E.V.C.: 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.C.
Largest movements
- Cash -€56,047
down €56,047 (-53.2%), from €105,271 to €49,224
mainly Net result for the year (-€106,062) and Trade debts (-€70,082)
- Stocks and contracts -€35,944
down €35,944 (-55.7%), from €64,514 to €28,570
- Receivables within one year -€25,519
down €25,519 (-48.5%), from €52,628 to €27,109
of which Other amounts receivable: -€13,640
- Tangible fixed assets -€7,131
down €7,131 (-12.2%), from €58,301 to €51,170
of which Furniture and vehicles: -€8,585
- Profit (loss) carried forward -€106,062
new in 2025: -€106,062
- Trade debts -€70,082
down €70,082 (-79.2%), from €88,465 to €18,382
- Advances received +€48,945
new in 2025: €48,945
- Current portion of long-term debt +€5,293
up €5,293 (+70.3%), from €7,527 to €12,820
- Gross operating margin -€105,744
down €105,744 (-22.8%), from €463,968 to €358,224
- Staff costs +€15,079
up €15,079 (+4.2%), from €360,805 to €375,884
- Financial charges -€14,918
down €14,918 (-21.3%), from €69,941 to €55,023
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 | €280,713 | €156,262 | -€124,452 | -44.3% |
| Fixed assets | 21/28 | €58,301 | €51,170 | -€7,131 | -12.2% |
| Tangible fixed assets | 22/27 | €58,301 | €51,170 | -€7,131 | -12.2% |
| Plant, machinery and equipment | 23 | €46,993 | €48,448 | +€1,455 | +3.1% |
| Furniture and vehicles | 24 | €11,308 | €2,723 | -€8,585 | -75.9% |
| Current assets | 29/58 | €222,412 | €105,092 | -€117,321 | -52.7% |
| Stocks and contracts in progress | 3 | €64,514 | €28,570 | -€35,944 | -55.7% |
| Stocks | 30/36 | €64,514 | €28,570 | -€35,944 | -55.7% |
| Amounts receivable within one year | 40/41 | €52,628 | €27,109 | -€25,519 | -48.5% |
| Trade receivables | 40 | €37,258 | €25,379 | -€11,879 | -31.9% |
| Other amounts receivable | 41 | €15,370 | €1,730 | -€13,640 | -88.7% |
| Cash at bank and in hand | 54/58 | €105,271 | €49,224 | -€56,047 | -53.2% |
| Deferred charges and accrued income | 490/1 | - | €189 | +€189 | |
| Total equity and liabilities | 10/49 | €280,713 | €156,262 | -€124,452 | -44.3% |
| Equity | 10/15 | €142,033 | €35,971 | -€106,062 | -74.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €92,033 | €92,033 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,226 | €20,226 | = | 0.0% |
| Other | 1319 | €20,226 | €20,226 | = | 0.0% |
| Distributable reserves | 133 | €71,806 | €71,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€106,062 | -€106,062 | |
| Amounts payable | 17/49 | €138,681 | €120,291 | -€18,390 | -13.3% |
| Amounts payable after more than one year | 17 | €17,471 | €16,267 | -€1,204 | -6.9% |
| Financial debts | 170/4 | €17,471 | €16,267 | -€1,204 | -6.9% |
| Amounts payable within one year | 42/48 | €121,210 | €104,024 | -€17,186 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €7,527 | €12,820 | +€5,293 | +70.3% |
| Trade debts | 44 | €88,465 | €18,382 | -€70,082 | -79.2% |
| Suppliers | 440/4 | €88,465 | €18,382 | -€70,082 | -79.2% |
| Advances received on contracts in progress | 46 | - | €48,945 | +€48,945 | |
| Taxes, remuneration and social security | 45 | €19,653 | €18,312 | -€1,342 | -6.8% |
| Taxes | 450/3 | €3,630 | €1,280 | -€2,350 | -64.7% |
| Remuneration and social security | 454/9 | €16,024 | €17,032 | +€1,009 | +6.3% |
| Other amounts payable | 47/48 | €5,565 | €5,565 | = | 0.0% |
| Non-recurring operating income | 76A | - | €5,704 | +€5,704 | |
| Remuneration, social security and pensions | 62 | €360,805 | €375,884 | +€15,079 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,156 | €21,055 | -€101 | -0.5% |
| Other operating charges | 640/8 | €4,108 | €2,352 | -€1,756 | -42.7% |
| Non-recurring operating charges | 66A | €27,655 | €9,758 | -€17,898 | -64.7% |
| Gross operating margin | 9900 | €463,968 | €358,224 | -€105,744 | -22.8% |
| Operating profit (loss) | 9901 | €50,244 | -€50,825 | -€101,068 | |
| Financial income | 75/76B | €1,076 | €4,057 | +€2,981 | +277% |
| Recurring financial income | 75 | €1,076 | €4,057 | +€2,981 | +277% |
| Financial charges | 65/66B | €69,941 | €55,023 | -€14,918 | -21.3% |
| Recurring financial charges | 65 | €69,941 | €55,023 | -€14,918 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,620 | -€101,791 | -€83,170 | -447% |
| Income taxes | 67/77 | €3,060 | €4,271 | +€1,211 | +39.6% |
| Profit (loss) for the period | 9904 | -€21,681 | -€106,062 | -€84,381 | -389% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,681 | -€106,062 | -€84,381 | -389% |
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 13 October 2026 via checked.be.