EVORAS: 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.
EVORAS
Largest movements
- Current investments -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Cash +€16,283
up €16,283 (+80.2%), from €20,300 to €36,583
mainly Net result for the year (+€71,605) and Current investments (+€40,000)
- Debts after one year -€40,000
down €40,000 (-21.1%), from €190,000 to €150,000
- Other debts +€38,262
up €38,262 (+63898.6%), from €60 to €38,322
- Reserves -€18,395
down €18,395 (-5.2%), from €351,177 to €332,782
of which Distributable reserves: -€18,395
- Gross operating margin -€42,394
down €42,394 (-29.6%), from €143,024 to €100,629
- Depreciation -€8,725
down €8,725 (-85.8%), from €10,174 to €1,449
- Taxes -€8,034
down €8,034 (-24.7%), from €32,473 to €24,439
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 | €662,117 | €638,209 | -€23,908 | -3.6% |
| Fixed assets | 21/28 | €600,744 | €600,572 | -€172 | 0.0% |
| Tangible fixed assets | 22/27 | €1,295 | €1,122 | -€172 | -13.3% |
| Furniture and vehicles | 24 | €1,295 | €1,122 | -€172 | -13.3% |
| Financial fixed assets | 28 | €599,450 | €599,450 | = | 0.0% |
| Current assets | 29/58 | €61,373 | €37,637 | -€23,736 | -38.7% |
| Current investments | 50/53 | €40,000 | €0 | -€40,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €20,300 | €36,583 | +€16,283 | +80.2% |
| Deferred charges and accrued income | 490/1 | €1,072 | €1,054 | -€19 | -1.7% |
| Total equity and liabilities | 10/49 | €662,117 | €638,209 | -€23,908 | -3.6% |
| Equity | 10/15 | €451,177 | €432,782 | -€18,395 | -4.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €351,177 | €332,782 | -€18,395 | -5.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €341,177 | €322,782 | -€18,395 | -5.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €210,940 | €205,427 | -€5,513 | -2.6% |
| Amounts payable after more than one year | 17 | €190,000 | €150,000 | -€40,000 | -21.1% |
| Financial debts | 170/4 | €190,000 | €150,000 | -€40,000 | -21.1% |
| Amounts payable within one year | 42/48 | €16,433 | €52,225 | +€35,792 | +217.8% |
| Trade debts | 44 | €91 | €602 | +€511 | +560.3% |
| Suppliers | 440/4 | €91 | €602 | +€511 | +560.3% |
| Taxes, remuneration and social security | 45 | €16,282 | €13,301 | -€2,981 | -18.3% |
| Taxes | 450/3 | €16,282 | €13,301 | -€2,981 | -18.3% |
| Other amounts payable | 47/48 | €60 | €38,322 | +€38,262 | +63898.6% |
| Accrued charges and deferred income | 492/3 | €4,507 | €3,202 | -€1,305 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,174 | €1,449 | -€8,725 | -85.8% |
| Other operating charges | 640/8 | €667 | €683 | +€16 | +2.4% |
| Gross operating margin | 9900 | €143,024 | €100,629 | -€42,394 | -29.6% |
| Operating profit (loss) | 9901 | €132,183 | €98,498 | -€33,685 | -25.5% |
| Financial income | 75/76B | €386 | €173 | -€214 | -55.3% |
| Recurring financial income | 75 | €386 | €173 | -€214 | -55.3% |
| Financial charges | 65/66B | €3,988 | €2,627 | -€1,361 | -34.1% |
| Recurring financial charges | 65 | €3,988 | €2,627 | -€1,361 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €128,582 | €96,044 | -€32,538 | -25.3% |
| Income taxes | 67/77 | €32,473 | €24,439 | -€8,034 | -24.7% |
| Profit (loss) for the period | 9904 | €96,109 | €71,605 | -€24,504 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €96,109 | €71,605 | -€24,504 | -25.5% |
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 7 October 2026 via checked.be.