M. Van Eynde: what changed
Two fiscal 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.
What changed
M. Van Eynde
NACE 23.700, Cutting, shaping and finishing of stone
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14,091
2024 · €5,756+€8,334
Equity
€238,522
2024 · €239,431-€909
Cash
€105,420
2024 · €106,930-€1,510
Balance sheet total
€348,937
2024 · €356,447-€7,510
Largest movements
Assets
- Stocks and contracts -€4,100
no longer reported in 2025 (was €4,100)
Equity and liabilities
- Trade debts -€11,793
down €11,793 (-98.2%), from €12,004 to €212
- Other debts +€7,738
up €7,738 (+32.6%), from €23,704 to €31,442
Income statement
- Gross operating margin +€5,747
up €5,747 (+29.6%), from €19,447 to €25,194
- Depreciation -€2,676
down €2,676 (-62.1%), from €4,309 to €1,633
- Other operating charges +€930
up €930 (+17.8%), from €5,230 to €6,161
- Financial charges -€924
down €924 (-27.7%), from €3,341 to €2,417
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.
Result 2024
€5,756
Gross operating margin
+€5,747
Depreciation
+€2,676
Other operating charges
-€930
Financial charges
+€924
Taxes
-€82
Result 2025
€14,091
Cash bridge derived
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.
From operations
+€15,040
Investment
-€1,550
Financing
-€15,000
Cash 2024
€106,930
From operations (derived)
+€15,040
Net result for the year
+€14,091
Depreciation
+€1,633
Stocks and contracts
+€4,100
Receivables within one year
+€1,859
Deferred charges and accrued income
-€42
Trade debts
-€11,793
Tax, wage and social debts
-€2,546
Other debts
+€7,738
Investment (derived)
-€1,550
Investment in fixed assets (net)
-€1,550
Financing
-€15,000
Contributions, distributions and other
-€15,000
Cash 2025
€105,420
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,447 | €348,937 | -€7,510 | -2.1% |
| Fixed assets | 21/28 | €233,978 | €233,895 | -€82 | 0.0% |
| Tangible fixed assets | 22/27 | €233,458 | €233,376 | -€82 | 0.0% |
| Land and buildings | 22 | €229,000 | €229,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,323 | €2,659 | -€665 | -20.0% |
| Furniture and vehicles | 24 | €1,135 | €1,717 | +€582 | +51.3% |
| Financial fixed assets | 28 | €520 | €520 | = | 0.0% |
| Current assets | 29/58 | €122,469 | €115,041 | -€7,428 | -6.1% |
| Stocks and contracts in progress | 3 | €4,100 | - | -€4,100 | |
| Stocks | 30/36 | €4,100 | - | -€4,100 | |
| Amounts receivable within one year | 40/41 | €9,291 | €7,432 | -€1,859 | -20.0% |
| Trade receivables | 40 | €9,291 | €6,591 | -€2,700 | -29.1% |
| Other amounts receivable | 41 | - | €841 | +€841 | |
| Cash at bank and in hand | 54/58 | €106,930 | €105,420 | -€1,510 | -1.4% |
| Deferred charges and accrued income | 490/1 | €2,147 | €2,189 | +€42 | +2.0% |
| Total equity and liabilities | 10/49 | €356,447 | €348,937 | -€7,510 | -2.1% |
| Equity | 10/15 | €239,431 | €238,522 | -€909 | -0.4% |
| Contributions | 10/11 | €31,920 | €31,920 | = | 0.0% |
| Revaluation surpluses | 12 | €149,269 | €149,269 | = | 0.0% |
| Reserves | 13 | €147,066 | €144,066 | -€3,000 | -2.0% |
| Non-distributable reserves | 130/1 | €1,413 | €1,413 | = | 0.0% |
| Other | 1319 | €1,413 | €1,413 | = | 0.0% |
| Distributable reserves | 133 | €145,653 | €142,653 | -€3,000 | -2.1% |
| Profit (loss) carried forward | 14 | -€88,824 | -€86,733 | +€2,091 | +2.4% |
| Provisions and deferred taxes | 16 | €76,896 | €76,896 | = | 0.0% |
| Deferred taxes | 168 | €76,896 | €76,896 | = | 0.0% |
| Amounts payable | 17/49 | €40,119 | €33,519 | -€6,601 | -16.5% |
| Amounts payable within one year | 42/48 | €40,119 | €33,519 | -€6,601 | -16.5% |
| Trade debts | 44 | €12,004 | €212 | -€11,793 | -98.2% |
| Suppliers | 440/4 | €12,004 | €212 | -€11,793 | -98.2% |
| Taxes, remuneration and social security | 45 | €4,411 | €1,865 | -€2,546 | -57.7% |
| Taxes | 450/3 | €4,411 | €1,865 | -€2,546 | -57.7% |
| Other amounts payable | 47/48 | €23,704 | €31,442 | +€7,738 | +32.6% |
| Non-recurring operating income | 76A | €413 | - | -€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,309 | €1,633 | -€2,676 | -62.1% |
| Other operating charges | 640/8 | €5,230 | €6,161 | +€930 | +17.8% |
| Gross operating margin | 9900 | €19,447 | €25,194 | +€5,747 | +29.6% |
| Operating profit (loss) | 9901 | €9,909 | €17,401 | +€7,492 | +75.6% |
| Financial charges | 65/66B | €3,341 | €2,417 | -€924 | -27.7% |
| Recurring financial charges | 65 | €3,341 | €2,417 | -€924 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €6,568 | €14,984 | +€8,416 | +128.1% |
| Income taxes | 67/77 | €811 | €893 | +€82 | +10.1% |
| Profit (loss) for the period | 9904 | €5,756 | €14,091 | +€8,334 | +144.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,756 | €14,091 | +€8,334 | +144.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.