VANLOO: 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.
What changed
VANLOO
NACE 46.649, Wholesale of other machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€132,902
2024 · €168,120-€35,218
Equity
€579,560
2024 · €473,516+€106,044
Cash
€152,600
2024 · €162,367-€9,767
Balance sheet total
€1.9m
2024 · €2.0m-€27,270
Largest movements
Assets
- Tangible fixed assets -€116,547
down €116,547 (-29.1%), from €399,999 to €283,452
of which Plant, machinery and equipment: -€113,755
- Receivables within one year +€109,670
up €109,670 (+20.9%), from €525,686 to €635,355
of which Trade receivables: +€177,480
Equity and liabilities
- Trade debts -€100,606
down €100,606 (-17.8%), from €564,941 to €464,335
- Reserves +€100,000
up €100,000 (+23.0%), from €435,322 to €535,322
of which Distributable reserves: +€100,000
- Other debts -€32,639
down €32,639 (-8.7%), from €374,697 to €342,058
Income statement
- Gross operating margin -€37,670
down €37,670 (-10.4%), from €361,547 to €323,877
- Write-downs -€17,878
down €17,878 (-76.1%), from €23,483 to €5,605
- Depreciation +€11,672
up €11,672 (+10.2%), from €114,374 to €126,047
- Financial income -€4,709
down €4,709 (-37.6%), from €12,512 to €7,803
of which Financial income: -€3,984
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.
Result 2024
€168,120
Gross operating margin
-€37,670
Depreciation
-€11,672
Write-downs
+€17,878
Provisions
-€1,476
Other operating charges
+€63
Financial income
-€4,709
Financial charges
+€113
Taxes
+€2,255
Result 2025
€132,902
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.
From operations
+€40,708
Investment
-€9,500
Financing
-€40,975
Cash 2024
€162,367
From operations (derived)
+€40,708
Net result for the year
+€132,902
Depreciation
+€126,047
Stocks and contracts
+€11,150
Receivables within one year
-€109,670
Deferred charges and accrued income
-€524
Provisions
+€8,884
Trade debts
-€100,606
Tax, wage and social debts
+€2,449
Advances received
-€289
Other debts
-€32,639
Accrued charges and deferred income
+€3,005
Investment (derived)
-€9,500
Investment in fixed assets (net)
-€9,500
Financing
-€40,975
Debts after one year
-€14,118
Contributions, distributions and other
-€26,857
Cash 2025
€152,600
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,953,716 | €1,926,445 | -€27,270 | -1.4% |
| Fixed assets | 21/28 | €1,218,313 | €1,101,766 | -€116,547 | -9.6% |
| Tangible fixed assets | 22/27 | €399,999 | €283,452 | -€116,547 | -29.1% |
| Plant, machinery and equipment | 23 | €396,806 | €283,051 | -€113,755 | -28.7% |
| Furniture and vehicles | 24 | €3,193 | €401 | -€2,792 | -87.4% |
| Financial fixed assets | 28 | €818,314 | €818,314 | = | 0.0% |
| Current assets | 29/58 | €735,403 | €824,679 | +€89,276 | +12.1% |
| Stocks and contracts in progress | 3 | €47,350 | €36,200 | -€11,150 | -23.5% |
| Stocks | 30/36 | €47,350 | €36,200 | -€11,150 | -23.5% |
| Amounts receivable within one year | 40/41 | €525,686 | €635,355 | +€109,670 | +20.9% |
| Trade receivables | 40 | €168,077 | €345,557 | +€177,480 | +105.6% |
| Other amounts receivable | 41 | €357,609 | €289,798 | -€67,810 | -19.0% |
| Cash at bank and in hand | 54/58 | €162,367 | €152,600 | -€9,767 | -6.0% |
| Deferred charges and accrued income | 490/1 | - | €524 | +€524 | |
| Total equity and liabilities | 10/49 | €1,953,716 | €1,926,445 | -€27,270 | -1.4% |
| Equity | 10/15 | €473,516 | €579,560 | +€106,044 | +22.4% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €435,322 | €535,322 | +€100,000 | +23.0% |
| Non-distributable reserves | 130/1 | €3,223 | €3,223 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,223 | €3,223 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,099 | €32,099 | = | 0.0% |
| Distributable reserves | 133 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Profit (loss) carried forward | 14 | €5,918 | €11,987 | +€6,069 | +102.5% |
| Investment grants | 15 | €50 | €25 | -€24 | -49.2% |
| Provisions and deferred taxes | 16 | €161,386 | €170,269 | +€8,884 | +5.5% |
| Provisions for liabilities and charges | 160/5 | €161,366 | €170,259 | +€8,894 | +5.5% |
| Other liabilities and charges | 164/5 | €161,366 | €170,259 | +€8,894 | +5.5% |
| Deferred taxes | 168 | €20 | €10 | -€10 | -49.3% |
| Amounts payable | 17/49 | €1,318,814 | €1,176,616 | -€142,198 | -10.8% |
| Amounts payable after more than one year | 17 | €114,706 | €100,588 | -€14,118 | -12.3% |
| Financial debts | 170/4 | €114,706 | €100,588 | -€14,118 | -12.3% |
| Amounts payable within one year | 42/48 | €962,219 | €831,134 | -€131,085 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €14,118 | €14,118 | = | 0.0% |
| Trade debts | 44 | €564,941 | €464,335 | -€100,606 | -17.8% |
| Suppliers | 440/4 | €564,941 | €464,335 | -€100,606 | -17.8% |
| Advances received on contracts in progress | 46 | €8,454 | €8,165 | -€289 | -3.4% |
| Taxes, remuneration and social security | 45 | €9 | €2,458 | +€2,449 | +26475.6% |
| Taxes | 450/3 | €9 | €2,458 | +€2,449 | +26475.6% |
| Other amounts payable | 47/48 | €374,697 | €342,058 | -€32,639 | -8.7% |
| Accrued charges and deferred income | 492/3 | €241,889 | €244,894 | +€3,005 | +1.2% |
| Non-recurring operating income | 76A | - | €31,500 | +€31,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,374 | €126,047 | +€11,672 | +10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,483 | €5,605 | -€17,878 | -76.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,417 | €8,894 | +€1,476 | +19.9% |
| Other operating charges | 640/8 | €2,976 | €2,913 | -€63 | -2.1% |
| Gross operating margin | 9900 | €361,547 | €323,877 | -€37,670 | -10.4% |
| Operating profit (loss) | 9901 | €213,296 | €180,419 | -€32,877 | -15.4% |
| Financial income | 75/76B | €12,512 | €7,803 | -€4,709 | -37.6% |
| Recurring financial income | 75 | €11,787 | €7,803 | -€3,984 | -33.8% |
| Non-recurring financial income | 76B | €725 | - | -€725 | |
| Financial charges | 65/66B | €19,453 | €19,340 | -€113 | -0.6% |
| Recurring financial charges | 65 | €17,658 | €19,340 | +€1,683 | +9.5% |
| Non-recurring financial charges | 66B | €1,795 | - | -€1,795 | |
| Profit (loss) for the period before taxes | 9903 | €206,355 | €168,882 | -€37,473 | -18.2% |
| Transfer from deferred taxes | 780 | €10 | €10 | = | 0.0% |
| Income taxes | 67/77 | €38,245 | €35,990 | -€2,255 | -5.9% |
| Profit (loss) for the period | 9904 | €168,120 | €132,902 | -€35,218 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €168,120 | €132,902 | -€35,218 | -20.9% |
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 3 October 2026 via checked.be.