EV&P: 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&P
Largest movements
- Tangible fixed assets +€31,579
up €31,579 (+7.4%), from €424,251 to €455,830
of which Land and buildings: +€23,157
- Deferred charges and accrued income -€23,153
down €23,153 (-7.0%), from €332,055 to €308,902
- Other debts +€20,000
up €20,000 (+16.7%), from €120,008 to €140,008
- Reserves -€16,170
down €16,170 (-67.6%), from €23,927 to €7,757
- Gross operating margin -€28,087
down €28,087 (-89.0%), from €31,557 to €3,470
- Taxes -€5,982
down €5,982 (-100.0%), from €5,982 to €0
- Depreciation +€2,004
up €2,004 (+22.6%), from €8,867 to €10,871
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 | €802,404 | €807,990 | +€5,586 | +0.7% |
| Fixed assets | 21/28 | €424,251 | €455,830 | +€31,579 | +7.4% |
| Tangible fixed assets | 22/27 | €424,251 | €455,830 | +€31,579 | +7.4% |
| Land and buildings | 22 | €191,079 | €214,236 | +€23,157 | +12.1% |
| Other tangible fixed assets | 26 | €233,172 | €241,594 | +€8,422 | +3.6% |
| Current assets | 29/58 | €378,152 | €352,160 | -€25,993 | -6.9% |
| Amounts receivable within one year | 40/41 | €718 | €919 | +€201 | +28.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €718 | €919 | +€201 | +28.0% |
| Cash at bank and in hand | 54/58 | €45,380 | €42,339 | -€3,041 | -6.7% |
| Deferred charges and accrued income | 490/1 | €332,055 | €308,902 | -€23,153 | -7.0% |
| Total equity and liabilities | 10/49 | €802,404 | €807,990 | +€5,586 | +0.7% |
| Equity | 10/15 | €86,427 | €70,257 | -€16,170 | -18.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €23,927 | €7,757 | -€16,170 | -67.6% |
| Distributable reserves | 133 | €23,927 | €7,757 | -€16,170 | -67.6% |
| Amounts payable | 17/49 | €715,976 | €737,733 | +€21,756 | +3.0% |
| Amounts payable after more than one year | 17 | €437,500 | €437,500 | = | 0.0% |
| Financial debts | 170/4 | €437,500 | €437,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €278,476 | €300,233 | +€21,756 | +7.8% |
| Trade debts | 44 | €155,736 | €157,492 | +€1,756 | +1.1% |
| Suppliers | 440/4 | €155,736 | €157,492 | +€1,756 | +1.1% |
| Taxes, remuneration and social security | 45 | €2,733 | €2,733 | = | 0.0% |
| Taxes | 450/3 | €2,733 | €2,733 | = | 0.0% |
| Other amounts payable | 47/48 | €120,008 | €140,008 | +€20,000 | +16.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €24,815 | €24,815 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,867 | €10,871 | +€2,004 | +22.6% |
| Other operating charges | 640/8 | €8,929 | €8,676 | -€253 | -2.8% |
| Gross operating margin | 9900 | €31,557 | €3,470 | -€28,087 | -89.0% |
| Operating profit (loss) | 9901 | €13,761 | -€16,077 | -€29,838 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €96 | €93 | -€2 | -2.3% |
| Recurring financial charges | 65 | €96 | €93 | -€2 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €13,666 | -€16,170 | -€29,836 | |
| Income taxes | 67/77 | €5,982 | €0 | -€5,982 | -100.0% |
| Profit (loss) for the period | 9904 | €7,684 | -€16,170 | -€23,854 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,684 | -€16,170 | -€23,854 |
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 9 October 2026 via checked.be.