VANLUYTEN P.: 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.
VANLUYTEN P.
Largest movements
- Receivables within one year -€25,964
down €25,964 (-25.8%), from €100,827 to €74,863
of which Trade receivables: -€18,088
- Deferred charges and accrued income -€9,922
down €9,922 (-77.2%), from €12,857 to €2,934
- Cash +€5,727
up €5,727 (+8.0%), from €71,874 to €77,601
mainly Short-term financial debts (+€35,065) and Receivables within one year (+€25,964)
- Short-term financial debts +€35,065
up €35,065 (+355%), from €9,880 to €44,945
- Profit (loss) carried forward -€30,178
down €30,178, from €961 to -€29,216
- Tax, wage and social debts -€19,241
down €19,241 (-49.0%), from €39,259 to €20,019
of which Taxes: -€14,381
- Current portion of long-term debt -€12,026
down €12,026 (-74.8%), from €16,079 to €4,053
- Debts after one year -€4,053
no longer reported in 2025 (was €4,053)
- Gross operating margin -€152,425
down €152,425 (-58.4%), from €261,018 to €108,593
- Staff costs -€72,397
down €72,397 (-39.7%), from €182,405 to €110,008
- Depreciation -€13,991
down €13,991 (-93.2%), from €15,007 to €1,016
- Other operating charges -€9,603
down €9,603 (-28.9%), from €33,190 to €23,587
- Taxes -€8,806
no longer reported in 2025 (was €8,806)
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 | €191,443 | €160,267 | -€31,175 | -16.3% |
| Fixed assets | 21/28 | €5,885 | €4,869 | -€1,016 | -17.3% |
| Tangible fixed assets | 22/27 | €2,345 | €1,329 | -€1,016 | -43.3% |
| Plant, machinery and equipment | 23 | €2,345 | €1,329 | -€1,016 | -43.3% |
| Financial fixed assets | 28 | €3,540 | €3,540 | = | 0.0% |
| Current assets | 29/58 | €185,558 | €155,398 | -€30,159 | -16.3% |
| Amounts receivable within one year | 40/41 | €100,827 | €74,863 | -€25,964 | -25.8% |
| Trade receivables | 40 | €88,708 | €70,620 | -€18,088 | -20.4% |
| Other amounts receivable | 41 | €12,119 | €4,243 | -€7,876 | -65.0% |
| Cash at bank and in hand | 54/58 | €71,874 | €77,601 | +€5,727 | +8.0% |
| Deferred charges and accrued income | 490/1 | €12,857 | €2,934 | -€9,922 | -77.2% |
| Total equity and liabilities | 10/49 | €191,443 | €160,267 | -€31,175 | -16.3% |
| Equity | 10/15 | €88,901 | €58,723 | -€30,178 | -33.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €75,540 | €75,540 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,980 | €15,980 | = | 0.0% |
| Distributable reserves | 133 | €59,560 | €59,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €961 | -€29,216 | -€30,178 | |
| Amounts payable | 17/49 | €102,541 | €101,544 | -€997 | -1.0% |
| Amounts payable after more than one year | 17 | €4,053 | - | -€4,053 | |
| Financial debts | 170/4 | €4,053 | - | -€4,053 | |
| Amounts payable within one year | 42/48 | €98,489 | €101,544 | +€3,055 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €16,079 | €4,053 | -€12,026 | -74.8% |
| Financial debts | 43 | €9,880 | €44,945 | +€35,065 | +355% |
| Credit institutions | 430/8 | €9,880 | €44,945 | +€35,065 | +355% |
| Trade debts | 44 | €33,271 | €32,528 | -€743 | -2.2% |
| Suppliers | 440/4 | €33,271 | €32,528 | -€743 | -2.2% |
| Taxes, remuneration and social security | 45 | €39,259 | €20,019 | -€19,241 | -49.0% |
| Taxes | 450/3 | €26,560 | €12,179 | -€14,381 | -54.1% |
| Remuneration and social security | 454/9 | €12,699 | €7,840 | -€4,859 | -38.3% |
| Non-recurring operating income | 76A | - | €1,240 | +€1,240 | |
| Remuneration, social security and pensions | 62 | €182,405 | €110,008 | -€72,397 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,007 | €1,016 | -€13,991 | -93.2% |
| Other operating charges | 640/8 | €33,190 | €23,587 | -€9,603 | -28.9% |
| Non-recurring operating charges | 66A | €966 | €262 | -€704 | -72.8% |
| Gross operating margin | 9900 | €261,018 | €108,593 | -€152,425 | -58.4% |
| Operating profit (loss) | 9901 | €29,450 | -€26,280 | -€55,730 | |
| Financial income | 75/76B | €1,307 | €521 | -€786 | -60.1% |
| Recurring financial income | 75 | €1,307 | €521 | -€786 | -60.1% |
| Financial charges | 65/66B | €4,104 | €4,419 | +€315 | +7.7% |
| Recurring financial charges | 65 | €4,104 | €4,419 | +€315 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €26,653 | -€30,178 | -€56,831 | |
| Income taxes | 67/77 | €8,806 | - | -€8,806 | |
| Profit (loss) for the period | 9904 | €17,847 | -€30,178 | -€48,025 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,847 | -€30,178 | -€48,025 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.