EVDW: 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.
EVDW
Largest movements
- Receivables within one year +€64,089
up €64,089 (+18.2%), from €351,415 to €415,504
- Tangible fixed assets -€48,882
down €48,882 (-20.7%), from €235,817 to €186,935
of which Furniture and vehicles: -€46,745
- Reserves +€44,549
up €44,549 (+8.9%), from €502,899 to €547,448
- Other debts -€34,771
down €34,771 (-94.0%), from €37,006 to €2,235
- Tax, wage and social debts +€12,645
up €12,645 (+763.5%), from €1,656 to €14,302
- Financial income +€29,454
up €29,454 (+113.8%), from €25,875 to €55,329
- Gross operating margin -€23,008
down €23,008 (-24.9%), from €92,476 to €69,467
- Depreciation -€13,993
down €13,993 (-62.0%), from €22,577 to €8,585
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 | €673,012 | €689,809 | +€16,797 | +2.5% |
| Fixed assets | 21/28 | €290,023 | €241,141 | -€48,882 | -16.9% |
| Tangible fixed assets | 22/27 | €235,817 | €186,935 | -€48,882 | -20.7% |
| Land and buildings | 22 | €182,473 | €180,337 | -€2,137 | -1.2% |
| Furniture and vehicles | 24 | €53,344 | €6,598 | -€46,745 | -87.6% |
| Financial fixed assets | 28 | €54,206 | €54,206 | = | 0.0% |
| Current assets | 29/58 | €382,989 | €448,668 | +€65,679 | +17.1% |
| Amounts receivable within one year | 40/41 | €351,415 | €415,504 | +€64,089 | +18.2% |
| Other amounts receivable | 41 | €351,415 | €415,504 | +€64,089 | +18.2% |
| Cash at bank and in hand | 54/58 | €30,508 | €30,142 | -€366 | -1.2% |
| Deferred charges and accrued income | 490/1 | €1,066 | €3,022 | +€1,956 | +183.5% |
| Total equity and liabilities | 10/49 | €673,012 | €689,809 | +€16,797 | +2.5% |
| Equity | 10/15 | €521,499 | €566,048 | +€44,549 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €502,899 | €547,448 | +€44,549 | +8.9% |
| Distributable reserves | 133 | €502,899 | €547,448 | +€44,549 | +8.9% |
| Amounts payable | 17/49 | €151,513 | €123,761 | -€27,752 | -18.3% |
| Amounts payable after more than one year | 17 | €104,957 | €98,874 | -€6,083 | -5.8% |
| Financial debts | 170/4 | €104,957 | €98,874 | -€6,083 | -5.8% |
| Amounts payable within one year | 42/48 | €46,556 | €24,887 | -€21,669 | -46.5% |
| Current portion of amounts payable after more than one year | 42 | €6,010 | €6,083 | +€74 | +1.2% |
| Trade debts | 44 | €1,884 | €2,268 | +€383 | +20.3% |
| Suppliers | 440/4 | €1,884 | €2,268 | +€383 | +20.3% |
| Taxes, remuneration and social security | 45 | €1,656 | €14,302 | +€12,645 | +763.5% |
| Taxes | 450/3 | €1,656 | €14,302 | +€12,645 | +763.5% |
| Other amounts payable | 47/48 | €37,006 | €2,235 | -€34,771 | -94.0% |
| Non-recurring operating income | 76A | €19,530 | - | -€19,530 | |
| Remuneration, social security and pensions | 62 | -€16 | €120 | +€136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,577 | €8,585 | -€13,993 | -62.0% |
| Other operating charges | 640/8 | €1,313 | €748 | -€565 | -43.0% |
| Non-recurring operating charges | 66A | - | €1,628 | +€1,628 | |
| Gross operating margin | 9900 | €92,476 | €69,467 | -€23,008 | -24.9% |
| Operating profit (loss) | 9901 | €68,602 | €58,386 | -€10,216 | -14.9% |
| Financial income | 75/76B | €25,875 | €55,329 | +€29,454 | +113.8% |
| Recurring financial income | 75 | €25,875 | €55,329 | +€29,454 | +113.8% |
| Financial charges | 65/66B | €2,325 | €1,731 | -€594 | -25.5% |
| Recurring financial charges | 65 | €2,325 | €1,731 | -€594 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €92,152 | €111,984 | +€19,832 | +21.5% |
| Income taxes | 67/77 | €17,297 | €17,435 | +€138 | +0.8% |
| Profit (loss) for the period | 9904 | €74,855 | €94,549 | +€19,694 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,855 | €94,549 | +€19,694 | +26.3% |
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 9 October 2026 via checked.be.