VAN LOON BELEGGINGEN: 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 LOON BELEGGINGEN
Largest movements
- Stocks and contracts +€481,769
up €481,769 (+137%), from €350,830 to €832,599
- Receivables within one year +€225,289
up €225,289 (+51.2%), from €440,211 to €665,500
of which Trade receivables: +€114,136
- Short-term financial debts +€821,000
new in 2025: €821,000
- Trade debts -€125,958
down €125,958 (-62.5%), from €201,402 to €75,444
- Reserves -€21,700
down €21,700 (-4.0%), from €546,684 to €524,984
of which Distributable reserves: -€21,700
- Gross operating margin -€113,404
down €113,404, from €102,938 to -€10,465
- Taxes -€27,773
down €27,773 (-100%), from €27,773 to €0
- Financial charges +€18,773
up €18,773 (+3,855%), from €487 to €19,260
- Financial income +€5,616
up €5,616 (+123%), from €4,573 to €10,189
- Other operating charges -€3,658
down €3,658 (-92.3%), from €3,961 to €303
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €901,581 | €1,591,474 | +€689,893 | +76.5% |
| Fixed assets | 21/28 | €93,605 | €91,745 | -€1,861 | -2.0% |
| Tangible fixed assets | 22/27 | €93,605 | €91,745 | -€1,861 | -2.0% |
| Land and buildings | 22 | €91,894 | €90,634 | -€1,261 | -1.4% |
| Furniture and vehicles | 24 | €1,711 | €1,111 | -€600 | -35.1% |
| Current assets | 29/58 | €807,975 | €1,499,729 | +€691,754 | +85.6% |
| Stocks and contracts in progress | 3 | €350,830 | €832,599 | +€481,769 | +137% |
| Stocks | 30/36 | €350,830 | €832,599 | +€481,769 | +137% |
| Amounts receivable within one year | 40/41 | €440,211 | €665,500 | +€225,289 | +51.2% |
| Trade receivables | 40 | €700 | €114,836 | +€114,136 | +16,305% |
| Other amounts receivable | 41 | €439,511 | €550,664 | +€111,153 | +25.3% |
| Cash at bank and in hand | 54/58 | €16,632 | €1,324 | -€15,309 | -92.0% |
| Deferred charges and accrued income | 490/1 | €303 | €307 | +€4 | +1.4% |
| Total equity and liabilities | 10/49 | €901,581 | €1,591,474 | +€689,893 | +76.5% |
| Equity | 10/15 | €671,871 | €650,171 | -€21,700 | -3.2% |
| Contributions | 10/11 | €125,186 | €125,186 | = | 0.0% |
| Capital | 10 | €97,560 | €97,560 | = | 0.0% |
| Issued capital | 100 | €97,560 | €97,560 | = | 0.0% |
| Contributions outside capital | 11 | €27,626 | €27,626 | = | 0.0% |
| Share premium | 1100/10 | €27,626 | €27,626 | = | 0.0% |
| Reserves | 13 | €546,684 | €524,984 | -€21,700 | -4.0% |
| Non-distributable reserves | 130/1 | €12,519 | €12,519 | = | 0.0% |
| Legal reserve | 130 | €12,519 | €12,519 | = | 0.0% |
| Distributable reserves | 133 | €534,166 | €512,466 | -€21,700 | -4.1% |
| Amounts payable | 17/49 | €229,710 | €941,303 | +€711,593 | +310% |
| Amounts payable within one year | 42/48 | €229,710 | €929,840 | +€700,130 | +305% |
| Financial debts | 43 | - | €821,000 | +€821,000 | |
| Credit institutions | 430/8 | - | €821,000 | +€821,000 | |
| Trade debts | 44 | €201,402 | €75,444 | -€125,958 | -62.5% |
| Suppliers | 440/4 | €201,402 | €75,444 | -€125,958 | -62.5% |
| Taxes, remuneration and social security | 45 | €28,309 | €27,295 | -€1,014 | -3.6% |
| Taxes | 450/3 | €28,309 | €27,295 | -€1,014 | -3.6% |
| Other amounts payable | 47/48 | - | €6,102 | +€6,102 | |
| Accrued charges and deferred income | 492/3 | €0 | €11,463 | +€11,463 | |
| Non-recurring operating income | 76A | €187,879 | €0 | -€187,879 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,861 | €1,861 | = | 0.0% |
| Other operating charges | 640/8 | €3,961 | €303 | -€3,658 | -92.3% |
| Gross operating margin | 9900 | €102,938 | -€10,465 | -€113,404 | |
| Operating profit (loss) | 9901 | €97,117 | -€12,629 | -€109,746 | |
| Financial income | 75/76B | €4,573 | €10,189 | +€5,616 | +123% |
| Recurring financial income | 75 | €4,573 | €10,189 | +€5,616 | +123% |
| Financial charges | 65/66B | €487 | €19,260 | +€18,773 | +3,855% |
| Recurring financial charges | 65 | €487 | €19,260 | +€18,773 | +3,855% |
| Profit (loss) for the period before taxes | 9903 | €101,203 | -€21,700 | -€122,903 | |
| Income taxes | 67/77 | €27,773 | €0 | -€27,773 | -100% |
| Profit (loss) for the period | 9904 | €73,430 | -€21,700 | -€95,130 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,430 | -€21,700 | -€95,130 |
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 15 October 2026 via checked.be.