VANHOLDER Eddy: 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.
VANHOLDER Eddy
Largest movements
- Tangible fixed assets +€27,499
up €27,499 (+171.7%), from €16,019 to €43,518
of which Furniture and vehicles: +€25,538
- Current investments -€22,144
down €22,144 (-16.5%), from €133,814 to €111,670
- Cash -€4,080
down €4,080 (-14.8%), from €27,521 to €23,442
mainly Investment in fixed assets (net) (-€40,015) and Contributions, distributions and other (-€12,764)
- Receivables within one year +€3,048
up €3,048 (+17.1%), from €17,799 to €20,847
of which Other amounts receivable: +€1,733
- Deferred charges and accrued income +€2,100
up €2,100 (+119.3%), from €1,760 to €3,860
- Other debts +€4,539
up €4,539 (+53.3%), from €8,516 to €13,055
- Reserves +€2,203
up €2,203 (+1.3%), from €165,490 to €167,693
- Depreciation +€7,464
up €7,464 (+147.7%), from €5,052 to €12,516
- Financial income +€2,789
up €2,789 (+770.9%), from €362 to €3,151
- Gross operating margin +€1,671
up €1,671 (+5.6%), from €29,691 to €31,362
- Taxes -€836
down €836 (-11.9%), from €7,048 to €6,212
- Other operating charges -€435
down €435 (-41.6%), from €1,047 to €612
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 | €196,913 | €203,336 | +€6,423 | +3.3% |
| Fixed assets | 21/28 | €16,019 | €43,518 | +€27,499 | +171.7% |
| Tangible fixed assets | 22/27 | €16,019 | €43,518 | +€27,499 | +171.7% |
| Plant, machinery and equipment | 23 | - | €2,875 | +€2,875 | |
| Furniture and vehicles | 24 | €11,032 | €36,570 | +€25,538 | +231.5% |
| Other tangible fixed assets | 26 | €4,987 | €4,073 | -€914 | -18.3% |
| Current assets | 29/58 | €180,894 | €159,819 | -€21,075 | -11.7% |
| Amounts receivable within one year | 40/41 | €17,799 | €20,847 | +€3,048 | +17.1% |
| Trade receivables | 40 | €17,799 | €19,114 | +€1,315 | +7.4% |
| Other amounts receivable | 41 | €0 | €1,733 | +€1,733 | |
| Current investments | 50/53 | €133,814 | €111,670 | -€22,144 | -16.5% |
| Cash at bank and in hand | 54/58 | €27,521 | €23,442 | -€4,080 | -14.8% |
| Deferred charges and accrued income | 490/1 | €1,760 | €3,860 | +€2,100 | +119.3% |
| Total equity and liabilities | 10/49 | €196,913 | €203,336 | +€6,423 | +3.3% |
| Equity | 10/15 | €184,082 | €186,285 | +€2,203 | +1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €165,490 | €167,693 | +€2,203 | +1.3% |
| Distributable reserves | 133 | €165,490 | €167,693 | +€2,203 | +1.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,831 | €17,052 | +€4,220 | +32.9% |
| Amounts payable within one year | 42/48 | €12,831 | €16,482 | +€3,651 | +28.5% |
| Trade debts | 44 | €1,342 | €74 | -€1,268 | -94.5% |
| Suppliers | 440/4 | €1,342 | €74 | -€1,268 | -94.5% |
| Taxes, remuneration and social security | 45 | €2,973 | €3,353 | +€380 | +12.8% |
| Taxes | 450/3 | €2,973 | €3,353 | +€380 | +12.8% |
| Other amounts payable | 47/48 | €8,516 | €13,055 | +€4,539 | +53.3% |
| Accrued charges and deferred income | 492/3 | - | €569 | +€569 | |
| Non-recurring operating income | 76A | - | €995 | +€995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,052 | €12,516 | +€7,464 | +147.7% |
| Other operating charges | 640/8 | €1,047 | €612 | -€435 | -41.6% |
| Gross operating margin | 9900 | €29,691 | €31,362 | +€1,671 | +5.6% |
| Operating profit (loss) | 9901 | €23,592 | €18,233 | -€5,358 | -22.7% |
| Financial income | 75/76B | €362 | €3,151 | +€2,789 | +770.9% |
| Recurring financial income | 75 | €362 | €3,151 | +€2,789 | +770.9% |
| Financial charges | 65/66B | €117 | €205 | +€88 | +74.9% |
| Recurring financial charges | 65 | €117 | €205 | +€88 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | €23,836 | €21,179 | -€2,657 | -11.1% |
| Income taxes | 67/77 | €7,048 | €6,212 | -€836 | -11.9% |
| Profit (loss) for the period | 9904 | €16,788 | €14,967 | -€1,821 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,788 | €14,967 | -€1,821 | -10.8% |
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 3 October 2026 via checked.be.