EVOCO: 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.
EVOCO
Largest movements
- Cash +€37,710
up €37,710 (+51.9%), from €72,618 to €110,328
mainly Net result for the year (+€75,960) and Deferred charges and accrued income (+€11,658)
- Tangible fixed assets -€12,637
down €12,637 (-36.5%), from €34,601 to €21,964
of which Furniture and vehicles: -€10,972
- Deferred charges and accrued income -€11,658
down €11,658 (-85.1%), from €13,696 to €2,038
- Receivables within one year -€2,938
down €2,938 (-11.1%), from €26,476 to €23,538
of which Trade receivables: -€3,437
- Reserves +€12,223
up €12,223 (+10.3%), from €119,162 to €131,385
- Current portion of long-term debt -€6,566
no longer reported in 2025 (was €6,566)
- Tax, wage and social debts +€5,745
up €5,745 (+27.1%), from €21,172 to €26,917
of which Taxes: +€5,445
- Debts after one year -€1,652
no longer reported in 2025 (was €1,652)
- Depreciation -€8,551
down €8,551 (-48.6%), from €17,588 to €9,037
- Gross operating margin -€4,593
down €4,593 (-4.2%), from €110,524 to €105,931
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.
Derived cash bridge
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 | €149,891 | €160,368 | +€10,477 | +7.0% |
| Fixed assets | 21/28 | €34,601 | €21,964 | -€12,637 | -36.5% |
| Tangible fixed assets | 22/27 | €34,601 | €21,964 | -€12,637 | -36.5% |
| Plant, machinery and equipment | 23 | €9,905 | €8,240 | -€1,665 | -16.8% |
| Furniture and vehicles | 24 | €24,696 | €13,725 | -€10,972 | -44.4% |
| Current assets | 29/58 | €115,290 | €138,404 | +€23,114 | +20.0% |
| Amounts receivable after more than one year | 29 | €2,500 | €2,500 | = | 0.0% |
| Other amounts receivable | 291 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,476 | €23,538 | -€2,938 | -11.1% |
| Trade receivables | 40 | €20,211 | €16,774 | -€3,437 | -17.0% |
| Other amounts receivable | 41 | €6,265 | €6,764 | +€499 | +8.0% |
| Cash at bank and in hand | 54/58 | €72,618 | €110,328 | +€37,710 | +51.9% |
| Deferred charges and accrued income | 490/1 | €13,696 | €2,038 | -€11,658 | -85.1% |
| Total equity and liabilities | 10/49 | €149,891 | €160,368 | +€10,477 | +7.0% |
| Equity | 10/15 | €120,162 | €132,385 | +€12,223 | +10.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €119,162 | €131,385 | +€12,223 | +10.3% |
| Distributable reserves | 133 | €119,162 | €131,385 | +€12,223 | +10.3% |
| Amounts payable | 17/49 | €29,729 | €27,983 | -€1,746 | -5.9% |
| Amounts payable after more than one year | 17 | €1,652 | - | -€1,652 | |
| Financial debts | 170/4 | €1,652 | - | -€1,652 | |
| Amounts payable within one year | 42/48 | €27,770 | €27,942 | +€172 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €6,566 | - | -€6,566 | |
| Trade debts | 44 | €33 | €1,025 | +€993 | +3,038% |
| Suppliers | 440/4 | €33 | €1,025 | +€993 | +3,038% |
| Taxes, remuneration and social security | 45 | €21,172 | €26,917 | +€5,745 | +27.1% |
| Taxes | 450/3 | €21,172 | €26,617 | +€5,445 | +25.7% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Accrued charges and deferred income | 492/3 | €307 | €40 | -€267 | -86.9% |
| Non-recurring operating income | 76A | - | €7,438 | +€7,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,588 | €9,037 | -€8,551 | -48.6% |
| Other operating charges | 640/8 | €903 | €790 | -€113 | -12.5% |
| Non-recurring operating charges | 66A | €366 | €849 | +€482 | +132% |
| Gross operating margin | 9900 | €110,524 | €105,931 | -€4,593 | -4.2% |
| Operating profit (loss) | 9901 | €91,666 | €95,255 | +€3,589 | +3.9% |
| Financial income | 75/76B | €1,312 | €858 | -€454 | -34.6% |
| Recurring financial income | 75 | €1,312 | €858 | -€454 | -34.6% |
| Financial charges | 65/66B | €232 | €494 | +€262 | +113% |
| Recurring financial charges | 65 | €232 | €494 | +€262 | +113% |
| Profit (loss) for the period before taxes | 9903 | €92,746 | €95,620 | +€2,873 | +3.1% |
| Income taxes | 67/77 | €20,515 | €19,660 | -€855 | -4.2% |
| Profit (loss) for the period | 9904 | €72,232 | €75,960 | +€3,728 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,232 | €75,960 | +€3,728 | +5.2% |
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 26 October 2026 via checked.be.