VE LASWERKEN: 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.
VE LASWERKEN
Largest movements
- Tangible fixed assets +€57,357
up €57,357 (+116%), from €49,635 to €106,992
of which Furniture and vehicles: +€71,347
- Cash -€11,755
down €11,755 (-13.7%), from €85,747 to €73,993
mainly Investment in fixed assets (net) (-€91,021) and Contributions, distributions and other (-€87,596)
- Receivables within one year -€6,502
down €6,502 (-6.6%), from €98,125 to €91,623
of which Trade receivables: -€6,447
- Profit (loss) carried forward -€65,381
down €65,381 (-79.3%), from €82,492 to €17,110
- Other debts +€54,457
up €54,457 (+272%), from €20,000 to €74,457
- Debts after one year +€34,503
up €34,503 (+48.0%), from €71,808 to €106,311
- Tax, wage and social debts +€9,767
up €9,767 (+275%), from €3,550 to €13,317
- Current portion of long-term debt +€6,828
up €6,828 (+35.7%), from €19,108 to €25,936
- Gross operating margin +€8,112
up €8,112 (+13.6%), from €59,640 to €67,752
- Depreciation +€3,986
up €3,986 (+13.4%), from €29,678 to €33,664
- Other operating charges +€1,977
up €1,977 (+192%), from €1,030 to €3,006
- Financial charges +€1,280
up €1,280 (+108%), from €1,183 to €2,463
- Taxes +€1,001
up €1,001 (+18.5%), from €5,420 to €6,421
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 | €234,561 | €272,607 | +€38,046 | +16.2% |
| Fixed assets | 21/28 | €49,635 | €106,992 | +€57,357 | +116% |
| Tangible fixed assets | 22/27 | €49,635 | €106,992 | +€57,357 | +116% |
| Plant, machinery and equipment | 23 | €31,667 | €17,677 | -€13,990 | -44.2% |
| Furniture and vehicles | 24 | €17,968 | €89,315 | +€71,347 | +397% |
| Current assets | 29/58 | €184,926 | €165,615 | -€19,311 | -10.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €98,125 | €91,623 | -€6,502 | -6.6% |
| Trade receivables | 40 | €11,124 | €4,677 | -€6,447 | -58.0% |
| Other amounts receivable | 41 | €87,001 | €86,945 | -€55 | -0.1% |
| Cash at bank and in hand | 54/58 | €85,747 | €73,993 | -€11,755 | -13.7% |
| Deferred charges and accrued income | 490/1 | €1,054 | €0 | -€1,054 | -100% |
| Total equity and liabilities | 10/49 | €234,561 | €272,607 | +€38,046 | +16.2% |
| Equity | 10/15 | €95,092 | €29,710 | -€65,381 | -68.8% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,492 | €17,110 | -€65,381 | -79.3% |
| Amounts payable | 17/49 | €139,470 | €242,897 | +€103,427 | +74.2% |
| Amounts payable after more than one year | 17 | €71,808 | €106,311 | +€34,503 | +48.0% |
| Financial debts | 170/4 | €71,808 | €106,311 | +€34,503 | +48.0% |
| Amounts payable within one year | 42/48 | €67,662 | €136,585 | +€68,924 | +102% |
| Current portion of amounts payable after more than one year | 42 | €19,108 | €25,936 | +€6,828 | +35.7% |
| Trade debts | 44 | €25,003 | €22,875 | -€2,128 | -8.5% |
| Suppliers | 440/4 | €25,003 | €22,875 | -€2,128 | -8.5% |
| Taxes, remuneration and social security | 45 | €3,550 | €13,317 | +€9,767 | +275% |
| Taxes | 450/3 | €3,550 | €13,317 | +€9,767 | +275% |
| Other amounts payable | 47/48 | €20,000 | €74,457 | +€54,457 | +272% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,678 | €33,664 | +€3,986 | +13.4% |
| Other operating charges | 640/8 | €1,030 | €3,006 | +€1,977 | +192% |
| Gross operating margin | 9900 | €59,640 | €67,752 | +€8,112 | +13.6% |
| Operating profit (loss) | 9901 | €28,932 | €31,082 | +€2,150 | +7.4% |
| Financial income | 75/76B | €70 | €17 | -€53 | -75.5% |
| Recurring financial income | 75 | €70 | €17 | -€53 | -75.5% |
| Financial charges | 65/66B | €1,183 | €2,463 | +€1,280 | +108% |
| Recurring financial charges | 65 | €1,183 | €2,463 | +€1,280 | +108% |
| Profit (loss) for the period before taxes | 9903 | €27,819 | €28,636 | +€817 | +2.9% |
| Income taxes | 67/77 | €5,420 | €6,421 | +€1,001 | +18.5% |
| Profit (loss) for the period | 9904 | €22,399 | €22,215 | -€184 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,399 | €22,215 | -€184 | -0.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.