EVOLVE: what changed
What changed
EVOLVE
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€73,492
2024 · €77,130-€3,638
Equity
€84,638
2024 · €15,967+€68,671
Cash
€222,511
2024 · €71,976+€150,536
Balance sheet total
€489,090
2024 · €271,605+€217,486
Largest movements
Assets
- Cash +€150,536
up €150,536 (+209%), from €71,976 to €222,511
mainly Debts after one year (+€79,900) and Net result for the year (+€73,492)
- Tangible fixed assets +€76,849
up €76,849 (+507%), from €15,162 to €92,011
of which Assets under construction and advance payments: +€76,053
- Receivables within one year -€14,072
down €14,072 (-8.9%), from €158,246 to €144,174
of which Other amounts receivable: -€8,937
Equity and liabilities
- Debts after one year +€79,900
up €79,900 (+2,301%), from €3,472 to €83,372
of which Financial debts: +€79,900
- Reserves +€68,671
up €68,671 (+1,151%), from €5,967 to €74,638
- Trade debts +€65,750
up €65,750 (+211%), from €31,093 to €96,842
- Tax, wage and social debts +€50,247
up €50,247 (+85.0%), from €59,141 to €109,388
of which Taxes: +€31,694
- Other debts -€49,049
down €49,049 (-71.5%), from €68,621 to €19,571
Income statement
- Staff costs +€61,556
up €61,556 (+17.9%), from €344,551 to €406,107
- Gross operating margin +€51,020
up €51,020 (+10.3%), from €496,716 to €547,736
- Financial charges -€10,866
down €10,866 (-33.4%), from €32,521 to €21,655
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€77,130
Gross operating margin
+€51,020
Staff costs
-€61,556
Depreciation
+€2,585
Write-downs
-€975
Other operating charges
+€555
Other operating items
-€623
Financial income
-€345
Financial charges
+€10,866
Taxes
-€5,164
Result 2025
€73,492
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€156,675
Investment
-€81,133
Financing
+€74,993
Cash 2024
€71,976
From operations (derived)
+€156,675
Net result for the year
+€73,492
Depreciation
+€4,902
Receivables within one year
+€14,072
Deferred charges and accrued income
-€4,791
Trade debts
+€65,750
Tax, wage and social debts
+€50,247
Other debts
-€49,049
Accrued charges and deferred income
+€2,053
Investment (derived)
-€81,133
Investment in fixed assets (net)
-€81,133
Financing
+€74,993
Debts after one year
+€79,900
Current portion of long-term debt
-€85
Contributions, distributions and other
-€4,822
Cash 2025
€222,511
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €271,605 | €489,090 | +€217,486 | +80.1% |
| Fixed assets | 21/28 | €29,415 | €105,646 | +€76,231 | +259% |
| Intangible fixed assets | 21 | €932 | €315 | -€618 | -66.2% |
| Tangible fixed assets | 22/27 | €15,162 | €92,011 | +€76,849 | +507% |
| Plant, machinery and equipment | 23 | €5,212 | €8,644 | +€3,432 | +65.8% |
| Furniture and vehicles | 24 | €9,346 | €7,212 | -€2,134 | -22.8% |
| Other tangible fixed assets | 26 | €604 | €103 | -€501 | -83.0% |
| Assets under construction and advance payments | 27 | - | €76,053 | +€76,053 | |
| Financial fixed assets | 28 | €13,320 | €13,320 | = | 0.0% |
| Current assets | 29/58 | €242,190 | €383,444 | +€141,254 | +58.3% |
| Amounts receivable within one year | 40/41 | €158,246 | €144,174 | -€14,072 | -8.9% |
| Trade receivables | 40 | €144,633 | €139,498 | -€5,135 | -3.6% |
| Other amounts receivable | 41 | €13,613 | €4,676 | -€8,937 | -65.6% |
| Cash at bank and in hand | 54/58 | €71,976 | €222,511 | +€150,536 | +209% |
| Deferred charges and accrued income | 490/1 | €11,968 | €16,759 | +€4,791 | +40.0% |
| Total equity and liabilities | 10/49 | €271,605 | €489,090 | +€217,486 | +80.1% |
| Equity | 10/15 | €15,967 | €84,638 | +€68,671 | +430% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €5,967 | €74,638 | +€68,671 | +1,151% |
| Distributable reserves | 133 | €5,967 | €74,638 | +€68,671 | +1,151% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €255,637 | €404,452 | +€148,815 | +58.2% |
| Amounts payable after more than one year | 17 | €3,472 | €83,372 | +€79,900 | +2,301% |
| Financial debts | 170/4 | €1,472 | €81,372 | +€79,900 | +5,428% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €252,165 | €319,027 | +€66,862 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €43,311 | €43,225 | -€85 | -0.2% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €31,093 | €96,842 | +€65,750 | +211% |
| Suppliers | 440/4 | €31,093 | €96,842 | +€65,750 | +211% |
| Taxes, remuneration and social security | 45 | €59,141 | €109,388 | +€50,247 | +85.0% |
| Taxes | 450/3 | €23,418 | €55,112 | +€31,694 | +135% |
| Remuneration and social security | 454/9 | €35,724 | €54,276 | +€18,553 | +51.9% |
| Other amounts payable | 47/48 | €68,621 | €19,571 | -€49,049 | -71.5% |
| Accrued charges and deferred income | 492/3 | €0 | €2,053 | +€2,053 | |
| Remuneration, social security and pensions | 62 | €344,551 | €406,107 | +€61,556 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,486 | €4,902 | -€2,585 | -34.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €975 | +€975 | |
| Other operating charges | 640/8 | €1,738 | €1,183 | -€555 | -31.9% |
| Non-recurring operating charges | 66A | €1,475 | €2,098 | +€623 | +42.2% |
| Gross operating margin | 9900 | €496,716 | €547,736 | +€51,020 | +10.3% |
| Operating profit (loss) | 9901 | €141,466 | €132,471 | -€8,995 | -6.4% |
| Financial income | 75/76B | €345 | €0 | -€345 | -100% |
| Recurring financial income | 75 | €345 | €0 | -€345 | -100% |
| Financial charges | 65/66B | €32,521 | €21,655 | -€10,866 | -33.4% |
| Recurring financial charges | 65 | €32,521 | €21,655 | -€10,866 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €109,290 | €110,816 | +€1,526 | +1.4% |
| Income taxes | 67/77 | €32,160 | €37,324 | +€5,164 | +16.1% |
| Profit (loss) for the period | 9904 | €77,130 | €73,492 | -€3,638 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,130 | €73,492 | -€3,638 | -4.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.