E.V.I.: 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.I.
Largest movements
- Cash +€58,340
up €58,340 (+84.6%), from €68,975 to €127,314
mainly Net result for the year (+€77,779) and Advances received (+€58,000)
- Tangible fixed assets -€40,802
down €40,802 (-12.2%), from €333,676 to €292,874
of which Furniture and vehicles: -€33,669
- Receivables within one year -€31,122
down €31,122 (-21.0%), from €148,199 to €117,076
of which Other amounts receivable: -€23,227
- Reserves +€66,597
up €66,597 (+30.3%), from €219,831 to €286,428
- Trade debts -€61,778
down €61,778 (-32.8%), from €188,403 to €126,625
- Advances received +€58,000
new in 2025: €58,000
- Debts after one year -€51,876
down €51,876 (-39.2%), from €132,463 to €80,587
- Current portion of long-term debt -€11,204
down €11,204 (-17.8%), from €63,080 to €51,876
- Write-downs -€18,562
no longer reported in 2025 (was €18,562)
- Gross operating margin -€18,174
down €18,174 (-4.3%), from €424,040 to €405,866
- Staff costs -€6,727
down €6,727 (-3.0%), from €225,390 to €218,662
- Depreciation +€6,142
up €6,142 (+11.9%), from €51,690 to €57,832
- Financial income -€4,640
down €4,640 (-69.6%), from €6,669 to €2,028
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 | €722,094 | €713,249 | -€8,845 | -1.2% |
| Fixed assets | 21/28 | €333,676 | €292,874 | -€40,802 | -12.2% |
| Tangible fixed assets | 22/27 | €333,676 | €292,874 | -€40,802 | -12.2% |
| Land and buildings | 22 | €215,726 | €205,184 | -€10,542 | -4.9% |
| Plant, machinery and equipment | 23 | €6,473 | €11,261 | +€4,789 | +74.0% |
| Furniture and vehicles | 24 | €107,339 | €73,670 | -€33,669 | -31.4% |
| Other tangible fixed assets | 26 | €4,138 | €2,759 | -€1,379 | -33.3% |
| Current assets | 29/58 | €388,418 | €420,374 | +€31,956 | +8.2% |
| Stocks and contracts in progress | 3 | €154,116 | €159,742 | +€5,626 | +3.7% |
| Stocks | 30/36 | €154,116 | €159,742 | +€5,626 | +3.7% |
| Amounts receivable within one year | 40/41 | €148,199 | €117,076 | -€31,122 | -21.0% |
| Trade receivables | 40 | €98,803 | €90,907 | -€7,896 | -8.0% |
| Other amounts receivable | 41 | €49,396 | €26,170 | -€23,227 | -47.0% |
| Cash at bank and in hand | 54/58 | €68,975 | €127,314 | +€58,340 | +84.6% |
| Deferred charges and accrued income | 490/1 | €17,128 | €16,241 | -€887 | -5.2% |
| Total equity and liabilities | 10/49 | €722,094 | €713,249 | -€8,845 | -1.2% |
| Equity | 10/15 | €267,696 | €334,293 | +€66,597 | +24.9% |
| Revaluation surpluses | 12 | €47,865 | €47,865 | = | 0.0% |
| Reserves | 13 | €219,831 | €286,428 | +€66,597 | +30.3% |
| Distributable reserves | 133 | €219,831 | €286,428 | +€66,597 | +30.3% |
| Amounts payable | 17/49 | €454,398 | €378,955 | -€75,443 | -16.6% |
| Amounts payable after more than one year | 17 | €132,463 | €80,587 | -€51,876 | -39.2% |
| Financial debts | 170/4 | €132,463 | €80,587 | -€51,876 | -39.2% |
| Amounts payable within one year | 42/48 | €317,449 | €293,340 | -€24,109 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €63,080 | €51,876 | -€11,204 | -17.8% |
| Trade debts | 44 | €188,403 | €126,625 | -€61,778 | -32.8% |
| Suppliers | 440/4 | €188,403 | €126,625 | -€61,778 | -32.8% |
| Advances received on contracts in progress | 46 | - | €58,000 | +€58,000 | |
| Taxes, remuneration and social security | 45 | €30,055 | €21,818 | -€8,238 | -27.4% |
| Taxes | 450/3 | €6,048 | €6,851 | +€803 | +13.3% |
| Remuneration and social security | 454/9 | €24,007 | €14,967 | -€9,040 | -37.7% |
| Other amounts payable | 47/48 | €35,910 | €35,021 | -€890 | -2.5% |
| Accrued charges and deferred income | 492/3 | €4,486 | €5,029 | +€543 | +12.1% |
| Remuneration, social security and pensions | 62 | €225,390 | €218,662 | -€6,727 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,690 | €57,832 | +€6,142 | +11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,562 | - | -€18,562 | |
| Other operating charges | 640/8 | €9,180 | €7,758 | -€1,422 | -15.5% |
| Gross operating margin | 9900 | €424,040 | €405,866 | -€18,174 | -4.3% |
| Operating profit (loss) | 9901 | €119,217 | €121,613 | +€2,396 | +2.0% |
| Financial income | 75/76B | €6,669 | €2,028 | -€4,640 | -69.6% |
| Recurring financial income | 75 | €6,669 | €2,028 | -€4,640 | -69.6% |
| Financial charges | 65/66B | €13,381 | €11,389 | -€1,992 | -14.9% |
| Recurring financial charges | 65 | €13,381 | €11,389 | -€1,992 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €112,505 | €112,252 | -€253 | -0.2% |
| Income taxes | 67/77 | €34,093 | €34,473 | +€380 | +1.1% |
| Profit (loss) for the period | 9904 | €78,412 | €77,779 | -€633 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,412 | €77,779 | -€633 | -0.8% |
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 18 October 2026 via checked.be.