Eline Van Havenbergh: what changed
Eline Van Havenbergh
Largest movements
- Receivables after one year -€96,145
no longer reported in 2025 (was €96,145)
- Receivables within one year +€40,980
new in 2025: €40,980
- Tangible fixed assets -€11,733
down €11,733 (-23.7%), from €49,417 to €37,684
of which Furniture and vehicles: -€11,402
- Cash +€9,116
up €9,116 (+16.1%), from €56,471 to €65,587
mainly Receivables after one year (+€96,145) and Other debts (+€83,120)
- Profit (loss) carried forward -€134,424
no longer reported in 2025 (was €134,424)
- Other debts +€83,120
up €83,120 (+2,281%), from €3,643 to €86,763
- Debts after one year -€7,106
down €7,106 (-37.5%), from €18,954 to €11,848
- Tax, wage and social debts +€4,030
up €4,030 (+21.2%), from €19,010 to €23,040
- Trade debts -€3,680
down €3,680 (-88.2%), from €4,174 to €494
- Gross operating margin +€49,979
up €49,979 (+86.7%), from €57,642 to €107,622
- Taxes +€11,396
up €11,396 (+121%), from €9,391 to €20,787
- Depreciation +€1,086
up €1,086 (+8.0%), from €13,645 to €14,731
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,033 | €144,252 | -€57,782 | -28.6% |
| Fixed assets | 21/28 | €49,417 | €37,684 | -€11,733 | -23.7% |
| Tangible fixed assets | 22/27 | €49,417 | €37,684 | -€11,733 | -23.7% |
| Furniture and vehicles | 24 | €44,831 | €33,429 | -€11,402 | -25.4% |
| Other tangible fixed assets | 26 | €4,586 | €4,255 | -€330 | -7.2% |
| Current assets | 29/58 | €152,617 | €106,568 | -€46,049 | -30.2% |
| Amounts receivable after more than one year | 29 | €96,145 | - | -€96,145 | |
| Other amounts receivable | 291 | €96,145 | - | -€96,145 | |
| Amounts receivable within one year | 40/41 | - | €40,980 | +€40,980 | |
| Other amounts receivable | 41 | - | €40,980 | +€40,980 | |
| Cash at bank and in hand | 54/58 | €56,471 | €65,587 | +€9,116 | +16.1% |
| Total equity and liabilities | 10/49 | €202,033 | €144,252 | -€57,782 | -28.6% |
| Equity | 10/15 | €149,424 | €15,000 | -€134,424 | -90.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,424 | - | -€134,424 | |
| Amounts payable | 17/49 | €52,610 | €129,252 | +€76,642 | +146% |
| Amounts payable after more than one year | 17 | €18,954 | €11,848 | -€7,106 | -37.5% |
| Financial debts | 170/4 | €18,954 | €11,848 | -€7,106 | -37.5% |
| Amounts payable within one year | 42/48 | €33,656 | €117,404 | +€83,748 | +249% |
| Current portion of amounts payable after more than one year | 42 | €6,828 | €7,106 | +€278 | +4.1% |
| Trade debts | 44 | €4,174 | €494 | -€3,680 | -88.2% |
| Suppliers | 440/4 | €4,174 | €494 | -€3,680 | -88.2% |
| Taxes, remuneration and social security | 45 | €19,010 | €23,040 | +€4,030 | +21.2% |
| Taxes | 450/3 | €19,010 | €23,040 | +€4,030 | +21.2% |
| Other amounts payable | 47/48 | €3,643 | €86,763 | +€83,120 | +2,281% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,645 | €14,731 | +€1,086 | +8.0% |
| Other operating charges | 640/8 | €1,352 | €1,634 | +€283 | +20.9% |
| Gross operating margin | 9900 | €57,642 | €107,622 | +€49,979 | +86.7% |
| Operating profit (loss) | 9901 | €42,646 | €91,257 | +€48,611 | +114% |
| Financial income | 75/76B | €2,047 | €1,910 | -€137 | -6.7% |
| Recurring financial income | 75 | €2,047 | €1,910 | -€137 | -6.7% |
| Financial charges | 65/66B | €1,304 | €1,079 | -€226 | -17.3% |
| Recurring financial charges | 65 | €1,304 | €1,079 | -€226 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €43,388 | €92,087 | +€48,699 | +112% |
| Income taxes | 67/77 | €9,391 | €20,787 | +€11,396 | +121% |
| Profit (loss) for the period | 9904 | €33,997 | €71,301 | +€37,303 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €33,997 | €71,301 | +€37,303 | +110% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.