ERIC VANDERLEE: 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 VANDERLEE
Largest movements
- Stocks and contracts -€23,622
down €23,622 (-61.4%), from €38,449 to €14,827
of which Stocks: -€13,989
- Receivables within one year +€11,002
up €11,002 (+51.2%), from €21,491 to €32,493
of which Other amounts receivable: +€22,046
- Other debts -€7,229
down €7,229 (-12.0%), from €60,284 to €53,055
- Profit (loss) carried forward -€5,371
down €5,371 (-25.0%), from €21,491 to €16,120
- Trade debts -€3,423
down €3,423 (-43.8%), from €7,814 to €4,391
- Tax, wage and social debts +€2,953
up €2,953 (+11.8%), from €24,963 to €27,916
of which Remuneration and social security: +€2,469
- Gross operating margin -€5,203
down €5,203 (-39.3%), from €13,224 to €8,021
- Financial income -€2,279
down €2,279 (-84.2%), from €2,708 to €429
- Other operating charges +€2,015
up €2,015 (+125%), from €1,611 to €3,626
- Depreciation +€941
up €941 (+15.8%), from €5,946 to €6,887
- Financial charges -€387
down €387 (-12.3%), from €3,157 to €2,770
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,813 | €244,989 | -€12,824 | -5.0% |
| Fixed assets | 21/28 | €24,451 | €24,215 | -€236 | -1.0% |
| Tangible fixed assets | 22/27 | €24,451 | €24,215 | -€236 | -1.0% |
| Land and buildings | 22 | €20,344 | €15,877 | -€4,467 | -22.0% |
| Plant, machinery and equipment | 23 | €678 | €5,911 | +€5,233 | +772% |
| Furniture and vehicles | 24 | €3,429 | €2,427 | -€1,002 | -29.2% |
| Current assets | 29/58 | €233,362 | €220,774 | -€12,588 | -5.4% |
| Amounts receivable after more than one year | 29 | €170,653 | €170,654 | +€1 | 0.0% |
| Other amounts receivable | 291 | €170,653 | €170,654 | +€1 | 0.0% |
| Stocks and contracts in progress | 3 | €38,449 | €14,827 | -€23,622 | -61.4% |
| Stocks | 30/36 | €28,816 | €14,827 | -€13,989 | -48.5% |
| Contracts in progress | 37 | €9,633 | - | -€9,633 | |
| Amounts receivable within one year | 40/41 | €21,491 | €32,493 | +€11,002 | +51.2% |
| Trade receivables | 40 | €20,879 | €9,835 | -€11,044 | -52.9% |
| Other amounts receivable | 41 | €612 | €22,658 | +€22,046 | +3,602% |
| Deferred charges and accrued income | 490/1 | €2,769 | €2,800 | +€31 | +1.1% |
| Total equity and liabilities | 10/49 | €257,813 | €244,989 | -€12,824 | -5.0% |
| Equity | 10/15 | €135,078 | €129,707 | -€5,371 | -4.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €101,187 | €101,187 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €99,327 | €99,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,491 | €16,120 | -€5,371 | -25.0% |
| Amounts payable | 17/49 | €122,735 | €115,282 | -€7,453 | -6.1% |
| Amounts payable within one year | 42/48 | €122,735 | €115,282 | -€7,453 | -6.1% |
| Financial debts | 43 | €29,674 | €29,920 | +€246 | +0.8% |
| Credit institutions | 430/8 | €29,674 | €29,920 | +€246 | +0.8% |
| Trade debts | 44 | €7,814 | €4,391 | -€3,423 | -43.8% |
| Suppliers | 440/4 | €7,814 | €4,391 | -€3,423 | -43.8% |
| Taxes, remuneration and social security | 45 | €24,963 | €27,916 | +€2,953 | +11.8% |
| Taxes | 450/3 | €2,564 | €3,048 | +€484 | +18.9% |
| Remuneration and social security | 454/9 | €22,399 | €24,868 | +€2,469 | +11.0% |
| Other amounts payable | 47/48 | €60,284 | €53,055 | -€7,229 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,946 | €6,887 | +€941 | +15.8% |
| Other operating charges | 640/8 | €1,611 | €3,626 | +€2,015 | +125% |
| Gross operating margin | 9900 | €13,224 | €8,021 | -€5,203 | -39.3% |
| Operating profit (loss) | 9901 | €5,667 | -€2,492 | -€8,159 | |
| Financial income | 75/76B | €2,708 | €429 | -€2,279 | -84.2% |
| Recurring financial income | 75 | €2,708 | €429 | -€2,279 | -84.2% |
| Financial charges | 65/66B | €3,157 | €2,770 | -€387 | -12.3% |
| Recurring financial charges | 65 | €3,157 | €2,770 | -€387 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €5,218 | -€4,833 | -€10,051 | |
| Income taxes | 67/77 | €474 | €538 | +€64 | +13.5% |
| Profit (loss) for the period | 9904 | €4,744 | -€5,371 | -€10,115 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,744 | -€5,371 | -€10,115 |
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.