EV MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments -€50,000
down €50,000 (-25.0%), from €200,000 to €150,000
- Tangible fixed assets +€32,117
up €32,117 (+667%), from €4,812 to €36,929
of which Furniture and vehicles: +€32,772
- Receivables within one year -€10,599
down €10,599 (-63.8%), from €16,613 to €6,014
of which Trade receivables: -€15,015
- Cash -€5,624
down €5,624 (-7.1%), from €78,892 to €73,268
mainly Other debts (-€53,880) and Investment in fixed assets (net) (-€38,228)
- Other debts -€53,880
down €53,880 (-98.2%), from €54,843 to €963
- Profit (loss) carried forward +€30,821
new in 2025: €30,821
- Tax, wage and social debts -€11,916
down €11,916 (-79.9%), from €14,916 to €3,000
of which Taxes: -€14,916
- Gross operating margin -€62,121
down €62,121 (-61.9%), from €100,288 to €38,167
- Taxes -€10,442
down €10,442 (-56.7%), from €18,430 to €7,988
- Financial income +€8,292
new in 2025: €8,292
- Depreciation -€7,474
down €7,474 (-55.0%), from €13,585 to €6,111
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 | €301,634 | €266,211 | -€35,423 | -11.7% |
| Fixed assets | 21/28 | €4,812 | €36,929 | +€32,117 | +667% |
| Tangible fixed assets | 22/27 | €4,812 | €36,929 | +€32,117 | +667% |
| Furniture and vehicles | 24 | €4,140 | €36,912 | +€32,772 | +792% |
| Other tangible fixed assets | 26 | €672 | €17 | -€655 | -97.5% |
| Current assets | 29/58 | €296,822 | €229,282 | -€67,540 | -22.8% |
| Amounts receivable within one year | 40/41 | €16,613 | €6,014 | -€10,599 | -63.8% |
| Trade receivables | 40 | €15,184 | €169 | -€15,015 | -98.9% |
| Other amounts receivable | 41 | €1,429 | €5,844 | +€4,415 | +309% |
| Current investments | 50/53 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €78,892 | €73,268 | -€5,624 | -7.1% |
| Deferred charges and accrued income | 490/1 | €1,317 | - | -€1,317 | |
| Total equity and liabilities | 10/49 | €301,634 | €266,211 | -€35,423 | -11.7% |
| Equity | 10/15 | €230,460 | €261,281 | +€30,821 | +13.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €210,000 | €210,000 | = | 0.0% |
| Distributable reserves | 133 | €210,000 | €210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €30,821 | +€30,821 | |
| Amounts payable | 17/49 | €71,174 | €4,930 | -€66,244 | -93.1% |
| Amounts payable within one year | 42/48 | €71,174 | €4,930 | -€66,244 | -93.1% |
| Trade debts | 44 | €1,415 | €967 | -€448 | -31.6% |
| Suppliers | 440/4 | €1,415 | €967 | -€448 | -31.6% |
| Taxes, remuneration and social security | 45 | €14,916 | €3,000 | -€11,916 | -79.9% |
| Taxes | 450/3 | €14,916 | - | -€14,916 | |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €54,843 | €963 | -€53,880 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,585 | €6,111 | -€7,474 | -55.0% |
| Other operating charges | 640/8 | €734 | €1,298 | +€564 | +76.8% |
| Gross operating margin | 9900 | €100,288 | €38,167 | -€62,121 | -61.9% |
| Operating profit (loss) | 9901 | €85,969 | €30,759 | -€55,211 | -64.2% |
| Financial income | 75/76B | - | €8,292 | +€8,292 | |
| Recurring financial income | 75 | - | €8,292 | +€8,292 | |
| Financial charges | 65/66B | €133 | €242 | +€109 | +82.2% |
| Recurring financial charges | 65 | €133 | €242 | +€109 | +82.2% |
| Profit (loss) for the period before taxes | 9903 | €85,837 | €38,809 | -€47,028 | -54.8% |
| Income taxes | 67/77 | €18,430 | €7,988 | -€10,442 | -56.7% |
| Profit (loss) for the period | 9904 | €67,406 | €30,821 | -€36,586 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,406 | €30,821 | -€36,586 | -54.3% |
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 17 October 2026 via checked.be.