EEVE: 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.
EEVE
Largest movements
- Current investments -€750,000
down €750,000 (-100.0%), from €750,000 to €0
- Cash +€495,011
up €495,011 (+1271.0%), from €38,946 to €533,958
mainly Depreciation (+€1.5m) and Current investments (+€750,000)
- Intangible fixed assets -€333,800
down €333,800 (-8.6%), from €3.9m to €3.6m
- Tangible fixed assets +€190,802
up €190,802 (+221.6%), from €86,088 to €276,891
of which Other tangible fixed assets: +€127,540
- Trade debts -€343,002
down €343,002 (-65.8%), from €521,564 to €178,561
- Profit (loss) carried forward -€310,100
down €310,100 (-5.0%), from -€6.2m to -€6.5m
- Debts after one year +€92,623
up €92,623 (+3.7%), from €2.5m to €2.6m
of which Financial debts: +€79,623
- Contributions +€68,479
up €68,479 (+0.9%), from €7.4m to €7.5m
- Gross operating margin -€650,261
down €650,261 (-20.3%), from €3.2m to €2.5m
- Staff costs +€127,065
up €127,065 (+14.8%), from €857,224 to €984,289
- Depreciation +€47,362
up €47,362 (+3.4%), from €1.4m to €1.5m
- Other operating charges -€36,995
down €36,995 (-92.0%), from €40,195 to €3,200
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,296,643 | €4,884,687 | -€411,956 | -7.8% |
| Fixed assets | 21/28 | €3,976,901 | €3,833,903 | -€142,998 | -3.6% |
| Intangible fixed assets | 21 | €3,887,662 | €3,553,862 | -€333,800 | -8.6% |
| Tangible fixed assets | 22/27 | €86,088 | €276,891 | +€190,802 | +221.6% |
| Plant, machinery and equipment | 23 | €55,098 | €26,826 | -€28,272 | -51.3% |
| Furniture and vehicles | 24 | €30,991 | €91,645 | +€60,655 | +195.7% |
| Leasing and similar rights | 25 | €0 | €30,880 | +€30,880 | |
| Other tangible fixed assets | 26 | - | €127,540 | +€127,540 | |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €1,319,743 | €1,050,784 | -€268,959 | -20.4% |
| Amounts receivable after more than one year | 29 | €240,908 | €274,849 | +€33,941 | +14.1% |
| Other amounts receivable | 291 | €240,908 | €274,849 | +€33,941 | +14.1% |
| Stocks and contracts in progress | 3 | €221,839 | €183,851 | -€37,989 | -17.1% |
| Stocks | 30/36 | €221,839 | €183,851 | -€37,989 | -17.1% |
| Amounts receivable within one year | 40/41 | €68,049 | €56,331 | -€11,718 | -17.2% |
| Trade receivables | 40 | €18,850 | €3,330 | -€15,520 | -82.3% |
| Other amounts receivable | 41 | €49,199 | €53,001 | +€3,802 | +7.7% |
| Current investments | 50/53 | €750,000 | €0 | -€750,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €38,946 | €533,958 | +€495,011 | +1271.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,796 | +€1,796 | |
| Total equity and liabilities | 10/49 | €5,296,643 | €4,884,687 | -€411,956 | -7.8% |
| Equity | 10/15 | €1,152,645 | €911,023 | -€241,621 | -21.0% |
| Contributions | 10/11 | €7,391,689 | €7,460,168 | +€68,479 | +0.9% |
| Profit (loss) carried forward | 14 | -€6,239,044 | -€6,549,144 | -€310,100 | -5.0% |
| Amounts payable | 17/49 | €4,143,999 | €3,973,664 | -€170,335 | -4.1% |
| Amounts payable after more than one year | 17 | €2,500,000 | €2,592,623 | +€92,623 | +3.7% |
| Financial debts | 170/4 | €2,500,000 | €2,579,623 | +€79,623 | +3.2% |
| Other amounts payable | 178/9 | - | €13,000 | +€13,000 | |
| Amounts payable within one year | 42/48 | €658,564 | €380,059 | -€278,505 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €5,679 | €34,669 | +€28,989 | +510.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €521,564 | €178,561 | -€343,002 | -65.8% |
| Suppliers | 440/4 | €521,564 | €178,561 | -€343,002 | -65.8% |
| Taxes, remuneration and social security | 45 | €131,322 | €166,830 | +€35,508 | +27.0% |
| Taxes | 450/3 | €39,426 | €14,811 | -€24,614 | -62.4% |
| Remuneration and social security | 454/9 | €91,896 | €152,018 | +€60,122 | +65.4% |
| Accrued charges and deferred income | 492/3 | €985,434 | €1,000,981 | +€15,547 | +1.6% |
| Non-recurring operating income | 76A | €14,561 | €0 | -€14,561 | -100.0% |
| Remuneration, social security and pensions | 62 | €857,224 | €984,289 | +€127,065 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,405,955 | €1,453,317 | +€47,362 | +3.4% |
| Other operating charges | 640/8 | €40,195 | €3,200 | -€36,995 | -92.0% |
| Non-recurring operating charges | 66A | - | €205,208 | +€205,208 | |
| Gross operating margin | 9900 | €3,195,746 | €2,545,485 | -€650,261 | -20.3% |
| Operating profit (loss) | 9901 | €892,373 | -€100,529 | -€992,901 | |
| Financial income | 75/76B | €5,919 | €9,169 | +€3,250 | +54.9% |
| Recurring financial income | 75 | €5,919 | €9,169 | +€3,250 | +54.9% |
| Financial charges | 65/66B | €242,118 | €250,221 | +€8,103 | +3.3% |
| Recurring financial charges | 65 | €242,118 | €250,221 | +€8,103 | +3.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €656,174 | -€341,580 | -€997,754 | |
| Income taxes | 67/77 | -€36,323 | -€31,480 | +€4,843 | +13.3% |
| Profit (loss) for the period | 9904 | €692,497 | -€310,100 | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €692,497 | -€310,100 | -€1.0m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.