E. COM-HANDLING: 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. COM-HANDLING
Largest movements
- Cash +€5,456
up €5,456 (+10.8%), from €50,752 to €56,208
mainly Net result for the year (+€5,356) and Tax, wage and social debts (+€1,993)
- Reserves +€5,356
up €5,356 (+16.1%), from €33,318 to €38,674
of which Distributable reserves: +€5,356
- Tax, wage and social debts +€1,993
up €1,993 (+22.7%), from €8,765 to €10,758
of which Remuneration and social security: +€1,113
- Trade debts -€1,783
down €1,783 (-36.9%), from €4,829 to €3,046
- Other debts -€913
down €913 (-23.2%), from €3,937 to €3,024
- Gross operating margin +€13,604
up €13,604 (+27.9%), from €48,742 to €62,346
- Staff costs +€8,085
up €8,085 (+19.7%), from €41,074 to €49,159
- Financial charges +€2,838
up €2,838 (+310%), from €914 to €3,752
- Taxes +€826
up €826 (+45.5%), from €1,816 to €2,642
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 | €69,449 | €74,102 | +€4,653 | +6.7% |
| Fixed assets | 21/28 | €3,089 | €2,485 | -€604 | -19.6% |
| Tangible fixed assets | 22/27 | €3,089 | €2,485 | -€604 | -19.6% |
| Land and buildings | 22 | €3,089 | €2,485 | -€604 | -19.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €66,360 | €71,617 | +€5,257 | +7.9% |
| Amounts receivable within one year | 40/41 | €14,312 | €13,905 | -€407 | -2.8% |
| Trade receivables | 40 | €13,070 | €13,905 | +€836 | +6.4% |
| Other amounts receivable | 41 | €1,243 | - | -€1,243 | |
| Cash at bank and in hand | 54/58 | €50,752 | €56,208 | +€5,456 | +10.8% |
| Deferred charges and accrued income | 490/1 | €1,296 | €1,503 | +€207 | +16.0% |
| Total equity and liabilities | 10/49 | €69,449 | €74,102 | +€4,653 | +6.7% |
| Equity | 10/15 | €51,918 | €57,274 | +€5,356 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,318 | €38,674 | +€5,356 | +16.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,458 | €36,814 | +€5,356 | +17.0% |
| Amounts payable | 17/49 | €17,531 | €16,828 | -€703 | -4.0% |
| Amounts payable within one year | 42/48 | €17,531 | €16,828 | -€703 | -4.0% |
| Trade debts | 44 | €4,829 | €3,046 | -€1,783 | -36.9% |
| Suppliers | 440/4 | €4,829 | €3,046 | -€1,783 | -36.9% |
| Taxes, remuneration and social security | 45 | €8,765 | €10,758 | +€1,993 | +22.7% |
| Taxes | 450/3 | €2,737 | €3,618 | +€880 | +32.2% |
| Remuneration and social security | 454/9 | €6,028 | €7,141 | +€1,113 | +18.5% |
| Other amounts payable | 47/48 | €3,937 | €3,024 | -€913 | -23.2% |
| Remuneration, social security and pensions | 62 | €41,074 | €49,159 | +€8,085 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €604 | €604 | = | 0.0% |
| Other operating charges | 640/8 | €811 | €833 | +€22 | +2.7% |
| Gross operating margin | 9900 | €48,742 | €62,346 | +€13,604 | +27.9% |
| Operating profit (loss) | 9901 | €6,253 | €11,749 | +€5,497 | +87.9% |
| Financial charges | 65/66B | €914 | €3,752 | +€2,838 | +310% |
| Recurring financial charges | 65 | €914 | €3,752 | +€2,838 | +310% |
| Profit (loss) for the period before taxes | 9903 | €5,338 | €7,997 | +€2,659 | +49.8% |
| Income taxes | 67/77 | €1,816 | €2,642 | +€826 | +45.5% |
| Profit (loss) for the period | 9904 | €3,522 | €5,356 | +€1,833 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,522 | €5,356 | +€1,833 | +52.1% |
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 1 November 2026 via checked.be.