EVALMA: 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.
EVALMA
Largest movements
- Current investments +€99,119
new in 2025: €99,119
- Tangible fixed assets +€10,721
new in 2025: €10,721
of which Furniture and vehicles: +€7,407
- Receivables within one year -€10,322
down €10,322 (-26.8%), from €38,455 to €28,133
- Cash -€8,262
down €8,262 (-17.0%), from €48,720 to €40,458
mainly Current investments (-€99,119) and Investment in fixed assets (net) (-€12,878)
- Reserves +€77,240
up €77,240 (+131%), from €59,131 to €136,371
- Tax, wage and social debts +€12,629
up €12,629 (+52.0%), from €24,279 to €36,908
of which Taxes: +€15,612
- Gross operating margin +€23,812
up €23,812 (+31.7%), from €75,008 to €98,820
- Taxes +€3,864
up €3,864 (+24.5%), from €15,748 to €19,612
- Depreciation +€2,157
new in 2025: €2,157
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 | €87,175 | €178,631 | +€91,456 | +105% |
| Fixed assets | 21/28 | - | €10,721 | +€10,721 | |
| Tangible fixed assets | 22/27 | - | €10,721 | +€10,721 | |
| Plant, machinery and equipment | 23 | - | €3,314 | +€3,314 | |
| Furniture and vehicles | 24 | - | €7,407 | +€7,407 | |
| Current assets | 29/58 | €87,175 | €167,910 | +€80,735 | +92.6% |
| Amounts receivable within one year | 40/41 | €38,455 | €28,133 | -€10,322 | -26.8% |
| Trade receivables | 40 | €38,455 | €28,133 | -€10,322 | -26.8% |
| Current investments | 50/53 | - | €99,119 | +€99,119 | |
| Cash at bank and in hand | 54/58 | €48,720 | €40,458 | -€8,262 | -17.0% |
| Deferred charges and accrued income | 490/1 | - | €200 | +€200 | |
| Total equity and liabilities | 10/49 | €87,175 | €178,631 | +€91,456 | +105% |
| Equity | 10/15 | €62,131 | €139,371 | +€77,240 | +124% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €59,131 | €136,371 | +€77,240 | +131% |
| Distributable reserves | 133 | €59,131 | €136,371 | +€77,240 | +131% |
| Amounts payable | 17/49 | €25,044 | €39,260 | +€14,216 | +56.8% |
| Amounts payable within one year | 42/48 | €25,044 | €39,260 | +€14,216 | +56.8% |
| Trade debts | 44 | €10 | €1,271 | +€1,261 | +12,610% |
| Suppliers | 440/4 | €10 | €1,271 | +€1,261 | +12,610% |
| Taxes, remuneration and social security | 45 | €24,279 | €36,908 | +€12,629 | +52.0% |
| Taxes | 450/3 | €21,296 | €36,908 | +€15,612 | +73.3% |
| Remuneration and social security | 454/9 | €2,983 | - | -€2,983 | |
| Other amounts payable | 47/48 | €755 | €1,081 | +€326 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,157 | +€2,157 | |
| Other operating charges | 640/8 | - | €184 | +€184 | |
| Gross operating margin | 9900 | €75,008 | €98,820 | +€23,812 | +31.7% |
| Operating profit (loss) | 9901 | €75,008 | €96,479 | +€21,471 | +28.6% |
| Financial income | 75/76B | €3 | €449 | +€446 | +14,867% |
| Recurring financial income | 75 | €3 | €449 | +€446 | +14,867% |
| Financial charges | 65/66B | €132 | €75 | -€57 | -43.2% |
| Recurring financial charges | 65 | €132 | €75 | -€57 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €74,879 | €96,853 | +€21,974 | +29.3% |
| Income taxes | 67/77 | €15,748 | €19,612 | +€3,864 | +24.5% |
| Profit (loss) for the period | 9904 | €59,131 | €77,241 | +€18,110 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,131 | €77,241 | +€18,110 | +30.6% |
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 13 October 2026 via checked.be.