ELIARD-VANTHIELEN: 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.
ELIARD-VANTHIELEN
Largest movements
- Cash -€35,259
down €35,259 (-77.4%), from €45,542 to €10,283
mainly Trade debts (-€43,922) and Deferred charges and accrued income (-€12,405)
- Receivables within one year -€19,122
down €19,122 (-43.6%), from €43,862 to €24,740
of which Trade receivables: -€19,153
- Deferred charges and accrued income +€12,405
up €12,405 (+470%), from €2,637 to €15,042
- Trade debts -€43,922
down €43,922 (-95.4%), from €46,029 to €2,106
- Tax, wage and social debts -€4,452
down €4,452 (-44.5%), from €10,014 to €5,562
- Profit (loss) carried forward +€3,204
up €3,204 (+229%), from €1,398 to €4,602
- Other debts +€2,489
up €2,489 (+299%), from €832 to €3,321
- Gross operating margin +€8,847
up €8,847, from -€2,823 to €6,024
- Financial charges -€262
down €262 (-15.8%), from €1,659 to €1,397
- Financial income -€249
no longer reported in 2025 (was €249)
- Other operating charges +€89
up €89 (+18.2%), from €488 to €577
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 | €132,341 | €89,660 | -€42,681 | -32.3% |
| Fixed assets | 21/28 | €40,299 | €39,595 | -€705 | -1.7% |
| Tangible fixed assets | 22/27 | €40,299 | €39,595 | -€705 | -1.7% |
| Land and buildings | 22 | €37,480 | €37,480 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,819 | €2,115 | -€705 | -25.0% |
| Current assets | 29/58 | €92,041 | €50,065 | -€41,976 | -45.6% |
| Amounts receivable within one year | 40/41 | €43,862 | €24,740 | -€19,122 | -43.6% |
| Trade receivables | 40 | €43,862 | €24,709 | -€19,153 | -43.7% |
| Other amounts receivable | 41 | - | €31 | +€31 | |
| Cash at bank and in hand | 54/58 | €45,542 | €10,283 | -€35,259 | -77.4% |
| Deferred charges and accrued income | 490/1 | €2,637 | €15,042 | +€12,405 | +470% |
| Total equity and liabilities | 10/49 | €132,341 | €89,660 | -€42,681 | -32.3% |
| Equity | 10/15 | €75,466 | €78,670 | +€3,204 | +4.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €61,668 | €61,668 | = | 0.0% |
| Distributable reserves | 133 | €61,668 | €61,668 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,398 | €4,602 | +€3,204 | +229% |
| Amounts payable | 17/49 | €56,875 | €10,990 | -€45,885 | -80.7% |
| Amounts payable within one year | 42/48 | €56,875 | €10,990 | -€45,885 | -80.7% |
| Trade debts | 44 | €46,029 | €2,106 | -€43,922 | -95.4% |
| Suppliers | 440/4 | €46,029 | €2,106 | -€43,922 | -95.4% |
| Taxes, remuneration and social security | 45 | €10,014 | €5,562 | -€4,452 | -44.5% |
| Taxes | 450/3 | €10,014 | €5,562 | -€4,452 | -44.5% |
| Other amounts payable | 47/48 | €832 | €3,321 | +€2,489 | +299% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €705 | €705 | +€0 | 0.0% |
| Other operating charges | 640/8 | €488 | €577 | +€89 | +18.2% |
| Gross operating margin | 9900 | -€2,823 | €6,024 | +€8,847 | |
| Operating profit (loss) | 9901 | -€4,016 | €4,742 | +€8,758 | |
| Financial income | 75/76B | €249 | - | -€249 | |
| Recurring financial income | 75 | €249 | - | -€249 | |
| Financial charges | 65/66B | €1,659 | €1,397 | -€262 | -15.8% |
| Recurring financial charges | 65 | €1,659 | €1,397 | -€262 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,425 | €3,345 | +€8,770 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€5,565 | €3,204 | +€8,769 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,565 | €3,204 | +€8,769 |
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 23 October 2026 via checked.be.