Everest 2.0: 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.
Everest 2.0
Largest movements
- Tangible fixed assets -€18,133
down €18,133 (-38.1%), from €47,653 to €29,521
of which Plant, machinery and equipment: -€11,744
- Current investments +€2,157
up €2,157 (+58.0%), from €3,718 to €5,875
- Cash -€796
down €796 (-33.0%), from €2,413 to €1,617
mainly Net result for the year (-€25,380) and Current portion of long-term debt (-€6,750)
- Profit (loss) carried forward -€25,380
down €25,380 (-27.6%), from -€91,862 to -€117,241
- Trade debts +€8,122
up €8,122 (+171%), from €4,747 to €12,869
- Other debts +€8,073
up €8,073 (+8.4%), from €95,731 to €103,804
- Current portion of long-term debt -€6,750
down €6,750 (-38.8%), from €17,393 to €10,643
- Financial charges -€2,575
down €2,575 (-77.6%), from €3,316 to €741
- Other operating charges +€1,903
up €1,903 (+272%), from €700 to €2,603
- Gross operating margin -€1,584
down €1,584 (-93.6%), from -€1,692 to -€3,276
- Depreciation -€165
down €165 (-0.9%), from €18,297 to €18,133
- Staff costs +€127
up €127 (+59.2%), from €215 to €342
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.
Derived cash bridge
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 | €58,585 | €42,071 | -€16,513 | -28.2% |
| Fixed assets | 21/28 | €52,453 | €34,321 | -€18,133 | -34.6% |
| Tangible fixed assets | 22/27 | €47,653 | €29,521 | -€18,133 | -38.1% |
| Land and buildings | 22 | €623 | €541 | -€83 | -13.3% |
| Plant, machinery and equipment | 23 | €29,059 | €17,315 | -€11,744 | -40.4% |
| Furniture and vehicles | 24 | €17,971 | €11,665 | -€6,306 | -35.1% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €6,131 | €7,751 | +€1,619 | +26.4% |
| Amounts receivable within one year | 40/41 | - | €258 | +€258 | |
| Other amounts receivable | 41 | - | €258 | +€258 | |
| Current investments | 50/53 | €3,718 | €5,875 | +€2,157 | +58.0% |
| Cash at bank and in hand | 54/58 | €2,413 | €1,617 | -€796 | -33.0% |
| Total equity and liabilities | 10/49 | €58,585 | €42,071 | -€16,513 | -28.2% |
| Equity | 10/15 | -€87,862 | -€113,241 | -€25,380 | -28.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,862 | -€117,241 | -€25,380 | -27.6% |
| Amounts payable | 17/49 | €146,446 | €155,312 | +€8,866 | +6.1% |
| Amounts payable after more than one year | 17 | €27,422 | €27,422 | = | 0.0% |
| Financial debts | 170/4 | €27,422 | €27,422 | = | 0.0% |
| Amounts payable within one year | 42/48 | €119,024 | €127,890 | +€8,866 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €17,393 | €10,643 | -€6,750 | -38.8% |
| Trade debts | 44 | €4,747 | €12,869 | +€8,122 | +171% |
| Suppliers | 440/4 | €4,747 | €12,869 | +€8,122 | +171% |
| Taxes, remuneration and social security | 45 | €1,154 | €575 | -€579 | -50.2% |
| Taxes | 450/3 | €1,154 | €575 | -€579 | -50.2% |
| Other amounts payable | 47/48 | €95,731 | €103,804 | +€8,073 | +8.4% |
| Remuneration, social security and pensions | 62 | €215 | €342 | +€127 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,297 | €18,133 | -€165 | -0.9% |
| Other operating charges | 640/8 | €700 | €2,603 | +€1,903 | +272% |
| Gross operating margin | 9900 | -€1,692 | -€3,276 | -€1,584 | -93.6% |
| Operating profit (loss) | 9901 | -€20,904 | -€24,354 | -€3,450 | -16.5% |
| Financial charges | 65/66B | €3,316 | €741 | -€2,575 | -77.6% |
| Recurring financial charges | 65 | €3,316 | €741 | -€2,575 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,220 | -€25,095 | -€875 | -3.6% |
| Income taxes | 67/77 | €290 | €285 | -€6 | -1.9% |
| Profit (loss) for the period | 9904 | -€24,510 | -€25,380 | -€870 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,510 | -€25,380 | -€870 | -3.5% |
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 22 October 2026 via checked.be.