VANLOOT: 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
VANLOOT
NACE 41.003, General construction of other non-residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€15,199
2024 · €914,777-€899,578
Equity
€5.6m
2024 · €5.6m+€52,868
Cash
€2.9m
2024 · €1.2m+€1.7m
Balance sheet total
€21.7m
2024 · €19.1m+€2.5m
Largest movements
Assets
- Receivables within one year +€1.9m
up €1.9m (+18.9%), from €10.1m to €12.0m
of which Trade receivables: +€2.2m
- Current investments -€1.7m
down €1.7m (-100.0%), from €1.8m to €62
- Cash +€1.7m
up €1.7m (+134.4%), from €1.2m to €2.9m
mainly Current investments (+€1.7m) and Trade debts (+€841,902)
- Tangible fixed assets +€794,618
up €794,618 (+40.3%), from €2.0m to €2.8m
of which Leasing and similar rights: +€807,833
- Financial fixed assets -€221,145
down €221,145 (-38.7%), from €571,441 to €350,296
of which Affiliated companies: -€220,503
Equity and liabilities
- Trade debts +€841,902
up €841,902 (+11.6%), from €7.2m to €8.1m
- Debts after one year +€751,213
up €751,213 (+52.2%), from €1.4m to €2.2m
- Advances received +€627,611
up €627,611 (+16.3%), from €3.8m to €4.5m
- Current portion of long-term debt +€256,095
up €256,095 (+50.7%), from €505,579 to €761,674
Income statement
- Turnover +€4.2m
up €4.2m (+7.9%), from €53.0m to €57.2m
- Services and other goods +€755,077
up €755,077 (+14.9%), from €5.1m to €5.8m
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
€914,777
Turnover
+€4.2m
Other operating income
+€120,872
Goods and materials
-€209,926
Services and other goods
-€755,077
Staff costs
-€152,688
Depreciation
-€83,915
Write-downs
+€359,405
Provisions
-€97,750
Other operating charges
+€16,849
Other operating items
-€4.3m
Financial income
-€114,539
Financial charges
-€73,739
Other financial items
-€1
Taxes
+€177,729
Deferred taxes and other
+€40,259
Result 2025
€15,199
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
+€128,988
Investment
+€516,453
Financing
+€1.0m
Cash 2024
€1.2m
From operations (derived)
+€128,988
Net result for the year
+€15,199
Depreciation
+€662,480
Stocks and contracts
-€130,654
Receivables within one year
-€1.9m
Deferred charges and accrued income
-€21,192
Provisions
-€7,134
Trade debts
+€841,902
Tax, wage and social debts
+€180,964
Advances received
+€627,611
Other debts
-€150,000
Accrued charges and deferred income
+€8,626
Investment (derived)
+€516,453
Investment in fixed assets (net)
-€1.2m
Current investments
+€1.7m
Financing
+€1.0m
Debts after one year
+€751,213
Current portion of long-term debt
+€256,095
Short-term financial debts
-€20,215
Contributions, distributions and other
+€37,669
Cash 2025
€2.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,138,134 | €21,680,064 | +€2.5m | +13.3% |
| Fixed assets | 21/28 | €2,550,708 | €3,121,774 | +€571,066 | +22.4% |
| Intangible fixed assets | 21 | €7,079 | €4,672 | -€2,407 | -34.0% |
| Tangible fixed assets | 22/27 | €1,972,188 | €2,766,806 | +€794,618 | +40.3% |
| Land and buildings | 22 | €181,876 | €125,725 | -€56,151 | -30.9% |
| Plant, machinery and equipment | 23 | €182,332 | €258,398 | +€76,066 | +41.7% |
| Furniture and vehicles | 24 | €346,261 | €313,132 | -€33,129 | -9.6% |
