EVD Strategy: 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.
EVD Strategy
Largest movements
- Cash +€32,582
up €32,582 (+54.8%), from €59,461 to €92,042
mainly Net result for the year (+€59,151) and Tax, wage and social debts (+€5,687)
- Receivables within one year +€9,887
up €9,887 (+177.0%), from €5,586 to €15,473
of which Trade receivables: +€9,368
- Profit (loss) carried forward +€47,151
up €47,151 (+150.4%), from €31,348 to €78,499
- Tax, wage and social debts +€5,687
up €5,687 (+36.7%), from €15,517 to €21,205
- Trade debts -€5,114
down €5,114 (-96.2%), from €5,317 to €203
- Debts after one year -€3,961
down €3,961 (-29.4%), from €13,456 to €9,494
- Gross operating margin +€13,498
up €13,498 (+21.2%), from €63,591 to €77,089
- Taxes +€3,145
up €3,145 (+25.3%), from €12,450 to €15,595
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 | €67,148 | €110,930 | +€43,782 | +65.2% |
| Fixed assets | 21/28 | €1,610 | €2,429 | +€819 | +50.9% |
| Tangible fixed assets | 22/27 | €1,610 | €2,429 | +€819 | +50.9% |
| Plant, machinery and equipment | 23 | €821 | €1,799 | +€978 | +119.2% |
| Furniture and vehicles | 24 | €789 | €630 | -€159 | -20.1% |
| Current assets | 29/58 | €65,538 | €108,501 | +€42,963 | +65.6% |
| Amounts receivable within one year | 40/41 | €5,586 | €15,473 | +€9,887 | +177.0% |
| Trade receivables | 40 | €5,286 | €14,654 | +€9,368 | +177.2% |
| Other amounts receivable | 41 | €300 | €819 | +€519 | +172.9% |
| Cash at bank and in hand | 54/58 | €59,461 | €92,042 | +€32,582 | +54.8% |
| Deferred charges and accrued income | 490/1 | €491 | €986 | +€495 | +100.7% |
| Total equity and liabilities | 10/49 | €67,148 | €110,930 | +€43,782 | +65.2% |
| Equity | 10/15 | €32,848 | €79,999 | +€47,151 | +143.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,348 | €78,499 | +€47,151 | +150.4% |
| Amounts payable | 17/49 | €34,300 | €30,931 | -€3,369 | -9.8% |
| Amounts payable after more than one year | 17 | €13,456 | €9,494 | -€3,961 | -29.4% |
| Other amounts payable | 178/9 | €13,456 | €9,494 | -€3,961 | -29.4% |
| Amounts payable within one year | 42/48 | €20,844 | €21,436 | +€592 | +2.8% |
| Financial debts | 43 | €10 | €28 | +€19 | +195.8% |
| Credit institutions | 430/8 | €10 | €28 | +€19 | +195.8% |
| Trade debts | 44 | €5,317 | €203 | -€5,114 | -96.2% |
| Suppliers | 440/4 | €5,317 | €203 | -€5,114 | -96.2% |
| Taxes, remuneration and social security | 45 | €15,517 | €21,205 | +€5,687 | +36.7% |
| Taxes | 450/3 | €15,517 | €21,205 | +€5,687 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60 | €502 | +€443 | +742.9% |
| Other operating charges | 640/8 | €347 | €64 | -€283 | -81.6% |
| Gross operating margin | 9900 | €63,591 | €77,089 | +€13,498 | +21.2% |
| Operating profit (loss) | 9901 | €63,185 | €76,523 | +€13,338 | +21.1% |
| Financial charges | 65/66B | €1,886 | €1,777 | -€109 | -5.8% |
| Recurring financial charges | 65 | €1,886 | €1,777 | -€109 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €61,299 | €74,746 | +€13,447 | +21.9% |
| Income taxes | 67/77 | €12,450 | €15,595 | +€3,145 | +25.3% |
| Profit (loss) for the period | 9904 | €48,849 | €59,151 | +€10,302 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,849 | €59,151 | +€10,302 | +21.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.