VAN EENOO - DE MEYER: 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 EENOO - DE MEYER
Largest movements
- Cash -€365,854
down €365,854 (-76.8%), from €476,303 to €110,450
mainly Short-term financial debts (-€292,224) and Investment in fixed assets (net) (-€236,874)
- Tangible fixed assets +€184,725
up €184,725 (+156%), from €118,406 to €303,131
of which Furniture and vehicles: +€194,891
- Receivables within one year -€121,508
down €121,508 (-48.9%), from €248,681 to €127,173
of which Other amounts receivable: -€85,636
- Stocks and contracts +€95,323
up €95,323 (+31.7%), from €300,636 to €395,959
of which Stocks: +€60,436
- Short-term financial debts -€292,224
down €292,224 (-100%), from €292,224 to €0
- Debts after one year +€98,864
up €98,864 (+80.7%), from €122,454 to €221,318
- Tax, wage and social debts -€91,834
down €91,834 (-77.0%), from €119,333 to €27,498
of which Taxes: -€93,101
- Reserves +€78,671
up €78,671 (+15.6%), from €503,695 to €582,367
- Other debts -€31,898
down €31,898 (-76.5%), from €41,702 to €9,804
- Gross operating margin +€32,641
up €32,641 (+10.0%), from €325,463 to €358,103
- Financial charges -€27,489
down €27,489 (-57.6%), from €47,759 to €20,270
- Depreciation +€15,816
up €15,816 (+43.5%), from €36,334 to €52,150
- Staff costs +€13,304
up €13,304 (+8.3%), from €160,000 to €173,304
- Taxes +€4,856
up €4,856 (+24.9%), from €19,512 to €24,368
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 | €1,152,068 | €944,342 | -€207,726 | -18.0% |
| Fixed assets | 21/28 | €118,541 | €303,266 | +€184,725 | +156% |
| Tangible fixed assets | 22/27 | €118,406 | €303,131 | +€184,725 | +156% |
| Plant, machinery and equipment | 23 | €13,261 | €13,389 | +€128 | +1.0% |
| Furniture and vehicles | 24 | €56,607 | €251,498 | +€194,891 | +344% |
| Leasing and similar rights | 25 | €43,327 | €33,640 | -€9,687 | -22.4% |
| Other tangible fixed assets | 26 | €5,211 | €4,604 | -€607 | -11.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,033,527 | €641,076 | -€392,451 | -38.0% |
| Stocks and contracts in progress | 3 | €300,636 | €395,959 | +€95,323 | +31.7% |
| Stocks | 30/36 | €205,523 | €265,959 | +€60,436 | +29.4% |
| Contracts in progress | 37 | €95,113 | €130,000 | +€34,887 | +36.7% |
| Amounts receivable within one year | 40/41 | €248,681 | €127,173 | -€121,508 | -48.9% |
| Trade receivables | 40 | €43,270 | €7,398 | -€35,872 | -82.9% |
| Other amounts receivable | 41 | €205,411 | €119,776 | -€85,636 | -41.7% |
| Cash at bank and in hand | 54/58 | €476,303 | €110,450 | -€365,854 | -76.8% |
| Deferred charges and accrued income | 490/1 | €7,907 | €7,495 | -€412 | -5.2% |
| Total equity and liabilities | 10/49 | €1,152,068 | €944,342 | -€207,726 | -18.0% |
| Equity | 10/15 | €522,295 | €600,967 | +€78,671 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €503,695 | €582,367 | +€78,671 | +15.6% |
| Distributable reserves | 133 | €503,695 | €582,367 | +€78,671 | +15.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €629,773 | €343,375 | -€286,397 | -45.5% |
| Amounts payable after more than one year | 17 | €122,454 | €221,318 | +€98,864 | +80.7% |
| Financial debts | 170/4 | €122,454 | €221,318 | +€98,864 | +80.7% |
| Amounts payable within one year | 42/48 | €507,319 | €122,058 | -€385,261 | -75.9% |
| Current portion of amounts payable after more than one year | 42 | €32,286 | €47,813 | +€15,527 | +48.1% |
| Financial debts | 43 | €292,224 | €0 | -€292,224 | -100% |
| Credit institutions | 430/8 | €292,224 | €0 | -€292,224 | -100% |
| Trade debts | 44 | €21,775 | €36,943 | +€15,169 | +69.7% |
| Suppliers | 440/4 | €21,775 | €36,943 | +€15,169 | +69.7% |
| Taxes, remuneration and social security | 45 | €119,333 | €27,498 | -€91,834 | -77.0% |
| Taxes | 450/3 | €112,312 | €19,211 | -€93,101 | -82.9% |
| Remuneration and social security | 454/9 | €7,020 | €8,287 | +€1,267 | +18.0% |
| Other amounts payable | 47/48 | €41,702 | €9,804 | -€31,898 | -76.5% |
| Remuneration, social security and pensions | 62 | €160,000 | €173,304 | +€13,304 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,334 | €52,150 | +€15,816 | +43.5% |
| Other operating charges | 640/8 | €2,489 | €3,340 | +€851 | +34.2% |
| Gross operating margin | 9900 | €325,463 | €358,103 | +€32,641 | +10.0% |
| Operating profit (loss) | 9901 | €126,640 | €129,309 | +€2,669 | +2.1% |
| Financial income | 75/76B | €309 | €0 | -€309 | -100% |
| Recurring financial income | 75 | €309 | €0 | -€309 | -100% |
| Financial charges | 65/66B | €47,759 | €20,270 | -€27,489 | -57.6% |
| Recurring financial charges | 65 | €47,759 | €20,270 | -€27,489 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €79,191 | €109,039 | +€29,849 | +37.7% |
| Income taxes | 67/77 | €19,512 | €24,368 | +€4,856 | +24.9% |
| Profit (loss) for the period | 9904 | €59,679 | €84,671 | +€24,992 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,679 | €84,671 | +€24,992 | +41.9% |
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 30 October 2026 via checked.be.