Ben Everaert: 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.
Ben Everaert
Largest movements
- Tangible fixed assets -€18,176
down €18,176 (-12.5%), from €145,108 to €126,932
of which Furniture and vehicles: -€11,483
- Receivables within one year +€2,129
up €2,129 (+176%), from €1,209 to €3,338
of which Other amounts receivable: +€2,384
- Debts after one year -€13,727
down €13,727 (-19.0%), from €72,362 to €58,635
- Other debts +€12,571
up €12,571 (+87.9%), from €14,295 to €26,866
- Reserves -€11,118
down €11,118 (-16.8%), from €66,236 to €55,118
of which Distributable reserves: -€11,118
- Trade debts -€3,344
down €3,344 (-59.1%), from €5,657 to €2,313
- Gross operating margin -€21,009
down €21,009 (-43.0%), from €48,824 to €27,816
- Depreciation +€6,995
up €6,995 (+47.4%), from €14,758 to €21,753
- Taxes -€6,909
down €6,909 (-87.5%), from €7,900 to €990
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 | €183,782 | €167,457 | -€16,324 | -8.9% |
| Fixed assets | 21/28 | €145,358 | €127,182 | -€18,176 | -12.5% |
| Tangible fixed assets | 22/27 | €145,108 | €126,932 | -€18,176 | -12.5% |
| Land and buildings | 22 | €86,235 | €80,258 | -€5,978 | -6.9% |
| Plant, machinery and equipment | 23 | €7,739 | €7,024 | -€715 | -9.2% |
| Furniture and vehicles | 24 | €51,133 | €39,650 | -€11,483 | -22.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €38,424 | €40,275 | +€1,851 | +4.8% |
| Stocks and contracts in progress | 3 | €6,184 | €6,444 | +€260 | +4.2% |
| Stocks | 30/36 | €6,184 | €6,444 | +€260 | +4.2% |
| Amounts receivable within one year | 40/41 | €1,209 | €3,338 | +€2,129 | +176% |
| Trade receivables | 40 | €562 | €306 | -€255 | -45.4% |
| Other amounts receivable | 41 | €647 | €3,031 | +€2,384 | +368% |
| Cash at bank and in hand | 54/58 | €29,130 | €27,795 | -€1,335 | -4.6% |
| Deferred charges and accrued income | 490/1 | €1,900 | €2,698 | +€798 | +42.0% |
| Total equity and liabilities | 10/49 | €183,782 | €167,457 | -€16,324 | -8.9% |
| Equity | 10/15 | €72,436 | €61,318 | -€11,118 | -15.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,236 | €55,118 | -€11,118 | -16.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €64,376 | €53,258 | -€11,118 | -17.3% |
| Amounts payable | 17/49 | €111,346 | €106,139 | -€5,206 | -4.7% |
| Amounts payable after more than one year | 17 | €72,362 | €58,635 | -€13,727 | -19.0% |
| Financial debts | 170/4 | €72,362 | €58,635 | -€13,727 | -19.0% |
| Amounts payable within one year | 42/48 | €38,984 | €47,504 | +€8,520 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €13,364 | €13,727 | +€363 | +2.7% |
| Trade debts | 44 | €5,657 | €2,313 | -€3,344 | -59.1% |
| Suppliers | 440/4 | €5,657 | €2,313 | -€3,344 | -59.1% |
| Advances received on contracts in progress | 46 | €1,070 | - | -€1,070 | |
| Taxes, remuneration and social security | 45 | €4,599 | €4,599 | = | 0.0% |
| Taxes | 450/3 | €4,599 | €4,599 | = | 0.0% |
| Other amounts payable | 47/48 | €14,295 | €26,866 | +€12,571 | +87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,758 | €21,753 | +€6,995 | +47.4% |
| Other operating charges | 640/8 | €1,099 | €1,165 | +€66 | +6.0% |
| Gross operating margin | 9900 | €48,824 | €27,816 | -€21,009 | -43.0% |
| Operating profit (loss) | 9901 | €32,967 | €4,898 | -€28,069 | -85.1% |
| Financial income | 75/76B | €310 | €252 | -€58 | -18.8% |
| Recurring financial income | 75 | €310 | €252 | -€58 | -18.8% |
| Financial charges | 65/66B | €1,816 | €1,951 | +€136 | +7.5% |
| Recurring financial charges | 65 | €1,816 | €1,951 | +€136 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €31,462 | €3,199 | -€28,263 | -89.8% |
| Income taxes | 67/77 | €7,900 | €990 | -€6,909 | -87.5% |
| Profit (loss) for the period | 9904 | €23,562 | €2,208 | -€21,354 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,562 | €2,208 | -€21,354 | -90.6% |
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 13 October 2026 via checked.be.