EVERT ROBRECHTS: 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.
EVERT ROBRECHTS
Largest movements
- Cash +€86,306
up €86,306 (+126%), from €68,259 to €154,565
mainly Net result for the year (+€64,694) and Depreciation (+€33,861)
- Tangible fixed assets -€25,335
down €25,335 (-12.5%), from €202,829 to €177,494
of which Other tangible fixed assets: -€16,076
- Receivables within one year -€11,046
down €11,046 (-70.1%), from €15,747 to €4,701
of which Other amounts receivable: -€10,345
- Reserves +€64,694
up €64,694 (+146%), from €44,244 to €108,938
- Debts after one year -€38,151
down €38,151 (-20.5%), from €186,209 to €148,058
- Tax, wage and social debts +€12,578
up €12,578 (+111%), from €11,360 to €23,938
of which Taxes: +€8,042
- Current portion of long-term debt +€8,987
up €8,987 (+42.9%), from €20,963 to €29,950
- Other debts +€3,521
new in 2025: €3,521
- Gross operating margin +€77,019
up €77,019 (+105%), from €73,035 to €150,054
- Taxes +€17,181
up €17,181 (+215%), from €7,994 to €25,175
- Staff costs +€7,574
new in 2025: €7,574
- Financial charges +€2,364
up €2,364 (+19.3%), from €12,255 to €14,619
- Depreciation +€1,909
up €1,909 (+6.0%), from €31,952 to €33,861
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 | €299,964 | €351,764 | +€51,800 | +17.3% |
| Fixed assets | 21/28 | €202,829 | €177,494 | -€25,335 | -12.5% |
| Tangible fixed assets | 22/27 | €202,829 | €177,494 | -€25,335 | -12.5% |
| Land and buildings | 22 | €134,914 | €133,232 | -€1,682 | -1.2% |
| Plant, machinery and equipment | 23 | €16,248 | €18,119 | +€1,871 | +11.5% |
| Furniture and vehicles | 24 | €35,591 | €26,143 | -€9,448 | -26.5% |
| Other tangible fixed assets | 26 | €16,076 | - | -€16,076 | |
| Current assets | 29/58 | €97,135 | €174,270 | +€77,135 | +79.4% |
| Stocks and contracts in progress | 3 | €11,749 | €11,749 | -€0 | 0.0% |
| Stocks | 30/36 | €11,749 | €11,749 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €15,747 | €4,701 | -€11,046 | -70.1% |
| Trade receivables | 40 | €2,897 | €2,196 | -€701 | -24.2% |
| Other amounts receivable | 41 | €12,850 | €2,505 | -€10,345 | -80.5% |
| Cash at bank and in hand | 54/58 | €68,259 | €154,565 | +€86,306 | +126% |
| Deferred charges and accrued income | 490/1 | €1,380 | €3,255 | +€1,875 | +136% |
| Total equity and liabilities | 10/49 | €299,964 | €351,764 | +€51,800 | +17.3% |
| Equity | 10/15 | €64,244 | €128,938 | +€64,694 | +101% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €44,244 | €108,938 | +€64,694 | +146% |
| Distributable reserves | 133 | €44,244 | €108,938 | +€64,694 | +146% |
| Amounts payable | 17/49 | €235,720 | €222,826 | -€12,894 | -5.5% |
| Amounts payable after more than one year | 17 | €186,209 | €148,058 | -€38,151 | -20.5% |
| Financial debts | 170/4 | €186,209 | €148,058 | -€38,151 | -20.5% |
| Amounts payable within one year | 42/48 | €49,511 | €74,768 | +€25,257 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €20,963 | €29,950 | +€8,987 | +42.9% |
| Financial debts | 43 | €2,042 | €2,025 | -€17 | -0.8% |
| Credit institutions | 430/8 | €2,042 | €2,025 | -€17 | -0.8% |
| Trade debts | 44 | €15,146 | €15,334 | +€188 | +1.2% |
| Suppliers | 440/4 | €15,146 | €15,334 | +€188 | +1.2% |
| Taxes, remuneration and social security | 45 | €11,360 | €23,938 | +€12,578 | +111% |
| Taxes | 450/3 | €11,360 | €19,402 | +€8,042 | +70.8% |
| Remuneration and social security | 454/9 | - | €4,536 | +€4,536 | |
| Other amounts payable | 47/48 | - | €3,521 | +€3,521 | |
| Remuneration, social security and pensions | 62 | - | €7,574 | +€7,574 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,952 | €33,861 | +€1,909 | +6.0% |
| Other operating charges | 640/8 | €3,053 | €4,301 | +€1,248 | +40.9% |
| Gross operating margin | 9900 | €73,035 | €150,054 | +€77,019 | +105% |
| Operating profit (loss) | 9901 | €38,029 | €104,318 | +€66,289 | +174% |
| Financial income | 75/76B | €895 | €170 | -€725 | -81.0% |
| Recurring financial income | 75 | €895 | €170 | -€725 | -81.0% |
| Financial charges | 65/66B | €12,255 | €14,619 | +€2,364 | +19.3% |
| Recurring financial charges | 65 | €12,255 | €14,619 | +€2,364 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €26,669 | €89,869 | +€63,200 | +237% |
| Income taxes | 67/77 | €7,994 | €25,175 | +€17,181 | +215% |
| Profit (loss) for the period | 9904 | €18,675 | €64,694 | +€46,019 | +246% |
| Profit (loss) for the period to be appropriated | 9905 | €18,675 | €64,694 | +€46,019 | +246% |
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 23 October 2026 via checked.be.