E. & 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. & V.
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€10,520
down €10,520 (-16.8%), from €62,501 to €51,981
of which Financial debts: -€13,380
- Profit (loss) carried forward +€7,613
up €7,613 (+5.3%), from €144,753 to €152,365
- Gross operating margin +€9,400
up €9,400 (+221%), from €4,258 to €13,658
- Taxes +€1,994
new in 2025: €1,994
- Other operating charges -€367
down €367 (-29.6%), from €1,241 to €874
- Financial charges -€197
down €197 (-8.6%), from €2,294 to €2,096
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 | €305,345 | €302,144 | -€3,202 | -1.0% |
| Fixed assets | 21/28 | €300,625 | €299,544 | -€1,081 | -0.4% |
| Tangible fixed assets | 22/27 | €3,153 | €2,072 | -€1,081 | -34.3% |
| Plant, machinery and equipment | 23 | €3,153 | €2,072 | -€1,081 | -34.3% |
| Financial fixed assets | 28 | €297,472 | €297,472 | = | 0.0% |
| Current assets | 29/58 | €4,721 | €2,600 | -€2,121 | -44.9% |
| Amounts receivable within one year | 40/41 | €2,319 | €799 | -€1,520 | -65.5% |
| Trade receivables | 40 | €1,048 | €460 | -€588 | -56.1% |
| Other amounts receivable | 41 | €1,271 | €339 | -€931 | -73.3% |
| Cash at bank and in hand | 54/58 | €155 | €436 | +€281 | +181% |
| Deferred charges and accrued income | 490/1 | €2,247 | €1,364 | -€883 | -39.3% |
| Total equity and liabilities | 10/49 | €305,345 | €302,144 | -€3,202 | -1.0% |
| Equity | 10/15 | €181,393 | €189,006 | +€7,613 | +4.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €16,180 | €16,180 | = | 0.0% |
| Distributable reserves | 133 | €16,180 | €16,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,753 | €152,365 | +€7,613 | +5.3% |
| Amounts payable | 17/49 | €123,952 | €113,138 | -€10,814 | -8.7% |
| Amounts payable after more than one year | 17 | €62,501 | €51,981 | -€10,520 | -16.8% |
| Financial debts | 170/4 | €34,564 | €21,184 | -€13,380 | -38.7% |
| Other amounts payable | 178/9 | €27,937 | €30,796 | +€2,859 | +10.2% |
| Amounts payable within one year | 42/48 | €61,451 | €61,157 | -€294 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €13,380 | €13,380 | = | 0.0% |
| Trade debts | 44 | €1,773 | €1,855 | +€82 | +4.6% |
| Suppliers | 440/4 | €1,773 | €1,855 | +€82 | +4.6% |
| Taxes, remuneration and social security | 45 | €939 | €2,523 | +€1,584 | +169% |
| Taxes | 450/3 | €939 | €2,523 | +€1,584 | +169% |
| Other amounts payable | 47/48 | €45,360 | €43,399 | -€1,960 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,081 | €1,081 | = | 0.0% |
| Other operating charges | 640/8 | €1,241 | €874 | -€367 | -29.6% |
| Gross operating margin | 9900 | €4,258 | €13,658 | +€9,400 | +221% |
| Operating profit (loss) | 9901 | €1,936 | €11,703 | +€9,767 | +504% |
| Financial charges | 65/66B | €2,294 | €2,096 | -€197 | -8.6% |
| Recurring financial charges | 65 | €2,294 | €2,096 | -€197 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€357 | €9,607 | +€9,964 | |
| Income taxes | 67/77 | - | €1,994 | +€1,994 | |
| Profit (loss) for the period | 9904 | -€357 | €7,613 | +€7,970 | |
| Profit (loss) for the period to be appropriated | 9905 | -€357 | €7,613 | +€7,970 |
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 20 October 2026 via checked.be.