ISABELLE VAN EYGEN: 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.
ISABELLE VAN EYGEN
Largest movements
- Cash +€64,479
up €64,479 (+53.2%), from €121,192 to €185,671
mainly Net result for the year (+€63,590) and Depreciation (+€45,392)
- Tangible fixed assets -€45,392
down €45,392 (-24.8%), from €183,371 to €137,979
of which Furniture and vehicles: -€32,934
- Current investments +€24,958
up €24,958 (+13.3%), from €186,981 to €211,939
- Reserves +€63,590
up €63,590 (+33.4%), from €190,166 to €253,756
- Trade debts -€11,990
down €11,990 (-44.9%), from €26,713 to €14,723
- Other debts +€9,234
up €9,234 (+15.6%), from €59,321 to €68,555
- Current portion of long-term debt -€8,016
down €8,016 (-100%), from €8,016 to €0
- Accrued charges and deferred income -€6,076
down €6,076 (-100%), from €6,076 to €0
- Staff costs +€42,785
up €42,785 (+566%), from €7,554 to €50,339
- Gross operating margin +€26,636
up €26,636 (+15.9%), from €167,091 to €193,727
- Depreciation +€9,417
up €9,417 (+26.2%), from €35,976 to €45,392
- Taxes -€5,049
down €5,049 (-15.1%), from €33,328 to €28,279
- Financial charges +€4,795
up €4,795 (+389%), from €1,233 to €6,028
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 | €497,487 | €547,172 | +€49,685 | +10.0% |
| Fixed assets | 21/28 | €183,371 | €137,979 | -€45,392 | -24.8% |
| Tangible fixed assets | 22/27 | €183,371 | €137,979 | -€45,392 | -24.8% |
| Land and buildings | 22 | €61,187 | €52,365 | -€8,822 | -14.4% |
| Plant, machinery and equipment | 23 | €3,637 | €0 | -€3,637 | -100% |
| Furniture and vehicles | 24 | €118,548 | €85,614 | -€32,934 | -27.8% |
| Current assets | 29/58 | €314,116 | €409,193 | +€95,078 | +30.3% |
| Amounts receivable within one year | 40/41 | €5,128 | €6,401 | +€1,272 | +24.8% |
| Trade receivables | 40 | €5,128 | €6,401 | +€1,272 | +24.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €186,981 | €211,939 | +€24,958 | +13.3% |
| Cash at bank and in hand | 54/58 | €121,192 | €185,671 | +€64,479 | +53.2% |
| Deferred charges and accrued income | 490/1 | €815 | €5,183 | +€4,368 | +536% |
| Total equity and liabilities | 10/49 | €497,487 | €547,172 | +€49,685 | +10.0% |
| Equity | 10/15 | €365,187 | €428,777 | +€63,590 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €190,166 | €253,756 | +€63,590 | +33.4% |
| Distributable reserves | 133 | €190,166 | €253,756 | +€63,590 | +33.4% |
| Profit (loss) carried forward | 14 | €156,421 | €156,421 | = | 0.0% |
| Amounts payable | 17/49 | €132,300 | €118,395 | -€13,905 | -10.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €126,224 | €118,395 | -€7,829 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €8,016 | €0 | -€8,016 | -100% |
| Trade debts | 44 | €26,713 | €14,723 | -€11,990 | -44.9% |
| Suppliers | 440/4 | €26,713 | €14,723 | -€11,990 | -44.9% |
| Taxes, remuneration and social security | 45 | €32,175 | €35,118 | +€2,943 | +9.1% |
| Taxes | 450/3 | €31,509 | €28,672 | -€2,838 | -9.0% |
| Remuneration and social security | 454/9 | €666 | €6,446 | +€5,780 | +868% |
| Other amounts payable | 47/48 | €59,321 | €68,555 | +€9,234 | +15.6% |
| Accrued charges and deferred income | 492/3 | €6,076 | €0 | -€6,076 | -100% |
| Remuneration, social security and pensions | 62 | €7,554 | €50,339 | +€42,785 | +566% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,976 | €45,392 | +€9,417 | +26.2% |
| Other operating charges | 640/8 | €1,819 | €1,761 | -€58 | -3.2% |
| Gross operating margin | 9900 | €167,091 | €193,727 | +€26,636 | +15.9% |
| Operating profit (loss) | 9901 | €121,743 | €96,236 | -€25,507 | -21.0% |
| Financial income | 75/76B | €557 | €1,662 | +€1,105 | +198% |
| Recurring financial income | 75 | €557 | €1,662 | +€1,105 | +198% |
| Financial charges | 65/66B | €1,233 | €6,028 | +€4,795 | +389% |
| Recurring financial charges | 65 | €1,233 | €6,028 | +€4,795 | +389% |
| Profit (loss) for the period before taxes | 9903 | €121,067 | €91,869 | -€29,197 | -24.1% |
| Income taxes | 67/77 | €33,328 | €28,279 | -€5,049 | -15.1% |
| Profit (loss) for the period | 9904 | €87,739 | €63,590 | -€24,148 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,739 | €63,590 | -€24,148 | -27.5% |
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 29 October 2026 via checked.be.