| Leasing and similar rights | 25 | €1,261,718 | €2,069,551 | +€807,833 | +64.0% |
| Financial fixed assets | 28 | €571,441 | €350,296 | -€221,145 | -38.7% |
| Affiliated companies | 280/1 | €522,176 | €301,673 | -€220,503 | -42.2% |
| Amounts receivable | 281 | €522,176 | €301,673 | -€220,503 | -42.2% |
| Other financial fixed assets | 284/8 | €49,265 | €48,623 | -€642 | -1.3% |
| Amounts receivable and cash guarantees | 285/8 | €49,265 | €48,623 | -€642 | -1.3% |
| Current assets | 29/58 | €16,587,427 | €18,558,291 | +€2.0m | +11.9% |
| Stocks and contracts in progress | 3 | €3,485,330 | €3,615,984 | +€130,654 | +3.7% |
| Stocks | 30/36 | €820,501 | €967,314 | +€146,813 | +17.9% |
| Raw materials and consumables | 30/31 | €820,501 | €967,314 | +€146,813 | +17.9% |
| Contracts in progress | 37 | €2,664,829 | €2,648,670 | -€16,159 | -0.6% |
| Amounts receivable within one year | 40/41 | €10,059,146 | €11,957,960 | +€1.9m | +18.9% |
| Trade receivables | 40 | €7,226,816 | €9,417,039 | +€2.2m | +30.3% |
| Other amounts receivable | 41 | €2,832,330 | €2,540,921 | -€291,409 | -10.3% |
| Current investments | 50/53 | €1,750,061 | €62 | -€1.7m | -100.0% |
| Other investments | 51/53 | €1,750,061 | €62 | -€1.7m | -100.0% |
| Cash at bank and in hand | 54/58 | €1,242,734 | €2,912,936 | +€1.7m | +134.4% |
| Deferred charges and accrued income | 490/1 | €50,156 | €71,348 | +€21,192 | +42.3% |
| Total equity and liabilities | 10/49 | €19,138,134 | €21,680,064 | +€2.5m | +13.3% |
| Equity | 10/15 | €5,585,709 | €5,638,577 | +€52,868 | +0.9% |
| Contributions | 10/11 | €493,347 | €504,111 | +€10,764 | +2.2% |
| Reserves | 13 | €5,088,453 | €5,104,283 | +€15,830 | +0.3% |
| Tax-exempt reserves | 132 | €261,749 | €240,346 | -€21,403 | -8.2% |
| Distributable reserves | 133 | €4,826,704 | €4,863,937 | +€37,233 | +0.8% |
| Profit (loss) carried forward | 14 | - | €29,226 | +€29,226 | |
| Investment grants | 15 | €3,909 | €957 | -€2,952 | -75.5% |
| Provisions and deferred taxes | 16 | €49,666 | €42,532 | -€7,134 | -14.4% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €49,666 | €42,532 | -€7,134 | -14.4% |
| Amounts payable | 17/49 | €13,502,760 | €15,998,955 | +€2.5m | +18.5% |
| Amounts payable after more than one year | 17 | €1,439,058 | €2,190,271 | +€751,213 | +52.2% |
| Financial debts | 170/4 | €1,439,058 | €2,190,271 | +€751,213 | +52.2% |
| Leasing and similar obligations | 172 | €912,299 | €1,474,869 | +€562,570 | +61.7% |
| Credit institutions | 173 | €526,759 | €715,402 | +€188,643 | +35.8% |
| Amounts payable within one year | 42/48 | €12,061,333 | €13,797,690 | +€1.7m | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €505,579 | €761,674 | +€256,095 | +50.7% |
| Financial debts | 43 | €145,833 | €125,618 | -€20,215 | -13.9% |
| Credit institutions | 430/8 | €145,833 | €125,618 | -€20,215 | -13.9% |
| Trade debts | 44 | €7,230,661 | €8,072,563 | +€841,902 | +11.6% |
| Suppliers | 440/4 | €7,230,661 | €8,072,563 | +€841,902 | +11.6% |
| Advances received on contracts in progress | 46 | €3,843,240 | €4,470,851 | +€627,611 | +16.3% |
| Taxes, remuneration and social security | 45 | €186,019 | €366,983 | +€180,964 | +97.3% |
| Taxes | 450/3 | €59,531 | €32,538 | -€26,993 | -45.3% |
