E&D: 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&D
Largest movements
- Deferred charges and accrued income +€19,759
up €19,759 (+8192.2%), from €241 to €20,000
- Tangible fixed assets -€4,986
no longer reported in 2025 (was €4,986)
of which Furniture and vehicles: -€3,162
- Cash -€1,912
down €1,912 (-97.6%), from €1,959 to €46
mainly Deferred charges and accrued income (-€19,759) and Tax, wage and social debts (-€5,529)
- Receivables within one year -€1,126
no longer reported in 2025 (was €1,126)
- Other debts +€12,255
new in 2025: €12,255
- Profit (loss) carried forward +€8,633
up €8,633 (+52.0%), from -€16,614 to -€7,981
- Tax, wage and social debts -€5,529
down €5,529 (-91.7%), from €6,029 to €501
- Trade debts -€3,625
down €3,625 (-93.0%), from €3,896 to €271
- Staff costs -€64,287
down €64,287 (-99.4%), from €64,690 to €403
- Gross operating margin -€18,268
down €18,268 (-53.4%), from €34,199 to €15,931
- Financial charges -€4,129
down €4,129 (-89.4%), from €4,618 to €489
- Depreciation -€3,051
no longer reported in 2025 (was €3,051)
- Other operating charges -€1,104
down €1,104 (-54.6%), from €2,023 to €919
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 | €8,312 | €20,046 | +€11,734 | +141.2% |
| Fixed assets | 21/28 | €4,986 | - | -€4,986 | |
| Tangible fixed assets | 22/27 | €4,986 | - | -€4,986 | |
| Plant, machinery and equipment | 23 | €1,824 | - | -€1,824 | |
| Furniture and vehicles | 24 | €3,162 | - | -€3,162 | |
| Current assets | 29/58 | €3,326 | €20,046 | +€16,720 | +502.7% |
| Amounts receivable within one year | 40/41 | €1,126 | - | -€1,126 | |
| Other amounts receivable | 41 | €1,126 | - | -€1,126 | |
| Cash at bank and in hand | 54/58 | €1,959 | €46 | -€1,912 | -97.6% |
| Deferred charges and accrued income | 490/1 | €241 | €20,000 | +€19,759 | +8192.2% |
| Total equity and liabilities | 10/49 | €8,312 | €20,046 | +€11,734 | +141.2% |
| Equity | 10/15 | -€1,614 | €7,019 | +€8,633 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,614 | -€7,981 | +€8,633 | +52.0% |
| Amounts payable | 17/49 | €9,926 | €13,027 | +€3,101 | +31.2% |
| Amounts payable within one year | 42/48 | €9,926 | €13,027 | +€3,101 | +31.2% |
| Trade debts | 44 | €3,896 | €271 | -€3,625 | -93.0% |
| Suppliers | 440/4 | €3,896 | €271 | -€3,625 | -93.0% |
| Taxes, remuneration and social security | 45 | €6,029 | €501 | -€5,529 | -91.7% |
| Taxes | 450/3 | €6,029 | €501 | -€5,529 | -91.7% |
| Other amounts payable | 47/48 | - | €12,255 | +€12,255 | |
| Remuneration, social security and pensions | 62 | €64,690 | €403 | -€64,287 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,051 | - | -€3,051 | |
| Other operating charges | 640/8 | €2,023 | €919 | -€1,104 | -54.6% |
| Non-recurring operating charges | 66A | - | €4,986 | +€4,986 | |
| Gross operating margin | 9900 | €34,199 | €15,931 | -€18,268 | -53.4% |
| Operating profit (loss) | 9901 | -€35,565 | €9,623 | +€45,188 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,618 | €489 | -€4,129 | -89.4% |
| Recurring financial charges | 65 | €4,618 | €489 | -€4,129 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | -€40,183 | €9,134 | +€49,316 | |
| Income taxes | 67/77 | - | €501 | +€501 | |
| Profit (loss) for the period | 9904 | -€40,183 | €8,633 | +€48,816 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,183 | €8,633 | +€48,816 |
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.