VANLAER: 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.
What changed
VANLAER
NACE 47.551, Retail sale of household furniture
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€167,701
2024 · €482,863-€315,162
Equity
€3.2m
2024 · €3.0m+€167,701
Cash
€146,395
2024 · €129,051+€17,344
Balance sheet total
€6.5m
2024 · €6.6m-€87,850
Largest movements
Assets
- Stocks and contracts -€437,105
down €437,105 (-66.5%), from €657,105 to €220,000
of which Contracts in progress: -€282,092
- Tangible fixed assets +€372,067
up €372,067 (+14.1%), from €2.6m to €3.0m
of which Leasing and similar rights: +€349,291
Equity and liabilities
- Advances received -€419,358
down €419,358 (-78.8%), from €532,000 to €112,642
- Trade debts +€182,227
up €182,227 (+183.8%), from €99,143 to €281,371
- Reserves +€167,701
up €167,701 (+6.9%), from €2.4m to €2.6m
of which Distributable reserves: +€167,701
- Short-term financial debts +€150,633
up €150,633 (+218308.2%), from €69 to €150,702
- Debts after one year -€133,580
down €133,580 (-7.9%), from €1.7m to €1.6m
Income statement
- Financial income -€623,704
down €623,704 (-95.2%), from €655,030 to €31,325
- Gross operating margin +€206,792
up €206,792 (+15.4%), from €1.3m to €1.5m
- Staff costs +€38,433
up €38,433 (+4.0%), from €964,773 to €1.0m
- Depreciation +€22,905
up €22,905 (+12.0%), from €191,398 to €214,303
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.
Result 2024
€482,863
Gross operating margin
+€206,792
Staff costs
-€38,433
Depreciation
-€22,905
Other operating charges
+€4,821
Other operating items
+€142,498
Financial income
-€623,704
Financial charges
+€14,467
Taxes
+€1,302
Result 2025
€167,701
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.
From operations
+€521,493
Investment
-€579,435
Financing
+€75,286
Cash 2024
€129,051
From operations (derived)
+€521,493
Net result for the year
+€167,701
Depreciation
+€214,303
Stocks and contracts
+€437,105
Receivables within one year
+€36,627
Deferred charges and accrued income
-€3,407
Trade debts
+€182,227
Tax, wage and social debts
-€112,877
Advances received
-€419,358
Other debts
+€24,195
Accrued charges and deferred income
-€5,024
Investment (derived)
-€579,435
Investment in fixed assets (net)
-€579,435
Financing
+€75,286
Debts after one year
-€133,580
Current portion of long-term debt
+€58,233
Short-term financial debts
+€150,633
Cash 2025
€146,395
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,620,625 | €6,532,776 | -€87,850 | -1.3% |
| Fixed assets | 21/28 | €5,426,080 | €5,791,213 | +€365,132 | +6.7% |
| Intangible fixed assets | 21 | €11,609 | €4,674 | -€6,935 | -59.7% |
| Tangible fixed assets | 22/27 | €2,640,795 | €3,012,862 | +€372,067 | +14.1% |
| Land and buildings | 22 | €2,335,986 | €2,319,173 | -€16,813 | -0.7% |
| Plant, machinery and equipment | 23 | €236,810 | €204,738 | -€32,072 | -13.5% |
| Furniture and vehicles | 24 | €67,999 | €139,660 | +€71,661 | +105.4% |
| Leasing and similar rights | 25 | - | €349,291 | +€349,291 | |
| Financial fixed assets | 28 | €2,773,677 | €2,773,677 | = | 0.0% |
| Current assets | 29/58 | €1,194,545 | €741,563 | -€452,982 | -37.9% |
| Stocks and contracts in progress | 3 | €657,105 | €220,000 | -€437,105 | -66.5% |
| Stocks | 30/36 | €275,013 | €120,000 | -€155,013 | -56.4% |
| Contracts in progress | 37 | €382,092 | €100,000 | -€282,092 | -73.8% |
