VAN ESSCHE: 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 ESSCHE
Largest movements
- Stocks and contracts -€46,985
down €46,985 (-90.4%), from €51,985 to €5,000
- Tangible fixed assets +€4,585
up €4,585 (+31.4%), from €14,620 to €19,206
of which Other tangible fixed assets: +€6,912
- Receivables within one year +€2,281
up €2,281 (+37.2%), from €6,124 to €8,404
of which Trade receivables: +€1,922
- Profit (loss) carried forward -€36,527
down €36,527 (-92.3%), from -€39,570 to -€76,098
- Trade debts +€9,075
up €9,075 (+47.5%), from €19,103 to €28,178
- Short-term financial debts -€5,087
down €5,087 (-14.1%), from €36,020 to €30,933
- Current portion of long-term debt -€4,572
down €4,572 (-100.0%), from €4,572 to €0
- Other debts -€3,274
down €3,274 (-6.6%), from €49,304 to €46,031
- Write-downs +€46,985
new in 2025: €46,985
- Gross operating margin +€28,064
up €28,064, from -€8,643 to €19,421
- Financial charges -€1,021
down €1,021 (-27.2%), from €3,755 to €2,734
- Other operating charges +€1,019
up €1,019 (+58.7%), from €1,737 to €2,756
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,390 | €32,864 | -€40,526 | -55.2% |
| Fixed assets | 21/28 | €14,620 | €19,206 | +€4,585 | +31.4% |
| Tangible fixed assets | 22/27 | €14,620 | €19,206 | +€4,585 | +31.4% |
| Land and buildings | 22 | €7,061 | €5,720 | -€1,341 | -19.0% |
| Plant, machinery and equipment | 23 | €2,027 | €1,041 | -€986 | -48.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €5,533 | €12,445 | +€6,912 | +124.9% |
| Current assets | 29/58 | €58,770 | €13,658 | -€45,112 | -76.8% |
| Stocks and contracts in progress | 3 | €51,985 | €5,000 | -€46,985 | -90.4% |
| Stocks | 30/36 | €51,985 | €5,000 | -€46,985 | -90.4% |
| Amounts receivable within one year | 40/41 | €6,124 | €8,404 | +€2,281 | +37.2% |
| Trade receivables | 40 | €4,180 | €6,102 | +€1,922 | +46.0% |
| Other amounts receivable | 41 | €1,944 | €2,302 | +€359 | +18.4% |
| Deferred charges and accrued income | 490/1 | €662 | €254 | -€408 | -61.6% |
| Total equity and liabilities | 10/49 | €73,390 | €32,864 | -€40,526 | -55.2% |
| Equity | 10/15 | -€39,470 | -€75,998 | -€36,527 | -92.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€39,570 | -€76,098 | -€36,527 | -92.3% |
| Amounts payable | 17/49 | €112,861 | €108,862 | -€3,999 | -3.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €112,861 | €108,862 | -€3,999 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €4,572 | €0 | -€4,572 | -100.0% |
| Financial debts | 43 | €36,020 | €30,933 | -€5,087 | -14.1% |
| Credit institutions | 430/8 | €36,020 | €30,933 | -€5,087 | -14.1% |
| Trade debts | 44 | €19,103 | €28,178 | +€9,075 | +47.5% |
| Suppliers | 440/4 | €19,103 | €28,178 | +€9,075 | +47.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,862 | €3,720 | -€141 | -3.7% |
| Taxes | 450/3 | €3,862 | €3,720 | -€141 | -3.7% |
| Other amounts payable | 47/48 | €49,304 | €46,031 | -€3,274 | -6.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,529 | €3,415 | -€115 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €46,985 | +€46,985 | |
| Other operating charges | 640/8 | €1,737 | €2,756 | +€1,019 | +58.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€8,643 | €19,421 | +€28,064 | |
| Operating profit (loss) | 9901 | -€13,909 | -€33,734 | -€19,825 | -142.5% |
| Financial income | 75/76B | €80 | €0 | -€80 | -100.0% |
| Recurring financial income | 75 | €80 | €0 | -€80 | -100.0% |
| Financial charges | 65/66B | €3,755 | €2,734 | -€1,021 | -27.2% |
| Recurring financial charges | 65 | €3,755 | €2,734 | -€1,021 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,584 | -€36,468 | -€18,884 | -107.4% |
| Income taxes | 67/77 | €59 | €59 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€17,643 | -€36,527 | -€18,884 | -107.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,643 | -€36,527 | -€18,884 | -107.0% |
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 4 October 2026 via checked.be.