EVOLUTION CATALYST: 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.
EVOLUTION CATALYST
Largest movements
- Current investments -€1,500
down €1,500 (-63.2%), from €2,375 to €875
- Receivables within one year +€1,000
new in 2025: €1,000
- Receivables after one year -€500
down €500 (-100%), from €500 to €0
- Cash +€472
up €472 (+75.5%), from €625 to €1,097
mainly Other debts (+€2,461) and Current investments (+€1,500)
- Tangible fixed assets -€428
down €428 (-39.9%), from €1,073 to €645
- Profit (loss) carried forward -€3,139
down €3,139 (-25.2%), from -€12,477 to -€15,616
- Other debts +€2,461
up €2,461 (+27.3%), from €9,025 to €11,486
- Tax, wage and social debts -€175
down €175 (-17.5%), from €998 to €823
- Trade debts -€103
down €103 (-37.9%), from €272 to €169
- Gross operating margin +€4,827
up €4,827 (+83.2%), from -€5,804 to -€977
- Other operating charges +€1,304
new in 2025: €1,304
- Depreciation +€68
up €68 (+18.9%), from €360 to €428
- Financial charges +€65
up €65 (+33.5%), from €194 to €259
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 | €4,943 | €3,987 | -€956 | -19.3% |
| Fixed assets | 21/28 | €1,443 | €1,015 | -€428 | -29.7% |
| Tangible fixed assets | 22/27 | €1,073 | €645 | -€428 | -39.9% |
| Furniture and vehicles | 24 | €1,073 | €645 | -€428 | -39.9% |
| Financial fixed assets | 28 | €370 | €370 | = | 0.0% |
| Current assets | 29/58 | €3,500 | €2,972 | -€528 | -15.1% |
| Amounts receivable after more than one year | 29 | €500 | €0 | -€500 | -100% |
| Other amounts receivable | 291 | €500 | €0 | -€500 | -100% |
| Amounts receivable within one year | 40/41 | - | €1,000 | +€1,000 | |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Current investments | 50/53 | €2,375 | €875 | -€1,500 | -63.2% |
| Cash at bank and in hand | 54/58 | €625 | €1,097 | +€472 | +75.5% |
| Total equity and liabilities | 10/49 | €4,943 | €3,987 | -€956 | -19.3% |
| Equity | 10/15 | -€5,352 | -€8,491 | -€3,139 | -58.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €925 | €925 | = | 0.0% |
| Non-distributable reserves | 130/1 | €925 | €925 | = | 0.0% |
| Reserves not available under the articles | 1311 | €925 | €925 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,477 | -€15,616 | -€3,139 | -25.2% |
| Amounts payable | 17/49 | €10,295 | €12,478 | +€2,183 | +21.2% |
| Amounts payable within one year | 42/48 | €10,295 | €12,478 | +€2,183 | +21.2% |
| Trade debts | 44 | €272 | €169 | -€103 | -37.9% |
| Suppliers | 440/4 | €272 | €169 | -€103 | -37.9% |
| Taxes, remuneration and social security | 45 | €998 | €823 | -€175 | -17.5% |
| Taxes | 450/3 | €998 | €823 | -€175 | -17.5% |
| Other amounts payable | 47/48 | €9,025 | €11,486 | +€2,461 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360 | €428 | +€68 | +18.9% |
| Other operating charges | 640/8 | - | €1,304 | +€1,304 | |
| Non-recurring operating charges | 66A | - | €171 | +€171 | |
| Gross operating margin | 9900 | -€5,804 | -€977 | +€4,827 | +83.2% |
| Operating profit (loss) | 9901 | -€6,164 | -€2,880 | +€3,284 | +53.3% |
| Financial charges | 65/66B | €194 | €259 | +€65 | +33.5% |
| Recurring financial charges | 65 | €194 | €259 | +€65 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,358 | -€3,139 | +€3,219 | +50.6% |
| Profit (loss) for the period | 9904 | -€6,358 | -€3,139 | +€3,219 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,358 | -€3,139 | +€3,219 | +50.6% |
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 13 October 2026 via checked.be.