E.V.L.: 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.L.
Largest movements
- Cash +€21,619
up €21,619 (+2,062%), from €1,049 to €22,667
mainly Net result for the year (+€36,367) and Depreciation (+€19,940)
- Tangible fixed assets -€17,061
down €17,061 (-37.3%), from €45,736 to €28,675
of which Furniture and vehicles: -€12,971
- Reserves +€36,367
up €36,367 (+15.8%), from €230,450 to €266,816
- Trade debts -€31,988
down €31,988 (-72.3%), from €44,218 to €12,230
- Accrued charges and deferred income +€7,169
up €7,169 (+374%), from €1,915 to €9,084
- Gross operating margin -€75,507
down €75,507 (-27.8%), from €271,835 to €196,328
- Staff costs -€32,425
down €32,425 (-20.3%), from €160,031 to €127,606
- Write-downs -€11,482
down €11,482, from €286 to -€11,196
- Financial charges -€8,759
down €8,759 (-65.6%), from €13,349 to €4,590
- Taxes -€5,538
down €5,538 (-23.4%), from €23,635 to €18,097
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 | €435,675 | €444,995 | +€9,320 | +2.1% |
| Fixed assets | 21/28 | €45,736 | €28,675 | -€17,061 | -37.3% |
| Tangible fixed assets | 22/27 | €45,736 | €28,675 | -€17,061 | -37.3% |
| Plant, machinery and equipment | 23 | €14,604 | €10,942 | -€3,663 | -25.1% |
| Furniture and vehicles | 24 | €30,495 | €17,524 | -€12,971 | -42.5% |
| Other tangible fixed assets | 26 | €637 | €209 | -€428 | -67.2% |
| Current assets | 29/58 | €389,939 | €416,320 | +€26,381 | +6.8% |
| Stocks and contracts in progress | 3 | €135,859 | €140,010 | +€4,151 | +3.1% |
| Stocks | 30/36 | €62,159 | €66,810 | +€4,651 | +7.5% |
| Contracts in progress | 37 | €73,700 | €73,200 | -€500 | -0.7% |
| Amounts receivable within one year | 40/41 | €248,629 | €249,026 | +€397 | +0.2% |
| Trade receivables | 40 | €100,550 | €74,776 | -€25,773 | -25.6% |
| Other amounts receivable | 41 | €148,079 | €174,249 | +€26,170 | +17.7% |
| Cash at bank and in hand | 54/58 | €1,049 | €22,667 | +€21,619 | +2,062% |
| Deferred charges and accrued income | 490/1 | €4,402 | €4,617 | +€215 | +4.9% |
| Total equity and liabilities | 10/49 | €435,675 | €444,995 | +€9,320 | +2.1% |
| Equity | 10/15 | €340,450 | €376,816 | +€36,367 | +10.7% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €230,450 | €266,816 | +€36,367 | +15.8% |
| Distributable reserves | 133 | €230,450 | €266,816 | +€36,367 | +15.8% |
| Amounts payable | 17/49 | €95,225 | €68,178 | -€27,047 | -28.4% |
| Amounts payable after more than one year | 17 | €14,954 | €14,954 | = | 0.0% |
| Financial debts | 170/4 | €14,954 | €14,954 | = | 0.0% |
| Amounts payable within one year | 42/48 | €78,356 | €44,140 | -€34,216 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €3,396 | €3,347 | -€49 | -1.4% |
| Financial debts | 43 | €8,176 | €8,413 | +€237 | +2.9% |
| Credit institutions | 430/8 | €8,176 | €8,413 | +€237 | +2.9% |
| Trade debts | 44 | €44,218 | €12,230 | -€31,988 | -72.3% |
| Suppliers | 440/4 | €44,218 | €12,230 | -€31,988 | -72.3% |
| Taxes, remuneration and social security | 45 | €22,566 | €20,150 | -€2,416 | -10.7% |
| Taxes | 450/3 | €8,319 | €8,449 | +€130 | +1.6% |
| Remuneration and social security | 454/9 | €14,247 | €11,701 | -€2,546 | -17.9% |
| Accrued charges and deferred income | 492/3 | €1,915 | €9,084 | +€7,169 | +374% |
| Remuneration, social security and pensions | 62 | €160,031 | €127,606 | -€32,425 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,760 | €19,940 | -€3,820 | -16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €286 | -€11,196 | -€11,482 | |
| Other operating charges | 640/8 | €1,073 | €1,085 | +€12 | +1.1% |
| Gross operating margin | 9900 | €271,835 | €196,328 | -€75,507 | -27.8% |
| Operating profit (loss) | 9901 | €86,686 | €58,894 | -€27,792 | -32.1% |
| Financial income | 75/76B | €12 | €160 | +€148 | +1,224% |
| Recurring financial income | 75 | €12 | €160 | +€148 | +1,224% |
| Financial charges | 65/66B | €13,349 | €4,590 | -€8,759 | -65.6% |
| Recurring financial charges | 65 | €13,349 | €4,590 | -€8,759 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €73,348 | €54,463 | -€18,885 | -25.7% |
| Income taxes | 67/77 | €23,635 | €18,097 | -€5,538 | -23.4% |
| Profit (loss) for the period | 9904 | €49,713 | €36,367 | -€13,347 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,713 | €36,367 | -€13,347 | -26.8% |
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 19 October 2026 via checked.be.