L EVEREST: 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.
L EVEREST
Largest movements
- Receivables within one year +€4,501
up €4,501 (+153%), from €2,950 to €7,451
of which Trade receivables: +€4,687
- Cash +€2,027
up €2,027 (+31.0%), from €6,528 to €8,555
mainly Other debts (+€20,990) and Stocks and contracts (+€471)
- Other debts +€20,990
up €20,990 (+12.7%), from €165,847 to €186,837
- Trade debts -€9,832
down €9,832 (-72.4%), from €13,581 to €3,749
- Profit (loss) carried forward -€5,746
down €5,746 (-3.2%), from -€181,728 to -€187,474
- Gross operating margin -€2,182
down €2,182 (-92.4%), from -€2,363 to -€4,545
- Depreciation -€213
down €213 (-41.4%), from €513 to €301
- Other operating charges +€127
up €127 (+20.7%), from €613 to €740
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 | €59,967 | €65,510 | +€5,543 | +9.2% |
| Fixed assets | 21/28 | €1,103 | €802 | -€301 | -27.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,103 | €802 | -€301 | -27.3% |
| Plant, machinery and equipment | 23 | €1,103 | €802 | -€301 | -27.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €58,865 | €64,708 | +€5,844 | +9.9% |
| Stocks and contracts in progress | 3 | €49,173 | €48,703 | -€471 | -1.0% |
| Stocks | 30/36 | €49,173 | €48,703 | -€471 | -1.0% |
| Amounts receivable within one year | 40/41 | €2,950 | €7,451 | +€4,501 | +153% |
| Trade receivables | 40 | €2,637 | €7,324 | +€4,687 | +178% |
| Other amounts receivable | 41 | €313 | €127 | -€186 | -59.3% |
| Cash at bank and in hand | 54/58 | €6,528 | €8,555 | +€2,027 | +31.0% |
| Deferred charges and accrued income | 490/1 | €214 | €0 | -€214 | -100% |
| Total equity and liabilities | 10/49 | €59,967 | €65,510 | +€5,543 | +9.2% |
| Equity | 10/15 | -€119,755 | -€125,501 | -€5,746 | -4.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€181,728 | -€187,474 | -€5,746 | -3.2% |
| Amounts payable | 17/49 | €179,722 | €191,011 | +€11,289 | +6.3% |
| Amounts payable within one year | 42/48 | €179,640 | €191,011 | +€11,371 | +6.3% |
| Trade debts | 44 | €13,581 | €3,749 | -€9,832 | -72.4% |
| Suppliers | 440/4 | €13,581 | €3,749 | -€9,832 | -72.4% |
| Taxes, remuneration and social security | 45 | €212 | €425 | +€213 | +101% |
| Taxes | 450/3 | €212 | €425 | +€213 | +101% |
| Other amounts payable | 47/48 | €165,847 | €186,837 | +€20,990 | +12.7% |
| Accrued charges and deferred income | 492/3 | €82 | €0 | -€82 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513 | €301 | -€213 | -41.4% |
| Other operating charges | 640/8 | €613 | €740 | +€127 | +20.7% |
| Gross operating margin | 9900 | -€2,363 | -€4,545 | -€2,182 | -92.4% |
| Operating profit (loss) | 9901 | -€3,489 | -€5,585 | -€2,096 | -60.1% |
| Financial charges | 65/66B | €164 | €161 | -€4 | -2.3% |
| Recurring financial charges | 65 | €164 | €161 | -€4 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,653 | -€5,746 | -€2,093 | -57.3% |
| Profit (loss) for the period | 9904 | -€3,653 | -€5,746 | -€2,093 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,653 | -€5,746 | -€2,093 | -57.3% |
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 16 October 2026 via checked.be.