E2P Management: 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.
E2P Management
Largest movements
- Cash -€94,171
down €94,171 (-65.1%), from €144,571 to €50,399
mainly Contributions, distributions and other (-€487,258) and Tax, wage and social debts (-€80,310)
- Tangible fixed assets -€22,400
down €22,400 (-22.1%), from €101,232 to €78,832
of which Furniture and vehicles: -€19,432
- Deferred charges and accrued income -€9,629
down €9,629 (-12.7%), from €75,752 to €66,123
- Reserves -€251,074
down €251,074 (-45.4%), from €552,738 to €301,664
- Other debts +€204,458
up €204,458 (+1816.0%), from €11,259 to €215,717
- Tax, wage and social debts -€80,310
down €80,310 (-43.4%), from €185,200 to €104,890
of which Taxes: -€80,310
- Depreciation +€14,523
up €14,523 (+184.4%), from €7,877 to €22,400
- Financial income -€5,008
down €5,008 (-37.7%), from €13,276 to €8,268
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 | €756,372 | €630,387 | -€125,984 | -16.7% |
| Fixed assets | 21/28 | €101,232 | €78,832 | -€22,400 | -22.1% |
| Tangible fixed assets | 22/27 | €101,232 | €78,832 | -€22,400 | -22.1% |
| Plant, machinery and equipment | 23 | €7,412 | €4,445 | -€2,968 | -40.0% |
| Furniture and vehicles | 24 | €93,820 | €74,387 | -€19,432 | -20.7% |
| Current assets | 29/58 | €655,140 | €551,556 | -€103,584 | -15.8% |
| Amounts receivable within one year | 40/41 | €34,817 | €35,034 | +€216 | +0.6% |
| Trade receivables | 40 | €34,795 | €34,996 | +€201 | +0.6% |
| Other amounts receivable | 41 | €22 | €37 | +€15 | +69.6% |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €144,571 | €50,399 | -€94,171 | -65.1% |
| Deferred charges and accrued income | 490/1 | €75,752 | €66,123 | -€9,629 | -12.7% |
| Total equity and liabilities | 10/49 | €756,372 | €630,387 | -€125,984 | -16.7% |
| Equity | 10/15 | €557,738 | €306,664 | -€251,074 | -45.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €552,738 | €301,664 | -€251,074 | -45.4% |
| Distributable reserves | 133 | €552,738 | €301,664 | -€251,074 | -45.4% |
| Amounts payable | 17/49 | €198,634 | €323,724 | +€125,090 | +63.0% |
| Amounts payable within one year | 42/48 | €198,229 | €322,318 | +€124,089 | +62.6% |
| Trade debts | 44 | €1,771 | €1,711 | -€60 | -3.4% |
| Suppliers | 440/4 | €1,771 | €1,711 | -€60 | -3.4% |
| Taxes, remuneration and social security | 45 | €185,200 | €104,890 | -€80,310 | -43.4% |
| Taxes | 450/3 | €181,940 | €101,630 | -€80,310 | -44.1% |
| Remuneration and social security | 454/9 | €3,260 | €3,260 | = | 0.0% |
| Other amounts payable | 47/48 | €11,259 | €215,717 | +€204,458 | +1816.0% |
| Accrued charges and deferred income | 492/3 | €405 | €1,406 | +€1,001 | +247.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,877 | €22,400 | +€14,523 | +184.4% |
| Other operating charges | 640/8 | €1,260 | €544 | -€716 | -56.8% |
| Gross operating margin | 9900 | €325,478 | €326,026 | +€547 | +0.2% |
| Operating profit (loss) | 9901 | €316,342 | €303,082 | -€13,260 | -4.2% |
| Financial income | 75/76B | €13,276 | €8,268 | -€5,008 | -37.7% |
| Recurring financial income | 75 | €13,276 | €8,268 | -€5,008 | -37.7% |
| Financial charges | 65/66B | €823 | €142 | -€682 | -82.8% |
| Recurring financial charges | 65 | €823 | €142 | -€682 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €328,795 | €311,209 | -€17,586 | -5.3% |
| Income taxes | 67/77 | €77,720 | €75,025 | -€2,695 | -3.5% |
| Profit (loss) for the period | 9904 | €251,074 | €236,184 | -€14,891 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €251,074 | €236,184 | -€14,891 | -5.9% |
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.