E.I.G.: 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.I.G.
Largest movements
- Tangible fixed assets -€35,381
down €35,381 (-6.9%), from €511,284 to €475,903
of which Land and buildings: -€25,004
- Cash -€22,230
down €22,230 (-97.5%), from €22,806 to €577
mainly Net result for the year (-€44,235) and Tax, wage and social debts (-€40,120)
- Reserves -€44,235
down €44,235 (-13.3%), from €331,366 to €287,131
- Tax, wage and social debts -€40,120
down €40,120 (-87.5%), from €45,848 to €5,728
- Short-term financial debts +€33,000
new in 2025: €33,000
- Trade debts -€5,612
down €5,612 (-31.4%), from €17,883 to €12,271
- Gross operating margin -€183,555
down €183,555 (-93.7%), from €195,914 to €12,359
- Taxes -€35,256
no longer reported in 2025 (was €35,256)
- Staff costs -€18,113
no longer reported in 2025 (was €18,113)
- Depreciation +€3,380
up €3,380 (+7.3%), from €46,176 to €49,556
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 | €541,730 | €483,054 | -€58,675 | -10.8% |
| Fixed assets | 21/28 | €511,448 | €475,903 | -€35,546 | -6.9% |
| Tangible fixed assets | 22/27 | €511,284 | €475,903 | -€35,381 | -6.9% |
| Land and buildings | 22 | €463,381 | €438,377 | -€25,004 | -5.4% |
| Plant, machinery and equipment | 23 | €3,986 | €2,583 | -€1,403 | -35.2% |
| Furniture and vehicles | 24 | €4,726 | €2,796 | -€1,931 | -40.8% |
| Other tangible fixed assets | 26 | €39,191 | €32,146 | -€7,044 | -18.0% |
| Financial fixed assets | 28 | €164 | - | -€164 | |
| Current assets | 29/58 | €30,281 | €7,152 | -€23,130 | -76.4% |
| Amounts receivable within one year | 40/41 | €6,764 | €6,575 | -€189 | -2.8% |
| Trade receivables | 40 | €6,492 | €6,575 | +€83 | +1.3% |
| Other amounts receivable | 41 | €272 | - | -€272 | |
| Cash at bank and in hand | 54/58 | €22,806 | €577 | -€22,230 | -97.5% |
| Deferred charges and accrued income | 490/1 | €711 | - | -€711 | |
| Total equity and liabilities | 10/49 | €541,730 | €483,054 | -€58,675 | -10.8% |
| Equity | 10/15 | €337,566 | €293,331 | -€44,235 | -13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €331,366 | €287,131 | -€44,235 | -13.3% |
| Distributable reserves | 133 | €331,366 | €287,131 | -€44,235 | -13.3% |
| Amounts payable | 17/49 | €204,164 | €189,723 | -€14,440 | -7.1% |
| Amounts payable within one year | 42/48 | €202,044 | €189,723 | -€12,320 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €2,835 | - | -€2,835 | |
| Financial debts | 43 | - | €33,000 | +€33,000 | |
| Credit institutions | 430/8 | - | €33,000 | +€33,000 | |
| Trade debts | 44 | €17,883 | €12,271 | -€5,612 | -31.4% |
| Suppliers | 440/4 | €17,883 | €12,271 | -€5,612 | -31.4% |
| Taxes, remuneration and social security | 45 | €45,848 | €5,728 | -€40,120 | -87.5% |
| Taxes | 450/3 | €45,848 | €5,728 | -€40,120 | -87.5% |
| Other amounts payable | 47/48 | €135,477 | €138,724 | +€3,247 | +2.4% |
| Accrued charges and deferred income | 492/3 | €2,120 | - | -€2,120 | |
| Non-recurring operating income | 76A | - | €2,376 | +€2,376 | |
| Remuneration, social security and pensions | 62 | €18,113 | - | -€18,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,176 | €49,556 | +€3,380 | +7.3% |
| Other operating charges | 640/8 | €6,763 | €6,476 | -€287 | -4.2% |
| Gross operating margin | 9900 | €195,914 | €12,359 | -€183,555 | -93.7% |
| Operating profit (loss) | 9901 | €124,862 | -€43,674 | -€168,536 | |
| Financial income | 75/76B | €103 | - | -€103 | |
| Recurring financial income | 75 | €103 | - | -€103 | |
| Financial charges | 65/66B | €1,420 | €561 | -€859 | -60.5% |
| Recurring financial charges | 65 | €1,420 | €561 | -€859 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €123,545 | -€44,235 | -€167,779 | |
| Income taxes | 67/77 | €35,256 | - | -€35,256 | |
| Profit (loss) for the period | 9904 | €88,288 | -€44,235 | -€132,523 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,288 | -€44,235 | -€132,523 |
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 17 October 2026 via checked.be.