DR. EVELIEN HERREBOSCH: 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. EVELIEN HERREBOSCH
Largest movements
- Cash -€22,109
down €22,109 (-42.6%), from €51,956 to €29,847
mainly Contributions, distributions and other (-€26,355) and Other debts (-€12,295)
- Receivables after one year +€6,464
up €6,464 (+94.9%), from €6,814 to €13,278
- Deferred charges and accrued income +€5,120
up €5,120 (+12.6%), from €40,656 to €45,776
- Other debts -€12,295
down €12,295 (-17.3%), from €70,915 to €58,620
- Accrued charges and deferred income -€5,232
down €5,232 (-18.0%), from €29,031 to €23,799
- Reserves +€5,000
up €5,000, from €0 to €5,000
- Gross operating margin -€1,602
down €1,602 (-3.4%), from €47,166 to €45,564
- Depreciation +€574
up €574 (+20.3%), from €2,834 to €3,407
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 | €110,764 | €99,224 | -€11,540 | -10.4% |
| Fixed assets | 21/28 | €11,338 | €10,323 | -€1,016 | -9.0% |
| Tangible fixed assets | 22/27 | €6,338 | €5,323 | -€1,016 | -16.0% |
| Plant, machinery and equipment | 23 | €274 | €1,241 | +€966 | +352% |
| Furniture and vehicles | 24 | €6,064 | €3,129 | -€2,935 | -48.4% |
| Other tangible fixed assets | 26 | - | €953 | +€953 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €99,426 | €88,902 | -€10,524 | -10.6% |
| Amounts receivable after more than one year | 29 | €6,814 | €13,278 | +€6,464 | +94.9% |
| Other amounts receivable | 291 | €6,814 | €13,278 | +€6,464 | +94.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €51,956 | €29,847 | -€22,109 | -42.6% |
| Deferred charges and accrued income | 490/1 | €40,656 | €45,776 | +€5,120 | +12.6% |
| Total equity and liabilities | 10/49 | €110,764 | €99,224 | -€11,540 | -10.4% |
| Equity | 10/15 | €5,000 | €10,000 | +€5,000 | +100% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | €5,000 | +€5,000 | |
| Distributable reserves | 133 | €0 | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €105,764 | €89,224 | -€16,540 | -15.6% |
| Amounts payable within one year | 42/48 | €76,732 | €65,425 | -€11,308 | -14.7% |
| Trade debts | 44 | €1,842 | €2,834 | +€992 | +53.9% |
| Suppliers | 440/4 | €1,842 | €2,834 | +€992 | +53.9% |
| Taxes, remuneration and social security | 45 | €3,976 | €3,971 | -€5 | -0.1% |
| Taxes | 450/3 | €1,426 | €3,971 | +€2,545 | +178% |
| Remuneration and social security | 454/9 | €2,550 | €0 | -€2,550 | -100% |
| Other amounts payable | 47/48 | €70,915 | €58,620 | -€12,295 | -17.3% |
| Accrued charges and deferred income | 492/3 | €29,031 | €23,799 | -€5,232 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,834 | €3,407 | +€574 | +20.3% |
| Other operating charges | 640/8 | €834 | €792 | -€42 | -5.0% |
| Gross operating margin | 9900 | €47,166 | €45,564 | -€1,602 | -3.4% |
| Operating profit (loss) | 9901 | €43,498 | €41,365 | -€2,133 | -4.9% |
| Financial income | 75/76B | €164 | €165 | +€0 | 0.0% |
| Recurring financial income | 75 | €164 | €165 | +€0 | 0.0% |
| Financial charges | 65/66B | €359 | €130 | -€229 | -63.9% |
| Recurring financial charges | 65 | €359 | €130 | -€229 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | €43,304 | €41,400 | -€1,904 | -4.4% |
| Income taxes | 67/77 | €9,926 | €10,045 | +€119 | +1.2% |
| Profit (loss) for the period | 9904 | €33,378 | €31,355 | -€2,023 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,378 | €31,355 | -€2,023 | -6.1% |
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 28 October 2026 via checked.be.