VANLESSEN: 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.
VANLESSEN
Largest movements
- Current investments +€118,600
new in 2025: €118,600
- Cash -€77,500
down €77,500 (-65.7%), from €117,904 to €40,403
mainly Current investments (-€118,600) and Investment in fixed assets (net) (-€28,726)
- Reserves +€145,912
new in 2025: €145,912
- Profit (loss) carried forward -€81,075
down €81,075 (-100%), from €81,075 to €0
- Trade debts -€19,851
down €19,851 (-67.8%), from €29,299 to €9,448
- Tax, wage and social debts -€6,624
down €6,624 (-28.6%), from €23,174 to €16,550
of which Taxes: -€3,774
- Depreciation +€19,454
up €19,454 (+433%), from €4,491 to €23,945
- Financial charges +€13,265
up €13,265 (+1,683%), from €788 to €14,053
- Gross operating margin +€8,924
up €8,924 (+8.1%), from €110,583 to €119,507
- Taxes -€3,634
down €3,634 (-17.8%), from €20,367 to €16,734
- Other operating charges -€3,456
down €3,456 (-86.3%), from €4,007 to €551
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
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 | €537,609 | €584,213 | +€46,604 | +8.7% |
| Fixed assets | 21/28 | €415,267 | €420,049 | +€4,781 | +1.2% |
| Tangible fixed assets | 22/27 | €415,267 | €420,049 | +€4,781 | +1.2% |
| Land and buildings | 22 | €411,598 | €391,813 | -€19,784 | -4.8% |
| Plant, machinery and equipment | 23 | €3,670 | €2,932 | -€738 | -20.1% |
| Furniture and vehicles | 24 | - | €25,303 | +€25,303 | |
| Current assets | 29/58 | €122,342 | €164,164 | +€41,823 | +34.2% |
| Amounts receivable within one year | 40/41 | €3,260 | €0 | -€3,260 | -100% |
| Trade receivables | 40 | €3,260 | €0 | -€3,260 | -100% |
| Current investments | 50/53 | - | €118,600 | +€118,600 | |
| Cash at bank and in hand | 54/58 | €117,904 | €40,403 | -€77,500 | -65.7% |
| Deferred charges and accrued income | 490/1 | €1,178 | €5,161 | +€3,983 | +338% |
| Total equity and liabilities | 10/49 | €537,609 | €584,213 | +€46,604 | +8.7% |
| Equity | 10/15 | €84,075 | €148,912 | +€64,837 | +77.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Reserves | 13 | - | €145,912 | +€145,912 | |
| Distributable reserves | 133 | - | €145,912 | +€145,912 | |
| Profit (loss) carried forward | 14 | €81,075 | €0 | -€81,075 | -100% |
| Amounts payable | 17/49 | €453,534 | €435,301 | -€18,233 | -4.0% |
| Amounts payable after more than one year | 17 | €378,825 | €373,677 | -€5,148 | -1.4% |
| Financial debts | 170/4 | €378,825 | €373,677 | -€5,148 | -1.4% |
| Amounts payable within one year | 42/48 | €74,709 | €58,761 | -€15,949 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €21,175 | €26,330 | +€5,155 | +24.3% |
| Trade debts | 44 | €29,299 | €9,448 | -€19,851 | -67.8% |
| Suppliers | 440/4 | €29,299 | €9,448 | -€19,851 | -67.8% |
| Taxes, remuneration and social security | 45 | €23,174 | €16,550 | -€6,624 | -28.6% |
| Taxes | 450/3 | €20,324 | €16,550 | -€3,774 | -18.6% |
| Remuneration and social security | 454/9 | €2,850 | €0 | -€2,850 | -100% |
| Other amounts payable | 47/48 | €1,061 | €6,433 | +€5,372 | +506% |
| Accrued charges and deferred income | 492/3 | - | €2,863 | +€2,863 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,491 | €23,945 | +€19,454 | +433% |
| Other operating charges | 640/8 | €4,007 | €551 | -€3,456 | -86.3% |
| Gross operating margin | 9900 | €110,583 | €119,507 | +€8,924 | +8.1% |
| Operating profit (loss) | 9901 | €102,085 | €95,011 | -€7,074 | -6.9% |
| Financial income | 75/76B | €145 | €612 | +€467 | +322% |
| Recurring financial income | 75 | €145 | €612 | +€467 | +322% |
| Financial charges | 65/66B | €788 | €14,053 | +€13,265 | +1,683% |
| Recurring financial charges | 65 | €788 | €14,053 | +€13,265 | +1,683% |
| Profit (loss) for the period before taxes | 9903 | €101,442 | €81,571 | -€19,871 | -19.6% |
| Income taxes | 67/77 | €20,367 | €16,734 | -€3,634 | -17.8% |
| Profit (loss) for the period | 9904 | €81,075 | €64,837 | -€16,238 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,075 | €64,837 | -€16,238 | -20.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.