E.A.V.: 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.
E.A.V.
Largest movements
- Receivables within one year +€896,856
up €896,856 (+55.6%), from €1.6m to €2.5m
of which Other amounts receivable: +€862,836
- Stocks and contracts -€150,086
down €150,086 (-15.6%), from €959,795 to €809,709
- Cash +€92,350
up €92,350 (+133.7%), from €69,082 to €161,432
mainly Trade debts (+€551,029) and Net result for the year (+€180,581)
- Trade debts +€551,029
up €551,029 (+65.0%), from €848,151 to €1.4m
- Profit (loss) carried forward +€180,581
new in 2025: €180,581
- Advances received +€113,573
up €113,573 (+16294.5%), from €697 to €114,270
- Tax, wage and social debts -€65,732
down €65,732 (-32.2%), from €204,164 to €138,432
of which Taxes: -€50,225
- Gross operating margin -€152,430
down €152,430 (-12.2%), from €1.2m to €1.1m
- Taxes -€37,390
down €37,390 (-37.5%), from €99,766 to €62,376
- Write-downs +€24,568
up €24,568 (+34.1%), from €71,995 to €96,563
- Financial income +€15,768
up €15,768 (+178.6%), from €8,830 to €24,598
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 | €2,744,549 | €3,561,792 | +€817,243 | +29.8% |
| Fixed assets | 21/28 | €102,868 | €80,991 | -€21,877 | -21.3% |
| Tangible fixed assets | 22/27 | €100,722 | €78,845 | -€21,877 | -21.7% |
| Land and buildings | 22 | €60,645 | €52,939 | -€7,706 | -12.7% |
| Plant, machinery and equipment | 23 | €5,426 | €3,482 | -€1,944 | -35.8% |
| Furniture and vehicles | 24 | €34,651 | €22,424 | -€12,227 | -35.3% |
| Financial fixed assets | 28 | €2,146 | €2,146 | = | 0.0% |
| Current assets | 29/58 | €2,641,681 | €3,480,801 | +€839,120 | +31.8% |
| Stocks and contracts in progress | 3 | €959,795 | €809,709 | -€150,086 | -15.6% |
| Stocks | 30/36 | €959,795 | €809,709 | -€150,086 | -15.6% |
| Amounts receivable within one year | 40/41 | €1,612,804 | €2,509,660 | +€896,856 | +55.6% |
| Trade receivables | 40 | €1,025,380 | €1,059,400 | +€34,020 | +3.3% |
| Other amounts receivable | 41 | €587,424 | €1,450,260 | +€862,836 | +146.9% |
| Cash at bank and in hand | 54/58 | €69,082 | €161,432 | +€92,350 | +133.7% |
| Total equity and liabilities | 10/49 | €2,744,549 | €3,561,792 | +€817,243 | +29.8% |
| Equity | 10/15 | €1,718,125 | €1,898,706 | +€180,581 | +10.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,656,125 | €1,656,125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,649,925 | €1,649,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €180,581 | +€180,581 | |
| Amounts payable | 17/49 | €1,026,424 | €1,663,086 | +€636,662 | +62.0% |
| Amounts payable within one year | 42/48 | €1,024,424 | €1,654,389 | +€629,965 | +61.5% |
| Trade debts | 44 | €848,151 | €1,399,180 | +€551,029 | +65.0% |
| Suppliers | 440/4 | €848,151 | €1,399,180 | +€551,029 | +65.0% |
| Advances received on contracts in progress | 46 | €697 | €114,270 | +€113,573 | +16294.5% |
| Taxes, remuneration and social security | 45 | €204,164 | €138,432 | -€65,732 | -32.2% |
| Taxes | 450/3 | €102,005 | €51,780 | -€50,225 | -49.2% |
| Remuneration and social security | 454/9 | €102,159 | €86,652 | -€15,507 | -15.2% |
| Other amounts payable | 47/48 | -€28,588 | €2,507 | +€31,095 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €8,697 | +€6,697 | +334.9% |
| Non-recurring operating income | 76A | €27,561 | - | -€27,561 | |
| Remuneration, social security and pensions | 62 | €753,987 | €745,338 | -€8,649 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,851 | €21,877 | -€1,974 | -8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €71,995 | €96,563 | +€24,568 | +34.1% |
| Other operating charges | 640/8 | €6,378 | €6,804 | +€426 | +6.7% |
| Gross operating margin | 9900 | €1,249,171 | €1,096,741 | -€152,430 | -12.2% |
| Operating profit (loss) | 9901 | €392,960 | €226,159 | -€166,801 | -42.4% |
| Financial income | 75/76B | €8,830 | €24,598 | +€15,768 | +178.6% |
| Recurring financial income | 75 | €8,830 | €24,598 | +€15,768 | +178.6% |
| Financial charges | 65/66B | €12,163 | €7,800 | -€4,363 | -35.9% |
| Recurring financial charges | 65 | €12,163 | €7,800 | -€4,363 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €389,627 | €242,957 | -€146,670 | -37.6% |
| Income taxes | 67/77 | €99,766 | €62,376 | -€37,390 | -37.5% |
| Profit (loss) for the period | 9904 | €289,861 | €180,581 | -€109,280 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €289,861 | €180,581 | -€109,280 | -37.7% |
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 11 October 2026 via checked.be.