EVELYN MOREELS: what changed
What changed
EVELYN MOREELS
NACE 43.341, Painting of buildings
filed annual accounts (NBB)
Net result for the year
€41,250
2024 · €10,617+€30,632
Equity
€278,550
2024 · €237,300+€41,250
Cash
€139,988
2024 · €67,456+€72,532
Balance sheet total
€1.7m
2024 · €1.7m-€2,778
Largest movements
Assets
- Cash +€72,532
up €72,532 (+108%), from €67,456 to €139,988
mainly Other debts (+€101,879) and Investment in fixed assets (net) (+€47,401)
- Tangible fixed assets -€61,970
down €61,970 (-11.8%), from €525,898 to €463,928
of which Other tangible fixed assets: -€48,436
- Receivables within one year +€40,972
up €40,972 (+9.1%), from €448,233 to €489,205
of which Trade receivables: +€26,042
- Deferred charges and accrued income -€34,574
down €34,574 (-80.6%), from €42,909 to €8,335
- Stocks and contracts -€17,443
down €17,443 (-3.0%), from €576,476 to €559,033
Equity and liabilities
- Trade debts -€168,478
down €168,478 (-65.3%), from €257,999 to €89,521
- Other debts +€101,879
up €101,879 (+79.0%), from €129,039 to €230,918
- Profit (loss) carried forward +€41,250
up €41,250 (+58.3%), from -€70,707 to -€29,457
- Tax, wage and social debts +€28,830
up €28,830 (+517%), from €5,573 to €34,403
Income statement
- Gross operating margin +€75,804
up €75,804 (+103%), from €73,683 to €149,487
- Financial charges +€22,898
up €22,898 (+83.2%), from €27,516 to €50,414
- Other operating charges +€21,788
up €21,788 (+319%), from €6,821 to €28,610
- Depreciation -€20,288
down €20,288 (-55.4%), from €36,620 to €16,332
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,617
Gross operating margin
+€75,804
Depreciation
+€20,288
Other operating charges
-€21,788
Other operating items
-€20,328
Financial income
+€741
Financial charges
-€22,898
Taxes
-€1,186
Result 2025
€41,250
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€30,693
Investment
+€47,932
Financing
-€6,093
Cash 2024
€67,456
From operations (derived)
+€30,693
Net result for the year
+€41,250
Depreciation
+€16,332
Stocks and contracts
+€17,443
Receivables within one year
-€40,972
Deferred charges and accrued income
+€34,574
Trade debts
-€168,478
Tax, wage and social debts
+€28,830
Other debts
+€101,879
Accrued charges and deferred income
-€165
Investment (derived)
+€47,932
Investment in fixed assets (net)
+€47,401
Current investments
+€531
Financing
-€6,093
Debts after one year
-€15,575
Current portion of long-term debt
+€9,483
Cash 2025
€139,988
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,672,259 | €1,669,481 | -€2,778 | -0.2% |
| Fixed assets | 21/28 | €536,653 | €472,920 | -€63,733 | -11.9% |
| Intangible fixed assets | 21 | €1,084 | €272 | -€812 | -74.9% |
| Tangible fixed assets | 22/27 | €525,898 | €463,928 | -€61,970 | -11.8% |
| Land and buildings | 22 | €426,081 | €412,359 | -€13,722 | -3.2% |
| Furniture and vehicles | 24 | €51,381 | €51,569 | +€188 | +0.4% |
| Other tangible fixed assets | 26 | €48,436 | €0 | -€48,436 | -100% |
| Financial fixed assets | 28 | €9,671 | €8,720 | -€951 | -9.8% |
| Current assets | 29/58 | €1,135,605 | €1,196,561 | +€60,956 | +5.4% |
| Stocks and contracts in progress | 3 | €576,476 | €559,033 | -€17,443 | -3.0% |
| Stocks | 30/36 | €576,476 | €559,033 | -€17,443 | -3.0% |
| Amounts receivable within one year | 40/41 | €448,233 | €489,205 | +€40,972 | +9.1% |
| Trade receivables | 40 | €118,127 | €144,169 | +€26,042 | +22.0% |
| Other amounts receivable | 41 | €330,105 | €345,036 | +€14,931 | +4.5% |
| Current investments | 50/53 | €531 | €0 | -€531 | -100% |
| Cash at bank and in hand | 54/58 | €67,456 | €139,988 | +€72,532 | +108% |
| Deferred charges and accrued income | 490/1 | €42,909 | €8,335 | -€34,574 | -80.6% |
| Total equity and liabilities | 10/49 | €1,672,259 | €1,669,481 | -€2,778 | -0.2% |
| Equity | 10/15 | €237,300 | €278,550 | +€41,250 | +17.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €246,007 | €246,007 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €202,307 | €202,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,707 | -€29,457 | +€41,250 | +58.3% |
| Amounts payable | 17/49 | €1,434,959 | €1,390,931 | -€44,027 | -3.1% |
| Amounts payable after more than one year | 17 | €900,382 | €884,806 | -€15,575 | -1.7% |
| Financial debts | 170/4 | €900,382 | €884,806 | -€15,575 | -1.7% |
| Amounts payable within one year | 42/48 | €533,153 | €504,867 | -€28,287 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €40,542 | €50,025 | +€9,483 | +23.4% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €257,999 | €89,521 | -€168,478 | -65.3% |
| Suppliers | 440/4 | €257,999 | €89,521 | -€168,478 | -65.3% |
| Taxes, remuneration and social security | 45 | €5,573 | €34,403 | +€28,830 | +517% |
| Taxes | 450/3 | €5,573 | €34,403 | +€28,830 | +517% |
| Other amounts payable | 47/48 | €129,039 | €230,918 | +€101,879 | +79.0% |
| Accrued charges and deferred income | 492/3 | €1,423 | €1,259 | -€165 | -11.6% |
| Non-recurring operating income | 76A | - | €151,251 | +€151,251 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,620 | €16,332 | -€20,288 | -55.4% |
| Other operating charges | 640/8 | €6,821 | €28,610 | +€21,788 | +319% |
| Non-recurring operating charges | 66A | - | €20,328 | +€20,328 | |
| Gross operating margin | 9900 | €73,683 | €149,487 | +€75,804 | +103% |
| Operating profit (loss) | 9901 | €30,242 | €84,217 | +€53,976 | +178% |
| Financial income | 75/76B | €8,319 | €9,060 | +€741 | +8.9% |
| Recurring financial income | 75 | €8,319 | €9,060 | +€741 | +8.9% |
| Financial charges | 65/66B | €27,516 | €50,414 | +€22,898 | +83.2% |
| Recurring financial charges | 65 | €27,516 | €50,414 | +€22,898 | +83.2% |
| Profit (loss) for the period before taxes | 9903 | €11,045 | €42,863 | +€31,818 | +288% |
| Income taxes | 67/77 | €428 | €1,614 | +€1,186 | +277% |
| Profit (loss) for the period | 9904 | €10,617 | €41,250 | +€30,632 | +289% |
| Profit (loss) for the period to be appropriated | 9905 | €10,617 | €41,250 | +€30,632 | +289% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.