ERVIVAN: 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.
ERVIVAN
Largest movements
- Tangible fixed assets +€453,759
up €453,759 (+27.0%), from €1.7m to €2.1m
of which Land and buildings: +€452,347
- Receivables within one year +€24,033
up €24,033 (+1218.2%), from €1,973 to €26,006
- Debts after one year +€350,745
up €350,745 (+132.0%), from €265,725 to €616,470
- Other debts +€113,541
up €113,541 (+15.4%), from €738,599 to €852,140
- Profit (loss) carried forward -€30,776
down €30,776 (-7.9%), from -€389,672 to -€420,448
- Current portion of long-term debt +€22,801
up €22,801 (+35.4%), from €64,438 to €87,239
- Gross operating margin -€15,932
down €15,932 (-13.1%), from €121,476 to €105,543
- Other operating charges -€8,706
down €8,706 (-26.4%), from €33,005 to €24,299
- Depreciation +€4,924
up €4,924 (+5.1%), from €95,952 to €100,876
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 | €1,709,258 | €2,179,041 | +€469,783 | +27.5% |
| Fixed assets | 21/28 | €1,680,124 | €2,134,425 | +€454,301 | +27.0% |
| Tangible fixed assets | 22/27 | €1,680,124 | €2,133,882 | +€453,759 | +27.0% |
| Land and buildings | 22 | €1,615,060 | €2,067,407 | +€452,347 | +28.0% |
| Plant, machinery and equipment | 23 | €1,189 | €192 | -€997 | -83.9% |
| Furniture and vehicles | 24 | €8,650 | €11,059 | +€2,409 | +27.8% |
| Other tangible fixed assets | 26 | €55,225 | €55,225 | = | 0.0% |
| Financial fixed assets | 28 | - | €542 | +€542 | |
| Current assets | 29/58 | €29,134 | €44,617 | +€15,483 | +53.1% |
| Amounts receivable within one year | 40/41 | €1,973 | €26,006 | +€24,033 | +1218.2% |
| Other amounts receivable | 41 | €1,973 | €26,006 | +€24,033 | +1218.2% |
| Cash at bank and in hand | 54/58 | €8,950 | €4,907 | -€4,043 | -45.2% |
| Deferred charges and accrued income | 490/1 | €18,211 | €13,704 | -€4,508 | -24.8% |
| Total equity and liabilities | 10/49 | €1,709,258 | €2,179,041 | +€469,783 | +27.5% |
| Equity | 10/15 | €632,593 | €601,817 | -€30,776 | -4.9% |
| Contributions | 10/11 | €1,020,000 | €1,020,000 | = | 0.0% |
| Reserves | 13 | €2,265 | €2,265 | = | 0.0% |
| Distributable reserves | 133 | €2,265 | €2,265 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€389,672 | -€420,448 | -€30,776 | -7.9% |
| Amounts payable | 17/49 | €1,076,665 | €1,577,225 | +€500,559 | +46.5% |
| Amounts payable after more than one year | 17 | €265,725 | €616,470 | +€350,745 | +132.0% |
| Financial debts | 170/4 | €265,725 | €616,470 | +€350,745 | +132.0% |
| Amounts payable within one year | 42/48 | €810,941 | €960,755 | +€149,814 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €64,438 | €87,239 | +€22,801 | +35.4% |
| Trade debts | 44 | €7,649 | €21,177 | +€13,528 | +176.9% |
| Suppliers | 440/4 | €7,649 | €21,177 | +€13,528 | +176.9% |
| Taxes, remuneration and social security | 45 | €255 | €199 | -€56 | -21.8% |
| Taxes | 450/3 | €255 | €199 | -€56 | -21.8% |
| Other amounts payable | 47/48 | €738,599 | €852,140 | +€113,541 | +15.4% |
| Non-recurring operating income | 76A | - | €56,510 | +€56,510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,952 | €100,876 | +€4,924 | +5.1% |
| Other operating charges | 640/8 | €33,005 | €24,299 | -€8,706 | -26.4% |
| Gross operating margin | 9900 | €121,476 | €105,543 | -€15,932 | -13.1% |
| Operating profit (loss) | 9901 | -€7,481 | -€19,632 | -€12,151 | -162.4% |
| Financial income | 75/76B | €34 | €6 | -€29 | -83.0% |
| Recurring financial income | 75 | €34 | €6 | -€29 | -83.0% |
| Financial charges | 65/66B | €10,799 | €11,150 | +€351 | +3.2% |
| Recurring financial charges | 65 | €10,799 | €11,150 | +€351 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,246 | -€30,776 | -€12,530 | -68.7% |
| Profit (loss) for the period | 9904 | -€18,246 | -€30,776 | -€12,530 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,246 | -€30,776 | -€12,530 | -68.7% |
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 11 October 2026 via checked.be.