E&J: 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&J
Largest movements
- Current investments -€1.0m
down €1.0m (-62.9%), from €1.6m to €603,830
- Tangible fixed assets -€36,562
down €36,562 (-25.0%), from €146,190 to €109,628
of which Plant, machinery and equipment: -€19,322
- Reserves -€1.1m
down €1.1m (-59.3%), from €1.8m to €731,669
of which Distributable reserves: -€1.1m
- Financial income +€41,848
up €41,848 (+52.9%), from €79,123 to €120,970
- Financial charges +€20,571
up €20,571, from -€8,680 to €11,890
- Taxes +€14,015
up €14,015 (+84.4%), from €16,599 to €30,614
- Gross operating margin +€13,177
up €13,177 (+16.6%), from €79,441 to €92,619
- Depreciation -€4,118
down €4,118 (-9.1%), from €45,209 to €41,090
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 | €1,832,012 | €772,820 | -€1.1m | -57.8% |
| Fixed assets | 21/28 | €146,690 | €110,128 | -€36,562 | -24.9% |
| Tangible fixed assets | 22/27 | €146,190 | €109,628 | -€36,562 | -25.0% |
| Land and buildings | 22 | €119,780 | €100,675 | -€19,104 | -15.9% |
| Plant, machinery and equipment | 23 | €22,246 | €2,924 | -€19,322 | -86.9% |
| Furniture and vehicles | 24 | €4,165 | €6,029 | +€1,864 | +44.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,685,322 | €662,692 | -€1.0m | -60.7% |
| Amounts receivable within one year | 40/41 | €5,543 | €2,096 | -€3,447 | -62.2% |
| Trade receivables | 40 | €505 | - | -€505 | |
| Other amounts receivable | 41 | €5,037 | €2,096 | -€2,941 | -58.4% |
| Current investments | 50/53 | €1,629,222 | €603,830 | -€1.0m | -62.9% |
| Cash at bank and in hand | 54/58 | €49,573 | €55,781 | +€6,208 | +12.5% |
| Deferred charges and accrued income | 490/1 | €985 | €986 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €1,832,012 | €772,820 | -€1.1m | -57.8% |
| Equity | 10/15 | €1,802,537 | €737,869 | -€1.1m | -59.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,796,337 | €731,669 | -€1.1m | -59.3% |
| Tax-exempt reserves | 132 | €6,153 | €6,153 | = | 0.0% |
| Distributable reserves | 133 | €1,790,184 | €725,516 | -€1.1m | -59.5% |
| Amounts payable | 17/49 | €29,475 | €34,951 | +€5,476 | +18.6% |
| Amounts payable within one year | 42/48 | €28,191 | €33,848 | +€5,656 | +20.1% |
| Trade debts | 44 | €675 | €225 | -€450 | -66.7% |
| Suppliers | 440/4 | €675 | €225 | -€450 | -66.7% |
| Taxes, remuneration and social security | 45 | €8,731 | €26,708 | +€17,977 | +205.9% |
| Taxes | 450/3 | €8,731 | €26,708 | +€17,977 | +205.9% |
| Other amounts payable | 47/48 | €18,785 | €6,915 | -€11,871 | -63.2% |
| Accrued charges and deferred income | 492/3 | €1,283 | €1,103 | -€180 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,209 | €41,090 | -€4,118 | -9.1% |
| Other operating charges | 640/8 | €4,030 | €5,762 | +€1,732 | +43.0% |
| Gross operating margin | 9900 | €79,441 | €92,619 | +€13,177 | +16.6% |
| Operating profit (loss) | 9901 | €30,202 | €45,766 | +€15,564 | +51.5% |
| Financial income | 75/76B | €79,123 | €120,970 | +€41,848 | +52.9% |
| Recurring financial income | 75 | €79,123 | €120,970 | +€41,848 | +52.9% |
| Financial charges | 65/66B | -€8,680 | €11,890 | +€20,571 | |
| Recurring financial charges | 65 | -€8,680 | €11,890 | +€20,571 | |
| Profit (loss) for the period before taxes | 9903 | €118,006 | €154,846 | +€36,840 | +31.2% |
| Income taxes | 67/77 | €16,599 | €30,614 | +€14,015 | +84.4% |
| Profit (loss) for the period | 9904 | €101,406 | €124,232 | +€22,826 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,406 | €124,232 | +€22,826 | +22.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.