VANLOONI: 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.
VANLOONI
Largest movements
- Tangible fixed assets +€51,620
up €51,620 (+116%), from €44,595 to €96,215
of which Other tangible fixed assets: +€56,929
- Receivables within one year +€5,160
up €5,160 (+27.9%), from €18,528 to €23,689
of which Trade receivables: +€6,201
- Cash -€4,707
down €4,707 (-11.5%), from €41,071 to €36,364
mainly Investment in fixed assets (net) (-€63,463) and Other debts (-€7,957)
- Reserves +€55,100
up €55,100 (+76.2%), from €72,303 to €127,403
- Other debts -€7,957
down €7,957 (-53.9%), from €14,774 to €6,818
- Trade debts +€4,281
up €4,281 (+922%), from €464 to €4,746
- Gross operating margin +€9,401
up €9,401 (+12.5%), from €75,365 to €84,766
- Depreciation +€4,890
up €4,890 (+70.3%), from €6,953 to €11,843
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 | €104,194 | €156,268 | +€52,074 | +50.0% |
| Fixed assets | 21/28 | €44,595 | €96,215 | +€51,620 | +116% |
| Tangible fixed assets | 22/27 | €44,595 | €96,215 | +€51,620 | +116% |
| Land and buildings | 22 | €4,264 | €3,568 | -€696 | -16.3% |
| Plant, machinery and equipment | 23 | €252 | €10 | -€242 | -96.1% |
| Furniture and vehicles | 24 | €10,881 | €6,511 | -€4,370 | -40.2% |
| Other tangible fixed assets | 26 | €29,197 | €86,126 | +€56,929 | +195% |
| Current assets | 29/58 | €59,599 | €60,053 | +€454 | +0.8% |
| Amounts receivable within one year | 40/41 | €18,528 | €23,689 | +€5,160 | +27.9% |
| Trade receivables | 40 | €17,488 | €23,689 | +€6,201 | +35.5% |
| Other amounts receivable | 41 | €1,040 | €0 | -€1,040 | -100% |
| Cash at bank and in hand | 54/58 | €41,071 | €36,364 | -€4,707 | -11.5% |
| Total equity and liabilities | 10/49 | €104,194 | €156,268 | +€52,074 | +50.0% |
| Equity | 10/15 | €72,903 | €128,003 | +€55,100 | +75.6% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €72,303 | €127,403 | +€55,100 | +76.2% |
| Distributable reserves | 133 | €72,303 | €127,403 | +€55,100 | +76.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €31,291 | €28,265 | -€3,026 | -9.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,291 | €28,265 | -€3,026 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €479 | €0 | -€479 | -100% |
| Trade debts | 44 | €464 | €4,746 | +€4,281 | +922% |
| Suppliers | 440/4 | €464 | €4,746 | +€4,281 | +922% |
| Taxes, remuneration and social security | 45 | €15,573 | €16,701 | +€1,128 | +7.2% |
| Taxes | 450/3 | €15,573 | €16,701 | +€1,128 | +7.2% |
| Other amounts payable | 47/48 | €14,774 | €6,818 | -€7,957 | -53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,953 | €11,843 | +€4,890 | +70.3% |
| Other operating charges | 640/8 | €1,592 | €2,060 | +€468 | +29.4% |
| Gross operating margin | 9900 | €75,365 | €84,766 | +€9,401 | +12.5% |
| Operating profit (loss) | 9901 | €66,820 | €70,863 | +€4,043 | +6.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €252 | €179 | -€73 | -29.0% |
| Recurring financial charges | 65 | €252 | €179 | -€73 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €66,568 | €70,684 | +€4,116 | +6.2% |
| Income taxes | 67/77 | €14,946 | €15,584 | +€639 | +4.3% |
| Profit (loss) for the period | 9904 | €51,623 | €55,100 | +€3,477 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,623 | €55,100 | +€3,477 | +6.7% |
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 13 October 2026 via checked.be.