E-WARE: 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-WARE
Largest movements
- Tangible fixed assets +€8,155
up €8,155 (+23.1%), from €35,326 to €43,481
- Receivables within one year +€765
up €765, from €0 to €765
of which Trade receivables: +€765
- Other debts +€36,946
up €36,946 (+6793.9%), from €544 to €37,490
- Profit (loss) carried forward -€18,018
down €18,018 (-56.1%), from -€32,135 to -€50,153
- Debts after one year -€14,833
down €14,833 (-36.4%), from €40,790 to €25,957
- Trade debts +€4,910
new in 2025: €4,910
- Gross operating margin -€17,219
down €17,219, from €12,707 to -€4,512
- Depreciation +€422
up €422 (+3.9%), from €10,870 to €11,291
- Financial income -€174
down €174 (-100.0%), from €174 to €0
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
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 | €37,047 | €46,053 | +€9,006 | +24.3% |
| Fixed assets | 21/28 | €35,326 | €43,481 | +€8,155 | +23.1% |
| Tangible fixed assets | 22/27 | €35,326 | €43,481 | +€8,155 | +23.1% |
| Other tangible fixed assets | 26 | €35,326 | €43,481 | +€8,155 | +23.1% |
| Current assets | 29/58 | €1,721 | €2,572 | +€851 | +49.5% |
| Amounts receivable within one year | 40/41 | €0 | €765 | +€765 | |
| Trade receivables | 40 | - | €765 | +€765 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,699 | €1,784 | +€85 | +5.0% |
| Deferred charges and accrued income | 490/1 | €22 | €23 | +€1 | +4.1% |
| Total equity and liabilities | 10/49 | €37,047 | €46,053 | +€9,006 | +24.3% |
| Equity | 10/15 | -€19,120 | -€37,138 | -€18,018 | -94.2% |
| Contributions | 10/11 | €11,050 | €11,050 | = | 0.0% |
| Reserves | 13 | €1,965 | €1,965 | = | 0.0% |
| Distributable reserves | 133 | €1,965 | €1,965 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,135 | -€50,153 | -€18,018 | -56.1% |
| Amounts payable | 17/49 | €56,167 | €83,190 | +€27,024 | +48.1% |
| Amounts payable after more than one year | 17 | €40,790 | €25,957 | -€14,833 | -36.4% |
| Financial debts | 170/4 | €40,790 | €25,957 | -€14,833 | -36.4% |
| Amounts payable within one year | 42/48 | €15,377 | €57,233 | +€41,857 | +272.2% |
| Current portion of amounts payable after more than one year | 42 | €14,833 | €14,833 | = | 0.0% |
| Trade debts | 44 | - | €4,910 | +€4,910 | |
| Suppliers | 440/4 | - | €4,910 | +€4,910 | |
| Other amounts payable | 47/48 | €544 | €37,490 | +€36,946 | +6793.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,870 | €11,291 | +€422 | +3.9% |
| Other operating charges | 640/8 | €1,948 | €2,010 | +€61 | +3.1% |
| Gross operating margin | 9900 | €12,707 | -€4,512 | -€17,219 | |
| Operating profit (loss) | 9901 | -€111 | -€17,813 | -€17,702 | -15955.1% |
| Financial income | 75/76B | €174 | €0 | -€174 | -100.0% |
| Recurring financial income | 75 | €174 | €0 | -€174 | -100.0% |
| Financial charges | 65/66B | €180 | €204 | +€24 | +13.4% |
| Recurring financial charges | 65 | €180 | €204 | +€24 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€117 | -€18,018 | -€17,900 | -15256.4% |
| Profit (loss) for the period | 9904 | -€117 | -€18,018 | -€17,900 | -15256.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€117 | -€18,018 | -€17,900 | -15256.4% |
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.