Van Loy M & I: what changed
Van Loy M & I
Largest movements
- Tangible fixed assets +€59,751
up €59,751 (+11.5%), from €519,542 to €579,293
of which Furniture and vehicles: +€93,156
- Cash -€25,142
down €25,142 (-16.1%), from €156,311 to €131,169
mainly Investment in fixed assets (net) (-€115,418) and Other debts (-€54,334)
- Receivables within one year -€11,682
down €11,682 (-27.8%), from €42,079 to €30,397
of which Trade receivables: -€14,388
- Other debts -€54,334
down €54,334 (-25.2%), from €215,453 to €161,118
- Reserves +€35,292
up €35,292 (+71.4%), from €49,404 to €84,696
of which Distributable reserves: +€35,292
- Advances received +€24,200
new in 2025: €24,200
- Current portion of long-term debt +€15,515
up €15,515 (+28.8%), from €53,895 to €69,410
- Gross operating margin +€47,062
up €47,062 (+65.2%), from €72,179 to €119,241
- Depreciation +€22,261
up €22,261 (+66.6%), from €33,405 to €55,667
- Taxes +€6,869
up €6,869 (+95.6%), from €7,186 to €14,055
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €731,744 | €754,832 | +€23,088 | +3.2% |
| Fixed assets | 21/28 | €519,542 | €579,293 | +€59,751 | +11.5% |
| Tangible fixed assets | 22/27 | €519,542 | €579,293 | +€59,751 | +11.5% |
| Land and buildings | 22 | €519,542 | €486,137 | -€33,405 | -6.4% |
| Furniture and vehicles | 24 | €0 | €93,156 | +€93,156 | |
| Current assets | 29/58 | €212,202 | €175,539 | -€36,663 | -17.3% |
| Amounts receivable within one year | 40/41 | €42,079 | €30,397 | -€11,682 | -27.8% |
| Trade receivables | 40 | €34,388 | €20,000 | -€14,388 | -41.8% |
| Other amounts receivable | 41 | €7,691 | €10,397 | +€2,706 | +35.2% |
| Cash at bank and in hand | 54/58 | €156,311 | €131,169 | -€25,142 | -16.1% |
| Deferred charges and accrued income | 490/1 | €13,813 | €13,973 | +€161 | +1.2% |
| Total equity and liabilities | 10/49 | €731,744 | €754,832 | +€23,088 | +3.2% |
| Equity | 10/15 | €68,004 | €103,296 | +€35,292 | +51.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,404 | €84,696 | +€35,292 | +71.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €49,404 | €84,696 | +€35,292 | +71.4% |
| Amounts payable | 17/49 | €663,740 | €651,536 | -€12,204 | -1.8% |
| Amounts payable after more than one year | 17 | €365,042 | €357,811 | -€7,231 | -2.0% |
| Financial debts | 170/4 | €365,042 | €357,811 | -€7,231 | -2.0% |
| Amounts payable within one year | 42/48 | €298,698 | €293,725 | -€4,973 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €53,895 | €69,410 | +€15,515 | +28.8% |
| Trade debts | 44 | €12,247 | €18,171 | +€5,924 | +48.4% |
| Suppliers | 440/4 | €12,247 | €18,171 | +€5,924 | +48.4% |
| Advances received on contracts in progress | 46 | - | €24,200 | +€24,200 | |
| Taxes, remuneration and social security | 45 | €17,103 | €20,825 | +€3,722 | +21.8% |
| Taxes | 450/3 | €16,747 | €20,469 | +€3,722 | +22.2% |
| Remuneration and social security | 454/9 | €356 | €356 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €215,453 | €161,118 | -€54,334 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,405 | €55,667 | +€22,261 | +66.6% |
| Other operating charges | 640/8 | €3,620 | €3,558 | -€62 | -1.7% |
| Gross operating margin | 9900 | €72,179 | €119,241 | +€47,062 | +65.2% |
| Operating profit (loss) | 9901 | €35,153 | €60,016 | +€24,863 | +70.7% |
| Financial charges | 65/66B | €9,707 | €10,669 | +€962 | +9.9% |
| Recurring financial charges | 65 | €9,707 | €10,669 | +€962 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €25,446 | €49,347 | +€23,901 | +93.9% |
| Income taxes | 67/77 | €7,186 | €14,055 | +€6,869 | +95.6% |
| Profit (loss) for the period | 9904 | €18,260 | €35,292 | +€17,031 | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,260 | €35,292 | +€17,031 | +93.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.