Eva Bulens: what changed
Two fiscal 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.
Eva Bulens
Largest movements
- Current investments +€35,689
up €35,689 (+119.0%), from €29,989 to €65,678
- Tangible fixed assets -€20,651
down €20,651 (-26.3%), from €78,657 to €58,006
of which Furniture and vehicles: -€20,099
- Receivables within one year -€17,169
no longer reported in 2025 (was €17,169)
- Deferred charges and accrued income +€17,157
up €17,157 (+800.6%), from €2,143 to €19,300
- Cash -€12,244
down €12,244 (-27.4%), from €44,662 to €32,418
mainly Current investments (-€35,689) and Deferred charges and accrued income (-€17,157)
- Reserves +€34,250
up €34,250 (+43.3%), from €79,184 to €113,434
- Debts after one year -€15,072
down €15,072 (-34.1%), from €44,204 to €29,132
- Tax, wage and social debts -€14,624
down €14,624 (-51.2%), from €28,554 to €13,930
- Trade debts -€2,121
down €2,121 (-86.8%), from €2,445 to €324
- Gross operating margin +€14,524
up €14,524 (+23.9%), from €60,641 to €75,165
- Financial charges +€3,757
up €3,757 (+148.0%), from €2,539 to €6,296
- Taxes +€3,757
up €3,757 (+36.9%), from €10,180 to €13,937
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.
Cash bridge derived
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 | €172,621 | €175,402 | +€2,781 | +1.6% |
| Fixed assets | 21/28 | €78,657 | €58,006 | -€20,651 | -26.3% |
| Tangible fixed assets | 22/27 | €78,657 | €58,006 | -€20,651 | -26.3% |
| Plant, machinery and equipment | 23 | €3,171 | €2,618 | -€553 | -17.4% |
| Furniture and vehicles | 24 | €75,487 | €55,388 | -€20,099 | -26.6% |
| Current assets | 29/58 | €93,963 | €117,396 | +€23,433 | +24.9% |
| Amounts receivable within one year | 40/41 | €17,169 | - | -€17,169 | |
| Trade receivables | 40 | €17,169 | - | -€17,169 | |
| Current investments | 50/53 | €29,989 | €65,678 | +€35,689 | +119.0% |
| Cash at bank and in hand | 54/58 | €44,662 | €32,418 | -€12,244 | -27.4% |
| Deferred charges and accrued income | 490/1 | €2,143 | €19,300 | +€17,157 | +800.6% |
| Total equity and liabilities | 10/49 | €172,621 | €175,402 | +€2,781 | +1.6% |
| Equity | 10/15 | €81,184 | €115,434 | +€34,250 | +42.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €79,184 | €113,434 | +€34,250 | +43.3% |
| Distributable reserves | 133 | €79,184 | €113,434 | +€34,250 | +43.3% |
| Amounts payable | 17/49 | €91,437 | €59,968 | -€31,469 | -34.4% |
| Amounts payable after more than one year | 17 | €44,204 | €29,132 | -€15,072 | -34.1% |
| Financial debts | 170/4 | €44,204 | €29,132 | -€15,072 | -34.1% |
| Amounts payable within one year | 42/48 | €47,232 | €30,637 | -€16,595 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €14,522 | €15,072 | +€550 | +3.8% |
| Trade debts | 44 | €2,445 | €324 | -€2,121 | -86.8% |
| Suppliers | 440/4 | €2,445 | €324 | -€2,121 | -86.8% |
| Taxes, remuneration and social security | 45 | €28,554 | €13,930 | -€14,624 | -51.2% |
| Taxes | 450/3 | €28,554 | €13,930 | -€14,624 | -51.2% |
| Other amounts payable | 47/48 | €1,712 | €1,311 | -€401 | -23.4% |
| Accrued charges and deferred income | 492/3 | - | €199 | +€199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,651 | €20,651 | = | 0.0% |
| Other operating charges | 640/8 | - | €71 | +€71 | |
| Gross operating margin | 9900 | €60,641 | €75,165 | +€14,524 | +23.9% |
| Operating profit (loss) | 9901 | €39,990 | €54,442 | +€14,452 | +36.1% |
| Financial income | 75/76B | €0 | €41 | +€41 | +408700.0% |
| Recurring financial income | 75 | €0 | €41 | +€41 | +408700.0% |
| Financial charges | 65/66B | €2,539 | €6,296 | +€3,757 | +148.0% |
| Recurring financial charges | 65 | €2,539 | €6,296 | +€3,757 | +148.0% |
| Profit (loss) for the period before taxes | 9903 | €37,451 | €48,187 | +€10,736 | +28.7% |
| Income taxes | 67/77 | €10,180 | €13,937 | +€3,757 | +36.9% |
| Profit (loss) for the period | 9904 | €27,271 | €34,250 | +€6,979 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,271 | €34,250 | +€6,979 | +25.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.