VANLATHEM: 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.
VANLATHEM
Largest movements
- Tangible fixed assets -€31,671
down €31,671 (-35.6%), from €89,023 to €57,352
of which Other tangible fixed assets: -€35,047
- Debts after one year -€54,489
down €54,489 (-41.5%), from €131,149 to €76,660
- Trade debts +€13,523
up €13,523 (+11.5%), from €117,286 to €130,809
- Profit (loss) carried forward +€9,786
up €9,786 (+21.3%), from -€45,909 to -€36,123
- Short-term financial debts -€7,253
down €7,253 (-13.6%), from €53,490 to €46,236
- Tax, wage and social debts +€3,631
up €3,631 (+19.4%), from €18,758 to €22,389
of which Remuneration and social security: +€6,702
- Gross operating margin +€22,426
up €22,426 (+25.6%), from €87,466 to €109,892
- Staff costs +€15,733
up €15,733 (+45.1%), from €34,875 to €50,609
- Financial income +€1,603
up €1,603 (+34.7%), from €4,625 to €6,229
- Financial charges -€1,386
down €1,386 (-8.0%), from €17,226 to €15,839
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €362,186 | €326,162 | -€36,023 | -9.9% |
| Fixed assets | 21/28 | €99,023 | €64,854 | -€34,169 | -34.5% |
| Intangible fixed assets | 21 | €10,000 | €7,502 | -€2,498 | -25.0% |
| Tangible fixed assets | 22/27 | €89,023 | €57,352 | -€31,671 | -35.6% |
| Plant, machinery and equipment | 23 | - | €3,376 | +€3,376 | |
| Other tangible fixed assets | 26 | €89,023 | €53,976 | -€35,047 | -39.4% |
| Current assets | 29/58 | €263,163 | €261,308 | -€1,855 | -0.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Trade receivables | 290 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | €100,000 | - | -€100,000 | |
| Stocks and contracts in progress | 3 | €161,418 | €159,967 | -€1,451 | -0.9% |
| Stocks | 30/36 | €161,418 | €159,967 | -€1,451 | -0.9% |
| Deferred charges and accrued income | 490/1 | €1,745 | €1,341 | -€404 | -23.1% |
| Total equity and liabilities | 10/49 | €362,186 | €326,162 | -€36,023 | -9.9% |
| Equity | 10/15 | -€33,509 | -€23,723 | +€9,786 | +29.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,909 | -€36,123 | +€9,786 | +21.3% |
| Amounts payable | 17/49 | €395,695 | €349,886 | -€45,809 | -11.6% |
| Amounts payable after more than one year | 17 | €131,149 | €76,660 | -€54,489 | -41.5% |
| Financial debts | 170/4 | €131,149 | €76,660 | -€54,489 | -41.5% |
| Amounts payable within one year | 42/48 | €260,495 | €269,175 | +€8,680 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €53,277 | €54,489 | +€1,212 | +2.3% |
| Financial debts | 43 | €53,490 | €46,236 | -€7,253 | -13.6% |
| Credit institutions | 430/8 | €53,490 | €46,236 | -€7,253 | -13.6% |
| Trade debts | 44 | €117,286 | €130,809 | +€13,523 | +11.5% |
| Suppliers | 440/4 | €117,286 | €130,809 | +€13,523 | +11.5% |
| Taxes, remuneration and social security | 45 | €18,758 | €22,389 | +€3,631 | +19.4% |
| Taxes | 450/3 | €16,870 | €13,799 | -€3,071 | -18.2% |
| Remuneration and social security | 454/9 | €1,888 | €8,590 | +€6,702 | +355% |
| Other amounts payable | 47/48 | €17,685 | €15,252 | -€2,433 | -13.8% |
| Accrued charges and deferred income | 492/3 | €4,051 | €4,051 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €34,875 | €50,609 | +€15,733 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,236 | €38,634 | +€398 | +1.0% |
| Other operating charges | 640/8 | €1,050 | €1,253 | +€202 | +19.3% |
| Gross operating margin | 9900 | €87,466 | €109,892 | +€22,426 | +25.6% |
| Operating profit (loss) | 9901 | €13,304 | €19,396 | +€6,092 | +45.8% |
| Financial income | 75/76B | €4,625 | €6,229 | +€1,603 | +34.7% |
| Recurring financial income | 75 | €4,625 | €6,229 | +€1,603 | +34.7% |
| Financial charges | 65/66B | €17,226 | €15,839 | -€1,386 | -8.0% |
| Recurring financial charges | 65 | €17,226 | €15,839 | -€1,386 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €704 | €9,786 | +€9,082 | +1,290% |
| Income taxes | 67/77 | €175 | - | -€175 | |
| Profit (loss) for the period | 9904 | €529 | €9,786 | +€9,257 | +1,750% |
| Profit (loss) for the period to be appropriated | 9905 | €529 | €9,786 | +€9,257 | +1,750% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.