E & A MANAGEMENT SERVICES: 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 & A MANAGEMENT SERVICES
Largest movements
- Tangible fixed assets -€19,334
down €19,334 (-4.9%), from €395,118 to €375,784
of which Land and buildings: -€17,317
- Debts after one year -€17,000
down €17,000 (-43.5%), from €39,083 to €22,083
- Other debts -€11,038
down €11,038 (-15.0%), from €73,495 to €62,457
- Reserves +€10,445
up €10,445 (+7.9%), from €132,616 to €143,061
- Current portion of long-term debt -€4,870
down €4,870 (-22.3%), from €21,870 to €17,000
- Accrued charges and deferred income +€4,851
new in 2025: €4,851
- Gross operating margin +€18,195
up €18,195 (+63.4%), from €28,706 to €46,901
- Taxes +€3,189
up €3,189 (+140%), from €2,282 to €5,472
- Financial charges -€876
down €876 (-9.9%), from €8,813 to €7,937
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 | €412,783 | €391,604 | -€21,179 | -5.1% |
| Fixed assets | 21/28 | €395,118 | €375,784 | -€19,334 | -4.9% |
| Tangible fixed assets | 22/27 | €395,118 | €375,784 | -€19,334 | -4.9% |
| Land and buildings | 22 | €389,498 | €372,181 | -€17,317 | -4.4% |
| Plant, machinery and equipment | 23 | €5,620 | €3,603 | -€2,017 | -35.9% |
| Current assets | 29/58 | €17,665 | €15,820 | -€1,845 | -10.4% |
| Amounts receivable within one year | 40/41 | €4,479 | €2,206 | -€2,273 | -50.8% |
| Other amounts receivable | 41 | €4,479 | €2,206 | -€2,273 | -50.8% |
| Cash at bank and in hand | 54/58 | €0 | €2,440 | +€2,440 | |
| Deferred charges and accrued income | 490/1 | €13,186 | €11,174 | -€2,012 | -15.3% |
| Total equity and liabilities | 10/49 | €412,783 | €391,604 | -€21,179 | -5.1% |
| Equity | 10/15 | €270,856 | €281,301 | +€10,445 | +3.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €132,616 | €143,061 | +€10,445 | +7.9% |
| Distributable reserves | 133 | €132,616 | €143,061 | +€10,445 | +7.9% |
| Profit (loss) carried forward | 14 | €76,740 | €76,740 | = | 0.0% |
| Amounts payable | 17/49 | €141,927 | €110,303 | -€31,624 | -22.3% |
| Amounts payable after more than one year | 17 | €39,083 | €22,083 | -€17,000 | -43.5% |
| Financial debts | 170/4 | €39,083 | €22,083 | -€17,000 | -43.5% |
| Amounts payable within one year | 42/48 | €102,844 | €83,368 | -€19,475 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €21,870 | €17,000 | -€4,870 | -22.3% |
| Financial debts | 43 | €265 | €0 | -€265 | -100% |
| Credit institutions | 430/8 | €265 | €0 | -€265 | -100% |
| Trade debts | 44 | €2,530 | €3,911 | +€1,381 | +54.6% |
| Suppliers | 440/4 | €2,530 | €3,911 | +€1,381 | +54.6% |
| Taxes, remuneration and social security | 45 | €4,683 | €0 | -€4,683 | -100% |
| Taxes | 450/3 | €4,683 | €0 | -€4,683 | -100% |
| Other amounts payable | 47/48 | €73,495 | €62,457 | -€11,038 | -15.0% |
| Accrued charges and deferred income | 492/3 | - | €4,851 | +€4,851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,934 | €19,334 | +€400 | +2.1% |
| Other operating charges | 640/8 | €3,624 | €3,716 | +€91 | +2.5% |
| Gross operating margin | 9900 | €28,706 | €46,901 | +€18,195 | +63.4% |
| Operating profit (loss) | 9901 | €6,148 | €23,852 | +€17,704 | +288% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €8,813 | €7,937 | -€876 | -9.9% |
| Recurring financial charges | 65 | €8,813 | €7,937 | -€876 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,665 | €15,917 | +€18,582 | |
| Income taxes | 67/77 | €2,282 | €5,472 | +€3,189 | +140% |
| Profit (loss) for the period | 9904 | -€4,947 | €10,445 | +€15,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,947 | €10,445 | +€15,392 |
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 28 October 2026 via checked.be.