E.G.S.: 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.S.
Largest movements
- Receivables within one year -€12,614
down €12,614 (-38.4%), from €32,869 to €20,255
of which Trade receivables: -€8,000
- Cash -€2,739
down €2,739 (-99.1%), from €2,762 to €24
mainly Net result for the year (-€18,137) and Investment in fixed assets (net) (-€1,539)
- Tangible fixed assets -€772
down €772 (-7.6%), from €10,165 to €9,392
of which Furniture and vehicles: -€667
- Deferred charges and accrued income +€464
new in 2025: €464
- Reserves -€18,137
down €18,137 (-51.0%), from €35,569 to €17,431
- Tax, wage and social debts +€1,825
up €1,825 (+27.8%), from €6,563 to €8,388
- Trade debts +€652
up €652 (+39.2%), from €1,665 to €2,317
- Gross operating margin -€23,346
down €23,346, from €7,578 to -€15,768
- Taxes -€1,892
down €1,892 (-97.3%), from €1,945 to €53
- Depreciation +€929
up €929 (+67.2%), from €1,382 to €2,311
- Financial charges +€312
up €312 (+195%), from €160 to €472
- Financial income +€217
up €217 (+23.8%), from €911 to €1,128
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 | €45,796 | €30,136 | -€15,660 | -34.2% |
| Fixed assets | 21/28 | €10,165 | €9,392 | -€772 | -7.6% |
| Tangible fixed assets | 22/27 | €10,165 | €9,392 | -€772 | -7.6% |
| Land and buildings | 22 | €4,472 | €4,002 | -€471 | -10.5% |
| Plant, machinery and equipment | 23 | €4,078 | €4,443 | +€365 | +9.0% |
| Furniture and vehicles | 24 | €1,615 | €948 | -€667 | -41.3% |
| Current assets | 29/58 | €35,631 | €20,743 | -€14,888 | -41.8% |
| Amounts receivable within one year | 40/41 | €32,869 | €20,255 | -€12,614 | -38.4% |
| Trade receivables | 40 | €8,000 | - | -€8,000 | |
| Other amounts receivable | 41 | €24,869 | €20,255 | -€4,614 | -18.6% |
| Cash at bank and in hand | 54/58 | €2,762 | €24 | -€2,739 | -99.1% |
| Deferred charges and accrued income | 490/1 | - | €464 | +€464 | |
| Total equity and liabilities | 10/49 | €45,796 | €30,136 | -€15,660 | -34.2% |
| Equity | 10/15 | €37,569 | €19,431 | -€18,137 | -48.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €35,569 | €17,431 | -€18,137 | -51.0% |
| Distributable reserves | 133 | €35,569 | €17,431 | -€18,137 | -51.0% |
| Amounts payable | 17/49 | €8,227 | €10,704 | +€2,477 | +30.1% |
| Amounts payable within one year | 42/48 | €8,227 | €10,704 | +€2,477 | +30.1% |
| Trade debts | 44 | €1,665 | €2,317 | +€652 | +39.2% |
| Suppliers | 440/4 | €1,665 | €2,317 | +€652 | +39.2% |
| Taxes, remuneration and social security | 45 | €6,563 | €8,388 | +€1,825 | +27.8% |
| Taxes | 450/3 | €6,563 | €8,388 | +€1,825 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,382 | €2,311 | +€929 | +67.2% |
| Other operating charges | 640/8 | €525 | €661 | +€136 | +25.9% |
| Gross operating margin | 9900 | €7,578 | -€15,768 | -€23,346 | |
| Operating profit (loss) | 9901 | €5,671 | -€18,740 | -€24,411 | |
| Financial income | 75/76B | €911 | €1,128 | +€217 | +23.8% |
| Recurring financial income | 75 | €911 | €1,128 | +€217 | +23.8% |
| Financial charges | 65/66B | €160 | €472 | +€312 | +195% |
| Recurring financial charges | 65 | €160 | €472 | +€312 | +195% |
| Profit (loss) for the period before taxes | 9903 | €6,422 | -€18,084 | -€24,506 | |
| Income taxes | 67/77 | €1,945 | €53 | -€1,892 | -97.3% |
| Profit (loss) for the period | 9904 | €4,477 | -€18,137 | -€22,614 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,477 | -€18,137 | -€22,614 |
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 16 October 2026 via checked.be.