VAN DEN EEDE: 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.
VAN DEN EEDE
Largest movements
- Cash -€113,102
down €113,102 (-93.2%), from €121,309 to €8,208
mainly Net result for the year (-€271,007) and Current portion of long-term debt (-€4,296)
- Tangible fixed assets -€22,384
down €22,384 (-45.9%), from €48,801 to €26,418
of which Other tangible fixed assets: -€20,614
- Stocks and contracts -€16,789
down €16,789 (-40.8%), from €41,118 to €24,329
- Profit (loss) carried forward -€271,007
down €271,007 (-56.1%), from -€482,896 to -€753,903
- Trade debts +€79,391
up €79,391 (+57.7%), from €137,681 to €217,073
- Tax, wage and social debts +€15,039
up €15,039 (+12.7%), from €118,753 to €133,792
of which Remuneration and social security: +€26,627
- Short-term financial debts +€12,819
up €12,819 (+5.1%), from €251,187 to €264,006
- Other debts +€12,722
up €12,722 (+44.7%), from €28,437 to €41,158
- Gross operating margin -€245,591
down €245,591 (-50.9%), from €482,922 to €237,331
- Other operating charges -€28,881
down €28,881 (-84.7%), from €34,079 to €5,198
- Financial charges +€5,126
up €5,126 (+21.5%), from €23,830 to €28,956
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 | €572,037 | €413,563 | -€158,474 | -27.7% |
| Fixed assets | 21/28 | €52,131 | €29,748 | -€22,384 | -42.9% |
| Tangible fixed assets | 22/27 | €48,801 | €26,418 | -€22,384 | -45.9% |
| Plant, machinery and equipment | 23 | €5,254 | €3,485 | -€1,770 | -33.7% |
| Other tangible fixed assets | 26 | €43,547 | €22,933 | -€20,614 | -47.3% |
| Financial fixed assets | 28 | €3,330 | €3,330 | = | 0.0% |
| Current assets | 29/58 | €519,906 | €383,816 | -€136,090 | -26.2% |
| Stocks and contracts in progress | 3 | €41,118 | €24,329 | -€16,789 | -40.8% |
| Stocks | 30/36 | €41,118 | €24,329 | -€16,789 | -40.8% |
| Amounts receivable within one year | 40/41 | €350,359 | €345,974 | -€4,386 | -1.3% |
| Trade receivables | 40 | €243,314 | €237,838 | -€5,476 | -2.3% |
| Other amounts receivable | 41 | €107,045 | €108,136 | +€1,091 | +1.0% |
| Cash at bank and in hand | 54/58 | €121,309 | €8,208 | -€113,102 | -93.2% |
| Deferred charges and accrued income | 490/1 | €7,119 | €5,305 | -€1,814 | -25.5% |
| Total equity and liabilities | 10/49 | €572,037 | €413,563 | -€158,474 | -27.7% |
| Equity | 10/15 | -€102,718 | -€373,724 | -€271,007 | -264% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €281,179 | €281,179 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,179 | €3,179 | = | 0.0% |
| Legal reserve | 130 | €3,179 | €3,179 | = | 0.0% |
| Distributable reserves | 133 | €278,000 | €278,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€482,896 | -€753,903 | -€271,007 | -56.1% |
| Amounts payable | 17/49 | €674,755 | €787,287 | +€112,533 | +16.7% |
| Amounts payable after more than one year | 17 | €119,775 | €116,633 | -€3,142 | -2.6% |
| Financial debts | 170/4 | €119,775 | €116,633 | -€3,142 | -2.6% |
| Amounts payable within one year | 42/48 | €554,980 | €670,655 | +€115,674 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €18,922 | €14,626 | -€4,296 | -22.7% |
| Financial debts | 43 | €251,187 | €264,006 | +€12,819 | +5.1% |
| Credit institutions | 430/8 | €251,187 | €264,006 | +€12,819 | +5.1% |
| Trade debts | 44 | €137,681 | €217,073 | +€79,391 | +57.7% |
| Suppliers | 440/4 | €137,681 | €217,073 | +€79,391 | +57.7% |
| Taxes, remuneration and social security | 45 | €118,753 | €133,792 | +€15,039 | +12.7% |
| Taxes | 450/3 | €22,103 | €10,514 | -€11,589 | -52.4% |
| Remuneration and social security | 454/9 | €96,650 | €123,278 | +€26,627 | +27.6% |
| Other amounts payable | 47/48 | €28,437 | €41,158 | +€12,722 | +44.7% |
| Remuneration, social security and pensions | 62 | €460,569 | €456,142 | -€4,428 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,836 | €22,384 | +€547 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,414 | -€3,551 | +€863 | +19.5% |
| Other operating charges | 640/8 | €34,079 | €5,198 | -€28,881 | -84.7% |
| Gross operating margin | 9900 | €482,922 | €237,331 | -€245,591 | -50.9% |
| Operating profit (loss) | 9901 | -€29,149 | -€242,842 | -€213,692 | -733% |
| Financial income | 75/76B | €838 | €923 | +€85 | +10.1% |
| Recurring financial income | 75 | €838 | €923 | +€85 | +10.1% |
| Financial charges | 65/66B | €23,830 | €28,956 | +€5,126 | +21.5% |
| Recurring financial charges | 65 | €23,830 | €28,956 | +€5,126 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€52,140 | -€270,875 | -€218,734 | -420% |
| Income taxes | 67/77 | €168 | €132 | -€36 | -21.3% |
| Profit (loss) for the period | 9904 | -€52,308 | -€271,007 | -€218,699 | -418% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,308 | -€271,007 | -€218,699 | -418% |
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 14 October 2026 via checked.be.