Eric Van Meenen: 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 Meenen
Largest movements
- Receivables within one year -€7,000
down €7,000 (-84.8%), from €8,255 to €1,255
of which Trade receivables: -€4,599
- Stocks and contracts -€4,502
no longer reported in 2025 (was €4,502)
- Deferred charges and accrued income -€2,600
no longer reported in 2025 (was €2,600)
- Tangible fixed assets -€1,581
down €1,581 (-54.2%), from €2,916 to €1,336
of which Furniture and vehicles: -€1,290
- Cash +€1,225
up €1,225 (+14.5%), from €8,475 to €9,700
mainly Receivables within one year (+€7,000) and Stocks and contracts (+€4,502)
- Trade debts -€9,306
no longer reported in 2025 (was €9,306)
- Profit (loss) carried forward -€5,529
down €5,529 (-137%), from -€4,027 to -€9,556
- Other debts +€967
new in 2025: €967
- Accrued charges and deferred income -€425
down €425 (-47.2%), from €900 to €475
- Gross operating margin -€8,948
down €8,948, from €6,223 to -€2,725
- Other operating charges -€2,912
down €2,912 (-80.3%), from €3,624 to €712
- Financial income -€298
down €298 (-81.7%), from €365 to €67
- Depreciation -€196
down €196 (-11.1%), from €1,777 to €1,581
- Financial charges -€142
down €142 (-19.8%), from €720 to €578
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 | €26,749 | €12,290 | -€14,458 | -54.1% |
| Fixed assets | 21/28 | €2,916 | €1,336 | -€1,581 | -54.2% |
| Tangible fixed assets | 22/27 | €2,916 | €1,336 | -€1,581 | -54.2% |
| Plant, machinery and equipment | 23 | €1,626 | €1,336 | -€290 | -17.9% |
| Furniture and vehicles | 24 | €1,290 | - | -€1,290 | |
| Current assets | 29/58 | €23,832 | €10,955 | -€12,877 | -54.0% |
| Stocks and contracts in progress | 3 | €4,502 | - | -€4,502 | |
| Stocks | 30/36 | €4,502 | - | -€4,502 | |
| Amounts receivable within one year | 40/41 | €8,255 | €1,255 | -€7,000 | -84.8% |
| Trade receivables | 40 | €5,599 | €1,001 | -€4,599 | -82.1% |
| Other amounts receivable | 41 | €2,656 | €254 | -€2,402 | -90.4% |
| Cash at bank and in hand | 54/58 | €8,475 | €9,700 | +€1,225 | +14.5% |
| Deferred charges and accrued income | 490/1 | €2,600 | - | -€2,600 | |
| Total equity and liabilities | 10/49 | €26,749 | €12,290 | -€14,458 | -54.1% |
| Equity | 10/15 | €16,378 | €10,849 | -€5,529 | -33.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,027 | -€9,556 | -€5,529 | -137% |
| Amounts payable | 17/49 | €10,371 | €1,442 | -€8,929 | -86.1% |
| Amounts payable within one year | 42/48 | €9,471 | €967 | -€8,504 | -89.8% |
| Trade debts | 44 | €9,306 | - | -€9,306 | |
| Suppliers | 440/4 | €9,306 | - | -€9,306 | |
| Taxes, remuneration and social security | 45 | €165 | - | -€165 | |
| Taxes | 450/3 | €165 | - | -€165 | |
| Other amounts payable | 47/48 | - | €967 | +€967 | |
| Accrued charges and deferred income | 492/3 | €900 | €475 | -€425 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,777 | €1,581 | -€196 | -11.1% |
| Other operating charges | 640/8 | €3,624 | €712 | -€2,912 | -80.3% |
| Gross operating margin | 9900 | €6,223 | -€2,725 | -€8,948 | |
| Operating profit (loss) | 9901 | €821 | -€5,018 | -€5,840 | |
| Financial income | 75/76B | €365 | €67 | -€298 | -81.7% |
| Recurring financial income | 75 | €365 | €67 | -€298 | -81.7% |
| Financial charges | 65/66B | €720 | €578 | -€142 | -19.8% |
| Recurring financial charges | 65 | €720 | €578 | -€142 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €467 | -€5,529 | -€5,996 | |
| Profit (loss) for the period | 9904 | €467 | -€5,529 | -€5,996 | |
| Profit (loss) for the period to be appropriated | 9905 | €467 | -€5,529 | -€5,996 |
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.