Jimmy Odevaert: 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.
Jimmy Odevaert
Largest movements
- Receivables within one year +€27,368
up €27,368 (+158%), from €17,332 to €44,700
of which Trade receivables: +€25,407
- Cash +€8,535
up €8,535 (+94.2%), from €9,061 to €17,596
mainly Net result for the year (+€34,591) and Depreciation (+€12,729)
- Tangible fixed assets +€4,617
up €4,617 (+12.2%), from €37,706 to €42,323
of which Plant, machinery and equipment: +€13,201
- Reserves +€33,758
up €33,758 (+214%), from €15,787 to €49,545
- Other debts -€8,791
down €8,791 (-26.5%), from €33,126 to €24,335
- Debts after one year +€5,059
new in 2025: €5,059
- Tax, wage and social debts +€4,864
up €4,864 (+107%), from €4,538 to €9,402
- Current portion of long-term debt +€4,291
new in 2025: €4,291
- Gross operating margin +€35,317
up €35,317 (+139%), from €25,353 to €60,669
- Depreciation +€10,158
up €10,158 (+395%), from €2,571 to €12,729
- Taxes +€4,940
up €4,940 (+111%), from €4,461 to €9,401
- Financial charges +€2,875
up €2,875 (+1,945%), from €148 to €3,023
- Staff costs -€720
no longer reported in 2025 (was €720)
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 | €64,675 | €105,998 | +€41,322 | +63.9% |
| Fixed assets | 21/28 | €37,707 | €42,324 | +€4,617 | +12.2% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -21.1% |
| Tangible fixed assets | 22/27 | €37,706 | €42,323 | +€4,617 | +12.2% |
| Plant, machinery and equipment | 23 | - | €13,201 | +€13,201 | |
| Furniture and vehicles | 24 | €37,706 | €29,122 | -€8,584 | -22.8% |
| Current assets | 29/58 | €26,969 | €63,674 | +€36,705 | +136% |
| Stocks and contracts in progress | 3 | €250 | €250 | = | 0.0% |
| Stocks | 30/36 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,332 | €44,700 | +€27,368 | +158% |
| Trade receivables | 40 | €15,319 | €40,727 | +€25,407 | +166% |
| Other amounts receivable | 41 | €2,013 | €3,974 | +€1,961 | +97.4% |
| Cash at bank and in hand | 54/58 | €9,061 | €17,596 | +€8,535 | +94.2% |
| Deferred charges and accrued income | 490/1 | €326 | €1,128 | +€802 | +246% |
| Total equity and liabilities | 10/49 | €64,675 | €105,998 | +€41,322 | +63.9% |
| Equity | 10/15 | €20,787 | €54,545 | +€33,758 | +162% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,787 | €49,545 | +€33,758 | +214% |
| Distributable reserves | 133 | €15,787 | €49,545 | +€33,758 | +214% |
| Amounts payable | 17/49 | €43,888 | €51,453 | +€7,564 | +17.2% |
| Amounts payable after more than one year | 17 | - | €5,059 | +€5,059 | |
| Financial debts | 170/4 | - | €5,059 | +€5,059 | |
| Amounts payable within one year | 42/48 | €42,101 | €44,676 | +€2,576 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,291 | +€4,291 | |
| Trade debts | 44 | €4,437 | €6,647 | +€2,210 | +49.8% |
| Suppliers | 440/4 | €4,437 | €6,647 | +€2,210 | +49.8% |
| Taxes, remuneration and social security | 45 | €4,538 | €9,402 | +€4,864 | +107% |
| Taxes | 450/3 | €4,538 | €9,402 | +€4,864 | +107% |
| Other amounts payable | 47/48 | €33,126 | €24,335 | -€8,791 | -26.5% |
| Accrued charges and deferred income | 492/3 | €1,788 | €1,717 | -€71 | -4.0% |
| Remuneration, social security and pensions | 62 | €720 | - | -€720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,571 | €12,729 | +€10,158 | +395% |
| Other operating charges | 640/8 | €1,070 | €990 | -€79 | -7.4% |
| Gross operating margin | 9900 | €25,353 | €60,669 | +€35,317 | +139% |
| Operating profit (loss) | 9901 | €20,992 | €46,950 | +€25,958 | +124% |
| Financial income | 75/76B | €236 | €65 | -€171 | -72.5% |
| Recurring financial income | 75 | €236 | €65 | -€171 | -72.5% |
| Financial charges | 65/66B | €148 | €3,023 | +€2,875 | +1,945% |
| Recurring financial charges | 65 | €148 | €3,023 | +€2,875 | +1,945% |
| Profit (loss) for the period before taxes | 9903 | €21,080 | €43,992 | +€22,911 | +109% |
| Income taxes | 67/77 | €4,461 | €9,401 | +€4,940 | +111% |
| Profit (loss) for the period | 9904 | €16,620 | €34,591 | +€17,972 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €16,620 | €34,591 | +€17,972 | +108% |
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.