Eline Verbeke: what changed
Eline Verbeke
Largest movements
- Cash +€6,618
up €6,618 (+185%), from €3,574 to €10,193
mainly Tax, wage and social debts (+€5,239) and Net result for the year (+€4,982)
- Receivables within one year +€2,031
up €2,031 (+155%), from €1,311 to €3,342
of which Trade receivables: +€2,195
- Tangible fixed assets +€1,043
up €1,043 (+8.8%), from €11,830 to €12,873
of which Land and buildings: +€3,635
- Tax, wage and social debts +€5,239
up €5,239 (+241%), from €2,175 to €7,415
- Profit (loss) carried forward +€4,982
up €4,982, from -€4,454 to €528
- Other debts -€1,567
down €1,567 (-8.3%), from €18,946 to €17,380
- Trade debts +€787
up €787 (+31.1%), from €2,534 to €3,321
- Gross operating margin +€11,880
up €11,880 (+1,112%), from €1,068 to €12,948
- Taxes +€2,127
new in 2025: €2,127
- Financial charges -€1,079
down €1,079 (-63.1%), from €1,710 to €631
- Depreciation +€729
up €729 (+25.2%), from €2,899 to €3,628
- Other operating charges -€271
down €271 (-31.9%), from €849 to €578
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 | €22,202 | €31,644 | +€9,442 | +42.5% |
| Fixed assets | 21/28 | €17,316 | €18,109 | +€793 | +4.6% |
| Intangible fixed assets | 21 | €2,186 | €1,936 | -€250 | -11.4% |
| Tangible fixed assets | 22/27 | €11,830 | €12,873 | +€1,043 | +8.8% |
| Land and buildings | 22 | €8,106 | €11,741 | +€3,635 | +44.8% |
| Plant, machinery and equipment | 23 | €915 | €390 | -€525 | -57.4% |
| Furniture and vehicles | 24 | €2,809 | €742 | -€2,067 | -73.6% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €4,886 | €13,535 | +€8,649 | +177% |
| Amounts receivable within one year | 40/41 | €1,311 | €3,342 | +€2,031 | +155% |
| Trade receivables | 40 | €1,047 | €3,243 | +€2,195 | +210% |
| Other amounts receivable | 41 | €264 | €99 | -€165 | -62.4% |
| Cash at bank and in hand | 54/58 | €3,574 | €10,193 | +€6,618 | +185% |
| Total equity and liabilities | 10/49 | €22,202 | €31,644 | +€9,442 | +42.5% |
| Equity | 10/15 | -€1,454 | €3,528 | +€4,982 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,454 | €528 | +€4,982 | |
| Amounts payable | 17/49 | €23,655 | €28,115 | +€4,460 | +18.9% |
| Amounts payable within one year | 42/48 | €23,655 | €28,115 | +€4,460 | +18.9% |
| Trade debts | 44 | €2,534 | €3,321 | +€787 | +31.1% |
| Suppliers | 440/4 | €2,534 | €3,321 | +€787 | +31.1% |
| Taxes, remuneration and social security | 45 | €2,175 | €7,415 | +€5,239 | +241% |
| Taxes | 450/3 | €2,175 | €7,415 | +€5,239 | +241% |
| Other amounts payable | 47/48 | €18,946 | €17,380 | -€1,567 | -8.3% |
| Remuneration, social security and pensions | 62 | €64 | €0 | -€64 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,899 | €3,628 | +€729 | +25.2% |
| Other operating charges | 640/8 | €849 | €578 | -€271 | -31.9% |
| Non-recurring operating charges | 66A | - | €1,067 | +€1,067 | |
| Gross operating margin | 9900 | €1,068 | €12,948 | +€11,880 | +1,112% |
| Operating profit (loss) | 9901 | -€2,744 | €7,675 | +€10,419 | |
| Financial income | 75/76B | €0 | €65 | +€65 | +17,011% |
| Recurring financial income | 75 | €0 | €65 | +€65 | +17,011% |
| Financial charges | 65/66B | €1,710 | €631 | -€1,079 | -63.1% |
| Recurring financial charges | 65 | €1,710 | €631 | -€1,079 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,454 | €7,109 | +€11,562 | |
| Income taxes | 67/77 | - | €2,127 | +€2,127 | |
| Profit (loss) for the period | 9904 | -€4,454 | €4,982 | +€9,436 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,454 | €4,982 | +€9,436 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.