Dr. KOEN VAN EYGEN: 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.
Dr. KOEN VAN EYGEN
Largest movements
- Current investments +€287,356
up €287,356 (+31.4%), from €916,092 to €1.2m
- Deferred charges and accrued income +€51,560
up €51,560 (+72.1%), from €71,531 to €123,090
- Cash -€37,018
down €37,018 (-9.6%), from €385,540 to €348,522
mainly Current investments (-€287,356) and Deferred charges and accrued income (-€51,560)
- Reserves +€290,550
up €290,550 (+19.9%), from €1.5m to €1.7m
- Gross operating margin +€29,505
up €29,505 (+7.2%), from €412,085 to €441,590
- Financial charges +€12,655
up €12,655 (+20,694%), from €61 to €12,716
- Taxes +€5,063
up €5,063 (+4.0%), from €125,458 to €130,521
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 | €1,511,692 | €1,809,474 | +€297,782 | +19.7% |
| Fixed assets | 21/28 | €138,529 | €134,414 | -€4,116 | -3.0% |
| Tangible fixed assets | 22/27 | €138,071 | €133,955 | -€4,116 | -3.0% |
| Land and buildings | 22 | €113,628 | €112,339 | -€1,289 | -1.1% |
| Furniture and vehicles | 24 | €19,254 | €11,336 | -€7,918 | -41.1% |
| Other tangible fixed assets | 26 | €5,189 | €10,281 | +€5,091 | +98.1% |
| Financial fixed assets | 28 | €459 | €459 | = | 0.0% |
| Current assets | 29/58 | €1,373,162 | €1,675,060 | +€301,898 | +22.0% |
| Current investments | 50/53 | €916,092 | €1,203,448 | +€287,356 | +31.4% |
| Cash at bank and in hand | 54/58 | €385,540 | €348,522 | -€37,018 | -9.6% |
| Deferred charges and accrued income | 490/1 | €71,531 | €123,090 | +€51,560 | +72.1% |
| Total equity and liabilities | 10/49 | €1,511,692 | €1,809,474 | +€297,782 | +19.7% |
| Equity | 10/15 | €1,470,574 | €1,761,124 | +€290,550 | +19.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,458,074 | €1,748,624 | +€290,550 | +19.9% |
| Distributable reserves | 133 | €1,458,074 | €1,748,624 | +€290,550 | +19.9% |
| Amounts payable | 17/49 | €41,118 | €48,350 | +€7,233 | +17.6% |
| Amounts payable within one year | 42/48 | €35,432 | €41,242 | +€5,810 | +16.4% |
| Taxes, remuneration and social security | 45 | €21,803 | €25,412 | +€3,609 | +16.6% |
| Taxes | 450/3 | €21,803 | €25,412 | +€3,609 | +16.6% |
| Other amounts payable | 47/48 | €13,629 | €15,829 | +€2,200 | +16.1% |
| Accrued charges and deferred income | 492/3 | €5,686 | €7,109 | +€1,423 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,180 | €23,054 | +€874 | +3.9% |
| Other operating charges | 640/8 | €2,397 | €1,778 | -€619 | -25.8% |
| Gross operating margin | 9900 | €412,085 | €441,590 | +€29,505 | +7.2% |
| Operating profit (loss) | 9901 | €387,508 | €416,758 | +€29,250 | +7.5% |
| Financial income | 75/76B | €20,433 | €17,029 | -€3,404 | -16.7% |
| Recurring financial income | 75 | €20,433 | €17,029 | -€3,404 | -16.7% |
| Financial charges | 65/66B | €61 | €12,716 | +€12,655 | +20,694% |
| Recurring financial charges | 65 | €61 | €12,716 | +€12,655 | +20,694% |
| Profit (loss) for the period before taxes | 9903 | €407,880 | €421,071 | +€13,191 | +3.2% |
| Income taxes | 67/77 | €125,458 | €130,521 | +€5,063 | +4.0% |
| Profit (loss) for the period | 9904 | €282,422 | €290,550 | +€8,128 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €282,422 | €290,550 | +€8,128 | +2.9% |
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 24 October 2026 via checked.be.