EVF: 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.
EVF
Largest movements
- Receivables within one year -€30,461
down €30,461 (-99.2%), from €30,696 to €235
of which Trade receivables: -€30,426
- Cash +€7,630
up €7,630 (+6.7%), from €114,276 to €121,906
mainly Receivables within one year (+€30,461) and Stocks and contracts (+€1,150)
- Tax, wage and social debts -€11,077
no longer reported in 2025 (was €11,077)
- Reserves -€9,868
down €9,868 (-8.0%), from €123,212 to €113,344
of which Distributable reserves: -€9,868
- Profit (loss) carried forward -€2,765
new in 2025: -€2,765
- Gross operating margin -€37,296
down €37,296, from €35,129 to -€2,168
- Taxes -€11,077
no longer reported in 2025 (was €11,077)
- Depreciation -€1,034
down €1,034 (-72.6%), from €1,424 to €391
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 | €156,216 | €131,858 | -€24,358 | -15.6% |
| Fixed assets | 21/28 | €965 | €574 | -€391 | -40.5% |
| Tangible fixed assets | 22/27 | €965 | €574 | -€391 | -40.5% |
| Plant, machinery and equipment | 23 | €965 | €574 | -€391 | -40.5% |
| Current assets | 29/58 | €155,251 | €131,284 | -€23,967 | -15.4% |
| Stocks and contracts in progress | 3 | €9,968 | €8,818 | -€1,150 | -11.5% |
| Contracts in progress | 37 | €9,968 | €8,818 | -€1,150 | -11.5% |
| Amounts receivable within one year | 40/41 | €30,696 | €235 | -€30,461 | -99.2% |
| Trade receivables | 40 | €30,426 | - | -€30,426 | |
| Other amounts receivable | 41 | €270 | €235 | -€34 | -12.8% |
| Cash at bank and in hand | 54/58 | €114,276 | €121,906 | +€7,630 | +6.7% |
| Deferred charges and accrued income | 490/1 | €311 | €324 | +€13 | +4.1% |
| Total equity and liabilities | 10/49 | €156,216 | €131,858 | -€24,358 | -15.6% |
| Equity | 10/15 | €141,762 | €129,129 | -€12,633 | -8.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €123,212 | €113,344 | -€9,868 | -8.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €121,357 | €111,489 | -€9,868 | -8.1% |
| Profit (loss) carried forward | 14 | - | -€2,765 | -€2,765 | |
| Amounts payable | 17/49 | €14,454 | €2,729 | -€11,725 | -81.1% |
| Amounts payable within one year | 42/48 | €14,454 | €2,729 | -€11,725 | -81.1% |
| Trade debts | 44 | €1,312 | €663 | -€648 | -49.4% |
| Suppliers | 440/4 | €1,312 | €663 | -€648 | -49.4% |
| Taxes, remuneration and social security | 45 | €11,077 | - | -€11,077 | |
| Taxes | 450/3 | €11,077 | - | -€11,077 | |
| Other amounts payable | 47/48 | €2,066 | €2,066 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,424 | €391 | -€1,034 | -72.6% |
| Other operating charges | 640/8 | €456 | €118 | -€338 | -74.1% |
| Gross operating margin | 9900 | €35,129 | -€2,168 | -€37,296 | |
| Operating profit (loss) | 9901 | €33,248 | -€2,676 | -€35,925 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €85 | €89 | +€4 | +4.7% |
| Recurring financial charges | 65 | €85 | €89 | +€4 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €33,164 | -€2,765 | -€35,929 | |
| Income taxes | 67/77 | €11,077 | - | -€11,077 | |
| Profit (loss) for the period | 9904 | €22,087 | -€2,765 | -€24,852 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,087 | -€2,765 | -€24,852 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.