E² and Co: 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.
E² and Co
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€2,100
up €2,100 (+2.4%), from €86,483 to €88,583
- Trade debts -€1,779
no longer reported in 2025 (was €1,779)
- Profit (loss) carried forward -€323
down €323 (-0.3%), from -€106,879 to -€107,202
- Short-term financial debts +€2
up €2 (+11.6%), from €17 to €19
- Gross operating margin +€1,833
up €1,833 (+96.2%), from -€1,906 to -€72
- Other operating charges -€195
down €195 (-74.8%), from €261 to €66
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total equity and liabilities | 10/49 | €0 | €0 | = | |
| Equity | 10/15 | -€88,279 | -€88,602 | -€323 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,879 | -€107,202 | -€323 | -0.3% |
| Amounts payable | 17/49 | €88,279 | €88,602 | +€323 | +0.4% |
| Amounts payable within one year | 42/48 | €88,279 | €88,602 | +€323 | +0.4% |
| Financial debts | 43 | €17 | €19 | +€2 | +11.6% |
| Credit institutions | 430/8 | €17 | €19 | +€2 | +11.6% |
| Trade debts | 44 | €1,779 | - | -€1,779 | |
| Suppliers | 440/4 | €1,779 | - | -€1,779 | |
| Other amounts payable | 47/48 | €86,483 | €88,583 | +€2,100 | +2.4% |
| Other operating charges | 640/8 | €261 | €66 | -€195 | -74.8% |
| Gross operating margin | 9900 | -€1,906 | -€72 | +€1,833 | +96.2% |
| Operating profit (loss) | 9901 | -€2,166 | -€138 | +€2,028 | +93.6% |
| Financial charges | 65/66B | €183 | €186 | +€3 | +1.6% |
| Recurring financial charges | 65 | €183 | €186 | +€3 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,349 | -€323 | +€2,025 | +86.2% |
| Profit (loss) for the period | 9904 | -€2,349 | -€323 | +€2,025 | +86.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,349 | -€323 | +€2,025 | +86.2% |
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 5 October 2026 via checked.be.