E.W. PRODUCTION: 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.W. PRODUCTION
Largest movements
- Tangible fixed assets +€47,237
up €47,237 (+52.7%), from €89,597 to €136,833
of which Plant, machinery and equipment: +€26,936
- Receivables within one year -€17,000
down €17,000 (-48.4%), from €35,115 to €18,115
of which Trade receivables: -€16,851
- Cash -€12,162
down €12,162 (-18.0%), from €67,550 to €55,387
mainly Investment in fixed assets (net) (-€77,686) and Other debts (-€33,260)
- Other debts -€33,260
down €33,260 (-91.4%), from €36,376 to €3,116
- Reserves +€23,929
up €23,929 (+51.8%), from €46,176 to €70,105
of which Distributable reserves: +€23,929
- Debts after one year +€14,574
up €14,574 (+24.4%), from €59,619 to €74,193
- Current portion of long-term debt +€9,337
up €9,337 (+54.1%), from €17,249 to €26,586
- Tax, wage and social debts +€4,079
up €4,079 (+20.0%), from €20,407 to €24,485
of which Taxes: +€4,015
- Gross operating margin +€30,033
up €30,033 (+32.6%), from €92,178 to €122,210
- Depreciation +€17,252
up €17,252 (+131%), from €13,197 to €30,450
- Financial charges +€11,301
up €11,301 (+589%), from €1,918 to €13,220
- Staff costs +€10,702
up €10,702 (+31.4%), from €34,106 to €44,808
- Taxes +€4,560
up €4,560 (+122%), from €3,749 to €8,309
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 | €202,455 | €221,356 | +€18,901 | +9.3% |
| Fixed assets | 21/28 | €89,597 | €136,833 | +€47,237 | +52.7% |
| Tangible fixed assets | 22/27 | €89,597 | €136,833 | +€47,237 | +52.7% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €32,929 | €59,865 | +€26,936 | +81.8% |
| Furniture and vehicles | 24 | €8,691 | €4,239 | -€4,453 | -51.2% |
| Leasing and similar rights | 25 | €46,322 | €68,245 | +€21,923 | +47.3% |
| Other tangible fixed assets | 26 | €1,654 | €4,485 | +€2,830 | +171% |
| Current assets | 29/58 | €112,858 | €84,523 | -€28,335 | -25.1% |
| Stocks and contracts in progress | 3 | €9,399 | €9,755 | +€356 | +3.8% |
| Stocks | 30/36 | €9,338 | €9,680 | +€341 | +3.7% |
| Contracts in progress | 37 | €60 | €75 | +€15 | +24.8% |
| Amounts receivable within one year | 40/41 | €35,115 | €18,115 | -€17,000 | -48.4% |
| Trade receivables | 40 | €34,553 | €17,702 | -€16,851 | -48.8% |
| Other amounts receivable | 41 | €561 | €413 | -€148 | -26.4% |
| Cash at bank and in hand | 54/58 | €67,550 | €55,387 | -€12,162 | -18.0% |
| Deferred charges and accrued income | 490/1 | €795 | €1,266 | +€471 | +59.2% |
| Total equity and liabilities | 10/49 | €202,455 | €221,356 | +€18,901 | +9.3% |
| Equity | 10/15 | €64,776 | €88,705 | +€23,929 | +36.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,176 | €70,105 | +€23,929 | +51.8% |
| 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 | €44,316 | €68,245 | +€23,929 | +54.0% |
| Amounts payable | 17/49 | €137,679 | €132,651 | -€5,027 | -3.7% |
| Amounts payable after more than one year | 17 | €59,619 | €74,193 | +€14,574 | +24.4% |
| Financial debts | 170/4 | €59,619 | €74,193 | +€14,574 | +24.4% |
| Amounts payable within one year | 42/48 | €78,060 | €58,458 | -€19,602 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €17,249 | €26,586 | +€9,337 | +54.1% |
| Financial debts | 43 | €136 | €260 | +€124 | +91.3% |
| Credit institutions | 430/8 | €136 | €260 | +€124 | +91.3% |
| Trade debts | 44 | €3,893 | €4,012 | +€119 | +3.0% |
| Suppliers | 440/4 | €3,893 | €4,012 | +€119 | +3.0% |
| Taxes, remuneration and social security | 45 | €20,407 | €24,485 | +€4,079 | +20.0% |
| Taxes | 450/3 | €14,824 | €18,839 | +€4,015 | +27.1% |
| Remuneration and social security | 454/9 | €5,583 | €5,646 | +€63 | +1.1% |
| Other amounts payable | 47/48 | €36,376 | €3,116 | -€33,260 | -91.4% |
| Remuneration, social security and pensions | 62 | €34,106 | €44,808 | +€10,702 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,197 | €30,450 | +€17,252 | +131% |
| Other operating charges | 640/8 | €1,715 | €1,503 | -€212 | -12.3% |
| Gross operating margin | 9900 | €92,178 | €122,210 | +€30,033 | +32.6% |
| Operating profit (loss) | 9901 | €43,159 | €45,450 | +€2,291 | +5.3% |
| Financial income | 75/76B | €0 | €8 | +€8 | +3,600% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +3,600% |
| Financial charges | 65/66B | €1,918 | €13,220 | +€11,301 | +589% |
| Recurring financial charges | 65 | €1,918 | €13,220 | +€11,301 | +589% |
| Profit (loss) for the period before taxes | 9903 | €41,241 | €32,238 | -€9,003 | -21.8% |
| Income taxes | 67/77 | €3,749 | €8,309 | +€4,560 | +122% |
| Profit (loss) for the period | 9904 | €37,492 | €23,929 | -€13,563 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,492 | €23,929 | -€13,563 | -36.2% |
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 22 October 2026 via checked.be.