EVC: 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.
EVC
Largest movements
- Stocks and contracts -€865,647
down €865,647 (-100.0%), from €865,647 to €0
- Receivables within one year +€164,172
up €164,172 (+15.2%), from €1.1m to €1.2m
of which Other amounts receivable: +€99,096
- Tangible fixed assets -€52,798
down €52,798 (-21.6%), from €244,669 to €191,871
of which Land and buildings: -€79,021
- Short-term financial debts -€510,000
down €510,000 (-100.0%), from €510,000 to €0
- Debts after one year -€93,469
down €93,469 (-16.6%), from €562,950 to €469,480
of which Financial debts: -€102,299
- Tax, wage and social debts -€34,191
down €34,191 (-49.8%), from €68,652 to €34,461
of which Taxes: -€39,507
- Other debts -€30,118
down €30,118 (-93.8%), from €32,108 to €1,990
- Provisions -€30,053
down €30,053 (-30.3%), from €99,229 to €69,177
- Write-downs +€75,029
new in 2025: €75,029
- Staff costs +€71,452
up €71,452 (+157141.9%), from €45 to €71,498
- Financial charges +€31,854
up €31,854 (+53.0%), from €60,148 to €92,003
- Taxes -€29,359
down €29,359 (-80.2%), from €36,621 to €7,262
- Gross operating margin -€18,541
down €18,541 (-7.0%), from €264,134 to €245,593
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.
Cash bridge derived
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 | €2,423,689 | €1,675,085 | -€748,605 | -30.9% |
| Fixed assets | 21/28 | €248,813 | €195,015 | -€53,798 | -21.6% |
| Intangible fixed assets | 21 | €4,144 | €3,144 | -€1,000 | -24.1% |
| Tangible fixed assets | 22/27 | €244,669 | €191,871 | -€52,798 | -21.6% |
| Land and buildings | 22 | €219,064 | €140,044 | -€79,021 | -36.1% |
| Furniture and vehicles | 24 | €25,605 | €51,827 | +€26,222 | +102.4% |
| Current assets | 29/58 | €2,174,877 | €1,480,070 | -€694,807 | -31.9% |
| Stocks and contracts in progress | 3 | €865,647 | €0 | -€865,647 | -100.0% |
| Stocks | 30/36 | €865,647 | €0 | -€865,647 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,078,318 | €1,242,490 | +€164,172 | +15.2% |
| Trade receivables | 40 | €6,095 | €71,172 | +€65,076 | +1067.6% |
| Other amounts receivable | 41 | €1,072,223 | €1,171,319 | +€99,096 | +9.2% |
| Cash at bank and in hand | 54/58 | €230,383 | €237,580 | +€7,197 | +3.1% |
| Deferred charges and accrued income | 490/1 | €529 | €0 | -€529 | -100.0% |
| Total equity and liabilities | 10/49 | €2,423,689 | €1,675,085 | -€748,605 | -30.9% |
| Equity | 10/15 | €1,006,038 | €997,306 | -€8,732 | -0.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €975,038 | €966,306 | -€8,732 | -0.9% |
| Tax-exempt reserves | 132 | €230,208 | €245,031 | +€14,823 | +6.4% |
| Distributable reserves | 133 | €744,830 | €721,275 | -€23,555 | -3.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €99,229 | €69,177 | -€30,053 | -30.3% |
| Deferred taxes | 168 | €99,229 | €69,177 | -€30,053 | -30.3% |
| Amounts payable | 17/49 | €1,318,422 | €608,602 | -€709,820 | -53.8% |
| Amounts payable after more than one year | 17 | €562,950 | €469,480 | -€93,469 | -16.6% |
| Financial debts | 170/4 | €441,299 | €339,000 | -€102,299 | -23.2% |
| Other amounts payable | 178/9 | €121,651 | €130,480 | +€8,829 | +7.3% |
| Amounts payable within one year | 42/48 | €755,472 | €138,543 | -€616,929 | -81.7% |
| Current portion of amounts payable after more than one year | 42 | €69,701 | €72,630 | +€2,928 | +4.2% |
| Financial debts | 43 | €510,000 | €0 | -€510,000 | -100.0% |
| Credit institutions | 430/8 | €510,000 | €0 | -€510,000 | -100.0% |
| Trade debts | 44 | €50,273 | €29,463 | -€20,810 | -41.4% |
| Suppliers | 440/4 | €50,273 | €29,463 | -€20,810 | -41.4% |
| Advances received on contracts in progress | 46 | €24,739 | €0 | -€24,739 | -100.0% |
| Taxes, remuneration and social security | 45 | €68,652 | €34,461 | -€34,191 | -49.8% |
| Taxes | 450/3 | €68,652 | €29,145 | -€39,507 | -57.5% |
| Remuneration and social security | 454/9 | - | €5,316 | +€5,316 | |
| Other amounts payable | 47/48 | €32,108 | €1,990 | -€30,118 | -93.8% |
| Accrued charges and deferred income | 492/3 | - | €578 | +€578 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €45 | €71,498 | +€71,452 | +157141.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,101 | €25,212 | +€4,112 | +19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €75,029 | +€75,029 | |
| Other operating charges | 640/8 | €29,226 | €13,688 | -€15,538 | -53.2% |
| Gross operating margin | 9900 | €264,134 | €245,593 | -€18,541 | -7.0% |
| Operating profit (loss) | 9901 | €213,762 | €60,166 | -€153,596 | -71.9% |
| Financial income | 75/76B | €2 | €314 | +€312 | +15613.5% |
| Recurring financial income | 75 | €2 | €314 | +€312 | +15613.5% |
| Financial charges | 65/66B | €60,148 | €92,003 | +€31,854 | +53.0% |
| Recurring financial charges | 65 | €60,148 | €92,003 | +€31,854 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €153,615 | -€31,522 | -€185,138 | |
| Transfer from deferred taxes | 780 | €5,161 | €21,237 | +€16,077 | +311.5% |
| Income taxes | 67/77 | €36,621 | €7,262 | -€29,359 | -80.2% |
| Profit (loss) for the period | 9904 | €122,155 | -€17,548 | -€139,702 | |
| Transfer from tax-exempt reserves | 789 | €10,022 | €11,422 | +€1,400 | +14.0% |
| Transfer to tax-exempt reserves | 689 | - | €17,430 | +€17,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €132,177 | -€23,555 | -€155,732 |
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 5 October 2026 via checked.be.