ERIK VAN GERVEN: 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.
ERIK VAN GERVEN
Largest movements
- Tangible fixed assets +€26,030
up €26,030 (+175%), from €14,899 to €40,928
of which Furniture and vehicles: +€26,678
- Cash -€11,550
down €11,550 (-11.0%), from €105,343 to €93,793
mainly Investment in fixed assets (net) (-€32,135) and Receivables within one year (-€1,994)
- Reserves +€9,105
up €9,105 (+12.5%), from €72,995 to €82,100
of which Distributable reserves: +€9,105
- Tax, wage and social debts +€4,046
up €4,046 (+54.5%), from €7,421 to €11,467
of which Taxes: +€4,951
- Trade debts +€3,730
up €3,730 (+24.8%), from €15,056 to €18,786
- Gross operating margin +€24,917
up €24,917 (+50.3%), from €49,520 to €74,437
- Staff costs -€2,621
down €2,621 (-5.1%), from €51,814 to €49,193
- Taxes +€1,810
up €1,810 (+308%), from €588 to €2,398
- Financial charges -€1,518
down €1,518 (-16.9%), from €8,976 to €7,459
- Other operating charges -€1,272
down €1,272 (-55.2%), from €2,306 to €1,034
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 | €214,039 | €231,633 | +€17,594 | +8.2% |
| Fixed assets | 21/28 | €14,992 | €41,022 | +€26,030 | +174% |
| Tangible fixed assets | 22/27 | €14,899 | €40,928 | +€26,030 | +175% |
| Plant, machinery and equipment | 23 | €2,704 | €5,537 | +€2,832 | +105% |
| Furniture and vehicles | 24 | €465 | €27,143 | +€26,678 | +5,737% |
| Other tangible fixed assets | 26 | €11,729 | €8,249 | -€3,480 | -29.7% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €199,047 | €190,611 | -€8,436 | -4.2% |
| Amounts receivable within one year | 40/41 | €85,382 | €87,375 | +€1,994 | +2.3% |
| Trade receivables | 40 | €78,745 | €67,350 | -€11,395 | -14.5% |
| Other amounts receivable | 41 | €6,636 | €20,025 | +€13,389 | +202% |
| Current investments | 50/53 | €2,777 | €2,777 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €105,343 | €93,793 | -€11,550 | -11.0% |
| Deferred charges and accrued income | 490/1 | €5,545 | €6,666 | +€1,121 | +20.2% |
| Total equity and liabilities | 10/49 | €214,039 | €231,633 | +€17,594 | +8.2% |
| Equity | 10/15 | €91,595 | €100,700 | +€9,105 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,995 | €82,100 | +€9,105 | +12.5% |
| Tax-exempt reserves | 132 | €1,386 | €1,386 | = | 0.0% |
| Distributable reserves | 133 | €71,609 | €80,714 | +€9,105 | +12.7% |
| Amounts payable | 17/49 | €122,444 | €130,933 | +€8,489 | +6.9% |
| Amounts payable within one year | 42/48 | €117,771 | €127,269 | +€9,499 | +8.1% |
| Trade debts | 44 | €15,056 | €18,786 | +€3,730 | +24.8% |
| Suppliers | 440/4 | €15,056 | €18,786 | +€3,730 | +24.8% |
| Taxes, remuneration and social security | 45 | €7,421 | €11,467 | +€4,046 | +54.5% |
| Taxes | 450/3 | €430 | €5,381 | +€4,951 | +1,151% |
| Remuneration and social security | 454/9 | €6,991 | €6,086 | -€905 | -12.9% |
| Other amounts payable | 47/48 | €95,293 | €97,016 | +€1,723 | +1.8% |
| Accrued charges and deferred income | 492/3 | €4,673 | €3,663 | -€1,010 | -21.6% |
| Remuneration, social security and pensions | 62 | €51,814 | €49,193 | -€2,621 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,069 | €6,106 | +€1,037 | +20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,306 | €1,034 | -€1,272 | -55.2% |
| Gross operating margin | 9900 | €49,520 | €74,437 | +€24,917 | +50.3% |
| Operating profit (loss) | 9901 | -€9,668 | €18,105 | +€27,773 | |
| Financial income | 75/76B | €758 | €857 | +€99 | +13.1% |
| Recurring financial income | 75 | €758 | €857 | +€99 | +13.1% |
| Financial charges | 65/66B | €8,976 | €7,459 | -€1,518 | -16.9% |
| Recurring financial charges | 65 | €8,976 | €7,459 | -€1,518 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,887 | €11,503 | +€29,390 | |
| Income taxes | 67/77 | €588 | €2,398 | +€1,810 | +308% |
| Profit (loss) for the period | 9904 | -€18,475 | €9,105 | +€27,580 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,475 | €9,105 | +€27,580 |
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 30 October 2026 via checked.be.