VAN DEN EYNDE: 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 EYNDE
Largest movements
- Cash +€312,632
up €312,632 (+269.2%), from €116,129 to €428,761
mainly Current investments (+€191,000) and Net result for the year (+€90,198)
- Current investments -€191,000
no longer reported in 2025 (was €191,000)
- Tangible fixed assets -€43,918
down €43,918 (-50.6%), from €86,748 to €42,830
of which Plant, machinery and equipment: -€41,888
- Receivables within one year +€11,001
up €11,001 (+176.1%), from €6,247 to €17,248
of which Trade receivables: +€9,242
- Profit (loss) carried forward +€65,674
no longer reported in 2025 (was -€65,674)
- Reserves +€24,524
up €24,524 (+6.2%), from €395,149 to €419,672
of which Distributable reserves: +€24,524
- Gross operating margin +€71,033
up €71,033 (+136.8%), from €51,943 to €122,975
- Taxes +€30,562
up €30,562 (+9384.1%), from €326 to €30,888
- Financial income +€9,441
up €9,441 (+9441090.0%), from €0 to €9,441
- Depreciation -€7,748
down €7,748 (-96.9%), from €7,996 to €248
- Other operating charges -€3,778
down €3,778 (-27.8%), from €13,564 to €9,787
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 | €402,461 | €488,839 | +€86,378 | +21.5% |
| Fixed assets | 21/28 | €86,748 | €42,830 | -€43,918 | -50.6% |
| Tangible fixed assets | 22/27 | €86,748 | €42,830 | -€43,918 | -50.6% |
| Land and buildings | 22 | €44,172 | €42,390 | -€1,782 | -4.0% |
| Plant, machinery and equipment | 23 | €41,888 | - | -€41,888 | |
| Furniture and vehicles | 24 | €688 | €440 | -€248 | -36.0% |
| Current assets | 29/58 | €315,713 | €446,009 | +€130,296 | +41.3% |
| Amounts receivable within one year | 40/41 | €6,247 | €17,248 | +€11,001 | +176.1% |
| Trade receivables | 40 | €3,125 | €12,367 | +€9,242 | +295.7% |
| Other amounts receivable | 41 | €3,122 | €4,881 | +€1,759 | +56.4% |
| Current investments | 50/53 | €191,000 | - | -€191,000 | |
| Cash at bank and in hand | 54/58 | €116,129 | €428,761 | +€312,632 | +269.2% |
| Deferred charges and accrued income | 490/1 | €2,337 | - | -€2,337 | |
| Total equity and liabilities | 10/49 | €402,461 | €488,839 | +€86,378 | +21.5% |
| Equity | 10/15 | €391,475 | €481,672 | +€90,198 | +23.0% |
| 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% |
| Reserves | 13 | €395,149 | €419,672 | +€24,524 | +6.2% |
| Non-distributable reserves | 130/1 | €48,500 | €48,500 | = | 0.0% |
| Legal reserve | 130 | €48,500 | €48,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,566 | €35,566 | = | 0.0% |
| Distributable reserves | 133 | €311,083 | €335,606 | +€24,524 | +7.9% |
| Profit (loss) carried forward | 14 | -€65,674 | - | +€65,674 | |
| Provisions and deferred taxes | 16 | €3,125 | €3,125 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,125 | €3,125 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,125 | €3,125 | = | 0.0% |
| Amounts payable | 17/49 | €7,861 | €4,042 | -€3,820 | -48.6% |
| Amounts payable within one year | 42/48 | €7,134 | €4,042 | -€3,092 | -43.3% |
| Trade debts | 44 | €6,489 | €1,610 | -€4,879 | -75.2% |
| Suppliers | 440/4 | €6,489 | €1,610 | -€4,879 | -75.2% |
| Taxes, remuneration and social security | 45 | €645 | €2,432 | +€1,787 | +277.3% |
| Taxes | 450/3 | €645 | €2,432 | +€1,787 | +277.3% |
| Accrued charges and deferred income | 492/3 | €728 | - | -€728 | |
| Non-recurring operating income | 76A | €0 | €49,640 | +€49,640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,996 | €248 | -€7,748 | -96.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €745 | - | -€745 | |
| Other operating charges | 640/8 | €13,564 | €9,787 | -€3,778 | -27.8% |
| Gross operating margin | 9900 | €51,943 | €122,975 | +€71,033 | +136.8% |
| Operating profit (loss) | 9901 | €29,638 | €112,941 | +€83,304 | +281.1% |
| Financial income | 75/76B | €0 | €9,441 | +€9,441 | +9441090.0% |
| Recurring financial income | 75 | €0 | €9,441 | +€9,441 | +9441090.0% |
| Financial charges | 65/66B | €334 | €1,297 | +€963 | +288.8% |
| Recurring financial charges | 65 | €334 | €1,297 | +€963 | +288.8% |
| Profit (loss) for the period before taxes | 9903 | €29,304 | €121,086 | +€91,781 | +313.2% |
| Income taxes | 67/77 | €326 | €30,888 | +€30,562 | +9384.1% |
| Profit (loss) for the period | 9904 | €28,979 | €90,198 | +€61,219 | +211.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,979 | €90,198 | +€61,219 | +211.3% |
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 12 October 2026 via checked.be.