E.V.D.: what changed
Two fiscal 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.D.
Largest movements
- Cash +€34,214
up €34,214 (+13.9%), from €245,412 to €279,626
mainly Net result for the year (+€27,645) and Depreciation (+€16,295)
- Tangible fixed assets -€13,470
down €13,470 (-11.2%), from €119,756 to €106,286
of which Furniture and vehicles: -€9,018
- Reserves +€26,812
up €26,812 (+13.3%), from €202,007 to €228,819
of which Distributable reserves: +€26,812
- Gross operating margin +€3,833
up €3,833 (+6.0%), from €64,230 to €68,063
- Depreciation +€925
up €925 (+6.0%), from €15,370 to €16,295
- Taxes +€857
up €857 (+7.9%), from €10,877 to €11,734
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 | €392,131 | €413,898 | +€21,766 | +5.6% |
| Fixed assets | 21/28 | €121,256 | €107,786 | -€13,470 | -11.1% |
| Tangible fixed assets | 22/27 | €119,756 | €106,286 | -€13,470 | -11.2% |
| Land and buildings | 22 | €81,984 | €77,951 | -€4,034 | -4.9% |
| Furniture and vehicles | 24 | €37,131 | €28,112 | -€9,018 | -24.3% |
| Other tangible fixed assets | 26 | €641 | €223 | -€419 | -65.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €270,875 | €306,112 | +€35,237 | +13.0% |
| Amounts receivable within one year | 40/41 | €16,598 | €16,887 | +€289 | +1.7% |
| Trade receivables | 40 | €16,001 | €16,185 | +€184 | +1.1% |
| Other amounts receivable | 41 | €597 | €702 | +€105 | +17.6% |
| Cash at bank and in hand | 54/58 | €245,412 | €279,626 | +€34,214 | +13.9% |
| Deferred charges and accrued income | 490/1 | €8,865 | €9,598 | +€734 | +8.3% |
| Total equity and liabilities | 10/49 | €392,131 | €413,898 | +€21,766 | +5.6% |
| Equity | 10/15 | €221,007 | €247,819 | +€26,812 | +12.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €202,007 | €228,819 | +€26,812 | +13.3% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €200,107 | €226,919 | +€26,812 | +13.4% |
| Amounts payable | 17/49 | €171,124 | €166,079 | -€5,045 | -2.9% |
| Amounts payable within one year | 42/48 | €171,124 | €166,079 | -€5,045 | -2.9% |
| Trade debts | 44 | €12,181 | €11,383 | -€798 | -6.6% |
| Suppliers | 440/4 | €12,181 | €11,383 | -€798 | -6.6% |
| Taxes, remuneration and social security | 45 | €4,508 | €3,740 | -€768 | -17.0% |
| Taxes | 450/3 | €4,508 | €3,740 | -€768 | -17.0% |
| Other amounts payable | 47/48 | €154,435 | €150,956 | -€3,479 | -2.3% |
| Remuneration, social security and pensions | 62 | €2,411 | €2,492 | +€81 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,370 | €16,295 | +€925 | +6.0% |
| Other operating charges | 640/8 | €917 | €943 | +€26 | +2.8% |
| Gross operating margin | 9900 | €64,230 | €68,063 | +€3,833 | +6.0% |
| Operating profit (loss) | 9901 | €45,533 | €48,333 | +€2,801 | +6.2% |
| Financial income | 75/76B | €1,748 | €2,248 | +€500 | +28.6% |
| Recurring financial income | 75 | €1,748 | €2,248 | +€500 | +28.6% |
| Financial charges | 65/66B | €11,515 | €11,203 | -€312 | -2.7% |
| Recurring financial charges | 65 | €11,515 | €11,203 | -€312 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €35,765 | €39,379 | +€3,614 | +10.1% |
| Income taxes | 67/77 | €10,877 | €11,734 | +€857 | +7.9% |
| Profit (loss) for the period | 9904 | €24,888 | €27,645 | +€2,756 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,888 | €27,645 | +€2,756 | +11.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.