E&V Partners: 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 Partners
Largest movements
- Receivables within one year +€19,738
up €19,738 (+51.9%), from €38,035 to €57,773
of which Trade receivables: +€10,644
- Cash +€12,560
up €12,560 (+30.9%), from €40,680 to €53,240
mainly Provisions (+€24,719) and Net result for the year (+€14,209)
- Deferred charges and accrued income +€3,787
up €3,787 (+651%), from €582 to €4,368
- Provisions +€24,719
new in 2025: €24,719
- Reserves +€16,840
up €16,840 (+24.8%), from €67,794 to €84,634
of which Tax-exempt reserves: +€16,840
- Tax, wage and social debts -€6,531
down €6,531 (-54.1%), from €12,069 to €5,538
- Trade debts +€3,858
up €3,858 (+158%), from €2,435 to €6,293
- Profit (loss) carried forward -€2,631
down €2,631 (-45.1%), from -€5,834 to -€8,466
- Provisions +€24,719
new in 2025: €24,719
- Gross operating margin +€18,841
up €18,841 (+55.1%), from €34,216 to €53,057
- Depreciation -€6,524
down €6,524 (-93.2%), from €6,999 to €475
- Taxes -€1,605
down €1,605 (-10.4%), from €15,461 to €13,855
- Financial income +€659
up €659 (+78.8%), from €837 to €1,496
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,473 | €116,127 | +€36,653 | +46.1% |
| Fixed assets | 21/28 | €177 | €745 | +€568 | +322% |
| Tangible fixed assets | 22/27 | €177 | €745 | +€568 | +322% |
| Furniture and vehicles | 24 | €177 | €745 | +€568 | +322% |
| Current assets | 29/58 | €79,297 | €115,382 | +€36,085 | +45.5% |
| Amounts receivable within one year | 40/41 | €38,035 | €57,773 | +€19,738 | +51.9% |
| Trade receivables | 40 | €22,193 | €32,837 | +€10,644 | +48.0% |
| Other amounts receivable | 41 | €15,842 | €24,936 | +€9,094 | +57.4% |
| Cash at bank and in hand | 54/58 | €40,680 | €53,240 | +€12,560 | +30.9% |
| Deferred charges and accrued income | 490/1 | €582 | €4,368 | +€3,787 | +651% |
| Total equity and liabilities | 10/49 | €79,473 | €116,127 | +€36,653 | +46.1% |
| Equity | 10/15 | €61,959 | €76,168 | +€14,209 | +22.9% |
| Reserves | 13 | €67,794 | €84,634 | +€16,840 | +24.8% |
| Tax-exempt reserves | 132 | €5,894 | €22,734 | +€16,840 | +286% |
| Distributable reserves | 133 | €61,900 | €61,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,834 | -€8,466 | -€2,631 | -45.1% |
| Provisions and deferred taxes | 16 | - | €24,719 | +€24,719 | |
| Deferred taxes | 168 | - | €24,719 | +€24,719 | |
| Amounts payable | 17/49 | €17,514 | €15,239 | -€2,274 | -13.0% |
| Amounts payable within one year | 42/48 | €17,514 | €15,201 | -€2,313 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €3,010 | €3,370 | +€360 | +12.0% |
| Trade debts | 44 | €2,435 | €6,293 | +€3,858 | +158% |
| Suppliers | 440/4 | €2,435 | €6,293 | +€3,858 | +158% |
| Taxes, remuneration and social security | 45 | €12,069 | €5,538 | -€6,531 | -54.1% |
| Taxes | 450/3 | €12,069 | €5,538 | -€6,531 | -54.1% |
| Accrued charges and deferred income | 492/3 | - | €38 | +€38 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,999 | €475 | -€6,524 | -93.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €24,719 | +€24,719 | |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €34,216 | €53,057 | +€18,841 | +55.1% |
| Operating profit (loss) | 9901 | €26,319 | €26,935 | +€616 | +2.3% |
| Financial income | 75/76B | €837 | €1,496 | +€659 | +78.8% |
| Recurring financial income | 75 | €837 | €1,496 | +€659 | +78.8% |
| Financial charges | 65/66B | €1,002 | €367 | -€635 | -63.4% |
| Recurring financial charges | 65 | €1,002 | €367 | -€635 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | €26,154 | €28,064 | +€1,910 | +7.3% |
| Income taxes | 67/77 | €15,461 | €13,855 | -€1,605 | -10.4% |
| Profit (loss) for the period | 9904 | €10,693 | €14,209 | +€3,516 | +32.9% |
| Transfer to tax-exempt reserves | 689 | €16,840 | €16,840 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,147 | -€2,631 | +€3,516 | +57.2% |
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 20 October 2026 via checked.be.