EV GN: 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.
EV GN
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets +€39,244
up €39,244 (+17.8%), from €220,132 to €259,375
of which Furniture and vehicles: +€51,302
- Receivables within one year +€24,528
up €24,528 (+20.0%), from €122,371 to €146,899
of which Trade receivables: +€16,000
- Cash +€16,964
up €16,964 (+15.0%), from €113,079 to €130,043
mainly Other debts (+€217,801) and Net result for the year (+€214,355)
- Other debts +€217,801
new in 2025: €217,801
- Reserves -€118,664
down €118,664 (-30.8%), from €385,857 to €267,193
- Debts after one year +€32,479
new in 2025: €32,479
- Tax, wage and social debts -€26,719
down €26,719 (-48.1%), from €55,599 to €28,881
of which Taxes: -€26,726
- Current portion of long-term debt +€16,193
new in 2025: €16,193
- Gross operating margin +€127,916
up €127,916 (+73.0%), from €175,146 to €303,061
- Taxes +€29,741
up €29,741 (+75.2%), from €39,532 to €69,273
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 | €461,538 | €594,036 | +€132,498 | +28.7% |
| Fixed assets | 21/28 | €220,132 | €259,375 | +€39,244 | +17.8% |
| Tangible fixed assets | 22/27 | €220,132 | €259,375 | +€39,244 | +17.8% |
| Plant, machinery and equipment | 23 | €3,134 | €2,487 | -€647 | -20.6% |
| Furniture and vehicles | 24 | €18,348 | €69,650 | +€51,302 | +280% |
| Other tangible fixed assets | 26 | €198,650 | €187,238 | -€11,412 | -5.7% |
| Current assets | 29/58 | €241,407 | €334,661 | +€93,254 | +38.6% |
| Amounts receivable within one year | 40/41 | €122,371 | €146,899 | +€24,528 | +20.0% |
| Trade receivables | 40 | €105,640 | €121,640 | +€16,000 | +15.1% |
| Other amounts receivable | 41 | €16,731 | €25,259 | +€8,528 | +51.0% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €113,079 | €130,043 | +€16,964 | +15.0% |
| Deferred charges and accrued income | 490/1 | €5,956 | €7,719 | +€1,762 | +29.6% |
| Total equity and liabilities | 10/49 | €461,538 | €594,036 | +€132,498 | +28.7% |
| Equity | 10/15 | €404,457 | €285,793 | -€118,664 | -29.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €385,857 | €267,193 | -€118,664 | -30.8% |
| Distributable reserves | 133 | €385,857 | €267,193 | -€118,664 | -30.8% |
| Amounts payable | 17/49 | €57,081 | €308,243 | +€251,162 | +440% |
| Amounts payable after more than one year | 17 | - | €32,479 | +€32,479 | |
| Financial debts | 170/4 | - | €32,479 | +€32,479 | |
| Amounts payable within one year | 42/48 | €57,081 | €275,765 | +€218,684 | +383% |
| Current portion of amounts payable after more than one year | 42 | - | €16,193 | +€16,193 | |
| Financial debts | 43 | - | €10,091 | +€10,091 | |
| Credit institutions | 430/8 | - | €10,091 | +€10,091 | |
| Trade debts | 44 | €1,482 | €2,800 | +€1,318 | +89.0% |
| Suppliers | 440/4 | €1,482 | €2,800 | +€1,318 | +89.0% |
| Taxes, remuneration and social security | 45 | €55,599 | €28,881 | -€26,719 | -48.1% |
| Taxes | 450/3 | €51,902 | €25,175 | -€26,726 | -51.5% |
| Remuneration and social security | 454/9 | €3,698 | €3,705 | +€8 | +0.2% |
| Other amounts payable | 47/48 | - | €217,801 | +€217,801 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,689 | €19,401 | +€1,712 | +9.7% |
| Other operating charges | 640/8 | €690 | €544 | -€147 | -21.2% |
| Gross operating margin | 9900 | €175,146 | €303,061 | +€127,916 | +73.0% |
| Operating profit (loss) | 9901 | €156,766 | €283,117 | +€126,351 | +80.6% |
| Financial income | 75/76B | €0 | €1,284 | +€1,284 | +1,605,075% |
| Recurring financial income | 75 | €0 | €1,284 | +€1,284 | +1,605,075% |
| Financial charges | 65/66B | €429 | €773 | +€344 | +80.0% |
| Recurring financial charges | 65 | €429 | €773 | +€344 | +80.0% |
| Profit (loss) for the period before taxes | 9903 | €156,337 | €283,628 | +€127,291 | +81.4% |
| Income taxes | 67/77 | €39,532 | €69,273 | +€29,741 | +75.2% |
| Profit (loss) for the period | 9904 | €116,804 | €214,355 | +€97,551 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €116,804 | €214,355 | +€97,551 | +83.5% |
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.