J. VAN ERCK: 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.
J. VAN ERCK
Largest movements
- Receivables within one year -€84,162
down €84,162 (-99.7%), from €84,431 to €269
of which Other amounts receivable: -€42,132
- Tangible fixed assets -€16,100
down €16,100 (-5.4%), from €299,318 to €283,218
of which Land and buildings: -€15,892
- Other debts -€49,220
down €49,220 (-92.9%), from €53,000 to €3,780
- Profit (loss) carried forward -€37,511
down €37,511, from €649 to -€36,861
- Tax, wage and social debts -€9,746
down €9,746 (-97.0%), from €10,045 to €299
- Gross operating margin -€57,218
down €57,218, from €38,723 to -€18,495
- Taxes -€13,448
down €13,448 (-97.6%), from €13,781 to €333
- Depreciation -€1,946
down €1,946 (-10.8%), from €18,046 to €16,100
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 | €413,840 | €312,290 | -€101,550 | -24.5% |
| Fixed assets | 21/28 | €299,318 | €283,218 | -€16,100 | -5.4% |
| Tangible fixed assets | 22/27 | €299,318 | €283,218 | -€16,100 | -5.4% |
| Land and buildings | 22 | €298,460 | €282,568 | -€15,892 | -5.3% |
| Furniture and vehicles | 24 | €208 | - | -€208 | |
| Other tangible fixed assets | 26 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €114,522 | €29,072 | -€85,450 | -74.6% |
| Amounts receivable within one year | 40/41 | €84,431 | €269 | -€84,162 | -99.7% |
| Trade receivables | 40 | €42,030 | - | -€42,030 | |
| Other amounts receivable | 41 | €42,401 | €269 | -€42,132 | -99.4% |
| Cash at bank and in hand | 54/58 | €27,427 | €27,340 | -€87 | -0.3% |
| Deferred charges and accrued income | 490/1 | €2,664 | €1,463 | -€1,202 | -45.1% |
| Total equity and liabilities | 10/49 | €413,840 | €312,290 | -€101,550 | -24.5% |
| Equity | 10/15 | €343,109 | €305,599 | -€37,511 | -10.9% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €73,860 | €73,860 | = | 0.0% |
| Distributable reserves | 133 | €73,860 | €73,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €649 | -€36,861 | -€37,511 | |
| Amounts payable | 17/49 | €70,731 | €6,691 | -€64,040 | -90.5% |
| Amounts payable after more than one year | 17 | €1,895 | €1,895 | = | 0.0% |
| Other amounts payable | 178/9 | €1,895 | €1,895 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,836 | €4,796 | -€64,040 | -93.0% |
| Financial debts | 43 | €2,223 | - | -€2,223 | |
| Credit institutions | 430/8 | €2,223 | - | -€2,223 | |
| Trade debts | 44 | €3,567 | €717 | -€2,850 | -79.9% |
| Suppliers | 440/4 | €3,567 | €717 | -€2,850 | -79.9% |
| Taxes, remuneration and social security | 45 | €10,045 | €299 | -€9,746 | -97.0% |
| Taxes | 450/3 | €10,045 | €299 | -€9,746 | -97.0% |
| Other amounts payable | 47/48 | €53,000 | €3,780 | -€49,220 | -92.9% |
| Non-recurring operating income | 76A | €935 | - | -€935 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,046 | €16,100 | -€1,946 | -10.8% |
| Other operating charges | 640/8 | €2,407 | €2,436 | +€29 | +1.2% |
| Gross operating margin | 9900 | €38,723 | -€18,495 | -€57,218 | |
| Operating profit (loss) | 9901 | €18,270 | -€37,031 | -€55,301 | |
| Financial income | 75/76B | €151 | €113 | -€38 | -25.2% |
| Recurring financial income | 75 | €151 | €113 | -€38 | -25.2% |
| Financial charges | 65/66B | €580 | €260 | -€320 | -55.2% |
| Recurring financial charges | 65 | €580 | €260 | -€320 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €17,841 | -€37,178 | -€55,019 | |
| Income taxes | 67/77 | €13,781 | €333 | -€13,448 | -97.6% |
| Profit (loss) for the period | 9904 | €4,060 | -€37,511 | -€41,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,060 | -€37,511 | -€41,571 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.