Van Eenooghe Construct: 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 Eenooghe Construct
Largest movements
- Stocks and contracts +€110,573
up €110,573 (+38.0%), from €291,293 to €401,866
- Cash -€63,031
down €63,031 (-80.2%), from €78,580 to €15,549
mainly Stocks and contracts (-€110,573) and Net result for the year (-€12,824)
- Other debts +€58,526
up €58,526 (+83.6%), from €70,000 to €128,526
- Profit (loss) carried forward -€12,824
down €12,824 (-48.4%), from €26,468 to €13,644
- Financial charges +€9,463
up €9,463 (+145%), from €6,520 to €15,984
- Gross operating margin +€3,864
up €3,864, from -€235 to €3,630
- Financial income -€1,172
down €1,172 (-89.3%), from €1,312 to €140
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 | €370,660 | €418,594 | +€47,933 | +12.9% |
| Current assets | 29/58 | €370,660 | €418,594 | +€47,933 | +12.9% |
| Stocks and contracts in progress | 3 | €291,293 | €401,866 | +€110,573 | +38.0% |
| Stocks | 30/36 | €291,293 | €401,866 | +€110,573 | +38.0% |
| Amounts receivable within one year | 40/41 | €641 | €1,179 | +€538 | +83.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €641 | €1,179 | +€538 | +83.9% |
| Cash at bank and in hand | 54/58 | €78,580 | €15,549 | -€63,031 | -80.2% |
| Deferred charges and accrued income | 490/1 | €147 | €0 | -€147 | -100% |
| Total equity and liabilities | 10/49 | €370,660 | €418,594 | +€47,933 | +12.9% |
| Equity | 10/15 | €46,468 | €33,644 | -€12,824 | -27.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,468 | €13,644 | -€12,824 | -48.4% |
| Amounts payable | 17/49 | €324,192 | €384,949 | +€60,757 | +18.7% |
| Amounts payable within one year | 42/48 | €321,938 | €380,561 | +€58,623 | +18.2% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €54 | €154 | +€100 | +183% |
| Suppliers | 440/4 | €54 | €154 | +€100 | +183% |
| Taxes, remuneration and social security | 45 | €1,883 | €1,881 | -€3 | -0.1% |
| Taxes | 450/3 | €1,883 | €1,881 | -€3 | -0.1% |
| Other amounts payable | 47/48 | €70,000 | €128,526 | +€58,526 | +83.6% |
| Accrued charges and deferred income | 492/3 | €2,255 | €4,388 | +€2,133 | +94.6% |
| Other operating charges | 640/8 | €615 | €610 | -€5 | -0.8% |
| Gross operating margin | 9900 | -€235 | €3,630 | +€3,864 | |
| Operating profit (loss) | 9901 | -€849 | €3,020 | +€3,869 | |
| Financial income | 75/76B | €1,312 | €140 | -€1,172 | -89.3% |
| Recurring financial income | 75 | €1,312 | €140 | -€1,172 | -89.3% |
| Financial charges | 65/66B | €6,520 | €15,984 | +€9,463 | +145% |
| Recurring financial charges | 65 | €6,520 | €15,984 | +€9,463 | +145% |
| Profit (loss) for the period before taxes | 9903 | -€6,057 | -€12,824 | -€6,766 | -112% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,057 | -€12,824 | -€6,766 | -112% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,057 | -€12,824 | -€6,766 | -112% |
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 16 October 2026 via checked.be.