EVERAERD CEDRIC: 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.
EVERAERD CEDRIC
Largest movements
- Tangible fixed assets +€38,054
up €38,054 (+33.6%), from €113,112 to €151,166
of which Furniture and vehicles: +€30,112
- Cash -€10,823
down €10,823 (-31.1%), from €34,769 to €23,946
mainly Investment in fixed assets (net) (-€72,292) and Trade debts (-€21,101)
- Receivables within one year +€3,312
up €3,312 (+10.5%), from €31,509 to €34,821
of which Other amounts receivable: +€13,951
- Reserves +€33,723
up €33,723 (+299%), from €11,280 to €45,003
- Trade debts -€21,101
down €21,101 (-46.3%), from €45,556 to €24,455
- Tax, wage and social debts +€12,393
up €12,393 (+132%), from €9,414 to €21,806
of which Taxes: +€14,793
- Current portion of long-term debt +€8,098
up €8,098 (+70.8%), from €11,434 to €19,532
- Other debts -€6,110
down €6,110 (-11.4%), from €53,812 to €47,702
- Gross operating margin +€39,271
up €39,271 (+83.8%), from €46,860 to €86,130
- Taxes +€9,624
up €9,624 (+179%), from €5,391 to €15,015
- Depreciation +€7,411
up €7,411 (+27.6%), from €26,827 to €34,238
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 | €191,135 | €219,590 | +€28,455 | +14.9% |
| Fixed assets | 21/28 | €113,112 | €151,166 | +€38,054 | +33.6% |
| Tangible fixed assets | 22/27 | €113,112 | €151,166 | +€38,054 | +33.6% |
| Plant, machinery and equipment | 23 | €49,751 | €57,693 | +€7,941 | +16.0% |
| Furniture and vehicles | 24 | €63,361 | €93,473 | +€30,112 | +47.5% |
| Current assets | 29/58 | €78,023 | €68,424 | -€9,599 | -12.3% |
| Stocks and contracts in progress | 3 | €9,000 | €9,000 | = | 0.0% |
| Stocks | 30/36 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,509 | €34,821 | +€3,312 | +10.5% |
| Trade receivables | 40 | €19,094 | €8,455 | -€10,639 | -55.7% |
| Other amounts receivable | 41 | €12,415 | €26,366 | +€13,951 | +112% |
| Cash at bank and in hand | 54/58 | €34,769 | €23,946 | -€10,823 | -31.1% |
| Deferred charges and accrued income | 490/1 | €2,745 | €657 | -€2,088 | -76.1% |
| Total equity and liabilities | 10/49 | €191,135 | €219,590 | +€28,455 | +14.9% |
| Equity | 10/15 | €47,801 | €81,524 | +€33,723 | +70.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,280 | €45,003 | +€33,723 | +299% |
| Distributable reserves | 133 | €11,280 | €45,003 | +€33,723 | +299% |
| Profit (loss) carried forward | 14 | €33,521 | €33,521 | = | 0.0% |
| Amounts payable | 17/49 | €143,334 | €138,065 | -€5,269 | -3.7% |
| Amounts payable after more than one year | 17 | €22,718 | €24,570 | +€1,852 | +8.2% |
| Financial debts | 170/4 | €22,718 | €24,570 | +€1,852 | +8.2% |
| Amounts payable within one year | 42/48 | €120,216 | €113,495 | -€6,721 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €11,434 | €19,532 | +€8,098 | +70.8% |
| Trade debts | 44 | €45,556 | €24,455 | -€21,101 | -46.3% |
| Suppliers | 440/4 | €45,556 | €24,455 | -€21,101 | -46.3% |
| Taxes, remuneration and social security | 45 | €9,414 | €21,806 | +€12,393 | +132% |
| Taxes | 450/3 | €5,014 | €19,806 | +€14,793 | +295% |
| Remuneration and social security | 454/9 | €4,400 | €2,000 | -€2,400 | -54.5% |
| Other amounts payable | 47/48 | €53,812 | €47,702 | -€6,110 | -11.4% |
| Accrued charges and deferred income | 492/3 | €400 | €0 | -€400 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,827 | €34,238 | +€7,411 | +27.6% |
| Other operating charges | 640/8 | €2,150 | €1,969 | -€182 | -8.4% |
| Gross operating margin | 9900 | €46,860 | €86,130 | +€39,271 | +83.8% |
| Operating profit (loss) | 9901 | €17,882 | €49,924 | +€32,041 | +179% |
| Financial income | 75/76B | €1,024 | €1,069 | +€45 | +4.4% |
| Recurring financial income | 75 | €1,024 | €1,069 | +€45 | +4.4% |
| Financial charges | 65/66B | €2,235 | €2,254 | +€19 | +0.9% |
| Recurring financial charges | 65 | €2,235 | €2,254 | +€19 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €16,671 | €48,738 | +€32,067 | +192% |
| Income taxes | 67/77 | €5,391 | €15,015 | +€9,624 | +179% |
| Profit (loss) for the period | 9904 | €11,280 | €33,723 | +€22,443 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €11,280 | €33,723 | +€22,443 | +199% |
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 13 October 2026 via checked.be.