EVA Concept: 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.
EVA Concept
Largest movements
- Intangible fixed assets +€73,295
up €73,295 (+63.2%), from €116,005 to €189,300
- Cash -€55,968
down €55,968 (-97.8%), from €57,236 to €1,268
mainly Investment in fixed assets (net) (-€127,970) and Trade debts (-€108,427)
- Deferred charges and accrued income +€4,714
new in 2025: €4,714
- Trade debts -€108,427
down €108,427 (-97.4%), from €111,347 to €2,920
- Other debts +€106,927
up €106,927 (+436%), from €24,506 to €131,433
- Profit (loss) carried forward +€28,277
up €28,277 (+51.3%), from €55,106 to €83,383
- Tax, wage and social debts -€3,000
down €3,000 (-36.1%), from €8,300 to €5,300
- Depreciation +€20,365
up €20,365 (+59.4%), from €34,310 to €54,676
- Gross operating margin +€7,317
up €7,317 (+8.6%), from €85,384 to €92,702
- Taxes -€3,000
down €3,000 (-36.1%), from €8,304 to €5,303
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 | €204,259 | €228,036 | +€23,777 | +11.6% |
| Fixed assets | 21/28 | €116,005 | €189,300 | +€73,295 | +63.2% |
| Intangible fixed assets | 21 | €116,005 | €189,300 | +€73,295 | +63.2% |
| Current assets | 29/58 | €88,254 | €38,736 | -€49,518 | -56.1% |
| Amounts receivable within one year | 40/41 | €31,018 | €32,754 | +€1,736 | +5.6% |
| Trade receivables | 40 | €19,976 | €16,421 | -€3,555 | -17.8% |
| Other amounts receivable | 41 | €11,042 | €16,333 | +€5,291 | +47.9% |
| Cash at bank and in hand | 54/58 | €57,236 | €1,268 | -€55,968 | -97.8% |
| Deferred charges and accrued income | 490/1 | - | €4,714 | +€4,714 | |
| Total equity and liabilities | 10/49 | €204,259 | €228,036 | +€23,777 | +11.6% |
| Equity | 10/15 | €60,106 | €88,383 | +€28,277 | +47.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,106 | €83,383 | +€28,277 | +51.3% |
| Amounts payable | 17/49 | €144,154 | €139,654 | -€4,500 | -3.1% |
| Amounts payable within one year | 42/48 | €144,154 | €139,654 | -€4,500 | -3.1% |
| Trade debts | 44 | €111,347 | €2,920 | -€108,427 | -97.4% |
| Suppliers | 440/4 | €111,347 | €2,920 | -€108,427 | -97.4% |
| Taxes, remuneration and social security | 45 | €8,300 | €5,300 | -€3,000 | -36.1% |
| Taxes | 450/3 | €8,300 | €5,300 | -€3,000 | -36.1% |
| Other amounts payable | 47/48 | €24,506 | €131,433 | +€106,927 | +436% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,310 | €54,676 | +€20,365 | +59.4% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €85,384 | €92,702 | +€7,317 | +8.6% |
| Operating profit (loss) | 9901 | €50,689 | €37,639 | -€13,051 | -25.7% |
| Financial charges | 65/66B | €3,543 | €4,058 | +€515 | +14.5% |
| Recurring financial charges | 65 | €3,543 | €4,058 | +€515 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €47,146 | €33,580 | -€13,566 | -28.8% |
| Income taxes | 67/77 | €8,304 | €5,303 | -€3,000 | -36.1% |
| Profit (loss) for the period | 9904 | €38,843 | €28,277 | -€10,565 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,843 | €28,277 | -€10,565 | -27.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.