ROLAND EECKELAERT: 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.
ROLAND EECKELAERT
Largest movements
- Cash +€29,413
up €29,413 (+557%), from €5,285 to €34,698
mainly Net result for the year (+€43,921) and Tax, wage and social debts (+€18,890)
- Stocks and contracts +€13,156
up €13,156 (+1.2%), from €1.1m to €1.1m
- Reserves +€33,400
up €33,400 (+17.9%), from €187,000 to €220,400
- Tax, wage and social debts +€18,890
up €18,890 (+148%), from €12,735 to €31,625
- Gross operating margin +€35,591
up €35,591 (+127%), from €28,114 to €63,705
- Taxes +€8,306
up €8,306 (+105%), from €7,897 to €16,204
- Other operating charges -€1,850
no longer reported in 2025 (was €1,850)
- Financial income -€915
down €915 (-78.6%), from €1,164 to €249
of which Financial income: -€708
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 | €1,155,290 | €1,207,120 | +€51,830 | +4.5% |
| Fixed assets | 21/28 | €8,225 | €7,126 | -€1,099 | -13.4% |
| Tangible fixed assets | 22/27 | €8,225 | €7,126 | -€1,099 | -13.4% |
| Plant, machinery and equipment | 23 | €876 | €584 | -€292 | -33.3% |
| Furniture and vehicles | 24 | €2,750 | €1,725 | -€1,024 | -37.3% |
| Other tangible fixed assets | 26 | €4,599 | €4,816 | +€218 | +4.7% |
| Current assets | 29/58 | €1,147,065 | €1,199,994 | +€52,929 | +4.6% |
| Stocks and contracts in progress | 3 | €1,111,666 | €1,124,823 | +€13,156 | +1.2% |
| Stocks | 30/36 | €1,111,666 | €1,124,823 | +€13,156 | +1.2% |
| Amounts receivable within one year | 40/41 | €30,114 | €40,474 | +€10,360 | +34.4% |
| Trade receivables | 40 | €6,559 | €1,866 | -€4,693 | -71.5% |
| Other amounts receivable | 41 | €23,555 | €38,607 | +€15,053 | +63.9% |
| Cash at bank and in hand | 54/58 | €5,285 | €34,698 | +€29,413 | +557% |
| Total equity and liabilities | 10/49 | €1,155,290 | €1,207,120 | +€51,830 | +4.5% |
| Equity | 10/15 | €1,116,316 | €1,149,737 | +€33,421 | +3.0% |
| Contributions | 10/11 | €608,673 | €608,673 | = | 0.0% |
| Reserves | 13 | €187,000 | €220,400 | +€33,400 | +17.9% |
| Distributable reserves | 133 | €187,000 | €220,400 | +€33,400 | +17.9% |
| Profit (loss) carried forward | 14 | €320,643 | €320,664 | +€21 | 0.0% |
| Amounts payable | 17/49 | €38,974 | €57,383 | +€18,409 | +47.2% |
| Amounts payable within one year | 42/48 | €38,974 | €57,383 | +€18,409 | +47.2% |
| Trade debts | 44 | €4,021 | €1,165 | -€2,856 | -71.0% |
| Suppliers | 440/4 | €4,021 | €1,165 | -€2,856 | -71.0% |
| Taxes, remuneration and social security | 45 | €12,735 | €31,625 | +€18,890 | +148% |
| Taxes | 450/3 | €12,735 | €31,625 | +€18,890 | +148% |
| Other amounts payable | 47/48 | €22,218 | €24,593 | +€2,375 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,210 | €3,236 | +€26 | +0.8% |
| Other operating charges | 640/8 | €1,850 | - | -€1,850 | |
| Gross operating margin | 9900 | €28,114 | €63,705 | +€35,591 | +127% |
| Operating profit (loss) | 9901 | €23,054 | €60,469 | +€37,415 | +162% |
| Financial income | 75/76B | €1,164 | €249 | -€915 | -78.6% |
| Recurring financial income | 75 | €729 | €21 | -€708 | -97.2% |
| Non-recurring financial income | 76B | €435 | €228 | -€207 | -47.6% |
| Financial charges | 65/66B | €474 | €593 | +€120 | +25.2% |
| Recurring financial charges | 65 | €468 | €589 | +€121 | +25.8% |
| Non-recurring financial charges | 66B | €6 | €4 | -€1 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €23,744 | €60,124 | +€36,381 | +153% |
| Income taxes | 67/77 | €7,897 | €16,204 | +€8,306 | +105% |
| Profit (loss) for the period | 9904 | €15,846 | €43,921 | +€28,074 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €15,846 | €43,921 | +€28,074 | +177% |
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 22 October 2026 via checked.be.