E.DOYEN: 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.DOYEN
Largest movements
- Receivables within one year +€21,867
up €21,867 (+39.0%), from €56,127 to €77,994
of which Other amounts receivable: +€24,307
- Cash -€17,176
down €17,176 (-12.2%), from €140,337 to €123,161
mainly Receivables within one year (-€21,867) and Contributions, distributions and other (-€14,000)
- Tangible fixed assets -€12,125
down €12,125 (-22.8%), from €53,270 to €41,145
of which Other tangible fixed assets: -€11,564
- Trade debts +€28,600
up €28,600 (+64.0%), from €44,677 to €73,277
- Reserves -€14,000
down €14,000 (-11.3%), from €123,860 to €109,860
- Other debts +€13,976
up €13,976 (+58,724%), from €24 to €14,000
- Debts after one year -€9,674
down €9,674 (-28.4%), from €34,119 to €24,444
- Profit (loss) carried forward -€9,637
down €9,637 (-13.1%), from €73,620 to €63,983
- Gross operating margin -€76,716
down €76,716 (-22.1%), from €347,400 to €270,683
- Taxes -€21,833
down €21,833 (-98.5%), from €22,167 to €334
- Depreciation -€7,023
down €7,023 (-26.8%), from €26,222 to €19,200
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 | €343,092 | €336,641 | -€6,450 | -1.9% |
| Fixed assets | 21/28 | €140,020 | €127,895 | -€12,125 | -8.7% |
| Tangible fixed assets | 22/27 | €53,270 | €41,145 | -€12,125 | -22.8% |
| Plant, machinery and equipment | 23 | €1,499 | €1,964 | +€465 | +31.0% |
| Furniture and vehicles | 24 | €2,189 | €1,164 | -€1,026 | -46.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €49,581 | €38,017 | -€11,564 | -23.3% |
| Financial fixed assets | 28 | €86,750 | €86,750 | = | 0.0% |
| Current assets | 29/58 | €203,072 | €208,747 | +€5,675 | +2.8% |
| Stocks and contracts in progress | 3 | €2,944 | €4,348 | +€1,403 | +47.7% |
| Stocks | 30/36 | €2,944 | €4,348 | +€1,403 | +47.7% |
| Amounts receivable within one year | 40/41 | €56,127 | €77,994 | +€21,867 | +39.0% |
| Trade receivables | 40 | €31,216 | €28,776 | -€2,440 | -7.8% |
| Other amounts receivable | 41 | €24,910 | €49,217 | +€24,307 | +97.6% |
| Cash at bank and in hand | 54/58 | €140,337 | €123,161 | -€17,176 | -12.2% |
| Deferred charges and accrued income | 490/1 | €3,664 | €3,245 | -€420 | -11.5% |
| Total equity and liabilities | 10/49 | €343,092 | €336,641 | -€6,450 | -1.9% |
| Equity | 10/15 | €203,680 | €180,043 | -€23,637 | -11.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,860 | €109,860 | -€14,000 | -11.3% |
| Distributable reserves | 133 | €123,860 | €109,860 | -€14,000 | -11.3% |
| Profit (loss) carried forward | 14 | €73,620 | €63,983 | -€9,637 | -13.1% |
| Amounts payable | 17/49 | €139,412 | €156,598 | +€17,186 | +12.3% |
| Amounts payable after more than one year | 17 | €34,119 | €24,444 | -€9,674 | -28.4% |
| Financial debts | 170/4 | €34,119 | €24,444 | -€9,674 | -28.4% |
| Amounts payable within one year | 42/48 | €101,207 | €132,154 | +€30,947 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €13,996 | €9,674 | -€4,321 | -30.9% |
| Trade debts | 44 | €44,677 | €73,277 | +€28,600 | +64.0% |
| Suppliers | 440/4 | €44,677 | €73,277 | +€28,600 | +64.0% |
| Taxes, remuneration and social security | 45 | €42,510 | €35,202 | -€7,309 | -17.2% |
| Taxes | 450/3 | €9,415 | €5,920 | -€3,494 | -37.1% |
| Remuneration and social security | 454/9 | €33,096 | €29,281 | -€3,814 | -11.5% |
| Other amounts payable | 47/48 | €24 | €14,000 | +€13,976 | +58,724% |
| Accrued charges and deferred income | 492/3 | €4,086 | €0 | -€4,086 | -100% |
| Remuneration, social security and pensions | 62 | €252,425 | €253,139 | +€714 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,222 | €19,200 | -€7,023 | -26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,950 | €2,550 | -€400 | -13.6% |
| Non-recurring operating charges | 66A | €442 | €43 | -€399 | -90.2% |
| Gross operating margin | 9900 | €347,400 | €270,683 | -€76,716 | -22.1% |
| Operating profit (loss) | 9901 | €65,360 | -€4,248 | -€69,608 | |
| Financial income | 75/76B | €1 | €227 | +€226 | +15,340% |
| Recurring financial income | 75 | €1 | €227 | +€226 | +15,340% |
| Financial charges | 65/66B | €6,109 | €5,281 | -€827 | -13.5% |
| Recurring financial charges | 65 | €6,109 | €5,281 | -€827 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €59,253 | -€9,302 | -€68,555 | |
| Income taxes | 67/77 | €22,167 | €334 | -€21,833 | -98.5% |
| Profit (loss) for the period | 9904 | €37,085 | -€9,637 | -€46,722 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,085 | -€9,637 | -€46,722 |
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 13 October 2026 via checked.be.