EVC LEARNING: 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 LEARNING
Largest movements
- Cash +€61,571
up €61,571 (+97.6%), from €63,092 to €124,663
mainly Current investments (+€30,000) and Net result for the year (+€26,236)
- Current investments -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Receivables within one year -€2,599
down €2,599 (-30.6%), from €8,486 to €5,887
of which Trade receivables: -€2,613
- Deferred charges and accrued income -€1,708
down €1,708 (-92.1%), from €1,855 to €147
- Reserves +€26,000
up €26,000 (+33.8%), from €77,000 to €103,000
- Gross operating margin -€3,304
down €3,304 (-7.9%), from €41,762 to €38,458
- Financial income -€1,412
down €1,412 (-69.1%), from €2,042 to €630
- Taxes -€752
down €752 (-6.5%), from €11,502 to €10,750
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,820 | €131,595 | +€26,774 | +25.5% |
| Fixed assets | 21/28 | €1,387 | €897 | -€490 | -35.3% |
| Tangible fixed assets | 22/27 | €1,387 | €897 | -€490 | -35.3% |
| Plant, machinery and equipment | 23 | €1,387 | €897 | -€490 | -35.3% |
| Current assets | 29/58 | €103,434 | €130,697 | +€27,264 | +26.4% |
| Amounts receivable within one year | 40/41 | €8,486 | €5,887 | -€2,599 | -30.6% |
| Trade receivables | 40 | €8,486 | €5,873 | -€2,613 | -30.8% |
| Other amounts receivable | 41 | - | €14 | +€14 | |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €63,092 | €124,663 | +€61,571 | +97.6% |
| Deferred charges and accrued income | 490/1 | €1,855 | €147 | -€1,708 | -92.1% |
| Total equity and liabilities | 10/49 | €104,820 | €131,595 | +€26,774 | +25.5% |
| Equity | 10/15 | €82,713 | €108,949 | +€26,236 | +31.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €77,000 | €103,000 | +€26,000 | +33.8% |
| Distributable reserves | 133 | €77,000 | €103,000 | +€26,000 | +33.8% |
| Profit (loss) carried forward | 14 | €713 | €949 | +€236 | +33.1% |
| Amounts payable | 17/49 | €22,108 | €22,646 | +€538 | +2.4% |
| Amounts payable within one year | 42/48 | €22,108 | €22,646 | +€538 | +2.4% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,935 | €14,660 | -€275 | -1.8% |
| Taxes | 450/3 | €14,935 | €14,660 | -€275 | -1.8% |
| Other amounts payable | 47/48 | €7,173 | €7,985 | +€813 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490 | €490 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,416 | €1,530 | +€114 | +8.0% |
| Gross operating margin | 9900 | €41,762 | €38,458 | -€3,304 | -7.9% |
| Operating profit (loss) | 9901 | €39,856 | €36,438 | -€3,418 | -8.6% |
| Financial income | 75/76B | €2,042 | €630 | -€1,412 | -69.1% |
| Recurring financial income | 75 | €2,042 | €630 | -€1,412 | -69.1% |
| Financial charges | 65/66B | €99 | €82 | -€17 | -17.4% |
| Recurring financial charges | 65 | €99 | €82 | -€17 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €41,798 | €36,986 | -€4,812 | -11.5% |
| Income taxes | 67/77 | €11,502 | €10,750 | -€752 | -6.5% |
| Profit (loss) for the period | 9904 | €30,297 | €26,236 | -€4,060 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,297 | €26,236 | -€4,060 | -13.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.