E-Square EEIG: 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-Square EEIG
Largest movements
- Cash +€523,651
up €523,651 (+138%), from €380,555 to €904,206
mainly Accrued charges and deferred income (+€389,572) and Trade debts (+€90,142)
- Receivables within one year +€42,647
up €42,647 (+198%), from €21,530 to €64,177
of which Trade receivables: +€44,878
- Accrued charges and deferred income +€389,572
up €389,572 (+2,810,763%), from €14 to €389,586
- Trade debts +€90,142
up €90,142 (+97.2%), from €92,734 to €182,876
- Other debts +€60,000
up €60,000 (+8.6%), from €700,453 to €760,453
- Profit (loss) carried forward +€30,503
up €30,503 (+7.9%), from -€388,346 to -€357,843
- Gross operating margin -€108,389
down €108,389 (-75.8%), from €142,918 to €34,530
- Write-downs +€3,797
new in 2025: €3,797
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 | €404,856 | €975,072 | +€570,217 | +141% |
| Current assets | 29/58 | €404,856 | €975,072 | +€570,217 | +141% |
| Amounts receivable within one year | 40/41 | €21,530 | €64,177 | +€42,647 | +198% |
| Trade receivables | 40 | €18,811 | €63,689 | +€44,878 | +239% |
| Other amounts receivable | 41 | €2,719 | €487 | -€2,232 | -82.1% |
| Cash at bank and in hand | 54/58 | €380,555 | €904,206 | +€523,651 | +138% |
| Deferred charges and accrued income | 490/1 | €2,771 | €6,690 | +€3,919 | +141% |
| Total equity and liabilities | 10/49 | €404,856 | €975,072 | +€570,217 | +141% |
| Equity | 10/15 | -€388,346 | -€357,843 | +€30,503 | +7.9% |
| Profit (loss) carried forward | 14 | -€388,346 | -€357,843 | +€30,503 | +7.9% |
| Amounts payable | 17/49 | €793,202 | €1,332,915 | +€539,714 | +68.0% |
| Amounts payable within one year | 42/48 | €793,188 | €943,330 | +€150,142 | +18.9% |
| Trade debts | 44 | €92,734 | €182,876 | +€90,142 | +97.2% |
| Suppliers | 440/4 | €92,734 | €182,876 | +€90,142 | +97.2% |
| Other amounts payable | 47/48 | €700,453 | €760,453 | +€60,000 | +8.6% |
| Accrued charges and deferred income | 492/3 | €14 | €389,586 | +€389,572 | +2,810,763% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,797 | +€3,797 | |
| Other operating charges | 640/8 | €80 | €80 | = | 0.0% |
| Gross operating margin | 9900 | €142,918 | €34,530 | -€108,389 | -75.8% |
| Operating profit (loss) | 9901 | €142,838 | €30,652 | -€112,186 | -78.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €185 | €150 | -€35 | -19.0% |
| Recurring financial charges | 65 | €185 | €150 | -€35 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €142,653 | €30,503 | -€112,150 | -78.6% |
| Profit (loss) for the period | 9904 | €142,653 | €30,503 | -€112,150 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €142,653 | €30,503 | -€112,150 | -78.6% |
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 20 October 2026 via checked.be.