By Eve: what changed
By Eve
Largest movements
- Cash +€157,138
up €157,138 (+137%), from €114,641 to €271,779
mainly Receivables within one year (+€92,611) and Net result for the year (+€77,495)
- Receivables within one year -€92,611
down €92,611 (-27.6%), from €335,569 to €242,958
of which Trade receivables: -€75,568
- Financial fixed assets +€50,950
up €50,950 (+813%), from €6,268 to €57,218
- Stocks and contracts -€30,407
down €30,407 (-8.2%), from €372,458 to €342,051
- Tangible fixed assets -€13,336
down €13,336 (-42.3%), from €31,490 to €18,154
of which Plant, machinery and equipment: -€9,211
- Reserves +€77,495
up €77,495 (+9.5%), from €814,187 to €891,682
- Trade debts -€30,068
down €30,068 (-80.3%), from €37,457 to €7,389
- Tax, wage and social debts +€12,931
up €12,931 (+28.1%), from €45,998 to €58,928
of which Remuneration and social security: +€7,848
- Gross operating margin +€106,932
up €106,932 (+21.1%), from €506,800 to €613,732
- Staff costs +€80,332
up €80,332 (+19.1%), from €420,256 to €500,588
- Taxes +€17,993
up €17,993 (+9,490%), from €190 to €18,183
- Financial charges -€8,576
down €8,576 (-67.8%), from €12,652 to €4,076
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €904,077 | €964,199 | +€60,122 | +6.7% |
| Fixed assets | 21/28 | €37,758 | €75,372 | +€37,614 | +99.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €31,490 | €18,154 | -€13,336 | -42.3% |
| Plant, machinery and equipment | 23 | €11,379 | €2,169 | -€9,211 | -80.9% |
| Furniture and vehicles | 24 | €3,639 | €2,855 | -€784 | -21.5% |
| Other tangible fixed assets | 26 | €16,471 | €13,130 | -€3,341 | -20.3% |
| Financial fixed assets | 28 | €6,268 | €57,218 | +€50,950 | +813% |
| Current assets | 29/58 | €866,320 | €888,827 | +€22,507 | +2.6% |
| Stocks and contracts in progress | 3 | €372,458 | €342,051 | -€30,407 | -8.2% |
| Stocks | 30/36 | €372,458 | €342,051 | -€30,407 | -8.2% |
| Amounts receivable within one year | 40/41 | €335,569 | €242,958 | -€92,611 | -27.6% |
| Trade receivables | 40 | €247,174 | €171,606 | -€75,568 | -30.6% |
| Other amounts receivable | 41 | €88,395 | €71,353 | -€17,042 | -19.3% |
| Cash at bank and in hand | 54/58 | €114,641 | €271,779 | +€157,138 | +137% |
| Deferred charges and accrued income | 490/1 | €43,651 | €32,038 | -€11,613 | -26.6% |
| Total equity and liabilities | 10/49 | €904,077 | €964,199 | +€60,122 | +6.7% |
| Equity | 10/15 | €820,387 | €897,882 | +€77,495 | +9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €814,187 | €891,682 | +€77,495 | +9.5% |
| Distributable reserves | 133 | €814,187 | €891,682 | +€77,495 | +9.5% |
| Amounts payable | 17/49 | €83,691 | €66,317 | -€17,374 | -20.8% |
| Amounts payable within one year | 42/48 | €83,455 | €66,317 | -€17,137 | -20.5% |
| Trade debts | 44 | €37,457 | €7,389 | -€30,068 | -80.3% |
| Suppliers | 440/4 | €37,457 | €7,389 | -€30,068 | -80.3% |
| Taxes, remuneration and social security | 45 | €45,998 | €58,928 | +€12,931 | +28.1% |
| Taxes | 450/3 | €591 | €5,673 | +€5,083 | +860% |
| Remuneration and social security | 454/9 | €45,407 | €53,255 | +€7,848 | +17.3% |
| Accrued charges and deferred income | 492/3 | €236 | €0 | -€236 | -100% |
| Remuneration, social security and pensions | 62 | €420,256 | €500,588 | +€80,332 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,715 | €13,336 | -€5,379 | -28.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,488 | €0 | -€2,488 | -100% |
| Other operating charges | 640/8 | €1,172 | €1,577 | +€405 | +34.5% |
| Gross operating margin | 9900 | €506,800 | €613,732 | +€106,932 | +21.1% |
| Operating profit (loss) | 9901 | €64,170 | €98,231 | +€34,062 | +53.1% |
| Financial income | 75/76B | €1,301 | €1,523 | +€222 | +17.1% |
| Recurring financial income | 75 | €1,301 | €1,523 | +€222 | +17.1% |
| Financial charges | 65/66B | €12,652 | €4,076 | -€8,576 | -67.8% |
| Recurring financial charges | 65 | €12,652 | €4,076 | -€8,576 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €52,819 | €95,678 | +€42,860 | +81.1% |
| Income taxes | 67/77 | €190 | €18,183 | +€17,993 | +9,490% |
| Profit (loss) for the period | 9904 | €52,629 | €77,495 | +€24,866 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,629 | €77,495 | +€24,866 | +47.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.