E2Grid: 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.
E2Grid
Largest movements
- Cash +€20,934
up €20,934 (+51.3%), from €40,817 to €61,751
mainly Depreciation (+€16,938) and Net result for the year (+€4,995)
- Tangible fixed assets -€16,938
down €16,938 (-13.6%), from €124,105 to €107,167
- Receivables within one year -€1,921
no longer reported in 2025 (was €1,921)
- Reserves +€4,995
up €4,995 (+21.2%), from €23,520 to €28,515
- Other debts -€3,000
no longer reported in 2025 (was €3,000)
- Gross operating margin +€2,390
up €2,390 (+11.0%), from €21,802 to €24,192
- Taxes +€1,139
up €1,139 (+95.6%), from €1,192 to €2,331
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 | €167,636 | €170,024 | +€2,388 | +1.4% |
| Fixed assets | 21/28 | €124,105 | €107,167 | -€16,938 | -13.6% |
| Tangible fixed assets | 22/27 | €124,105 | €107,167 | -€16,938 | -13.6% |
| Leasing and similar rights | 25 | €124,105 | €107,167 | -€16,938 | -13.6% |
| Current assets | 29/58 | €43,531 | €62,856 | +€19,325 | +44.4% |
| Amounts receivable within one year | 40/41 | €1,921 | - | -€1,921 | |
| Other amounts receivable | 41 | €1,921 | - | -€1,921 | |
| Cash at bank and in hand | 54/58 | €40,817 | €61,751 | +€20,934 | +51.3% |
| Deferred charges and accrued income | 490/1 | €793 | €1,105 | +€312 | +39.3% |
| Total equity and liabilities | 10/49 | €167,636 | €170,024 | +€2,388 | +1.4% |
| Equity | 10/15 | €163,377 | €168,372 | +€4,995 | +3.1% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €23,520 | €28,515 | +€4,995 | +21.2% |
| Distributable reserves | 133 | €23,520 | €28,515 | +€4,995 | +21.2% |
| Profit (loss) carried forward | 14 | €49,857 | €49,857 | = | 0.0% |
| Amounts payable | 17/49 | €4,259 | €1,652 | -€2,607 | -61.2% |
| Amounts payable within one year | 42/48 | €4,193 | €1,585 | -€2,608 | -62.2% |
| Trade debts | 44 | - | €26 | +€26 | |
| Suppliers | 440/4 | - | €26 | +€26 | |
| Taxes, remuneration and social security | 45 | €1,193 | €1,559 | +€365 | +30.6% |
| Taxes | 450/3 | €1,193 | €1,559 | +€365 | +30.6% |
| Other amounts payable | 47/48 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,938 | €16,938 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €21,802 | €24,192 | +€2,390 | +11.0% |
| Operating profit (loss) | 9901 | €4,738 | €7,126 | +€2,388 | +50.4% |
| Financial income | 75/76B | €53 | €224 | +€170 | +318.9% |
| Recurring financial income | 75 | €53 | €224 | +€170 | +318.9% |
| Financial charges | 65/66B | €24 | €24 | = | 0.0% |
| Recurring financial charges | 65 | €24 | €24 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,767 | €7,325 | +€2,558 | +53.7% |
| Income taxes | 67/77 | €1,192 | €2,331 | +€1,139 | +95.6% |
| Profit (loss) for the period | 9904 | €3,576 | €4,995 | +€1,419 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,576 | €4,995 | +€1,419 | +39.7% |
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 9 October 2026 via checked.be.