| Amounts receivable within one year | 40/41 | €384,663 | €348,035 | -€36,627 | -9.5% |
| Trade receivables | 40 | €332,645 | €250,364 | -€82,281 | -24.7% |
| Other amounts receivable | 41 | €52,018 | €97,672 | +€45,654 | +87.8% |
| Cash at bank and in hand | 54/58 | €129,051 | €146,395 | +€17,344 | +13.4% |
| Deferred charges and accrued income | 490/1 | €23,726 | €27,133 | +€3,407 | +14.4% |
| Total equity and liabilities | 10/49 | €6,620,625 | €6,532,776 | -€87,850 | -1.3% |
| Equity | 10/15 | €3,016,902 | €3,184,603 | +€167,701 | +5.6% |
| Contributions | 10/11 | €580,500 | €580,500 | = | 0.0% |
| Capital | 10 | €580,500 | €580,500 | = | 0.0% |
| Issued capital | 100 | €580,500 | €580,500 | = | 0.0% |
| Reserves | 13 | €2,436,402 | €2,604,103 | +€167,701 | +6.9% |
| Non-distributable reserves | 130/1 | €58,050 | €58,050 | = | 0.0% |
| Legal reserve | 130 | €58,050 | €58,050 | = | 0.0% |
| Distributable reserves | 133 | €2,378,352 | €2,546,053 | +€167,701 | +7.1% |
| Amounts payable | 17/49 | €3,603,723 | €3,348,172 | -€255,551 | -7.1% |
| Amounts payable after more than one year | 17 | €1,687,523 | €1,553,943 | -€133,580 | -7.9% |
| Financial debts | 170/4 | €1,687,523 | €1,553,943 | -€133,580 | -7.9% |
| Amounts payable within one year | 42/48 | €1,862,173 | €1,745,226 | -€116,947 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €337,419 | €395,651 | +€58,233 | +17.3% |
| Financial debts | 43 | €69 | €150,702 | +€150,633 | +218308.2% |
| Credit institutions | 430/8 | €69 | €150,702 | +€150,633 | +218308.2% |
| Trade debts | 44 | €99,143 | €281,371 | +€182,227 | +183.8% |
| Suppliers | 440/4 | €99,143 | €281,371 | +€182,227 | +183.8% |
| Advances received on contracts in progress | 46 | €532,000 | €112,642 | -€419,358 | -78.8% |
| Taxes, remuneration and social security | 45 | €271,659 | €158,782 | -€112,877 | -41.6% |
| Taxes | 450/3 | €169,575 | €84,286 | -€85,290 | -50.3% |
| Remuneration and social security | 454/9 | €102,083 | €74,496 | -€27,587 | -27.0% |
| Other amounts payable | 47/48 | €621,884 | €646,078 | +€24,195 | +3.9% |
| Accrued charges and deferred income | 492/3 | €54,027 | €49,003 | -€5,024 | -9.3% |
| Non-recurring operating income | 76A | €165 | €100 | -€65 | -39.5% |
| Remuneration, social security and pensions | 62 | €964,773 | €1,003,206 | +€38,433 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,398 | €214,303 | +€22,905 | +12.0% |
| Other operating charges | 640/8 | €33,852 | €29,031 | -€4,821 | -14.2% |
| Non-recurring operating charges | 66A | €142,498 | - | -€142,498 | |
| Gross operating margin | 9900 | €1,342,145 | €1,548,937 | +€206,792 | +15.4% |
| Operating profit (loss) | 9901 | €9,624 | €302,398 | +€292,774 | +3042.1% |
| Financial income | 75/76B | €655,030 | €31,325 | -€623,704 | -95.2% |
| Recurring financial income | 75 | €655,030 | €31,325 | -€623,704 | -95.2% |
| Financial charges | 65/66B | €107,827 | €93,360 | -€14,467 | -13.4% |
| Recurring financial charges | 65 | €107,827 | €93,360 | -€14,467 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €556,827 | €240,363 | -€316,464 | -56.8% |
| Income taxes | 67/77 | €73,964 | €72,662 | -€1,302 | -1.8% |
| Profit (loss) for the period | 9904 | €482,863 | €167,701 | -€315,162 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €482,863 | €167,701 | -€315,162 | -65.3% |
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 6 October 2026 via checked.be.