E.K.S.D.: 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.S.D.
Largest movements
- Receivables within one year -€14,123
down €14,123 (-24.8%), from €57,022 to €42,899
of which Trade receivables: -€15,797
- Cash -€13,417
down €13,417 (-29.2%), from €45,892 to €32,475
mainly Debts after one year (-€17,508) and Investment in fixed assets (net) (-€17,459)
- Debts after one year -€17,508
down €17,508 (-79.6%), from €22,004 to €4,496
- Tax, wage and social debts -€11,155
down €11,155 (-55.5%), from €20,088 to €8,933
- Gross operating margin -€17,363
down €17,363 (-45.5%), from €38,162 to €20,799
- Depreciation -€4,084
down €4,084 (-16.5%), from €24,748 to €20,665
- Taxes -€3,308
down €3,308 (-72.0%), from €4,593 to €1,286
- Financial charges -€734
down €734 (-33.9%), from €2,166 to €1,433
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 | €351,105 | €320,360 | -€30,745 | -8.8% |
| Fixed assets | 21/28 | €163,192 | €159,986 | -€3,206 | -2.0% |
| Tangible fixed assets | 22/27 | €163,192 | €159,986 | -€3,206 | -2.0% |
| Land and buildings | 22 | €111,557 | €111,220 | -€337 | -0.3% |
| Plant, machinery and equipment | 23 | €7,571 | €5,415 | -€2,156 | -28.5% |
| Furniture and vehicles | 24 | €15,086 | €16,471 | +€1,385 | +9.2% |
| Other tangible fixed assets | 26 | €28,978 | €26,880 | -€2,098 | -7.2% |
| Current assets | 29/58 | €187,914 | €160,374 | -€27,540 | -14.7% |
| Amounts receivable after more than one year | 29 | €85,000 | €85,000 | = | 0.0% |
| Other amounts receivable | 291 | €85,000 | €85,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,022 | €42,899 | -€14,123 | -24.8% |
| Trade receivables | 40 | €57,022 | €41,225 | -€15,797 | -27.7% |
| Other amounts receivable | 41 | - | €1,674 | +€1,674 | |
| Cash at bank and in hand | 54/58 | €45,892 | €32,475 | -€13,417 | -29.2% |
| Total equity and liabilities | 10/49 | €351,105 | €320,360 | -€30,745 | -8.8% |
| Equity | 10/15 | €285,381 | €285,112 | -€269 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,613 | €8,758 | -€1,855 | -17.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,753 | €6,898 | -€1,855 | -21.2% |
| Profit (loss) carried forward | 14 | €256,168 | €257,755 | +€1,587 | +0.6% |
| Provisions and deferred taxes | 16 | €2,918 | €2,299 | -€618 | -21.2% |
| Deferred taxes | 168 | €2,918 | €2,299 | -€618 | -21.2% |
| Amounts payable | 17/49 | €62,807 | €32,948 | -€29,859 | -47.5% |
| Amounts payable after more than one year | 17 | €22,004 | €4,496 | -€17,508 | -79.6% |
| Financial debts | 170/4 | €22,004 | €4,496 | -€17,508 | -79.6% |
| Amounts payable within one year | 42/48 | €40,803 | €28,453 | -€12,350 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €16,773 | €17,508 | +€735 | +4.4% |
| Trade debts | 44 | €736 | €925 | +€190 | +25.8% |
| Suppliers | 440/4 | €736 | €925 | +€190 | +25.8% |
| Taxes, remuneration and social security | 45 | €20,088 | €8,933 | -€11,155 | -55.5% |
| Taxes | 450/3 | €20,088 | €8,933 | -€11,155 | -55.5% |
| Other amounts payable | 47/48 | €3,206 | €1,086 | -€2,120 | -66.1% |
| Non-recurring operating income | 76A | €11,000 | €51,734 | +€40,734 | +370% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,748 | €20,665 | -€4,084 | -16.5% |
| Other operating charges | 640/8 | €1,122 | €1,026 | -€96 | -8.6% |
| Gross operating margin | 9900 | €38,162 | €20,799 | -€17,363 | -45.5% |
| Operating profit (loss) | 9901 | €12,291 | -€892 | -€13,183 | |
| Financial income | 75/76B | €2,446 | €2,723 | +€277 | +11.3% |
| Recurring financial income | 75 | €2,446 | €2,723 | +€277 | +11.3% |
| Financial charges | 65/66B | €2,166 | €1,433 | -€734 | -33.9% |
| Recurring financial charges | 65 | €2,166 | €1,433 | -€734 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €12,571 | €399 | -€12,172 | -96.8% |
| Transfer from deferred taxes | 780 | €618 | €618 | = | 0.0% |
| Income taxes | 67/77 | €4,593 | €1,286 | -€3,308 | -72.0% |
| Profit (loss) for the period | 9904 | €8,596 | -€269 | -€8,865 | |
| Transfer from tax-exempt reserves | 789 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,451 | €1,587 | -€8,865 | -84.8% |
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 19 October 2026 via checked.be.