DR. PETER VAN EENOO: 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. PETER VAN EENOO
Largest movements
- Cash -€26,014
down €26,014 (-37.8%), from €68,807 to €42,794
mainly Contributions, distributions and other (-€49,932) and Other debts (-€15,854)
- Receivables within one year +€8,832
up €8,832 (+200%), from €4,419 to €13,251
- Tangible fixed assets -€3,162
down €3,162 (-40.4%), from €7,824 to €4,661
of which Leasing and similar rights: -€4,743
- Other debts -€15,854
down €15,854 (-23.1%), from €68,524 to €52,670
- Current portion of long-term debt -€4,808
down €4,808 (-100%), from €4,808 to €0
- Gross operating margin -€24,293
down €24,293 (-25.3%), from €96,050 to €71,756
- Taxes -€4,415
down €4,415 (-25.7%), from €17,174 to €12,759
- Depreciation -€2,029
down €2,029 (-23.5%), from €8,618 to €6,590
- Other operating charges -€1,301
down €1,301 (-48.7%), from €2,675 to €1,373
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 | €81,780 | €60,706 | -€21,073 | -25.8% |
| Fixed assets | 21/28 | €7,824 | €4,661 | -€3,162 | -40.4% |
| Tangible fixed assets | 22/27 | €7,824 | €4,661 | -€3,162 | -40.4% |
| Plant, machinery and equipment | 23 | €804 | €2,926 | +€2,122 | +264% |
| Furniture and vehicles | 24 | €2,277 | €1,735 | -€542 | -23.8% |
| Leasing and similar rights | 25 | €4,743 | €0 | -€4,743 | -100% |
| Current assets | 29/58 | €73,956 | €56,045 | -€17,911 | -24.2% |
| Amounts receivable within one year | 40/41 | €4,419 | €13,251 | +€8,832 | +200% |
| Other amounts receivable | 41 | €4,419 | €13,251 | +€8,832 | +200% |
| Cash at bank and in hand | 54/58 | €68,807 | €42,794 | -€26,014 | -37.8% |
| Deferred charges and accrued income | 490/1 | €729 | €0 | -€729 | -100% |
| Total equity and liabilities | 10/49 | €81,780 | €60,706 | -€21,073 | -25.8% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,280 | €58,206 | -€21,073 | -26.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €74,273 | €53,836 | -€20,437 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €4,808 | €0 | -€4,808 | -100% |
| Financial debts | 43 | - | €2 | +€2 | |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Trade debts | 44 | €767 | €1,164 | +€397 | +51.7% |
| Suppliers | 440/4 | €767 | €1,164 | +€397 | +51.7% |
| Taxes, remuneration and social security | 45 | €174 | €0 | -€174 | -100% |
| Taxes | 450/3 | €174 | €0 | -€174 | -100% |
| Other amounts payable | 47/48 | €68,524 | €52,670 | -€15,854 | -23.1% |
| Accrued charges and deferred income | 492/3 | €5,007 | €4,371 | -€636 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,618 | €6,590 | -€2,029 | -23.5% |
| Other operating charges | 640/8 | €2,675 | €1,373 | -€1,301 | -48.7% |
| Gross operating margin | 9900 | €96,050 | €71,756 | -€24,293 | -25.3% |
| Operating profit (loss) | 9901 | €84,757 | €63,793 | -€20,963 | -24.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +76.5% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +76.5% |
| Financial charges | 65/66B | €149 | €1,102 | +€953 | +639% |
| Recurring financial charges | 65 | €149 | €1,102 | +€953 | +639% |
| Profit (loss) for the period before taxes | 9903 | €84,608 | €62,692 | -€21,916 | -25.9% |
| Income taxes | 67/77 | €17,174 | €12,759 | -€4,415 | -25.7% |
| Profit (loss) for the period | 9904 | €67,434 | €49,932 | -€17,502 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,434 | €49,932 | -€17,502 | -26.0% |
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 22 October 2026 via checked.be.