KRISTIEN EERENS: 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.
KRISTIEN EERENS
Largest movements
- Current investments +€457,866
up €457,866 (+42.0%), from €1.1m to €1.5m
- Cash +€68,925
up €68,925 (+20.0%), from €344,295 to €413,220
mainly Net result for the year (+€585,374) and Trade debts (+€13,976)
- Tangible fixed assets +€57,239
new in 2025: €57,239
of which Furniture and vehicles: +€39,546
- Reserves +€585,374
up €585,374 (+45.5%), from €1.3m to €1.9m
- Financial income +€112,075
up €112,075 (+329%), from €34,108 to €146,182
- Gross operating margin +€84,653
up €84,653 (+13.1%), from €648,566 to €733,218
- Taxes +€44,890
up €44,890 (+21.2%), from €211,543 to €256,432
- Staff costs +€14,423
new in 2025: €14,423
- Depreciation +€10,765
new in 2025: €10,765
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 | €1,457,397 | €2,055,571 | +€598,173 | +41.0% |
| Fixed assets | 21/28 | €180 | €57,419 | +€57,239 | +31,799% |
| Tangible fixed assets | 22/27 | - | €57,239 | +€57,239 | |
| Plant, machinery and equipment | 23 | - | €17,693 | +€17,693 | |
| Furniture and vehicles | 24 | - | €39,546 | +€39,546 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €1,457,217 | €1,998,152 | +€540,935 | +37.1% |
| Amounts receivable within one year | 40/41 | €21,894 | €35,418 | +€13,525 | +61.8% |
| Trade receivables | 40 | €21,894 | €12,200 | -€9,694 | -44.3% |
| Other amounts receivable | 41 | - | €23,218 | +€23,218 | |
| Current investments | 50/53 | €1,090,519 | €1,548,384 | +€457,866 | +42.0% |
| Cash at bank and in hand | 54/58 | €344,295 | €413,220 | +€68,925 | +20.0% |
| Deferred charges and accrued income | 490/1 | €510 | €1,129 | +€619 | +121% |
| Total equity and liabilities | 10/49 | €1,457,397 | €2,055,571 | +€598,173 | +41.0% |
| Equity | 10/15 | €1,304,811 | €1,890,185 | +€585,374 | +44.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,286,211 | €1,871,585 | +€585,374 | +45.5% |
| Distributable reserves | 133 | €1,286,211 | €1,871,585 | +€585,374 | +45.5% |
| Amounts payable | 17/49 | €152,587 | €165,386 | +€12,799 | +8.4% |
| Amounts payable after more than one year | 17 | €113,000 | €113,000 | = | 0.0% |
| Financial debts | 170/4 | €113,000 | €113,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,331 | €46,786 | +€18,455 | +65.1% |
| Trade debts | 44 | - | €13,976 | +€13,976 | |
| Suppliers | 440/4 | - | €13,976 | +€13,976 | |
| Taxes, remuneration and social security | 45 | €25,861 | €26,948 | +€1,088 | +4.2% |
| Taxes | 450/3 | €25,861 | €25,261 | -€600 | -2.3% |
| Remuneration and social security | 454/9 | - | €1,687 | +€1,687 | |
| Other amounts payable | 47/48 | €2,470 | €5,862 | +€3,392 | +137% |
| Accrued charges and deferred income | 492/3 | €11,256 | €5,600 | -€5,656 | -50.2% |
| Remuneration, social security and pensions | 62 | - | €14,423 | +€14,423 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,765 | +€10,765 | |
| Other operating charges | 640/8 | €1,245 | €2,295 | +€1,050 | +84.4% |
| Gross operating margin | 9900 | €648,566 | €733,218 | +€84,653 | +13.1% |
| Operating profit (loss) | 9901 | €647,321 | €705,735 | +€58,415 | +9.0% |
| Financial income | 75/76B | €34,108 | €146,182 | +€112,075 | +329% |
| Recurring financial income | 75 | €34,108 | €146,182 | +€112,075 | +329% |
| Financial charges | 65/66B | €19,716 | €10,111 | -€9,604 | -48.7% |
| Recurring financial charges | 65 | €19,716 | €10,111 | -€9,604 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €661,713 | €841,806 | +€180,093 | +27.2% |
| Income taxes | 67/77 | €211,543 | €256,432 | +€44,890 | +21.2% |
| Profit (loss) for the period | 9904 | €450,170 | €585,374 | +€135,204 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €450,170 | €585,374 | +€135,204 | +30.0% |
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 17 October 2026 via checked.be.