Evolv Engineering: 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.
Evolv Engineering
Largest movements
- Cash +€139,888
up €139,888 (+28.9%), from €483,379 to €623,267
mainly Net result for the year (+€320,033) and Advances received (+€54,988)
- Receivables within one year +€66,029
up €66,029 (+18.1%), from €365,263 to €431,292
of which Trade receivables: +€53,020
- Deferred charges and accrued income -€34,135
down €34,135 (-63.8%), from €53,471 to €19,336
- Tangible fixed assets -€23,435
down €23,435 (-32.5%), from €72,036 to €48,601
of which Furniture and vehicles: -€11,738
- Reserves +€320,034
up €320,034 (+155.6%), from €205,695 to €525,729
of which Distributable reserves: +€326,233
- Other debts -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Advances received +€54,988
up €54,988 (+31.4%), from €175,315 to €230,303
- Tax, wage and social debts -€33,915
down €33,915 (-19.9%), from €170,183 to €136,268
of which Remuneration and social security: -€18,484
- Trade debts +€15,426
up €15,426 (+16.7%), from €92,645 to €108,071
- Gross operating margin +€269,692
up €269,692 (+23.0%), from €1.2m to €1.4m
- Taxes +€78,369
up €78,369 (+198.1%), from €39,563 to €117,932
- Staff costs +€72,557
up €72,557 (+8.1%), from €890,910 to €963,467
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 | €1,001,349 | €1,147,266 | +€145,917 | +14.6% |
| Fixed assets | 21/28 | €99,236 | €73,371 | -€25,865 | -26.1% |
| Intangible fixed assets | 21 | €21,850 | €17,480 | -€4,370 | -20.0% |
| Tangible fixed assets | 22/27 | €72,036 | €48,601 | -€23,435 | -32.5% |
| Plant, machinery and equipment | 23 | €33,800 | €24,641 | -€9,159 | -27.1% |
| Furniture and vehicles | 24 | €20,941 | €9,203 | -€11,738 | -56.1% |
| Other tangible fixed assets | 26 | €17,295 | €14,758 | -€2,538 | -14.7% |
| Financial fixed assets | 28 | €5,350 | €7,290 | +€1,940 | +36.3% |
| Current assets | 29/58 | €902,113 | €1,073,896 | +€171,783 | +19.0% |
| Amounts receivable within one year | 40/41 | €365,263 | €431,292 | +€66,029 | +18.1% |
| Trade receivables | 40 | €352,720 | €405,740 | +€53,020 | +15.0% |
| Other amounts receivable | 41 | €12,543 | €25,552 | +€13,009 | +103.7% |
| Cash at bank and in hand | 54/58 | €483,379 | €623,267 | +€139,888 | +28.9% |
| Deferred charges and accrued income | 490/1 | €53,471 | €19,336 | -€34,135 | -63.8% |
| Total equity and liabilities | 10/49 | €1,001,349 | €1,147,266 | +€145,917 | +14.6% |
| Equity | 10/15 | €287,695 | €607,729 | +€320,034 | +111.2% |
| Contributions | 10/11 | €82,000 | €82,000 | = | 0.0% |
| Capital | 10 | €82,000 | - | -€82,000 | |
| Issued capital | 100 | €82,000 | - | -€82,000 | |
| Reserves | 13 | €205,695 | €525,729 | +€320,034 | +155.6% |
| Non-distributable reserves | 130/1 | €6,200 | €0 | -€6,200 | -100.0% |
| Legal reserve | 130 | €6,200 | - | -€6,200 | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | €15,217 | €15,217 | +€0 | 0.0% |
| Distributable reserves | 133 | €184,278 | €510,511 | +€326,233 | +177.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €68,750 | €62,500 | -€6,250 | -9.1% |
| Provisions for liabilities and charges | 160/5 | €68,750 | €62,500 | -€6,250 | -9.1% |
| Other liabilities and charges | 164/5 | €68,750 | €62,500 | -€6,250 | -9.1% |
| Amounts payable | 17/49 | €644,904 | €477,038 | -€167,866 | -26.0% |
| Amounts payable after more than one year | 17 | €740 | €0 | -€740 | -100.0% |
| Financial debts | 170/4 | €740 | €0 | -€740 | -100.0% |
| Amounts payable within one year | 42/48 | €642,583 | €475,382 | -€167,201 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €4,440 | €740 | -€3,700 | -83.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €92,645 | €108,071 | +€15,426 | +16.7% |
| Suppliers | 440/4 | €92,645 | €108,071 | +€15,426 | +16.7% |
| Advances received on contracts in progress | 46 | €175,315 | €230,303 | +€54,988 | +31.4% |
| Taxes, remuneration and social security | 45 | €170,183 | €136,268 | -€33,915 | -19.9% |
| Taxes | 450/3 | €58,657 | €43,226 | -€15,431 | -26.3% |
| Remuneration and social security | 454/9 | €111,526 | €93,042 | -€18,484 | -16.6% |
| Other amounts payable | 47/48 | €200,000 | €0 | -€200,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,580 | €1,655 | +€75 | +4.8% |
| Non-recurring operating income | 76A | €92,855 | €0 | -€92,855 | -100.0% |
| Remuneration, social security and pensions | 62 | €890,910 | €963,467 | +€72,557 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,168 | €40,882 | +€6,714 | +19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,720 | €0 | -€6,720 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,250 | -€6,250 | = | 0.0% |
| Other operating charges | 640/8 | €6,750 | €3,870 | -€2,880 | -42.7% |
| Non-recurring operating charges | 66A | €109,941 | €542 | -€109,399 | -99.5% |
| Gross operating margin | 9900 | €1,174,980 | €1,444,672 | +€269,692 | +23.0% |
| Operating profit (loss) | 9901 | €132,740 | €442,159 | +€309,419 | +233.1% |
| Financial income | 75/76B | €30 | €0 | -€30 | -100.0% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -100.0% |
| Financial charges | 65/66B | €4,003 | €4,194 | +€191 | +4.8% |
| Recurring financial charges | 65 | €4,003 | €4,194 | +€191 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €128,767 | €437,966 | +€309,199 | +240.1% |
| Income taxes | 67/77 | €39,563 | €117,932 | +€78,369 | +198.1% |
| Profit (loss) for the period | 9904 | €89,204 | €320,033 | +€230,829 | +258.8% |
| Profit (loss) for the period to be appropriated | 9905 | €89,204 | €320,033 | +€230,829 | +258.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.