E.G.C.: 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.C.
NACE 93.110, Operation of sports facilities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,236
2024 · €169,562-€131,326
Equity
€3.8m
2024 · €3.8m+€38,236
Cash
€2,464
2024 · €71,439-€68,975
Balance sheet total
€6.3m
2024 · €5.8m+€519,309
Largest movements
Assets
- Receivables within one year +€378,755
up €378,755 (+357.7%), from €105,890 to €484,645
of which Trade receivables: +€197,029
- Financial fixed assets +€189,640
up €189,640 (+132.7%), from €142,948 to €332,588
- Cash -€68,975
down €68,975 (-96.6%), from €71,439 to €2,464
mainly Investment in fixed assets (net) (-€409,699) and Receivables within one year (-€378,755)
Equity and liabilities
- Trade debts +€534,739
up €534,739 (+279.1%), from €191,567 to €726,306
- Other debts +€395,676
up €395,676 (+102.9%), from €384,602 to €780,277
- Advances received -€335,420
down €335,420 (-67.3%), from €498,203 to €162,783
- Current portion of long-term debt -€89,015
down €89,015 (-36.4%), from €244,589 to €155,574
Income statement
- Gross operating margin -€198,919
down €198,919 (-19.7%), from €1.0m to €809,381
- Taxes -€48,749
down €48,749 (-82.0%), from €59,483 to €10,734
- Staff costs -€20,383
down €20,383 (-4.3%), from €471,952 to €451,569
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.
Result 2024
€169,562
Gross operating margin
-€198,919
Staff costs
+€20,383
Depreciation
+€70
Other operating charges
-€2,195
Other operating items
+€7,600
Financial income
+€364
Financial charges
-€7,379
Taxes
+€48,749
Result 2025
€38,236
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.
From operations
+€425,869
Investment
-€409,699
Financing
-€85,145
Cash 2024
€71,439
From operations (derived)
+€425,869
Net result for the year
+€38,236
Depreciation
+€250,940
Receivables within one year
-€378,755
Deferred charges and accrued income
-€50,769
Trade debts
+€534,739
Tax, wage and social debts
-€29,551
Advances received
-€335,420
Other debts
+€395,676
Accrued charges and deferred income
+€773
Investment (derived)
-€409,699
Investment in fixed assets (net)
-€409,699
Financing
-€85,145
Debts after one year
-€44,534
Current portion of long-term debt
-€89,015
Short-term financial debts
+€48,404
Cash 2025
€2,464
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,758,670 | €6,277,979 | +€519,309 | +9.0% |
| Fixed assets | 21/28 | €5,469,152 | €5,627,911 | +€158,759 | +2.9% |
| Intangible fixed assets | 21 | €1,816 | - | -€1,816 | |
| Tangible fixed assets | 22/27 | €5,324,388 | €5,295,324 | -€29,065 | -0.5% |
| Land and buildings | 22 | €4,805,905 | €4,745,166 | -€60,739 | -1.3% |
| Plant, machinery and equipment | 23 | €468,065 | €510,654 | +€42,589 | +9.1% |
| Furniture and vehicles | 24 | €34,340 | €31,563 | -€2,778 | -8.1% |
| Leasing and similar rights | 25 | €4,094 | €1,972 | -€2,123 | -51.8% |
| Other tangible fixed assets | 26 | €11,984 | €5,969 | -€6,015 | -50.2% |
| Financial fixed assets | 28 | €142,948 | €332,588 | +€189,640 | +132.7% |
| Current assets | 29/58 | €289,518 | €650,068 | +€360,549 | +124.5% |
| Amounts receivable after more than one year | 29 | €37,500 | €37,500 | = | 0.0% |
| Other amounts receivable | 291 | €37,500 | €37,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €105,890 | €484,645 | +€378,755 | +357.7% |
