VANLAETHEM: 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.
VANLAETHEM
Largest movements
- Receivables within one year -€22,213
down €22,213 (-7.6%), from €291,363 to €269,150
of which Other amounts receivable: -€22,213
- Cash +€16,414
up €16,414 (+224.0%), from €7,327 to €23,741
mainly Receivables within one year (+€22,213) and Other debts (+€11,000)
- Other debts +€11,000
up €11,000 (+3.5%), from €312,940 to €323,940
- Debts after one year -€10,750
down €10,750 (-66.4%), from €16,199 to €5,449
- Gross operating margin -€13,986
down €13,986, from €10,381 to -€3,605
- Taxes -€1,536
down €1,536 (-100.0%), from €1,536 to €0
- Financial charges -€191
down €191 (-27.8%), from €688 to €496
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 | €559,459 | €550,315 | -€9,143 | -1.6% |
| Fixed assets | 21/28 | €259,908 | €256,540 | -€3,369 | -1.3% |
| Tangible fixed assets | 22/27 | €259,908 | €256,540 | -€3,369 | -1.3% |
| Land and buildings | 22 | €259,908 | €256,540 | -€3,369 | -1.3% |
| Current assets | 29/58 | €299,550 | €293,776 | -€5,775 | -1.9% |
| Amounts receivable within one year | 40/41 | €291,363 | €269,150 | -€22,213 | -7.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €291,363 | €269,150 | -€22,213 | -7.6% |
| Cash at bank and in hand | 54/58 | €7,327 | €23,741 | +€16,414 | +224.0% |
| Deferred charges and accrued income | 490/1 | €860 | €885 | +€25 | +2.9% |
| Total equity and liabilities | 10/49 | €559,459 | €550,315 | -€9,143 | -1.6% |
| Equity | 10/15 | €218,230 | €210,050 | -€8,179 | -3.7% |
| Contributions | 10/11 | €132,400 | €132,400 | = | 0.0% |
| Reserves | 13 | €80,240 | €77,240 | -€3,000 | -3.7% |
| Non-distributable reserves | 130/1 | €13,240 | €13,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,240 | €13,240 | = | 0.0% |
| Distributable reserves | 133 | €67,000 | €64,000 | -€3,000 | -4.5% |
| Profit (loss) carried forward | 14 | €5,590 | €410 | -€5,179 | -92.7% |
| Amounts payable | 17/49 | €341,229 | €340,265 | -€964 | -0.3% |
| Amounts payable after more than one year | 17 | €16,199 | €5,449 | -€10,750 | -66.4% |
| Financial debts | 170/4 | €16,199 | €5,449 | -€10,750 | -66.4% |
| Amounts payable within one year | 42/48 | €325,030 | €334,816 | +€9,786 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €10,554 | €10,750 | +€196 | +1.9% |
| Trade debts | 44 | - | €126 | +€126 | |
| Suppliers | 440/4 | - | €126 | +€126 | |
| Taxes, remuneration and social security | 45 | €1,536 | €0 | -€1,536 | -100.0% |
| Taxes | 450/3 | €1,536 | €0 | -€1,536 | -100.0% |
| Other amounts payable | 47/48 | €312,940 | €323,940 | +€11,000 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,369 | €3,369 | = | 0.0% |
| Other operating charges | 640/8 | €688 | €709 | +€21 | +3.1% |
| Gross operating margin | 9900 | €10,381 | -€3,605 | -€13,986 | |
| Operating profit (loss) | 9901 | €6,324 | -€7,683 | -€14,007 | |
| Financial charges | 65/66B | €688 | €496 | -€191 | -27.8% |
| Recurring financial charges | 65 | €688 | €496 | -€191 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €5,637 | -€8,179 | -€13,816 | |
| Income taxes | 67/77 | €1,536 | €0 | -€1,536 | -100.0% |
| Profit (loss) for the period | 9904 | €4,101 | -€8,179 | -€12,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,101 | -€8,179 | -€12,280 |
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.