E.G.E.C.O.: 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.E.C.O.
Largest movements
- Tangible fixed assets -€5,514
down €5,514 (-55.7%), from €9,904 to €4,390
of which Furniture and vehicles: -€5,354
- Receivables within one year +€4,153
up €4,153 (+261%), from €1,591 to €5,744
of which Trade receivables: +€5,295
- Financial fixed assets +€1,356
up €1,356 (+2.0%), from €66,610 to €67,966
- Debts after one year -€9,796
down €9,796 (-100%), from €9,796 to €0
- Current portion of long-term debt +€7,321
up €7,321 (+296%), from €2,475 to €9,796
- Profit (loss) carried forward -€6,931
down €6,931 (-94.7%), from -€7,322 to -€14,253
- Short-term financial debts +€6,884
new in 2025: €6,884
- Trade debts +€2,058
up €2,058 (+128%), from €1,605 to €3,663
- Gross operating margin -€5,079
down €5,079 (-97.0%), from €5,238 to €159
- Financial income -€119
down €119 (-100%), from €119 to €0
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 | €79,544 | €79,260 | -€284 | -0.4% |
| Fixed assets | 21/28 | €76,514 | €72,356 | -€4,158 | -5.4% |
| Tangible fixed assets | 22/27 | €9,904 | €4,390 | -€5,514 | -55.7% |
| Plant, machinery and equipment | 23 | €301 | €141 | -€160 | -53.2% |
| Furniture and vehicles | 24 | €9,603 | €4,249 | -€5,354 | -55.8% |
| Financial fixed assets | 28 | €66,610 | €67,966 | +€1,356 | +2.0% |
| Current assets | 29/58 | €3,030 | €6,904 | +€3,874 | +128% |
| Stocks and contracts in progress | 3 | €1,437 | €1,117 | -€320 | -22.3% |
| Stocks | 30/36 | €1,437 | €1,117 | -€320 | -22.3% |
| Amounts receivable within one year | 40/41 | €1,591 | €5,744 | +€4,153 | +261% |
| Trade receivables | 40 | - | €5,295 | +€5,295 | |
| Other amounts receivable | 41 | €1,591 | €449 | -€1,142 | -71.8% |
| Cash at bank and in hand | 54/58 | €2 | - | -€2 | |
| Deferred charges and accrued income | 490/1 | - | €43 | +€43 | |
| Total equity and liabilities | 10/49 | €79,544 | €79,260 | -€284 | -0.4% |
| Equity | 10/15 | €60,328 | €53,397 | -€6,931 | -11.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,322 | -€14,253 | -€6,931 | -94.7% |
| Amounts payable | 17/49 | €19,216 | €25,863 | +€6,647 | +34.6% |
| Amounts payable after more than one year | 17 | €9,796 | €0 | -€9,796 | -100% |
| Financial debts | 170/4 | €9,796 | €0 | -€9,796 | -100% |
| Amounts payable within one year | 42/48 | €9,420 | €25,863 | +€16,443 | +175% |
| Current portion of amounts payable after more than one year | 42 | €2,475 | €9,796 | +€7,321 | +296% |
| Financial debts | 43 | - | €6,884 | +€6,884 | |
| Credit institutions | 430/8 | - | €6,884 | +€6,884 | |
| Trade debts | 44 | €1,605 | €3,663 | +€2,058 | +128% |
| Suppliers | 440/4 | €1,605 | €3,663 | +€2,058 | +128% |
| Other amounts payable | 47/48 | €5,340 | €5,520 | +€180 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,514 | €5,514 | = | 0.0% |
| Other operating charges | 640/8 | €531 | €527 | -€4 | -0.8% |
| Gross operating margin | 9900 | €5,238 | €159 | -€5,079 | -97.0% |
| Operating profit (loss) | 9901 | -€807 | -€5,882 | -€5,075 | -629% |
| Financial income | 75/76B | €119 | €0 | -€119 | -100% |
| Recurring financial income | 75 | €119 | €0 | -€119 | -100% |
| Financial charges | 65/66B | €1,045 | €1,049 | +€4 | +0.4% |
| Recurring financial charges | 65 | €1,045 | €1,049 | +€4 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,733 | -€6,931 | -€5,198 | -300% |
| Profit (loss) for the period | 9904 | -€1,733 | -€6,931 | -€5,198 | -300% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,733 | -€6,931 | -€5,198 | -300% |
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 21 October 2026 via checked.be.