| Trade receivables | 40 | €92,413 | €289,442 | +€197,029 | +213.2% |
| Other amounts receivable | 41 | €13,477 | €195,203 | +€181,726 | +1348.4% |
| Cash at bank and in hand | 54/58 | €71,439 | €2,464 | -€68,975 | -96.6% |
| Deferred charges and accrued income | 490/1 | €74,690 | €125,459 | +€50,769 | +68.0% |
| Total equity and liabilities | 10/49 | €5,758,670 | €6,277,979 | +€519,309 | +9.0% |
| Equity | 10/15 | €3,772,276 | €3,810,512 | +€38,236 | +1.0% |
| Contributions | 10/11 | €398,315 | €398,315 | = | 0.0% |
| Capital | 10 | €398,315 | €398,315 | = | 0.0% |
| Issued capital | 100 | €398,315 | €398,315 | = | 0.0% |
| Revaluation surpluses | 12 | €2,911,712 | €2,911,712 | = | 0.0% |
| Reserves | 13 | €462,249 | €500,485 | +€38,236 | +8.3% |
| Non-distributable reserves | 130/1 | €39,831 | €39,831 | = | 0.0% |
| Legal reserve | 130 | €39,831 | €39,831 | = | 0.0% |
| Distributable reserves | 133 | €422,418 | €460,653 | +€38,236 | +9.1% |
| Amounts payable | 17/49 | €1,986,394 | €2,467,467 | +€481,073 | +24.2% |
| Amounts payable after more than one year | 17 | €564,987 | €520,453 | -€44,534 | -7.9% |
| Financial debts | 170/4 | €564,987 | €520,453 | -€44,534 | -7.9% |
| Amounts payable within one year | 42/48 | €1,416,631 | €1,941,464 | +€524,833 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €244,589 | €155,574 | -€89,015 | -36.4% |
| Financial debts | 43 | €36,776 | €85,180 | +€48,404 | +131.6% |
| Credit institutions | 430/8 | €36,776 | €85,180 | +€48,404 | +131.6% |
| Trade debts | 44 | €191,567 | €726,306 | +€534,739 | +279.1% |
| Suppliers | 440/4 | €191,567 | €726,306 | +€534,739 | +279.1% |
| Advances received on contracts in progress | 46 | €498,203 | €162,783 | -€335,420 | -67.3% |
| Taxes, remuneration and social security | 45 | €60,895 | €31,343 | -€29,551 | -48.5% |
| Taxes | 450/3 | €29,374 | - | -€29,374 | |
| Remuneration and social security | 454/9 | €31,521 | €31,343 | -€178 | -0.6% |
| Other amounts payable | 47/48 | €384,602 | €780,277 | +€395,676 | +102.9% |
| Accrued charges and deferred income | 492/3 | €4,777 | €5,550 | +€773 | +16.2% |
| Remuneration, social security and pensions | 62 | €471,952 | €451,569 | -€20,383 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,009 | €250,940 | -€70 | 0.0% |
| Other operating charges | 640/8 | €19,393 | €21,589 | +€2,195 | +11.3% |
| Non-recurring operating charges | 66A | €9,000 | €1,400 | -€7,600 | -84.4% |
| Gross operating margin | 9900 | €1,008,300 | €809,381 | -€198,919 | -19.7% |
| Operating profit (loss) | 9901 | €256,945 | €83,884 | -€173,061 | -67.4% |
| Financial income | 75/76B | €2,252 | €2,616 | +€364 | +16.2% |
| Recurring financial income | 75 | €2,252 | €2,616 | +€364 | +16.2% |
| Financial charges | 65/66B | €30,152 | €37,531 | +€7,379 | +24.5% |
| Recurring financial charges | 65 | €30,152 | €37,531 | +€7,379 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €229,045 | €48,969 | -€180,076 | -78.6% |
| Income taxes | 67/77 | €59,483 | €10,734 | -€48,749 | -82.0% |
| Profit (loss) for the period | 9904 | €169,562 | €38,236 | -€131,326 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €169,562 | €38,236 | -€131,326 | -77.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.