Wim Eynatten: 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.
Wim Eynatten
Largest movements
- Cash +€374,910
up €374,910 (+53.7%), from €697,510 to €1.1m
mainly Net result for the year (+€378,073) and Current investments (+€175,220)
- Current investments -€175,220
down €175,220 (-28.6%), from €613,297 to €438,078
- Financial fixed assets +€119,100
up €119,100 (+17.1%), from €696,900 to €816,000
- Receivables within one year +€31,018
up €31,018 (+154.3%), from €20,104 to €51,122
- Reserves +€358,490
up €358,490 (+20.2%), from €1.8m to €2.1m
of which Distributable reserves: +€358,490
- Tax, wage and social debts -€61,633
down €61,633 (-82.7%), from €74,509 to €12,876
- Short-term financial debts +€40,541
up €40,541 (+9.2%), from €442,760 to €483,300
of which Other loans: +€39,025
- Gross operating margin +€20,632
up €20,632 (+3.8%), from €544,768 to €565,401
- Financial income +€6,381
up €6,381 (+30.2%), from €21,134 to €27,516
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 | €2,349,568 | €2,685,922 | +€336,354 | +14.3% |
| Fixed assets | 21/28 | €992,900 | €1,104,713 | +€111,813 | +11.3% |
| Tangible fixed assets | 22/27 | €296,000 | €288,713 | -€7,287 | -2.5% |
| Land and buildings | 22 | €284,089 | €276,240 | -€7,850 | -2.8% |
| Plant, machinery and equipment | 23 | - | €4,215 | +€4,215 | |
| Furniture and vehicles | 24 | €5,824 | €5,215 | -€608 | -10.4% |
| Other tangible fixed assets | 26 | €6,087 | €3,043 | -€3,043 | -50.0% |
| Financial fixed assets | 28 | €696,900 | €816,000 | +€119,100 | +17.1% |
| Current assets | 29/58 | €1,356,668 | €1,581,208 | +€224,541 | +16.6% |
| Amounts receivable after more than one year | 29 | €3,000 | €2,667 | -€333 | -11.1% |
| Trade receivables | 290 | €3,000 | €2,667 | -€333 | -11.1% |
| Amounts receivable within one year | 40/41 | €20,104 | €51,122 | +€31,018 | +154.3% |
| Other amounts receivable | 41 | €20,104 | €51,122 | +€31,018 | +154.3% |
| Current investments | 50/53 | €613,297 | €438,078 | -€175,220 | -28.6% |
| Cash at bank and in hand | 54/58 | €697,510 | €1,072,420 | +€374,910 | +53.7% |
| Deferred charges and accrued income | 490/1 | €22,756 | €16,922 | -€5,835 | -25.6% |
| Total equity and liabilities | 10/49 | €2,349,568 | €2,685,922 | +€336,354 | +14.3% |
| Equity | 10/15 | €1,805,606 | €2,164,096 | +€358,490 | +19.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,775,606 | €2,134,096 | +€358,490 | +20.2% |
| Tax-exempt reserves | 132 | €359 | €359 | = | 0.0% |
| Distributable reserves | 133 | €1,775,247 | €2,133,737 | +€358,490 | +20.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €543,962 | €521,826 | -€22,136 | -4.1% |
| Amounts payable within one year | 42/48 | €518,866 | €497,062 | -€21,804 | -4.2% |
| Financial debts | 43 | €442,760 | €483,300 | +€40,541 | +9.2% |
| Credit institutions | 430/8 | €593 | €2,109 | +€1,516 | +255.6% |
| Other loans | 439 | €442,167 | €481,192 | +€39,025 | +8.8% |
| Trade debts | 44 | €1,597 | €885 | -€712 | -44.6% |
| Suppliers | 440/4 | €1,597 | €885 | -€712 | -44.6% |
| Taxes, remuneration and social security | 45 | €74,509 | €12,876 | -€61,633 | -82.7% |
| Taxes | 450/3 | €74,509 | €12,876 | -€61,633 | -82.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €25,096 | €24,764 | -€333 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,341 | €13,749 | +€1,408 | +11.4% |
| Other operating charges | 640/8 | €3,397 | €3,019 | -€378 | -11.1% |
| Gross operating margin | 9900 | €544,768 | €565,401 | +€20,632 | +3.8% |
| Operating profit (loss) | 9901 | €529,031 | €548,633 | +€19,602 | +3.7% |
| Financial income | 75/76B | €21,134 | €27,516 | +€6,381 | +30.2% |
| Recurring financial income | 75 | €21,134 | €27,516 | +€6,381 | +30.2% |
| Financial charges | 65/66B | €27,482 | €28,303 | +€820 | +3.0% |
| Recurring financial charges | 65 | €27,482 | €28,303 | +€820 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €522,683 | €547,846 | +€25,164 | +4.8% |
| Income taxes | 67/77 | €167,871 | €169,774 | +€1,903 | +1.1% |
| Profit (loss) for the period | 9904 | €354,812 | €378,073 | +€23,261 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €354,812 | €378,073 | +€23,261 | +6.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.