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EVADO-PROPERTIES: 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.

What changed

EVADO-PROPERTIES

BE 0438.811.568
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,908
2024 · €35,689-€33,780
Equity
€446,015
2024 · €444,106+€1,908
Cash
€14,719
2024 · €32,162-€17,442
Balance sheet total
€847,874
2024 · €830,963+€16,911

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€27,232

    up €27,232 (+3.6%), from €747,258 to €774,490

    of which Land and buildings: +€37,895

  • Cash -€17,442

    down €17,442 (-54.2%), from €32,162 to €14,719

    mainly Investment in fixed assets (net) (-€92,626) and Trade debts (-€10,620)

Equity and liabilities
  • Other debts +€25,623

    up €25,623 (+7.9%), from €322,923 to €348,546

  • Trade debts -€10,620

    down €10,620 (-16.6%), from €63,934 to €53,314

Income statement
  • Gross operating margin -€35,354

    down €35,354 (-27.3%), from €129,509 to €94,155

  • Taxes -€11,477

    down €11,477 (-95.6%), from €12,000 to €523

  • Depreciation +€10,112

    up €10,112 (+18.3%), from €55,282 to €65,394

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €35,689
Gross operating margin -€35,354
Depreciation -€10,112
Other operating charges +€269
Financial income -€90
Financial charges +€30
Taxes +€11,477
Result 2025 €1,908

Cash bridge derived

cash 2024 to 2025

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.

From operations +€75,183
Investment -€92,626
Financing €0
Cash 2024 €32,162
Net result for the year +€1,908
Depreciation +€65,394
Receivables within one year -€6,002
Deferred charges and accrued income -€1,120
Trade debts -€10,620
Other debts +€25,623
Investment in fixed assets (net) -€92,626
Cash 2025 €14,719
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €830,963 €847,874 +€16,911 +2.0%
Fixed assets 21/28 €747,258 €774,490 +€27,232 +3.6%
Tangible fixed assets 22/27 €747,258 €774,490 +€27,232 +3.6%
Land and buildings 22 €597,975 €635,870 +€37,895 +6.3%
Plant, machinery and equipment 23 €148,702 €138,426 -€10,275 -6.9%
Furniture and vehicles 24 €581 €194 -€387 -66.7%
Current assets 29/58 €83,705 €73,385 -€10,321 -12.3%
Amounts receivable within one year 40/41 €15,743 €21,744 +€6,002 +38.1%
Trade receivables 40 €7,844 €17,681 +€9,838 +125.4%
Other amounts receivable 41 €7,899 €4,063 -€3,836 -48.6%
Cash at bank and in hand 54/58 €32,162 €14,719 -€17,442 -54.2%
Deferred charges and accrued income 490/1 €35,801 €36,921 +€1,120 +3.1%
Total equity and liabilities 10/49 €830,963 €847,874 +€16,911 +2.0%
Equity 10/15 €444,106 €446,015 +€1,908 +0.4%
Contributions 10/11 €402,827 €402,827 = 0.0%
Capital 10 €402,827 €402,827 = 0.0%
Issued capital 100 €402,827 €402,827 = 0.0%
Reserves 13 €40,283 €40,283 = 0.0%
Non-distributable reserves 130/1 €40,283 €40,283 = 0.0%
Legal reserve 130 €40,283 €40,283 = 0.0%
Profit (loss) carried forward 14 €997 €2,905 +€1,908 +191.5%
Amounts payable 17/49 €386,857 €401,860 +€15,003 +3.9%
Amounts payable within one year 42/48 €386,857 €401,860 +€15,003 +3.9%
Trade debts 44 €63,934 €53,314 -€10,620 -16.6%
Suppliers 440/4 €63,934 €53,314 -€10,620 -16.6%
Other amounts payable 47/48 €322,923 €348,546 +€25,623 +7.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €55,282 €65,394 +€10,112 +18.3%
Other operating charges 640/8 €26,621 €26,352 -€269 -1.0%
Gross operating margin 9900 €129,509 €94,155 -€35,354 -27.3%
Operating profit (loss) 9901 €47,607 €2,409 -€45,197 -94.9%
Financial income 75/76B €142 €52 -€90 -63.3%
Recurring financial income 75 €142 €52 -€90 -63.3%
Financial charges 65/66B €60 €30 -€30 -49.7%
Recurring financial charges 65 €60 €30 -€30 -49.7%
Profit (loss) for the period before taxes 9903 €47,689 €2,431 -€45,257 -94.9%
Income taxes 67/77 €12,000 €523 -€11,477 -95.6%
Profit (loss) for the period 9904 €35,689 €1,908 -€33,780 -94.7%
Profit (loss) for the period to be appropriated 9905 €35,689 €1,908 -€33,780 -94.7%

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 2 October 2026 via checked.be.