EVEREST CAPITAL: 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 CAPITAL
Largest movements
- Cash +€208,453
up €208,453 (+137%), from €152,081 to €360,534
mainly Net result for the year (+€324,816) and Tax, wage and social debts (+€81,080)
- Current investments +€159,547
new in 2025: €159,547
- Receivables within one year +€30,350
up €30,350 (+144%), from €21,018 to €51,369
of which Trade receivables: +€30,254
- Tangible fixed assets +€14,114
up €14,114 (+25.7%), from €54,988 to €69,102
of which Furniture and vehicles: +€15,256
- Profit (loss) carried forward +€324,816
up €324,816 (+205%), from €158,625 to €483,442
- Tax, wage and social debts +€81,080
up €81,080 (+262%), from €30,921 to €112,001
- Trade debts +€10,912
up €10,912 (+99.3%), from €10,989 to €21,901
- Gross operating margin +€279,650
up €279,650 (+170%), from €164,524 to €444,174
- Taxes +€73,843
up €73,843 (+188%), from €39,357 to €113,200
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 | €229,029 | €647,284 | +€418,254 | +183% |
| Fixed assets | 21/28 | €54,988 | €74,102 | +€19,114 | +34.8% |
| Tangible fixed assets | 22/27 | €54,988 | €69,102 | +€14,114 | +25.7% |
| Plant, machinery and equipment | 23 | €10,071 | €8,928 | -€1,142 | -11.3% |
| Furniture and vehicles | 24 | €44,918 | €60,174 | +€15,256 | +34.0% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €174,041 | €573,181 | +€399,140 | +229% |
| Amounts receivable within one year | 40/41 | €21,018 | €51,369 | +€30,350 | +144% |
| Trade receivables | 40 | €9,989 | €40,243 | +€30,254 | +303% |
| Other amounts receivable | 41 | €11,029 | €11,126 | +€96 | +0.9% |
| Current investments | 50/53 | - | €159,547 | +€159,547 | |
| Cash at bank and in hand | 54/58 | €152,081 | €360,534 | +€208,453 | +137% |
| Deferred charges and accrued income | 490/1 | €942 | €1,732 | +€790 | +83.8% |
| Total equity and liabilities | 10/49 | €229,029 | €647,284 | +€418,254 | +183% |
| Equity | 10/15 | €168,625 | €493,442 | +€324,816 | +193% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,625 | €483,442 | +€324,816 | +205% |
| Amounts payable | 17/49 | €60,404 | €153,842 | +€93,438 | +155% |
| Amounts payable within one year | 42/48 | €60,404 | €153,842 | +€93,438 | +155% |
| Current portion of amounts payable after more than one year | 42 | - | €1,334 | +€1,334 | |
| Trade debts | 44 | €10,989 | €21,901 | +€10,912 | +99.3% |
| Suppliers | 440/4 | €10,989 | €21,901 | +€10,912 | +99.3% |
| Taxes, remuneration and social security | 45 | €30,921 | €112,001 | +€81,080 | +262% |
| Taxes | 450/3 | €30,921 | €112,001 | +€81,080 | +262% |
| Other amounts payable | 47/48 | €18,494 | €18,606 | +€112 | +0.6% |
| Non-recurring operating income | 76A | €46 | - | -€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,131 | €7,100 | +€1,970 | +38.4% |
| Other operating charges | 640/8 | €284 | €294 | +€10 | +3.5% |
| Gross operating margin | 9900 | €164,524 | €444,174 | +€279,650 | +170% |
| Operating profit (loss) | 9901 | €159,109 | €436,780 | +€277,670 | +175% |
| Financial income | 75/76B | €582 | €2,058 | +€1,475 | +253% |
| Recurring financial income | 75 | €582 | €2,058 | +€1,475 | +253% |
| Financial charges | 65/66B | €505 | €821 | +€316 | +62.5% |
| Recurring financial charges | 65 | €505 | €821 | +€316 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €159,186 | €438,016 | +€278,830 | +175% |
| Income taxes | 67/77 | €39,357 | €113,200 | +€73,843 | +188% |
| Profit (loss) for the period | 9904 | €119,829 | €324,816 | +€204,987 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €119,829 | €324,816 | +€204,987 | +171% |
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 1 November 2026 via checked.be.