E&E MANAGEMENT: 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&E MANAGEMENT
Largest movements
- Cash +€69,720
up €69,720 (+85.5%), from €81,510 to €151,229
mainly Net result for the year (+€73,911) and Deferred charges and accrued income (+€1,475)
- Receivables within one year +€2,258
up €2,258 (+10.9%), from €20,620 to €22,878
of which Trade receivables: +€2,562
- Reserves +€73,081
up €73,081 (+95.3%), from €76,645 to €149,727
- Other debts -€4,109
down €4,109 (-83.4%), from €4,924 to €816
- Gross operating margin -€11,378
down €11,378 (-10.4%), from €109,613 to €98,234
- Other operating charges -€5,742
down €5,742 (-85.7%), from €6,699 to €956
- Taxes -€2,695
down €2,695 (-12.0%), from €22,435 to €19,740
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 | €105,457 | €175,566 | +€70,109 | +66.5% |
| Fixed assets | 21/28 | €819 | €426 | -€393 | -48.0% |
| Tangible fixed assets | 22/27 | €819 | €426 | -€393 | -48.0% |
| Furniture and vehicles | 24 | €819 | €426 | -€393 | -48.0% |
| Current assets | 29/58 | €104,637 | €175,140 | +€70,502 | +67.4% |
| Amounts receivable within one year | 40/41 | €20,620 | €22,878 | +€2,258 | +10.9% |
| Trade receivables | 40 | €20,055 | €22,617 | +€2,562 | +12.8% |
| Other amounts receivable | 41 | €565 | €261 | -€304 | -53.8% |
| Cash at bank and in hand | 54/58 | €81,510 | €151,229 | +€69,720 | +85.5% |
| Deferred charges and accrued income | 490/1 | €2,507 | €1,032 | -€1,475 | -58.8% |
| Total equity and liabilities | 10/49 | €105,457 | €175,566 | +€70,109 | +66.5% |
| Equity | 10/15 | €81,645 | €154,727 | +€73,081 | +89.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €76,645 | €149,727 | +€73,081 | +95.3% |
| Distributable reserves | 133 | €76,645 | €149,727 | +€73,081 | +95.3% |
| Amounts payable | 17/49 | €23,811 | €20,839 | -€2,972 | -12.5% |
| Amounts payable after more than one year | 17 | €12,100 | €12,100 | = | 0.0% |
| Other amounts payable | 178/9 | €12,100 | €12,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,711 | €8,739 | -€2,972 | -25.4% |
| Trade debts | 44 | €2,312 | €2,427 | +€116 | +5.0% |
| Suppliers | 440/4 | €2,312 | €2,427 | +€116 | +5.0% |
| Taxes, remuneration and social security | 45 | €4,475 | €5,496 | +€1,021 | +22.8% |
| Taxes | 450/3 | €4,475 | €5,496 | +€1,021 | +22.8% |
| Other amounts payable | 47/48 | €4,924 | €816 | -€4,109 | -83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360 | €393 | +€33 | +9.1% |
| Other operating charges | 640/8 | €6,699 | €956 | -€5,742 | -85.7% |
| Gross operating margin | 9900 | €109,613 | €98,234 | -€11,378 | -10.4% |
| Operating profit (loss) | 9901 | €102,554 | €96,884 | -€5,669 | -5.5% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €3,473 | €3,241 | -€233 | -6.7% |
| Recurring financial charges | 65 | €3,473 | €3,241 | -€233 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €99,080 | €93,651 | -€5,430 | -5.5% |
| Income taxes | 67/77 | €22,435 | €19,740 | -€2,695 | -12.0% |
| Profit (loss) for the period | 9904 | €76,645 | €73,911 | -€2,734 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,645 | €73,911 | -€2,734 | -3.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.