E & K GROUP: 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 & K GROUP
Largest movements
- Receivables within one year +€757,548
up €757,548 (+113%), from €668,558 to €1.4m
of which Trade receivables: +€718,764
- Cash +€71,400
up €71,400 (+559%), from €12,784 to €84,184
mainly Trade debts (+€377,561) and Tax, wage and social debts (+€210,722)
- Deferred charges and accrued income -€43,100
down €43,100 (-49.3%), from €87,500 to €44,400
- Trade debts +€377,561
up €377,561 (+143%), from €263,690 to €641,251
- Tax, wage and social debts +€210,722
up €210,722 (+436%), from €48,354 to €259,076
of which Remuneration and social security: +€134,381
- Current portion of long-term debt +€176,179
up €176,179 (+288%), from €61,241 to €237,420
- Reserves +€70,401
up €70,401 (+7.3%), from €960,243 to €1.0m
of which Distributable reserves: +€70,401
- Debts after one year -€39,389
down €39,389 (-11.7%), from €337,263 to €297,874
- Gross operating margin -€97,718
down €97,718 (-39.9%), from €245,201 to €147,483
- Depreciation -€57,202
no longer reported in 2024 (was €57,202)
- Other operating charges -€17,893
down €17,893 (-66.6%), from €26,874 to €8,981
- Financial charges -€5,644
down €5,644 (-21.9%), from €25,748 to €20,104
- Taxes -€3,823
down €3,823 (-8.4%), from €45,254 to €41,431
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,703,237 | €2,488,054 | +€784,817 | +46.1% |
| Fixed assets | 21/28 | €918,895 | €923,364 | +€4,469 | +0.5% |
| Tangible fixed assets | 22/27 | €918,895 | €923,364 | +€4,469 | +0.5% |
| Land and buildings | 22 | €895,225 | €883,624 | -€11,601 | -1.3% |
| Furniture and vehicles | 24 | €23,670 | €39,740 | +€16,070 | +67.9% |
| Current assets | 29/58 | €784,342 | €1,564,690 | +€780,348 | +99.5% |
| Stocks and contracts in progress | 3 | €15,500 | €10,000 | -€5,500 | -35.5% |
| Contracts in progress | 37 | €15,500 | €10,000 | -€5,500 | -35.5% |
| Amounts receivable within one year | 40/41 | €668,558 | €1,426,106 | +€757,548 | +113% |
| Trade receivables | 40 | €386,517 | €1,105,281 | +€718,764 | +186% |
| Other amounts receivable | 41 | €282,041 | €320,825 | +€38,784 | +13.8% |
| Cash at bank and in hand | 54/58 | €12,784 | €84,184 | +€71,400 | +559% |
| Deferred charges and accrued income | 490/1 | €87,500 | €44,400 | -€43,100 | -49.3% |
| Total equity and liabilities | 10/49 | €1,703,237 | €2,488,054 | +€784,817 | +46.1% |
| Equity | 10/15 | €979,711 | €1,050,112 | +€70,401 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €960,243 | €1,030,644 | +€70,401 | +7.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €958,383 | €1,028,784 | +€70,401 | +7.3% |
| Profit (loss) carried forward | 14 | €868 | €868 | = | 0.0% |
| Amounts payable | 17/49 | €723,526 | €1,437,942 | +€714,416 | +98.7% |
| Amounts payable after more than one year | 17 | €337,263 | €297,874 | -€39,389 | -11.7% |
| Financial debts | 170/4 | €337,263 | €297,874 | -€39,389 | -11.7% |
| Amounts payable within one year | 42/48 | €373,285 | €1,137,802 | +€764,517 | +205% |
| Current portion of amounts payable after more than one year | 42 | €61,241 | €237,420 | +€176,179 | +288% |
| Trade debts | 44 | €263,690 | €641,251 | +€377,561 | +143% |
| Suppliers | 440/4 | €263,690 | €641,251 | +€377,561 | +143% |
| Taxes, remuneration and social security | 45 | €48,354 | €259,076 | +€210,722 | +436% |
| Taxes | 450/3 | €48,354 | €124,695 | +€76,341 | +158% |
| Remuneration and social security | 454/9 | - | €134,381 | +€134,381 | |
| Other amounts payable | 47/48 | - | €55 | +€55 | |
| Accrued charges and deferred income | 492/3 | €12,978 | €2,266 | -€10,712 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,202 | - | -€57,202 | |
| Other operating charges | 640/8 | €26,874 | €8,981 | -€17,893 | -66.6% |
| Gross operating margin | 9900 | €245,201 | €147,483 | -€97,718 | -39.9% |
| Operating profit (loss) | 9901 | €161,125 | €138,502 | -€22,623 | -14.0% |
| Financial income | 75/76B | €7,784 | €7,350 | -€434 | -5.6% |
| Recurring financial income | 75 | €7,784 | €7,350 | -€434 | -5.6% |
| Financial charges | 65/66B | €25,748 | €20,104 | -€5,644 | -21.9% |
| Recurring financial charges | 65 | €25,748 | €20,104 | -€5,644 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €143,161 | €125,748 | -€17,413 | -12.2% |
| Income taxes | 67/77 | €45,254 | €41,431 | -€3,823 | -8.4% |
| Profit (loss) for the period | 9904 | €97,907 | €84,317 | -€13,590 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €97,907 | €84,317 | -€13,590 | -13.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.