| Remuneration and social security | 454/9 | €126,488 | €334,445 | +€207,957 | +164.4% |
| Other amounts payable | 47/48 | €150,000 | €0 | -€150,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,369 | €10,995 | +€8,626 | +364.2% |
| Operating income | 70/76A | €54,455,187 | €54,387,667 | -€67,520 | -0.1% |
| Turnover | 70 | €53,010,797 | €57,174,512 | +€4.2m | +7.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €775,100 | -€3,836,073 | -€4.6m | |
| Other operating income | 74 | €484,190 | €605,062 | +€120,872 | +25.0% |
| Non-recurring operating income | 76A | €185,100 | €444,166 | +€259,066 | +140.0% |
| Operating charges | 60/66A | €53,380,333 | €54,242,100 | +€861,767 | +1.6% |
| Goods for resale, raw materials and consumables | 60 | €45,384,514 | €45,594,440 | +€209,926 | +0.5% |
| Purchases | 600/8 | €45,425,821 | €45,741,253 | +€315,432 | +0.7% |
| Change in stocks: decrease (increase) | 609 | -€41,307 | -€146,813 | -€105,506 | -255.4% |
| Services and other goods | 61 | €5,070,107 | €5,825,184 | +€755,077 | +14.9% |
| Remuneration, social security and pensions | 62 | €2,169,017 | €2,321,705 | +€152,688 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578,565 | €662,480 | +€83,915 | +14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €150,984 | -€208,421 | -€359,405 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€97,750 | €0 | +€97,750 | |
| Other operating charges | 640/8 | €60,948 | €44,099 | -€16,849 | -27.6% |
| Non-recurring operating charges | 66A | €63,948 | €2,613 | -€61,335 | -95.9% |
| Operating profit (loss) | 9901 | €1,074,854 | €145,567 | -€929,287 | -86.5% |
| Financial income | 75/76B | €261,911 | €147,372 | -€114,539 | -43.7% |
| Recurring financial income | 75 | €261,911 | €147,372 | -€114,539 | -43.7% |
| Income from financial fixed assets | 750 | €43,697 | €9,496 | -€34,201 | -78.3% |
| Income from current assets | 751 | €141,121 | €75,746 | -€65,375 | -46.3% |
| Other financial income | 752/9 | €77,093 | €62,130 | -€14,963 | -19.4% |
| Financial charges | 65/66B | €145,287 | €219,026 | +€73,739 | +50.8% |
| Recurring financial charges | 65 | €145,287 | €219,026 | +€73,739 | +50.8% |
| Debt charges | 650 | €117,317 | €97,965 | -€19,352 | -16.5% |
| Other financial charges | 652/9 | €27,970 | €121,061 | +€93,091 | +332.8% |
| Profit (loss) for the period before taxes | 9903 | €1,191,478 | €73,912 | -€1.1m | -93.8% |
| Transfer from deferred taxes | 780 | €10,625 | €7,134 | -€3,491 | -32.9% |
| Transfer to deferred taxes | 680 | €43,750 | €0 | -€43,750 | -100.0% |
| Income taxes | 67/77 | €243,576 | €65,847 | -€177,729 | -73.0% |
| Taxes | 670/3 | €243,606 | €65,847 | -€177,759 | -73.0% |
| Tax adjustments and reversals of tax provisions | 77 | €31 | €0 | -€31 | -100.0% |
| Profit (loss) for the period | 9904 | €914,777 | €15,199 | -€899,578 | -98.3% |
| Transfer from tax-exempt reserves | 789 | €31,875 | €21,403 | -€10,472 | -32.9% |
| Transfer to tax-exempt reserves | 689 | €131,250 | €0 | -€131,250 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €815,402 | €36,602 | -€778,800 | -95.5% |
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 8 October 2026 via checked.be.