GARY VAN EYCK: 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.
GARY VAN EYCK
Largest movements
- Tangible fixed assets -€12,550
down €12,550 (-4.6%), from €273,436 to €260,886
of which Land and buildings: -€10,768
- Debts after one year -€46,995
down €46,995 (-16.8%), from €280,034 to €233,039
- Reserves +€13,947
up €13,947 (+51.8%), from €26,902 to €40,849
of which Distributable reserves: +€13,947
- Profit (loss) carried forward +€8,075
up €8,075, from -€8,075 to €0
- Trade debts +€5,434
up €5,434 (+21.2%), from €25,660 to €31,093
- Tax, wage and social debts +€5,426
up €5,426 (+921%), from €589 to €6,015
- Gross operating margin +€17,662
up €17,662 (+41.7%), from €42,376 to €60,037
- Depreciation -€5,226
down €5,226 (-29.4%), from €17,776 to €12,550
- Financial charges +€1,924
up €1,924 (+9.1%), from €21,040 to €22,964
- Taxes +€1,872
up €1,872 (+723%), from €259 to €2,131
- Other operating charges +€1,679
up €1,679 (+55.2%), from €3,044 to €4,723
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 | €419,551 | €408,227 | -€11,324 | -2.7% |
| Fixed assets | 21/28 | €278,207 | €265,657 | -€12,550 | -4.5% |
| Tangible fixed assets | 22/27 | €273,436 | €260,886 | -€12,550 | -4.6% |
| Land and buildings | 22 | €269,830 | €259,063 | -€10,768 | -4.0% |
| Plant, machinery and equipment | 23 | €3,538 | €1,824 | -€1,714 | -48.4% |
| Furniture and vehicles | 24 | €68 | €0 | -€68 | -100% |
| Financial fixed assets | 28 | €4,771 | €4,771 | = | 0.0% |
| Current assets | 29/58 | €141,345 | €142,570 | +€1,226 | +0.9% |
| Amounts receivable after more than one year | 29 | €135,000 | €135,000 | = | 0.0% |
| Other amounts receivable | 291 | €135,000 | €135,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,398 | €6,500 | +€1,101 | +20.4% |
| Trade receivables | 40 | - | €79 | +€79 | |
| Other amounts receivable | 41 | €5,398 | €6,421 | +€1,023 | +18.9% |
| Cash at bank and in hand | 54/58 | €18 | €46 | +€28 | +162% |
| Deferred charges and accrued income | 490/1 | €929 | €1,024 | +€96 | +10.3% |
| Total equity and liabilities | 10/49 | €419,551 | €408,227 | -€11,324 | -2.7% |
| Equity | 10/15 | €37,427 | €59,449 | +€22,022 | +58.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,902 | €40,849 | +€13,947 | +51.8% |
| 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 | €25,042 | €38,989 | +€13,947 | +55.7% |
| Profit (loss) carried forward | 14 | -€8,075 | €0 | +€8,075 | |
| Amounts payable | 17/49 | €382,124 | €348,778 | -€33,346 | -8.7% |
| Amounts payable after more than one year | 17 | €280,034 | €233,039 | -€46,995 | -16.8% |
| Financial debts | 170/4 | €280,034 | €233,039 | -€46,995 | -16.8% |
| Amounts payable within one year | 42/48 | €102,090 | €115,739 | +€13,649 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €47,207 | €46,995 | -€212 | -0.4% |
| Financial debts | 43 | - | €166 | +€166 | |
| Credit institutions | 430/8 | - | €166 | +€166 | |
| Trade debts | 44 | €25,660 | €31,093 | +€5,434 | +21.2% |
| Suppliers | 440/4 | €25,660 | €31,093 | +€5,434 | +21.2% |
| Taxes, remuneration and social security | 45 | €589 | €6,015 | +€5,426 | +921% |
| Taxes | 450/3 | €589 | €6,015 | +€5,426 | +921% |
| Other amounts payable | 47/48 | €28,634 | €31,469 | +€2,835 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,776 | €12,550 | -€5,226 | -29.4% |
| Other operating charges | 640/8 | €3,044 | €4,723 | +€1,679 | +55.2% |
| Gross operating margin | 9900 | €42,376 | €60,037 | +€17,662 | +41.7% |
| Operating profit (loss) | 9901 | €21,556 | €42,764 | +€21,208 | +98.4% |
| Financial income | 75/76B | €4,054 | €4,352 | +€298 | +7.3% |
| Recurring financial income | 75 | €4,054 | €4,352 | +€298 | +7.3% |
| Financial charges | 65/66B | €21,040 | €22,964 | +€1,924 | +9.1% |
| Recurring financial charges | 65 | €21,040 | €22,964 | +€1,924 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €4,571 | €24,153 | +€19,582 | +428% |
| Income taxes | 67/77 | €259 | €2,131 | +€1,872 | +723% |
| Profit (loss) for the period | 9904 | €4,312 | €22,022 | +€17,711 | +411% |
| Profit (loss) for the period to be appropriated | 9905 | €4,312 | €22,022 | +€17,711 | +411% |
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 22 October 2026 via checked.be.