Van Eetvelde Bert: 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.
Van Eetvelde Bert
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€141,165
up €141,165 (+84.7%), from €166,663 to €307,829
mainly Current investments (+€200,000) and Net result for the year (+€44,954)
- Stocks and contracts +€47,557
up €47,557 (+42.3%), from €112,547 to €160,104
- Tangible fixed assets -€16,078
down €16,078 (-21.9%), from €73,352 to €57,273
of which Plant, machinery and equipment: -€9,575
- Reserves -€53,059
down €53,059 (-26.1%), from €203,489 to €150,431
- Other debts +€32,727
up €32,727 (+51.9%), from €63,004 to €95,731
- Tax, wage and social debts -€10,749
down €10,749 (-56.1%), from €19,159 to €8,409
- Gross operating margin -€28,606
down €28,606 (-23.4%), from €122,492 to €93,887
- Taxes -€7,237
down €7,237 (-27.3%), from €26,486 to €19,249
- Depreciation +€2,805
up €2,805 (+16.3%), from €17,225 to €20,030
- Financial income +€2,676
up €2,676 (+89.1%), from €3,003 to €5,679
- Financial charges -€1,344
down €1,344 (-11.9%), from €11,332 to €9,988
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 | €593,230 | €563,099 | -€30,131 | -5.1% |
| Fixed assets | 21/28 | €73,352 | €57,273 | -€16,078 | -21.9% |
| Tangible fixed assets | 22/27 | €73,352 | €57,273 | -€16,078 | -21.9% |
| Land and buildings | 22 | €3,468 | €2,310 | -€1,158 | -33.4% |
| Plant, machinery and equipment | 23 | €48,724 | €39,149 | -€9,575 | -19.7% |
| Furniture and vehicles | 24 | €2,005 | €1,318 | -€687 | -34.2% |
| Other tangible fixed assets | 26 | €19,155 | €14,496 | -€4,659 | -24.3% |
| Current assets | 29/58 | €519,879 | €505,826 | -€14,053 | -2.7% |
| Stocks and contracts in progress | 3 | €112,547 | €160,104 | +€47,557 | +42.3% |
| Stocks | 30/36 | €112,547 | €160,104 | +€47,557 | +42.3% |
| Amounts receivable within one year | 40/41 | €35,362 | €31,207 | -€4,154 | -11.7% |
| Trade receivables | 40 | €18,820 | €14,170 | -€4,651 | -24.7% |
| Other amounts receivable | 41 | €16,541 | €17,038 | +€497 | +3.0% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €166,663 | €307,829 | +€141,165 | +84.7% |
| Deferred charges and accrued income | 490/1 | €5,307 | €6,686 | +€1,379 | +26.0% |
| Total equity and liabilities | 10/49 | €593,230 | €563,099 | -€30,131 | -5.1% |
| Equity | 10/15 | €343,489 | €290,431 | -€53,059 | -15.4% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €203,489 | €150,431 | -€53,059 | -26.1% |
| Distributable reserves | 133 | €203,489 | €150,431 | -€53,059 | -26.1% |
| Amounts payable | 17/49 | €249,741 | €272,669 | +€22,927 | +9.2% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Other amounts payable | 178/9 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €109,741 | €132,669 | +€22,927 | +20.9% |
| Trade debts | 44 | €27,578 | €28,528 | +€950 | +3.4% |
| Suppliers | 440/4 | €27,578 | €28,528 | +€950 | +3.4% |
| Taxes, remuneration and social security | 45 | €19,159 | €8,409 | -€10,749 | -56.1% |
| Taxes | 450/3 | €19,159 | €8,409 | -€10,749 | -56.1% |
| Other amounts payable | 47/48 | €63,004 | €95,731 | +€32,727 | +51.9% |
| Remuneration, social security and pensions | 62 | €341 | €170 | -€171 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,225 | €20,030 | +€2,805 | +16.3% |
| Other operating charges | 640/8 | €4,246 | €4,829 | +€582 | +13.7% |
| Non-recurring operating charges | 66A | €707 | €347 | -€361 | -51.0% |
| Gross operating margin | 9900 | €122,492 | €93,887 | -€28,606 | -23.4% |
| Operating profit (loss) | 9901 | €99,973 | €68,512 | -€31,461 | -31.5% |
| Financial income | 75/76B | €3,003 | €5,679 | +€2,676 | +89.1% |
| Recurring financial income | 75 | €3,003 | €5,679 | +€2,676 | +89.1% |
| Financial charges | 65/66B | €11,332 | €9,988 | -€1,344 | -11.9% |
| Recurring financial charges | 65 | €11,332 | €9,988 | -€1,344 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €91,645 | €64,203 | -€27,442 | -29.9% |
| Income taxes | 67/77 | €26,486 | €19,249 | -€7,237 | -27.3% |
| Profit (loss) for the period | 9904 | €65,159 | €44,954 | -€20,205 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,159 | €44,954 | -€20,205 | -31.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.