Ronald VAN DEN ECKER: 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.
Ronald VAN DEN ECKER
Largest movements
- Current investments +€118,634
up €118,634 (+65.9%), from €180,058 to €298,692
- Receivables within one year -€43,071
down €43,071 (-26.7%), from €161,260 to €118,189
of which Other amounts receivable: -€80,881
- Tangible fixed assets -€38,018
down €38,018 (-14.5%), from €262,358 to €224,340
of which Land and buildings: -€42,650
- Cash -€31,255
down €31,255 (-79.7%), from €39,230 to €7,975
mainly Contributions, distributions and other (-€306,000) and Current investments (-€118,634)
- Other debts +€188,000
up €188,000 (+159.3%), from €118,000 to €306,000
- Reserves -€153,000
down €153,000 (-20.8%), from €736,860 to €583,860
of which Distributable reserves: -€153,000
- Debts after one year -€41,882
down €41,882 (-22.9%), from €182,798 to €140,916
- Tax, wage and social debts -€17,833
down €17,833 (-26.0%), from €68,542 to €50,709
of which Taxes: -€23,063
- Gross operating margin -€55,590
down €55,590 (-18.4%), from €302,933 to €247,343
- Taxes -€17,362
down €17,362 (-19.4%), from €89,643 to €72,281
- Financial income +€7,883
up €7,883 (+18.5%), from €42,596 to €50,479
- Depreciation +€6,780
up €6,780 (+13.9%), from €48,838 to €55,618
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,527,658 | €1,522,236 | -€5,422 | -0.4% |
| Fixed assets | 21/28 | €264,554 | €226,536 | -€38,018 | -14.4% |
| Tangible fixed assets | 22/27 | €262,358 | €224,340 | -€38,018 | -14.5% |
| Land and buildings | 22 | €254,809 | €212,159 | -€42,650 | -16.7% |
| Plant, machinery and equipment | 23 | €1,386 | €528 | -€858 | -61.9% |
| Furniture and vehicles | 24 | €6,163 | €11,653 | +€5,490 | +89.1% |
| Financial fixed assets | 28 | €2,196 | €2,196 | = | 0.0% |
| Current assets | 29/58 | €1,263,104 | €1,295,700 | +€32,596 | +2.6% |
| Amounts receivable after more than one year | 29 | €869,700 | €854,849 | -€14,851 | -1.7% |
| Other amounts receivable | 291 | €869,700 | €854,849 | -€14,851 | -1.7% |
| Amounts receivable within one year | 40/41 | €161,260 | €118,189 | -€43,071 | -26.7% |
| Trade receivables | 40 | - | €37,810 | +€37,810 | |
| Other amounts receivable | 41 | €161,260 | €80,379 | -€80,881 | -50.2% |
| Current investments | 50/53 | €180,058 | €298,692 | +€118,634 | +65.9% |
| Cash at bank and in hand | 54/58 | €39,230 | €7,975 | -€31,255 | -79.7% |
| Deferred charges and accrued income | 490/1 | €12,856 | €15,995 | +€3,139 | +24.4% |
| Total equity and liabilities | 10/49 | €1,527,658 | €1,522,236 | -€5,422 | -0.4% |
| Equity | 10/15 | €1,076,589 | €924,484 | -€152,105 | -14.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €736,860 | €583,860 | -€153,000 | -20.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €735,000 | €582,000 | -€153,000 | -20.8% |
| Profit (loss) carried forward | 14 | €327,329 | €328,224 | +€895 | +0.3% |
| Amounts payable | 17/49 | €451,069 | €597,752 | +€146,683 | +32.5% |
| Amounts payable after more than one year | 17 | €182,798 | €140,916 | -€41,882 | -22.9% |
| Financial debts | 170/4 | €182,798 | €140,916 | -€41,882 | -22.9% |
| Amounts payable within one year | 42/48 | €250,528 | €438,418 | +€187,890 | +75.0% |
| Current portion of amounts payable after more than one year | 42 | €39,807 | €41,882 | +€2,075 | +5.2% |
| Financial debts | 43 | €10,000 | €13,333 | +€3,333 | +33.3% |
| Credit institutions | 430/8 | €10,000 | €13,333 | +€3,333 | +33.3% |
| Trade debts | 44 | €14,179 | €26,494 | +€12,315 | +86.9% |
| Suppliers | 440/4 | €14,179 | €26,494 | +€12,315 | +86.9% |
| Taxes, remuneration and social security | 45 | €68,542 | €50,709 | -€17,833 | -26.0% |
| Taxes | 450/3 | €68,542 | €45,479 | -€23,063 | -33.6% |
| Remuneration and social security | 454/9 | - | €5,230 | +€5,230 | |
| Other amounts payable | 47/48 | €118,000 | €306,000 | +€188,000 | +159.3% |
| Accrued charges and deferred income | 492/3 | €17,743 | €18,418 | +€675 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,838 | €55,618 | +€6,780 | +13.9% |
| Other operating charges | 640/8 | €3,915 | €3,840 | -€75 | -1.9% |
| Gross operating margin | 9900 | €302,933 | €247,343 | -€55,590 | -18.4% |
| Operating profit (loss) | 9901 | €250,180 | €187,885 | -€62,295 | -24.9% |
| Financial income | 75/76B | €42,596 | €50,479 | +€7,883 | +18.5% |
| Recurring financial income | 75 | €42,596 | €50,479 | +€7,883 | +18.5% |
| Financial charges | 65/66B | €13,031 | €12,188 | -€843 | -6.5% |
| Recurring financial charges | 65 | €13,031 | €12,188 | -€843 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €279,745 | €226,176 | -€53,569 | -19.1% |
| Income taxes | 67/77 | €89,643 | €72,281 | -€17,362 | -19.4% |
| Profit (loss) for the period | 9904 | €190,102 | €153,895 | -€36,207 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €190,102 | €153,895 | -€36,207 | -19.0% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.