EVM PRINT: 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.
EVM PRINT
Largest movements
- Receivables within one year -€294,689
down €294,689 (-18.1%), from €1.6m to €1.3m
of which Trade receivables: -€284,628
- Tangible fixed assets -€34,406
down €34,406 (-49.9%), from €69,018 to €34,612
of which Leasing and similar rights: -€23,804
- Trade debts +€2.0m
up €2.0m (+88.4%), from €2.2m to €4.2m
- Other debts -€1.9m
down €1.9m (-99.9%), from €1.9m to €1,034
- Short-term financial debts -€343,178
down €343,178 (-62.9%), from €545,693 to €202,514
- Profit (loss) carried forward -€49,434
down €49,434 (-1.1%), from -€4.3m to -€4.4m
- Debts after one year -€24,057
down €24,057 (-100.0%), from €24,057 to €0
- Gross operating margin +€216,507
up €216,507 (+66.4%), from €326,207 to €542,714
- Staff costs -€95,514
down €95,514 (-16.2%), from €587,988 to €492,474
- Write-downs -€23,955
down €23,955 (-100.0%), from €23,955 to €0
- Other operating charges -€17,531
down €17,531 (-66.6%), from €26,313 to €8,782
- Financial charges -€12,982
down €12,982 (-19.4%), from €66,865 to €53,882
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 | €2,086,729 | €1,736,112 | -€350,617 | -16.8% |
| Fixed assets | 21/28 | €84,757 | €50,351 | -€34,406 | -40.6% |
| Tangible fixed assets | 22/27 | €69,018 | €34,612 | -€34,406 | -49.9% |
| Land and buildings | 22 | €29,571 | €24,603 | -€4,969 | -16.8% |
| Plant, machinery and equipment | 23 | €11,741 | €6,107 | -€5,633 | -48.0% |
| Leasing and similar rights | 25 | €27,706 | €3,902 | -€23,804 | -85.9% |
| Financial fixed assets | 28 | €15,739 | €15,739 | = | 0.0% |
| Current assets | 29/58 | €2,001,972 | €1,685,761 | -€316,211 | -15.8% |
| Stocks and contracts in progress | 3 | €345,985 | €343,959 | -€2,026 | -0.6% |
| Contracts in progress | 37 | €345,985 | €343,959 | -€2,026 | -0.6% |
| Amounts receivable within one year | 40/41 | €1,629,220 | €1,334,531 | -€294,689 | -18.1% |
| Trade receivables | 40 | €1,616,433 | €1,331,805 | -€284,628 | -17.6% |
| Other amounts receivable | 41 | €12,787 | €2,726 | -€10,061 | -78.7% |
| Cash at bank and in hand | 54/58 | €19,450 | €2,226 | -€17,225 | -88.6% |
| Deferred charges and accrued income | 490/1 | €7,316 | €5,045 | -€2,271 | -31.0% |
| Total equity and liabilities | 10/49 | €2,086,729 | €1,736,112 | -€350,617 | -16.8% |
| Equity | 10/15 | -€2,683,467 | -€2,732,901 | -€49,434 | -1.8% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €150,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,333,467 | -€4,382,901 | -€49,434 | -1.1% |
| Amounts payable | 17/49 | €4,770,196 | €4,469,013 | -€301,183 | -6.3% |
| Amounts payable after more than one year | 17 | €24,057 | €0 | -€24,057 | -100.0% |
| Financial debts | 170/4 | €24,057 | €0 | -€24,057 | -100.0% |
| Amounts payable within one year | 42/48 | €4,746,139 | €4,462,175 | -€283,964 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €27,010 | €24,057 | -€2,953 | -10.9% |
| Financial debts | 43 | €545,693 | €202,514 | -€343,178 | -62.9% |
| Credit institutions | 430/8 | €545,693 | €202,514 | -€343,178 | -62.9% |
| Trade debts | 44 | €2,208,067 | €4,159,172 | +€2.0m | +88.4% |
| Suppliers | 440/4 | €2,208,067 | €4,159,172 | +€2.0m | +88.4% |
| Taxes, remuneration and social security | 45 | €62,411 | €75,397 | +€12,986 | +20.8% |
| Taxes | 450/3 | €400 | €18,098 | +€17,698 | +4425.5% |
| Remuneration and social security | 454/9 | €62,011 | €57,299 | -€4,712 | -7.6% |
| Other amounts payable | 47/48 | €1,902,958 | €1,034 | -€1.9m | -99.9% |
| Accrued charges and deferred income | 492/3 | - | €6,838 | +€6,838 | |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | €587,988 | €492,474 | -€95,514 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,925 | €34,406 | -€519 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,955 | €0 | -€23,955 | -100.0% |
| Other operating charges | 640/8 | €26,313 | €8,782 | -€17,531 | -66.6% |
| Non-recurring operating charges | 66A | - | €2,400 | +€2,400 | |
| Gross operating margin | 9900 | €326,207 | €542,714 | +€216,507 | +66.4% |
| Operating profit (loss) | 9901 | -€346,974 | €4,651 | +€351,626 | |
| Financial income | 75/76B | €157 | €95 | -€62 | -39.4% |
| Recurring financial income | 75 | €157 | €95 | -€62 | -39.4% |
| Financial charges | 65/66B | €66,865 | €53,882 | -€12,982 | -19.4% |
| Recurring financial charges | 65 | €66,865 | €53,882 | -€12,982 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€413,683 | -€49,136 | +€364,546 | +88.1% |
| Income taxes | 67/77 | €400 | €298 | -€102 | -25.5% |
| Profit (loss) for the period | 9904 | -€414,083 | -€49,434 | +€364,648 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€414,083 | -€49,434 | +€364,648 | +88.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.