VANLERBERGHE: 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.
VANLERBERGHE
Largest movements
- Cash -€106,277
down €106,277 (-30.3%), from €351,029 to €244,752
mainly Net result for the year (-€198,665) and Trade debts (-€12,021)
- Stocks and contracts -€85,819
down €85,819 (-6.0%), from €1.4m to €1.4m
- Tangible fixed assets -€22,297
down €22,297 (-32.1%), from €69,402 to €47,105
of which Furniture and vehicles: -€18,340
- Profit (loss) carried forward -€198,665
down €198,665 (-23.8%), from -€834,625 to -€1.0m
- Gross operating margin -€35,579
down €35,579, from €12,236 to -€23,343
- Staff costs +€4,461
up €4,461 (+3.2%), from €141,596 to €146,057
- Depreciation +€2,120
up €2,120 (+10.5%), from €20,176 to €22,297
- Other operating charges +€1,111
up €1,111 (+20.1%), from €5,525 to €6,637
- Financial charges +€353
up €353 (+120.3%), from €293 to €646
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 | €1,889,480 | €1,685,601 | -€203,879 | -10.8% |
| Fixed assets | 21/28 | €69,402 | €47,105 | -€22,297 | -32.1% |
| Tangible fixed assets | 22/27 | €69,402 | €47,105 | -€22,297 | -32.1% |
| Plant, machinery and equipment | 23 | €10,023 | €6,067 | -€3,957 | -39.5% |
| Furniture and vehicles | 24 | €59,378 | €41,038 | -€18,340 | -30.9% |
| Current assets | 29/58 | €1,820,079 | €1,638,496 | -€181,583 | -10.0% |
| Stocks and contracts in progress | 3 | €1,439,237 | €1,353,419 | -€85,819 | -6.0% |
| Stocks | 30/36 | €1,439,237 | €1,353,419 | -€85,819 | -6.0% |
| Amounts receivable within one year | 40/41 | €21,979 | €22,572 | +€593 | +2.7% |
| Trade receivables | 40 | €17,355 | €11,995 | -€5,360 | -30.9% |
| Other amounts receivable | 41 | €4,625 | €10,577 | +€5,952 | +128.7% |
| Cash at bank and in hand | 54/58 | €351,029 | €244,752 | -€106,277 | -30.3% |
| Deferred charges and accrued income | 490/1 | €7,833 | €17,754 | +€9,921 | +126.7% |
| Total equity and liabilities | 10/49 | €1,889,480 | €1,685,601 | -€203,879 | -10.8% |
| Equity | 10/15 | €1,700,521 | €1,501,856 | -€198,665 | -11.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,473,172 | €2,473,172 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,022 | €27,022 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,022 | €27,022 | = | 0.0% |
| Distributable reserves | 133 | €2,446,150 | €2,446,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€834,625 | -€1,033,290 | -€198,665 | -23.8% |
| Amounts payable | 17/49 | €188,959 | €183,745 | -€5,214 | -2.8% |
| Amounts payable within one year | 42/48 | €184,315 | €183,745 | -€570 | -0.3% |
| Trade debts | 44 | €32,758 | €20,737 | -€12,021 | -36.7% |
| Suppliers | 440/4 | €32,758 | €20,737 | -€12,021 | -36.7% |
| Advances received on contracts in progress | 46 | €2,685 | €12,185 | +€9,500 | +353.8% |
| Taxes, remuneration and social security | 45 | €4,530 | €6,482 | +€1,951 | +43.1% |
| Remuneration and social security | 454/9 | €4,530 | €6,482 | +€1,951 | +43.1% |
| Other amounts payable | 47/48 | €144,341 | €144,341 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,645 | - | -€4,645 | |
| Remuneration, social security and pensions | 62 | €141,596 | €146,057 | +€4,461 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,176 | €22,297 | +€2,120 | +10.5% |
| Other operating charges | 640/8 | €5,525 | €6,637 | +€1,111 | +20.1% |
| Gross operating margin | 9900 | €12,236 | -€23,343 | -€35,579 | |
| Operating profit (loss) | 9901 | -€155,062 | -€198,333 | -€43,272 | -27.9% |
| Financial income | 75/76B | €473 | €315 | -€158 | -33.5% |
| Recurring financial income | 75 | €473 | €315 | -€158 | -33.5% |
| Financial charges | 65/66B | €293 | €646 | +€353 | +120.3% |
| Recurring financial charges | 65 | €293 | €646 | +€353 | +120.3% |
| Profit (loss) for the period before taxes | 9903 | -€154,882 | -€198,665 | -€43,783 | -28.3% |
| Profit (loss) for the period | 9904 | -€154,882 | -€198,665 | -€43,783 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€154,882 | -€198,665 | -€43,783 | -28.3% |
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 30 September 2026 via checked.be.