H. VAN DEN 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.
H. VAN DEN EYNDE
Largest movements
- Receivables within one year +€79,556
up €79,556 (+772%), from €10,301 to €89,857
- Cash -€49,411
down €49,411 (-16.5%), from €300,350 to €250,939
mainly Receivables within one year (-€79,556) and Tax, wage and social debts (-€78,825)
- Current investments +€36,366
up €36,366 (+1.3%), from €2.8m to €2.9m
- Reserves +€135,787
up €135,787 (+4.5%), from €3.0m to €3.1m
of which Distributable reserves: +€135,787
- Tax, wage and social debts -€78,825
down €78,825 (-41.5%), from €189,921 to €111,096
- Gross operating margin -€227,401
down €227,401 (-50.0%), from €454,424 to €227,024
- Taxes -€85,891
down €85,891 (-55.5%), from €154,791 to €68,900
- Financial income -€34,450
down €34,450 (-88.7%), from €38,833 to €4,383
- Depreciation +€15,430
up €15,430 (+2,708%), from €570 to €16,000
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 | €3,209,609 | €3,260,120 | +€50,511 | +1.6% |
| Fixed assets | 21/28 | €63,430 | €47,430 | -€16,000 | -25.2% |
| Tangible fixed assets | 22/27 | €63,430 | €47,430 | -€16,000 | -25.2% |
| Furniture and vehicles | 24 | €63,430 | €47,430 | -€16,000 | -25.2% |
| Current assets | 29/58 | €3,146,179 | €3,212,690 | +€66,511 | +2.1% |
| Amounts receivable within one year | 40/41 | €10,301 | €89,857 | +€79,556 | +772% |
| Other amounts receivable | 41 | €10,301 | €89,857 | +€79,556 | +772% |
| Current investments | 50/53 | €2,835,528 | €2,871,894 | +€36,366 | +1.3% |
| Cash at bank and in hand | 54/58 | €300,350 | €250,939 | -€49,411 | -16.5% |
| Total equity and liabilities | 10/49 | €3,209,609 | €3,260,120 | +€50,511 | +1.6% |
| Equity | 10/15 | €2,999,688 | €3,135,475 | +€135,787 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,987,288 | €3,123,075 | +€135,787 | +4.5% |
| Non-distributable reserves | 130/1 | €46,824 | €46,824 | = | 0.0% |
| Reserves not available under the articles | 1311 | €46,824 | €46,824 | = | 0.0% |
| Distributable reserves | 133 | €2,940,464 | €3,076,251 | +€135,787 | +4.6% |
| Amounts payable | 17/49 | €209,921 | €124,645 | -€85,276 | -40.6% |
| Amounts payable within one year | 42/48 | €209,921 | €124,645 | -€85,276 | -40.6% |
| Financial debts | 43 | €20,000 | €13,549 | -€6,451 | -32.3% |
| Credit institutions | 430/8 | €20,000 | €13,549 | -€6,451 | -32.3% |
| Taxes, remuneration and social security | 45 | €189,921 | €111,096 | -€78,825 | -41.5% |
| Taxes | 450/3 | €189,921 | €111,096 | -€78,825 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €570 | €16,000 | +€15,430 | +2,708% |
| Other operating charges | 640/8 | €3,217 | €2,345 | -€873 | -27.1% |
| Gross operating margin | 9900 | €454,424 | €227,024 | -€227,401 | -50.0% |
| Operating profit (loss) | 9901 | €450,637 | €208,679 | -€241,958 | -53.7% |
| Financial income | 75/76B | €38,833 | €4,383 | -€34,450 | -88.7% |
| Recurring financial income | 75 | €38,833 | €4,383 | -€34,450 | -88.7% |
| Financial charges | 65/66B | €7,908 | €8,375 | +€467 | +5.9% |
| Recurring financial charges | 65 | €7,908 | €8,375 | +€467 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €481,562 | €204,687 | -€276,875 | -57.5% |
| Income taxes | 67/77 | €154,791 | €68,900 | -€85,891 | -55.5% |
| Profit (loss) for the period | 9904 | €326,771 | €135,787 | -€190,984 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €326,771 | €135,787 | -€190,984 | -58.4% |
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.