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E.G.: 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.

What changed

E.G.

BE 0799.698.682
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€66,041
2024 · €36,570+€29,471
Equity
€176,146
2024 · €110,104+€66,041
Cash
€1,944
2024 · €2,650-€707
Balance sheet total
€417,381
2024 · €409,791+€7,590

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€8,296

    up €8,296 (+22.9%), from €36,216 to €44,513

    of which Other amounts receivable: +€5,156

Equity and liabilities
  • Debts after one year -€74,594

    down €74,594 (-49.7%), from €150,030 to €75,436

  • Profit (loss) carried forward +€66,041

    up €66,041 (+61.4%), from €107,604 to €173,646

  • Current portion of long-term debt +€5,371

    up €5,371 (+7.8%), from €69,223 to €74,594

  • Tax, wage and social debts +€5,147

    up €5,147 (+18.9%), from €27,194 to €32,341

Income statement
  • Gross operating margin +€42,018

    up €42,018 (+71.9%), from €58,465 to €100,483

  • Taxes +€12,554

    up €12,554 (+127%), from €9,893 to €22,447

  • Financial charges +€1,571

    up €1,571 (+13.5%), from €11,615 to €13,186

  • Financial income +€1,435

    up €1,435 (+256,245%), from €1 to €1,436

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €36,570
Gross operating margin +€42,018
Other operating charges +€143
Financial income +€1,435
Financial charges -€1,571
Taxes -€12,554
Result 2025 €66,041
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€68,516
Investment €0
Financing -€69,223
Cash 2024 €2,650
Net result for the year +€66,041
Receivables within one year -€8,296
Trade debts +€2,085
Tax, wage and social debts +€5,147
Accrued charges and deferred income +€3,540
Debts after one year -€74,594
Current portion of long-term debt +€5,371
Cash 2025 €1,944
brings cash intakes cash out
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €409,791 €417,381 +€7,590 +1.9%
Fixed assets 21/28 €370,924 €370,924 = 0.0%
Financial fixed assets 28 €370,924 €370,924 = 0.0%
Current assets 29/58 €38,867 €46,457 +€7,590 +19.5%
Amounts receivable within one year 40/41 €36,216 €44,513 +€8,296 +22.9%
Trade receivables 40 €11,022 €14,162 +€3,140 +28.5%
Other amounts receivable 41 €25,195 €30,351 +€5,156 +20.5%
Cash at bank and in hand 54/58 €2,650 €1,944 -€707 -26.7%
Total equity and liabilities 10/49 €409,791 €417,381 +€7,590 +1.9%
Equity 10/15 €110,104 €176,146 +€66,041 +60.0%
Contributions 10/11 €2,500 €2,500 = 0.0%
Profit (loss) carried forward 14 €107,604 €173,646 +€66,041 +61.4%
Amounts payable 17/49 €299,687 €241,235 -€58,452 -19.5%
Amounts payable after more than one year 17 €150,030 €75,436 -€74,594 -49.7%
Financial debts 170/4 €150,030 €75,436 -€74,594 -49.7%
Amounts payable within one year 42/48 €149,657 €162,259 +€12,602 +8.4%
Current portion of amounts payable after more than one year 42 €69,223 €74,594 +€5,371 +7.8%
Trade debts 44 €3,240 €5,324 +€2,085 +64.3%
Suppliers 440/4 €3,240 €5,324 +€2,085 +64.3%
Taxes, remuneration and social security 45 €27,194 €32,341 +€5,147 +18.9%
Taxes 450/3 €27,194 €32,341 +€5,147 +18.9%
Other amounts payable 47/48 €50,000 €50,000 = 0.0%
Accrued charges and deferred income 492/3 - €3,540 +€3,540
Other operating charges 640/8 €387 €244 -€143 -37.0%
Gross operating margin 9900 €58,465 €100,483 +€42,018 +71.9%
Operating profit (loss) 9901 €58,078 €100,239 +€42,161 +72.6%
Financial income 75/76B €1 €1,436 +€1,435 +256,245%
Recurring financial income 75 €1 €1,436 +€1,435 +256,245%
Financial charges 65/66B €11,615 €13,186 +€1,571 +13.5%
Recurring financial charges 65 €11,615 €13,186 +€1,571 +13.5%
Profit (loss) for the period before taxes 9903 €46,464 €88,489 +€42,025 +90.4%
Income taxes 67/77 €9,893 €22,447 +€12,554 +127%
Profit (loss) for the period 9904 €36,570 €66,041 +€29,471 +80.6%
Profit (loss) for the period to be appropriated 9905 €36,570 €66,041 +€29,471 +80.6%

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 14 October 2026 via checked.be.