EVERGREEN: 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.
EVERGREEN
Largest movements
- Tangible fixed assets -€357,588
down €357,588 (-5.7%), from €6.2m to €5.9m
of which Land and buildings: -€355,239
- Cash -€77,622
down €77,622 (-57.3%), from €135,570 to €57,948
mainly Debts after one year (-€471,282) and Other debts (-€126,416)
- Debts after one year -€471,282
down €471,282 (-11.6%), from €4.1m to €3.6m
of which Financial debts: -€471,282
- Reserves +€250,000
up €250,000 (+17.4%), from €1.4m to €1.7m
of which Distributable reserves: +€250,000
- Other debts -€126,416
down €126,416 (-55.2%), from €229,093 to €102,677
- Gross operating margin +€62,780
up €62,780 (+7.0%), from €902,009 to €964,789
- Taxes +€14,884
up €14,884 (+14.3%), from €104,023 to €118,907
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 | €6,511,921 | €6,115,656 | -€396,265 | -6.1% |
| Fixed assets | 21/28 | €6,235,004 | €5,877,416 | -€357,588 | -5.7% |
| Tangible fixed assets | 22/27 | €6,235,004 | €5,877,416 | -€357,588 | -5.7% |
| Land and buildings | 22 | €6,203,613 | €5,848,374 | -€355,239 | -5.7% |
| Plant, machinery and equipment | 23 | €22,501 | €18,852 | -€3,649 | -16.2% |
| Furniture and vehicles | 24 | €8,890 | €10,190 | +€1,300 | +14.6% |
| Current assets | 29/58 | €276,917 | €238,240 | -€38,677 | -14.0% |
| Amounts receivable within one year | 40/41 | €141,197 | €180,141 | +€38,944 | +27.6% |
| Trade receivables | 40 | €141,197 | €180,141 | +€38,944 | +27.6% |
| Cash at bank and in hand | 54/58 | €135,570 | €57,948 | -€77,622 | -57.3% |
| Deferred charges and accrued income | 490/1 | €150 | €151 | +€1 | +0.7% |
| Total equity and liabilities | 10/49 | €6,511,921 | €6,115,656 | -€396,265 | -6.1% |
| Equity | 10/15 | €1,500,000 | €1,750,000 | +€250,000 | +16.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,438,000 | €1,688,000 | +€250,000 | +17.4% |
| Non-distributable reserves | 130/1 | €138,820 | €138,820 | = | 0.0% |
| Legal reserve | 130 | €138,820 | €138,820 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,238 | €1,238 | = | 0.0% |
| Distributable reserves | 133 | €1,297,942 | €1,547,942 | +€250,000 | +19.3% |
| Amounts payable | 17/49 | €5,011,921 | €4,365,656 | -€646,265 | -12.9% |
| Amounts payable after more than one year | 17 | €4,074,211 | €3,602,929 | -€471,282 | -11.6% |
| Financial debts | 170/4 | €4,047,022 | €3,575,740 | -€471,282 | -11.6% |
| Other amounts payable | 178/9 | €27,189 | €27,189 | = | 0.0% |
| Amounts payable within one year | 42/48 | €937,710 | €762,727 | -€174,983 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €463,538 | €471,283 | +€7,745 | +1.7% |
| Trade debts | 44 | €133,431 | €100,122 | -€33,309 | -25.0% |
| Suppliers | 440/4 | €133,431 | €100,122 | -€33,309 | -25.0% |
| Advances received on contracts in progress | 46 | €2,342 | €2,462 | +€120 | +5.1% |
| Taxes, remuneration and social security | 45 | €109,306 | €86,183 | -€23,123 | -21.2% |
| Taxes | 450/3 | €109,306 | €86,183 | -€23,123 | -21.2% |
| Other amounts payable | 47/48 | €229,093 | €102,677 | -€126,416 | -55.2% |
| Non-recurring operating income | 76A | €1,219 | - | -€1,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371,755 | €375,069 | +€3,314 | +0.9% |
| Other operating charges | 640/8 | €56,953 | €59,327 | +€2,374 | +4.2% |
| Non-recurring operating charges | 66A | €395 | - | -€395 | |
| Gross operating margin | 9900 | €902,009 | €964,789 | +€62,780 | +7.0% |
| Operating profit (loss) | 9901 | €472,906 | €530,393 | +€57,487 | +12.2% |
| Financial income | 75/76B | €1,241 | €2,325 | +€1,084 | +87.3% |
| Recurring financial income | 75 | €1,241 | €2,325 | +€1,084 | +87.3% |
| Financial charges | 65/66B | €66,031 | €61,134 | -€4,897 | -7.4% |
| Recurring financial charges | 65 | €66,031 | €61,134 | -€4,897 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €408,116 | €471,584 | +€63,468 | +15.6% |
| Income taxes | 67/77 | €104,023 | €118,907 | +€14,884 | +14.3% |
| Profit (loss) for the period | 9904 | €304,093 | €352,677 | +€48,584 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €304,093 | €352,677 | +€48,584 | +16.0% |
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 17 October 2026 via checked.be.