VANLANDES: 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.
VANLANDES
Largest movements
- Tangible fixed assets +€58,553
new in 2025: €58,553
- Deferred charges and accrued income +€56,356
new in 2025: €56,356
- Cash -€45,039
down €45,039 (-96.4%), from €46,705 to €1,665
mainly Investment in fixed assets (net) (-€68,500) and Deferred charges and accrued income (-€56,356)
- Receivables within one year -€3,930
down €3,930 (-15.4%), from €25,525 to €21,595
of which Other amounts receivable: -€7,018
- Debts after one year +€38,812
new in 2025: €38,812
- Other debts +€27,224
new in 2025: €27,224
- Current portion of long-term debt +€10,802
new in 2025: €10,802
- Profit (loss) carried forward -€6,078
new in 2025: -€6,078
- Tax, wage and social debts -€4,840
down €4,840 (-18.6%), from €26,000 to €21,160
- Gross operating margin +€21,658
up €21,658 (+40.6%), from €53,285 to €74,943
- Taxes -€10,781
down €10,781 (-93.3%), from €11,550 to €768
- Depreciation +€9,947
new in 2025: €9,947
- Other operating charges +€2,936
new in 2025: €2,936
- Financial charges +€1,659
up €1,659 (+1171.8%), from €142 to €1,801
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 | €72,230 | €138,170 | +€65,940 | +91.3% |
| Fixed assets | 21/28 | - | €58,553 | +€58,553 | |
| Tangible fixed assets | 22/27 | - | €58,553 | +€58,553 | |
| Furniture and vehicles | 24 | - | €58,553 | +€58,553 | |
| Current assets | 29/58 | €72,230 | €79,617 | +€7,387 | +10.2% |
| Amounts receivable within one year | 40/41 | €25,525 | €21,595 | -€3,930 | -15.4% |
| Trade receivables | 40 | €16,895 | €19,982 | +€3,088 | +18.3% |
| Other amounts receivable | 41 | €8,630 | €1,613 | -€7,018 | -81.3% |
| Cash at bank and in hand | 54/58 | €46,705 | €1,665 | -€45,039 | -96.4% |
| Deferred charges and accrued income | 490/1 | - | €56,356 | +€56,356 | |
| Total equity and liabilities | 10/49 | €72,230 | €138,170 | +€65,940 | +91.3% |
| Equity | 10/15 | €44,593 | €38,515 | -€6,078 | -13.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,593 | €41,593 | = | 0.0% |
| Distributable reserves | 133 | €41,593 | €41,593 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,078 | -€6,078 | |
| Amounts payable | 17/49 | €27,636 | €99,655 | +€72,019 | +260.6% |
| Amounts payable after more than one year | 17 | - | €38,812 | +€38,812 | |
| Financial debts | 170/4 | - | €38,812 | +€38,812 | |
| Amounts payable within one year | 42/48 | €27,636 | €60,843 | +€33,206 | +120.2% |
| Current portion of amounts payable after more than one year | 42 | - | €10,802 | +€10,802 | |
| Trade debts | 44 | €1,636 | €1,657 | +€21 | +1.3% |
| Suppliers | 440/4 | €1,636 | €1,657 | +€21 | +1.3% |
| Taxes, remuneration and social security | 45 | €26,000 | €21,160 | -€4,840 | -18.6% |
| Taxes | 450/3 | €26,000 | €21,160 | -€4,840 | -18.6% |
| Other amounts payable | 47/48 | - | €27,224 | +€27,224 | |
| Non-recurring operating income | 76A | - | €7,463 | +€7,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,947 | +€9,947 | |
| Other operating charges | 640/8 | - | €2,936 | +€2,936 | |
| Non-recurring operating charges | 66A | - | €65,570 | +€65,570 | |
| Gross operating margin | 9900 | €53,285 | €74,943 | +€21,658 | +40.6% |
| Operating profit (loss) | 9901 | €53,285 | -€3,509 | -€56,794 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €142 | €1,801 | +€1,659 | +1171.8% |
| Recurring financial charges | 65 | €142 | €1,801 | +€1,659 | +1171.8% |
| Profit (loss) for the period before taxes | 9903 | €53,143 | -€5,310 | -€58,453 | |
| Income taxes | 67/77 | €11,550 | €768 | -€10,781 | -93.3% |
| Profit (loss) for the period | 9904 | €41,593 | -€6,078 | -€47,672 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,593 | -€6,078 | -€47,672 |
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 7 October 2026 via checked.be.