EVENS ADVISORY: 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 ADVISORY
Largest movements
- Receivables after one year +€600,000
up €600,000 (+3125.5%), from €19,197 to €619,197
- Receivables within one year -€357,977
down €357,977 (-48.4%), from €738,924 to €380,947
of which Trade receivables: -€229,063
- Financial fixed assets +€117,316
up €117,316 (+35.2%), from €333,333 to €450,649
- Cash +€90,529
up €90,529 (+628.6%), from €14,401 to €104,931
mainly Receivables within one year (+€357,977) and Net result for the year (+€315,003)
- Tangible fixed assets -€73,152
down €73,152 (-3.8%), from €1.9m to €1.9m
of which Land and buildings: -€73,052
- Reserves +€315,003
up €315,003 (+37.8%), from €833,221 to €1.1m
of which Distributable reserves: +€315,003
- Trade debts +€94,338
up €94,338 (+450.8%), from €20,928 to €115,267
- Other debts -€58,083
down €58,083 (-17.8%), from €326,339 to €268,257
- Current portion of long-term debt +€48,525
up €48,525 (+76.1%), from €63,777 to €112,302
- Debts after one year -€35,090
down €35,090 (-2.1%), from €1.7m to €1.6m
- Gross operating margin -€271,687
down €271,687 (-30.8%), from €882,206 to €610,519
- Taxes -€60,106
down €60,106 (-35.2%), from €170,981 to €110,875
- Financial income +€11,630
up €11,630 (+38988.3%), from €30 to €11,660
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 | €3,057,253 | €3,433,970 | +€376,717 | +12.3% |
| Fixed assets | 21/28 | €2,282,319 | €2,326,484 | +€44,164 | +1.9% |
| Tangible fixed assets | 22/27 | €1,948,986 | €1,875,834 | -€73,152 | -3.8% |
| Land and buildings | 22 | €1,941,217 | €1,868,165 | -€73,052 | -3.8% |
| Plant, machinery and equipment | 23 | €5,272 | €5,020 | -€252 | -4.8% |
| Furniture and vehicles | 24 | €2,498 | €2,649 | +€151 | +6.1% |
| Financial fixed assets | 28 | €333,333 | €450,649 | +€117,316 | +35.2% |
| Current assets | 29/58 | €774,934 | €1,107,487 | +€332,553 | +42.9% |
| Amounts receivable after more than one year | 29 | €19,197 | €619,197 | +€600,000 | +3125.5% |
| Other amounts receivable | 291 | €19,197 | €619,197 | +€600,000 | +3125.5% |
| Stocks and contracts in progress | 3 | €2,412 | €2,412 | = | 0.0% |
| Stocks | 30/36 | €2,412 | €2,412 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €738,924 | €380,947 | -€357,977 | -48.4% |
| Trade receivables | 40 | €514,463 | €285,401 | -€229,063 | -44.5% |
| Other amounts receivable | 41 | €224,461 | €95,547 | -€128,914 | -57.4% |
| Cash at bank and in hand | 54/58 | €14,401 | €104,931 | +€90,529 | +628.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,057,253 | €3,433,970 | +€376,717 | +12.3% |
| Equity | 10/15 | €836,721 | €1,151,725 | +€315,003 | +37.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €833,221 | €1,148,225 | +€315,003 | +37.8% |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Distributable reserves | 133 | €727,971 | €1,042,975 | +€315,003 | +43.3% |
| Amounts payable | 17/49 | €2,220,532 | €2,282,246 | +€61,714 | +2.8% |
| Amounts payable after more than one year | 17 | €1,663,698 | €1,628,608 | -€35,090 | -2.1% |
| Financial debts | 170/4 | €1,663,698 | €1,628,608 | -€35,090 | -2.1% |
| Amounts payable within one year | 42/48 | €551,227 | €636,533 | +€85,306 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €63,777 | €112,302 | +€48,525 | +76.1% |
| Financial debts | 43 | €40,592 | €23,589 | -€17,004 | -41.9% |
| Credit institutions | 430/8 | €40,592 | €23,589 | -€17,004 | -41.9% |
| Trade debts | 44 | €20,928 | €115,267 | +€94,338 | +450.8% |
| Suppliers | 440/4 | €20,928 | €115,267 | +€94,338 | +450.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €99,590 | €117,118 | +€17,528 | +17.6% |
| Taxes | 450/3 | €96,264 | €110,290 | +€14,026 | +14.6% |
| Remuneration and social security | 454/9 | €3,327 | €6,829 | +€3,502 | +105.3% |
| Other amounts payable | 47/48 | €326,339 | €268,257 | -€58,083 | -17.8% |
| Accrued charges and deferred income | 492/3 | €5,607 | €17,105 | +€11,498 | +205.1% |
| Remuneration, social security and pensions | 62 | €13,105 | €13,584 | +€479 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,572 | €102,037 | -€5,535 | -5.1% |
| Other operating charges | 640/8 | €7,017 | €7,771 | +€754 | +10.7% |
| Gross operating margin | 9900 | €882,206 | €610,519 | -€271,687 | -30.8% |
| Operating profit (loss) | 9901 | €754,512 | €487,127 | -€267,385 | -35.4% |
| Financial income | 75/76B | €30 | €11,660 | +€11,630 | +38988.3% |
| Recurring financial income | 75 | €30 | €11,660 | +€11,630 | +38988.3% |
| Financial charges | 65/66B | €77,683 | €72,908 | -€4,774 | -6.1% |
| Recurring financial charges | 65 | €77,683 | €72,908 | -€4,774 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €676,859 | €425,878 | -€250,980 | -37.1% |
| Income taxes | 67/77 | €170,981 | €110,875 | -€60,106 | -35.2% |
| Profit (loss) for the period | 9904 | €505,878 | €315,003 | -€190,875 | -37.7% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €505,878 | €315,003 | -€190,875 | -37.7% |
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.