VAN EETVELDE LUC: 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.
What changed
VAN EETVELDE LUC
NACE 43.320, Joinery installation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€814
2024 · -€163-€651
Equity
€26,883
2024 · €27,697-€814
Cash
€952
2024 · €2,127-€1,176
Balance sheet total
€139,331
2024 · €155,298-€15,967
Largest movements
Assets
- Tangible fixed assets -€15,771
down €15,771 (-11.8%), from €134,182 to €118,411
Equity and liabilities
- Debts after one year -€17,639
down €17,639 (-25.6%), from €69,030 to €51,391
- Trade debts +€8,374
up €8,374 (+24.7%), from €33,965 to €42,339
- Other debts -€5,366
down €5,366 (-55.5%), from €9,662 to €4,296
Income statement
- Depreciation +€1,763
up €1,763 (+11.1%), from €15,928 to €17,690
- Taxes -€804
down €804, from €400 to -€404
- Financial charges -€586
down €586 (-16.1%), from €3,632 to €3,046
- Gross operating margin -€271
down €271 (-1.3%), from €20,434 to €20,163
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.
Result 2024
-€163
Gross operating margin
-€271
Depreciation
-€1,763
Other operating charges
-€8
Financial income
+€0
Financial charges
+€586
Taxes
+€804
Result 2025
-€814
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.
From operations
+€17,137
Investment
-€861
Financing
-€17,452
Cash 2024
€2,127
From operations (derived)
+€17,137
Net result for the year
-€814
Depreciation
+€17,690
Stocks and contracts
+€471
Receivables within one year
-€1,430
Deferred charges and accrued income
-€1,079
Provisions
-€264
Trade debts
+€8,374
Tax, wage and social debts
-€321
Other debts
-€5,366
Accrued charges and deferred income
-€124
Investment (derived)
-€861
Investment in fixed assets (net)
-€861
Financing
-€17,452
Debts after one year
-€17,639
Current portion of long-term debt
+€188
Cash 2025
€952
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,298 | €139,331 | -€15,967 | -10.3% |
| Fixed assets | 21/28 | €138,845 | €122,016 | -€16,829 | -12.1% |
| Intangible fixed assets | 21 | €4,663 | €3,605 | -€1,058 | -22.7% |
| Tangible fixed assets | 22/27 | €134,182 | €118,411 | -€15,771 | -11.8% |
| Land and buildings | 22 | €99,664 | €94,342 | -€5,322 | -5.3% |
| Plant, machinery and equipment | 23 | €18,489 | €13,770 | -€4,719 | -25.5% |
| Furniture and vehicles | 24 | €16,030 | €10,299 | -€5,730 | -35.7% |
| Current assets | 29/58 | €16,453 | €17,315 | +€862 | +5.2% |
| Stocks and contracts in progress | 3 | €2,222 | €1,750 | -€471 | -21.2% |
| Stocks | 30/36 | €2,222 | €1,750 | -€471 | -21.2% |
| Amounts receivable within one year | 40/41 | €10,904 | €12,334 | +€1,430 | +13.1% |
| Trade receivables | 40 | €8,400 | €10,716 | +€2,316 | +27.6% |
| Other amounts receivable | 41 | €2,504 | €1,618 | -€886 | -35.4% |
| Cash at bank and in hand | 54/58 | €2,127 | €952 | -€1,176 | -55.3% |
| Deferred charges and accrued income | 490/1 | €1,200 | €2,279 | +€1,079 | +89.9% |
| Total equity and liabilities | 10/49 | €155,298 | €139,331 | -€15,967 | -10.3% |
| Equity | 10/15 | €27,697 | €26,883 | -€814 | -2.9% |
| Contributions | 10/11 | €2,479 | €2,479 | = | 0.0% |
| Reserves | 13 | €25,218 | €24,405 | -€814 | -3.2% |
| Tax-exempt reserves | 132 | €2,116 | €1,058 | -€1,058 | -50.0% |
| Distributable reserves | 133 | €23,103 | €23,347 | +€244 | +1.1% |
| Provisions and deferred taxes | 16 | €529 | €264 | -€264 | -50.0% |
| Deferred taxes | 168 | €529 | €264 | -€264 | -50.0% |
| Amounts payable | 17/49 | €127,072 | €112,183 | -€14,889 | -11.7% |
| Amounts payable after more than one year | 17 | €69,030 | €51,391 | -€17,639 | -25.6% |
| Financial debts | 170/4 | €69,030 | €51,391 | -€17,639 | -25.6% |
| Amounts payable within one year | 42/48 | €56,695 | €59,570 | +€2,875 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €10,358 | €10,546 | +€188 | +1.8% |
| Trade debts | 44 | €33,965 | €42,339 | +€8,374 | +24.7% |
| Suppliers | 440/4 | €33,965 | €42,339 | +€8,374 | +24.7% |
| Taxes, remuneration and social security | 45 | €2,710 | €2,389 | -€321 | -11.8% |
| Taxes | 450/3 | €2,710 | €2,389 | -€321 | -11.8% |
| Other amounts payable | 47/48 | €9,662 | €4,296 | -€5,366 | -55.5% |
| Accrued charges and deferred income | 492/3 | €1,347 | €1,223 | -€124 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,928 | €17,690 | +€1,763 | +11.1% |
| Other operating charges | 640/8 | €902 | €910 | +€8 | +0.9% |
| Gross operating margin | 9900 | €20,434 | €20,163 | -€271 | -1.3% |
| Operating profit (loss) | 9901 | €3,605 | €1,563 | -€2,042 | -56.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1100.0% |
| Financial charges | 65/66B | €3,632 | €3,046 | -€586 | -16.1% |
| Recurring financial charges | 65 | €3,632 | €3,046 | -€586 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€27 | -€1,482 | -€1,455 | -5383.4% |
| Transfer from deferred taxes | 780 | €264 | €264 | = | 0.0% |
| Income taxes | 67/77 | €400 | -€404 | -€804 | |
| Profit (loss) for the period | 9904 | -€163 | -€814 | -€651 | -400.5% |
| Transfer from tax-exempt reserves | 789 | €1,058 | €1,058 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €895 | €244 | -€651 | -72.7% |
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 9 October 2026 via checked.be.