Eric BLERVACQ CONSULT: 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.
Eric BLERVACQ CONSULT
Largest movements
- Receivables within one year -€59,116
down €59,116 (-49.9%), from €118,363 to €59,248
of which Other amounts receivable: -€40,665
- Tangible fixed assets -€6,101
down €6,101 (-32.1%), from €18,981 to €12,880
- Cash -€2,704
down €2,704 (-34.7%), from €7,791 to €5,087
mainly Contributions, distributions and other (-€72,000) and Tax, wage and social debts (-€6,033)
- Reserves -€72,000
down €72,000 (-63.7%), from €113,000 to €41,000
- Tax, wage and social debts -€6,033
down €6,033 (-18.2%), from €33,229 to €27,196
- Trade debts +€3,050
up €3,050 (+137%), from €2,232 to €5,283
- Debts after one year +€2,624
up €2,624 (+9.6%), from €27,341 to €29,966
of which Other amounts payable: +€10,000
- Gross operating margin -€31,996
down €31,996 (-79.4%), from €40,308 to €8,312
- Taxes -€9,349
down €9,349 (-81.1%), from €11,531 to €2,182
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 | €217,612 | €148,332 | -€69,280 | -31.8% |
| Fixed assets | 21/28 | €40,098 | €33,997 | -€6,101 | -15.2% |
| Tangible fixed assets | 22/27 | €18,981 | €12,880 | -€6,101 | -32.1% |
| Furniture and vehicles | 24 | €18,981 | €12,880 | -€6,101 | -32.1% |
| Financial fixed assets | 28 | €21,117 | €21,117 | = | 0.0% |
| Current assets | 29/58 | €177,514 | €114,335 | -€63,179 | -35.6% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €118,363 | €59,248 | -€59,116 | -49.9% |
| Trade receivables | 40 | €23,201 | €4,750 | -€18,451 | -79.5% |
| Other amounts receivable | 41 | €95,163 | €54,498 | -€40,665 | -42.7% |
| Cash at bank and in hand | 54/58 | €7,791 | €5,087 | -€2,704 | -34.7% |
| Deferred charges and accrued income | 490/1 | €1,360 | - | -€1,360 | |
| Total equity and liabilities | 10/49 | €217,612 | €148,332 | -€69,280 | -31.8% |
| Equity | 10/15 | €148,723 | €78,512 | -€70,211 | -47.2% |
| Contributions | 10/11 | €8,125 | €8,125 | = | 0.0% |
| Reserves | 13 | €113,000 | €41,000 | -€72,000 | -63.7% |
| Distributable reserves | 133 | €113,000 | €41,000 | -€72,000 | -63.7% |
| Profit (loss) carried forward | 14 | €27,598 | €29,387 | +€1,789 | +6.5% |
| Amounts payable | 17/49 | €68,889 | €69,820 | +€931 | +1.4% |
| Amounts payable after more than one year | 17 | €27,341 | €29,966 | +€2,624 | +9.6% |
| Financial debts | 170/4 | €7,376 | - | -€7,376 | |
| Other amounts payable | 178/9 | €19,966 | €29,966 | +€10,000 | +50.1% |
| Amounts payable within one year | 42/48 | €41,547 | €39,854 | -€1,693 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €6,086 | €7,376 | +€1,290 | +21.2% |
| Trade debts | 44 | €2,232 | €5,283 | +€3,050 | +137% |
| Suppliers | 440/4 | €2,232 | €5,283 | +€3,050 | +137% |
| Taxes, remuneration and social security | 45 | €33,229 | €27,196 | -€6,033 | -18.2% |
| Taxes | 450/3 | €33,229 | €27,196 | -€6,033 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,380 | €6,415 | +€35 | +0.5% |
| Other operating charges | 640/8 | €1,879 | €1,746 | -€133 | -7.1% |
| Gross operating margin | 9900 | €40,308 | €8,312 | -€31,996 | -79.4% |
| Operating profit (loss) | 9901 | €32,049 | €151 | -€31,898 | -99.5% |
| Financial income | 75/76B | €5,000 | €4,751 | -€249 | -5.0% |
| Recurring financial income | 75 | €5,000 | €1 | -€4,999 | -100.0% |
| Non-recurring financial income | 76B | €5,000 | €4,750 | -€250 | -5.0% |
| Financial charges | 65/66B | €1,048 | €931 | -€116 | -11.1% |
| Recurring financial charges | 65 | €1,048 | €931 | -€116 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €36,001 | €3,971 | -€32,030 | -89.0% |
| Income taxes | 67/77 | €11,531 | €2,182 | -€9,349 | -81.1% |
| Profit (loss) for the period | 9904 | €24,471 | €1,789 | -€22,681 | -92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,471 | €1,789 | -€22,681 | -92.7% |
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 24 October 2026 via checked.be.