ELEONORE VERLEYEN: 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.
ELEONORE VERLEYEN
Largest movements
- Cash -€9,813
down €9,813 (-18.0%), from €54,659 to €44,846
mainly Other debts (-€7,052) and Tax, wage and social debts (-€5,561)
- Tangible fixed assets -€1,403
down €1,403 (-81.2%), from €1,728 to €325
- Other debts -€7,052
down €7,052 (-61.5%), from €11,461 to €4,409
- Tax, wage and social debts -€5,561
down €5,561 (-59.3%), from €9,385 to €3,824
of which Taxes: -€5,241
- Profit (loss) carried forward +€4,360
up €4,360 (+15.8%), from €27,537 to €31,898
- Debts after one year -€3,089
down €3,089 (-74.5%), from €4,145 to €1,056
- Gross operating margin -€11,336
down €11,336 (-55.4%), from €20,454 to €9,118
- Depreciation -€4,042
down €4,042 (-74.2%), from €5,445 to €1,403
- Taxes -€1,849
down €1,849 (-45.5%), from €4,063 to €2,214
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 | €56,660 | €45,819 | -€10,841 | -19.1% |
| Fixed assets | 21/28 | €1,728 | €325 | -€1,403 | -81.2% |
| Tangible fixed assets | 22/27 | €1,728 | €325 | -€1,403 | -81.2% |
| Furniture and vehicles | 24 | €1,728 | €325 | -€1,403 | -81.2% |
| Current assets | 29/58 | €54,932 | €45,494 | -€9,439 | -17.2% |
| Amounts receivable within one year | 40/41 | - | €356 | +€356 | |
| Other amounts receivable | 41 | - | €356 | +€356 | |
| Cash at bank and in hand | 54/58 | €54,659 | €44,846 | -€9,813 | -18.0% |
| Deferred charges and accrued income | 490/1 | €274 | €292 | +€18 | +6.6% |
| Total equity and liabilities | 10/49 | €56,660 | €45,819 | -€10,841 | -19.1% |
| Equity | 10/15 | €28,537 | €32,898 | +€4,360 | +15.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,537 | €31,898 | +€4,360 | +15.8% |
| Amounts payable | 17/49 | €28,123 | €12,921 | -€15,202 | -54.1% |
| Amounts payable after more than one year | 17 | €4,145 | €1,056 | -€3,089 | -74.5% |
| Financial debts | 170/4 | €4,145 | €1,056 | -€3,089 | -74.5% |
| Amounts payable within one year | 42/48 | €23,978 | €11,770 | -€12,208 | -50.9% |
| Current portion of amounts payable after more than one year | 42 | €3,046 | €3,099 | +€53 | +1.8% |
| Trade debts | 44 | €86 | €437 | +€351 | +410% |
| Suppliers | 440/4 | €86 | €437 | +€351 | +410% |
| Taxes, remuneration and social security | 45 | €9,385 | €3,824 | -€5,561 | -59.3% |
| Taxes | 450/3 | €9,065 | €3,824 | -€5,241 | -57.8% |
| Remuneration and social security | 454/9 | €320 | - | -€320 | |
| Other amounts payable | 47/48 | €11,461 | €4,409 | -€7,052 | -61.5% |
| Accrued charges and deferred income | 492/3 | - | €95 | +€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,445 | €1,403 | -€4,042 | -74.2% |
| Gross operating margin | 9900 | €20,454 | €9,118 | -€11,336 | -55.4% |
| Operating profit (loss) | 9901 | €15,009 | €7,715 | -€7,294 | -48.6% |
| Financial charges | 65/66B | €280 | €307 | +€27 | +9.8% |
| Recurring financial charges | 65 | €280 | €307 | +€27 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €14,729 | €7,408 | -€7,321 | -49.7% |
| Income taxes | 67/77 | €4,063 | €2,214 | -€1,849 | -45.5% |
| Profit (loss) for the period | 9904 | €10,666 | €5,193 | -€5,473 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,666 | €5,193 | -€5,473 | -51.3% |
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 25 October 2026 via checked.be.