Evert Van Britsom: 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 Van Britsom
Largest movements
- Receivables within one year +€62,993
up €62,993 (+38.6%), from €163,326 to €226,319
of which Other amounts receivable: +€67,738
- Reserves +€61,048
up €61,048 (+46.9%), from €130,192 to €191,240
- Tax, wage and social debts +€24,136
up €24,136 (+85.4%), from €28,248 to €52,383
- Advances received -€9,553
down €9,553 (-100%), from €9,553 to €0
- Short-term financial debts -€8,437
down €8,437 (-100%), from €8,437 to €0
- Debts after one year -€3,250
down €3,250 (-20.0%), from €16,250 to €13,000
- Gross operating margin +€7,466
up €7,466 (+10.7%), from €69,585 to €77,051
- Taxes +€3,314
up €3,314 (+19.8%), from €16,754 to €20,068
- Financial income +€3,246
up €3,246 (+40.8%), from €7,958 to €11,204
- Other operating charges -€3,013
down €3,013 (-54.2%), from €5,556 to €2,543
- Financial charges +€1,128
up €1,128 (+43.1%), from €2,618 to €3,746
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 | €235,009 | €299,748 | +€64,739 | +27.5% |
| Fixed assets | 21/28 | €3,681 | €5,309 | +€1,629 | +44.2% |
| Tangible fixed assets | 22/27 | €3,681 | €5,309 | +€1,629 | +44.2% |
| Plant, machinery and equipment | 23 | €3,681 | €3,104 | -€577 | -15.7% |
| Furniture and vehicles | 24 | - | €2,205 | +€2,205 | |
| Current assets | 29/58 | €231,328 | €294,438 | +€63,110 | +27.3% |
| Amounts receivable after more than one year | 29 | €68,000 | €68,000 | = | 0.0% |
| Other amounts receivable | 291 | €68,000 | €68,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €163,326 | €226,319 | +€62,993 | +38.6% |
| Trade receivables | 40 | €22,895 | €18,150 | -€4,745 | -20.7% |
| Other amounts receivable | 41 | €140,431 | €208,169 | +€67,738 | +48.2% |
| Cash at bank and in hand | 54/58 | €2 | €119 | +€117 | +4,764% |
| Total equity and liabilities | 10/49 | €235,009 | €299,748 | +€64,739 | +27.5% |
| Equity | 10/15 | €132,192 | €193,240 | +€61,048 | +46.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €130,192 | €191,240 | +€61,048 | +46.9% |
| Distributable reserves | 133 | €130,192 | €191,240 | +€61,048 | +46.9% |
| Amounts payable | 17/49 | €102,817 | €106,508 | +€3,690 | +3.6% |
| Amounts payable after more than one year | 17 | €16,250 | €13,000 | -€3,250 | -20.0% |
| Financial debts | 170/4 | €16,250 | €13,000 | -€3,250 | -20.0% |
| Amounts payable within one year | 42/48 | €86,039 | €92,979 | +€6,941 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €9,750 | €13,000 | +€3,250 | +33.3% |
| Financial debts | 43 | €8,437 | €0 | -€8,437 | -100% |
| Credit institutions | 430/8 | €8,437 | €0 | -€8,437 | -100% |
| Trade debts | 44 | €30,051 | €27,596 | -€2,455 | -8.2% |
| Suppliers | 440/4 | €30,051 | €27,596 | -€2,455 | -8.2% |
| Advances received on contracts in progress | 46 | €9,553 | €0 | -€9,553 | -100% |
| Taxes, remuneration and social security | 45 | €28,248 | €52,383 | +€24,136 | +85.4% |
| Taxes | 450/3 | €28,248 | €52,383 | +€24,136 | +85.4% |
| Accrued charges and deferred income | 492/3 | €529 | €529 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €577 | €850 | +€273 | +47.3% |
| Other operating charges | 640/8 | €5,556 | €2,543 | -€3,013 | -54.2% |
| Gross operating margin | 9900 | €69,585 | €77,051 | +€7,466 | +10.7% |
| Operating profit (loss) | 9901 | €63,452 | €73,659 | +€10,206 | +16.1% |
| Financial income | 75/76B | €7,958 | €11,204 | +€3,246 | +40.8% |
| Recurring financial income | 75 | €7,958 | €11,204 | +€3,246 | +40.8% |
| Financial charges | 65/66B | €2,618 | €3,746 | +€1,128 | +43.1% |
| Recurring financial charges | 65 | €2,618 | €3,746 | +€1,128 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €68,792 | €81,117 | +€12,324 | +17.9% |
| Income taxes | 67/77 | €16,754 | €20,068 | +€3,314 | +19.8% |
| Profit (loss) for the period | 9904 | €52,038 | €61,048 | +€9,011 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,038 | €61,048 | +€9,011 | +17.3% |
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.