Evens: 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.
Evens
Largest movements
- Cash +€225,327
up €225,327 (+49.0%), from €459,859 to €685,187
mainly Net result for the year (+€275,690) and Depreciation (+€197,991)
- Intangible fixed assets -€151,400
down €151,400 (-15.5%), from €977,520 to €826,120
- Receivables within one year +€89,626
up €89,626 (+40.0%), from €223,850 to €313,477
of which Trade receivables: +€93,952
- Tangible fixed assets -€20,045
down €20,045 (-10.9%), from €183,918 to €163,873
of which Furniture and vehicles: -€24,050
- Advances received +€187,326
new in 2025: €187,326
- Debts after one year -€116,390
down €116,390 (-18.7%), from €622,020 to €505,629
- Other debts +€49,818
up €49,818 (+9.8%), from €506,239 to €556,057
- Reserves +€25,690
up €25,690 (+8.7%), from €294,472 to €320,162
- Gross operating margin +€54,021
up €54,021 (+8.7%), from €621,574 to €675,596
- Staff costs +€36,021
up €36,021 (+30.6%), from €117,902 to €153,923
- Depreciation +€13,101
up €13,101 (+7.1%), from €184,890 to €197,991
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 | €1,852,016 | €1,992,522 | +€140,506 | +7.6% |
| Fixed assets | 21/28 | €1,161,438 | €989,993 | -€171,445 | -14.8% |
| Intangible fixed assets | 21 | €977,520 | €826,120 | -€151,400 | -15.5% |
| Tangible fixed assets | 22/27 | €183,918 | €163,873 | -€20,045 | -10.9% |
| Land and buildings | 22 | €15,629 | €24,343 | +€8,714 | +55.8% |
| Plant, machinery and equipment | 23 | €71,941 | €67,231 | -€4,710 | -6.5% |
| Furniture and vehicles | 24 | €96,349 | €72,299 | -€24,050 | -25.0% |
| Current assets | 29/58 | €690,578 | €1,002,529 | +€311,951 | +45.2% |
| Amounts receivable within one year | 40/41 | €223,850 | €313,477 | +€89,626 | +40.0% |
| Trade receivables | 40 | €28,178 | €122,130 | +€93,952 | +333.4% |
| Other amounts receivable | 41 | €195,672 | €191,347 | -€4,326 | -2.2% |
| Cash at bank and in hand | 54/58 | €459,859 | €685,187 | +€225,327 | +49.0% |
| Deferred charges and accrued income | 490/1 | €6,868 | €3,865 | -€3,003 | -43.7% |
| Total equity and liabilities | 10/49 | €1,852,016 | €1,992,522 | +€140,506 | +7.6% |
| Equity | 10/15 | €314,472 | €340,162 | +€25,690 | +8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €294,472 | €320,162 | +€25,690 | +8.7% |
| Distributable reserves | 133 | €294,472 | €320,162 | +€25,690 | +8.7% |
| Amounts payable | 17/49 | €1,537,543 | €1,652,359 | +€114,816 | +7.5% |
| Amounts payable after more than one year | 17 | €622,020 | €505,629 | -€116,390 | -18.7% |
| Financial debts | 170/4 | €622,020 | €505,629 | -€116,390 | -18.7% |
| Amounts payable within one year | 42/48 | €915,523 | €1,146,730 | +€231,206 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €114,347 | €116,390 | +€2,043 | +1.8% |
| Trade debts | 44 | €275,628 | €259,882 | -€15,746 | -5.7% |
| Suppliers | 440/4 | €24,657 | €21,904 | -€2,753 | -11.2% |
| Bills of exchange payable | 441 | €250,971 | €237,978 | -€12,993 | -5.2% |
| Advances received on contracts in progress | 46 | - | €187,326 | +€187,326 | |
| Taxes, remuneration and social security | 45 | €19,309 | €27,075 | +€7,766 | +40.2% |
| Remuneration and social security | 454/9 | €19,309 | €27,075 | +€7,766 | +40.2% |
| Other amounts payable | 47/48 | €506,239 | €556,057 | +€49,818 | +9.8% |
| Non-recurring operating income | 76A | €750 | - | -€750 | |
| Remuneration, social security and pensions | 62 | €117,902 | €153,923 | +€36,021 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,890 | €197,991 | +€13,101 | +7.1% |
| Other operating charges | 640/8 | €1,850 | €2,243 | +€392 | +21.2% |
| Non-recurring operating charges | 66A | €365 | €562 | +€197 | +53.9% |
| Gross operating margin | 9900 | €621,574 | €675,596 | +€54,021 | +8.7% |
| Operating profit (loss) | 9901 | €316,567 | €320,877 | +€4,310 | +1.4% |
| Financial income | 75/76B | €1,142 | €5,716 | +€4,574 | +400.7% |
| Recurring financial income | 75 | €1,142 | €5,716 | +€4,574 | +400.7% |
| Financial charges | 65/66B | €33,926 | €32,488 | -€1,438 | -4.2% |
| Recurring financial charges | 65 | €33,926 | €32,488 | -€1,438 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €283,782 | €294,105 | +€10,322 | +3.6% |
| Income taxes | 67/77 | €23,906 | €18,415 | -€5,491 | -23.0% |
| Profit (loss) for the period | 9904 | €259,877 | €275,690 | +€15,813 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €259,877 | €275,690 | +€15,813 | +6.1% |
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.