E GROUP: what changed
Two fiscal 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 GROUP
Largest movements
- Tangible fixed assets -€23,176
down €23,176 (-43.9%), from €52,850 to €29,674
of which Furniture and vehicles: -€22,176
- Receivables within one year +€15,676
up €15,676 (+149.3%), from €10,500 to €26,177
of which Trade receivables: +€15,831
- Cash +€13,533
up €13,533 (+19.3%), from €70,089 to €83,622
mainly Depreciation (+€23,176) and Net result for the year (+€11,522)
- Deferred charges and accrued income -€2,644
down €2,644 (-69.5%), from €3,807 to €1,163
- Reserves +€9,804
up €9,804 (+18.0%), from €54,429 to €64,233
- Tax, wage and social debts -€7,134
down €7,134 (-29.1%), from €24,525 to €17,391
of which Remuneration and social security: -€7,910
- Trade debts +€2,647
up €2,647 (+43.0%), from €6,150 to €8,796
- Other debts -€1,928
down €1,928 (-3.8%), from €50,142 to €48,215
- Gross operating margin -€7,680
down €7,680 (-12.9%), from €59,686 to €52,006
- Staff costs -€1,817
down €1,817 (-16.9%), from €10,779 to €8,962
- Other operating charges -€984
down €984 (-44.0%), from €2,239 to €1,255
- Taxes -€853
down €853 (-18.5%), from €4,601 to €3,747
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,246 | €140,636 | +€3,389 | +2.5% |
| Fixed assets | 21/28 | €52,850 | €29,674 | -€23,176 | -43.9% |
| Tangible fixed assets | 22/27 | €52,850 | €29,674 | -€23,176 | -43.9% |
| Plant, machinery and equipment | 23 | €1,057 | €57 | -€1,000 | -94.6% |
| Furniture and vehicles | 24 | €51,793 | €29,617 | -€22,176 | -42.8% |
| Current assets | 29/58 | €84,396 | €110,961 | +€26,565 | +31.5% |
| Amounts receivable within one year | 40/41 | €10,500 | €26,177 | +€15,676 | +149.3% |
| Trade receivables | 40 | €9,074 | €24,905 | +€15,831 | +174.5% |
| Other amounts receivable | 41 | €1,427 | €1,272 | -€155 | -10.8% |
| Cash at bank and in hand | 54/58 | €70,089 | €83,622 | +€13,533 | +19.3% |
| Deferred charges and accrued income | 490/1 | €3,807 | €1,163 | -€2,644 | -69.5% |
| Total equity and liabilities | 10/49 | €137,246 | €140,636 | +€3,389 | +2.5% |
| Equity | 10/15 | €56,429 | €66,233 | +€9,804 | +17.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €54,429 | €64,233 | +€9,804 | +18.0% |
| Distributable reserves | 133 | €54,429 | €64,233 | +€9,804 | +18.0% |
| Amounts payable | 17/49 | €80,817 | €74,402 | -€6,415 | -7.9% |
| Amounts payable within one year | 42/48 | €80,817 | €74,402 | -€6,415 | -7.9% |
| Trade debts | 44 | €6,150 | €8,796 | +€2,647 | +43.0% |
| Suppliers | 440/4 | €6,150 | €8,796 | +€2,647 | +43.0% |
| Taxes, remuneration and social security | 45 | €24,525 | €17,391 | -€7,134 | -29.1% |
| Taxes | 450/3 | €15,912 | €16,687 | +€776 | +4.9% |
| Remuneration and social security | 454/9 | €8,613 | €704 | -€7,910 | -91.8% |
| Other amounts payable | 47/48 | €50,142 | €48,215 | -€1,928 | -3.8% |
| Remuneration, social security and pensions | 62 | €10,779 | €8,962 | -€1,817 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,622 | €23,176 | +€554 | +2.4% |
| Other operating charges | 640/8 | €2,239 | €1,255 | -€984 | -44.0% |
| Gross operating margin | 9900 | €59,686 | €52,006 | -€7,680 | -12.9% |
| Operating profit (loss) | 9901 | €24,046 | €18,613 | -€5,433 | -22.6% |
| Financial charges | 65/66B | €3,478 | €3,344 | -€134 | -3.8% |
| Recurring financial charges | 65 | €3,478 | €3,344 | -€134 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €20,568 | €15,269 | -€5,299 | -25.8% |
| Income taxes | 67/77 | €4,601 | €3,747 | -€853 | -18.5% |
| Profit (loss) for the period | 9904 | €15,967 | €11,522 | -€4,446 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,967 | €11,522 | -€4,446 | -27.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.