VAN EEGHEM: 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 EEGHEM
Largest movements
- Tangible fixed assets -€24,969
down €24,969 (-10.8%), from €231,018 to €206,049
of which Land and buildings: -€16,888
- Receivables within one year +€14,267
up €14,267 (+17.4%), from €81,867 to €96,134
of which Trade receivables: +€12,650
- Cash -€3,993
down €3,993 (-79.0%), from €5,056 to €1,063
mainly Debts after one year (-€26,916) and Net result for the year (-€24,179)
- Trade debts +€27,309
up €27,309 (+137.7%), from €19,835 to €47,144
- Debts after one year -€26,916
down €26,916 (-29.6%), from €90,821 to €63,905
- Reserves -€23,438
down €23,438 (-16.8%), from €139,322 to €115,885
- Short-term financial debts +€9,733
up €9,733 (+49.7%), from €19,579 to €29,312
- Other debts +€8,842
up €8,842 (+216.2%), from €4,089 to €12,931
- Gross operating margin -€45,464
down €45,464 (-70.5%), from €64,498 to €19,034
- Taxes -€5,228
down €5,228 (-99.9%), from €5,231 to €3
- Financial charges -€1,082
down €1,082 (-11.2%), from €9,688 to €8,606
- Depreciation +€786
up €786 (+2.7%), from €29,101 to €29,886
- Other operating charges -€771
down €771 (-12.9%), from €5,959 to €5,188
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 | €329,465 | €320,424 | -€9,042 | -2.7% |
| Fixed assets | 21/28 | €231,018 | €206,049 | -€24,969 | -10.8% |
| Tangible fixed assets | 22/27 | €231,018 | €206,049 | -€24,969 | -10.8% |
| Land and buildings | 22 | €180,423 | €163,535 | -€16,888 | -9.4% |
| Plant, machinery and equipment | 23 | €45,692 | €38,448 | -€7,245 | -15.9% |
| Furniture and vehicles | 24 | €4,902 | €4,066 | -€836 | -17.1% |
| Current assets | 29/58 | €98,448 | €114,375 | +€15,927 | +16.2% |
| Amounts receivable after more than one year | 29 | €5,811 | €5,967 | +€156 | +2.7% |
| Other amounts receivable | 291 | €5,811 | €5,967 | +€156 | +2.7% |
| Stocks and contracts in progress | 3 | €4,805 | €8,058 | +€3,253 | +67.7% |
| Stocks | 30/36 | €4,805 | €8,058 | +€3,253 | +67.7% |
| Amounts receivable within one year | 40/41 | €81,867 | €96,134 | +€14,267 | +17.4% |
| Trade receivables | 40 | €81,046 | €93,696 | +€12,650 | +15.6% |
| Other amounts receivable | 41 | €821 | €2,438 | +€1,617 | +196.8% |
| Cash at bank and in hand | 54/58 | €5,056 | €1,063 | -€3,993 | -79.0% |
| Deferred charges and accrued income | 490/1 | €908 | €3,153 | +€2,245 | +247.2% |
| Total equity and liabilities | 10/49 | €329,465 | €320,424 | -€9,042 | -2.7% |
| Equity | 10/15 | €158,663 | €134,485 | -€24,179 | -15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,322 | €115,885 | -€23,438 | -16.8% |
| Distributable reserves | 133 | €139,322 | €115,885 | -€23,438 | -16.8% |
| Profit (loss) carried forward | 14 | €741 | €0 | -€741 | -100.0% |
| Amounts payable | 17/49 | €170,802 | €185,939 | +€15,137 | +8.9% |
| Amounts payable after more than one year | 17 | €90,821 | €63,905 | -€26,916 | -29.6% |
| Financial debts | 170/4 | €90,821 | €63,905 | -€26,916 | -29.6% |
| Amounts payable within one year | 42/48 | €79,981 | €122,034 | +€42,053 | +52.6% |
| Current portion of amounts payable after more than one year | 42 | €26,552 | €26,916 | +€364 | +1.4% |
| Financial debts | 43 | €19,579 | €29,312 | +€9,733 | +49.7% |
| Credit institutions | 430/8 | €19,579 | €29,312 | +€9,733 | +49.7% |
| Trade debts | 44 | €19,835 | €47,144 | +€27,309 | +137.7% |
| Suppliers | 440/4 | €19,835 | €47,144 | +€27,309 | +137.7% |
| Taxes, remuneration and social security | 45 | €9,926 | €5,731 | -€4,195 | -42.3% |
| Taxes | 450/3 | €9,926 | €5,731 | -€4,195 | -42.3% |
| Other amounts payable | 47/48 | €4,089 | €12,931 | +€8,842 | +216.2% |
| Non-recurring operating income | 76A | €4,173 | €0 | -€4,173 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,101 | €29,886 | +€786 | +2.7% |
| Other operating charges | 640/8 | €5,959 | €5,188 | -€771 | -12.9% |
| Gross operating margin | 9900 | €64,498 | €19,034 | -€45,464 | -70.5% |
| Operating profit (loss) | 9901 | €29,438 | -€16,040 | -€45,478 | |
| Financial income | 75/76B | €715 | €471 | -€244 | -34.1% |
| Recurring financial income | 75 | €715 | €471 | -€244 | -34.1% |
| Financial charges | 65/66B | €9,688 | €8,606 | -€1,082 | -11.2% |
| Recurring financial charges | 65 | €9,688 | €8,606 | -€1,082 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €20,464 | -€24,176 | -€44,640 | |
| Income taxes | 67/77 | €5,231 | €3 | -€5,228 | -99.9% |
| Profit (loss) for the period | 9904 | €15,234 | -€24,179 | -€39,412 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,234 | -€24,179 | -€39,412 |
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 7 October 2026 via checked.be.