Séverine 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.
Séverine Evrard
Largest movements
- Receivables within one year +€106,035
up €106,035 (+170%), from €62,215 to €168,251
of which Trade receivables: +€106,179
- Cash +€28,078
up €28,078 (+176%), from €15,909 to €43,987
mainly Trade debts (+€70,640) and Net result for the year (+€31,303)
- Deferred charges and accrued income -€6,500
down €6,500 (-81.3%), from €8,000 to €1,500
- Tangible fixed assets -€4,512
down €4,512 (-48.1%), from €9,380 to €4,868
of which Furniture and vehicles: -€4,459
- Trade debts +€70,640
up €70,640 (+6,434%), from €1,098 to €71,738
- Profit (loss) carried forward +€31,303
up €31,303, from -€26,602 to €4,702
- Tax, wage and social debts +€19,354
up €19,354 (+164%), from €11,827 to €31,181
- Accrued charges and deferred income +€19,000
new in 2025: €19,000
- Other debts -€10,880
down €10,880 (-20.3%), from €53,644 to €42,765
- Gross operating margin +€40,584
up €40,584 (+149%), from €27,250 to €67,834
- Other operating charges +€18,706
up €18,706 (+3,748%), from €499 to €19,205
- Taxes +€9,744
up €9,744 (+717%), from €1,359 to €11,103
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 | €96,131 | €218,994 | +€122,863 | +128% |
| Fixed assets | 21/28 | €10,006 | €5,256 | -€4,750 | -47.5% |
| Intangible fixed assets | 21 | €626 | €388 | -€238 | -38.0% |
| Tangible fixed assets | 22/27 | €9,380 | €4,868 | -€4,512 | -48.1% |
| Furniture and vehicles | 24 | €9,200 | €4,741 | -€4,459 | -48.5% |
| Other tangible fixed assets | 26 | €180 | €127 | -€53 | -29.4% |
| Current assets | 29/58 | €86,125 | €213,738 | +€127,613 | +148% |
| Amounts receivable within one year | 40/41 | €62,215 | €168,251 | +€106,035 | +170% |
| Trade receivables | 40 | €62,071 | €168,251 | +€106,179 | +171% |
| Other amounts receivable | 41 | €144 | - | -€144 | |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,909 | €43,987 | +€28,078 | +176% |
| Deferred charges and accrued income | 490/1 | €8,000 | €1,500 | -€6,500 | -81.3% |
| Total equity and liabilities | 10/49 | €96,131 | €218,994 | +€122,863 | +128% |
| Equity | 10/15 | €23,006 | €54,309 | +€31,303 | +136% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,008 | €31,008 | = | 0.0% |
| 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 | €29,148 | €29,148 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,602 | €4,702 | +€31,303 | |
| Amounts payable | 17/49 | €73,125 | €164,684 | +€91,559 | +125% |
| Amounts payable within one year | 42/48 | €73,125 | €145,684 | +€72,559 | +99.2% |
| Current portion of amounts payable after more than one year | 42 | €4,959 | - | -€4,959 | |
| Trade debts | 44 | €1,098 | €71,738 | +€70,640 | +6,434% |
| Suppliers | 440/4 | €1,098 | €71,738 | +€70,640 | +6,434% |
| Advances received on contracts in progress | 46 | €1,597 | - | -€1,597 | |
| Taxes, remuneration and social security | 45 | €11,827 | €31,181 | +€19,354 | +164% |
| Taxes | 450/3 | €11,827 | €31,181 | +€19,354 | +164% |
| Other amounts payable | 47/48 | €53,644 | €42,765 | -€10,880 | -20.3% |
| Accrued charges and deferred income | 492/3 | - | €19,000 | +€19,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,831 | €5,510 | -€321 | -5.5% |
| Other operating charges | 640/8 | €499 | €19,205 | +€18,706 | +3,748% |
| Gross operating margin | 9900 | €27,250 | €67,834 | +€40,584 | +149% |
| Operating profit (loss) | 9901 | €20,920 | €43,120 | +€22,199 | +106% |
| Financial income | 75/76B | €2 | €59 | +€58 | +3,344% |
| Recurring financial income | 75 | €2 | €59 | +€58 | +3,344% |
| Financial charges | 65/66B | €1,334 | €773 | -€560 | -42.0% |
| Recurring financial charges | 65 | €1,334 | €773 | -€560 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €19,588 | €42,406 | +€22,817 | +116% |
| Income taxes | 67/77 | €1,359 | €11,103 | +€9,744 | +717% |
| Profit (loss) for the period | 9904 | €18,230 | €31,303 | +€13,074 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,230 | €31,303 | +€13,074 | +71.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.