EVIPA: 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.
EVIPA
Largest movements
- Current investments +€248,257
up €248,257 (+19.2%), from €1.3m to €1.5m
- Cash -€169,976
down €169,976 (-29.0%), from €586,515 to €416,538
mainly Contributions, distributions and other (-€295,000) and Current investments (-€248,257)
- Profit (loss) carried forward +€156,352
up €156,352 (+12.2%), from €1.3m to €1.4m
- Reserves -€125,000
down €125,000 (-29.3%), from €426,860 to €301,860
- Other debts +€89,489
up €89,489 (+81.0%), from €110,416 to €199,905
- Tax, wage and social debts -€37,087
down €37,087 (-93.6%), from €39,634 to €2,547
- Gross operating margin -€169,372
down €169,372 (-30.4%), from €556,681 to €387,308
- Taxes -€62,366
down €62,366 (-41.3%), from €151,011 to €88,646
- Financial income +€13,795
up €13,795 (+81.4%), from €16,940 to €30,735
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 | €1,879,153 | €1,962,847 | +€83,695 | +4.5% |
| Fixed assets | 21/28 | €1,071 | €6,505 | +€5,434 | +507.2% |
| Tangible fixed assets | 22/27 | €1,071 | €6,505 | +€5,434 | +507.2% |
| Plant, machinery and equipment | 23 | €1,071 | €5,080 | +€4,009 | +374.2% |
| Furniture and vehicles | 24 | - | €1,425 | +€1,425 | |
| Current assets | 29/58 | €1,878,081 | €1,956,342 | +€78,261 | +4.2% |
| Current investments | 50/53 | €1,291,096 | €1,539,353 | +€248,257 | +19.2% |
| Cash at bank and in hand | 54/58 | €586,515 | €416,538 | -€169,976 | -29.0% |
| Deferred charges and accrued income | 490/1 | €470 | €450 | -€20 | -4.3% |
| Total equity and liabilities | 10/49 | €1,879,153 | €1,962,847 | +€83,695 | +4.5% |
| Equity | 10/15 | €1,728,052 | €1,759,404 | +€31,352 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €426,860 | €301,860 | -€125,000 | -29.3% |
| Distributable reserves | 133 | €426,860 | €301,860 | -€125,000 | -29.3% |
| Profit (loss) carried forward | 14 | €1,282,592 | €1,438,944 | +€156,352 | +12.2% |
| Amounts payable | 17/49 | €151,100 | €203,443 | +€52,343 | +34.6% |
| Amounts payable within one year | 42/48 | €151,100 | €203,443 | +€52,343 | +34.6% |
| Trade debts | 44 | €1,051 | €992 | -€59 | -5.6% |
| Suppliers | 440/4 | €1,051 | €992 | -€59 | -5.6% |
| Taxes, remuneration and social security | 45 | €39,634 | €2,547 | -€37,087 | -93.6% |
| Taxes | 450/3 | €39,634 | €2,547 | -€37,087 | -93.6% |
| Other amounts payable | 47/48 | €110,416 | €199,905 | +€89,489 | +81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | €1,590 | +€1,120 | +238.3% |
| Other operating charges | 640/8 | €4,177 | €1,429 | -€2,748 | -65.8% |
| Gross operating margin | 9900 | €556,681 | €387,308 | -€169,372 | -30.4% |
| Operating profit (loss) | 9901 | €552,034 | €384,290 | -€167,744 | -30.4% |
| Financial income | 75/76B | €16,940 | €30,735 | +€13,795 | +81.4% |
| Recurring financial income | 75 | €16,940 | €30,735 | +€13,795 | +81.4% |
| Financial charges | 65/66B | €451 | €27 | -€425 | -94.1% |
| Recurring financial charges | 65 | €451 | €27 | -€425 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | €568,522 | €414,997 | -€153,525 | -27.0% |
| Income taxes | 67/77 | €151,011 | €88,646 | -€62,366 | -41.3% |
| Profit (loss) for the period | 9904 | €417,511 | €326,352 | -€91,159 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €417,511 | €326,352 | -€91,159 | -21.8% |
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 7 October 2026 via checked.be.