EASY: 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.
EASY
Largest movements
- Tangible fixed assets +€104,641
up €104,641 (+158.9%), from €65,857 to €170,498
of which Leasing and similar rights: +€113,589
- Receivables within one year +€83,972
up €83,972 (+27.8%), from €301,643 to €385,615
of which Trade receivables: +€96,612
- Deferred charges and accrued income +€32,937
up €32,937 (+103.4%), from €31,861 to €64,799
- Cash -€26,018
down €26,018 (-85.0%), from €30,593 to €4,576
mainly Investment in fixed assets (net) (-€155,964) and Receivables within one year (-€83,972)
- Debts after one year +€70,167
up €70,167 (+133.6%), from €52,507 to €122,673
- Trade debts +€61,119
up €61,119 (+55.0%), from €111,168 to €172,286
- Current portion of long-term debt +€28,879
up €28,879 (+84.8%), from €34,055 to €62,934
- Other debts +€17,862
up €17,862 (+297.7%), from €6,000 to €23,862
- Profit (loss) carried forward +€10,348
up €10,348 (+5.9%), from €176,162 to €186,511
- Write-downs +€97,750
new in 2025: €97,750
- Gross operating margin +€71,119
up €71,119 (+33.0%), from €215,640 to €286,759
- Taxes -€16,269
down €16,269 (-64.5%), from €25,221 to €8,951
- Other operating charges +€8,698
up €8,698 (+45.8%), from €19,012 to €27,710
- Staff costs +€8,293
up €8,293 (+14.1%), from €58,711 to €67,005
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 | €450,129 | €645,662 | +€195,533 | +43.4% |
| Fixed assets | 21/28 | €86,032 | €190,673 | +€104,641 | +121.6% |
| Tangible fixed assets | 22/27 | €65,857 | €170,498 | +€104,641 | +158.9% |
| Furniture and vehicles | 24 | €22,472 | €13,524 | -€8,948 | -39.8% |
| Leasing and similar rights | 25 | €43,385 | €156,974 | +€113,589 | +261.8% |
| Financial fixed assets | 28 | €20,175 | €20,175 | = | 0.0% |
| Current assets | 29/58 | €364,097 | €454,989 | +€90,892 | +25.0% |
| Amounts receivable within one year | 40/41 | €301,643 | €385,615 | +€83,972 | +27.8% |
| Trade receivables | 40 | €218,115 | €314,727 | +€96,612 | +44.3% |
| Other amounts receivable | 41 | €83,527 | €70,887 | -€12,640 | -15.1% |
| Cash at bank and in hand | 54/58 | €30,593 | €4,576 | -€26,018 | -85.0% |
| Deferred charges and accrued income | 490/1 | €31,861 | €64,799 | +€32,937 | +103.4% |
| Total equity and liabilities | 10/49 | €450,129 | €645,662 | +€195,533 | +43.4% |
| Equity | 10/15 | €197,062 | €207,411 | +€10,348 | +5.3% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,162 | €186,511 | +€10,348 | +5.9% |
| Amounts payable | 17/49 | €253,067 | €438,251 | +€185,185 | +73.2% |
| Amounts payable after more than one year | 17 | €52,507 | €122,673 | +€70,167 | +133.6% |
| Financial debts | 170/4 | €52,507 | €122,673 | +€70,167 | +133.6% |
| Amounts payable within one year | 42/48 | €200,560 | €315,578 | +€115,018 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €34,055 | €62,934 | +€28,879 | +84.8% |
| Trade debts | 44 | €111,168 | €172,286 | +€61,119 | +55.0% |
| Suppliers | 440/4 | €111,168 | €172,286 | +€61,119 | +55.0% |
| Taxes, remuneration and social security | 45 | €49,338 | €56,495 | +€7,158 | +14.5% |
| Taxes | 450/3 | €38,128 | €35,946 | -€2,182 | -5.7% |
| Remuneration and social security | 454/9 | €11,210 | €20,549 | +€9,339 | +83.3% |
| Other amounts payable | 47/48 | €6,000 | €23,862 | +€17,862 | +297.7% |
| Remuneration, social security and pensions | 62 | €58,711 | €67,005 | +€8,293 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,183 | €51,323 | +€3,140 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €97,750 | +€97,750 | |
| Other operating charges | 640/8 | €19,012 | €27,710 | +€8,698 | +45.8% |
| Gross operating margin | 9900 | €215,640 | €286,759 | +€71,119 | +33.0% |
| Operating profit (loss) | 9901 | €89,734 | €42,971 | -€46,763 | -52.1% |
| Financial income | 75/76B | €4 | €127 | +€123 | +3347.8% |
| Recurring financial income | 75 | €4 | €127 | +€123 | +3347.8% |
| Financial charges | 65/66B | €22,824 | €23,799 | +€975 | +4.3% |
| Recurring financial charges | 65 | €22,824 | €23,799 | +€975 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €66,914 | €19,299 | -€47,615 | -71.2% |
| Income taxes | 67/77 | €25,221 | €8,951 | -€16,269 | -64.5% |
| Profit (loss) for the period | 9904 | €41,693 | €10,348 | -€31,345 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,693 | €10,348 | -€31,345 | -75.2% |
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 1 October 2026 via checked.be.