EVALUSION: 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.
EVALUSION
Largest movements
- Current investments +€128,957
new in 2025: €128,957
- Cash -€109,245
down €109,245 (-85.7%), from €127,405 to €18,160
mainly Current investments (-€128,957) and Contributions, distributions and other (-€118,098)
- Receivables within one year -€11,759
down €11,759 (-89.2%), from €13,191 to €1,431
of which Trade receivables: -€12,649
- Profit (loss) carried forward -€48,860
no longer reported in 2025 (was €48,860)
- Other debts +€47,631
up €47,631 (+327%), from €14,552 to €62,182
- Tax, wage and social debts +€10,386
up €10,386 (+81.3%), from €12,776 to €23,162
- Gross operating margin +€26,554
up €26,554 (+42.6%), from €62,296 to €88,851
- Taxes +€5,109
up €5,109 (+40.0%), from €12,781 to €17,890
- Financial charges +€1,832
up €1,832 (+275%), from €667 to €2,498
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 | €141,505 | €150,675 | +€9,169 | +6.5% |
| Fixed assets | 21/28 | €909 | €1,608 | +€698 | +76.8% |
| Tangible fixed assets | 22/27 | €909 | €1,608 | +€698 | +76.8% |
| Plant, machinery and equipment | 23 | - | €905 | +€905 | |
| Furniture and vehicles | 24 | €909 | €703 | -€207 | -22.7% |
| Current assets | 29/58 | €140,596 | €149,067 | +€8,471 | +6.0% |
| Amounts receivable within one year | 40/41 | €13,191 | €1,431 | -€11,759 | -89.2% |
| Trade receivables | 40 | €12,692 | €43 | -€12,649 | -99.7% |
| Other amounts receivable | 41 | €499 | €1,388 | +€889 | +178% |
| Current investments | 50/53 | - | €128,957 | +€128,957 | |
| Cash at bank and in hand | 54/58 | €127,405 | €18,160 | -€109,245 | -85.7% |
| Deferred charges and accrued income | 490/1 | - | €518 | +€518 | |
| Total equity and liabilities | 10/49 | €141,505 | €150,675 | +€9,169 | +6.5% |
| Equity | 10/15 | €113,227 | €64,367 | -€48,860 | -43.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,367 | €59,367 | = | 0.0% |
| Distributable reserves | 133 | €59,367 | €59,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,860 | - | -€48,860 | |
| Amounts payable | 17/49 | €28,278 | €86,307 | +€58,030 | +205% |
| Amounts payable within one year | 42/48 | €28,278 | €86,307 | +€58,030 | +205% |
| Trade debts | 44 | €950 | €963 | +€13 | +1.4% |
| Suppliers | 440/4 | €950 | €963 | +€13 | +1.4% |
| Taxes, remuneration and social security | 45 | €12,776 | €23,162 | +€10,386 | +81.3% |
| Taxes | 450/3 | €12,776 | €23,162 | +€10,386 | +81.3% |
| Other amounts payable | 47/48 | €14,552 | €62,182 | +€47,631 | +327% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €431 | €516 | +€85 | +19.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €62,296 | €88,851 | +€26,554 | +42.6% |
| Operating profit (loss) | 9901 | €61,478 | €87,935 | +€26,457 | +43.0% |
| Financial income | 75/76B | €830 | €1,691 | +€861 | +104% |
| Recurring financial income | 75 | €830 | €1,691 | +€861 | +104% |
| Financial charges | 65/66B | €667 | €2,498 | +€1,832 | +275% |
| Recurring financial charges | 65 | €667 | €2,498 | +€1,832 | +275% |
| Profit (loss) for the period before taxes | 9903 | €61,641 | €87,127 | +€25,486 | +41.3% |
| Income taxes | 67/77 | €12,781 | €17,890 | +€5,109 | +40.0% |
| Profit (loss) for the period | 9904 | €48,860 | €69,238 | +€20,378 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,860 | €69,238 | +€20,378 | +41.7% |
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.