EVALEUR: 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.
What changed
EVALEUR
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€74,244
2024 · -€30,610-€43,634
Equity
€6.3m
2024 · €6.4m-€74,244
Cash
€13,729
2024 · €14,737-€1,008
Balance sheet total
€7.5m
2024 · €7.3m+€198,550
Largest movements
Assets
- Receivables after one year +€200,000
new in 2025: €200,000
Equity and liabilities
- Other debts +€387,747
up €387,747 (+84.6%), from €458,151 to €845,898
- Current portion of long-term debt -€162,875
down €162,875 (-74.8%), from €217,858 to €54,983
- Debts after one year +€145,017
up €145,017 (+264%), from €54,983 to €200,000
- Trade debts -€106,880
down €106,880 (-97.5%), from €109,570 to €2,690
Income statement
- Staff costs +€20,103
up €20,103 (+26.6%), from €75,442 to €95,545
- Financial charges +€13,825
up €13,825 (+71.4%), from €19,354 to €33,179
- Services and other goods +€12,373
up €12,373 (+10.8%), from €114,594 to €126,967
- Other operating income +€2,556
up €2,556 (+7,603%), from €34 to €2,590
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.
Result 2024
-€30,610
Other operating income
+€2,556
Services and other goods
-€12,373
Staff costs
-€20,103
Other operating charges
-€35
Financial charges
-€13,825
Taxes
+€146
Result 2025
-€74,244
raises the resultlowers the result
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.
From operations
+€28,851
Investment
€0
Financing
-€29,858
Cash 2024
€14,737
From operations (derived)
+€28,851
Net result for the year
-€74,244
Receivables after one year
-€200,000
Receivables within one year
-€4,337
Deferred charges and accrued income
+€4,779
Trade debts
-€106,880
Tax, wage and social debts
-€7,086
Other debts
+€387,747
Accrued charges and deferred income
+€28,871
Financing
-€29,858
Debts after one year
+€145,017
Current portion of long-term debt
-€162,875
Short-term financial debts
-€12,000
Cash 2025
€13,729
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,277,816 | €7,476,366 | +€198,550 | +2.7% |
| Fixed assets | 21/28 | €7,187,538 | €7,187,538 | = | 0.0% |
| Financial fixed assets | 28 | €7,187,538 | €7,187,538 | = | 0.0% |
| Affiliated companies | 280/1 | €7,187,538 | €7,187,538 | = | 0.0% |
| Participating interests | 280 | €7,187,538 | €7,187,538 | = | 0.0% |
| Current assets | 29/58 | €90,278 | €288,828 | +€198,550 | +220% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €70,762 | €75,099 | +€4,337 | +6.1% |
| Trade receivables | 40 | - | €45,000 | +€45,000 | |
| Other amounts receivable | 41 | €70,762 | €30,099 | -€40,663 | -57.5% |
| Cash at bank and in hand | 54/58 | €14,737 | €13,729 | -€1,008 | -6.8% |
| Deferred charges and accrued income | 490/1 | €4,779 | €0 | -€4,779 | -100% |
| Total equity and liabilities | 10/49 | €7,277,816 | €7,476,366 | +€198,550 | +2.7% |
| Equity | 10/15 | €6,397,371 | €6,323,127 | -€74,244 | -1.2% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €5,397,371 | €5,323,127 | -€74,244 | -1.4% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €5,297,371 | €5,223,127 | -€74,244 | -1.4% |
| Amounts payable | 17/49 | €880,445 | €1,153,239 | +€272,794 | +31.0% |
| Amounts payable after more than one year | 17 | €54,983 | €200,000 | +€145,017 | +264% |
| Financial debts | 170/4 | €54,983 | €200,000 | +€145,017 | +264% |
| Subordinated loans | 170 | - | €200,000 | +€200,000 | |
| Credit institutions | 173 | €54,983 | €0 | -€54,983 | -100% |
| Amounts payable within one year | 42/48 | €825,462 | €924,368 | +€98,906 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €217,858 | €54,983 | -€162,875 | -74.8% |
| Financial debts | 43 | €12,000 | €0 | -€12,000 | -100% |
| Credit institutions | 430/8 | €12,000 | €0 | -€12,000 | -100% |
| Trade debts | 44 | €109,570 | €2,690 | -€106,880 | -97.5% |
| Suppliers | 440/4 | €109,570 | €2,690 | -€106,880 | -97.5% |
| Taxes, remuneration and social security | 45 | €27,882 | €20,796 | -€7,086 | -25.4% |
| Taxes | 450/3 | €13,578 | €4,176 | -€9,402 | -69.2% |
| Remuneration and social security | 454/9 | €14,304 | €16,620 | +€2,316 | +16.2% |
| Other amounts payable | 47/48 | €458,151 | €845,898 | +€387,747 | +84.6% |
| Accrued charges and deferred income | 492/3 | - | €28,871 | +€28,871 | |
| Operating income | 70/76A | €180,034 | €182,590 | +€2,556 | +1.4% |
| Turnover | 70 | €180,000 | €180,000 | = | 0.0% |
| Other operating income | 74 | €34 | €2,590 | +€2,556 | +7,603% |
| Operating charges | 60/66A | €191,144 | €223,655 | +€32,511 | +17.0% |
| Services and other goods | 61 | €114,594 | €126,967 | +€12,373 | +10.8% |
| Remuneration, social security and pensions | 62 | €75,442 | €95,545 | +€20,103 | +26.6% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Operating profit (loss) | 9901 | -€11,110 | -€41,065 | -€29,955 | -270% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €19,354 | €33,179 | +€13,825 | +71.4% |
| Recurring financial charges | 65 | €19,354 | €33,179 | +€13,825 | +71.4% |
| Debt charges | 650 | €18,617 | €32,646 | +€14,029 | +75.4% |
| Other financial charges | 652/9 | €736 | €533 | -€204 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | -€30,464 | -€74,244 | -€43,780 | -144% |
| Income taxes | 67/77 | €146 | €0 | -€146 | -100% |
| Taxes | 670/3 | €146 | €0 | -€146 | -100% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€30,610 | -€74,244 | -€43,634 | -143% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,610 | -€74,244 | -€43,634 | -143% |
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 26 October 2026 via checked.be.