921,097 | €4,973,784 | +€52,687 | +1.1% |
| Equity | 10/15 | €2,367,670 | €2,435,457 | +€67,787 | +2.9% |
| Contributions | 10/11 | €2,218,600 | €2,218,600 | = | 0.0% |
| Reserves | 13 | €149,070 | €216,857 | +€67,787 | +45.5% |
| Distributable reserves | 133 | €149,070 | €216,857 | +€67,787 | +45.5% |
| Amounts payable | 17/49 | €2,553,427 | €2,538,327 | -€15,100 | -0.6% |
| Amounts payable after more than one year | 17 | €291,193 | €226,245 | -€64,948 | -22.3% |
| Financial debts | 170/4 | €291,193 | €226,245 | -€64,948 | -22.3% |
| Amounts payable within one year | 42/48 | €2,261,782 | €2,310,880 | +€49,098 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €64,326 | €64,948 | +€622 | +1.0% |
| Trade debts | 44 | €1,713 | €2,724 | +€1,012 | +59.1% |
| Suppliers | 440/4 | €1,713 | €2,724 | +€1,012 | +59.1% |
| Taxes, remuneration and social security | 45 | €0 | €9,203 | +€9,203 | |
| Taxes | 450/3 | €0 | €9,203 | +€9,203 | |
| Other amounts payable | 47/48 | €2,195,744 | €2,234,005 | +€38,261 | +1.7% |
| Accrued charges and deferred income | 492/3 | €452 | €1,202 | +€750 | +165.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,892 | €57,885 | -€7 | 0.0% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €139,572 | €178,366 | +€38,794 | +27.8% |
| Operating profit (loss) | 9901 | €80,594 | €119,363 | +€38,768 | +48.1% |
| Financial income | 75/76B | €4,104 | €843 | -€3,261 | -79.5% |
| Recurring financial income | 75 | €4,104 | €843 | -€3,261 | -79.5% |
| Financial charges | 65/66B | €29,231 | €29,215 | -€15 | -0.1% |
| Recurring financial charges | 65 | €29,231 | €29,215 | -€15 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €55,468 | €90,990 | +€35,522 | +64.0% |
| Income taxes | 67/77 | €13,867 | €23,203 | +€9,336 | +67.3% |
| Profit (loss) for the period | 9904 | €41,601 | €67,787 | +€26,186 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,601 | €67,787 | +€26,186 | +62.9% |
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 10 October 2026 via checked.be.