EVA: 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.
EVA
Largest movements
- Tangible fixed assets +€31,364
up €31,364 (+42.7%), from €73,374 to €104,738
of which Furniture and vehicles: +€35,343
- Deferred charges and accrued income -€2,186
down €2,186 (-49.1%), from €4,450 to €2,263
- Debts after one year +€29,083
up €29,083 (+61.6%), from €47,201 to €76,284
of which Financial debts: +€16,083
- Other debts -€8,668
down €8,668 (-62.2%), from €13,932 to €5,264
- Current portion of long-term debt +€8,045
up €8,045 (+89.6%), from €8,979 to €17,023
- Trade debts -€3,021
down €3,021 (-76.2%), from €3,964 to €943
- Accrued charges and deferred income +€2,891
up €2,891 (+73.0%), from €3,961 to €6,852
- Gross operating margin +€37,623
up €37,623 (+411.0%), from €9,153 to €46,776
- Depreciation +€32,660
up €32,660 (+706.0%), from €4,626 to €37,286
- Financial charges +€3,232
up €3,232 (+240.1%), from €1,346 to €4,578
- Other operating charges +€717
up €717 (+76.4%), from €939 to €1,655
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 | €125,513 | €155,152 | +€29,639 | +23.6% |
| Fixed assets | 21/28 | €73,374 | €104,738 | +€31,364 | +42.7% |
| Tangible fixed assets | 22/27 | €73,374 | €104,738 | +€31,364 | +42.7% |
| Plant, machinery and equipment | 23 | €19,607 | €15,871 | -€3,737 | -19.1% |
| Furniture and vehicles | 24 | €51,346 | €86,688 | +€35,343 | +68.8% |
| Other tangible fixed assets | 26 | €2,421 | €2,179 | -€242 | -10.0% |
| Current assets | 29/58 | €52,139 | €50,414 | -€1,725 | -3.3% |
| Amounts receivable within one year | 40/41 | €8,070 | €7,886 | -€184 | -2.3% |
| Trade receivables | 40 | €100 | - | -€100 | |
| Other amounts receivable | 41 | €7,970 | €7,886 | -€84 | -1.1% |
| Cash at bank and in hand | 54/58 | €39,619 | €40,265 | +€646 | +1.6% |
| Deferred charges and accrued income | 490/1 | €4,450 | €2,263 | -€2,186 | -49.1% |
| Total equity and liabilities | 10/49 | €125,513 | €155,152 | +€29,639 | +23.6% |
| Equity | 10/15 | €47,014 | €48,324 | +€1,309 | +2.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €27,014 | €28,324 | +€1,309 | +4.8% |
| Distributable reserves | 133 | €27,014 | €28,324 | +€1,309 | +4.8% |
| Amounts payable | 17/49 | €78,499 | €106,829 | +€28,330 | +36.1% |
| Amounts payable after more than one year | 17 | €47,201 | €76,284 | +€29,083 | +61.6% |
| Financial debts | 170/4 | €32,201 | €48,284 | +€16,083 | +49.9% |
| Other amounts payable | 178/9 | €15,000 | €28,000 | +€13,000 | +86.7% |
| Amounts payable within one year | 42/48 | €27,337 | €23,693 | -€3,644 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €8,979 | €17,023 | +€8,045 | +89.6% |
| Trade debts | 44 | €3,964 | €943 | -€3,021 | -76.2% |
| Suppliers | 440/4 | €3,964 | €943 | -€3,021 | -76.2% |
| Taxes, remuneration and social security | 45 | €463 | €463 | = | 0.0% |
| Taxes | 450/3 | €463 | €463 | = | 0.0% |
| Other amounts payable | 47/48 | €13,932 | €5,264 | -€8,668 | -62.2% |
| Accrued charges and deferred income | 492/3 | €3,961 | €6,852 | +€2,891 | +73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,626 | €37,286 | +€32,660 | +706.0% |
| Other operating charges | 640/8 | €939 | €1,655 | +€717 | +76.4% |
| Gross operating margin | 9900 | €9,153 | €46,776 | +€37,623 | +411.0% |
| Operating profit (loss) | 9901 | €3,588 | €7,835 | +€4,246 | +118.3% |
| Financial income | 75/76B | €29 | €8 | -€21 | -71.2% |
| Recurring financial income | 75 | €29 | €8 | -€21 | -71.2% |
| Financial charges | 65/66B | €1,346 | €4,578 | +€3,232 | +240.1% |
| Recurring financial charges | 65 | €1,346 | €4,578 | +€3,232 | +240.1% |
| Profit (loss) for the period before taxes | 9903 | €2,272 | €3,265 | +€993 | +43.7% |
| Income taxes | 67/77 | €992 | €1,123 | +€131 | +13.2% |
| Profit (loss) for the period | 9904 | €1,280 | €2,142 | +€862 | +67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,280 | €2,142 | +€862 | +67.4% |
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 30 September 2026 via checked.be.