VANLERBERGHE: what changed
VANLERBERGHE
Largest movements
- Receivables within one year -€59,375
down €59,375 (-54.1%), from €109,684 to €50,309
of which Trade receivables: -€54,199
- Tangible fixed assets +€30,506
up €30,506 (+5.2%), from €584,133 to €614,639
of which Furniture and vehicles: +€29,211
- Cash +€22,781
up €22,781 (+158%), from €14,435 to €37,216
mainly Receivables within one year (+€59,375) and Depreciation (+€54,553)
- Other debts -€27,062
down €27,062 (-41.7%), from €64,938 to €37,876
- Reserves +€22,524
up €22,524 (+13.1%), from €172,317 to €194,841
of which Distributable reserves: +€22,524
- Tax, wage and social debts +€15,547
up €15,547 (+110%), from €14,129 to €29,676
of which Taxes: +€10,537
- Debts after one year -€13,726
down €13,726 (-3.9%), from €350,912 to €337,186
- Trade debts -€8,622
down €8,622 (-27.3%), from €31,584 to €22,962
- Gross operating margin +€38,397
up €38,397 (+16.5%), from €233,248 to €271,644
- Depreciation -€36,899
down €36,899 (-40.3%), from €91,452 to €54,553
- Taxes +€13,669
up €13,669 (+492%), from €2,775 to €16,445
- Staff costs +€9,419
up €9,419 (+7.2%), from €130,043 to €139,462
- Financial charges +€5,806
up €5,806 (+109%), from €5,313 to €11,119
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €711,702 | €705,719 | -€5,984 | -0.8% |
| Fixed assets | 21/28 | €587,583 | €618,089 | +€30,506 | +5.2% |
| Tangible fixed assets | 22/27 | €584,133 | €614,639 | +€30,506 | +5.2% |
| Land and buildings | 22 | €564,789 | €567,177 | +€2,388 | +0.4% |
| Plant, machinery and equipment | 23 | €5,920 | €4,827 | -€1,093 | -18.5% |
| Furniture and vehicles | 24 | €13,424 | €42,636 | +€29,211 | +218% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €124,119 | €87,629 | -€36,490 | -29.4% |
| Amounts receivable within one year | 40/41 | €109,684 | €50,309 | -€59,375 | -54.1% |
| Trade receivables | 40 | €103,194 | €48,994 | -€54,199 | -52.5% |
| Other amounts receivable | 41 | €6,491 | €1,315 | -€5,176 | -79.7% |
| Cash at bank and in hand | 54/58 | €14,435 | €37,216 | +€22,781 | +158% |
| Deferred charges and accrued income | 490/1 | - | €104 | +€104 | |
| Total equity and liabilities | 10/49 | €711,702 | €705,719 | -€5,984 | -0.8% |
| Equity | 10/15 | €217,338 | €239,862 | +€22,524 | +10.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €172,317 | €194,841 | +€22,524 | +13.1% |
| Tax-exempt reserves | 132 | €23,200 | €23,200 | = | 0.0% |
| Distributable reserves | 133 | €149,117 | €171,641 | +€22,524 | +15.1% |
| Profit (loss) carried forward | 14 | €38,824 | €38,824 | = | 0.0% |
| Amounts payable | 17/49 | €494,364 | €465,856 | -€28,508 | -5.8% |
| Amounts payable after more than one year | 17 | €350,912 | €337,186 | -€13,726 | -3.9% |
| Financial debts | 170/4 | €350,912 | €337,186 | -€13,726 | -3.9% |
| Amounts payable within one year | 42/48 | €143,452 | €128,670 | -€14,781 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €32,800 | €38,156 | +€5,356 | +16.3% |
| Trade debts | 44 | €31,584 | €22,962 | -€8,622 | -27.3% |
| Suppliers | 440/4 | €31,584 | €22,962 | -€8,622 | -27.3% |
| Taxes, remuneration and social security | 45 | €14,129 | €29,676 | +€15,547 | +110% |
| Taxes | 450/3 | €9,159 | €19,696 | +€10,537 | +115% |
| Remuneration and social security | 454/9 | €4,970 | €9,980 | +€5,010 | +101% |
| Other amounts payable | 47/48 | €64,938 | €37,876 | -€27,062 | -41.7% |
| Non-recurring operating income | 76A | - | €11,576 | +€11,576 | |
| Remuneration, social security and pensions | 62 | €130,043 | €139,462 | +€9,419 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,452 | €54,553 | -€36,899 | -40.3% |
| Other operating charges | 640/8 | €5,489 | €5,304 | -€185 | -3.4% |
| Gross operating margin | 9900 | €233,248 | €271,644 | +€38,397 | +16.5% |
| Operating profit (loss) | 9901 | €6,264 | €72,325 | +€66,062 | +1,055% |
| Financial income | 75/76B | €1,529 | €15 | -€1,514 | -99.0% |
| Recurring financial income | 75 | €1,529 | €15 | -€1,514 | -99.0% |
| Financial charges | 65/66B | €5,313 | €11,119 | +€5,806 | +109% |
| Recurring financial charges | 65 | €5,313 | €11,119 | +€5,806 | +109% |
| Profit (loss) for the period before taxes | 9903 | €2,480 | €61,221 | +€58,741 | +2,368% |
| Income taxes | 67/77 | €2,775 | €16,445 | +€13,669 | +492% |
| Profit (loss) for the period | 9904 | -€295 | €44,777 | +€45,072 | |
| Profit (loss) for the period to be appropriated | 9905 | -€295 | €44,777 | +€45,072 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.