ERIC VANDERLINDEN: 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 VANDERLINDEN
Largest movements
- Tangible fixed assets -€18,498
down €18,498 (-6.3%), from €295,557 to €277,059
of which Land and buildings: -€17,497
- Cash -€13,884
down €13,884 (-51.8%), from €26,808 to €12,924
mainly Debts after one year (-€12,077) and Tax, wage and social debts (-€9,058)
- Current investments -€4,776
down €4,776 (-12.3%), from €38,850 to €34,074
- Debts after one year -€12,077
down €12,077 (-6.6%), from €184,288 to €172,211
- Tax, wage and social debts -€9,058
down €9,058 (-50.9%), from €17,787 to €8,729
of which Taxes: -€10,860
- Profit (loss) carried forward -€8,213
down €8,213 (-21.1%), from €38,934 to €30,722
- Other debts -€4,036
down €4,036 (-7.8%), from €51,791 to €47,755
- Gross operating margin -€42,816
down €42,816 (-71.4%), from €59,974 to €17,158
- Taxes -€9,884
down €9,884 (-99.0%), from €9,985 to €101
- Depreciation +€2,591
up €2,591 (+16.3%), from €15,907 to €18,498
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 | €401,471 | €368,270 | -€33,202 | -8.3% |
| Fixed assets | 21/28 | €295,557 | €277,059 | -€18,498 | -6.3% |
| Tangible fixed assets | 22/27 | €295,557 | €277,059 | -€18,498 | -6.3% |
| Land and buildings | 22 | €294,331 | €276,835 | -€17,497 | -5.9% |
| Furniture and vehicles | 24 | €1,226 | €225 | -€1,001 | -81.7% |
| Current assets | 29/58 | €105,914 | €91,210 | -€14,704 | -13.9% |
| Stocks and contracts in progress | 3 | €30,257 | €30,257 | = | 0.0% |
| Stocks | 30/36 | €30,257 | €30,257 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,999 | €13,955 | +€3,956 | +39.6% |
| Trade receivables | 40 | €9,999 | €9,589 | -€410 | -4.1% |
| Other amounts receivable | 41 | - | €4,366 | +€4,366 | |
| Current investments | 50/53 | €38,850 | €34,074 | -€4,776 | -12.3% |
| Cash at bank and in hand | 54/58 | €26,808 | €12,924 | -€13,884 | -51.8% |
| Total equity and liabilities | 10/49 | €401,471 | €368,270 | -€33,202 | -8.3% |
| Equity | 10/15 | €124,311 | €116,099 | -€8,213 | -6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,777 | €66,777 | = | 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 | €64,917 | €64,917 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,934 | €30,722 | -€8,213 | -21.1% |
| Amounts payable | 17/49 | €277,160 | €252,171 | -€24,989 | -9.0% |
| Amounts payable after more than one year | 17 | €184,288 | €172,211 | -€12,077 | -6.6% |
| Financial debts | 170/4 | €184,288 | €172,211 | -€12,077 | -6.6% |
| Amounts payable within one year | 42/48 | €92,872 | €79,960 | -€12,912 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €11,785 | €12,077 | +€292 | +2.5% |
| Trade debts | 44 | €10,009 | €9,899 | -€109 | -1.1% |
| Suppliers | 440/4 | €10,009 | €9,899 | -€109 | -1.1% |
| Advances received on contracts in progress | 46 | €1,500 | €1,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,787 | €8,729 | -€9,058 | -50.9% |
| Taxes | 450/3 | €17,787 | €6,927 | -€10,860 | -61.1% |
| Remuneration and social security | 454/9 | - | €1,801 | +€1,801 | |
| Other amounts payable | 47/48 | €51,791 | €47,755 | -€4,036 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,907 | €18,498 | +€2,591 | +16.3% |
| Other operating charges | 640/8 | €2,412 | €2,487 | +€75 | +3.1% |
| Gross operating margin | 9900 | €59,974 | €17,158 | -€42,816 | -71.4% |
| Operating profit (loss) | 9901 | €41,656 | -€3,827 | -€45,483 | |
| Financial income | 75/76B | €206 | €347 | +€141 | +68.6% |
| Recurring financial income | 75 | €206 | €347 | +€141 | +68.6% |
| Financial charges | 65/66B | €5,082 | €4,632 | -€450 | -8.9% |
| Recurring financial charges | 65 | €5,082 | €4,632 | -€450 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €36,780 | -€8,112 | -€44,892 | |
| Income taxes | 67/77 | €9,985 | €101 | -€9,884 | -99.0% |
| Profit (loss) for the period | 9904 | €26,794 | -€8,213 | -€35,007 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,794 | -€8,213 | -€35,007 |
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 15 October 2026 via checked.be.