VAN DEN EIJNDE CHRISTEL: 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 EIJNDE CHRISTEL
Largest movements
- Cash -€104,327
down €104,327 (-60.9%), from €171,248 to €66,921
mainly Contributions, distributions and other (-€189,500) and Debts after one year (-€10,266)
- Receivables within one year -€36,966
down €36,966 (-19.7%), from €187,482 to €150,516
of which Other amounts receivable: -€22,424
- Current investments -€12,000
down €12,000 (-36.4%), from €33,000 to €21,000
- Reserves -€170,509
down €170,509 (-42.3%), from €403,302 to €232,793
- Other debts +€20,575
new in 2025: €20,575
- Debts after one year -€10,266
down €10,266 (-74.8%), from €13,731 to €3,465
- Trade debts +€7,653
up €7,653 (+878%), from €872 to €8,525
- Gross operating margin -€75,751
down €75,751 (-69.6%), from €108,794 to €33,043
- Taxes -€19,702
down €19,702 (-67.9%), from €29,029 to €9,327
- Financial income -€4,519
down €4,519 (-35.4%), from €12,779 to €8,260
- Depreciation -€1,392
down €1,392 (-12.9%), from €10,824 to €9,431
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 | €456,379 | €301,455 | -€154,924 | -33.9% |
| Fixed assets | 21/28 | €61,612 | €58,601 | -€3,011 | -4.9% |
| Tangible fixed assets | 22/27 | €60,612 | €57,601 | -€3,011 | -5.0% |
| Plant, machinery and equipment | 23 | €26,651 | €22,950 | -€3,702 | -13.9% |
| Furniture and vehicles | 24 | €7,644 | €12,676 | +€5,032 | +65.8% |
| Other tangible fixed assets | 26 | €26,317 | €21,975 | -€4,342 | -16.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €394,766 | €242,854 | -€151,912 | -38.5% |
| Amounts receivable within one year | 40/41 | €187,482 | €150,516 | -€36,966 | -19.7% |
| Trade receivables | 40 | €14,541 | - | -€14,541 | |
| Other amounts receivable | 41 | €172,940 | €150,516 | -€22,424 | -13.0% |
| Current investments | 50/53 | €33,000 | €21,000 | -€12,000 | -36.4% |
| Cash at bank and in hand | 54/58 | €171,248 | €66,921 | -€104,327 | -60.9% |
| Deferred charges and accrued income | 490/1 | €3,036 | €4,417 | +€1,380 | +45.5% |
| Total equity and liabilities | 10/49 | €456,379 | €301,455 | -€154,924 | -33.9% |
| Equity | 10/15 | €415,702 | €245,193 | -€170,509 | -41.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €403,302 | €232,793 | -€170,509 | -42.3% |
| Distributable reserves | 133 | €403,302 | €232,793 | -€170,509 | -42.3% |
| Amounts payable | 17/49 | €40,677 | €56,261 | +€15,585 | +38.3% |
| Amounts payable after more than one year | 17 | €13,731 | €3,465 | -€10,266 | -74.8% |
| Financial debts | 170/4 | €13,731 | €3,465 | -€10,266 | -74.8% |
| Amounts payable within one year | 42/48 | €26,945 | €52,796 | +€25,851 | +95.9% |
| Current portion of amounts payable after more than one year | 42 | €10,073 | €10,266 | +€193 | +1.9% |
| Trade debts | 44 | €872 | €8,525 | +€7,653 | +878% |
| Suppliers | 440/4 | €872 | €8,525 | +€7,653 | +878% |
| Taxes, remuneration and social security | 45 | €16,000 | €13,430 | -€2,570 | -16.1% |
| Taxes | 450/3 | €16,000 | €13,430 | -€2,570 | -16.1% |
| Other amounts payable | 47/48 | - | €20,575 | +€20,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,824 | €9,431 | -€1,392 | -12.9% |
| Other operating charges | 640/8 | €2,928 | €2,939 | +€12 | +0.4% |
| Gross operating margin | 9900 | €108,794 | €33,043 | -€75,751 | -69.6% |
| Operating profit (loss) | 9901 | €95,042 | €20,672 | -€74,370 | -78.2% |
| Financial income | 75/76B | €12,779 | €8,260 | -€4,519 | -35.4% |
| Recurring financial income | 75 | €12,779 | €8,260 | -€4,519 | -35.4% |
| Financial charges | 65/66B | €1,341 | €614 | -€727 | -54.2% |
| Recurring financial charges | 65 | €1,341 | €614 | -€727 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €106,480 | €28,318 | -€78,162 | -73.4% |
| Income taxes | 67/77 | €29,029 | €9,327 | -€19,702 | -67.9% |
| Profit (loss) for the period | 9904 | €77,451 | €18,991 | -€58,459 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,451 | €18,991 | -€58,459 | -75.5% |
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 19 October 2026 via checked.be.