EarthWays: 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.
EarthWays
Largest movements
- Tangible fixed assets +€10,784
up €10,784 (+110%), from €9,809 to €20,593
of which Furniture and vehicles: +€6,205
- Cash -€3,767
down €3,767 (-16.3%), from €23,087 to €19,321
mainly Investment in fixed assets (net) (-€15,460) and Current portion of long-term debt (-€7,103)
- Deferred charges and accrued income -€1,713
down €1,713 (-58.3%), from €2,935 to €1,223
- Receivables within one year -€1,009
down €1,009 (-75.9%), from €1,329 to €320
of which Other amounts receivable: -€704
- Current portion of long-term debt -€7,103
no longer reported in 2026 (was €7,103)
- Reserves +€6,603
up €6,603 (+16.1%), from €41,013 to €47,616
of which Distributable reserves: +€6,603
- Other debts +€2,854
up €2,854 (+797%), from €358 to €3,212
- Trade debts +€1,217
up €1,217 (+115%), from €1,061 to €2,278
- Tax, wage and social debts +€725
new in 2026: €725
- Depreciation -€7,857
down €7,857 (-62.7%), from €12,533 to €4,676
- Gross operating margin +€1,915
up €1,915 (+13.7%), from €14,020 to €15,935
- Other operating charges +€1,744
up €1,744 (+82.9%), from €2,103 to €3,847
- Taxes +€688
up €688, from €0 to €688
- Financial charges -€536
down €536 (-75.9%), from €706 to €170
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,382 | €49,678 | +€4,296 | +9.5% |
| Fixed assets | 21/28 | €9,809 | €20,593 | +€10,784 | +110% |
| Tangible fixed assets | 22/27 | €9,809 | €20,593 | +€10,784 | +110% |
| Land and buildings | 22 | €7,902 | €12,905 | +€5,003 | +63.3% |
| Plant, machinery and equipment | 23 | €1,327 | €903 | -€424 | -32.0% |
| Furniture and vehicles | 24 | €580 | €6,785 | +€6,205 | +1,070% |
| Current assets | 29/58 | €35,573 | €29,085 | -€6,488 | -18.2% |
| Amounts receivable within one year | 40/41 | €1,329 | €320 | -€1,009 | -75.9% |
| Trade receivables | 40 | €305 | - | -€305 | |
| Other amounts receivable | 41 | €1,024 | €320 | -€704 | -68.8% |
| Current investments | 50/53 | €8,222 | €8,222 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,087 | €19,321 | -€3,767 | -16.3% |
| Deferred charges and accrued income | 490/1 | €2,935 | €1,223 | -€1,713 | -58.3% |
| Total equity and liabilities | 10/49 | €45,382 | €49,678 | +€4,296 | +9.5% |
| Equity | 10/15 | €36,861 | €43,464 | +€6,603 | +17.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €41,013 | €47,616 | +€6,603 | +16.1% |
| Tax-exempt reserves | 132 | €9,013 | €9,013 | = | 0.0% |
| Distributable reserves | 133 | €32,000 | €38,603 | +€6,603 | +20.6% |
| Profit (loss) carried forward | 14 | -€24,152 | -€24,152 | = | 0.0% |
| Amounts payable | 17/49 | €8,522 | €6,214 | -€2,308 | -27.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €8,522 | €6,214 | -€2,308 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €7,103 | - | -€7,103 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,061 | €2,278 | +€1,217 | +115% |
| Suppliers | 440/4 | €1,061 | €2,278 | +€1,217 | +115% |
| Taxes, remuneration and social security | 45 | - | €725 | +€725 | |
| Taxes | 450/3 | - | €725 | +€725 | |
| Other amounts payable | 47/48 | €358 | €3,212 | +€2,854 | +797% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,533 | €4,676 | -€7,857 | -62.7% |
| Other operating charges | 640/8 | €2,103 | €3,847 | +€1,744 | +82.9% |
| Gross operating margin | 9900 | €14,020 | €15,935 | +€1,915 | +13.7% |
| Operating profit (loss) | 9901 | -€616 | €7,412 | +€8,028 | |
| Financial income | 75/76B | €210 | €50 | -€161 | -76.4% |
| Recurring financial income | 75 | €210 | €50 | -€161 | -76.4% |
| Financial charges | 65/66B | €706 | €170 | -€536 | -75.9% |
| Recurring financial charges | 65 | €706 | €170 | -€536 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,113 | €7,291 | +€8,404 | |
| Income taxes | 67/77 | €0 | €688 | +€688 | |
| Profit (loss) for the period | 9904 | -€1,113 | €6,603 | +€7,716 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,113 | €6,603 | +€7,716 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.