E.V.S.G.: 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.S.G.
Largest movements
- Tangible fixed assets -€7,240
down €7,240 (-3.9%), from €183,802 to €176,562
of which Land and buildings: -€6,300
- Formation expenses -€4,173
down €4,173 (-33.3%), from €12,519 to €8,346
- Profit (loss) carried forward -€7,869
down €7,869 (-14.3%), from -€55,121 to -€62,990
- Other debts -€3,532
down €3,532 (-1.8%), from €198,320 to €194,788
- Other operating charges -€1,426
down €1,426 (-47.4%), from €3,008 to €1,582
- Gross operating margin +€374
up €374 (+7.7%), from €4,830 to €5,204
- Purchases and services -€374
down €374 (-17.2%), from €2,170 to €1,796
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 | €220,199 | €208,798 | -€11,401 | -5.2% |
| Formation expenses | 20 | €12,519 | €8,346 | -€4,173 | -33.3% |
| Fixed assets | 21/28 | €183,802 | €176,562 | -€7,240 | -3.9% |
| Tangible fixed assets | 22/27 | €183,802 | €176,562 | -€7,240 | -3.9% |
| Land and buildings | 22 | €179,500 | €173,200 | -€6,300 | -3.5% |
| Plant, machinery and equipment | 23 | €4,302 | €3,362 | -€940 | -21.8% |
| Current assets | 29/58 | €23,878 | €23,890 | +€12 | 0.0% |
| Current investments | 50/53 | €23,368 | €23,368 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19 | €5 | -€14 | -75.7% |
| Deferred charges and accrued income | 490/1 | €491 | €517 | +€26 | +5.4% |
| Total equity and liabilities | 10/49 | €220,199 | €208,798 | -€11,401 | -5.2% |
| Equity | 10/15 | €21,879 | €14,010 | -€7,869 | -36.0% |
| Contributions | 10/11 | €77,000 | €77,000 | = | 0.0% |
| Capital | 10 | €77,000 | €77,000 | = | 0.0% |
| Issued capital | 100 | €77,000 | €77,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,121 | -€62,990 | -€7,869 | -14.3% |
| Amounts payable | 17/49 | €198,320 | €194,788 | -€3,532 | -1.8% |
| Amounts payable within one year | 42/48 | €198,320 | €194,788 | -€3,532 | -1.8% |
| Other amounts payable | 47/48 | €198,320 | €194,788 | -€3,532 | -1.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,170 | €1,796 | -€374 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,413 | €11,413 | = | 0.0% |
| Other operating charges | 640/8 | €3,008 | €1,582 | -€1,426 | -47.4% |
| Gross operating margin | 9900 | €4,830 | €5,204 | +€374 | +7.7% |
| Operating profit (loss) | 9901 | -€9,591 | -€7,791 | +€1,799 | +18.8% |
| Financial charges | 65/66B | €46 | €78 | +€32 | +68.6% |
| Recurring financial charges | 65 | €46 | €78 | +€32 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,637 | -€7,869 | +€1,768 | +18.3% |
| Profit (loss) for the period | 9904 | -€9,637 | -€7,869 | +€1,768 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,637 | -€7,869 | +€1,768 | +18.3% |
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 23 October 2026 via checked.be.