E.C.T. VAN BEERSEL: 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.C.T. VAN BEERSEL
Largest movements
- Cash -€23,468
down €23,468 (-29.4%), from €79,951 to €56,483
mainly Net result for the year (-€30,254) and Other debts (-€5,358)
- Tangible fixed assets -€12,695
down €12,695 (-12.8%), from €99,142 to €86,447
of which Land and buildings: -€7,395
- Profit (loss) carried forward -€28,395
down €28,395 (-55.6%), from -€51,028 to -€79,423
- Other debts -€5,358
down €5,358 (-32.0%), from €16,721 to €11,363
- Reserves -€1,859
down €1,859 (-1.2%), from €156,978 to €155,119
of which Non-distributable reserves: -€1,859
- Gross operating margin -€151,098
down €151,098, from €138,297 to -€12,801
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 | €181,241 | €145,543 | -€35,698 | -19.7% |
| Fixed assets | 21/28 | €99,142 | €86,447 | -€12,695 | -12.8% |
| Tangible fixed assets | 22/27 | €99,142 | €86,447 | -€12,695 | -12.8% |
| Land and buildings | 22 | €78,494 | €71,099 | -€7,395 | -9.4% |
| Furniture and vehicles | 24 | €20,648 | €15,348 | -€5,300 | -25.7% |
| Current assets | 29/58 | €82,099 | €59,096 | -€23,003 | -28.0% |
| Amounts receivable within one year | 40/41 | €1,227 | €1,675 | +€448 | +36.5% |
| Other amounts receivable | 41 | €1,227 | €1,675 | +€448 | +36.5% |
| Cash at bank and in hand | 54/58 | €79,951 | €56,483 | -€23,468 | -29.4% |
| Deferred charges and accrued income | 490/1 | €921 | €938 | +€18 | +1.9% |
| Total equity and liabilities | 10/49 | €181,241 | €145,543 | -€35,698 | -19.7% |
| Equity | 10/15 | €124,542 | €94,288 | -€30,254 | -24.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €156,978 | €155,119 | -€1,859 | -1.2% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Tax-exempt reserves | 132 | €126,206 | €126,206 | = | 0.0% |
| Distributable reserves | 133 | €28,913 | €28,913 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,028 | -€79,423 | -€28,395 | -55.6% |
| Provisions and deferred taxes | 16 | €39,669 | €39,669 | = | 0.0% |
| Deferred taxes | 168 | €39,669 | €39,669 | = | 0.0% |
| Amounts payable | 17/49 | €17,031 | €11,587 | -€5,444 | -32.0% |
| Amounts payable within one year | 42/48 | €17,031 | €11,587 | -€5,444 | -32.0% |
| Trade debts | 44 | €310 | €224 | -€86 | -27.7% |
| Suppliers | 440/4 | €310 | €224 | -€86 | -27.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,721 | €11,363 | -€5,358 | -32.0% |
| Non-recurring operating income | 76A | €158,674 | €0 | -€158,674 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,561 | €12,695 | +€134 | +1.1% |
| Other operating charges | 640/8 | €3,841 | €3,180 | -€661 | -17.2% |
| Gross operating margin | 9900 | €138,297 | -€12,801 | -€151,098 | |
| Operating profit (loss) | 9901 | €121,895 | -€28,676 | -€150,571 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €185 | €163 | -€22 | -11.7% |
| Recurring financial charges | 65 | €185 | €163 | -€22 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €121,710 | -€28,839 | -€150,549 | |
| Transfer to deferred taxes | 680 | €39,669 | €0 | -€39,669 | -100% |
| Income taxes | 67/77 | €1,988 | €1,415 | -€573 | -28.8% |
| Profit (loss) for the period | 9904 | €80,054 | -€30,254 | -€110,308 | |
| Transfer to tax-exempt reserves | 689 | €119,006 | €0 | -€119,006 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,952 | -€30,254 | +€8,698 | +22.3% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.