EVM Projects: 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 Projects
Largest movements
- Stocks and contracts +€1.3m
up €1.3m (+31.3%), from €4.1m to €5.4m
- Cash +€437,702
up €437,702 (+170.6%), from €256,548 to €694,250
mainly Advances received (+€2.4m) and Tax, wage and social debts (+€274,678)
- Advances received +€2.4m
new in 2024: €2.4m
- Short-term financial debts -€628,715
down €628,715 (-26.1%), from €2.4m to €1.8m
- Tax, wage and social debts +€274,678
up €274,678 (+1055.1%), from €26,034 to €300,713
of which Taxes: +€273,099
- Profit (loss) carried forward -€252,074
down €252,074 (-133.8%), from -€188,444 to -€440,518
- Other debts +€120,856
up €120,856 (+8.6%), from €1.4m to €1.5m
- Gross operating margin -€69,589
down €69,589 (-311.6%), from -€22,334 to -€91,923
- Financial charges +€35,250
up €35,250 (+39.4%), from €89,436 to €124,685
- Staff costs +€24,819
up €24,819 (+260.2%), from €9,538 to €34,357
- Other operating charges -€1,876
down €1,876 (-62.9%), from €2,984 to €1,108
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,380,944 | €6,107,697 | +€1.7m | +39.4% |
| Current assets | 29/58 | €4,380,944 | €6,107,697 | +€1.7m | +39.4% |
| Stocks and contracts in progress | 3 | €4,124,281 | €5,413,447 | +€1.3m | +31.3% |
| Stocks | 30/36 | €4,124,281 | €5,413,447 | +€1.3m | +31.3% |
| Amounts receivable within one year | 40/41 | €115 | €0 | -€115 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €115 | €0 | -€115 | -100.0% |
| Cash at bank and in hand | 54/58 | €256,548 | €694,250 | +€437,702 | +170.6% |
| Total equity and liabilities | 10/49 | €4,380,944 | €6,107,697 | +€1.7m | +39.4% |
| Equity | 10/15 | -€138,444 | -€390,518 | -€252,074 | -182.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,444 | -€440,518 | -€252,074 | -133.8% |
| Amounts payable | 17/49 | €4,519,388 | €6,498,214 | +€2.0m | +43.8% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,919,114 | €5,968,214 | +€2.0m | +52.3% |
| Financial debts | 43 | €2,408,730 | €1,780,015 | -€628,715 | -26.1% |
| Credit institutions | 430/8 | €2,408,730 | €1,780,015 | -€628,715 | -26.1% |
| Trade debts | 44 | €84,349 | €3,508 | -€80,841 | -95.8% |
| Suppliers | 440/4 | €84,349 | €3,508 | -€80,841 | -95.8% |
| Advances received on contracts in progress | 46 | - | €2,363,123 | +€2.4m | |
| Taxes, remuneration and social security | 45 | €26,034 | €300,713 | +€274,678 | +1055.1% |
| Taxes | 450/3 | €23,225 | €296,324 | +€273,099 | +1175.9% |
| Remuneration and social security | 454/9 | €2,810 | €4,389 | +€1,580 | +56.2% |
| Other amounts payable | 47/48 | €1,400,000 | €1,520,856 | +€120,856 | +8.6% |
| Accrued charges and deferred income | 492/3 | €100,274 | €30,000 | -€70,274 | -70.1% |
| Remuneration, social security and pensions | 62 | €9,538 | €34,357 | +€24,819 | +260.2% |
| Other operating charges | 640/8 | €2,984 | €1,108 | -€1,876 | -62.9% |
| Non-recurring operating charges | 66A | €1,250 | €0 | -€1,250 | -100.0% |
| Gross operating margin | 9900 | -€22,334 | -€91,923 | -€69,589 | -311.6% |
| Operating profit (loss) | 9901 | -€36,106 | -€127,388 | -€91,282 | -252.8% |
| Financial charges | 65/66B | €89,436 | €124,685 | +€35,250 | +39.4% |
| Recurring financial charges | 65 | €89,436 | €124,685 | +€35,250 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | -€125,542 | -€252,074 | -€126,532 | -100.8% |
| Profit (loss) for the period | 9904 | -€125,542 | -€252,074 | -€126,532 | -100.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€125,542 | -€252,074 | -€126,532 | -100.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.