E PLUS: 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 PLUS
Largest movements
- Tangible fixed assets -€108,940
down €108,940 (-3.9%), from €2.8m to €2.7m
- Debts after one year -€150,153
down €150,153 (-7.1%), from €2.1m to €2.0m
of which Financial debts: -€189,563
- Profit (loss) carried forward +€38,121
up €38,121 (+8.7%), from €439,739 to €477,860
- Financial charges -€29,629
down €29,629 (-25.6%), from €115,819 to €86,190
- Gross operating margin +€15,846
up €15,846 (+6.5%), from €244,080 to €259,927
- Taxes +€6,723
new in 2025: €6,723
- Depreciation -€4,084
down €4,084 (-3.6%), from €113,024 to €108,940
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 | €2,823,413 | €2,717,304 | -€106,109 | -3.8% |
| Fixed assets | 21/28 | €2,803,006 | €2,694,066 | -€108,940 | -3.9% |
| Tangible fixed assets | 22/27 | €2,803,006 | €2,694,066 | -€108,940 | -3.9% |
| Land and buildings | 22 | €2,803,006 | €2,694,066 | -€108,940 | -3.9% |
| Current assets | 29/58 | €20,407 | €23,238 | +€2,831 | +13.9% |
| Amounts receivable within one year | 40/41 | - | €460 | +€460 | |
| Trade receivables | 40 | - | €460 | +€460 | |
| Cash at bank and in hand | 54/58 | €20,407 | €22,778 | +€2,371 | +11.6% |
| Total equity and liabilities | 10/49 | €2,823,413 | €2,717,304 | -€106,109 | -3.8% |
| Equity | 10/15 | €472,258 | €510,379 | +€38,121 | +8.1% |
| Contributions | 10/11 | €29,563 | €29,563 | = | 0.0% |
| Reserves | 13 | €2,956 | €2,956 | = | 0.0% |
| Distributable reserves | 133 | €2,956 | €2,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | €439,739 | €477,860 | +€38,121 | +8.7% |
| Amounts payable | 17/49 | €2,351,155 | €2,206,924 | -€144,230 | -6.1% |
| Amounts payable after more than one year | 17 | €2,120,296 | €1,970,143 | -€150,153 | -7.1% |
| Financial debts | 170/4 | €1,291,680 | €1,102,117 | -€189,563 | -14.7% |
| Other amounts payable | 178/9 | €828,616 | €868,026 | +€39,410 | +4.8% |
| Amounts payable within one year | 42/48 | €222,273 | €230,864 | +€8,591 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €16,463 | €17,812 | +€1,349 | +8.2% |
| Financial debts | 43 | €177,699 | €176,238 | -€1,461 | -0.8% |
| Credit institutions | 430/8 | €177,699 | €176,238 | -€1,461 | -0.8% |
| Trade debts | 44 | €26,679 | €27,830 | +€1,151 | +4.3% |
| Suppliers | 440/4 | €26,679 | €27,830 | +€1,151 | +4.3% |
| Taxes, remuneration and social security | 45 | €1,432 | €8,984 | +€7,551 | +527% |
| Taxes | 450/3 | €1,432 | €8,984 | +€7,551 | +527% |
| Accrued charges and deferred income | 492/3 | €8,586 | €5,918 | -€2,668 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,024 | €108,940 | -€4,084 | -3.6% |
| Other operating charges | 640/8 | €19,023 | €20,110 | +€1,087 | +5.7% |
| Gross operating margin | 9900 | €244,080 | €259,927 | +€15,846 | +6.5% |
| Operating profit (loss) | 9901 | €112,033 | €130,877 | +€18,844 | +16.8% |
| Financial income | 75/76B | €0 | €157 | +€157 | +130,925% |
| Recurring financial income | 75 | €0 | €157 | +€157 | +130,925% |
| Financial charges | 65/66B | €115,819 | €86,190 | -€29,629 | -25.6% |
| Recurring financial charges | 65 | €115,819 | €86,190 | -€29,629 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,786 | €44,844 | +€48,630 | |
| Income taxes | 67/77 | - | €6,723 | +€6,723 | |
| Profit (loss) for the period | 9904 | -€3,786 | €38,121 | +€41,907 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,786 | €38,121 | +€41,907 |
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 24 October 2026 via checked.be.