E-Volution: 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.
E-Volution
Largest movements
- Current investments +€70,000
new in 2025: €70,000
- Cash -€37,131
down €37,131 (-48.3%), from €76,856 to €39,724
mainly Current investments (-€70,000) and Other debts (-€1,069)
- Receivables within one year -€2,427
down €2,427 (-8.5%), from €28,537 to €26,111
- Tangible fixed assets -€1,420
down €1,420 (-41.5%), from €3,423 to €2,003
of which Plant, machinery and equipment: -€808
- Profit (loss) carried forward +€25,697
up €25,697 (+27.6%), from €93,119 to €118,816
- Trade debts +€2,686
up €2,686 (+207%), from €1,297 to €3,983
- Gross operating margin -€4,034
down €4,034 (-9.4%), from €42,840 to €38,806
- Financial income -€742
down €742 (-71.5%), from €1,038 to €296
- Taxes -€608
down €608 (-6.8%), from €8,963 to €8,355
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 | €114,009 | €141,725 | +€27,716 | +24.3% |
| Fixed assets | 21/28 | €3,678 | €2,258 | -€1,420 | -38.6% |
| Tangible fixed assets | 22/27 | €3,423 | €2,003 | -€1,420 | -41.5% |
| Plant, machinery and equipment | 23 | €2,812 | €2,003 | -€808 | -28.8% |
| Furniture and vehicles | 24 | €611 | €0 | -€611 | -100% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €110,331 | €139,467 | +€29,136 | +26.4% |
| Stocks and contracts in progress | 3 | €4,491 | €3,489 | -€1,002 | -22.3% |
| Stocks | 30/36 | €4,491 | €3,489 | -€1,002 | -22.3% |
| Amounts receivable within one year | 40/41 | €28,537 | €26,111 | -€2,427 | -8.5% |
| Trade receivables | 40 | €28,537 | €26,111 | -€2,427 | -8.5% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €76,856 | €39,724 | -€37,131 | -48.3% |
| Deferred charges and accrued income | 490/1 | €447 | €143 | -€304 | -68.0% |
| Total equity and liabilities | 10/49 | €114,009 | €141,725 | +€27,716 | +24.3% |
| Equity | 10/15 | €98,119 | €123,816 | +€25,697 | +26.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,119 | €118,816 | +€25,697 | +27.6% |
| Amounts payable | 17/49 | €15,890 | €17,909 | +€2,019 | +12.7% |
| Amounts payable within one year | 42/48 | €15,890 | €17,909 | +€2,019 | +12.7% |
| Trade debts | 44 | €1,297 | €3,983 | +€2,686 | +207% |
| Suppliers | 440/4 | €1,297 | €3,983 | +€2,686 | +207% |
| Taxes, remuneration and social security | 45 | €10,410 | €10,812 | +€401 | +3.9% |
| Taxes | 450/3 | €6,392 | €7,433 | +€1,041 | +16.3% |
| Remuneration and social security | 454/9 | €4,019 | €3,379 | -€640 | -15.9% |
| Other amounts payable | 47/48 | €4,183 | €3,114 | -€1,069 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,461 | €1,420 | -€41 | -2.8% |
| Other operating charges | 640/8 | €1,362 | €1,351 | -€11 | -0.8% |
| Gross operating margin | 9900 | €42,840 | €38,806 | -€4,034 | -9.4% |
| Operating profit (loss) | 9901 | €40,017 | €36,035 | -€3,982 | -10.0% |
| Financial income | 75/76B | €1,038 | €296 | -€742 | -71.5% |
| Recurring financial income | 75 | €1,038 | €296 | -€742 | -71.5% |
| Financial charges | 65/66B | €1,812 | €1,446 | -€366 | -20.2% |
| Recurring financial charges | 65 | €1,812 | €1,446 | -€366 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €39,243 | €34,886 | -€4,357 | -11.1% |
| Income taxes | 67/77 | €8,963 | €8,355 | -€608 | -6.8% |
| Profit (loss) for the period | 9904 | €30,280 | €26,530 | -€3,750 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,280 | €26,530 | -€3,750 | -12.4% |
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 18 October 2026 via checked.be.