e+: 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.
e+
Largest movements
- Cash +€64,029
up €64,029 (+175.4%), from €36,497 to €100,526
mainly Net result for the year (+€39,718) and Tax, wage and social debts (+€12,914)
- Tangible fixed assets -€10,986
down €10,986 (-21.2%), from €51,704 to €40,718
of which Furniture and vehicles: -€10,068
- Profit (loss) carried forward +€39,718
up €39,718 (+337.7%), from €11,760 to €51,478
- Tax, wage and social debts +€12,914
up €12,914 (+402.8%), from €3,206 to €16,120
- Gross operating margin +€41,174
up €41,174 (+165.7%), from €24,847 to €66,021
- Taxes +€10,587
up €10,587 (+353.5%), from €2,995 to €13,582
- Depreciation +€2,739
up €2,739 (+27.4%), from €9,989 to €12,728
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 | €88,466 | €141,243 | +€52,777 | +59.7% |
| Fixed assets | 21/28 | €51,704 | €40,718 | -€10,986 | -21.2% |
| Tangible fixed assets | 22/27 | €51,704 | €40,718 | -€10,986 | -21.2% |
| Plant, machinery and equipment | 23 | €3,902 | €2,983 | -€918 | -23.5% |
| Furniture and vehicles | 24 | €47,802 | €37,734 | -€10,068 | -21.1% |
| Current assets | 29/58 | €36,762 | €100,526 | +€63,763 | +173.4% |
| Amounts receivable within one year | 40/41 | €266 | - | -€266 | |
| Trade receivables | 40 | €266 | - | -€266 | |
| Cash at bank and in hand | 54/58 | €36,497 | €100,526 | +€64,029 | +175.4% |
| Total equity and liabilities | 10/49 | €88,466 | €141,243 | +€52,777 | +59.7% |
| Equity | 10/15 | €61,760 | €101,478 | +€39,718 | +64.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,760 | €51,478 | +€39,718 | +337.7% |
| Amounts payable | 17/49 | €26,706 | €39,765 | +€13,059 | +48.9% |
| Amounts payable within one year | 42/48 | €26,706 | €39,765 | +€13,059 | +48.9% |
| Trade debts | 44 | - | €573 | +€573 | |
| Suppliers | 440/4 | - | €573 | +€573 | |
| Taxes, remuneration and social security | 45 | €3,206 | €16,120 | +€12,914 | +402.8% |
| Taxes | 450/3 | €3,206 | €16,120 | +€12,914 | +402.8% |
| Other amounts payable | 47/48 | €23,500 | €23,072 | -€429 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,989 | €12,728 | +€2,739 | +27.4% |
| Other operating charges | 640/8 | €161 | €101 | -€60 | -37.4% |
| Gross operating margin | 9900 | €24,847 | €66,021 | +€41,174 | +165.7% |
| Operating profit (loss) | 9901 | €14,696 | €53,192 | +€38,495 | +261.9% |
| Financial income | 75/76B | €80 | €274 | +€194 | +243.4% |
| Recurring financial income | 75 | €80 | €274 | +€194 | +243.4% |
| Financial charges | 65/66B | €21 | €165 | +€144 | +688.1% |
| Recurring financial charges | 65 | €21 | €165 | +€144 | +688.1% |
| Profit (loss) for the period before taxes | 9903 | €14,755 | €53,300 | +€38,545 | +261.2% |
| Income taxes | 67/77 | €2,995 | €13,582 | +€10,587 | +353.5% |
| Profit (loss) for the period | 9904 | €11,760 | €39,718 | +€27,958 | +237.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,760 | €39,718 | +€27,958 | +237.7% |
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 6 October 2026 via checked.be.