EV.A.RI: what changed
What changed
EV.A.RI
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€126,422
2024 · €10,759+€115,662
Equity
€139,181
2024 · €12,759+€126,422
Cash
€8,616
2024 · €12,552-€3,936
Balance sheet total
€524,355
2024 · €416,040+€108,316
Largest movements
Assets
- Receivables within one year +€111,926
up €111,926 (+64,470%), from €174 to €112,100
of which Other amounts receivable: +€99,826
Equity and liabilities
- Profit (loss) carried forward +€126,422
up €126,422 (+1,175%), from €10,759 to €137,181
- Debts after one year -€27,029
down €27,029 (-17.6%), from €153,448 to €126,419
- Tax, wage and social debts +€14,234
up €14,234 (+124%), from €11,511 to €25,745
of which Taxes: +€17,609
- Other debts -€6,741
down €6,741 (-3.2%), from €212,462 to €205,721
Income statement
- Financial income +€100,000
new in 2025: €100,000
- Gross operating margin +€22,999
up €22,999 (+95.3%), from €24,142 to €47,141
- Taxes +€7,553
up €7,553 (+174%), from €4,336 to €11,889
- Depreciation -€797
down €797 (-49.7%), from €1,604 to €807
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,759
Gross operating margin
+€22,999
Depreciation
+€797
Other operating charges
-€359
Financial income
+€100,000
Financial charges
-€222
Taxes
-€7,553
Result 2025
€126,422
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€23,056
Investment
-€1,132
Financing
-€25,859
Cash 2024
€12,552
From operations (derived)
+€23,056
Net result for the year
+€126,422
Depreciation
+€807
Receivables within one year
-€111,926
Trade debts
+€260
Tax, wage and social debts
+€14,234
Other debts
-€6,741
Investment (derived)
-€1,132
Investment in fixed assets (net)
-€1,132
Financing
-€25,859
Debts after one year
-€27,029
Current portion of long-term debt
+€1,169
Cash 2025
€8,616
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €416,040 | €524,355 | +€108,316 | +26.0% |
| Fixed assets | 21/28 | €403,314 | €403,640 | +€325 | +0.1% |
| Tangible fixed assets | 22/27 | €3,314 | €3,640 | +€325 | +9.8% |
| Furniture and vehicles | 24 | €699 | €175 | -€524 | -75.0% |
| Other tangible fixed assets | 26 | €2,615 | €3,465 | +€849 | +32.5% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €12,725 | €120,716 | +€107,990 | +849% |
| Amounts receivable within one year | 40/41 | €174 | €112,100 | +€111,926 | +64,470% |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €174 | €100,000 | +€99,826 | +57,500% |
| Cash at bank and in hand | 54/58 | €12,552 | €8,616 | -€3,936 | -31.4% |
| Total equity and liabilities | 10/49 | €416,040 | €524,355 | +€108,316 | +26.0% |
| Equity | 10/15 | €12,759 | €139,181 | +€126,422 | +991% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,759 | €137,181 | +€126,422 | +1,175% |
| Amounts payable | 17/49 | €403,280 | €385,174 | -€18,106 | -4.5% |
| Amounts payable after more than one year | 17 | €153,448 | €126,419 | -€27,029 | -17.6% |
| Financial debts | 170/4 | €153,448 | €126,419 | -€27,029 | -17.6% |
| Amounts payable within one year | 42/48 | €249,832 | €258,755 | +€8,923 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €25,859 | €27,029 | +€1,169 | +4.5% |
| Trade debts | 44 | - | €260 | +€260 | |
| Suppliers | 440/4 | - | €260 | +€260 | |
| Taxes, remuneration and social security | 45 | €11,511 | €25,745 | +€14,234 | +124% |
| Taxes | 450/3 | €4,736 | €22,345 | +€17,609 | +372% |
| Remuneration and social security | 454/9 | €6,775 | €3,400 | -€3,375 | -49.8% |
| Other amounts payable | 47/48 | €212,462 | €205,721 | -€6,741 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,604 | €807 | -€797 | -49.7% |
| Other operating charges | 640/8 | - | €359 | +€359 | |
| Gross operating margin | 9900 | €24,142 | €47,141 | +€22,999 | +95.3% |
| Operating profit (loss) | 9901 | €22,538 | €45,975 | +€23,437 | +104% |
| Financial income | 75/76B | - | €100,000 | +€100,000 | |
| Recurring financial income | 75 | - | €100,000 | +€100,000 | |
| Financial charges | 65/66B | €7,443 | €7,665 | +€222 | +3.0% |
| Recurring financial charges | 65 | €7,443 | €7,665 | +€222 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €15,095 | €138,311 | +€123,215 | +816% |
| Income taxes | 67/77 | €4,336 | €11,889 | +€7,553 | +174% |
| Profit (loss) for the period | 9904 | €10,759 | €126,422 | +€115,662 | +1,075% |
| Profit (loss) for the period to be appropriated | 9905 | €10,759 | €126,422 | +€115,662 | +1,075% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.