VAN ELEWYCK & CO: 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 ELEWYCK & CO
NACE 46.160, Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€91,307
2024 · -€135,147+€43,839
Equity
€619,201
2024 · €710,509-€91,307
Cash
€14,228
2024 · €19,755-€5,527
Balance sheet total
€642,032
2024 · €878,371-€236,340
Largest movements
Assets
- Tangible fixed assets -€225,828
down €225,828 (-41.4%), from €546,127 to €320,299
of which Land and buildings: -€171,952
Equity and liabilities
- Debts after one year -€93,615
no longer reported in 2025 (was €93,615)
- Profit (loss) carried forward -€91,307
down €91,307 (-22.4%), from €406,960 to €315,652
- Other debts -€35,342
no longer reported in 2025 (was €35,342)
- Current portion of long-term debt -€9,717
no longer reported in 2025 (was €9,717)
Income statement
- Gross operating margin +€92,266
up €92,266, from -€29,378 to €62,888
- Taxes +€50,663
up €50,663 (+306%), from €16,574 to €67,237
- Other operating charges -€27,877
down €27,877 (-69.1%), from €40,332 to €12,455
- Depreciation -€15,205
down €15,205 (-18.3%), from €83,053 to €67,848
- Staff costs -€6,013
no longer reported in 2025 (was €6,013)
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
-€135,147
Gross operating margin
+€92,266
Staff costs
+€6,013
Depreciation
+€15,205
Other operating charges
+€27,877
Other operating items
+€2,048
Financial income
-€7
Financial charges
-€4,896
Taxes
-€50,663
Deferred taxes and other
-€44,003
Result 2025
-€91,307
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€60,175
Investment
+€157,980
Financing
-€103,333
Cash 2024
€19,755
From operations (derived)
-€60,175
Net result for the year
-€91,307
Depreciation
+€67,848
Receivables within one year
+€4,984
Trade debts
+€186
Tax, wage and social debts
-€6,543
Other debts
-€35,342
Investment (derived)
+€157,980
Investment in fixed assets (net)
+€157,980
Financing
-€103,333
Debts after one year
-€93,615
Current portion of long-term debt
-€9,717
Cash 2025
€14,228
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €878,371 | €642,032 | -€236,340 | -26.9% |
| Fixed assets | 21/28 | €546,832 | €321,004 | -€225,828 | -41.3% |
| Tangible fixed assets | 22/27 | €546,127 | €320,299 | -€225,828 | -41.4% |
| Land and buildings | 22 | €360,292 | €188,340 | -€171,952 | -47.7% |
| Plant, machinery and equipment | 23 | €77,345 | €67,217 | -€10,128 | -13.1% |
| Furniture and vehicles | 24 | €108,490 | €64,742 | -€43,748 | -40.3% |
| Financial fixed assets | 28 | €705 | €705 | = | 0.0% |
| Current assets | 29/58 | €331,539 | €321,028 | -€10,511 | -3.2% |
| Stocks and contracts in progress | 3 | €43,000 | €43,000 | = | 0.0% |
| Stocks | 30/36 | €43,000 | €43,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €268,784 | €263,800 | -€4,984 | -1.9% |
| Trade receivables | 40 | €155,717 | €158,218 | +€2,501 | +1.6% |
| Other amounts receivable | 41 | €113,067 | €105,582 | -€7,485 | -6.6% |
| Cash at bank and in hand | 54/58 | €19,755 | €14,228 | -€5,527 | -28.0% |
| Total equity and liabilities | 10/49 | €878,371 | €642,032 | -€236,340 | -26.9% |
| Equity | 10/15 | €710,509 | €619,201 | -€91,307 | -12.9% |
| Contributions | 10/11 | €275,954 | €275,954 | = | 0.0% |
| Capital | 10 | €275,954 | €275,954 | = | 0.0% |
| Issued capital | 100 | €275,954 | €275,954 | = | 0.0% |
| Reserves | 13 | €27,595 | €27,595 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,595 | €27,595 | = | 0.0% |
| Legal reserve | 130 | €27,595 | €27,595 | = | 0.0% |
| Profit (loss) carried forward | 14 | €406,960 | €315,652 | -€91,307 | -22.4% |
| Amounts payable | 17/49 | €167,862 | €22,830 | -€145,032 | -86.4% |
| Amounts payable after more than one year | 17 | €93,615 | - | -€93,615 | |
| Financial debts | 170/4 | €93,615 | - | -€93,615 | |
| Amounts payable within one year | 42/48 | €74,247 | €22,830 | -€51,417 | -69.3% |
| Current portion of amounts payable after more than one year | 42 | €9,717 | - | -€9,717 | |
| Trade debts | 44 | €1,312 | €1,497 | +€186 | +14.1% |
| Suppliers | 440/4 | €1,312 | €1,497 | +€186 | +14.1% |
| Taxes, remuneration and social security | 45 | €27,876 | €21,333 | -€6,543 | -23.5% |
| Taxes | 450/3 | €27,876 | €19,935 | -€7,940 | -28.5% |
| Remuneration and social security | 454/9 | - | €1,397 | +€1,397 | |
| Other amounts payable | 47/48 | €35,342 | - | -€35,342 | |
| Remuneration, social security and pensions | 62 | €6,013 | - | -€6,013 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,053 | €67,848 | -€15,205 | -18.3% |
| Other operating charges | 640/8 | €40,332 | €12,455 | -€27,877 | -69.1% |
| Non-recurring operating charges | 66A | €2,101 | €53 | -€2,048 | -97.5% |
| Gross operating margin | 9900 | -€29,378 | €62,888 | +€92,266 | |
| Operating profit (loss) | 9901 | -€160,877 | -€17,468 | +€143,409 | +89.1% |
| Financial income | 75/76B | €7 | €0 | -€7 | -98.5% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -98.5% |
| Financial charges | 65/66B | €1,706 | €6,602 | +€4,896 | +287% |
| Recurring financial charges | 65 | €1,706 | €6,602 | +€4,896 | +287% |
| Profit (loss) for the period before taxes | 9903 | -€162,576 | -€24,070 | +€138,506 | +85.2% |
| Transfer from deferred taxes | 780 | €44,003 | €0 | -€44,003 | -100% |
| Income taxes | 67/77 | €16,574 | €67,237 | +€50,663 | +306% |
| Profit (loss) for the period | 9904 | -€135,147 | -€91,307 | +€43,839 | +32.4% |
| Transfer from tax-exempt reserves | 789 | €132,009 | - | -€132,009 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,138 | -€91,307 | -€88,170 | -2,810% |
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 28 October 2026 via checked.be.