De Eigenaarsbond: 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.
De Eigenaarsbond
Largest movements
- Current investments +€75,430
new in 2025: €75,430
- Cash -€56,046
down €56,046 (-85.1%), from €65,884 to €9,838
mainly Current investments (-€75,430) and Investment in fixed assets (net) (-€67,248)
- Receivables within one year -€51,667
down €51,667 (-86.5%), from €59,718 to €8,051
of which Other amounts receivable: -€55,580
- Tangible fixed assets +€33,523
up €33,523 (+378%), from €8,860 to €42,383
of which Furniture and vehicles: +€31,889
- Formation expenses +€23,058
up €23,058 (+586%), from €3,936 to €26,995
- Profit (loss) carried forward +€57,178
up €57,178 (+91.6%), from €62,390 to €119,568
- Trade debts -€56,742
down €56,742 (-71.4%), from €79,429 to €22,686
- Tax, wage and social debts +€16,136
up €16,136 (+89.4%), from €18,057 to €34,192
of which Remuneration and social security: +€13,898
- Debts after one year +€12,944
up €12,944, from €0 to €12,944
- Current portion of long-term debt +€4,128
up €4,128 (+71.6%), from €5,768 to €9,896
- Gross operating margin +€166,119
up €166,119 (+90.8%), from €182,991 to €349,110
- Staff costs +€107,566
up €107,566 (+89.1%), from €120,732 to €228,298
- Depreciation -€7,402
down €7,402 (-32.4%), from €22,861 to €15,459
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 | €165,644 | €199,286 | +€33,642 | +20.3% |
| Formation expenses | 20 | €3,936 | €26,995 | +€23,058 | +586% |
| Fixed assets | 21/28 | €33,200 | €61,931 | +€28,730 | +86.5% |
| Intangible fixed assets | 21 | €15,250 | €8,699 | -€6,551 | -43.0% |
| Tangible fixed assets | 22/27 | €8,860 | €42,383 | +€33,523 | +378% |
| Land and buildings | 22 | €3,651 | €2,800 | -€851 | -23.3% |
| Plant, machinery and equipment | 23 | - | €2,486 | +€2,486 | |
| Furniture and vehicles | 24 | €5,209 | €37,098 | +€31,889 | +612% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €9,090 | €10,849 | +€1,759 | +19.3% |
| Current assets | 29/58 | €128,507 | €110,360 | -€18,147 | -14.1% |
| Amounts receivable within one year | 40/41 | €59,718 | €8,051 | -€51,667 | -86.5% |
| Trade receivables | 40 | €4,138 | €8,051 | +€3,913 | +94.6% |
| Other amounts receivable | 41 | €55,580 | €0 | -€55,580 | -100% |
| Current investments | 50/53 | - | €75,430 | +€75,430 | |
| Cash at bank and in hand | 54/58 | €65,884 | €9,838 | -€56,046 | -85.1% |
| Deferred charges and accrued income | 490/1 | €2,905 | €17,041 | +€14,136 | +487% |
| Total equity and liabilities | 10/49 | €165,644 | €199,286 | +€33,642 | +20.3% |
| Equity | 10/15 | €62,390 | €119,568 | +€57,178 | +91.6% |
| Profit (loss) carried forward | 14 | €62,390 | €119,568 | +€57,178 | +91.6% |
| Amounts payable | 17/49 | €103,253 | €79,718 | -€23,536 | -22.8% |
| Amounts payable after more than one year | 17 | €0 | €12,944 | +€12,944 | |
| Financial debts | 170/4 | €0 | €12,944 | +€12,944 | |
| Amounts payable within one year | 42/48 | €103,253 | €66,774 | -€36,479 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €5,768 | €9,896 | +€4,128 | +71.6% |
| Trade debts | 44 | €79,429 | €22,686 | -€56,742 | -71.4% |
| Suppliers | 440/4 | €79,429 | €22,686 | -€56,742 | -71.4% |
| Taxes, remuneration and social security | 45 | €18,057 | €34,192 | +€16,136 | +89.4% |
| Taxes | 450/3 | €3,038 | €5,276 | +€2,238 | +73.7% |
| Remuneration and social security | 454/9 | €15,019 | €28,916 | +€13,898 | +92.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €120,732 | €228,298 | +€107,566 | +89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,861 | €15,459 | -€7,402 | -32.4% |
| Other operating charges | 640/8 | €1,952 | €645 | -€1,307 | -67.0% |
| Non-recurring operating charges | 66A | €0 | €44,877 | +€44,877 | |
| Gross operating margin | 9900 | €182,991 | €349,110 | +€166,119 | +90.8% |
| Operating profit (loss) | 9901 | €37,447 | €59,830 | +€22,384 | +59.8% |
| Financial income | 75/76B | €0 | €513 | +€513 | |
| Recurring financial income | 75 | €0 | €513 | +€513 | |
| Financial charges | 65/66B | €1,309 | €3,166 | +€1,857 | +142% |
| Recurring financial charges | 65 | €1,309 | €3,166 | +€1,857 | +142% |
| Profit (loss) for the period before taxes | 9903 | €36,138 | €57,178 | +€21,040 | +58.2% |
| Profit (loss) for the period | 9904 | €36,138 | €57,178 | +€21,040 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,138 | €57,178 | +€21,040 | +58.2% |
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 14 October 2026 via checked.be.