E.G.A. MANAGEMENT: 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.G.A. MANAGEMENT
Largest movements
- Current investments +€350,000
new in 2025: €350,000
- Cash -€190,418
down €190,418 (-94.1%), from €202,312 to €11,894
- Receivables after one year -€123,736
down €123,736 (-100%), from €123,736 to €0
- Receivables within one year +€105,406
up €105,406 (+43.2%), from €244,045 to €349,451
of which Other amounts receivable: +€130,405
- Tangible fixed assets -€38,888
down €38,888 (-21.0%), from €185,301 to €146,413
of which Furniture and vehicles: -€25,538
- Reserves +€212,959
up €212,959 (+35.3%), from €604,039 to €816,998
of which Distributable reserves: +€214,819
- Other debts -€43,170
down €43,170 (-100%), from €43,170 to €0
- Tax, wage and social debts -€38,525
down €38,525 (-82.0%), from €46,973 to €8,448
- Debts after one year -€20,788
down €20,788 (-78.0%), from €26,657 to €5,869
- Current portion of long-term debt -€10,861
down €10,861 (-43.8%), from €24,778 to €13,917
- Gross operating margin +€100,827
up €100,827 (+49.6%), from €203,339 to €304,165
- Taxes +€36,783
up €36,783 (+59.4%), from €61,940 to €98,723
- Financial income +€20,890
up €20,890 (+126%), from €16,604 to €37,494
- Financial charges +€4,804
up €4,804 (+134%), from €3,575 to €8,379
- Depreciation +€3,838
up €3,838 (+25.2%), from €15,220 to €19,058
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €758,552 | €862,717 | +€104,165 | +13.7% |
| Fixed assets | 21/28 | €185,301 | €146,413 | -€38,888 | -21.0% |
| Tangible fixed assets | 22/27 | €185,301 | €146,413 | -€38,888 | -21.0% |
| Land and buildings | 22 | €151,418 | €138,069 | -€13,349 | -8.8% |
| Furniture and vehicles | 24 | €33,883 | €8,345 | -€25,538 | -75.4% |
| Current assets | 29/58 | €573,252 | €716,304 | +€143,052 | +25.0% |
| Amounts receivable after more than one year | 29 | €123,736 | €0 | -€123,736 | -100% |
| Other amounts receivable | 291 | €123,736 | €0 | -€123,736 | -100% |
| Amounts receivable within one year | 40/41 | €244,045 | €349,451 | +€105,406 | +43.2% |
| Trade receivables | 40 | €28,772 | €3,774 | -€24,998 | -86.9% |
| Other amounts receivable | 41 | €215,273 | €345,677 | +€130,405 | +60.6% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €202,312 | €11,894 | -€190,418 | -94.1% |
| Deferred charges and accrued income | 490/1 | €3,160 | €4,959 | +€1,799 | +56.9% |
| Total equity and liabilities | 10/49 | €758,552 | €862,717 | +€104,165 | +13.7% |
| Equity | 10/15 | €610,239 | €823,198 | +€212,959 | +34.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €604,039 | €816,998 | +€212,959 | +35.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €602,179 | €816,998 | +€214,819 | +35.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €148,313 | €39,519 | -€108,794 | -73.4% |
| Amounts payable after more than one year | 17 | €26,657 | €5,869 | -€20,788 | -78.0% |
| Financial debts | 170/4 | €26,657 | €5,869 | -€20,788 | -78.0% |
| Amounts payable within one year | 42/48 | €121,481 | €33,650 | -€87,831 | -72.3% |
| Current portion of amounts payable after more than one year | 42 | €24,778 | €13,917 | -€10,861 | -43.8% |
| Financial debts | 43 | €2,851 | €1,761 | -€1,090 | -38.2% |
| Other loans | 439 | €2,851 | €1,761 | -€1,090 | -38.2% |
| Trade debts | 44 | €3,710 | €9,524 | +€5,814 | +157% |
| Suppliers | 440/4 | €3,710 | €9,524 | +€5,814 | +157% |
| Taxes, remuneration and social security | 45 | €46,973 | €8,448 | -€38,525 | -82.0% |
| Taxes | 450/3 | €46,973 | €8,448 | -€38,525 | -82.0% |
| Other amounts payable | 47/48 | €43,170 | €0 | -€43,170 | -100% |
| Accrued charges and deferred income | 492/3 | €175 | €0 | -€175 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,220 | €19,058 | +€3,838 | +25.2% |
| Other operating charges | 640/8 | €1,023 | €2,540 | +€1,516 | +148% |
| Gross operating margin | 9900 | €203,339 | €304,165 | +€100,827 | +49.6% |
| Operating profit (loss) | 9901 | €187,095 | €282,568 | +€95,473 | +51.0% |
| Financial income | 75/76B | €16,604 | €37,494 | +€20,890 | +126% |
| Recurring financial income | 75 | €16,604 | €37,494 | +€20,890 | +126% |
| Financial charges | 65/66B | €3,575 | €8,379 | +€4,804 | +134% |
| Recurring financial charges | 65 | €3,575 | €8,379 | +€4,804 | +134% |
| Profit (loss) for the period before taxes | 9903 | €200,123 | €311,682 | +€111,559 | +55.7% |
| Income taxes | 67/77 | €61,940 | €98,723 | +€36,783 | +59.4% |
| Profit (loss) for the period | 9904 | €138,184 | €212,959 | +€74,775 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €138,184 | €212,959 | +€74,775 | +54.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.