E2DG: 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.
E2DG
Largest movements
- Cash +€56,400
up €56,400 (+30.4%), from €185,319 to €241,719
mainly Net result for the year (+€95,109) and Depreciation (+€4,369)
- Tangible fixed assets -€4,369
down €4,369 (-41.3%), from €10,581 to €6,213
- Profit (loss) carried forward +€93,159
up €93,159 (+43.3%), from €215,383 to €308,542
- Tax, wage and social debts -€33,253
down €33,253 (-87.0%), from €38,215 to €4,962
- Gross operating margin -€17,854
down €17,854 (-12.3%), from €145,664 to €127,809
- Taxes -€4,284
down €4,284 (-13.7%), from €31,296 to €27,012
- Depreciation +€1,850
up €1,850 (+73.5%), from €2,519 to €4,369
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 | €270,502 | €324,907 | +€54,405 | +20.1% |
| Fixed assets | 21/28 | €10,581 | €6,213 | -€4,369 | -41.3% |
| Tangible fixed assets | 22/27 | €10,581 | €6,213 | -€4,369 | -41.3% |
| Furniture and vehicles | 24 | €10,581 | €6,213 | -€4,369 | -41.3% |
| Current assets | 29/58 | €259,921 | €318,695 | +€58,774 | +22.6% |
| Amounts receivable within one year | 40/41 | €73,686 | €76,264 | +€2,577 | +3.5% |
| Trade receivables | 40 | €73,686 | €76,264 | +€2,577 | +3.5% |
| Cash at bank and in hand | 54/58 | €185,319 | €241,719 | +€56,400 | +30.4% |
| Deferred charges and accrued income | 490/1 | €915 | €712 | -€203 | -22.2% |
| Total equity and liabilities | 10/49 | €270,502 | €324,907 | +€54,405 | +20.1% |
| Equity | 10/15 | €219,383 | €312,542 | +€93,159 | +42.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,383 | €308,542 | +€93,159 | +43.3% |
| Amounts payable | 17/49 | €51,119 | €12,365 | -€38,754 | -75.8% |
| Amounts payable after more than one year | 17 | €2,841 | - | -€2,841 | |
| Financial debts | 170/4 | €2,841 | - | -€2,841 | |
| Amounts payable within one year | 42/48 | €48,277 | €12,365 | -€35,912 | -74.4% |
| Current portion of amounts payable after more than one year | 42 | €5,502 | €2,841 | -€2,661 | -48.4% |
| Trade debts | 44 | €3,955 | €3,967 | +€12 | +0.3% |
| Suppliers | 440/4 | €3,955 | €3,967 | +€12 | +0.3% |
| Taxes, remuneration and social security | 45 | €38,215 | €4,962 | -€33,253 | -87.0% |
| Taxes | 450/3 | €38,215 | €4,962 | -€33,253 | -87.0% |
| Other amounts payable | 47/48 | €606 | €595 | -€11 | -1.8% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,519 | €4,369 | +€1,850 | +73.5% |
| Other operating charges | 640/8 | €211 | €860 | +€650 | +308.0% |
| Gross operating margin | 9900 | €145,664 | €127,809 | -€17,854 | -12.3% |
| Operating profit (loss) | 9901 | €142,934 | €122,580 | -€20,354 | -14.2% |
| Financial charges | 65/66B | €749 | €459 | -€290 | -38.7% |
| Recurring financial charges | 65 | €749 | €459 | -€290 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €142,185 | €122,121 | -€20,064 | -14.1% |
| Income taxes | 67/77 | €31,296 | €27,012 | -€4,284 | -13.7% |
| Profit (loss) for the period | 9904 | €110,889 | €95,109 | -€15,780 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €110,889 | €95,109 | -€15,780 | -14.2% |
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 6 October 2026 via checked.be.