E & S TEAM: 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 & S TEAM
Largest movements
- Receivables within one year +€100,242
up €100,242 (+441.0%), from €22,729 to €122,971
of which Other amounts receivable: +€105,435
- Tangible fixed assets +€3,933
new in 2025: €3,933
- Profit (loss) carried forward +€99,362
up €99,362 (+537.2%), from €18,496 to €117,858
- Trade debts +€5,005
up €5,005 (+126.3%), from €3,961 to €8,966
- Turnover +€200,323
up €200,323 (+386.2%), from €51,864 to €252,187
- Purchases and services +€115,665
up €115,665 (+347.0%), from €33,331 to €148,996
- Gross operating margin +€84,977
up €84,977 (+458.5%), from €18,533 to €103,510
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,729 | €126,904 | +€104,175 | +458.3% |
| Fixed assets | 21/28 | - | €3,933 | +€3,933 | |
| Tangible fixed assets | 22/27 | - | €3,933 | +€3,933 | |
| Furniture and vehicles | 24 | - | €3,933 | +€3,933 | |
| Current assets | 29/58 | €22,729 | €122,971 | +€100,242 | +441.0% |
| Amounts receivable within one year | 40/41 | €22,729 | €122,971 | +€100,242 | +441.0% |
| Trade receivables | 40 | €21,081 | €15,888 | -€5,193 | -24.6% |
| Other amounts receivable | 41 | €1,648 | €107,083 | +€105,435 | +6398.4% |
| Total equity and liabilities | 10/49 | €22,729 | €126,904 | +€104,175 | +458.3% |
| Equity | 10/15 | €18,496 | €117,858 | +€99,362 | +537.2% |
| Profit (loss) carried forward | 14 | €18,496 | €117,858 | +€99,362 | +537.2% |
| Amounts payable | 17/49 | €4,233 | €9,046 | +€4,813 | +113.7% |
| Amounts payable within one year | 42/48 | €4,233 | €9,046 | +€4,813 | +113.7% |
| Financial debts | 43 | €36 | €80 | +€44 | +121.9% |
| Credit institutions | 430/8 | €36 | €80 | +€44 | +121.9% |
| Trade debts | 44 | €3,961 | €8,966 | +€5,005 | +126.3% |
| Suppliers | 440/4 | €3,961 | €8,966 | +€5,005 | +126.3% |
| Other amounts payable | 47/48 | €235 | - | -€235 | |
| Turnover | 70 | €51,864 | €252,187 | +€200,323 | +386.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €33,331 | €148,996 | +€115,665 | +347.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,867 | +€1,867 | |
| Other operating charges | 640/8 | - | €2,207 | +€2,207 | |
| Gross operating margin | 9900 | €18,533 | €103,510 | +€84,977 | +458.5% |
| Operating profit (loss) | 9901 | €18,533 | €99,436 | +€80,904 | +436.5% |
| Financial income | 75/76B | - | €112 | +€112 | |
| Recurring financial income | 75 | - | €112 | +€112 | |
| Financial charges | 65/66B | €37 | €186 | +€150 | +409.3% |
| Recurring financial charges | 65 | €37 | €186 | +€150 | +409.3% |
| Profit (loss) for the period before taxes | 9903 | €18,496 | €99,362 | +€80,866 | +437.2% |
| Profit (loss) for the period | 9904 | €18,496 | €99,362 | +€80,866 | +437.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,496 | €99,362 | +€80,866 | +437.2% |
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 11 October 2026 via checked.be.