GLENN VER EECKE: 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.
GLENN VER EECKE
Largest movements
- Cash -€13,880
down €13,880 (-16.6%), from €83,614 to €69,734
mainly Contributions, distributions and other (-€10,000) and Other debts (-€7,835)
- Tangible fixed assets -€1,380
down €1,380 (-26.1%), from €5,293 to €3,912
of which Furniture and vehicles: -€995
- Receivables within one year -€1,261
down €1,261 (-44.1%), from €2,859 to €1,598
of which Trade receivables: -€1,166
- Reserves -€13,909
down €13,909 (-27.2%), from €51,186 to €37,277
of which Distributable reserves: -€13,909
- Other debts -€7,835
down €7,835 (-42.9%), from €18,258 to €10,423
- Trade debts +€5,248
up €5,248 (+867%), from €605 to €5,853
- Gross operating margin -€23,186
down €23,186 (-94.1%), from €24,644 to €1,459
- Financial charges -€4,918
down €4,918 (-92.9%), from €5,293 to €375
- Taxes -€2,601
down €2,601 (-100%), from €2,601 to €0
- Other operating charges +€1,372
up €1,372 (+144%), from €955 to €2,327
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 | €94,850 | €78,354 | -€16,496 | -17.4% |
| Fixed assets | 21/28 | €6,493 | €5,112 | -€1,380 | -21.3% |
| Tangible fixed assets | 22/27 | €5,293 | €3,912 | -€1,380 | -26.1% |
| Plant, machinery and equipment | 23 | €2,911 | €2,526 | -€386 | -13.2% |
| Furniture and vehicles | 24 | €2,381 | €1,387 | -€995 | -41.8% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €88,358 | €73,242 | -€15,116 | -17.1% |
| Amounts receivable within one year | 40/41 | €2,859 | €1,598 | -€1,261 | -44.1% |
| Trade receivables | 40 | €2,467 | €1,302 | -€1,166 | -47.2% |
| Other amounts receivable | 41 | €392 | €297 | -€95 | -24.3% |
| Cash at bank and in hand | 54/58 | €83,614 | €69,734 | -€13,880 | -16.6% |
| Deferred charges and accrued income | 490/1 | €1,884 | €1,909 | +€25 | +1.3% |
| Total equity and liabilities | 10/49 | €94,850 | €78,354 | -€16,496 | -17.4% |
| Equity | 10/15 | €71,186 | €57,277 | -€13,909 | -19.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €51,186 | €37,277 | -€13,909 | -27.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €49,186 | €35,277 | -€13,909 | -28.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €23,664 | €21,077 | -€2,587 | -10.9% |
| Amounts payable within one year | 42/48 | €23,664 | €21,077 | -€2,587 | -10.9% |
| Trade debts | 44 | €605 | €5,853 | +€5,248 | +867% |
| Suppliers | 440/4 | €605 | €5,853 | +€5,248 | +867% |
| Taxes, remuneration and social security | 45 | €4,801 | €4,801 | = | 0.0% |
| Taxes | 450/3 | €2,601 | €2,601 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €18,258 | €10,423 | -€7,835 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,603 | €2,803 | +€200 | +7.7% |
| Other operating charges | 640/8 | €955 | €2,327 | +€1,372 | +144% |
| Gross operating margin | 9900 | €24,644 | €1,459 | -€23,186 | -94.1% |
| Operating profit (loss) | 9901 | €21,086 | -€3,672 | -€24,758 | |
| Financial income | 75/76B | - | €138 | +€138 | |
| Recurring financial income | 75 | - | €138 | +€138 | |
| Financial charges | 65/66B | €5,293 | €375 | -€4,918 | -92.9% |
| Recurring financial charges | 65 | €5,293 | €375 | -€4,918 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €15,793 | -€3,909 | -€19,702 | |
| Income taxes | 67/77 | €2,601 | €0 | -€2,601 | -100% |
| Profit (loss) for the period | 9904 | €13,192 | -€3,909 | -€17,101 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,192 | -€3,909 | -€17,101 |
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.