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
- Tangible fixed assets -€17,925
down €17,925 (-5.4%), from €332,007 to €314,081
of which Land and buildings: -€17,576
- Cash +€12,377
up €12,377 (+6.5%), from €191,563 to €203,940
mainly Depreciation (+€17,925) and Net result for the year (+€10,728)
- Debts after one year -€19,988
down €19,988 (-20.1%), from €99,575 to €79,587
- Reserves +€10,728
up €10,728 (+4.9%), from €217,645 to €228,373
of which Distributable reserves: +€10,191
- Gross operating margin +€6,053
up €6,053 (+14.2%), from €42,504 to €48,557
- Taxes +€2,635
up €2,635 (+111%), from €2,371 to €5,006
- Financial income -€1,561
no longer reported in 2026 (was €1,561)
- Depreciation -€1,545
down €1,545 (-7.9%), from €19,470 to €17,925
- Financial charges -€1,021
down €1,021 (-13.2%), from €7,723 to €6,702
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €603,424 | €595,247 | -€8,177 | -1.4% |
| Fixed assets | 21/28 | €332,007 | €314,081 | -€17,925 | -5.4% |
| Tangible fixed assets | 22/27 | €332,007 | €314,081 | -€17,925 | -5.4% |
| Land and buildings | 22 | €330,960 | €313,383 | -€17,576 | -5.3% |
| Plant, machinery and equipment | 23 | €1,047 | €698 | -€349 | -33.3% |
| Current assets | 29/58 | €271,418 | €281,166 | +€9,748 | +3.6% |
| Amounts receivable within one year | 40/41 | €79,854 | €77,225 | -€2,629 | -3.3% |
| Trade receivables | 40 | €77,225 | €77,225 | = | 0.0% |
| Other amounts receivable | 41 | €2,629 | - | -€2,629 | |
| Cash at bank and in hand | 54/58 | €191,563 | €203,940 | +€12,377 | +6.5% |
| Total equity and liabilities | 10/49 | €603,424 | €595,247 | -€8,177 | -1.4% |
| Equity | 10/15 | €482,345 | €493,073 | +€10,728 | +2.2% |
| Contributions | 10/11 | €264,700 | €264,700 | = | 0.0% |
| Capital | 10 | €264,700 | €264,700 | = | 0.0% |
| Issued capital | 100 | €264,700 | €264,700 | = | 0.0% |
| Reserves | 13 | €217,645 | €228,373 | +€10,728 | +4.9% |
| Non-distributable reserves | 130/1 | €10,951 | €11,487 | +€536 | +4.9% |
| Legal reserve | 130 | €10,951 | €11,487 | +€536 | +4.9% |
| Distributable reserves | 133 | €206,695 | €216,886 | +€10,191 | +4.9% |
| Amounts payable | 17/49 | €121,079 | €102,174 | -€18,905 | -15.6% |
| Amounts payable after more than one year | 17 | €99,575 | €79,587 | -€19,988 | -20.1% |
| Financial debts | 170/4 | €99,575 | €79,587 | -€19,988 | -20.1% |
| Amounts payable within one year | 42/48 | €21,504 | €22,587 | +€1,083 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €18,887 | €19,988 | +€1,101 | +5.8% |
| Trade debts | 44 | - | €23 | +€23 | |
| Suppliers | 440/4 | - | €23 | +€23 | |
| Taxes, remuneration and social security | 45 | €2,617 | €2,576 | -€41 | -1.6% |
| Taxes | 450/3 | €2,617 | €2,576 | -€41 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,470 | €17,925 | -€1,545 | -7.9% |
| Other operating charges | 640/8 | €8,417 | €8,196 | -€221 | -2.6% |
| Gross operating margin | 9900 | €42,504 | €48,557 | +€6,053 | +14.2% |
| Operating profit (loss) | 9901 | €14,618 | €22,436 | +€7,818 | +53.5% |
| Financial income | 75/76B | €1,561 | - | -€1,561 | |
| Recurring financial income | 75 | €1,561 | - | -€1,561 | |
| Financial charges | 65/66B | €7,723 | €6,702 | -€1,021 | -13.2% |
| Recurring financial charges | 65 | €7,723 | €6,702 | -€1,021 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €8,456 | €15,734 | +€7,279 | +86.1% |
| Income taxes | 67/77 | €2,371 | €5,006 | +€2,635 | +111% |
| Profit (loss) for the period | 9904 | €6,084 | €10,728 | +€4,643 | +76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,084 | €10,728 | +€4,643 | +76.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.