EVM: 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.
EVM
Largest movements
- Cash -€7,249
down €7,249 (-67.9%), from €10,680 to €3,431
mainly Net result for the year (-€8,864) and Other debts (-€8,343)
- Receivables within one year -€3,678
down €3,678 (-58.4%), from €6,298 to €2,620
of which Other amounts receivable: -€2,600
- Tangible fixed assets -€1,627
down €1,627 (-35.6%), from €4,572 to €2,945
of which Plant, machinery and equipment: -€1,253
- Deferred charges and accrued income -€1,608
no longer reported in 2025 (was €1,608)
- Profit (loss) carried forward -€8,864
down €8,864 (-12.9%), from -€68,582 to -€77,446
- Other debts -€8,343
down €8,343 (-12.7%), from €65,537 to €57,194
- Short-term financial debts +€6,226
new in 2025: €6,226
- Trade debts -€4,026
down €4,026 (-67.5%), from €5,965 to €1,938
- Accrued charges and deferred income +€1,588
up €1,588 (+532.4%), from €298 to €1,886
- Gross operating margin -€11,862
down €11,862, from €7,345 to -€4,517
- Depreciation +€862
up €862 (+112.7%), from €765 to €1,627
- Financial charges -€181
down €181 (-11.5%), from €1,579 to €1,398
- Other operating charges +€180
up €180 (+15.4%), from €1,168 to €1,349
- Taxes -€94
no longer reported in 2025 (was €94)
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 | €23,158 | €8,995 | -€14,162 | -61.2% |
| Fixed assets | 21/28 | €4,572 | €2,945 | -€1,627 | -35.6% |
| Tangible fixed assets | 22/27 | €4,572 | €2,945 | -€1,627 | -35.6% |
| Plant, machinery and equipment | 23 | €3,596 | €2,344 | -€1,253 | -34.8% |
| Furniture and vehicles | 24 | €976 | €601 | -€375 | -38.4% |
| Current assets | 29/58 | €18,586 | €6,051 | -€12,535 | -67.4% |
| Amounts receivable within one year | 40/41 | €6,298 | €2,620 | -€3,678 | -58.4% |
| Trade receivables | 40 | €3,698 | €2,620 | -€1,078 | -29.1% |
| Other amounts receivable | 41 | €2,600 | - | -€2,600 | |
| Cash at bank and in hand | 54/58 | €10,680 | €3,431 | -€7,249 | -67.9% |
| Deferred charges and accrued income | 490/1 | €1,608 | - | -€1,608 | |
| Total equity and liabilities | 10/49 | €23,158 | €8,995 | -€14,162 | -61.2% |
| Equity | 10/15 | -€50,032 | -€58,896 | -€8,864 | -17.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,582 | -€77,446 | -€8,864 | -12.9% |
| Amounts payable | 17/49 | €73,190 | €67,892 | -€5,298 | -7.2% |
| Amounts payable within one year | 42/48 | €72,892 | €66,006 | -€6,885 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €347 | - | -€347 | |
| Financial debts | 43 | - | €6,226 | +€6,226 | |
| Credit institutions | 430/8 | - | €6,226 | +€6,226 | |
| Trade debts | 44 | €5,965 | €1,938 | -€4,026 | -67.5% |
| Suppliers | 440/4 | €5,965 | €1,938 | -€4,026 | -67.5% |
| Taxes, remuneration and social security | 45 | €1,043 | €648 | -€396 | -37.9% |
| Taxes | 450/3 | €1,043 | €648 | -€396 | -37.9% |
| Other amounts payable | 47/48 | €65,537 | €57,194 | -€8,343 | -12.7% |
| Accrued charges and deferred income | 492/3 | €298 | €1,886 | +€1,588 | +532.4% |
| Remuneration, social security and pensions | 62 | €71 | - | -€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €765 | €1,627 | +€862 | +112.7% |
| Other operating charges | 640/8 | €1,168 | €1,349 | +€180 | +15.4% |
| Gross operating margin | 9900 | €7,345 | -€4,517 | -€11,862 | |
| Operating profit (loss) | 9901 | €5,341 | -€7,493 | -€12,834 | |
| Financial income | 75/76B | €2 | €27 | +€25 | +1539.4% |
| Recurring financial income | 75 | €2 | €27 | +€25 | +1539.4% |
| Financial charges | 65/66B | €1,579 | €1,398 | -€181 | -11.5% |
| Recurring financial charges | 65 | €1,579 | €1,398 | -€181 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €3,763 | -€8,864 | -€12,628 | |
| Income taxes | 67/77 | €94 | - | -€94 | |
| Profit (loss) for the period | 9904 | €3,670 | -€8,864 | -€12,534 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,670 | -€8,864 | -€12,534 |
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 12 October 2026 via checked.be.