ERIC VAN HORENBEECK: 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.
ERIC VAN HORENBEECK
Largest movements
- Receivables within one year +€3,539
up €3,539 (+6.4%), from €55,576 to €59,115
of which Other amounts receivable: +€7,011
- Cash -€2,248
down €2,248 (-96.8%), from €2,323 to €75
mainly Receivables within one year (-€3,539) and Deferred charges and accrued income (-€31)
- Intangible fixed assets -€800
down €800 (-36.2%), from €2,206 to €1,407
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€10,491
down €10,491, from €8,493 to -€1,998
- Taxes -€2,441
down €2,441 (-100%), from €2,441 to €0
- Financial income +€1,444
up €1,444 (+91.3%), from €1,581 to €3,026
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 | €60,105 | €60,627 | +€522 | +0.9% |
| Fixed assets | 21/28 | €2,206 | €1,407 | -€800 | -36.2% |
| Intangible fixed assets | 21 | €2,206 | €1,407 | -€800 | -36.2% |
| Current assets | 29/58 | €57,899 | €59,220 | +€1,322 | +2.3% |
| Amounts receivable within one year | 40/41 | €55,576 | €59,115 | +€3,539 | +6.4% |
| Trade receivables | 40 | €3,473 | €0 | -€3,473 | -100% |
| Other amounts receivable | 41 | €52,103 | €59,115 | +€7,011 | +13.5% |
| Cash at bank and in hand | 54/58 | €2,323 | €75 | -€2,248 | -96.8% |
| Deferred charges and accrued income | 490/1 | €0 | €31 | +€31 | |
| Total equity and liabilities | 10/49 | €60,105 | €60,627 | +€522 | +0.9% |
| Equity | 10/15 | €57,499 | €57,475 | -€25 | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €32,391 | €32,391 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €30,532 | €30,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,516 | €6,491 | -€25 | -0.4% |
| Amounts payable | 17/49 | €2,606 | €3,153 | +€547 | +21.0% |
| Amounts payable within one year | 42/48 | €2,606 | €3,153 | +€547 | +21.0% |
| Trade debts | 44 | €165 | €712 | +€547 | +331% |
| Suppliers | 440/4 | €165 | €712 | +€547 | +331% |
| Taxes, remuneration and social security | 45 | €2,441 | €2,441 | = | 0.0% |
| Taxes | 450/3 | €2,441 | €2,441 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €800 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.5% |
| Gross operating margin | 9900 | €8,493 | -€1,998 | -€10,491 | |
| Operating profit (loss) | 9901 | €7,575 | -€2,918 | -€10,493 | |
| Financial income | 75/76B | €1,581 | €3,026 | +€1,444 | +91.3% |
| Recurring financial income | 75 | €1,581 | €3,026 | +€1,444 | +91.3% |
| Financial charges | 65/66B | €200 | €133 | -€67 | -33.7% |
| Recurring financial charges | 65 | €200 | €133 | -€67 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €8,957 | -€25 | -€8,981 | |
| Income taxes | 67/77 | €2,441 | €0 | -€2,441 | -100% |
| Profit (loss) for the period | 9904 | €6,516 | -€25 | -€6,541 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,516 | -€25 | -€6,541 |
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 14 October 2026 via checked.be.