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
- Receivables within one year -€43,651
down €43,651 (-45.3%), from €96,255 to €52,604
of which Trade receivables: -€40,786
- Cash +€6,044
up €6,044 (+1213.1%), from €498 to €6,542
mainly Receivables within one year (+€43,651) and Short-term financial debts (+€11,211)
- Tangible fixed assets -€1,772
down €1,772 (-31.1%), from €5,702 to €3,930
of which Other tangible fixed assets: -€2,355
- Other debts -€19,720
down €19,720 (-36.6%), from €53,931 to €34,211
- Trade debts -€15,286
down €15,286 (-33.0%), from €46,340 to €31,054
- Short-term financial debts +€11,211
up €11,211 (+58.9%), from €19,032 to €30,244
- Debts after one year -€6,106
no longer reported in 2025 (was €6,106)
- Tax, wage and social debts -€4,157
down €4,157 (-61.4%), from €6,774 to €2,618
- Gross operating margin -€36,589
down €36,589 (-55.2%), from €66,286 to €29,697
- Staff costs -€23,275
down €23,275 (-55.3%), from €42,076 to €18,801
- Financial charges +€1,585
up €1,585 (+25.4%), from €6,231 to €7,816
- Other operating charges -€804
down €804 (-47.3%), from €1,698 to €894
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 | €143,705 | €103,917 | -€39,788 | -27.7% |
| Fixed assets | 21/28 | €6,778 | €5,006 | -€1,772 | -26.1% |
| Tangible fixed assets | 22/27 | €5,702 | €3,930 | -€1,772 | -31.1% |
| Plant, machinery and equipment | 23 | €172 | €1,886 | +€1,715 | +998.1% |
| Furniture and vehicles | 24 | €3,175 | €2,044 | -€1,131 | -35.6% |
| Other tangible fixed assets | 26 | €2,355 | - | -€2,355 | |
| Financial fixed assets | 28 | €1,076 | €1,076 | = | 0.0% |
| Current assets | 29/58 | €136,927 | €98,911 | -€38,016 | -27.8% |
| Stocks and contracts in progress | 3 | €39,813 | €38,929 | -€884 | -2.2% |
| Stocks | 30/36 | €39,813 | €38,929 | -€884 | -2.2% |
| Amounts receivable within one year | 40/41 | €96,255 | €52,604 | -€43,651 | -45.3% |
| Trade receivables | 40 | €89,431 | €48,645 | -€40,786 | -45.6% |
| Other amounts receivable | 41 | €6,823 | €3,959 | -€2,864 | -42.0% |
| Cash at bank and in hand | 54/58 | €498 | €6,542 | +€6,044 | +1213.1% |
| Deferred charges and accrued income | 490/1 | €361 | €836 | +€475 | +131.6% |
| Total equity and liabilities | 10/49 | €143,705 | €103,917 | -€39,788 | -27.7% |
| Equity | 10/15 | €2,085 | -€316 | -€2,401 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,926 | €4,926 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,066 | €3,066 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,441 | -€23,842 | -€2,401 | -11.2% |
| Amounts payable | 17/49 | €141,620 | €104,233 | -€37,387 | -26.4% |
| Amounts payable after more than one year | 17 | €6,106 | - | -€6,106 | |
| Financial debts | 170/4 | €6,106 | - | -€6,106 | |
| Amounts payable within one year | 42/48 | €135,513 | €104,233 | -€31,280 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €7,978 | €6,106 | -€1,871 | -23.5% |
| Financial debts | 43 | €19,032 | €30,244 | +€11,211 | +58.9% |
| Credit institutions | 430/8 | €19,032 | €30,244 | +€11,211 | +58.9% |
| Trade debts | 44 | €46,340 | €31,054 | -€15,286 | -33.0% |
| Suppliers | 440/4 | €46,340 | €31,054 | -€15,286 | -33.0% |
| Advances received on contracts in progress | 46 | €1,458 | - | -€1,458 | |
| Taxes, remuneration and social security | 45 | €6,774 | €2,618 | -€4,157 | -61.4% |
| Remuneration and social security | 454/9 | €6,774 | €2,618 | -€4,157 | -61.4% |
| Other amounts payable | 47/48 | €53,931 | €34,211 | -€19,720 | -36.6% |
| Non-recurring operating income | 76A | €2,186 | €1,001 | -€1,185 | -54.2% |
| Remuneration, social security and pensions | 62 | €42,076 | €18,801 | -€23,275 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,355 | €4,588 | +€233 | +5.4% |
| Other operating charges | 640/8 | €1,698 | €894 | -€804 | -47.3% |
| Gross operating margin | 9900 | €66,286 | €29,697 | -€36,589 | -55.2% |
| Operating profit (loss) | 9901 | €18,158 | €5,414 | -€12,744 | -70.2% |
| Financial income | 75/76B | €25 | €1 | -€24 | -97.1% |
| Recurring financial income | 75 | €25 | €1 | -€24 | -97.1% |
| Financial charges | 65/66B | €6,231 | €7,816 | +€1,585 | +25.4% |
| Recurring financial charges | 65 | €6,231 | €7,816 | +€1,585 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €11,952 | -€2,401 | -€14,353 | |
| Profit (loss) for the period | 9904 | €11,952 | -€2,401 | -€14,353 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,952 | -€2,401 | -€14,353 |
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 9 October 2026 via checked.be.