van EETVELDE & ASSOCIATES: 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 EETVELDE & ASSOCIATES
Largest movements
- Cash +€124,187
up €124,187 (+143.2%), from €86,731 to €210,917
mainly Receivables within one year (+€80,477) and Net result for the year (+€64,728)
- Receivables within one year -€80,477
down €80,477 (-54.2%), from €148,441 to €67,964
of which Trade receivables: -€68,280
- Tangible fixed assets +€3,459
up €3,459 (+56.7%), from €6,101 to €9,561
of which Furniture and vehicles: +€3,668
- Reserves +€39,000
up €39,000 (+73.9%), from €52,769 to €91,769
- Other debts +€5,517
new in 2025: €5,517
- Other operating charges +€7,199
up €7,199 (+447.1%), from €1,610 to €8,810
- Gross operating margin -€2,474
down €2,474 (-2.5%), from €99,243 to €96,769
- Taxes +€2,139
up €2,139 (+9.9%), from €21,617 to €23,756
- Financial income +€1,115
up €1,115 (+183.0%), from €609 to €1,724
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 | €248,866 | €294,448 | +€45,582 | +18.3% |
| Fixed assets | 21/28 | €8,939 | €12,398 | +€3,459 | +38.7% |
| Tangible fixed assets | 22/27 | €6,101 | €9,561 | +€3,459 | +56.7% |
| Land and buildings | 22 | €6,101 | €5,893 | -€208 | -3.4% |
| Furniture and vehicles | 24 | - | €3,668 | +€3,668 | |
| Financial fixed assets | 28 | €2,837 | €2,837 | = | 0.0% |
| Current assets | 29/58 | €239,927 | €282,050 | +€42,123 | +17.6% |
| Amounts receivable within one year | 40/41 | €148,441 | €67,964 | -€80,477 | -54.2% |
| Trade receivables | 40 | €96,313 | €28,033 | -€68,280 | -70.9% |
| Other amounts receivable | 41 | €52,128 | €39,931 | -€12,197 | -23.4% |
| Cash at bank and in hand | 54/58 | €86,731 | €210,917 | +€124,187 | +143.2% |
| Deferred charges and accrued income | 490/1 | €4,755 | €3,168 | -€1,587 | -33.4% |
| Total equity and liabilities | 10/49 | €248,866 | €294,448 | +€45,582 | +18.3% |
| Equity | 10/15 | €194,122 | €233,137 | +€39,014 | +20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,769 | €91,769 | +€39,000 | +73.9% |
| Distributable reserves | 133 | €52,769 | €91,769 | +€39,000 | +73.9% |
| Profit (loss) carried forward | 14 | €135,153 | €135,168 | +€14 | 0.0% |
| Amounts payable | 17/49 | €54,743 | €61,311 | +€6,568 | +12.0% |
| Amounts payable within one year | 42/48 | €54,743 | €61,311 | +€6,568 | +12.0% |
| Trade debts | 44 | €342 | - | -€342 | |
| Suppliers | 440/4 | €342 | - | -€342 | |
| Taxes, remuneration and social security | 45 | €54,402 | €55,794 | +€1,392 | +2.6% |
| Taxes | 450/3 | €54,402 | €55,794 | +€1,392 | +2.6% |
| Other amounts payable | 47/48 | - | €5,517 | +€5,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208 | €1,041 | +€832 | +399.3% |
| Other operating charges | 640/8 | €1,610 | €8,810 | +€7,199 | +447.1% |
| Gross operating margin | 9900 | €99,243 | €96,769 | -€2,474 | -2.5% |
| Operating profit (loss) | 9901 | €97,424 | €86,919 | -€10,506 | -10.8% |
| Financial income | 75/76B | €609 | €1,724 | +€1,115 | +183.0% |
| Recurring financial income | 75 | €609 | €1,724 | +€1,115 | +183.0% |
| Financial charges | 65/66B | €80 | €158 | +€78 | +97.4% |
| Recurring financial charges | 65 | €80 | €158 | +€78 | +97.4% |
| Profit (loss) for the period before taxes | 9903 | €97,953 | €88,484 | -€9,469 | -9.7% |
| Income taxes | 67/77 | €21,617 | €23,756 | +€2,139 | +9.9% |
| Profit (loss) for the period | 9904 | €76,337 | €64,728 | -€11,608 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,337 | €64,728 | -€11,608 | -15.2% |
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 10 October 2026 via checked.be.