eVESCO: 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.
eVESCO
Largest movements
- Tangible fixed assets +€67,070
up €67,070 (+68.0%), from €98,602 to €165,672
of which Furniture and vehicles: +€69,691
- Cash -€20,031
down €20,031 (-39.3%), from €51,016 to €30,985
mainly Investment in fixed assets (net) (-€85,843) and Other debts (-€3,502)
- Receivables within one year -€4,244
down €4,244 (-16.2%), from €26,118 to €21,874
of which Other amounts receivable: -€4,628
- Reserves +€19,226
up €19,226 (+130%), from €14,794 to €34,020
of which Distributable reserves: +€19,226
- Debts after one year +€15,466
up €15,466 (+71.2%), from €21,720 to €37,186
- Current portion of long-term debt +€7,695
up €7,695 (+42.7%), from €18,015 to €25,710
- Tax, wage and social debts +€4,362
up €4,362 (+142%), from €3,066 to €7,428
- Other debts -€3,502
down €3,502 (-60.2%), from €5,818 to €2,316
- Financial income +€8,473
up €8,473 (+835%), from €1,014 to €9,487
- Depreciation +€7,911
up €7,911 (+72.8%), from €10,862 to €18,772
- Gross operating margin -€4,274
down €4,274 (-8.9%), from €48,002 to €43,727
- Financial charges +€2,856
up €2,856 (+156%), from €1,835 to €4,691
- Taxes +€1,487
up €1,487 (+19.7%), from €7,564 to €9,051
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 | €226,591 | €271,471 | +€44,880 | +19.8% |
| Fixed assets | 21/28 | €98,602 | €165,672 | +€67,070 | +68.0% |
| Tangible fixed assets | 22/27 | €98,602 | €165,672 | +€67,070 | +68.0% |
| Land and buildings | 22 | €9,677 | €7,447 | -€2,230 | -23.0% |
| Plant, machinery and equipment | 23 | €6,465 | €6,074 | -€391 | -6.0% |
| Furniture and vehicles | 24 | €82,460 | €152,151 | +€69,691 | +84.5% |
| Current assets | 29/58 | €127,990 | €105,799 | -€22,190 | -17.3% |
| Amounts receivable within one year | 40/41 | €26,118 | €21,874 | -€4,244 | -16.2% |
| Trade receivables | 40 | €17,014 | €17,397 | +€383 | +2.3% |
| Other amounts receivable | 41 | €9,104 | €4,477 | -€4,628 | -50.8% |
| Current investments | 50/53 | €49,836 | €49,836 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,016 | €30,985 | -€20,031 | -39.3% |
| Deferred charges and accrued income | 490/1 | €1,019 | €3,104 | +€2,085 | +205% |
| Total equity and liabilities | 10/49 | €226,591 | €271,471 | +€44,880 | +19.8% |
| Equity | 10/15 | €177,086 | €196,312 | +€19,226 | +10.9% |
| Contributions | 10/11 | €18,176 | €18,176 | = | 0.0% |
| Reserves | 13 | €14,794 | €34,020 | +€19,226 | +130% |
| Tax-exempt reserves | 132 | €112 | €112 | = | 0.0% |
| Distributable reserves | 133 | €14,682 | €33,908 | +€19,226 | +131% |
| Profit (loss) carried forward | 14 | €144,116 | €144,116 | = | 0.0% |
| Amounts payable | 17/49 | €49,505 | €75,159 | +€25,654 | +51.8% |
| Amounts payable after more than one year | 17 | €21,720 | €37,186 | +€15,466 | +71.2% |
| Financial debts | 170/4 | €21,720 | €37,186 | +€15,466 | +71.2% |
| Amounts payable within one year | 42/48 | €27,786 | €37,973 | +€10,188 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €18,015 | €25,710 | +€7,695 | +42.7% |
| Financial debts | 43 | - | €597 | +€597 | |
| Credit institutions | 430/8 | - | €597 | +€597 | |
| Trade debts | 44 | €887 | €1,923 | +€1,035 | +117% |
| Suppliers | 440/4 | €887 | €1,923 | +€1,035 | +117% |
| Taxes, remuneration and social security | 45 | €3,066 | €7,428 | +€4,362 | +142% |
| Taxes | 450/3 | €3,066 | €7,428 | +€4,362 | +142% |
| Other amounts payable | 47/48 | €5,818 | €2,316 | -€3,502 | -60.2% |
| Non-recurring operating income | 76A | - | €13,729 | +€13,729 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,862 | €18,772 | +€7,911 | +72.8% |
| Other operating charges | 640/8 | €1,546 | €1,474 | -€73 | -4.7% |
| Gross operating margin | 9900 | €48,002 | €43,727 | -€4,274 | -8.9% |
| Operating profit (loss) | 9901 | €35,594 | €23,481 | -€12,113 | -34.0% |
| Financial income | 75/76B | €1,014 | €9,487 | +€8,473 | +835% |
| Recurring financial income | 75 | €1,014 | €9,487 | +€8,473 | +835% |
| Financial charges | 65/66B | €1,835 | €4,691 | +€2,856 | +156% |
| Recurring financial charges | 65 | €1,835 | €4,691 | +€2,856 | +156% |
| Profit (loss) for the period before taxes | 9903 | €34,773 | €28,277 | -€6,496 | -18.7% |
| Income taxes | 67/77 | €7,564 | €9,051 | +€1,487 | +19.7% |
| Profit (loss) for the period | 9904 | €27,209 | €19,226 | -€7,983 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,209 | €19,226 | -€7,983 | -29.3% |
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.