E2: what changed
Two fiscal 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.
E2
Largest movements
- Tangible fixed assets -€37,650
down €37,650 (-42.1%), from €89,359 to €51,709
of which Land and buildings: -€36,391
- Cash +€1,416
up €1,416 (+53.1%), from €2,665 to €4,081
mainly Depreciation (+€37,650) and Trade debts (+€1,188)
- Other debts -€19,355
down €19,355 (-1.4%), from €1.4m to €1.4m
- Profit (loss) carried forward -€18,074
down €18,074 (-1.4%), from -€1.3m to -€1.3m
- Trade debts +€1,188
up €1,188 (+476.9%), from €249 to €1,436
- Depreciation -€38,607
down €38,607 (-50.6%), from €76,257 to €37,650
- Gross operating margin +€9,459
up €9,459 (+92.7%), from €10,202 to €19,661
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 | €92,654 | €56,413 | -€36,241 | -39.1% |
| Fixed assets | 21/28 | €89,628 | €51,978 | -€37,650 | -42.0% |
| Tangible fixed assets | 22/27 | €89,359 | €51,709 | -€37,650 | -42.1% |
| Land and buildings | 22 | €81,377 | €44,986 | -€36,391 | -44.7% |
| Plant, machinery and equipment | 23 | €7,510 | €6,487 | -€1,023 | -13.6% |
| Furniture and vehicles | 24 | €472 | €236 | -€236 | -50.0% |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €3,027 | €4,435 | +€1,409 | +46.5% |
| Amounts receivable within one year | 40/41 | €361 | €354 | -€7 | -2.0% |
| Other amounts receivable | 41 | €361 | €354 | -€7 | -2.0% |
| Cash at bank and in hand | 54/58 | €2,665 | €4,081 | +€1,416 | +53.1% |
| Total equity and liabilities | 10/49 | €92,654 | €56,413 | -€36,241 | -39.1% |
| Equity | 10/15 | -€1,306,065 | -€1,324,138 | -€18,074 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,326,525 | -€1,344,598 | -€18,074 | -1.4% |
| Amounts payable | 17/49 | €1,398,719 | €1,380,552 | -€18,168 | -1.3% |
| Amounts payable within one year | 42/48 | €1,398,719 | €1,380,552 | -€18,168 | -1.3% |
| Trade debts | 44 | €249 | €1,436 | +€1,188 | +476.9% |
| Suppliers | 440/4 | €249 | €1,436 | +€1,188 | +476.9% |
| Other amounts payable | 47/48 | €1,398,470 | €1,379,115 | -€19,355 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,257 | €37,650 | -€38,607 | -50.6% |
| Other operating charges | 640/8 | €55 | €55 | = | 0.0% |
| Gross operating margin | 9900 | €10,202 | €19,661 | +€9,459 | +92.7% |
| Operating profit (loss) | 9901 | -€66,109 | -€18,044 | +€48,066 | +72.7% |
| Financial charges | 65/66B | €100 | €30 | -€70 | -70.1% |
| Recurring financial charges | 65 | €100 | €30 | -€70 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | -€66,210 | -€18,074 | +€48,136 | +72.7% |
| Profit (loss) for the period | 9904 | -€66,210 | -€18,074 | +€48,136 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,210 | -€18,074 | +€48,136 | +72.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.