E.G.G. SPY: 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.G. SPY
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€507,133
2024 · €435,015+€72,118
Equity
€2.2m
2024 · €1.9m+€207,133
Cash
€630,853
2024 · €677,301-€46,448
Balance sheet total
€2.7m
2024 · €2.7m-€23,916
Largest movements
Assets
- Stocks and contracts +€116,348
up €116,348 (+11.3%), from €1.0m to €1.1m
- Tangible fixed assets -€95,019
down €95,019 (-12.2%), from €780,837 to €685,818
of which Land and buildings: -€54,698
- Cash -€46,448
down €46,448 (-6.9%), from €677,301 to €630,853
mainly Contributions, distributions and other (-€300,000) and Other debts (-€151,961)
Equity and liabilities
- Profit (loss) carried forward +€207,133
up €207,133 (+12.0%), from €1.7m to €1.9m
- Other debts -€151,961
down €151,961 (-46.3%), from €328,549 to €176,588
- Tax, wage and social debts -€34,379
down €34,379 (-47.2%), from €72,874 to €38,495
of which Taxes: -€31,264
- Debts after one year -€27,862
down €27,862 (-10.2%), from €272,568 to €244,706
Income statement
- Gross operating margin +€69,070
up €69,070 (+7.3%), from €943,133 to €1.0m
- Staff costs +€16,127
up €16,127 (+8.3%), from €193,438 to €209,565
- Taxes +€14,993
up €14,993 (+9.5%), from €157,886 to €172,879
- Financial charges -€12,673
down €12,673 (-40.6%), from €31,228 to €18,555
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
€435,015
Gross operating margin
+€69,070
Staff costs
-€16,127
Depreciation
+€8,568
Other operating charges
-€1,560
Other operating items
+€9,418
Financial income
+€5,071
Financial charges
+€12,673
Taxes
-€14,993
Result 2025
€507,133
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€318,877
Investment
-€17,607
Financing
-€347,718
Cash 2024
€677,301
From operations (derived)
+€318,877
Net result for the year
+€507,133
Depreciation
+€112,626
Stocks and contracts
-€116,348
Receivables within one year
-€6,773
Deferred charges and accrued income
+€5,570
Trade debts
+€2,842
Tax, wage and social debts
-€34,379
Other debts
-€151,961
Accrued charges and deferred income
+€166
Investment (derived)
-€17,607
Investment in fixed assets (net)
-€17,607
Financing
-€347,718
Debts after one year
-€27,862
Current portion of long-term debt
-€19,856
Contributions, distributions and other
-€300,000
Cash 2025
€630,853
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,699,508 | €2,675,591 | -€23,916 | -0.9% |
| Fixed assets | 21/28 | €960,542 | €865,523 | -€95,019 | -9.9% |
| Tangible fixed assets | 22/27 | €780,837 | €685,818 | -€95,019 | -12.2% |
| Land and buildings | 22 | €587,456 | €532,759 | -€54,698 | -9.3% |
| Plant, machinery and equipment | 23 | €167,567 | €138,491 | -€29,076 | -17.4% |
| Furniture and vehicles | 24 | €25,814 | €14,568 | -€11,245 | -43.6% |
| Financial fixed assets | 28 | €179,705 | €179,705 | = | 0.0% |
| Current assets | 29/58 | €1,738,966 | €1,810,069 | +€71,103 | +4.1% |
| Stocks and contracts in progress | 3 | €1,029,855 | €1,146,203 | +€116,348 | +11.3% |
| Stocks | 30/36 | €1,029,855 | €1,146,203 | +€116,348 | +11.3% |
| Amounts receivable within one year | 40/41 | €24,297 | €31,069 | +€6,773 | +27.9% |
| Trade receivables | 40 | €19,399 | €26,205 | +€6,806 | +35.1% |
| Other amounts receivable | 41 | €4,898 | €4,864 | -€34 | -0.7% |
| Cash at bank and in hand | 54/58 | €677,301 | €630,853 | -€46,448 | -6.9% |
| Deferred charges and accrued income | 490/1 | €7,513 | €1,943 | -€5,570 | -74.1% |
| Total equity and liabilities | 10/49 | €2,699,508 | €2,675,591 | -€23,916 | -0.9% |
| Equity | 10/15 | €1,947,778 | €2,154,911 | +€207,133 | +10.6% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €152,590 | €152,590 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,644 | €13,644 | = | 0.0% |
| Distributable reserves | 133 | €132,646 | €132,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,732,187 | €1,939,321 | +€207,133 | +12.0% |
| Amounts payable | 17/49 | €751,730 | €520,680 | -€231,050 | -30.7% |
| Amounts payable after more than one year | 17 | €272,568 | €244,706 | -€27,862 | -10.2% |
| Financial debts | 170/4 | €272,568 | €244,706 | -€27,862 | -10.2% |
| Amounts payable within one year | 42/48 | €478,785 | €275,431 | -€203,354 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €48,107 | €28,251 | -€19,856 | -41.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €29,255 | €32,097 | +€2,842 | +9.7% |
| Suppliers | 440/4 | €29,255 | €32,097 | +€2,842 | +9.7% |
| Taxes, remuneration and social security | 45 | €72,874 | €38,495 | -€34,379 | -47.2% |
| Taxes | 450/3 | €48,693 | €17,429 | -€31,264 | -64.2% |
| Remuneration and social security | 454/9 | €24,180 | €21,066 | -€3,115 | -12.9% |
| Other amounts payable | 47/48 | €328,549 | €176,588 | -€151,961 | -46.3% |
| Accrued charges and deferred income | 492/3 | €377 | €543 | +€166 | +44.1% |
| Non-recurring operating income | 76A | €3,922 | €0 | -€3,922 | -100% |
| Remuneration, social security and pensions | 62 | €193,438 | €209,565 | +€16,127 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,193 | €112,626 | -€8,568 | -7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €24,530 | €26,090 | +€1,560 | +6.4% |
| Non-recurring operating charges | 66A | €9,418 | €0 | -€9,418 | -100% |
| Gross operating margin | 9900 | €943,133 | €1,012,203 | +€69,070 | +7.3% |
| Operating profit (loss) | 9901 | €594,553 | €663,922 | +€69,369 | +11.7% |
| Financial income | 75/76B | €29,576 | €34,647 | +€5,071 | +17.1% |
| Recurring financial income | 75 | €29,576 | €34,647 | +€5,071 | +17.1% |
| Financial charges | 65/66B | €31,228 | €18,555 | -€12,673 | -40.6% |
| Recurring financial charges | 65 | €31,228 | €18,555 | -€12,673 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €592,901 | €680,013 | +€87,112 | +14.7% |
| Income taxes | 67/77 | €157,886 | €172,879 | +€14,993 | +9.5% |
| Profit (loss) for the period | 9904 | €435,015 | €507,133 | +€72,118 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €435,015 | €507,133 | +€72,118 | +16.6% |
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 29 October 2026 via checked.be.