JEAN – MARC EVRARD: 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.
JEAN – MARC EVRARD
Largest movements
- Tangible fixed assets +€13,321
up €13,321 (+82.8%), from €16,096 to €29,417
of which Other tangible fixed assets: +€14,998
- Receivables within one year +€11,148
up €11,148 (+13.0%), from €85,991 to €97,139
of which Trade receivables: +€11,134
- Reserves +€25,300
up €25,300 (+191%), from €13,260 to €38,560
of which Distributable reserves: +€25,300
- Other debts +€8,492
up €8,492 (+1,233%), from €688 to €9,180
- Short-term financial debts -€8,449
down €8,449 (-24.5%), from €34,417 to €25,969
- Tax, wage and social debts -€7,937
down €7,937 (-19.4%), from €40,850 to €32,913
of which Remuneration and social security: -€18,157
- Trade debts +€5,926
up €5,926 (+54.2%), from €10,936 to €16,862
- Gross operating margin +€72,664
up €72,664 (+89.0%), from €81,690 to €154,354
- Taxes +€17,851
up €17,851 (+10,236%), from €174 to €18,026
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,803 | €201,556 | +€23,753 | +13.4% |
| Fixed assets | 21/28 | €91,812 | €104,417 | +€12,605 | +13.7% |
| Tangible fixed assets | 22/27 | €16,096 | €29,417 | +€13,321 | +82.8% |
| Furniture and vehicles | 24 | €15,486 | €13,810 | -€1,677 | -10.8% |
| Other tangible fixed assets | 26 | €609 | €15,607 | +€14,998 | +2,461% |
| Financial fixed assets | 28 | €75,716 | €75,000 | -€716 | -0.9% |
| Current assets | 29/58 | €85,991 | €97,139 | +€11,148 | +13.0% |
| Amounts receivable within one year | 40/41 | €85,991 | €97,139 | +€11,148 | +13.0% |
| Trade receivables | 40 | €85,991 | €97,125 | +€11,134 | +12.9% |
| Other amounts receivable | 41 | - | €14 | +€14 | |
| Total equity and liabilities | 10/49 | €177,803 | €201,556 | +€23,753 | +13.4% |
| Equity | 10/15 | €90,911 | €116,633 | +€25,722 | +28.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,260 | €38,560 | +€25,300 | +191% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,400 | €36,700 | +€25,300 | +222% |
| Profit (loss) carried forward | 14 | €71,451 | €71,873 | +€422 | +0.6% |
| Amounts payable | 17/49 | €86,892 | €84,924 | -€1,968 | -2.3% |
| Amounts payable within one year | 42/48 | €86,892 | €84,924 | -€1,968 | -2.3% |
| Financial debts | 43 | €34,417 | €25,969 | -€8,449 | -24.5% |
| Credit institutions | 430/8 | €34,417 | €25,969 | -€8,449 | -24.5% |
| Trade debts | 44 | €10,936 | €16,862 | +€5,926 | +54.2% |
| Suppliers | 440/4 | €10,936 | €16,862 | +€5,926 | +54.2% |
| Taxes, remuneration and social security | 45 | €40,850 | €32,913 | -€7,937 | -19.4% |
| Taxes | 450/3 | €13,583 | €23,804 | +€10,221 | +75.2% |
| Remuneration and social security | 454/9 | €27,267 | €9,110 | -€18,157 | -66.6% |
| Other amounts payable | 47/48 | €688 | €9,180 | +€8,492 | +1,233% |
| Remuneration, social security and pensions | 62 | €79,963 | €81,099 | +€1,136 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,732 | €12,057 | +€1,325 | +12.4% |
| Other operating charges | 640/8 | €789 | €702 | -€86 | -10.9% |
| Gross operating margin | 9900 | €81,690 | €154,354 | +€72,664 | +89.0% |
| Operating profit (loss) | 9901 | -€9,793 | €60,495 | +€70,289 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €5,816 | €5,348 | -€468 | -8.0% |
| Recurring financial charges | 65 | €5,816 | €5,348 | -€468 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,606 | €55,147 | +€70,754 | |
| Income taxes | 67/77 | €174 | €18,026 | +€17,851 | +10,236% |
| Profit (loss) for the period | 9904 | -€15,780 | €37,122 | +€52,902 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,780 | €37,122 | +€52,902 |
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 30 October 2026 via checked.be.