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EVLA: 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.

What changed

EVLA

BE 0745.346.218
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€71,157
2024 · €10,922-€82,078
Equity
-€88,954
2024 · -€17,798-€71,157
Cash
€383
2024 · €3,085-€2,702
Balance sheet total
€1.5m
2024 · €950,039+€508,096

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€387,796

    up €387,796 (+42.0%), from €923,932 to €1.3m

  • Receivables within one year +€118,380

    up €118,380 (+514.2%), from €23,022 to €141,402

    of which Other amounts receivable: +€131,563

Equity and liabilities
  • Debts after one year +€377,863

    up €377,863 (+60.3%), from €626,349 to €1.0m

  • Other debts +€197,391

    up €197,391 (+69.1%), from €285,508 to €482,898

  • Profit (loss) carried forward -€71,157

    down €71,157 (-299.0%), from -€23,798 to -€94,954

Income statement
  • Depreciation +€52,381

    up €52,381 (+116.1%), from €45,131 to €97,511

  • Gross operating margin -€14,155

    down €14,155 (-21.1%), from €67,230 to €53,076

  • Financial charges +€13,678

    up €13,678 (+130.1%), from €10,510 to €24,188

    of which Non-recurring financial charges: +€13,184

  • Other operating charges +€1,865

    up €1,865 (+279.1%), from €668 to €2,533

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €10,922
Gross operating margin -€14,155
Depreciation -€52,381
Other operating charges -€1,865
Financial charges -€13,678
Result 2025 -€71,157

Cash bridge derived

cash 2024 to 2025

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.

From operations +€104,008
Investment -€485,307
Financing +€378,597
Cash 2024 €3,085
Net result for the year -€71,157
Depreciation +€97,511
Receivables within one year -€118,380
Deferred charges and accrued income -€4,623
Trade debts +€253
Tax, wage and social debts +€3,012
Other debts +€197,391
Investment in fixed assets (net) -€485,307
Debts after one year +€377,863
Current portion of long-term debt +€734
Cash 2025 €383
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €950,039 €1,458,136 +€508,096 +53.5%
Fixed assets 21/28 €923,932 €1,311,728 +€387,796 +42.0%
Tangible fixed assets 22/27 €923,932 €1,311,728 +€387,796 +42.0%
Land and buildings 22 €923,932 €1,311,728 +€387,796 +42.0%
Current assets 29/58 €26,107 €146,407 +€120,300 +460.8%
Amounts receivable within one year 40/41 €23,022 €141,402 +€118,380 +514.2%
Trade receivables 40 €13,184 - -€13,184
Other amounts receivable 41 €9,838 €141,402 +€131,563 +1337.2%
Cash at bank and in hand 54/58 €3,085 €383 -€2,702 -87.6%
Deferred charges and accrued income 490/1 - €4,623 +€4,623
Total equity and liabilities 10/49 €950,039 €1,458,136 +€508,096 +53.5%
Equity 10/15 -€17,798 -€88,954 -€71,157 -399.8%
Contributions 10/11 €6,000 €6,000 = 0.0%
Profit (loss) carried forward 14 -€23,798 -€94,954 -€71,157 -299.0%
Amounts payable 17/49 €967,837 €1,547,090 +€579,253 +59.9%
Amounts payable after more than one year 17 €626,349 €1,004,212 +€377,863 +60.3%
Financial debts 170/4 €626,349 €1,004,212 +€377,863 +60.3%
Amounts payable within one year 42/48 €341,488 €542,878 +€201,390 +59.0%
Current portion of amounts payable after more than one year 42 €51,403 €52,137 +€734 +1.4%
Trade debts 44 €259 €512 +€253 +98.0%
Suppliers 440/4 €259 €512 +€253 +98.0%
Taxes, remuneration and social security 45 €4,318 €7,330 +€3,012 +69.8%
Taxes 450/3 €4,318 €7,330 +€3,012 +69.8%
Other amounts payable 47/48 €285,508 €482,898 +€197,391 +69.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €45,131 €97,511 +€52,381 +116.1%
Other operating charges 640/8 €668 €2,533 +€1,865 +279.1%
Gross operating margin 9900 €67,230 €53,076 -€14,155 -21.1%
Operating profit (loss) 9901 €21,432 -€46,968 -€68,400
Financial charges 65/66B €10,510 €24,188 +€13,678 +130.1%
Recurring financial charges 65 €10,510 €11,005 +€495 +4.7%
Non-recurring financial charges 66B - €13,184 +€13,184
Profit (loss) for the period before taxes 9903 €10,922 -€71,157 -€82,078
Profit (loss) for the period 9904 €10,922 -€71,157 -€82,078
Profit (loss) for the period to be appropriated 9905 €10,922 -€71,157 -€82,078

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 29 September 2026 via checked.be.