VAN NOOTEN EDDY: 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 NOOTEN EDDY
Largest movements
- Tangible fixed assets +€85,279
up €85,279 (+2,037%), from €4,186 to €89,465
of which Leasing and similar rights: +€86,291
- Receivables within one year -€15,005
down €15,005 (-7.0%), from €215,243 to €200,238
of which Other amounts receivable: -€23,562
- Reserves -€63,500
down €63,500 (-8.5%), from €745,848 to €682,348
- Debts after one year +€58,322
new in 2025: €58,322
- Other debts +€48,174
up €48,174 (+362%), from €13,305 to €61,479
- Current portion of long-term debt +€17,219
new in 2025: €17,219
- Trade debts +€10,567
up €10,567 (+140%), from €7,569 to €18,137
- Financial income +€24,527
up €24,527 (+44.3%), from €55,380 to €79,907
- Depreciation +€17,396
up €17,396 (+1,990%), from €874 to €18,270
- Gross operating margin -€13,522
down €13,522 (-35.6%), from €38,027 to €24,506
- Taxes -€7,264
down €7,264 (-48.2%), from €15,056 to €7,792
- Other operating charges +€4,494
up €4,494 (+470%), from €957 to €5,451
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 | €798,921 | €867,955 | +€69,035 | +8.6% |
| Fixed assets | 21/28 | €490,400 | €575,678 | +€85,279 | +17.4% |
| Tangible fixed assets | 22/27 | €4,186 | €89,465 | +€85,279 | +2,037% |
| Furniture and vehicles | 24 | €4,186 | €3,174 | -€1,012 | -24.2% |
| Leasing and similar rights | 25 | - | €86,291 | +€86,291 | |
| Financial fixed assets | 28 | €486,213 | €486,213 | = | 0.0% |
| Current assets | 29/58 | €308,521 | €292,277 | -€16,244 | -5.3% |
| Amounts receivable within one year | 40/41 | €215,243 | €200,238 | -€15,005 | -7.0% |
| Trade receivables | 40 | €4,566 | €13,122 | +€8,556 | +187% |
| Other amounts receivable | 41 | €210,677 | €187,115 | -€23,562 | -11.2% |
| Cash at bank and in hand | 54/58 | €93,239 | €91,487 | -€1,752 | -1.9% |
| Deferred charges and accrued income | 490/1 | €39 | €552 | +€513 | +1,327% |
| Total equity and liabilities | 10/49 | €798,921 | €867,955 | +€69,035 | +8.6% |
| Equity | 10/15 | €764,448 | €700,948 | -€63,500 | -8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €745,848 | €682,348 | -€63,500 | -8.5% |
| Distributable reserves | 133 | €745,848 | €682,348 | -€63,500 | -8.5% |
| Amounts payable | 17/49 | €34,473 | €167,007 | +€132,534 | +384% |
| Amounts payable after more than one year | 17 | - | €58,322 | +€58,322 | |
| Financial debts | 170/4 | - | €58,322 | +€58,322 | |
| Amounts payable within one year | 42/48 | €34,473 | €108,685 | +€74,212 | +215% |
| Current portion of amounts payable after more than one year | 42 | - | €17,219 | +€17,219 | |
| Financial debts | 43 | €1,705 | - | -€1,705 | |
| Credit institutions | 430/8 | €1,705 | - | -€1,705 | |
| Trade debts | 44 | €7,569 | €18,137 | +€10,567 | +140% |
| Suppliers | 440/4 | €7,569 | €18,137 | +€10,567 | +140% |
| Taxes, remuneration and social security | 45 | €11,893 | €11,851 | -€43 | -0.4% |
| Taxes | 450/3 | €11,893 | €11,851 | -€43 | -0.4% |
| Other amounts payable | 47/48 | €13,305 | €61,479 | +€48,174 | +362% |
| Non-recurring operating income | 76A | €8,284 | - | -€8,284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €874 | €18,270 | +€17,396 | +1,990% |
| Other operating charges | 640/8 | €957 | €5,451 | +€4,494 | +470% |
| Gross operating margin | 9900 | €38,027 | €24,506 | -€13,522 | -35.6% |
| Operating profit (loss) | 9901 | €36,197 | €785 | -€35,412 | -97.8% |
| Financial income | 75/76B | €55,380 | €79,907 | +€24,527 | +44.3% |
| Recurring financial income | 75 | €55,380 | €79,907 | +€24,527 | +44.3% |
| Financial charges | 65/66B | €494 | €2,575 | +€2,080 | +421% |
| Recurring financial charges | 65 | €494 | €2,575 | +€2,080 | +421% |
| Profit (loss) for the period before taxes | 9903 | €91,083 | €78,117 | -€12,965 | -14.2% |
| Income taxes | 67/77 | €15,056 | €7,792 | -€7,264 | -48.2% |
| Profit (loss) for the period | 9904 | €76,027 | €70,326 | -€5,701 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €76,027 | €70,326 | -€5,701 | -7.5% |
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 21 October 2026 via checked.be.