EASYRACK: 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.
EASYRACK
Largest movements
- Stocks and contracts -€161,121
down €161,121 (-11.9%), from €1.3m to €1.2m
- Tangible fixed assets -€156,373
down €156,373 (-23.9%), from €655,091 to €498,718
of which Plant, machinery and equipment: -€104,780
- Cash +€144,737
up €144,737 (+291.5%), from €49,660 to €194,397
mainly Short-term financial debts (+€400,000) and Depreciation (+€253,753)
- Intangible fixed assets +€87,413
up €87,413 (+52.2%), from €167,412 to €254,825
- Deferred charges and accrued income +€39,028
up €39,028 (+228.6%), from €17,076 to €56,104
- Reserves -€420,948
down €420,948 (-36.8%), from €1.1m to €723,207
of which Distributable reserves: -€420,948
- Short-term financial debts +€400,000
new in 2025: €400,000
- Trade debts -€146,859
down €146,859 (-15.1%), from €973,792 to €826,934
- Accrued charges and deferred income +€143,021
up €143,021 (+1821.0%), from €7,854 to €150,875
- Debts after one year -€42,114
down €42,114 (-9.4%), from €448,022 to €405,908
- Staff costs +€257,863
up €257,863 (+29.8%), from €866,454 to €1.1m
- Gross operating margin -€188,200
down €188,200 (-15.6%), from €1.2m to €1.0m
- Depreciation +€38,631
up €38,631 (+18.0%), from €215,122 to €253,753
- Taxes -€23,509
down €23,509 (-96.4%), from €24,388 to €878
- Financial charges +€18,557
up €18,557 (+45.4%), from €40,862 to €59,418
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 | €2,887,257 | €2,853,210 | -€34,047 | -1.2% |
| Fixed assets | 21/28 | €953,493 | €886,814 | -€66,679 | -7.0% |
| Intangible fixed assets | 21 | €167,412 | €254,825 | +€87,413 | +52.2% |
| Tangible fixed assets | 22/27 | €655,091 | €498,718 | -€156,373 | -23.9% |
| Plant, machinery and equipment | 23 | €515,480 | €410,699 | -€104,780 | -20.3% |
| Furniture and vehicles | 24 | €111,859 | €78,943 | -€32,916 | -29.4% |
| Other tangible fixed assets | 26 | €24,252 | €9,076 | -€15,177 | -62.6% |
| Assets under construction and advance payments | 27 | €3,500 | - | -€3,500 | |
| Financial fixed assets | 28 | €130,990 | €133,271 | +€2,281 | +1.7% |
| Current assets | 29/58 | €1,933,764 | €1,966,396 | +€32,633 | +1.7% |
| Stocks and contracts in progress | 3 | €1,348,392 | €1,187,271 | -€161,121 | -11.9% |
| Stocks | 30/36 | €1,348,392 | €1,187,271 | -€161,121 | -11.9% |
| Amounts receivable within one year | 40/41 | €518,636 | €528,624 | +€9,989 | +1.9% |
| Trade receivables | 40 | €483,023 | €469,243 | -€13,780 | -2.9% |
| Other amounts receivable | 41 | €35,612 | €59,381 | +€23,769 | +66.7% |
| Cash at bank and in hand | 54/58 | €49,660 | €194,397 | +€144,737 | +291.5% |
| Deferred charges and accrued income | 490/1 | €17,076 | €56,104 | +€39,028 | +228.6% |
| Total equity and liabilities | 10/49 | €2,887,257 | €2,853,210 | -€34,047 | -1.2% |
| Equity | 10/15 | €1,162,755 | €741,807 | -€420,948 | -36.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,144,155 | €723,207 | -€420,948 | -36.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,142,295 | €721,347 | -€420,948 | -36.9% |
| Amounts payable | 17/49 | €1,724,502 | €2,111,403 | +€386,901 | +22.4% |
| Amounts payable after more than one year | 17 | €448,022 | €405,908 | -€42,114 | -9.4% |
| Financial debts | 170/4 | €448,022 | €405,908 | -€42,114 | -9.4% |
| Amounts payable within one year | 42/48 | €1,268,626 | €1,554,620 | +€285,994 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €177,206 | €189,816 | +€12,610 | +7.1% |
| Financial debts | 43 | - | €400,000 | +€400,000 | |
| Credit institutions | 430/8 | - | €400,000 | +€400,000 | |
| Trade debts | 44 | €973,792 | €826,934 | -€146,859 | -15.1% |
| Suppliers | 440/4 | €973,792 | €826,934 | -€146,859 | -15.1% |
| Taxes, remuneration and social security | 45 | €105,989 | €137,870 | +€31,881 | +30.1% |
| Taxes | 450/3 | €27,863 | €51,837 | +€23,974 | +86.0% |
| Remuneration and social security | 454/9 | €78,127 | €86,034 | +€7,907 | +10.1% |
| Other amounts payable | 47/48 | €11,639 | - | -€11,639 | |
| Accrued charges and deferred income | 492/3 | €7,854 | €150,875 | +€143,021 | +1821.0% |
| Remuneration, social security and pensions | 62 | €866,454 | €1,124,317 | +€257,863 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,122 | €253,753 | +€38,631 | +18.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,257 | +€1,257 | |
| Other operating charges | 640/8 | €13,179 | €13,237 | +€57 | +0.4% |
| Gross operating margin | 9900 | €1,206,323 | €1,018,123 | -€188,200 | -15.6% |
| Operating profit (loss) | 9901 | €111,567 | -€374,441 | -€486,009 | |
| Financial income | 75/76B | €19,387 | €13,790 | -€5,596 | -28.9% |
| Recurring financial income | 75 | €19,387 | €13,790 | -€5,596 | -28.9% |
| Financial charges | 65/66B | €40,862 | €59,418 | +€18,557 | +45.4% |
| Recurring financial charges | 65 | €40,862 | €59,418 | +€18,557 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €90,092 | -€420,069 | -€510,162 | |
| Income taxes | 67/77 | €24,388 | €878 | -€23,509 | -96.4% |
| Profit (loss) for the period | 9904 | €65,705 | -€420,948 | -€486,652 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,705 | -€420,948 | -€486,652 |
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 11 October 2026 via checked.be.