EVOLVE: 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.
EVOLVE
Largest movements
- Stocks and contracts +€70,000
new in 2023: €70,000
- Cash +€35,182
up €35,182 (+214.6%), from €16,396 to €51,578
mainly Net result for the year (+€87,415) and Advances received (+€17,256)
- Receivables within one year -€16,211
down €16,211 (-3.5%), from €460,015 to €443,804
of which Trade receivables: -€26,354
- Profit (loss) carried forward +€87,415
up €87,415 (+26.4%), from €331,084 to €418,499
- Tax, wage and social debts -€18,734
down €18,734 (-29.8%), from €62,787 to €44,053
- Advances received +€17,256
new in 2023: €17,256
- Taxes +€32,173
up €32,173 (+92.7%), from €34,714 to €66,888
- Gross operating margin -€14,572
down €14,572 (-8.3%), from €175,366 to €160,794
- Depreciation -€2,778
down €2,778 (-36.4%), from €7,630 to €4,852
- Other operating charges +€2,341
up €2,341 (+47.7%), from €4,909 to €7,250
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €496,071 | €582,890 | +€86,819 | +17.5% |
| Fixed assets | 21/28 | €13,368 | €8,517 | -€4,852 | -36.3% |
| Tangible fixed assets | 22/27 | €7,193 | €2,342 | -€4,852 | -67.4% |
| Plant, machinery and equipment | 23 | €2,645 | €1,296 | -€1,349 | -51.0% |
| Furniture and vehicles | 24 | €4,548 | €1,045 | -€3,503 | -77.0% |
| Financial fixed assets | 28 | €6,175 | €6,175 | = | 0.0% |
| Current assets | 29/58 | €482,702 | €574,373 | +€91,671 | +19.0% |
| Stocks and contracts in progress | 3 | - | €70,000 | +€70,000 | |
| Stocks | 30/36 | - | €70,000 | +€70,000 | |
| Amounts receivable within one year | 40/41 | €460,015 | €443,804 | -€16,211 | -3.5% |
| Trade receivables | 40 | €26,354 | - | -€26,354 | |
| Other amounts receivable | 41 | €433,661 | €443,804 | +€10,143 | +2.3% |
| Cash at bank and in hand | 54/58 | €16,396 | €51,578 | +€35,182 | +214.6% |
| Deferred charges and accrued income | 490/1 | €6,292 | €8,991 | +€2,700 | +42.9% |
| Total equity and liabilities | 10/49 | €496,071 | €582,890 | +€86,819 | +17.5% |
| Equity | 10/15 | €337,284 | €424,699 | +€87,415 | +25.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €331,084 | €418,499 | +€87,415 | +26.4% |
| Amounts payable | 17/49 | €158,787 | €158,191 | -€596 | -0.4% |
| Amounts payable within one year | 42/48 | €62,787 | €62,191 | -€596 | -0.9% |
| Trade debts | 44 | - | €882 | +€882 | |
| Suppliers | 440/4 | - | €882 | +€882 | |
| Advances received on contracts in progress | 46 | - | €17,256 | +€17,256 | |
| Taxes, remuneration and social security | 45 | €62,787 | €44,053 | -€18,734 | -29.8% |
| Taxes | 450/3 | €62,787 | €44,053 | -€18,734 | -29.8% |
| Accrued charges and deferred income | 492/3 | €96,000 | €96,000 | = | 0.0% |
| Non-recurring operating income | 76A | €13,250 | - | -€13,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,630 | €4,852 | -€2,778 | -36.4% |
| Other operating charges | 640/8 | €4,909 | €7,250 | +€2,341 | +47.7% |
| Gross operating margin | 9900 | €175,366 | €160,794 | -€14,572 | -8.3% |
| Operating profit (loss) | 9901 | €162,827 | €148,692 | -€14,134 | -8.7% |
| Financial income | 75/76B | €6,323 | €7,080 | +€757 | +12.0% |
| Recurring financial income | 75 | €6,323 | €7,080 | +€757 | +12.0% |
| Financial charges | 65/66B | €666 | €1,469 | +€803 | +120.7% |
| Recurring financial charges | 65 | €666 | €1,469 | +€803 | +120.7% |
| Profit (loss) for the period before taxes | 9903 | €168,484 | €154,303 | -€14,181 | -8.4% |
| Income taxes | 67/77 | €34,714 | €66,888 | +€32,173 | +92.7% |
| Profit (loss) for the period | 9904 | €133,770 | €87,415 | -€46,354 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €133,770 | €87,415 | -€46,354 | -34.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2022 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.