Erik Van Eynde: 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 Eynde
Largest movements
- Receivables within one year +€16,631
up €16,631 (+13.1%), from €127,175 to €143,806
of which Other amounts receivable: +€12,447
- Cash +€15,126
up €15,126 (+254%), from €5,962 to €21,089
mainly Trade debts (+€17,635) and Tax, wage and social debts (+€11,246)
- Stocks and contracts +€8,654
up €8,654 (+36.6%), from €23,637 to €32,291
- Trade debts +€17,635
up €17,635 (+154%), from €11,450 to €29,085
- Tax, wage and social debts +€11,246
up €11,246 (+56.4%), from €19,952 to €31,198
- Reserves +€4,400
up €4,400 (+3.7%), from €117,818 to €122,219
of which Distributable reserves: +€4,400
- Taxes +€7,291
up €7,291 (+49.9%), from €14,621 to €21,912
- Financial income -€4,620
down €4,620 (-99.9%), from €4,626 to €5
- Gross operating margin -€4,043
down €4,043 (-9.3%), from €43,473 to €39,430
- Other operating charges +€3,479
up €3,479 (+135%), from €2,580 to €6,059
- Financial charges -€1,100
down €1,100 (-22.0%), from €5,011 to €3,911
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 | €169,461 | €207,778 | +€38,316 | +22.6% |
| Fixed assets | 21/28 | €11,999 | €10,138 | -€1,861 | -15.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €11,993 | €10,132 | -€1,861 | -15.5% |
| Plant, machinery and equipment | 23 | €212 | €0 | -€212 | -100% |
| Furniture and vehicles | 24 | €8,731 | €7,705 | -€1,026 | -11.8% |
| Other tangible fixed assets | 26 | €3,049 | €2,427 | -€622 | -20.4% |
| Financial fixed assets | 28 | €6 | €6 | = | 0.0% |
| Current assets | 29/58 | €157,463 | €197,640 | +€40,177 | +25.5% |
| Stocks and contracts in progress | 3 | €23,637 | €32,291 | +€8,654 | +36.6% |
| Stocks | 30/36 | €23,637 | €32,291 | +€8,654 | +36.6% |
| Amounts receivable within one year | 40/41 | €127,175 | €143,806 | +€16,631 | +13.1% |
| Trade receivables | 40 | €21,518 | €25,701 | +€4,184 | +19.4% |
| Other amounts receivable | 41 | €105,658 | €118,105 | +€12,447 | +11.8% |
| Cash at bank and in hand | 54/58 | €5,962 | €21,089 | +€15,126 | +254% |
| Deferred charges and accrued income | 490/1 | €688 | €454 | -€233 | -33.9% |
| Total equity and liabilities | 10/49 | €169,461 | €207,778 | +€38,316 | +22.6% |
| Equity | 10/15 | €136,418 | €140,819 | +€4,400 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,818 | €122,219 | +€4,400 | +3.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,026 | €12,026 | = | 0.0% |
| Distributable reserves | 133 | €103,932 | €108,333 | +€4,400 | +4.2% |
| Amounts payable | 17/49 | €33,043 | €66,959 | +€33,916 | +103% |
| Amounts payable after more than one year | 17 | - | €691 | +€691 | |
| Financial debts | 170/4 | - | €691 | +€691 | |
| Amounts payable within one year | 42/48 | €33,043 | €65,581 | +€32,538 | +98.5% |
| Current portion of amounts payable after more than one year | 42 | - | €1,961 | +€1,961 | |
| Financial debts | 43 | - | €1,697 | +€1,697 | |
| Credit institutions | 430/8 | - | €1,697 | +€1,697 | |
| Trade debts | 44 | €11,450 | €29,085 | +€17,635 | +154% |
| Suppliers | 440/4 | €11,450 | €29,085 | +€17,635 | +154% |
| Taxes, remuneration and social security | 45 | €19,952 | €31,198 | +€11,246 | +56.4% |
| Taxes | 450/3 | €19,952 | €31,198 | +€11,246 | +56.4% |
| Other amounts payable | 47/48 | €1,641 | €1,641 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €687 | +€687 | |
| Remuneration, social security and pensions | 62 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,900 | €3,152 | +€252 | +8.7% |
| Other operating charges | 640/8 | €2,580 | €6,059 | +€3,479 | +135% |
| Gross operating margin | 9900 | €43,473 | €39,430 | -€4,043 | -9.3% |
| Operating profit (loss) | 9901 | €37,993 | €30,218 | -€7,775 | -20.5% |
| Financial income | 75/76B | €4,626 | €5 | -€4,620 | -99.9% |
| Recurring financial income | 75 | €4,626 | €5 | -€4,620 | -99.9% |
| Financial charges | 65/66B | €5,011 | €3,911 | -€1,100 | -22.0% |
| Recurring financial charges | 65 | €5,011 | €3,911 | -€1,100 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €37,608 | €26,313 | -€11,295 | -30.0% |
| Income taxes | 67/77 | €14,621 | €21,912 | +€7,291 | +49.9% |
| Profit (loss) for the period | 9904 | €22,986 | €4,400 | -€18,586 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,986 | €4,400 | -€18,586 | -80.9% |
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 28 October 2026 via checked.be.