Van Eester Cindy: 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 Eester Cindy
Largest movements
- Cash -€12,397
down €12,397 (-77.7%), from €15,956 to €3,560
mainly Net result for the year (-€15,250) and Debts after one year (-€3,363)
- Tangible fixed assets -€1,289
down €1,289 (-6.3%), from €20,412 to €19,122
of which Land and buildings: -€896
- Stocks and contracts -€416
down €416 (-8.4%), from €4,936 to €4,520
- Profit (loss) carried forward -€15,250
new in 2025: -€15,250
- Debts after one year -€3,363
down €3,363 (-40.1%), from €8,377 to €5,014
- Other debts +€2,708
up €2,708 (+84.2%), from €3,218 to €5,926
- Trade debts +€1,290
up €1,290 (+106%), from €1,223 to €2,513
- Current portion of long-term debt +€424
up €424 (+15.8%), from €2,688 to €3,112
- Gross operating margin -€19,583
down €19,583, from €6,571 to -€13,012
- Taxes -€2,691
no longer reported in 2025 (was €2,691)
- Other operating charges -€562
down €562 (-66.2%), from €848 to €287
- Financial charges -€523
down €523 (-44.1%), from €1,185 to €662
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 | €41,385 | €27,201 | -€14,183 | -34.3% |
| Fixed assets | 21/28 | €20,412 | €19,122 | -€1,289 | -6.3% |
| Tangible fixed assets | 22/27 | €20,412 | €19,122 | -€1,289 | -6.3% |
| Land and buildings | 22 | €17,227 | €16,331 | -€896 | -5.2% |
| Plant, machinery and equipment | 23 | €3,184 | €2,791 | -€393 | -12.3% |
| Current assets | 29/58 | €20,973 | €8,079 | -€12,894 | -61.5% |
| Stocks and contracts in progress | 3 | €4,936 | €4,520 | -€416 | -8.4% |
| Stocks | 30/36 | €4,936 | €4,520 | -€416 | -8.4% |
| Amounts receivable within one year | 40/41 | €82 | - | -€82 | |
| Trade receivables | 40 | €82 | - | -€82 | |
| Cash at bank and in hand | 54/58 | €15,956 | €3,560 | -€12,397 | -77.7% |
| Total equity and liabilities | 10/49 | €41,385 | €27,201 | -€14,183 | -34.3% |
| Equity | 10/15 | €21,417 | €6,167 | -€15,250 | -71.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €17,417 | €17,417 | = | 0.0% |
| Non-distributable reserves | 130/1 | €530 | - | -€530 | |
| Reserves not available under the articles | 1311 | €530 | - | -€530 | |
| Tax-exempt reserves | 132 | €920 | €920 | = | 0.0% |
| Distributable reserves | 133 | €15,968 | €16,497 | +€530 | +3.3% |
| Profit (loss) carried forward | 14 | - | -€15,250 | -€15,250 | |
| Amounts payable | 17/49 | €19,967 | €21,034 | +€1,067 | +5.3% |
| Amounts payable after more than one year | 17 | €8,377 | €5,014 | -€3,363 | -40.1% |
| Financial debts | 170/4 | €8,377 | €5,014 | -€3,363 | -40.1% |
| Amounts payable within one year | 42/48 | €11,590 | €16,020 | +€4,430 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €2,688 | €3,112 | +€424 | +15.8% |
| Trade debts | 44 | €1,223 | €2,513 | +€1,290 | +106% |
| Suppliers | 440/4 | €1,223 | €2,513 | +€1,290 | +106% |
| Taxes, remuneration and social security | 45 | €4,462 | €4,469 | +€7 | +0.2% |
| Taxes | 450/3 | €4,462 | €4,469 | +€7 | +0.2% |
| Other amounts payable | 47/48 | €3,218 | €5,926 | +€2,708 | +84.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,299 | €1,289 | -€9 | -0.7% |
| Other operating charges | 640/8 | €848 | €287 | -€562 | -66.2% |
| Gross operating margin | 9900 | €6,571 | -€13,012 | -€19,583 | |
| Operating profit (loss) | 9901 | €4,424 | -€14,588 | -€19,012 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,185 | €662 | -€523 | -44.1% |
| Recurring financial charges | 65 | €1,185 | €662 | -€523 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €3,239 | -€15,250 | -€18,489 | |
| Income taxes | 67/77 | €2,691 | - | -€2,691 | |
| Profit (loss) for the period | 9904 | €547 | -€15,250 | -€15,797 | |
| Profit (loss) for the period to be appropriated | 9905 | €547 | -€15,250 | -€15,797 |
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 20 October 2026 via checked.be.