E-VL: what changed
Two fiscal 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-VL
Largest movements
- Cash -€35,549
down €35,549 (-51.0%), from €69,699 to €34,150
mainly Other debts (-€42,400) and Contributions, distributions and other (-€18,600)
- Tangible fixed assets -€11,828
down €11,828 (-47.0%), from €25,183 to €13,355
of which Land and buildings: -€9,333
- Receivables within one year -€3,472
down €3,472 (-11.0%), from €31,687 to €28,214
of which Trade receivables: -€3,474
- Other debts -€42,400
down €42,400 (-94.8%), from €44,708 to €2,308
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Reserves +€13,790
up €13,790 (+27.4%), from €50,266 to €64,057
- Tax, wage and social debts -€3,086
down €3,086 (-25.5%), from €12,099 to €9,013
- Taxes +€4,557
up €4,557 (+183.8%), from €2,480 to €7,036
- Gross operating margin +€2,096
up €2,096 (+6.1%), from €34,450 to €36,546
- Other operating charges +€1,274
up €1,274 (+191.7%), from €664 to €1,938
- Depreciation -€1,252
down €1,252 (-8.4%), from €14,955 to €13,704
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.
Cash bridge derived
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 | €128,018 | €77,200 | -€50,818 | -39.7% |
| Fixed assets | 21/28 | €25,183 | €13,355 | -€11,828 | -47.0% |
| Tangible fixed assets | 22/27 | €25,183 | €13,355 | -€11,828 | -47.0% |
| Land and buildings | 22 | €18,667 | €9,333 | -€9,333 | -50.0% |
| Plant, machinery and equipment | 23 | €3,107 | €975 | -€2,132 | -68.6% |
| Furniture and vehicles | 24 | €3,409 | €3,046 | -€363 | -10.6% |
| Current assets | 29/58 | €102,836 | €63,845 | -€38,990 | -37.9% |
| Stocks and contracts in progress | 3 | €950 | €950 | = | 0.0% |
| Stocks | 30/36 | €950 | €950 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,687 | €28,214 | -€3,472 | -11.0% |
| Trade receivables | 40 | €31,623 | €28,149 | -€3,474 | -11.0% |
| Other amounts receivable | 41 | €64 | €66 | +€2 | +3.0% |
| Cash at bank and in hand | 54/58 | €69,699 | €34,150 | -€35,549 | -51.0% |
| Deferred charges and accrued income | 490/1 | €499 | €530 | +€31 | +6.2% |
| Total equity and liabilities | 10/49 | €128,018 | €77,200 | -€50,818 | -39.7% |
| Equity | 10/15 | €68,866 | €64,057 | -€4,810 | -7.0% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €50,266 | €64,057 | +€13,790 | +27.4% |
| Distributable reserves | 133 | €50,266 | €64,057 | +€13,790 | +27.4% |
| Amounts payable | 17/49 | €59,152 | €13,144 | -€46,008 | -77.8% |
| Amounts payable within one year | 42/48 | €59,152 | €13,144 | -€46,008 | -77.8% |
| Trade debts | 44 | €2,345 | €1,823 | -€522 | -22.2% |
| Suppliers | 440/4 | €2,345 | €1,823 | -€522 | -22.2% |
| Taxes, remuneration and social security | 45 | €12,099 | €9,013 | -€3,086 | -25.5% |
| Taxes | 450/3 | €12,099 | €9,013 | -€3,086 | -25.5% |
| Other amounts payable | 47/48 | €44,708 | €2,308 | -€42,400 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,955 | €13,704 | -€1,252 | -8.4% |
| Other operating charges | 640/8 | €664 | €1,938 | +€1,274 | +191.7% |
| Gross operating margin | 9900 | €34,450 | €36,546 | +€2,096 | +6.1% |
| Operating profit (loss) | 9901 | €18,830 | €20,903 | +€2,074 | +11.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €72 | €77 | +€5 | +6.5% |
| Recurring financial charges | 65 | €72 | €77 | +€5 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €18,758 | €20,827 | +€2,069 | +11.0% |
| Income taxes | 67/77 | €2,480 | €7,036 | +€4,557 | +183.8% |
| Profit (loss) for the period | 9904 | €16,279 | €13,790 | -€2,488 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,279 | €13,790 | -€2,488 | -15.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.