EVEREST HOLDING: 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.
What changed
EVEREST HOLDING
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.3m+€648,998
Equity
€36.8m
2024 · €36.1m+€651,329
Cash
€3.5m
2024 · €930,262+€2.6m
Balance sheet total
€42.4m
2024 · €41.4m+€1.0m
Largest movements
Assets
- Cash +€2.6m
up €2.6m (+275%), from €930,262 to €3.5m
mainly Net result for the year (+€1.9m) and Investment in fixed assets (net) (+€1.7m)
- Financial fixed assets -€1.7m
down €1.7m (-9.3%), from €18.5m to €16.8m
Equity and liabilities
- Reserves +€631,329
up €631,329 (+4.4%), from €14.4m to €15.0m
of which Distributable reserves: +€2.4m
Income statement
- Financial income +€2.1m
up €2.1m (+117%), from €1.8m to €3.8m
- Financial charges +€1.9m
up €1.9m (+442%), from €425,978 to €2.3m
- Gross operating margin +€392,969
up €392,969 (+73.1%), from €537,519 to €930,487
- Taxes -€69,302
down €69,302 (-15.4%), from €450,849 to €381,547
- Depreciation -€37,477
down €37,477 (-55.4%), from €67,680 to €30,203
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.
Result 2024
€1.3m
Gross operating margin
+€392,969
Staff costs
-€17,259
Depreciation
+€37,477
Other operating charges
-€2,479
Financial income
+€2.1m
Financial charges
-€1.9m
Taxes
+€69,302
Result 2025
€1.9m
raises the resultlowers the result
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.
From operations
+€1.8m
Investment
+€2.0m
Financing
-€1.3m
Cash 2024
€930,262
From operations (derived)
+€1.8m
Net result for the year
+€1.9m
Depreciation
+€30,203
Receivables within one year
-€251,534
Deferred charges and accrued income
-€251,572
Trade debts
+€44,401
Tax, wage and social debts
+€155,621
Other debts
+€187,575
Accrued charges and deferred income
-€16,284
Investment (derived)
+€2.0m
Investment in fixed assets (net)
+€1.7m
Current investments
+€295,924
Financing
-€1.3m
Debts after one year
+€838
Contributions, distributions and other
-€1.3m
Cash 2025
€3.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,372,263 | €42,395,741 | +€1.0m | +2.5% |
| Fixed assets | 21/28 | €19,423,345 | €17,679,245 | -€1.7m | -9.0% |
| Intangible fixed assets | 21 | €4,612 | €2,955 | -€1,657 | -35.9% |
| Tangible fixed assets | 22/27 | €922,710 | €899,475 | -€23,234 | -2.5% |
| Plant, machinery and equipment | 23 | €2,642 | €1,279 | -€1,363 | -51.6% |
| Furniture and vehicles | 24 | €77,325 | €62,243 | -€15,083 | -19.5% |
| Other tangible fixed assets | 26 | €842,743 | €835,954 | -€6,789 | -0.8% |
| Financial fixed assets | 28 | €18,496,023 | €16,776,815 | -€1.7m | -9.3% |
| Current assets | 29/58 | €21,948,918 | €24,716,496 | +€2.8m | +12.6% |
| Amounts receivable within one year | 40/41 | €5,888,261 | €6,139,795 | +€251,534 | +4.3% |
| Trade receivables | 40 | €221,774 | €758,931 | +€537,158 | +242% |
| Other amounts receivable | 41 | €5,666,487 | €5,380,864 | -€285,623 | -5.0% |
| Current investments | 50/53 | €14,619,095 | €14,323,172 | -€295,924 | -2.0% |
| Cash at bank and in hand | 54/58 | €930,262 | €3,490,657 | +€2.6m | +275% |
| Deferred charges and accrued income | 490/1 | €511,301 | €762,873 | +€251,572 | +49.2% |
| Total equity and liabilities | 10/49 | €41,372,263 | €42,395,741 | +€1.0m | +2.5% |
| Equity | 10/15 | €36,099,293 | €36,750,622 | +€651,329 | +1.8% |
| Contributions | 10/11 | €21,012,600 | €21,012,600 | = | 0.0% |
| Capital | 10 | €21,012,600 | €21,012,600 | = | 0.0% |
| Issued capital | 100 | €21,012,600 | €21,012,600 | = | 0.0% |
| Reserves | 13 | €14,374,585 | €15,005,914 | +€631,329 | +4.4% |
| Non-distributable reserves | 130/1 | €652,570 | €845,242 | +€192,672 | +29.5% |
| Legal reserve | 130 | €652,570 | €845,242 | +€192,672 | +29.5% |
| Tax-exempt reserves | 132 | €3,861,190 | €1,903,540 | -€2.0m | -50.7% |
| Distributable reserves | 133 | €9,860,825 | €12,257,132 | +€2.4m | +24.3% |
| Profit (loss) carried forward | 14 | €712,108 | €732,108 | +€20,000 | +2.8% |
| Amounts payable | 17/49 | €5,272,970 | €5,645,119 | +€372,150 | +7.1% |
| Amounts payable after more than one year | 17 | €5,363 | €6,200 | +€838 | +15.6% |
| Other amounts payable | 178/9 | €5,363 | €6,200 | +€838 | +15.6% |
| Amounts payable within one year | 42/48 | €5,236,874 | €5,624,470 | +€387,597 | +7.4% |
| Trade debts | 44 | €26,678 | €71,079 | +€44,401 | +166% |
| Suppliers | 440/4 | €26,678 | €71,079 | +€44,401 | +166% |
| Taxes, remuneration and social security | 45 | €116,932 | €272,553 | +€155,621 | +133% |
| Taxes | 450/3 | €112,700 | €269,664 | +€156,965 | +139% |
| Remuneration and social security | 454/9 | €4,233 | €2,889 | -€1,344 | -31.8% |
| Other amounts payable | 47/48 | €5,093,263 | €5,280,839 | +€187,575 | +3.7% |
| Accrued charges and deferred income | 492/3 | €30,733 | €14,449 | -€16,284 | -53.0% |
| Remuneration, social security and pensions | 62 | €57,922 | €75,180 | +€17,259 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,680 | €30,203 | -€37,477 | -55.4% |
| Other operating charges | 640/8 | €27,117 | €29,597 | +€2,479 | +9.1% |
| Gross operating margin | 9900 | €537,519 | €930,487 | +€392,969 | +73.1% |
| Operating profit (loss) | 9901 | €384,800 | €795,508 | +€410,708 | +107% |
| Financial income | 75/76B | €1,758,813 | €3,812,162 | +€2.1m | +117% |
| Recurring financial income | 75 | €1,758,813 | €3,812,162 | +€2.1m | +117% |
| Financial charges | 65/66B | €425,978 | €2,310,338 | +€1.9m | +442% |
| Recurring financial charges | 65 | €425,978 | €2,310,338 | +€1.9m | +442% |
| Profit (loss) for the period before taxes | 9903 | €1,717,636 | €2,297,332 | +€579,696 | +33.7% |
| Income taxes | 67/77 | €450,849 | €381,547 | -€69,302 | -15.4% |
| Profit (loss) for the period | 9904 | €1,266,787 | €1,915,785 | +€648,998 | +51.2% |
| Transfer from tax-exempt reserves | 789 | €231,550 | €2,462,850 | +€2.2m | +964% |
| Transfer to tax-exempt reserves | 689 | €589,400 | €505,200 | -€84,200 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €908,937 | €3,873,435 | +€3.0m | +326% |
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 27 October 2026 via checked.be.