easyPV: 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.
easyPV
Largest movements
- Receivables within one year +€290,645
up €290,645 (+89.7%), from €323,961 to €614,606
of which Trade receivables: +€292,111
- Tangible fixed assets -€268,033
down €268,033 (-16.9%), from €1.6m to €1.3m
- Stocks and contracts -€221,432
down €221,432 (-100%), from €221,432 to €0
- Cash -€97,413
down €97,413 (-75.1%), from €129,700 to €32,287
mainly Trade debts (-€349,730) and Receivables within one year (-€290,645)
- Trade debts -€349,730
down €349,730 (-81.9%), from €426,906 to €77,176
- Current portion of long-term debt -€77,183
down €77,183 (-32.4%), from €238,206 to €161,022
- Other debts +€62,810
up €62,810 (+12.6%), from €499,000 to €561,810
- Profit (loss) carried forward +€42,547
up €42,547 (+71.2%), from €59,790 to €102,337
- Gross operating margin +€91,104
up €91,104 (+31.8%), from €286,722 to €377,826
- Depreciation +€35,324
up €35,324 (+13.8%), from €255,079 to €290,403
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.
Derived cash bridge
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 | €2,268,682 | €1,972,041 | -€296,641 | -13.1% |
| Fixed assets | 21/28 | €1,589,510 | €1,321,477 | -€268,033 | -16.9% |
| Tangible fixed assets | 22/27 | €1,584,191 | €1,316,158 | -€268,033 | -16.9% |
| Plant, machinery and equipment | 23 | €1,584,191 | €1,316,158 | -€268,033 | -16.9% |
| Financial fixed assets | 28 | €5,319 | €5,319 | = | 0.0% |
| Current assets | 29/58 | €679,172 | €650,564 | -€28,608 | -4.2% |
| Stocks and contracts in progress | 3 | €221,432 | €0 | -€221,432 | -100% |
| Stocks | 30/36 | €221,432 | €0 | -€221,432 | -100% |
| Amounts receivable within one year | 40/41 | €323,961 | €614,606 | +€290,645 | +89.7% |
| Trade receivables | 40 | €317,074 | €609,185 | +€292,111 | +92.1% |
| Other amounts receivable | 41 | €6,887 | €5,422 | -€1,466 | -21.3% |
| Cash at bank and in hand | 54/58 | €129,700 | €32,287 | -€97,413 | -75.1% |
| Deferred charges and accrued income | 490/1 | €4,079 | €3,671 | -€408 | -10.0% |
| Total equity and liabilities | 10/49 | €2,268,682 | €1,972,041 | -€296,641 | -13.1% |
| Equity | 10/15 | €269,790 | €312,337 | +€42,547 | +15.8% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,790 | €102,337 | +€42,547 | +71.2% |
| Amounts payable | 17/49 | €1,998,893 | €1,659,705 | -€339,188 | -17.0% |
| Amounts payable after more than one year | 17 | €808,641 | €824,731 | +€16,090 | +2.0% |
| Financial debts | 170/4 | €424,948 | €507,469 | +€82,521 | +19.4% |
| Other amounts payable | 178/9 | €383,692 | €317,261 | -€66,431 | -17.3% |
| Amounts payable within one year | 42/48 | €1,164,112 | €800,008 | -€364,104 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €238,206 | €161,022 | -€77,183 | -32.4% |
| Trade debts | 44 | €426,906 | €77,176 | -€349,730 | -81.9% |
| Suppliers | 440/4 | €426,906 | €77,176 | -€349,730 | -81.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €499,000 | €561,810 | +€62,810 | +12.6% |
| Accrued charges and deferred income | 492/3 | €26,140 | €34,965 | +€8,826 | +33.8% |
| Non-recurring operating income | 76A | €36,737 | €0 | -€36,737 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,079 | €290,403 | +€35,324 | +13.8% |
| Other operating charges | 640/8 | €1,053 | €1,086 | +€34 | +3.2% |
| Gross operating margin | 9900 | €286,722 | €377,826 | +€91,104 | +31.8% |
| Operating profit (loss) | 9901 | €30,590 | €86,336 | +€55,746 | +182% |
| Financial income | 75/76B | €1,074 | €0 | -€1,074 | -100.0% |
| Recurring financial income | 75 | €1,074 | €0 | -€1,074 | -100.0% |
| Financial charges | 65/66B | €41,781 | €43,789 | +€2,008 | +4.8% |
| Recurring financial charges | 65 | €41,781 | €43,789 | +€2,008 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,116 | €42,547 | +€52,663 | |
| Income taxes | 67/77 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€10,116 | €42,547 | +€52,663 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,116 | €42,547 | +€52,663 |
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 25 October 2026 via checked.be.