EVG: what changed
Two fiscal 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.
EVG
Largest movements
- Tangible fixed assets +€81,476
up €81,476 (+122.1%), from €66,717 to €148,193
of which Land and buildings: +€86,444
- Receivables within one year +€20,811
up €20,811 (+80.0%), from €26,028 to €46,839
of which Other amounts receivable: +€18,996
- Cash -€19,028
down €19,028 (-56.6%), from €33,626 to €14,598
mainly Investment in fixed assets (net) (-€106,263) and Receivables within one year (-€20,811)
- Debts after one year +€73,089
up €73,089 (+148.8%), from €49,110 to €122,198
- Current portion of long-term debt +€8,212
up €8,212 (+81.6%), from €10,066 to €18,278
- Reserves +€4,401
up €4,401 (+6.6%), from €66,752 to €71,153
- Depreciation +€12,233
up €12,233 (+97.4%), from €12,554 to €24,787
- Gross operating margin -€12,005
down €12,005 (-25.1%), from €47,805 to €35,801
- Taxes -€6,297
down €6,297 (-69.4%), from €9,075 to €2,778
- Other operating charges +€567
up €567 (+44.5%), from €1,274 to €1,841
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.
Cash bridge derived
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 | €137,000 | €220,259 | +€83,259 | +60.8% |
| Fixed assets | 21/28 | €66,717 | €148,193 | +€81,476 | +122.1% |
| Tangible fixed assets | 22/27 | €66,717 | €148,193 | +€81,476 | +122.1% |
| Land and buildings | 22 | €41,695 | €128,140 | +€86,444 | +207.3% |
| Furniture and vehicles | 24 | €8,277 | €5,158 | -€3,119 | -37.7% |
| Other tangible fixed assets | 26 | €16,745 | €14,896 | -€1,849 | -11.0% |
| Current assets | 29/58 | €70,283 | €72,066 | +€1,783 | +2.5% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,028 | €46,839 | +€20,811 | +80.0% |
| Trade receivables | 40 | €12,584 | €14,399 | +€1,815 | +14.4% |
| Other amounts receivable | 41 | €13,444 | €32,440 | +€18,996 | +141.3% |
| Cash at bank and in hand | 54/58 | €33,626 | €14,598 | -€19,028 | -56.6% |
| Deferred charges and accrued income | 490/1 | €629 | €629 | = | 0.0% |
| Total equity and liabilities | 10/49 | €137,000 | €220,259 | +€83,259 | +60.8% |
| Equity | 10/15 | €72,952 | €77,353 | +€4,401 | +6.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,752 | €71,153 | +€4,401 | +6.6% |
| Distributable reserves | 133 | €66,752 | €71,153 | +€4,401 | +6.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €64,048 | €142,906 | +€78,857 | +123.1% |
| Amounts payable after more than one year | 17 | €49,110 | €122,198 | +€73,089 | +148.8% |
| Financial debts | 170/4 | €49,110 | €122,198 | +€73,089 | +148.8% |
| Amounts payable within one year | 42/48 | €14,899 | €20,627 | +€5,729 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €10,066 | €18,278 | +€8,212 | +81.6% |
| Trade debts | 44 | €972 | €374 | -€597 | -61.5% |
| Suppliers | 440/4 | €972 | €374 | -€597 | -61.5% |
| Taxes, remuneration and social security | 45 | €3,861 | €1,975 | -€1,886 | -48.8% |
| Taxes | 450/3 | €3,861 | €1,975 | -€1,886 | -48.8% |
| Accrued charges and deferred income | 492/3 | €40 | €80 | +€40 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,554 | €24,787 | +€12,233 | +97.4% |
| Other operating charges | 640/8 | €1,274 | €1,841 | +€567 | +44.5% |
| Gross operating margin | 9900 | €47,805 | €35,801 | -€12,005 | -25.1% |
| Operating profit (loss) | 9901 | €33,977 | €9,173 | -€24,804 | -73.0% |
| Financial income | 75/76B | €932 | €1,250 | +€318 | +34.2% |
| Recurring financial income | 75 | €932 | €1,250 | +€318 | +34.2% |
| Financial charges | 65/66B | €3,273 | €3,244 | -€29 | -0.9% |
| Recurring financial charges | 65 | €3,273 | €3,244 | -€29 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €31,636 | €7,179 | -€24,456 | -77.3% |
| Income taxes | 67/77 | €9,075 | €2,778 | -€6,297 | -69.4% |
| Profit (loss) for the period | 9904 | €22,561 | €4,401 | -€18,159 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,561 | €4,401 | -€18,159 | -80.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.