E40 COMMUNICATIONS: 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.
E40 COMMUNICATIONS
Largest movements
- Receivables within one year -€45,983
down €45,983 (-41.9%), from €109,761 to €63,778
of which Other amounts receivable: -€51,039
- Cash +€19,387
up €19,387 (+631.3%), from €3,071 to €22,458
mainly Net result for the year (+€53,157) and Receivables within one year (+€45,983)
- Other debts -€80,000
no longer reported in 2025 (was €80,000)
- Profit (loss) carried forward +€53,157
up €53,157 (+233.8%), from €22,733 to €75,890
- Tax, wage and social debts +€2,339
up €2,339 (+64.2%), from €3,641 to €5,979
- Trade debts -€1,707
down €1,707 (-66.1%), from €2,583 to €876
- Gross operating margin +€76,795
up €76,795, from -€15,357 to €61,439
- Taxes +€10,041
new in 2025: €10,041
- Financial income -€1,597
down €1,597 (-37.4%), from €4,266 to €2,669
- Staff costs -€966
no longer reported in 2025 (was €966)
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 | €113,956 | €87,745 | -€26,211 | -23.0% |
| Fixed assets | 21/28 | €887 | €1,165 | +€278 | +31.3% |
| Tangible fixed assets | 22/27 | €524 | €802 | +€278 | +53.0% |
| Furniture and vehicles | 24 | €524 | €802 | +€278 | +53.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €113,069 | €86,581 | -€26,489 | -23.4% |
| Amounts receivable within one year | 40/41 | €109,761 | €63,778 | -€45,983 | -41.9% |
| Trade receivables | 40 | €25,990 | €31,047 | +€5,057 | +19.5% |
| Other amounts receivable | 41 | €83,771 | €32,732 | -€51,039 | -60.9% |
| Cash at bank and in hand | 54/58 | €3,071 | €22,458 | +€19,387 | +631.3% |
| Deferred charges and accrued income | 490/1 | €237 | €345 | +€107 | +45.2% |
| Total equity and liabilities | 10/49 | €113,956 | €87,745 | -€26,211 | -23.0% |
| Equity | 10/15 | €27,733 | €80,890 | +€53,157 | +191.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,733 | €75,890 | +€53,157 | +233.8% |
| Amounts payable | 17/49 | €86,224 | €6,855 | -€79,368 | -92.0% |
| Amounts payable within one year | 42/48 | €86,224 | €6,855 | -€79,368 | -92.0% |
| Trade debts | 44 | €2,583 | €876 | -€1,707 | -66.1% |
| Suppliers | 440/4 | €2,583 | €876 | -€1,707 | -66.1% |
| Taxes, remuneration and social security | 45 | €3,641 | €5,979 | +€2,339 | +64.2% |
| Taxes | 450/3 | €3,641 | €5,979 | +€2,339 | +64.2% |
| Other amounts payable | 47/48 | €80,000 | - | -€80,000 | |
| Remuneration, social security and pensions | 62 | €966 | - | -€966 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235 | €318 | +€83 | +35.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€15,357 | €61,439 | +€76,795 | |
| Operating profit (loss) | 9901 | -€16,945 | €60,721 | +€77,666 | |
| Financial income | 75/76B | €4,266 | €2,669 | -€1,597 | -37.4% |
| Recurring financial income | 75 | €4,266 | €2,669 | -€1,597 | -37.4% |
| Financial charges | 65/66B | €429 | €192 | -€237 | -55.3% |
| Recurring financial charges | 65 | €429 | €192 | -€237 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,108 | €63,198 | +€76,306 | |
| Income taxes | 67/77 | - | €10,041 | +€10,041 | |
| Profit (loss) for the period | 9904 | -€13,108 | €53,157 | +€66,265 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,108 | €53,157 | +€66,265 |
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 7 October 2026 via checked.be.