DR.ELS 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.
DR.ELS EVERAERT
Largest movements
- Current investments +€264,025
up €264,025 (+37.0%), from €714,498 to €978,522
- Cash +€17,689
up €17,689 (+15.7%), from €112,772 to €130,461
mainly Net result for the year (+€318,712) and Tax, wage and social debts (+€35,721)
- Deferred charges and accrued income +€11,320
up €11,320 (+140%), from €8,058 to €19,378
- Reserves +€266,814
up €266,814 (+34.4%), from €775,123 to €1.0m
- Tax, wage and social debts +€35,721
up €35,721 (+125%), from €28,574 to €64,295
of which Taxes: +€35,692
- Gross operating margin +€49,308
up €49,308 (+12.4%), from €396,703 to €446,011
- Taxes +€16,902
up €16,902 (+13.6%), from €124,692 to €141,594
- Financial income +€5,551
up €5,551 (+51.5%), from €10,788 to €16,339
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 | €839,148 | €1,131,252 | +€292,104 | +34.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €3,821 | €2,891 | -€930 | -24.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,821 | €2,891 | -€930 | -24.3% |
| Land and buildings | 22 | €608 | €506 | -€102 | -16.8% |
| Plant, machinery and equipment | 23 | €836 | €404 | -€432 | -51.7% |
| Furniture and vehicles | 24 | €2,377 | €1,981 | -€395 | -16.6% |
| Current assets | 29/58 | €835,328 | €1,128,361 | +€293,034 | +35.1% |
| Current investments | 50/53 | €714,498 | €978,522 | +€264,025 | +37.0% |
| Cash at bank and in hand | 54/58 | €112,772 | €130,461 | +€17,689 | +15.7% |
| Deferred charges and accrued income | 490/1 | €8,058 | €19,378 | +€11,320 | +140% |
| Total equity and liabilities | 10/49 | €839,148 | €1,131,252 | +€292,104 | +34.8% |
| Equity | 10/15 | €804,826 | €1,060,537 | +€255,712 | +31.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €775,123 | €1,041,937 | +€266,814 | +34.4% |
| Distributable reserves | 133 | €775,123 | €1,041,937 | +€266,814 | +34.4% |
| Profit (loss) carried forward | 14 | €11,103 | - | -€11,103 | |
| Amounts payable | 17/49 | €34,323 | €70,715 | +€36,392 | +106% |
| Amounts payable within one year | 42/48 | €34,323 | €70,398 | +€36,075 | +105% |
| Trade debts | 44 | €1,153 | €2,249 | +€1,096 | +95.1% |
| Suppliers | 440/4 | €1,153 | €2,249 | +€1,096 | +95.1% |
| Taxes, remuneration and social security | 45 | €28,574 | €64,295 | +€35,721 | +125% |
| Taxes | 450/3 | €28,223 | €63,915 | +€35,692 | +126% |
| Remuneration and social security | 454/9 | €350 | €380 | +€30 | +8.5% |
| Other amounts payable | 47/48 | €4,596 | €3,854 | -€742 | -16.1% |
| Accrued charges and deferred income | 492/3 | - | €317 | +€317 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €930 | €930 | +€0 | 0.0% |
| Other operating charges | 640/8 | €778 | €798 | +€20 | +2.5% |
| Gross operating margin | 9900 | €396,703 | €446,011 | +€49,308 | +12.4% |
| Operating profit (loss) | 9901 | €394,995 | €444,284 | +€49,289 | +12.5% |
| Financial income | 75/76B | €10,788 | €16,339 | +€5,551 | +51.5% |
| Recurring financial income | 75 | €10,788 | €16,339 | +€5,551 | +51.5% |
| Financial charges | 65/66B | €69 | €317 | +€248 | +359% |
| Recurring financial charges | 65 | €69 | €317 | +€248 | +359% |
| Profit (loss) for the period before taxes | 9903 | €405,714 | €460,306 | +€54,592 | +13.5% |
| Income taxes | 67/77 | €124,692 | €141,594 | +€16,902 | +13.6% |
| Profit (loss) for the period | 9904 | €281,022 | €318,712 | +€37,689 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €281,022 | €318,712 | +€37,689 | +13.4% |
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.