EVDGB: 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.
EVDGB
Largest movements
- Tangible fixed assets +€533,791
up €533,791 (+783.5%), from €68,132 to €601,923
of which Land and buildings: +€436,522
- Deferred charges and accrued income +€121,330
up €121,330 (+1905.2%), from €6,368 to €127,698
- Cash -€12,870
down €12,870 (-14.8%), from €87,084 to €74,214
mainly Investment in fixed assets (net) (-€628,537) and Deferred charges and accrued income (-€121,330)
- Debts after one year +€506,310
up €506,310 (+5998.8%), from €8,440 to €514,750
- Reserves +€67,854
up €67,854 (+34.2%), from €198,666 to €266,520
of which Tax-exempt reserves: +€67,854
- Current portion of long-term debt +€46,937
up €46,937 (+615.1%), from €7,630 to €54,568
- Trade debts +€46,610
up €46,610 (+210.2%), from €22,171 to €68,781
- Profit (loss) carried forward -€37,749
down €37,749, from €102 to -€37,647
- Depreciation +€58,555
up €58,555 (+154.7%), from €37,858 to €96,413
- Gross operating margin +€46,411
up €46,411 (+37.3%), from €124,383 to €170,794
- Staff costs -€43,269
down €43,269 (-80.5%), from €53,773 to €10,504
- Taxes -€9,334
down €9,334 (-98.6%), from €9,466 to €132
- Financial charges +€5,254
up €5,254 (+300.1%), from €1,751 to €7,005
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 | €267,064 | €906,505 | +€639,441 | +239.4% |
| Fixed assets | 21/28 | €70,049 | €602,173 | +€532,124 | +759.6% |
| Intangible fixed assets | 21 | €1,917 | - | -€1,917 | |
| Tangible fixed assets | 22/27 | €68,132 | €601,923 | +€533,791 | +783.5% |
| Land and buildings | 22 | - | €436,522 | +€436,522 | |
| Plant, machinery and equipment | 23 | €3,519 | €97,776 | +€94,257 | +2678.6% |
| Furniture and vehicles | 24 | €1,041 | €53,221 | +€52,180 | +5013.0% |
| Other tangible fixed assets | 26 | €63,572 | €14,403 | -€49,169 | -77.3% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €197,016 | €304,332 | +€107,317 | +54.5% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €21,447 | €22,050 | +€603 | +2.8% |
| Stocks | 30/36 | €21,447 | €22,050 | +€603 | +2.8% |
| Amounts receivable within one year | 40/41 | €62,115 | €60,370 | -€1,745 | -2.8% |
| Trade receivables | 40 | €8,164 | €7,186 | -€977 | -12.0% |
| Other amounts receivable | 41 | €53,952 | €53,184 | -€768 | -1.4% |
| Cash at bank and in hand | 54/58 | €87,084 | €74,214 | -€12,870 | -14.8% |
| Deferred charges and accrued income | 490/1 | €6,368 | €127,698 | +€121,330 | +1905.2% |
| Total equity and liabilities | 10/49 | €267,064 | €906,505 | +€639,441 | +239.4% |
| Equity | 10/15 | €204,968 | €235,073 | +€30,105 | +14.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €198,666 | €266,520 | +€67,854 | +34.2% |
| Tax-exempt reserves | 132 | - | €67,854 | +€67,854 | |
| Distributable reserves | 133 | €198,666 | €198,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102 | -€37,647 | -€37,749 | |
| Provisions and deferred taxes | 16 | - | €22,618 | +€22,618 | |
| Deferred taxes | 168 | - | €22,618 | +€22,618 | |
| Amounts payable | 17/49 | €62,096 | €648,815 | +€586,718 | +944.9% |
| Amounts payable after more than one year | 17 | €8,440 | €514,750 | +€506,310 | +5998.8% |
| Financial debts | 170/4 | €8,440 | €514,750 | +€506,310 | +5998.8% |
| Amounts payable within one year | 42/48 | €53,656 | €134,064 | +€80,409 | +149.9% |
| Current portion of amounts payable after more than one year | 42 | €7,630 | €54,568 | +€46,937 | +615.1% |
| Trade debts | 44 | €22,171 | €68,781 | +€46,610 | +210.2% |
| Suppliers | 440/4 | €22,171 | €68,781 | +€46,610 | +210.2% |
| Taxes, remuneration and social security | 45 | €17,054 | €7,783 | -€9,271 | -54.4% |
| Taxes | 450/3 | €9,436 | - | -€9,436 | |
| Remuneration and social security | 454/9 | €7,618 | €7,783 | +€165 | +2.2% |
| Other amounts payable | 47/48 | €6,800 | €2,932 | -€3,868 | -56.9% |
| Non-recurring operating income | 76A | - | €91,505 | +€91,505 | |
| Remuneration, social security and pensions | 62 | €53,773 | €10,504 | -€43,269 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,858 | €96,413 | +€58,555 | +154.7% |
| Other operating charges | 640/8 | €4,955 | €6,655 | +€1,700 | +34.3% |
| Gross operating margin | 9900 | €124,383 | €170,794 | +€46,411 | +37.3% |
| Operating profit (loss) | 9901 | €27,797 | €57,222 | +€29,426 | +105.9% |
| Financial income | 75/76B | €3,456 | €2,637 | -€819 | -23.7% |
| Recurring financial income | 75 | €3,456 | €2,637 | -€819 | -23.7% |
| Financial charges | 65/66B | €1,751 | €7,005 | +€5,254 | +300.1% |
| Recurring financial charges | 65 | €1,751 | €7,005 | +€5,254 | +300.1% |
| Profit (loss) for the period before taxes | 9903 | €29,502 | €52,855 | +€23,353 | +79.2% |
| Transfer from deferred taxes | 780 | - | €258 | +€258 | |
| Transfer to deferred taxes | 680 | - | €22,876 | +€22,876 | |
| Income taxes | 67/77 | €9,466 | €132 | -€9,334 | -98.6% |
| Profit (loss) for the period | 9904 | €20,036 | €30,105 | +€10,069 | +50.3% |
| Transfer from tax-exempt reserves | 789 | - | €775 | +€775 | |
| Transfer to tax-exempt reserves | 689 | - | €68,629 | +€68,629 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,036 | -€37,749 | -€57,785 |
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 7 October 2026 via checked.be.