VAN EETVELDE: 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.
What changed
VAN EETVELDE
NACE 47.252, Retail sale of beverages, general range
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€222,206
2025 · €218,265+€3,941
Equity
€1.2m
2025 · €1.0m+€222,206
Cash
€333,344
2025 · €139,670+€193,674
Balance sheet total
€6.5m
2025 · €7.0m-€429,566
Largest movements
Assets
- Stocks and contracts -€364,888
down €364,888 (-15.1%), from €2.4m to €2.1m
- Financial fixed assets -€313,425
down €313,425 (-94.7%), from €330,978 to €17,553
- Cash +€193,674
up €193,674 (+138.7%), from €139,670 to €333,344
mainly Depreciation (+€412,026) and Stocks and contracts (+€364,888)
- Receivables within one year +€168,559
up €168,559 (+12.3%), from €1.4m to €1.5m
of which Other amounts receivable: +€353,503
Equity and liabilities
- Trade debts -€420,265
down €420,265 (-19.1%), from €2.2m to €1.8m
- Tax, wage and social debts +€321,566
up €321,566 (+127.6%), from €252,077 to €573,643
of which Remuneration and social security: +€195,583
- Other debts -€250,906
down €250,906 (-27.8%), from €901,075 to €650,169
- Reserves +€222,206
up €222,206 (+22.0%), from €1.0m to €1.2m
of which Distributable reserves: +€222,206
- Short-term financial debts -€211,387
down €211,387 (-31.7%), from €667,735 to €456,349
Income statement
- Turnover +€1.9m
up €1.9m (+9.2%), from €20.9m to €22.8m
- Goods and materials +€1.4m
up €1.4m (+9.0%), from €15.5m to €16.9m
of which Change in stocks: decrease (increase): +€748,211
From the 2025 result to the 2026 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.
Result 2025
€218,265
Turnover
+€1.9m
Other operating income
-€92,108
Goods and materials
-€1.4m
Services and other goods
-€188,474
Staff costs
-€196,571
Depreciation
-€35,468
Write-downs
+€26,852
Other operating charges
+€6,650
Other operating items
-€39,579
Financial income
-€15,561
Financial charges
+€27,664
Taxes
-€6,469
Result 2026
€222,206
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€544,439
Investment
-€30,899
Financing
-€319,866
Cash 2025
€139,670
From operations (derived)
+€544,439
Net result for the year
+€222,206
Depreciation
+€412,026
Stocks and contracts
+€364,888
Receivables within one year
-€168,559
Deferred charges and accrued income
+€45,784
Trade debts
-€420,265
Tax, wage and social debts
+€321,566
Other debts
-€250,906
Accrued charges and deferred income
+€17,699
Investment (derived)
-€30,899
Investment in fixed assets (net)
-€6,411
Current investments
-€24,488
Financing
-€319,866
Debts after one year
-€103,228
Current portion of long-term debt
-€5,251
Short-term financial debts
-€211,387
Cash 2026
€333,344
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,969,355 | €6,539,789 | -€429,566 | -6.2% |
| Fixed assets | 21/28 | €2,836,164 | €2,430,549 | -€405,615 | -14.3% |
| Intangible fixed assets | 21 | €105,462 | €46,944 | -€58,518 | -55.5% |
| Tangible fixed assets | 22/27 | €2,399,724 | €2,366,051 | -€33,673 | -1.4% |
| Land and buildings | 22 | €1,578,120 | €1,567,798 | -€10,323 | -0.7% |
| Plant, machinery and equipment | 23 | €337,299 | €369,255 | +€31,955 | +9.5% |
| Furniture and vehicles | 24 | €271,528 | €275,565 | +€4,037 | +1.5% |
| Leasing and similar rights | 25 | €196,409 | €131,509 | -€64,900 | -33.0% |
| Other tangible fixed assets | 26 | €16,368 | €21,925 | +€5,557 | +34.0% |
| Financial fixed assets | 28 | €330,978 | €17,553 | -€313,425 | -94.7% |
| Other financial fixed assets | 284/8 | €330,978 | €17,553 | -€313,425 | -94.7% |
| Shares | 284 | €327,178 | €2,500 | -€324,678 | -99.2% |
| Amounts receivable and cash guarantees | 285/8 | €3,800 | €15,053 | +€11,253 | +296.1% |
| Current assets | 29/58 | €4,133,191 | €4,109,241 | -€23,951 | -0.6% |
| Stocks and contracts in progress | 3 | €2,421,631 | €2,056,743 | -€364,888 | -15.1% |
| Stocks | 30/36 | €2,421,631 | €2,056,743 | -€364,888 | -15.1% |
| Goods purchased for resale | 34 | €2,421,631 | €2,056,743 | -€364,888 | -15.1% |
| Amounts receivable within one year | 40/41 | €1,372,981 | €1,541,540 | +€168,559 | +12.3% |
| Trade receivables | 40 | €971,870 | €786,927 | -€184,944 | -19.0% |
| Other amounts receivable | 41 | €401,110 | €754,613 | +€353,503 | +88.1% |
| Current investments | 50/53 | €68,321 | €92,809 | +€24,488 | +35.8% |
