EV Up: what changed
Two fiscal 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 Up
Largest movements
- Receivables within one year -€226,762
down €226,762 (-81.4%), from €278,697 to €51,934
of which Trade receivables: -€216,347
- Cash +€87,323
up €87,323 (+58.0%), from €150,638 to €237,961
mainly Receivables within one year (+€226,762) and Other debts (+€58,013)
- Tangible fixed assets -€16,862
down €16,862 (-25.3%), from €66,744 to €49,883
- Profit (loss) carried forward -€193,703
down €193,703 (-80.0%), from €242,250 to €48,547
- Other debts +€58,013
new in 2025: €58,013
- Debts after one year -€15,830
down €15,830 (-46.6%), from €33,990 to €18,161
- Gross operating margin -€208,708
down €208,708 (-71.0%), from €293,772 to €85,065
- Taxes -€50,290
down €50,290 (-76.3%), from €65,948 to €15,658
- Financial income -€4,019
no longer reported in 2025 (was €4,019)
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 | €496,178 | €341,277 | -€154,901 | -31.2% |
| Fixed assets | 21/28 | €66,744 | €49,883 | -€16,862 | -25.3% |
| Tangible fixed assets | 22/27 | €66,744 | €49,883 | -€16,862 | -25.3% |
| Furniture and vehicles | 24 | €66,744 | €49,883 | -€16,862 | -25.3% |
| Current assets | 29/58 | €429,434 | €291,395 | -€138,039 | -32.1% |
| Amounts receivable within one year | 40/41 | €278,697 | €51,934 | -€226,762 | -81.4% |
| Trade receivables | 40 | €216,347 | - | -€216,347 | |
| Other amounts receivable | 41 | €62,350 | €51,934 | -€10,415 | -16.7% |
| Cash at bank and in hand | 54/58 | €150,638 | €237,961 | +€87,323 | +58.0% |
| Deferred charges and accrued income | 490/1 | €99 | €1,499 | +€1,400 | +1413.7% |
| Total equity and liabilities | 10/49 | €496,178 | €341,277 | -€154,901 | -31.2% |
| Equity | 10/15 | €376,191 | €182,488 | -€193,703 | -51.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €128,940 | €128,940 | = | 0.0% |
| Distributable reserves | 133 | €128,940 | €128,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,250 | €48,547 | -€193,703 | -80.0% |
| Amounts payable | 17/49 | €119,987 | €158,790 | +€38,803 | +32.3% |
| Amounts payable after more than one year | 17 | €33,990 | €18,161 | -€15,830 | -46.6% |
| Financial debts | 170/4 | €33,990 | €18,161 | -€15,830 | -46.6% |
| Amounts payable within one year | 42/48 | €83,382 | €140,220 | +€56,838 | +68.2% |
| Current portion of amounts payable after more than one year | 42 | €14,982 | €15,830 | +€848 | +5.7% |
| Trade debts | 44 | €952 | €218 | -€734 | -77.1% |
| Suppliers | 440/4 | €952 | €218 | -€734 | -77.1% |
| Taxes, remuneration and social security | 45 | €67,448 | €66,160 | -€1,288 | -1.9% |
| Taxes | 450/3 | €67,448 | €66,160 | -€1,288 | -1.9% |
| Other amounts payable | 47/48 | - | €58,013 | +€58,013 | |
| Accrued charges and deferred income | 492/3 | €2,615 | €409 | -€2,206 | -84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,195 | €17,522 | +€1,327 | +8.2% |
| Other operating charges | 640/8 | €277 | €790 | +€513 | +185.0% |
| Gross operating margin | 9900 | €293,772 | €85,065 | -€208,708 | -71.0% |
| Operating profit (loss) | 9901 | €277,300 | €66,753 | -€210,547 | -75.9% |
| Financial income | 75/76B | €4,019 | - | -€4,019 | |
| Recurring financial income | 75 | €4,019 | - | -€4,019 | |
| Financial charges | 65/66B | €3,121 | €2,548 | -€573 | -18.4% |
| Recurring financial charges | 65 | €3,121 | €2,548 | -€573 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €278,198 | €64,205 | -€213,993 | -76.9% |
| Income taxes | 67/77 | €65,948 | €15,658 | -€50,290 | -76.3% |
| Profit (loss) for the period | 9904 | €212,250 | €48,547 | -€163,703 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €212,250 | €48,547 | -€163,703 | -77.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.