VANLEEUW: 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.
VANLEEUW
Largest movements
- Cash +€93,351
up €93,351 (+552%), from €16,908 to €110,259
mainly Depreciation (+€66,030) and Net result for the year (+€40,370)
- Tangible fixed assets -€26,523
down €26,523 (-6.7%), from €395,387 to €368,864
of which Plant, machinery and equipment: -€29,125
- Profit (loss) carried forward +€40,370
up €40,370 (+17.4%), from €231,704 to €272,074
- Trade debts +€40,192
up €40,192 (+44.2%), from €90,979 to €131,172
- Other debts +€11,612
up €11,612 (+37.6%), from €30,878 to €42,490
- Current portion of long-term debt -€10,408
down €10,408 (-63.1%), from €16,504 to €6,096
- Debts after one year -€6,096
down €6,096 (-23.6%), from €25,862 to €19,766
- Turnover +€681,319
new in 2024: €681,319
- Purchases and services +€424,297
new in 2024: €424,297
- Staff costs -€89,061
down €89,061 (-34.8%), from €255,677 to €166,616
- Gross operating margin -€34,343
down €34,343 (-10.8%), from €319,408 to €285,065
- Taxes +€12,293
up €12,293 (+2,270%), from €542 to €12,834
From the 2023 result to the 2024 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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €437,049 | €511,258 | +€74,209 | +17.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €396,014 | €369,491 | -€26,523 | -6.7% |
| Tangible fixed assets | 22/27 | €395,387 | €368,864 | -€26,523 | -6.7% |
| Land and buildings | 22 | €89,915 | €87,327 | -€2,589 | -2.9% |
| Plant, machinery and equipment | 23 | €226,516 | €197,391 | -€29,125 | -12.9% |
| Furniture and vehicles | 24 | €78,956 | €73,384 | -€5,572 | -7.1% |
| Other tangible fixed assets | 26 | - | €10,762 | +€10,762 | |
| Financial fixed assets | 28 | €627 | €627 | = | 0.0% |
| Current assets | 29/58 | €41,035 | €141,767 | +€100,732 | +245% |
| Stocks and contracts in progress | 3 | €7,484 | €11,616 | +€4,132 | +55.2% |
| Stocks | 30/36 | €7,484 | €11,616 | +€4,132 | +55.2% |
| Amounts receivable within one year | 40/41 | €8,630 | €9,588 | +€958 | +11.1% |
| Trade receivables | 40 | €6,029 | €9,588 | +€3,559 | +59.0% |
| Other amounts receivable | 41 | €2,600 | €0 | -€2,600 | -100% |
| Cash at bank and in hand | 54/58 | €16,908 | €110,259 | +€93,351 | +552% |
| Deferred charges and accrued income | 490/1 | €8,014 | €10,304 | +€2,290 | +28.6% |
| Total equity and liabilities | 10/49 | €437,049 | €511,258 | +€74,209 | +17.0% |
| Equity | 10/15 | €246,134 | €286,505 | +€40,370 | +16.4% |
| Contributions | 10/11 | €12,555 | €12,555 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,704 | €272,074 | +€40,370 | +17.4% |
| Amounts payable | 17/49 | €190,915 | €224,753 | +€33,838 | +17.7% |
| Amounts payable after more than one year | 17 | €25,862 | €19,766 | -€6,096 | -23.6% |
| Financial debts | 170/4 | €25,862 | €19,766 | -€6,096 | -23.6% |
| Amounts payable within one year | 42/48 | €164,668 | €204,493 | +€39,825 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €16,504 | €6,096 | -€10,408 | -63.1% |
| Financial debts | 43 | €186 | €186 | = | 0.0% |
| Credit institutions | 430/8 | €186 | €186 | = | 0.0% |
| Trade debts | 44 | €90,979 | €131,172 | +€40,192 | +44.2% |
| Suppliers | 440/4 | €90,979 | €131,172 | +€40,192 | +44.2% |
| Taxes, remuneration and social security | 45 | €26,119 | €24,549 | -€1,571 | -6.0% |
| Taxes | 450/3 | €1,005 | €15,047 | +€14,042 | +1,397% |
| Remuneration and social security | 454/9 | €25,114 | €9,502 | -€15,612 | -62.2% |
| Other amounts payable | 47/48 | €30,878 | €42,490 | +€11,612 | +37.6% |
| Accrued charges and deferred income | 492/3 | €384 | €494 | +€110 | +28.5% |
| Turnover | 70 | - | €681,319 | +€681,319 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €424,297 | +€424,297 | |
| Remuneration, social security and pensions | 62 | €255,677 | €166,616 | -€89,061 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,048 | €66,030 | +€7,982 | +13.8% |
| Other operating charges | 640/8 | €3,595 | €453 | -€3,142 | -87.4% |
| Gross operating margin | 9900 | €319,408 | €285,065 | -€34,343 | -10.8% |
| Operating profit (loss) | 9901 | €2,088 | €51,966 | +€49,877 | +2,389% |
| Financial income | 75/76B | €75 | - | -€75 | |
| Recurring financial income | 75 | €75 | - | -€75 | |
| Financial charges | 65/66B | €3,606 | -€1,239 | -€4,845 | |
| Recurring financial charges | 65 | €3,606 | -€1,239 | -€4,845 | |
| Profit (loss) for the period before taxes | 9903 | -€1,443 | €53,205 | +€54,648 | |
| Income taxes | 67/77 | €542 | €12,834 | +€12,293 | +2,270% |
| Profit (loss) for the period | 9904 | -€1,985 | €40,370 | +€42,355 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,985 | €40,370 | +€42,355 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.