| Other investments | 51/53 | €68,321 | €92,809 | +€24,488 | +35.8% |
| Cash at bank and in hand | 54/58 | €139,670 | €333,344 | +€193,674 | +138.7% |
| Deferred charges and accrued income | 490/1 | €130,589 | €84,805 | -€45,784 | -35.1% |
| Total equity and liabilities | 10/49 | €6,969,355 | €6,539,789 | -€429,566 | -6.2% |
| Equity | 10/15 | €1,016,464 | €1,238,670 | +€222,206 | +21.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,010,264 | €1,232,470 | +€222,206 | +22.0% |
| Non-distributable reserves | 130/1 | €4,051 | €4,051 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,051 | €4,051 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,385 | €12,385 | = | 0.0% |
| Distributable reserves | 133 | €993,828 | €1,216,034 | +€222,206 | +22.4% |
| Amounts payable | 17/49 | €5,952,891 | €5,301,119 | -€651,772 | -10.9% |
| Amounts payable after more than one year | 17 | €1,137,906 | €1,034,679 | -€103,228 | -9.1% |
| Financial debts | 170/4 | €1,134,201 | €1,030,974 | -€103,228 | -9.1% |
| Leasing and similar obligations | 172 | €141,862 | €75,444 | -€66,418 | -46.8% |
| Credit institutions | 173 | €992,339 | €955,530 | -€36,810 | -3.7% |
| Other amounts payable | 178/9 | €3,705 | €3,705 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,524,205 | €3,957,962 | -€566,244 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €506,213 | €500,961 | -€5,251 | -1.0% |
| Financial debts | 43 | €667,735 | €456,349 | -€211,387 | -31.7% |
| Credit institutions | 430/8 | €667,735 | €456,349 | -€211,387 | -31.7% |
| Trade debts | 44 | €2,197,104 | €1,776,840 | -€420,265 | -19.1% |
| Suppliers | 440/4 | €2,197,104 | €1,776,840 | -€420,265 | -19.1% |
| Taxes, remuneration and social security | 45 | €252,077 | €573,643 | +€321,566 | +127.6% |
| Taxes | 450/3 | €35,717 | €161,699 | +€125,982 | +352.7% |
| Remuneration and social security | 454/9 | €216,360 | €411,943 | +€195,583 | +90.4% |
| Other amounts payable | 47/48 | €901,075 | €650,169 | -€250,906 | -27.8% |
| Accrued charges and deferred income | 492/3 | €290,780 | €308,479 | +€17,699 | +6.1% |
| Operating income | 70/76A | €21,338,786 | €23,142,050 | +€1.8m | +8.5% |
| Turnover | 70 | €20,889,880 | €22,805,253 | +€1.9m | +9.2% |
| Other operating income | 74 | €428,905 | €336,798 | -€92,108 | -21.5% |
| Non-recurring operating income | 76A | €20,000 | €0 | -€20,000 | -100.0% |
| Operating charges | 60/66A | €20,904,219 | €22,709,176 | +€1.8m | +8.6% |
| Goods for resale, raw materials and consumables | 60 | €15,505,098 | €16,903,466 | +€1.4m | +9.0% |
| Purchases | 600/8 | €15,888,421 | €16,538,578 | +€650,157 | +4.1% |
| Change in stocks: decrease (increase) | 609 | -€383,323 | €364,888 | +€748,211 | |
| Services and other goods | 61 | €2,361,658 | €2,550,132 | +€188,474 | +8.0% |
| Remuneration, social security and pensions | 62 | €2,553,019 | €2,749,590 | +€196,571 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376,558 | €412,026 | +€35,468 | +9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,762 | €7,910 | -€26,852 | -77.2% |
| Other operating charges | 640/8 | €73,124 | €66,474 | -€6,650 | -9.1% |
| Non-recurring operating charges | 66A | - | €19,579 | +€19,579 | |
| Operating profit (loss) | 9901 | €434,567 | €432,874 | -€1,693 | -0.4% |
| Financial income | 75/76B | €16,339 | €778 | -€15,561 | -95.2% |
| Recurring financial income | 75 | €16,339 | €778 | -€15,561 | -95.2% |
| Income from current assets | 751 | €11,504 | €778 | -€10,726 | -93.2% |
| Other financial income | 752/9 | €4,835 | €0 | -€4,835 | -100.0% |
| Financial charges | 65/66B | €148,271 | €120,607 | -€27,664 | -18.7% |
| Recurring financial charges | 65 | €148,271 | €120,607 | -€27,664 | -18.7% |
| Debt charges | 650 | €121,918 | €104,275 | -€17,642 | -14.5% |
| Other financial charges | 652/9 | €26,354 | €16,332 | -€10,022 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €302,635 | €313,045 | +€10,410 | +3.4% |
| Income taxes | 67/77 | €84,370 | €90,839 | +€6,469 | +7.7% |
| Taxes | 670/3 | €84,370 | €91,167 | +€6,797 | +8.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €328 | +€328 | |
| Profit (loss) for the period | 9904 | €218,265 | €222,206 | +€3,941 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €218,265 | €222,206 | +€3,941 | +1.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.