Erik Van de Velde: 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.
Erik Van de Velde
Largest movements
- Cash +€6,646
up €6,646 (+32.7%), from €20,335 to €26,981
mainly Net result for the year (+€7,567) and Trade debts (+€3,379)
- Receivables within one year +€2,847
up €2,847 (+25.0%), from €11,401 to €14,248
of which Trade receivables: +€2,352
- Tangible fixed assets +€1,844
up €1,844 (+60.7%), from €3,039 to €4,883
of which Furniture and vehicles: +€3,396
- Deferred charges and accrued income +€581
up €581 (+97.7%), from €595 to €1,176
- Reserves +€7,567
up €7,567 (+48.0%), from €15,775 to €23,342
- Trade debts +€3,379
up €3,379 (+42,401%), from €8 to €3,387
- Tax, wage and social debts +€968
up €968 (+86.4%), from €1,121 to €2,089
- Write-downs -€8,000
new in 2025: -€8,000
- Gross operating margin +€3,689
up €3,689 (+81.2%), from €4,542 to €8,232
- Other operating charges +€2,564
up €2,564 (+78.5%), from €3,267 to €5,832
- Depreciation -€2,208
down €2,208 (-54.7%), from €4,038 to €1,830
- Taxes +€762
up €762 (+409%), from €186 to €949
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 | €35,504 | €47,422 | +€11,918 | +33.6% |
| Fixed assets | 21/28 | €3,174 | €5,018 | +€1,844 | +58.1% |
| Tangible fixed assets | 22/27 | €3,039 | €4,883 | +€1,844 | +60.7% |
| Land and buildings | 22 | €369 | €184 | -€185 | -50.1% |
| Plant, machinery and equipment | 23 | €1,740 | €372 | -€1,367 | -78.6% |
| Furniture and vehicles | 24 | €930 | €4,326 | +€3,396 | +365% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €32,330 | €42,404 | +€10,074 | +31.2% |
| Amounts receivable within one year | 40/41 | €11,401 | €14,248 | +€2,847 | +25.0% |
| Trade receivables | 40 | €9,480 | €11,832 | +€2,352 | +24.8% |
| Other amounts receivable | 41 | €1,921 | €2,416 | +€495 | +25.8% |
| Cash at bank and in hand | 54/58 | €20,335 | €26,981 | +€6,646 | +32.7% |
| Deferred charges and accrued income | 490/1 | €595 | €1,176 | +€581 | +97.7% |
| Total equity and liabilities | 10/49 | €35,504 | €47,422 | +€11,918 | +33.6% |
| Equity | 10/15 | €34,375 | €41,942 | +€7,567 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,775 | €23,342 | +€7,567 | +48.0% |
| Distributable reserves | 133 | €15,775 | €23,342 | +€7,567 | +48.0% |
| Amounts payable | 17/49 | €1,129 | €5,480 | +€4,351 | +385% |
| Amounts payable within one year | 42/48 | €1,129 | €5,477 | +€4,348 | +385% |
| Trade debts | 44 | €8 | €3,387 | +€3,379 | +42,401% |
| Suppliers | 440/4 | €8 | €3,387 | +€3,379 | +42,401% |
| Taxes, remuneration and social security | 45 | €1,121 | €2,089 | +€968 | +86.4% |
| Taxes | 450/3 | €1,121 | €2,089 | +€968 | +86.4% |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,038 | €1,830 | -€2,208 | -54.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€8,000 | -€8,000 | |
| Other operating charges | 640/8 | €3,267 | €5,832 | +€2,564 | +78.5% |
| Gross operating margin | 9900 | €4,542 | €8,232 | +€3,689 | +81.2% |
| Operating profit (loss) | 9901 | -€2,763 | €8,570 | +€11,333 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -60.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -60.0% |
| Financial charges | 65/66B | €54 | €54 | +€0 | +0.2% |
| Recurring financial charges | 65 | €54 | €54 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,817 | €8,516 | +€11,333 | |
| Income taxes | 67/77 | €186 | €949 | +€762 | +409% |
| Profit (loss) for the period | 9904 | -€3,003 | €7,567 | +€10,570 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,003 | €7,567 | +€10,570 |
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 31 October 2026 via checked.be.