EDVT: 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.
EDVT
Largest movements
- Cash +€252,537
up €252,537 (+52.4%), from €481,912 to €734,449
mainly Other debts (+€397,242) and Net result for the year (+€144,966)
- Tangible fixed assets -€66,119
down €66,119 (-8.4%), from €785,457 to €719,338
of which Land and buildings: -€35,183
- Other debts +€397,242
up €397,242 (+167%), from €237,968 to €635,210
- Reserves -€187,000
down €187,000 (-31.3%), from €598,100 to €411,100
- Current portion of long-term debt -€19,777
down €19,777 (-38.5%), from €51,379 to €31,602
- Gross operating margin +€87,300
up €87,300 (+31.5%), from €277,340 to €364,640
- Taxes +€33,654
up €33,654 (+108%), from €31,182 to €64,836
- Depreciation -€18,429
down €18,429 (-16.8%), from €109,942 to €91,513
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 | €1,382,533 | €1,570,242 | +€187,710 | +13.6% |
| Fixed assets | 21/28 | €785,507 | €719,388 | -€66,119 | -8.4% |
| Tangible fixed assets | 22/27 | €785,457 | €719,338 | -€66,119 | -8.4% |
| Land and buildings | 22 | €613,282 | €578,099 | -€35,183 | -5.7% |
| Plant, machinery and equipment | 23 | €49,344 | €27,475 | -€21,869 | -44.3% |
| Furniture and vehicles | 24 | €21,465 | €30,523 | +€9,058 | +42.2% |
| Other tangible fixed assets | 26 | €101,367 | €83,242 | -€18,125 | -17.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €597,025 | €850,854 | +€253,829 | +42.5% |
| Stocks and contracts in progress | 3 | €33,138 | €41,560 | +€8,422 | +25.4% |
| Stocks | 30/36 | €33,138 | €41,560 | +€8,422 | +25.4% |
| Amounts receivable within one year | 40/41 | €80,482 | €72,696 | -€7,786 | -9.7% |
| Trade receivables | 40 | €79,531 | €66,896 | -€12,634 | -15.9% |
| Other amounts receivable | 41 | €951 | €5,799 | +€4,848 | +510% |
| Cash at bank and in hand | 54/58 | €481,912 | €734,449 | +€252,537 | +52.4% |
| Deferred charges and accrued income | 490/1 | €1,494 | €2,149 | +€656 | +43.9% |
| Total equity and liabilities | 10/49 | €1,382,533 | €1,570,242 | +€187,710 | +13.6% |
| Equity | 10/15 | €705,576 | €519,542 | -€186,034 | -26.4% |
| Contributions | 10/11 | €67,280 | €67,280 | = | 0.0% |
| Reserves | 13 | €598,100 | €411,100 | -€187,000 | -31.3% |
| Distributable reserves | 133 | €598,100 | €411,100 | -€187,000 | -31.3% |
| Profit (loss) carried forward | 14 | €40,196 | €41,162 | +€966 | +2.4% |
| Amounts payable | 17/49 | €676,957 | €1,050,700 | +€373,744 | +55.2% |
| Amounts payable after more than one year | 17 | €265,768 | €255,054 | -€10,714 | -4.0% |
| Financial debts | 170/4 | €265,768 | €255,054 | -€10,714 | -4.0% |
| Amounts payable within one year | 42/48 | €410,741 | €795,646 | +€384,906 | +93.7% |
| Current portion of amounts payable after more than one year | 42 | €51,379 | €31,602 | -€19,777 | -38.5% |
| Trade debts | 44 | €49,465 | €41,769 | -€7,696 | -15.6% |
| Suppliers | 440/4 | €49,465 | €41,769 | -€7,696 | -15.6% |
| Taxes, remuneration and social security | 45 | €71,929 | €87,066 | +€15,137 | +21.0% |
| Taxes | 450/3 | €65,812 | €78,318 | +€12,506 | +19.0% |
| Remuneration and social security | 454/9 | €6,117 | €8,747 | +€2,631 | +43.0% |
| Other amounts payable | 47/48 | €237,968 | €635,210 | +€397,242 | +167% |
| Accrued charges and deferred income | 492/3 | €448 | - | -€448 | |
| Remuneration, social security and pensions | 62 | €59,791 | €56,461 | -€3,330 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,942 | €91,513 | -€18,429 | -16.8% |
| Other operating charges | 640/8 | €5,380 | €5,779 | +€399 | +7.4% |
| Gross operating margin | 9900 | €277,340 | €364,640 | +€87,300 | +31.5% |
| Operating profit (loss) | 9901 | €102,228 | €210,888 | +€108,660 | +106% |
| Financial income | 75/76B | €2,370 | €2,032 | -€339 | -14.3% |
| Recurring financial income | 75 | €2,370 | €2,032 | -€339 | -14.3% |
| Financial charges | 65/66B | €3,527 | €3,118 | -€409 | -11.6% |
| Recurring financial charges | 65 | €3,527 | €3,118 | -€409 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €101,072 | €209,802 | +€108,730 | +108% |
| Income taxes | 67/77 | €31,182 | €64,836 | +€33,654 | +108% |
| Profit (loss) for the period | 9904 | €69,890 | €144,966 | +€75,076 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €69,890 | €144,966 | +€75,076 | +107% |
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 15 October 2026 via checked.be.