E&V PROJECTS: what changed
E&V PROJECTS
Largest movements
- Cash +€36,115
up €36,115 (+38.8%), from €93,050 to €129,165
mainly Net result for the year (+€101,264) and Depreciation (+€33,250)
- Tangible fixed assets -€31,135
down €31,135 (-36.8%), from €84,715 to €53,580
of which Furniture and vehicles: -€31,540
- Receivables within one year +€10,417
up €10,417 (+39.4%), from €26,465 to €36,882
of which Trade receivables: +€9,936
- Profit (loss) carried forward +€94,118
up €94,118, from €0 to €94,118
- Other debts -€92,094
down €92,094 (-67.0%), from €137,415 to €45,321
- Reserves +€7,146
up €7,146 (+52.8%), from €13,524 to €20,671
- Trade debts +€4,656
up €4,656 (+1,802%), from €258 to €4,914
- Tax, wage and social debts +€3,122
up €3,122 (+9.4%), from €33,318 to €36,439
- Gross operating margin +€41,154
up €41,154 (+32.8%), from €125,505 to €166,658
- Financial income -€34,123
down €34,123 (-99.7%), from €34,221 to €98
of which Non-recurring financial income: -€34,170
- Depreciation +€11,560
up €11,560 (+53.3%), from €21,690 to €33,250
- Financial charges -€1,949
down €1,949 (-44.0%), from €4,430 to €2,481
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,384 | €222,337 | +€14,953 | +7.2% |
| Fixed assets | 21/28 | €84,715 | €53,580 | -€31,135 | -36.8% |
| Tangible fixed assets | 22/27 | €84,715 | €53,580 | -€31,135 | -36.8% |
| Plant, machinery and equipment | 23 | €359 | €2,007 | +€1,648 | +459% |
| Furniture and vehicles | 24 | €80,363 | €48,824 | -€31,540 | -39.2% |
| Other tangible fixed assets | 26 | €3,993 | €2,749 | -€1,243 | -31.1% |
| Current assets | 29/58 | €122,669 | €168,757 | +€46,088 | +37.6% |
| Amounts receivable within one year | 40/41 | €26,465 | €36,882 | +€10,417 | +39.4% |
| Trade receivables | 40 | €26,465 | €36,401 | +€9,936 | +37.5% |
| Other amounts receivable | 41 | - | €481 | +€481 | |
| Cash at bank and in hand | 54/58 | €93,050 | €129,165 | +€36,115 | +38.8% |
| Deferred charges and accrued income | 490/1 | €3,154 | €2,710 | -€444 | -14.1% |
| Total equity and liabilities | 10/49 | €207,384 | €222,337 | +€14,953 | +7.2% |
| Equity | 10/15 | €32,124 | €133,388 | +€101,264 | +315% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,524 | €20,671 | +€7,146 | +52.8% |
| Distributable reserves | 133 | €13,524 | €20,671 | +€7,146 | +52.8% |
| Profit (loss) carried forward | 14 | €0 | €94,118 | +€94,118 | |
| Amounts payable | 17/49 | €175,260 | €88,949 | -€86,311 | -49.2% |
| Amounts payable within one year | 42/48 | €170,991 | €86,674 | -€84,316 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €258 | €4,914 | +€4,656 | +1,802% |
| Suppliers | 440/4 | €258 | €4,914 | +€4,656 | +1,802% |
| Taxes, remuneration and social security | 45 | €33,318 | €36,439 | +€3,122 | +9.4% |
| Taxes | 450/3 | €33,318 | €36,439 | +€3,122 | +9.4% |
| Other amounts payable | 47/48 | €137,415 | €45,321 | -€92,094 | -67.0% |
| Accrued charges and deferred income | 492/3 | €4,269 | €2,274 | -€1,995 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,690 | €33,250 | +€11,560 | +53.3% |
| Other operating charges | 640/8 | €669 | €528 | -€142 | -21.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €125,505 | €166,658 | +€41,154 | +32.8% |
| Operating profit (loss) | 9901 | €103,145 | €132,881 | +€29,735 | +28.8% |
| Financial income | 75/76B | €34,221 | €98 | -€34,123 | -99.7% |
| Recurring financial income | 75 | €51 | €98 | +€47 | +91.7% |
| Non-recurring financial income | 76B | €34,170 | €0 | -€34,170 | -100% |
| Financial charges | 65/66B | €4,430 | €2,481 | -€1,949 | -44.0% |
| Recurring financial charges | 65 | €4,430 | €2,481 | -€1,949 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €132,936 | €130,498 | -€2,439 | -1.8% |
| Income taxes | 67/77 | €30,537 | €29,234 | -€1,303 | -4.3% |
| Profit (loss) for the period | 9904 | €102,399 | €101,264 | -€1,135 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €102,399 | €101,264 | -€1,135 | -1.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.