Van Eetvelde Maike: 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 Maike
Largest movements
- Current investments +€36,050
new in 2025: €36,050
- Tangible fixed assets -€22,344
down €22,344 (-6.8%), from €330,211 to €307,866
of which Land and buildings: -€19,638
- Cash -€9,933
down €9,933 (-67.5%), from €14,710 to €4,777
mainly Current investments (-€36,050) and Other debts (-€33,000)
- Stocks and contracts +€9,072
new in 2025: €9,072
- Receivables within one year +€6,091
up €6,091 (+5.4%), from €112,291 to €118,383
- Reserves +€59,964
up €59,964 (+49.4%), from €121,500 to €181,464
- Other debts -€33,000
down €33,000 (-100.0%), from €33,000 to €0
- Debts after one year -€12,634
down €12,634 (-4.9%), from €258,972 to €246,338
- Gross operating margin -€13,535
down €13,535 (-11.3%), from €119,310 to €105,775
- Taxes -€3,887
down €3,887 (-18.8%), from €20,638 to €16,751
- Financial charges +€3,148
up €3,148 (+49.4%), from €6,376 to €9,524
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 | €460,101 | €478,232 | +€18,131 | +3.9% |
| Fixed assets | 21/28 | €330,211 | €307,866 | -€22,344 | -6.8% |
| Tangible fixed assets | 22/27 | €330,211 | €307,866 | -€22,344 | -6.8% |
| Land and buildings | 22 | €326,077 | €306,440 | -€19,638 | -6.0% |
| Plant, machinery and equipment | 23 | €3,193 | €115 | -€3,077 | -96.4% |
| Furniture and vehicles | 24 | €941 | €1,311 | +€370 | +39.4% |
| Current assets | 29/58 | €129,890 | €170,366 | +€40,476 | +31.2% |
| Stocks and contracts in progress | 3 | - | €9,072 | +€9,072 | |
| Stocks | 30/36 | - | €9,072 | +€9,072 | |
| Amounts receivable within one year | 40/41 | €112,291 | €118,383 | +€6,091 | +5.4% |
| Other amounts receivable | 41 | €112,291 | €118,383 | +€6,091 | +5.4% |
| Current investments | 50/53 | - | €36,050 | +€36,050 | |
| Cash at bank and in hand | 54/58 | €14,710 | €4,777 | -€9,933 | -67.5% |
| Deferred charges and accrued income | 490/1 | €2,889 | €2,084 | -€804 | -27.8% |
| Total equity and liabilities | 10/49 | €460,101 | €478,232 | +€18,131 | +3.9% |
| Equity | 10/15 | €126,500 | €186,464 | +€59,964 | +47.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €121,500 | €181,464 | +€59,964 | +49.4% |
| Distributable reserves | 133 | €121,500 | €181,464 | +€59,964 | +49.4% |
| Amounts payable | 17/49 | €333,601 | €291,768 | -€41,832 | -12.5% |
| Amounts payable after more than one year | 17 | €258,972 | €246,338 | -€12,634 | -4.9% |
| Financial debts | 170/4 | €258,972 | €246,338 | -€12,634 | -4.9% |
| Amounts payable within one year | 42/48 | €74,042 | €44,720 | -€29,322 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €12,371 | €12,634 | +€263 | +2.1% |
| Trade debts | 44 | €4,995 | €6,167 | +€1,172 | +23.5% |
| Suppliers | 440/4 | €4,995 | €6,167 | +€1,172 | +23.5% |
| Taxes, remuneration and social security | 45 | €23,676 | €25,919 | +€2,243 | +9.5% |
| Taxes | 450/3 | €23,676 | €25,919 | +€2,243 | +9.5% |
| Other amounts payable | 47/48 | €33,000 | €0 | -€33,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €587 | €711 | +€124 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,736 | €23,570 | +€834 | +3.7% |
| Other operating charges | 640/8 | €2,272 | €2,351 | +€79 | +3.5% |
| Gross operating margin | 9900 | €119,310 | €105,775 | -€13,535 | -11.3% |
| Operating profit (loss) | 9901 | €94,302 | €79,854 | -€14,448 | -15.3% |
| Financial income | 75/76B | €7,079 | €6,384 | -€695 | -9.8% |
| Recurring financial income | 75 | €7,079 | €6,384 | -€695 | -9.8% |
| Financial charges | 65/66B | €6,376 | €9,524 | +€3,148 | +49.4% |
| Recurring financial charges | 65 | €6,376 | €9,524 | +€3,148 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | €95,006 | €76,715 | -€18,291 | -19.3% |
| Income taxes | 67/77 | €20,638 | €16,751 | -€3,887 | -18.8% |
| Profit (loss) for the period | 9904 | €74,368 | €59,964 | -€14,404 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,368 | €59,964 | -€14,404 | -19.4% |
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 12 October 2026 via checked.be.