E.W. PROMOTION: 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. PROMOTION
Largest movements
- Cash +€9,097
up €9,097 (+17.3%), from €52,616 to €61,713
mainly Net result for the year (+€12,333) and Depreciation (+€8,894)
- Receivables within one year +€6,241
up €6,241 (+8.5%), from €73,557 to €79,798
of which Other amounts receivable: +€7,408
- Tangible fixed assets -€3,004
down €3,004 (-17.9%), from €16,822 to €13,818
of which Plant, machinery and equipment: -€2,245
- Profit (loss) carried forward +€12,333
up €12,333 (+50.1%), from -€24,640 to -€12,308
- Gross operating margin -€2,766
down €2,766 (-9.8%), from €28,262 to €25,497
- Depreciation +€2,541
up €2,541 (+40.0%), from €6,353 to €8,894
- Taxes +€1,392
up €1,392 (+329%), from €423 to €1,815
- Financial charges -€308
down €308 (-54.9%), from €560 to €252
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 | €145,745 | €158,080 | +€12,335 | +8.5% |
| Fixed assets | 21/28 | €16,822 | €13,818 | -€3,004 | -17.9% |
| Tangible fixed assets | 22/27 | €16,822 | €13,818 | -€3,004 | -17.9% |
| Plant, machinery and equipment | 23 | €2,359 | €114 | -€2,245 | -95.2% |
| Furniture and vehicles | 24 | €14,463 | €13,704 | -€759 | -5.2% |
| Current assets | 29/58 | €128,923 | €144,262 | +€15,339 | +11.9% |
| Stocks and contracts in progress | 3 | €2,750 | €2,750 | = | 0.0% |
| Stocks | 30/36 | €2,750 | €2,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,557 | €79,798 | +€6,241 | +8.5% |
| Trade receivables | 40 | €2,231 | €1,065 | -€1,166 | -52.3% |
| Other amounts receivable | 41 | €71,326 | €78,734 | +€7,408 | +10.4% |
| Cash at bank and in hand | 54/58 | €52,616 | €61,713 | +€9,097 | +17.3% |
| Total equity and liabilities | 10/49 | €145,745 | €158,080 | +€12,335 | +8.5% |
| Equity | 10/15 | €142,228 | €154,561 | +€12,333 | +8.7% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €135,868 | €135,868 | = | 0.0% |
| Distributable reserves | 133 | €135,868 | €135,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,640 | -€12,308 | +€12,333 | +50.1% |
| Amounts payable | 17/49 | €3,517 | €3,519 | +€2 | +0.1% |
| Amounts payable within one year | 42/48 | €3,517 | €3,519 | +€2 | +0.1% |
| Trade debts | 44 | €2,658 | €1,282 | -€1,376 | -51.8% |
| Suppliers | 440/4 | €2,658 | €1,282 | -€1,376 | -51.8% |
| Taxes, remuneration and social security | 45 | €859 | €2,237 | +€1,378 | +160% |
| Taxes | 450/3 | €859 | €2,237 | +€1,378 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,353 | €8,894 | +€2,541 | +40.0% |
| Other operating charges | 640/8 | €1,967 | €2,203 | +€236 | +12.0% |
| Gross operating margin | 9900 | €28,262 | €25,497 | -€2,766 | -9.8% |
| Operating profit (loss) | 9901 | €19,942 | €14,399 | -€5,543 | -27.8% |
| Financial charges | 65/66B | €560 | €252 | -€308 | -54.9% |
| Recurring financial charges | 65 | €560 | €252 | -€308 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €19,382 | €14,147 | -€5,235 | -27.0% |
| Income taxes | 67/77 | €423 | €1,815 | +€1,392 | +329% |
| Profit (loss) for the period | 9904 | €18,960 | €12,333 | -€6,627 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,960 | €12,333 | -€6,627 | -35.0% |
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 25 October 2026 via checked.be.