VAN ELEWIJCK: 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 ELEWIJCK
Largest movements
- Stocks and contracts -€16,253
down €16,253 (-47.4%), from €34,263 to €18,011
of which Contracts in progress: -€13,000
- Tangible fixed assets -€8,913
down €8,913 (-8.6%), from €103,692 to €94,779
of which Plant, machinery and equipment: -€8,913
- Receivables within one year -€6,198
down €6,198 (-21.4%), from €28,931 to €22,733
of which Trade receivables: -€5,469
- Cash +€6,115
up €6,115 (+10.5%), from €58,454 to €64,569
mainly Stocks and contracts (+€16,253) and Net result for the year (+€13,638)
- Deferred charges and accrued income +€4,200
up €4,200 (+391%), from €1,073 to €5,273
- Other debts -€17,814
down €17,814 (-11.4%), from €156,266 to €138,452
- Trade debts -€15,751
down €15,751 (-48.8%), from €32,300 to €16,549
- Profit (loss) carried forward +€13,638
up €13,638 (+19.1%), from -€71,376 to -€57,739
- Gross operating margin +€25,640
up €25,640 (+363%), from €7,065 to €32,705
- Financial income -€8,141
down €8,141 (-98.3%), from €8,284 to €143
of which Non-recurring financial income: -€8,249
- Depreciation +€1,413
up €1,413 (+16.4%), from €8,638 to €10,051
- Write-downs +€700
up €700, from €0 to €700
- Staff costs +€647
up €647 (+395%), from €164 to €810
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.
Derived cash bridge
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 | €226,551 | €205,504 | -€21,048 | -9.3% |
| Fixed assets | 21/28 | €103,831 | €94,918 | -€8,913 | -8.6% |
| Tangible fixed assets | 22/27 | €103,692 | €94,779 | -€8,913 | -8.6% |
| Land and buildings | 22 | €77,566 | €77,566 | = | 0.0% |
| Plant, machinery and equipment | 23 | €26,126 | €17,213 | -€8,913 | -34.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €139 | €139 | = | 0.0% |
| Current assets | 29/58 | €122,721 | €110,586 | -€12,135 | -9.9% |
| Stocks and contracts in progress | 3 | €34,263 | €18,011 | -€16,253 | -47.4% |
| Stocks | 30/36 | €16,263 | €13,011 | -€3,253 | -20.0% |
| Contracts in progress | 37 | €18,000 | €5,000 | -€13,000 | -72.2% |
| Amounts receivable within one year | 40/41 | €28,931 | €22,733 | -€6,198 | -21.4% |
| Trade receivables | 40 | €27,838 | €22,369 | -€5,469 | -19.6% |
| Other amounts receivable | 41 | €1,092 | €364 | -€729 | -66.7% |
| Cash at bank and in hand | 54/58 | €58,454 | €64,569 | +€6,115 | +10.5% |
| Deferred charges and accrued income | 490/1 | €1,073 | €5,273 | +€4,200 | +391% |
| Total equity and liabilities | 10/49 | €226,551 | €205,504 | -€21,048 | -9.3% |
| Equity | 10/15 | -€3,176 | €10,461 | +€13,638 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,376 | -€57,739 | +€13,638 | +19.1% |
| Amounts payable | 17/49 | €229,728 | €195,042 | -€34,686 | -15.1% |
| Amounts payable after more than one year | 17 | €37,395 | €37,395 | = | 0.0% |
| Financial debts | 170/4 | €37,395 | €37,395 | = | 0.0% |
| Amounts payable within one year | 42/48 | €192,333 | €157,585 | -€34,748 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €32,300 | €16,549 | -€15,751 | -48.8% |
| Suppliers | 440/4 | €32,300 | €16,549 | -€15,751 | -48.8% |
| Taxes, remuneration and social security | 45 | €3,768 | €2,585 | -€1,183 | -31.4% |
| Taxes | 450/3 | €3,768 | €2,585 | -€1,183 | -31.4% |
| Other amounts payable | 47/48 | €156,266 | €138,452 | -€17,814 | -11.4% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Remuneration, social security and pensions | 62 | €164 | €810 | +€647 | +395% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,638 | €10,051 | +€1,413 | +16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €700 | +€700 | |
| Other operating charges | 640/8 | €4,859 | €4,886 | +€28 | +0.6% |
| Non-recurring operating charges | 66A | - | €2,401 | +€2,401 | |
| Gross operating margin | 9900 | €7,065 | €32,705 | +€25,640 | +363% |
| Operating profit (loss) | 9901 | -€6,596 | €13,856 | +€20,452 | |
| Financial income | 75/76B | €8,284 | €143 | -€8,141 | -98.3% |
| Recurring financial income | 75 | €34 | €143 | +€109 | +317% |
| Non-recurring financial income | 76B | €8,249 | €0 | -€8,249 | -100% |
| Financial charges | 65/66B | €153 | €225 | +€72 | +47.0% |
| Recurring financial charges | 65 | €153 | €225 | +€72 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €1,535 | €13,774 | +€12,239 | +797% |
| Income taxes | 67/77 | €158 | €136 | -€22 | -13.7% |
| Profit (loss) for the period | 9904 | €1,377 | €13,638 | +€12,261 | +891% |
| Profit (loss) for the period to be appropriated | 9905 | €1,377 | €13,638 | +€12,261 | +891% |
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 17 October 2026 via checked.be.