VAN LOON: 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 LOON
Largest movements
- Current investments +€66,291
up €66,291 (+300.8%), from €22,039 to €88,329
- Tangible fixed assets -€24,015
down €24,015 (-6.0%), from €403,052 to €379,037
of which Land and buildings: -€23,005
- Receivables within one year -€11,845
down €11,845 (-100.0%), from €11,845 to €0
- Cash -€5,928
down €5,928 (-41.9%), from €14,138 to €8,210
mainly Current investments (-€66,291) and Investment in fixed assets (net) (-€15,104)
- Reserves +€51,861
up €51,861 (+34.1%), from €152,228 to €204,089
of which Distributable reserves: +€51,861
- Current portion of long-term debt -€12,496
down €12,496 (-57.0%), from €21,922 to €9,425
- Other debts -€12,255
down €12,255 (-17.2%), from €71,201 to €58,946
- Debts after one year -€9,425
down €9,425 (-100.0%), from €9,425 to €0
- Trade debts +€5,789
up €5,789 (+296.5%), from €1,952 to €7,742
- Other operating charges -€18,988
down €18,988 (-94.0%), from €20,208 to €1,219
- Depreciation +€7,087
up €7,087 (+22.1%), from €32,032 to €39,120
- Taxes +€4,264
up €4,264 (+21.8%), from €19,543 to €23,807
- Gross operating margin +€2,167
up €2,167 (+1.9%), from €114,695 to €116,862
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 | €451,224 | €477,521 | +€26,297 | +5.8% |
| Fixed assets | 21/28 | €403,052 | €379,037 | -€24,015 | -6.0% |
| Tangible fixed assets | 22/27 | €403,052 | €379,037 | -€24,015 | -6.0% |
| Land and buildings | 22 | €385,232 | €362,227 | -€23,005 | -6.0% |
| Plant, machinery and equipment | 23 | - | €3,598 | +€3,598 | |
| Furniture and vehicles | 24 | €17,820 | €13,212 | -€4,608 | -25.9% |
| Current assets | 29/58 | €48,172 | €98,484 | +€50,312 | +104.4% |
| Amounts receivable within one year | 40/41 | €11,845 | €0 | -€11,845 | -100.0% |
| Other amounts receivable | 41 | €11,845 | €0 | -€11,845 | -100.0% |
| Current investments | 50/53 | €22,039 | €88,329 | +€66,291 | +300.8% |
| Cash at bank and in hand | 54/58 | €14,138 | €8,210 | -€5,928 | -41.9% |
| Deferred charges and accrued income | 490/1 | €151 | €1,944 | +€1,794 | +1190.4% |
| Total equity and liabilities | 10/49 | €451,224 | €477,521 | +€26,297 | +5.8% |
| Equity | 10/15 | €345,332 | €397,193 | +€51,861 | +15.0% |
| Contributions | 10/11 | €193,104 | €193,104 | = | 0.0% |
| Capital | 10 | €193,104 | €193,104 | = | 0.0% |
| Issued capital | 100 | €193,104 | €193,104 | = | 0.0% |
| Reserves | 13 | €152,228 | €204,089 | +€51,861 | +34.1% |
| Non-distributable reserves | 130/1 | €19,310 | €19,310 | = | 0.0% |
| Legal reserve | 130 | €19,310 | €19,310 | = | 0.0% |
| Distributable reserves | 133 | €132,917 | €184,778 | +€51,861 | +39.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €105,892 | €80,328 | -€25,564 | -24.1% |
| Amounts payable after more than one year | 17 | €9,425 | €0 | -€9,425 | -100.0% |
| Financial debts | 170/4 | €9,425 | €0 | -€9,425 | -100.0% |
| Amounts payable within one year | 42/48 | €96,467 | €80,328 | -€16,139 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €21,922 | €9,425 | -€12,496 | -57.0% |
| Trade debts | 44 | €1,952 | €7,742 | +€5,789 | +296.5% |
| Suppliers | 440/4 | €1,952 | €7,742 | +€5,789 | +296.5% |
| Taxes, remuneration and social security | 45 | €1,391 | €4,214 | +€2,823 | +202.9% |
| Taxes | 450/3 | €1,391 | €4,214 | +€2,823 | +202.9% |
| Other amounts payable | 47/48 | €71,201 | €58,946 | -€12,255 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,032 | €39,120 | +€7,087 | +22.1% |
| Other operating charges | 640/8 | €20,208 | €1,219 | -€18,988 | -94.0% |
| Gross operating margin | 9900 | €114,695 | €116,862 | +€2,167 | +1.9% |
| Operating profit (loss) | 9901 | €62,455 | €76,523 | +€14,068 | +22.5% |
| Financial income | 75/76B | €1,043 | €435 | -€608 | -58.3% |
| Recurring financial income | 75 | €1,043 | €435 | -€608 | -58.3% |
| Financial charges | 65/66B | €2,078 | €1,291 | -€788 | -37.9% |
| Recurring financial charges | 65 | €2,078 | €1,291 | -€788 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €61,420 | €75,668 | +€14,248 | +23.2% |
| Income taxes | 67/77 | €19,543 | €23,807 | +€4,264 | +21.8% |
| Profit (loss) for the period | 9904 | €41,877 | €51,861 | +€9,984 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,877 | €51,861 | +€9,984 | +23.8% |
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 1 October 2026 via checked.be.