VAN LOON.W: 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.W
Largest movements
- Cash +€327,282
up €327,282 (+58.1%), from €563,782 to €891,064
mainly Trade debts (+€419,262) and Net result for the year (+€309,423)
- Stocks and contracts +€301,843
up €301,843 (+225.3%), from €133,952 to €435,795
- Receivables within one year -€78,978
down €78,978 (-16.8%), from €470,470 to €391,492
of which Trade receivables: -€87,588
- Current investments +€65,295
up €65,295 (+19.0%), from €343,277 to €408,572
- Trade debts +€419,262
up €419,262 (+56.9%), from €737,413 to €1.2m
- Reserves +€309,423
up €309,423 (+49.7%), from €622,911 to €932,334
of which Distributable reserves: +€309,423
- Other debts -€120,079
down €120,079 (-90.2%), from €133,102 to €13,023
- Write-downs -€103,989
down €103,989 (-100.0%), from €103,989 to €0
- Gross operating margin +€65,594
up €65,594 (+15.5%), from €423,215 to €488,809
- Taxes +€49,916
up €49,916 (+53.0%), from €94,256 to €144,172
- Financial charges +€5,856
up €5,856 (+28.7%), from €20,436 to €26,292
- Financial income -€5,466
down €5,466 (-34.5%), from €15,858 to €10,392
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 | €1,557,694 | €2,159,677 | +€601,983 | +38.6% |
| Fixed assets | 21/28 | €43,030 | €29,318 | -€13,712 | -31.9% |
| Tangible fixed assets | 22/27 | €43,030 | €29,318 | -€13,712 | -31.9% |
| Land and buildings | 22 | €1,880 | €1,849 | -€31 | -1.7% |
| Furniture and vehicles | 24 | €41,150 | €27,469 | -€13,681 | -33.2% |
| Current assets | 29/58 | €1,514,664 | €2,130,359 | +€615,695 | +40.6% |
| Stocks and contracts in progress | 3 | €133,952 | €435,795 | +€301,843 | +225.3% |
| Stocks | 30/36 | €133,952 | €435,795 | +€301,843 | +225.3% |
| Amounts receivable within one year | 40/41 | €470,470 | €391,492 | -€78,978 | -16.8% |
| Trade receivables | 40 | €469,809 | €382,222 | -€87,588 | -18.6% |
| Other amounts receivable | 41 | €661 | €9,270 | +€8,610 | +1302.9% |
| Current investments | 50/53 | €343,277 | €408,572 | +€65,295 | +19.0% |
| Cash at bank and in hand | 54/58 | €563,782 | €891,064 | +€327,282 | +58.1% |
| Deferred charges and accrued income | 490/1 | €3,182 | €3,436 | +€254 | +8.0% |
| Total equity and liabilities | 10/49 | €1,557,694 | €2,159,677 | +€601,983 | +38.6% |
| Equity | 10/15 | €635,311 | €944,734 | +€309,423 | +48.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €622,911 | €932,334 | +€309,423 | +49.7% |
| Tax-exempt reserves | 132 | €12,379 | €12,379 | = | 0.0% |
| Distributable reserves | 133 | €610,532 | €919,955 | +€309,423 | +50.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €922,383 | €1,214,943 | +€292,560 | +31.7% |
| Amounts payable within one year | 42/48 | €917,199 | €1,213,981 | +€296,782 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €19,695 | €8,491 | -€11,204 | -56.9% |
| Trade debts | 44 | €737,413 | €1,156,675 | +€419,262 | +56.9% |
| Suppliers | 440/4 | €737,413 | €1,156,675 | +€419,262 | +56.9% |
| Taxes, remuneration and social security | 45 | €26,989 | €35,792 | +€8,803 | +32.6% |
| Taxes | 450/3 | €26,989 | €35,792 | +€8,803 | +32.6% |
| Other amounts payable | 47/48 | €133,102 | €13,023 | -€120,079 | -90.2% |
| Accrued charges and deferred income | 492/3 | €5,184 | €962 | -€4,222 | -81.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,864 | €16,460 | -€404 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €103,989 | €0 | -€103,989 | -100.0% |
| Other operating charges | 640/8 | €3,626 | €2,854 | -€772 | -21.3% |
| Gross operating margin | 9900 | €423,215 | €488,809 | +€65,594 | +15.5% |
| Operating profit (loss) | 9901 | €298,735 | €469,495 | +€170,760 | +57.2% |
| Financial income | 75/76B | €15,858 | €10,392 | -€5,466 | -34.5% |
| Recurring financial income | 75 | €15,858 | €10,392 | -€5,466 | -34.5% |
| Financial charges | 65/66B | €20,436 | €26,292 | +€5,856 | +28.7% |
| Recurring financial charges | 65 | €20,436 | €26,292 | +€5,856 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €294,156 | €453,595 | +€159,439 | +54.2% |
| Income taxes | 67/77 | €94,256 | €144,172 | +€49,916 | +53.0% |
| Profit (loss) for the period | 9904 | €199,901 | €309,423 | +€109,522 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €199,901 | €309,423 | +€109,522 | +54.8% |
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 12 October 2026 via checked.be.