VAN EECHOUTE: what changed
Two fiscal 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 EECHOUTE
Largest movements
- Receivables within one year +€107,648
up €107,648 (+944.4%), from €11,399 to €119,046
of which Trade receivables: +€118,634
- Tangible fixed assets +€69,376
up €69,376 (+9.8%), from €709,404 to €778,780
of which Land and buildings: +€69,376
- Other debts +€610,837
up €610,837 (+118.1%), from €517,020 to €1.1m
- Short-term financial debts -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Trade debts -€29,153
down €29,153 (-32.3%), from €90,353 to €61,200
- Financial charges -€10,240
down €10,240 (-33.2%), from €30,855 to €20,615
- Depreciation -€6,705
down €6,705 (-17.2%), from €38,893 to €32,188
- Staff costs +€5,059
up €5,059 (+27.7%), from €18,272 to €23,330
- Gross operating margin -€3,507
down €3,507 (-3.1%), from €112,687 to €109,180
- Other operating charges +€1,776
up €1,776 (+11.3%), from €15,735 to €17,511
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 | €1,301,514 | €1,478,631 | +€177,117 | +13.6% |
| Fixed assets | 21/28 | €709,763 | €778,780 | +€69,017 | +9.7% |
| Tangible fixed assets | 22/27 | €709,404 | €778,780 | +€69,376 | +9.8% |
| Land and buildings | 22 | €704,942 | €774,318 | +€69,376 | +9.8% |
| Plant, machinery and equipment | 23 | €4,462 | €4,462 | = | 0.0% |
| Financial fixed assets | 28 | €359 | €0 | -€359 | -100.0% |
| Current assets | 29/58 | €591,751 | €699,851 | +€108,100 | +18.3% |
| Stocks and contracts in progress | 3 | €534,185 | €534,185 | = | 0.0% |
| Stocks | 30/36 | €534,185 | €534,185 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,399 | €119,046 | +€107,648 | +944.4% |
| Trade receivables | 40 | €413 | €119,046 | +€118,634 | +28729.7% |
| Other amounts receivable | 41 | €10,986 | €0 | -€10,986 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,000 | €1,089 | +€89 | +8.9% |
| Deferred charges and accrued income | 490/1 | €45,168 | €45,531 | +€364 | +0.8% |
| Total equity and liabilities | 10/49 | €1,301,514 | €1,478,631 | +€177,117 | +13.6% |
| Equity | 10/15 | €153,186 | €163,487 | +€10,300 | +6.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €34,751 | €45,052 | +€10,300 | +29.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €32,892 | €43,192 | +€10,300 | +31.3% |
| Profit (loss) carried forward | 14 | €99,843 | €99,843 | = | 0.0% |
| Amounts payable | 17/49 | €1,148,327 | €1,315,144 | +€166,817 | +14.5% |
| Amounts payable after more than one year | 17 | €120,394 | €106,000 | -€14,394 | -12.0% |
| Financial debts | 170/4 | €120,394 | €106,000 | -€14,394 | -12.0% |
| Amounts payable within one year | 42/48 | €1,027,933 | €1,209,144 | +€181,211 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €13,980 | €14,394 | +€414 | +3.0% |
| Financial debts | 43 | €400,000 | €0 | -€400,000 | -100.0% |
| Credit institutions | 430/8 | €400,000 | €0 | -€400,000 | -100.0% |
| Trade debts | 44 | €90,353 | €61,200 | -€29,153 | -32.3% |
| Suppliers | 440/4 | €90,353 | €61,200 | -€29,153 | -32.3% |
| Taxes, remuneration and social security | 45 | €6,580 | €5,693 | -€886 | -13.5% |
| Taxes | 450/3 | €3,299 | €5,236 | +€1,937 | +58.7% |
| Remuneration and social security | 454/9 | €3,280 | €458 | -€2,823 | -86.0% |
| Other amounts payable | 47/48 | €517,020 | €1,127,857 | +€610,837 | +118.1% |
| Remuneration, social security and pensions | 62 | €18,272 | €23,330 | +€5,059 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,893 | €32,188 | -€6,705 | -17.2% |
| Other operating charges | 640/8 | €15,735 | €17,511 | +€1,776 | +11.3% |
| Gross operating margin | 9900 | €112,687 | €109,180 | -€3,507 | -3.1% |
| Operating profit (loss) | 9901 | €39,787 | €36,150 | -€3,637 | -9.1% |
| Financial income | 75/76B | €1,161 | €1 | -€1,160 | -99.9% |
| Recurring financial income | 75 | €1,161 | €1 | -€1,160 | -99.9% |
| Financial charges | 65/66B | €30,855 | €20,615 | -€10,240 | -33.2% |
| Recurring financial charges | 65 | €30,855 | €20,615 | -€10,240 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €10,094 | €15,536 | +€5,442 | +53.9% |
| Income taxes | 67/77 | €4,071 | €5,236 | +€1,164 | +28.6% |
| Profit (loss) for the period | 9904 | €6,022 | €10,300 | +€4,278 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,022 | €10,300 | +€4,278 | +71.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.