E-van adventure: 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-van adventure
Largest movements
- Stocks and contracts -€671,455
down €671,455 (-39.1%), from €1.7m to €1.0m
- Cash -€53,397
down €53,397 (-62.5%), from €85,377 to €31,981
mainly Net result for the year (-€405,755) and Other debts (-€238,000)
- Intangible fixed assets -€19,223
down €19,223 (-100%), from €19,223 to €0
- Profit (loss) carried forward -€405,755
down €405,755 (-586%), from -€69,236 to -€474,991
- Other debts -€238,000
down €238,000 (-99.4%), from €239,500 to €1,500
- Short-term financial debts -€100,000
down €100,000 (-20.0%), from €500,000 to €400,000
- Current portion of long-term debt +€34,610
up €34,610 (+25.8%), from €134,297 to €168,907
- Advances received -€30,045
down €30,045 (-100%), from €30,045 to €0
- Write-downs +€234,427
up €234,427 (+11,346%), from €2,066 to €236,493
- Gross operating margin -€120,767
down €120,767, from €97,226 to -€23,541
- Financial charges -€18,704
down €18,704 (-23.2%), from €80,659 to €61,955
- Depreciation -€4,344
down €4,344 (-22.6%), from €19,226 to €14,882
- Staff costs -€2,281
down €2,281 (-4.1%), from €55,388 to €53,106
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 | €1,855,574 | €1,111,595 | -€743,979 | -40.1% |
| Fixed assets | 21/28 | €39,543 | €23,119 | -€16,424 | -41.5% |
| Intangible fixed assets | 21 | €19,223 | €0 | -€19,223 | -100% |
| Tangible fixed assets | 22/27 | €12,135 | €8,934 | -€3,201 | -26.4% |
| Plant, machinery and equipment | 23 | €1,678 | €1,417 | -€261 | -15.6% |
| Furniture and vehicles | 24 | €10,457 | €7,517 | -€2,940 | -28.1% |
| Financial fixed assets | 28 | €8,185 | €14,185 | +€6,000 | +73.3% |
| Current assets | 29/58 | €1,816,031 | €1,088,476 | -€727,555 | -40.1% |
| Stocks and contracts in progress | 3 | €1,716,441 | €1,044,986 | -€671,455 | -39.1% |
| Stocks | 30/36 | €1,716,441 | €1,044,986 | -€671,455 | -39.1% |
| Amounts receivable within one year | 40/41 | €8,989 | €8,423 | -€566 | -6.3% |
| Trade receivables | 40 | €8,095 | €8,423 | +€328 | +4.1% |
| Other amounts receivable | 41 | €894 | €0 | -€894 | -100% |
| Cash at bank and in hand | 54/58 | €85,377 | €31,981 | -€53,397 | -62.5% |
| Deferred charges and accrued income | 490/1 | €5,224 | €3,087 | -€2,137 | -40.9% |
| Total equity and liabilities | 10/49 | €1,855,574 | €1,111,595 | -€743,979 | -40.1% |
| Equity | 10/15 | €232,044 | -€173,711 | -€405,755 | |
| Contributions | 10/11 | €301,280 | €301,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,236 | -€474,991 | -€405,755 | -586% |
| Amounts payable | 17/49 | €1,623,530 | €1,285,307 | -€338,224 | -20.8% |
| Amounts payable after more than one year | 17 | €625,719 | €619,223 | -€6,496 | -1.0% |
| Financial debts | 170/4 | €625,719 | €619,223 | -€6,496 | -1.0% |
| Amounts payable within one year | 42/48 | €983,612 | €652,544 | -€331,069 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €134,297 | €168,907 | +€34,610 | +25.8% |
| Financial debts | 43 | €500,000 | €400,000 | -€100,000 | -20.0% |
| Credit institutions | 430/8 | €500,000 | €400,000 | -€100,000 | -20.0% |
| Trade debts | 44 | €76,333 | €71,455 | -€4,878 | -6.4% |
| Suppliers | 440/4 | €76,333 | €71,455 | -€4,878 | -6.4% |
| Advances received on contracts in progress | 46 | €30,045 | €0 | -€30,045 | -100% |
| Taxes, remuneration and social security | 45 | €3,437 | €10,682 | +€7,245 | +211% |
| Taxes | 450/3 | €230 | €10,682 | +€10,451 | +4,542% |
| Remuneration and social security | 454/9 | €3,207 | €0 | -€3,207 | -100% |
| Other amounts payable | 47/48 | €239,500 | €1,500 | -€238,000 | -99.4% |
| Accrued charges and deferred income | 492/3 | €14,199 | €13,540 | -€659 | -4.6% |
| Non-recurring operating income | 76A | - | €2,460 | +€2,460 | |
| Remuneration, social security and pensions | 62 | €55,388 | €53,106 | -€2,281 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,226 | €14,882 | -€4,344 | -22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,066 | €236,493 | +€234,427 | +11,346% |
| Other operating charges | 640/8 | €6,563 | €7,809 | +€1,246 | +19.0% |
| Non-recurring operating charges | 66A | €10,732 | €7,986 | -€2,746 | -25.6% |
| Gross operating margin | 9900 | €97,226 | -€23,541 | -€120,767 | |
| Operating profit (loss) | 9901 | €3,252 | -€343,817 | -€347,069 | |
| Financial income | 75/76B | €5 | €24 | +€19 | +384% |
| Recurring financial income | 75 | €5 | €24 | +€19 | +384% |
| Financial charges | 65/66B | €80,659 | €61,955 | -€18,704 | -23.2% |
| Recurring financial charges | 65 | €80,659 | €61,955 | -€18,704 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€77,402 | -€405,748 | -€328,345 | -424% |
| Income taxes | 67/77 | €2 | €7 | +€6 | +382% |
| Profit (loss) for the period | 9904 | -€77,404 | -€405,755 | -€328,351 | -424% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,404 | -€405,755 | -€328,351 | -424% |
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.