VANLOOVER: 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.
VANLOOVER
Largest movements
- Tangible fixed assets -€392,563
down €392,563 (-13.2%), from €3.0m to €2.6m
of which Leasing and similar rights: -€338,603
- Receivables within one year -€179,368
down €179,368 (-33.3%), from €538,419 to €359,051
of which Other amounts receivable: -€123,565
- Cash +€161,784
up €161,784 (+1612.3%), from €10,035 to €171,818
mainly Depreciation (+€611,503) and Receivables within one year (+€179,368)
- Debts after one year -€561,362
down €561,362 (-26.6%), from €2.1m to €1.5m
- Trade debts +€126,023
up €126,023 (+2201.0%), from €5,726 to €131,749
- Profit (loss) carried forward +€47,097
up €47,097 (+12.3%), from €384,463 to €431,560
- Gross operating margin -€74,637
down €74,637 (-9.7%), from €768,103 to €693,466
- Write-downs -€29,000
down €29,000, from €0 to -€29,000
- Financial charges -€10,869
down €10,869 (-15.2%), from €71,401 to €60,532
- Taxes -€9,470
down €9,470 (-35.6%), from €26,614 to €17,144
- Depreciation +€9,310
up €9,310 (+1.5%), from €602,192 to €611,503
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,519,787 | €3,110,125 | -€409,663 | -11.6% |
| Fixed assets | 21/28 | €2,971,093 | €2,578,530 | -€392,563 | -13.2% |
| Tangible fixed assets | 22/27 | €2,971,093 | €2,578,530 | -€392,563 | -13.2% |
| Land and buildings | 22 | €444,157 | €617,506 | +€173,348 | +39.0% |
| Plant, machinery and equipment | 23 | €36,622 | €23,349 | -€13,273 | -36.2% |
| Furniture and vehicles | 24 | €553,182 | €344,712 | -€208,470 | -37.7% |
| Leasing and similar rights | 25 | €1,931,566 | €1,592,963 | -€338,603 | -17.5% |
| Assets under construction and advance payments | 27 | €5,566 | €0 | -€5,566 | -100.0% |
| Current assets | 29/58 | €548,694 | €531,595 | -€17,099 | -3.1% |
| Amounts receivable within one year | 40/41 | €538,419 | €359,051 | -€179,368 | -33.3% |
| Trade receivables | 40 | €180,443 | €124,640 | -€55,803 | -30.9% |
| Other amounts receivable | 41 | €357,976 | €234,411 | -€123,565 | -34.5% |
| Cash at bank and in hand | 54/58 | €10,035 | €171,818 | +€161,784 | +1612.3% |
| Deferred charges and accrued income | 490/1 | €241 | €726 | +€485 | +201.4% |
| Total equity and liabilities | 10/49 | €3,519,787 | €3,110,125 | -€409,663 | -11.6% |
| Equity | 10/15 | €789,031 | €830,779 | +€41,749 | +5.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €342,567 | €337,219 | -€5,349 | -1.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,367 | €28,019 | -€5,349 | -16.0% |
| Distributable reserves | 133 | €303,000 | €303,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €384,463 | €431,560 | +€47,097 | +12.3% |
| Provisions and deferred taxes | 16 | €17,233 | €14,428 | -€2,806 | -16.3% |
| Deferred taxes | 168 | €17,233 | €14,428 | -€2,806 | -16.3% |
| Amounts payable | 17/49 | €2,713,524 | €2,264,918 | -€448,606 | -16.5% |
| Amounts payable after more than one year | 17 | €2,109,810 | €1,548,448 | -€561,362 | -26.6% |
| Financial debts | 170/4 | €2,109,810 | €1,548,448 | -€561,362 | -26.6% |
| Amounts payable within one year | 42/48 | €601,548 | €714,924 | +€113,376 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €567,805 | €561,362 | -€6,442 | -1.1% |
| Trade debts | 44 | €5,726 | €131,749 | +€126,023 | +2201.0% |
| Suppliers | 440/4 | €5,726 | €131,749 | +€126,023 | +2201.0% |
| Taxes, remuneration and social security | 45 | €27,886 | €21,716 | -€6,171 | -22.1% |
| Taxes | 450/3 | €27,886 | €21,716 | -€6,171 | -22.1% |
| Other amounts payable | 47/48 | €131 | €97 | -€34 | -26.0% |
| Accrued charges and deferred income | 492/3 | €2,166 | €1,546 | -€619 | -28.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €602,192 | €611,503 | +€9,310 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€29,000 | -€29,000 | |
| Other operating charges | 640/8 | €5,108 | €5,311 | +€204 | +4.0% |
| Gross operating margin | 9900 | €768,103 | €693,466 | -€74,637 | -9.7% |
| Operating profit (loss) | 9901 | €160,803 | €105,652 | -€55,151 | -34.3% |
| Financial income | 75/76B | €8,700 | €10,967 | +€2,267 | +26.1% |
| Recurring financial income | 75 | €8,700 | €10,967 | +€2,267 | +26.1% |
| Financial charges | 65/66B | €71,401 | €60,532 | -€10,869 | -15.2% |
| Recurring financial charges | 65 | €71,401 | €60,532 | -€10,869 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €98,102 | €56,087 | -€42,015 | -42.8% |
| Transfer from deferred taxes | 780 | €2,806 | €2,806 | = | 0.0% |
| Income taxes | 67/77 | €26,614 | €17,144 | -€9,470 | -35.6% |
| Profit (loss) for the period | 9904 | €74,294 | €41,749 | -€32,545 | -43.8% |
| Transfer from tax-exempt reserves | 789 | €5,549 | €5,349 | -€200 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,842 | €47,097 | -€32,745 | -41.0% |
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.