Peter 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.
Peter Van den Eynde
Largest movements
- Current investments +€288,658
up €288,658 (+99.1%), from €291,342 to €580,000
- Receivables after one year -€190,000
no longer reported in 2025 (was €190,000)
- Receivables within one year +€103,433
up €103,433 (+50.9%), from €203,044 to €306,477
of which Trade receivables: +€98,946
- Cash -€93,154
down €93,154 (-57.6%), from €161,704 to €68,550
mainly Other debts (-€356,729) and Contributions, distributions and other (-€350,000)
- Tangible fixed assets -€73,278
down €73,278 (-10.0%), from €735,050 to €661,772
of which Land and buildings: -€42,650
- Other debts -€356,729
down €356,729 (-97.8%), from €364,924 to €8,195
- Reserves +€341,689
up €341,689 (+33.7%), from €1.0m to €1.4m
- Tax, wage and social debts +€46,072
up €46,072 (+45.6%), from €100,992 to €147,064
- Gross operating margin +€71,430
up €71,430 (+7.9%), from €905,629 to €977,059
- Financial income +€58,090
up €58,090 (+449%), from €12,931 to €71,021
- Taxes +€19,724
up €19,724 (+8.5%), from €232,604 to €252,327
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 | €1,592,184 | €1,625,942 | +€33,758 | +2.1% |
| Fixed assets | 21/28 | €735,050 | €661,772 | -€73,278 | -10.0% |
| Tangible fixed assets | 22/27 | €735,050 | €661,772 | -€73,278 | -10.0% |
| Land and buildings | 22 | €612,690 | €570,039 | -€42,650 | -7.0% |
| Plant, machinery and equipment | 23 | €39,402 | €43,743 | +€4,341 | +11.0% |
| Furniture and vehicles | 24 | €82,958 | €47,989 | -€34,969 | -42.2% |
| Current assets | 29/58 | €857,134 | €964,170 | +€107,036 | +12.5% |
| Amounts receivable after more than one year | 29 | €190,000 | - | -€190,000 | |
| Trade receivables | 290 | €190,000 | - | -€190,000 | |
| Amounts receivable within one year | 40/41 | €203,044 | €306,477 | +€103,433 | +50.9% |
| Trade receivables | 40 | €202,055 | €301,001 | +€98,946 | +49.0% |
| Other amounts receivable | 41 | €989 | €5,476 | +€4,487 | +454% |
| Current investments | 50/53 | €291,342 | €580,000 | +€288,658 | +99.1% |
| Cash at bank and in hand | 54/58 | €161,704 | €68,550 | -€93,154 | -57.6% |
| Deferred charges and accrued income | 490/1 | €11,044 | €9,143 | -€1,901 | -17.2% |
| Total equity and liabilities | 10/49 | €1,592,184 | €1,625,942 | +€33,758 | +2.1% |
| Equity | 10/15 | €1,125,693 | €1,467,382 | +€341,689 | +30.4% |
| Contributions | 10/11 | €112,400 | €112,400 | = | 0.0% |
| Reserves | 13 | €1,013,293 | €1,354,982 | +€341,689 | +33.7% |
| Distributable reserves | 133 | €1,013,293 | €1,354,982 | +€341,689 | +33.7% |
| Amounts payable | 17/49 | €466,491 | €158,559 | -€307,932 | -66.0% |
| Amounts payable within one year | 42/48 | €466,491 | €158,559 | -€307,932 | -66.0% |
| Trade debts | 44 | €574 | €3,299 | +€2,725 | +475% |
| Suppliers | 440/4 | €574 | €3,299 | +€2,725 | +475% |
| Taxes, remuneration and social security | 45 | €100,992 | €147,064 | +€46,072 | +45.6% |
| Taxes | 450/3 | €100,992 | €147,064 | +€46,072 | +45.6% |
| Other amounts payable | 47/48 | €364,924 | €8,195 | -€356,729 | -97.8% |
| Non-recurring operating income | 76A | €12,000 | - | -€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,209 | €92,125 | +€6,917 | +8.1% |
| Other operating charges | 640/8 | €12,519 | €11,817 | -€703 | -5.6% |
| Gross operating margin | 9900 | €905,629 | €977,059 | +€71,430 | +7.9% |
| Operating profit (loss) | 9901 | €807,901 | €873,117 | +€65,215 | +8.1% |
| Financial income | 75/76B | €12,931 | €71,021 | +€58,090 | +449% |
| Recurring financial income | 75 | €12,931 | €71,021 | +€58,090 | +449% |
| Financial charges | 65/66B | €39 | €121 | +€82 | +207% |
| Recurring financial charges | 65 | €39 | €121 | +€82 | +207% |
| Profit (loss) for the period before taxes | 9903 | €820,793 | €944,017 | +€123,224 | +15.0% |
| Income taxes | 67/77 | €232,604 | €252,327 | +€19,724 | +8.5% |
| Profit (loss) for the period | 9904 | €588,189 | €691,689 | +€103,500 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €588,189 | €691,689 | +€103,500 | +17.6% |
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 20 October 2026 via checked.be.