E. BUIJCK: 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.
E. BUIJCK
Largest movements
- Cash +€26,931
up €26,931 (+23.2%), from €116,221 to €143,152
mainly Net result for the year (+€29,692) and Depreciation (+€6,235)
- Tangible fixed assets -€6,235
down €6,235 (-6.2%), from €100,085 to €93,850
- Reserves +€29,692
up €29,692 (+15.9%), from €187,251 to €216,943
- Other debts -€5,641
down €5,641 (-3.8%), from €149,559 to €143,918
- Depreciation -€3,603
down €3,603 (-36.6%), from €9,838 to €6,235
- Gross operating margin -€2,809
down €2,809 (-4.6%), from €60,976 to €58,167
- Taxes +€804
up €804 (+5.5%), from €14,691 to €15,495
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 | €367,308 | €388,640 | +€21,332 | +5.8% |
| Fixed assets | 21/28 | €100,085 | €93,850 | -€6,235 | -6.2% |
| Tangible fixed assets | 22/27 | €100,085 | €93,850 | -€6,235 | -6.2% |
| Land and buildings | 22 | €100,085 | €93,850 | -€6,235 | -6.2% |
| Current assets | 29/58 | €267,223 | €294,790 | +€27,567 | +10.3% |
| Current investments | 50/53 | €150,836 | €151,469 | +€633 | +0.4% |
| Cash at bank and in hand | 54/58 | €116,221 | €143,152 | +€26,931 | +23.2% |
| Deferred charges and accrued income | 490/1 | €165 | €168 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €367,308 | €388,640 | +€21,332 | +5.8% |
| Equity | 10/15 | €205,851 | €235,543 | +€29,692 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,251 | €216,943 | +€29,692 | +15.9% |
| Distributable reserves | 133 | €187,251 | €216,943 | +€29,692 | +15.9% |
| Amounts payable | 17/49 | €161,457 | €153,097 | -€8,360 | -5.2% |
| Amounts payable within one year | 42/48 | €161,457 | €153,097 | -€8,360 | -5.2% |
| Trade debts | 44 | €343 | €115 | -€228 | -66.6% |
| Suppliers | 440/4 | €343 | €115 | -€228 | -66.6% |
| Taxes, remuneration and social security | 45 | €11,555 | €9,064 | -€2,490 | -21.6% |
| Taxes | 450/3 | €11,555 | €9,064 | -€2,490 | -21.6% |
| Other amounts payable | 47/48 | €149,559 | €143,918 | -€5,641 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,838 | €6,235 | -€3,603 | -36.6% |
| Other operating charges | 640/8 | €7,113 | €7,328 | +€216 | +3.0% |
| Gross operating margin | 9900 | €60,976 | €58,167 | -€2,809 | -4.6% |
| Operating profit (loss) | 9901 | €44,025 | €44,603 | +€578 | +1.3% |
| Financial income | 75/76B | €901 | €922 | +€20 | +2.3% |
| Recurring financial income | 75 | €901 | €922 | +€20 | +2.3% |
| Financial charges | 65/66B | €278 | €338 | +€60 | +21.7% |
| Recurring financial charges | 65 | €278 | €338 | +€60 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €44,648 | €45,187 | +€539 | +1.2% |
| Income taxes | 67/77 | €14,691 | €15,495 | +€804 | +5.5% |
| Profit (loss) for the period | 9904 | €29,957 | €29,692 | -€265 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,957 | €29,692 | -€265 | -0.9% |
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 16 October 2026 via checked.be.