Ter Eiken Boechout: 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.
What changed
Ter Eiken Boechout
NACE 85.510, Sports and recreation education
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€29,479
2024 · €23,884+€5,595
Equity
€4.5m
2024 · €4.4m+€29,479
Cash
€74,129
2024 · €37,477+€36,652
Balance sheet total
€5.6m
2024 · €5.7m-€70,325
Largest movements
Assets
- Tangible fixed assets -€87,940
down €87,940 (-1.6%), from €5.6m to €5.5m
of which Land and buildings: -€66,081
Equity and liabilities
- Debts after one year -€94,850
down €94,850 (-8.7%), from €1.1m to €998,605
Income statement
- Gross operating margin -€32,350
down €32,350 (-9.5%), from €342,084 to €309,734
- Other operating charges -€27,367
down €27,367 (-64.9%), from €42,168 to €14,801
- Financial charges -€15,545
down €15,545 (-23.6%), from €65,751 to €50,206
- Depreciation +€11,174
up €11,174 (+8.8%), from €127,103 to €138,277
- Staff costs -€4,867
down €4,867 (-5.8%), from €83,297 to €78,430
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
€23,884
Gross operating margin
-€32,350
Staff costs
+€4,867
Depreciation
-€11,174
Other operating charges
+€27,367
Financial income
+€1,340
Financial charges
+€15,545
Result 2025
€29,479
raises the resultlowers the result
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.
From operations
+€181,638
Investment
-€50,337
Financing
-€94,649
Cash 2024
€37,477
From operations (derived)
+€181,638
Net result for the year
+€29,479
Depreciation
+€138,277
Stocks and contracts
+€3,544
Receivables within one year
+€15,216
Deferred charges and accrued income
+€277
Trade debts
-€28,125
Tax, wage and social debts
-€1,156
Other debts
+€24,126
Investment (derived)
-€50,337
Investment in fixed assets (net)
-€50,337
Financing
-€94,649
Debts after one year
-€94,850
Current portion of long-term debt
+€200
Cash 2025
€74,129
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,694,848 | €5,624,523 | -€70,325 | -1.2% |
| Fixed assets | 21/28 | €5,594,722 | €5,506,782 | -€87,940 | -1.6% |
| Tangible fixed assets | 22/27 | €5,594,722 | €5,506,782 | -€87,940 | -1.6% |
| Land and buildings | 22 | €5,514,385 | €5,448,304 | -€66,081 | -1.2% |
| Plant, machinery and equipment | 23 | €36,895 | €26,038 | -€10,857 | -29.4% |
| Furniture and vehicles | 24 | €27,752 | €22,256 | -€5,497 | -19.8% |
| Leasing and similar rights | 25 | €15,690 | €10,185 | -€5,506 | -35.1% |
| Current assets | 29/58 | €100,125 | €117,740 | +€17,615 | +17.6% |
| Stocks and contracts in progress | 3 | €11,927 | €8,383 | -€3,544 | -29.7% |
| Stocks | 30/36 | €11,927 | €8,383 | -€3,544 | -29.7% |
| Amounts receivable within one year | 40/41 | €50,445 | €35,229 | -€15,216 | -30.2% |
| Trade receivables | 40 | €3,658 | €4,112 | +€455 | +12.4% |
| Other amounts receivable | 41 | €46,787 | €31,117 | -€15,671 | -33.5% |
| Cash at bank and in hand | 54/58 | €37,477 | €74,129 | +€36,652 | +97.8% |
| Deferred charges and accrued income | 490/1 | €277 | €0 | -€277 | -100% |
| Total equity and liabilities | 10/49 | €5,694,848 | €5,624,523 | -€70,325 | -1.2% |
| Equity | 10/15 | €4,447,750 | €4,477,229 | +€29,479 | +0.7% |
| Contributions | 10/11 | €600,841 | €600,841 | = | 0.0% |
| Capital | 10 | €600,841 | €600,841 | = | 0.0% |
| Issued capital | 100 | €600,841 | €600,841 | = | 0.0% |
| Revaluation surpluses | 12 | €3,658,674 | €3,658,674 | = | 0.0% |
| Reserves | 13 | €44,313 | €44,313 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,789 | €10,789 | = | 0.0% |
| Legal reserve | 130 | €10,789 | €10,789 | = | 0.0% |
| Distributable reserves | 133 | €33,524 | €33,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,922 | €173,401 | +€29,479 | +20.5% |
| Amounts payable | 17/49 | €1,247,097 | €1,147,294 | -€99,804 | -8.0% |
| Amounts payable after more than one year | 17 | €1,093,455 | €998,605 | -€94,850 | -8.7% |
| Financial debts | 170/4 | €1,093,455 | €998,605 | -€94,850 | -8.7% |
| Amounts payable within one year | 42/48 | €153,643 | €148,689 | -€4,954 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €4,649 | €4,850 | +€200 | +4.3% |
| Financial debts | 43 | €90,000 | €90,000 | = | 0.0% |
| Credit institutions | 430/8 | €90,000 | €90,000 | = | 0.0% |
| Trade debts | 44 | €40,994 | €12,870 | -€28,125 | -68.6% |
| Suppliers | 440/4 | €40,994 | €12,870 | -€28,125 | -68.6% |
| Taxes, remuneration and social security | 45 | €11,876 | €10,719 | -€1,156 | -9.7% |
| Taxes | 450/3 | €4,485 | €3,197 | -€1,288 | -28.7% |
| Remuneration and social security | 454/9 | €7,391 | €7,522 | +€131 | +1.8% |
| Other amounts payable | 47/48 | €6,124 | €30,250 | +€24,126 | +394% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €83,297 | €78,430 | -€4,867 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,103 | €138,277 | +€11,174 | +8.8% |
| Other operating charges | 640/8 | €42,168 | €14,801 | -€27,367 | -64.9% |
| Gross operating margin | 9900 | €342,084 | €309,734 | -€32,350 | -9.5% |
| Operating profit (loss) | 9901 | €89,515 | €78,225 | -€11,290 | -12.6% |
| Financial income | 75/76B | €119 | €1,459 | +€1,340 | +1,124% |
| Recurring financial income | 75 | €119 | €1,459 | +€1,340 | +1,124% |
| Financial charges | 65/66B | €65,751 | €50,206 | -€15,545 | -23.6% |
| Recurring financial charges | 65 | €65,751 | €50,206 | -€15,545 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €23,884 | €29,479 | +€5,595 | +23.4% |
| Profit (loss) for the period | 9904 | €23,884 | €29,479 | +€5,595 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,884 | €29,479 | +€5,595 | +23.4% |
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.