THE ULTIMATE 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.
THE ULTIMATE EVOLVE
Largest movements
- Receivables within one year +€15,380
up €15,380 (+62.4%), from €24,646 to €40,026
of which Other amounts receivable: +€22,100
- Cash -€6,764
down €6,764 (-32.4%), from €20,903 to €14,139
mainly Receivables within one year (-€15,380) and Trade debts (-€4,530)
- Reserves +€16,000
up €16,000 (+55.2%), from €29,000 to €45,000
- Trade debts -€4,530
down €4,530 (-99.7%), from €4,543 to €13
- Tax, wage and social debts -€2,423
down €2,423 (-20.6%), from €11,754 to €9,331
of which Taxes: -€2,323
- Gross operating margin -€18,953
down €18,953 (-45.7%), from €41,466 to €22,513
- Taxes -€3,710
down €3,710 (-41.3%), from €8,974 to €5,264
- Financial charges -€1,321
down €1,321 (-78.0%), from €1,694 to €373
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 | €48,317 | €56,969 | +€8,652 | +17.9% |
| Fixed assets | 21/28 | €2,237 | €1,746 | -€490 | -21.9% |
| Tangible fixed assets | 22/27 | €2,237 | €1,746 | -€490 | -21.9% |
| Plant, machinery and equipment | 23 | €2,237 | €1,746 | -€490 | -21.9% |
| Current assets | 29/58 | €46,081 | €55,223 | +€9,142 | +19.8% |
| Amounts receivable within one year | 40/41 | €24,646 | €40,026 | +€15,380 | +62.4% |
| Trade receivables | 40 | €9,520 | €2,800 | -€6,720 | -70.6% |
| Other amounts receivable | 41 | €15,126 | €37,226 | +€22,100 | +146.1% |
| Cash at bank and in hand | 54/58 | €20,903 | €14,139 | -€6,764 | -32.4% |
| Deferred charges and accrued income | 490/1 | €532 | €1,058 | +€527 | +99.1% |
| Total equity and liabilities | 10/49 | €48,317 | €56,969 | +€8,652 | +17.9% |
| Equity | 10/15 | €31,987 | €47,602 | +€15,615 | +48.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,000 | €45,000 | +€16,000 | +55.2% |
| Distributable reserves | 133 | €29,000 | €45,000 | +€16,000 | +55.2% |
| Profit (loss) carried forward | 14 | €987 | €602 | -€385 | -39.0% |
| Amounts payable | 17/49 | €16,331 | €9,368 | -€6,963 | -42.6% |
| Amounts payable within one year | 42/48 | €16,331 | €9,368 | -€6,963 | -42.6% |
| Trade debts | 44 | €4,543 | €13 | -€4,530 | -99.7% |
| Suppliers | 440/4 | €4,543 | €13 | -€4,530 | -99.7% |
| Taxes, remuneration and social security | 45 | €11,754 | €9,331 | -€2,423 | -20.6% |
| Taxes | 450/3 | €9,654 | €7,331 | -€2,323 | -24.1% |
| Remuneration and social security | 454/9 | €2,100 | €2,000 | -€100 | -4.8% |
| Other amounts payable | 47/48 | €33 | €24 | -€10 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215 | €490 | +€275 | +127.8% |
| Other operating charges | 640/8 | €603 | €851 | +€248 | +41.1% |
| Gross operating margin | 9900 | €41,466 | €22,513 | -€18,953 | -45.7% |
| Operating profit (loss) | 9901 | €40,648 | €21,172 | -€19,476 | -47.9% |
| Financial income | 75/76B | €7 | €80 | +€73 | +1051.1% |
| Recurring financial income | 75 | €7 | €80 | +€73 | +1051.1% |
| Financial charges | 65/66B | €1,694 | €373 | -€1,321 | -78.0% |
| Recurring financial charges | 65 | €1,694 | €373 | -€1,321 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | €38,961 | €20,879 | -€18,082 | -46.4% |
| Income taxes | 67/77 | €8,974 | €5,264 | -€3,710 | -41.3% |
| Profit (loss) for the period | 9904 | €29,987 | €15,615 | -€14,372 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,987 | €15,615 | -€14,372 | -47.9% |
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 8 October 2026 via checked.be.