BEVOLVE: what changed
Two fiscal 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.
BEVOLVE
Largest movements
- Cash +€92,815
up €92,815 (+40.8%), from €227,232 to €320,047
mainly Net result for the year (+€84,843) and Debts after one year (+€54,382)
- Tangible fixed assets +€43,635
up €43,635 (+14.7%), from €296,980 to €340,615
of which Land and buildings: +€44,670
- Reserves +€84,843
up €84,843 (+27.2%), from €311,498 to €396,341
- Debts after one year +€54,382
up €54,382 (+19.5%), from €279,535 to €333,916
of which Financial debts: +€54,382
- Trade debts +€8,467
up €8,467 (+73.7%), from €11,495 to €19,962
- Depreciation -€50,357
down €50,357 (-77.1%), from €65,349 to €14,992
- Gross operating margin -€31,477
down €31,477 (-17.3%), from €181,932 to €150,455
- Financial charges +€7,730
up €7,730 (+133.8%), from €5,777 to €13,508
- Other operating charges +€6,532
up €6,532 (+94.6%), from €6,908 to €13,440
- Taxes +€4,022
up €4,022 (+18.1%), from €22,163 to €26,184
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.
Cash bridge derived
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 | €649,937 | €787,015 | +€137,079 | +21.1% |
| Fixed assets | 21/28 | €296,980 | €340,615 | +€43,635 | +14.7% |
| Tangible fixed assets | 22/27 | €296,980 | €340,615 | +€43,635 | +14.7% |
| Land and buildings | 22 | €266,328 | €310,999 | +€44,670 | +16.8% |
| Plant, machinery and equipment | 23 | €9,430 | €9,070 | -€360 | -3.8% |
| Furniture and vehicles | 24 | €21,221 | €16,428 | -€4,793 | -22.6% |
| Assets under construction and advance payments | 27 | - | €4,117 | +€4,117 | |
| Current assets | 29/58 | €352,957 | €446,401 | +€93,443 | +26.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €2,506 | +€2,506 | |
| Stocks | 30/36 | - | €2,506 | +€2,506 | |
| Amounts receivable within one year | 40/41 | €74,760 | €73,848 | -€912 | -1.2% |
| Trade receivables | 40 | €60,376 | €61,562 | +€1,186 | +2.0% |
| Other amounts receivable | 41 | €14,384 | €12,286 | -€2,098 | -14.6% |
| Cash at bank and in hand | 54/58 | €227,232 | €320,047 | +€92,815 | +40.8% |
| Deferred charges and accrued income | 490/1 | €966 | - | -€966 | |
| Total equity and liabilities | 10/49 | €649,937 | €787,015 | +€137,079 | +21.1% |
| Equity | 10/15 | €330,098 | €414,941 | +€84,843 | +25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €311,498 | €396,341 | +€84,843 | +27.2% |
| Distributable reserves | 133 | €311,498 | €396,341 | +€84,843 | +27.2% |
| Amounts payable | 17/49 | €319,838 | €372,074 | +€52,236 | +16.3% |
| Amounts payable after more than one year | 17 | €279,535 | €333,916 | +€54,382 | +19.5% |
| Financial debts | 170/4 | €204,535 | €258,916 | +€54,382 | +26.6% |
| Trade debts | 175 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,304 | €38,158 | -€2,146 | -5.3% |
| Trade debts | 44 | €11,495 | €19,962 | +€8,467 | +73.7% |
| Suppliers | 440/4 | €11,495 | €19,962 | +€8,467 | +73.7% |
| Taxes, remuneration and social security | 45 | €12,811 | €7,893 | -€4,917 | -38.4% |
| Taxes | 450/3 | €10,161 | €7,893 | -€2,267 | -22.3% |
| Remuneration and social security | 454/9 | €2,650 | - | -€2,650 | |
| Other amounts payable | 47/48 | €15,998 | €10,303 | -€5,696 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,349 | €14,992 | -€50,357 | -77.1% |
| Other operating charges | 640/8 | €6,908 | €13,440 | +€6,532 | +94.6% |
| Gross operating margin | 9900 | €181,932 | €150,455 | -€31,477 | -17.3% |
| Operating profit (loss) | 9901 | €109,675 | €122,023 | +€12,348 | +11.3% |
| Financial income | 75/76B | €4,786 | €2,512 | -€2,274 | -47.5% |
| Recurring financial income | 75 | €4,786 | €2,512 | -€2,274 | -47.5% |
| Financial charges | 65/66B | €5,777 | €13,508 | +€7,730 | +133.8% |
| Recurring financial charges | 65 | €5,777 | €13,508 | +€7,730 | +133.8% |
| Profit (loss) for the period before taxes | 9903 | €108,684 | €111,027 | +€2,343 | +2.2% |
| Income taxes | 67/77 | €22,163 | €26,184 | +€4,022 | +18.1% |
| Profit (loss) for the period | 9904 | €86,521 | €84,843 | -€1,678 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,521 | €84,843 | -€1,678 | -1.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.