EVO: 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.
EVO
Largest movements
- Cash +€107,084
up €107,084 (+136.0%), from €78,759 to €185,843
mainly Net result for the year (+€67,645) and Receivables within one year (+€54,284)
- Receivables within one year -€54,284
no longer reported in 2025 (was €54,284)
of which Trade receivables: -€50,637
- Current investments -€37,916
down €37,916 (-12.2%), from €309,656 to €271,740
- Tangible fixed assets -€9,722
down €9,722 (-13.3%), from €73,317 to €63,595
of which Furniture and vehicles: -€6,849
- Trade debts +€19,732
up €19,732 (+18208.2%), from €108 to €19,841
- Tax, wage and social debts -€16,464
down €16,464 (-44.3%), from €37,150 to €20,686
of which Taxes: -€14,378
- Financial income -€151,168
down €151,168 (-98.5%), from €153,548 to €2,380
of which Financial income: -€142,169
- Gross operating margin -€29,040
down €29,040 (-22.0%), from €132,047 to €103,007
- Taxes -€25,925
down €25,925 (-50.2%), from €51,616 to €25,692
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 | €646,138 | €651,198 | +€5,060 | +0.8% |
| Fixed assets | 21/28 | €203,124 | €193,402 | -€9,722 | -4.8% |
| Tangible fixed assets | 22/27 | €73,317 | €63,595 | -€9,722 | -13.3% |
| Land and buildings | 22 | €63,814 | €60,940 | -€2,873 | -4.5% |
| Furniture and vehicles | 24 | €9,503 | €2,655 | -€6,849 | -72.1% |
| Financial fixed assets | 28 | €129,807 | €129,807 | = | 0.0% |
| Current assets | 29/58 | €443,014 | €457,796 | +€14,782 | +3.3% |
| Amounts receivable within one year | 40/41 | €54,284 | - | -€54,284 | |
| Trade receivables | 40 | €50,637 | - | -€50,637 | |
| Other amounts receivable | 41 | €3,647 | - | -€3,647 | |
| Current investments | 50/53 | €309,656 | €271,740 | -€37,916 | -12.2% |
| Cash at bank and in hand | 54/58 | €78,759 | €185,843 | +€107,084 | +136.0% |
| Deferred charges and accrued income | 490/1 | €315 | €213 | -€102 | -32.4% |
| Total equity and liabilities | 10/49 | €646,138 | €651,198 | +€5,060 | +0.8% |
| Equity | 10/15 | €605,908 | €604,066 | -€1,842 | -0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €593,508 | €591,666 | -€1,842 | -0.3% |
| Distributable reserves | 133 | €593,508 | €591,666 | -€1,842 | -0.3% |
| Amounts payable | 17/49 | €40,231 | €47,132 | +€6,902 | +17.2% |
| Amounts payable within one year | 42/48 | €40,231 | €47,132 | +€6,902 | +17.2% |
| Trade debts | 44 | €108 | €19,841 | +€19,732 | +18208.2% |
| Suppliers | 440/4 | €108 | €19,841 | +€19,732 | +18208.2% |
| Taxes, remuneration and social security | 45 | €37,150 | €20,686 | -€16,464 | -44.3% |
| Taxes | 450/3 | €35,064 | €20,686 | -€14,378 | -41.0% |
| Remuneration and social security | 454/9 | €2,086 | - | -€2,086 | |
| Other amounts payable | 47/48 | €2,972 | €6,606 | +€3,633 | +122.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,658 | €9,722 | +€64 | +0.7% |
| Other operating charges | 640/8 | €1,504 | €1,703 | +€200 | +13.3% |
| Gross operating margin | 9900 | €132,047 | €103,007 | -€29,040 | -22.0% |
| Operating profit (loss) | 9901 | €120,886 | €91,582 | -€29,304 | -24.2% |
| Financial income | 75/76B | €153,548 | €2,380 | -€151,168 | -98.5% |
| Recurring financial income | 75 | €144,549 | €2,380 | -€142,169 | -98.4% |
| Non-recurring financial income | 76B | €9,000 | - | -€9,000 | |
| Financial charges | 65/66B | €185 | €626 | +€441 | +238.2% |
| Recurring financial charges | 65 | €185 | €626 | +€441 | +238.2% |
| Profit (loss) for the period before taxes | 9903 | €274,249 | €93,336 | -€180,913 | -66.0% |
| Income taxes | 67/77 | €51,616 | €25,692 | -€25,925 | -50.2% |
| Profit (loss) for the period | 9904 | €222,633 | €67,645 | -€154,988 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €222,633 | €67,645 | -€154,988 | -69.6% |
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.