Werner Eyskens: 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.
Werner Eyskens
Largest movements
- Cash +€409,558
up €409,558 (+61.4%), from €666,563 to €1.1m
mainly Net result for the year (+€349,906) and Receivables within one year (+€221,631)
- Receivables within one year -€221,631
down €221,631 (-55.8%), from €397,110 to €175,479
of which Trade receivables: -€266,359
- Reserves +€349,906
up €349,906 (+7.5%), from €4.7m to €5.0m
- Tax, wage and social debts -€137,863
down €137,863 (-85.1%), from €161,987 to €24,124
- Gross operating margin -€155,515
down €155,515 (-26.5%), from €585,921 to €430,405
- Financial income +€57,287
up €57,287 (+129.9%), from €44,090 to €101,377
- Taxes -€33,549
down €33,549 (-17.4%), from €192,454 to €158,905
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 | €5,163,761 | €5,394,744 | +€230,982 | +4.5% |
| Fixed assets | 21/28 | €475 | €3,841 | +€3,366 | +709.3% |
| Tangible fixed assets | 22/27 | €475 | €3,841 | +€3,366 | +709.3% |
| Furniture and vehicles | 24 | €475 | €3,841 | +€3,366 | +709.3% |
| Current assets | 29/58 | €5,163,287 | €5,390,903 | +€227,616 | +4.4% |
| Amounts receivable within one year | 40/41 | €397,110 | €175,479 | -€221,631 | -55.8% |
| Trade receivables | 40 | €393,821 | €127,462 | -€266,359 | -67.6% |
| Other amounts receivable | 41 | €3,289 | €48,016 | +€44,728 | +1360.0% |
| Current investments | 50/53 | €4,097,849 | €4,137,858 | +€40,009 | +1.0% |
| Cash at bank and in hand | 54/58 | €666,563 | €1,076,121 | +€409,558 | +61.4% |
| Deferred charges and accrued income | 490/1 | €1,765 | €1,445 | -€321 | -18.2% |
| Total equity and liabilities | 10/49 | €5,163,761 | €5,394,744 | +€230,982 | +4.5% |
| Equity | 10/15 | €4,686,782 | €5,036,688 | +€349,906 | +7.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,666,782 | €5,016,688 | +€349,906 | +7.5% |
| Distributable reserves | 133 | €4,666,782 | €5,016,688 | +€349,906 | +7.5% |
| Amounts payable | 17/49 | €476,979 | €358,056 | -€118,923 | -24.9% |
| Amounts payable within one year | 42/48 | €319,789 | €178,173 | -€141,616 | -44.3% |
| Trade debts | 44 | €151,851 | €151,691 | -€161 | -0.1% |
| Suppliers | 440/4 | €151,851 | €151,691 | -€161 | -0.1% |
| Taxes, remuneration and social security | 45 | €161,987 | €24,124 | -€137,863 | -85.1% |
| Taxes | 450/3 | €161,987 | €24,124 | -€137,863 | -85.1% |
| Other amounts payable | 47/48 | €5,951 | €2,358 | -€3,593 | -60.4% |
| Accrued charges and deferred income | 492/3 | €157,190 | €179,883 | +€22,693 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50 | €720 | +€670 | +1334.3% |
| Other operating charges | 640/8 | €1,053 | €1,086 | +€34 | +3.2% |
| Gross operating margin | 9900 | €585,921 | €430,405 | -€155,515 | -26.5% |
| Operating profit (loss) | 9901 | €584,818 | €428,599 | -€156,219 | -26.7% |
| Financial income | 75/76B | €44,090 | €101,377 | +€57,287 | +129.9% |
| Recurring financial income | 75 | €44,090 | €101,377 | +€57,287 | +129.9% |
| Financial charges | 65/66B | €20,693 | €21,166 | +€473 | +2.3% |
| Recurring financial charges | 65 | €20,693 | €21,166 | +€473 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €608,215 | €508,810 | -€99,405 | -16.3% |
| Income taxes | 67/77 | €192,454 | €158,905 | -€33,549 | -17.4% |
| Profit (loss) for the period | 9904 | €415,761 | €349,906 | -€65,856 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €415,761 | €349,906 | -€65,856 | -15.8% |
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.