EEG ART: 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.
EEG ART
Largest movements
- Receivables within one year +€27,936
up €27,936 (+171%), from €16,352 to €44,288
of which Trade receivables: +€23,982
- Tangible fixed assets +€10,581
up €10,581 (+123%), from €8,602 to €19,183
- Cash +€8,016
up €8,016 (+33.6%), from €23,890 to €31,907
mainly Other debts (+€14,840) and Debts after one year (+€14,224)
- Other debts +€14,840
up €14,840 (+233%), from €6,381 to €21,221
- Debts after one year +€14,224
new in 2025: €14,224
- Trade debts +€11,878
up €11,878 (+61.4%), from €19,342 to €31,220
- Short-term financial debts +€4,973
new in 2025: €4,973
- Profit (loss) carried forward +€2,706
up €2,706 (+19.0%), from €14,274 to €16,981
- Turnover -€127,403
down €127,403 (-33.1%), from €384,543 to €257,139
- Purchases and services -€99,292
down €99,292 (-28.7%), from €346,137 to €246,846
- Gross operating margin -€30,637
down €30,637 (-74.6%), from €41,062 to €10,426
- Staff costs -€28,805
no longer reported in 2025 (was €28,805)
- Write-downs +€5,969
new in 2025: €5,969
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 | €49,796 | €96,340 | +€46,544 | +93.5% |
| Fixed assets | 21/28 | €8,602 | €19,183 | +€10,581 | +123% |
| Tangible fixed assets | 22/27 | €8,602 | €19,183 | +€10,581 | +123% |
| Furniture and vehicles | 24 | €8,602 | €19,183 | +€10,581 | +123% |
| Current assets | 29/58 | €41,194 | €77,157 | +€35,963 | +87.3% |
| Amounts receivable within one year | 40/41 | €16,352 | €44,288 | +€27,936 | +171% |
| Trade receivables | 40 | €14,831 | €38,813 | +€23,982 | +162% |
| Other amounts receivable | 41 | €1,521 | €5,475 | +€3,954 | +260% |
| Cash at bank and in hand | 54/58 | €23,890 | €31,907 | +€8,016 | +33.6% |
| Deferred charges and accrued income | 490/1 | €952 | €962 | +€11 | +1.1% |
| Total equity and liabilities | 10/49 | €49,796 | €96,340 | +€46,544 | +93.5% |
| Equity | 10/15 | €14,274 | €16,981 | +€2,706 | +19.0% |
| Profit (loss) carried forward | 14 | €14,274 | €16,981 | +€2,706 | +19.0% |
| Amounts payable | 17/49 | €35,522 | €79,359 | +€43,837 | +123% |
| Amounts payable after more than one year | 17 | - | €14,224 | +€14,224 | |
| Financial debts | 170/4 | - | €14,224 | +€14,224 | |
| Amounts payable within one year | 42/48 | €35,522 | €65,136 | +€29,614 | +83.4% |
| Financial debts | 43 | - | €4,973 | +€4,973 | |
| Credit institutions | 430/8 | - | €4,973 | +€4,973 | |
| Trade debts | 44 | €19,342 | €31,220 | +€11,878 | +61.4% |
| Suppliers | 440/4 | €19,342 | €31,220 | +€11,878 | +61.4% |
| Taxes, remuneration and social security | 45 | €9,799 | €7,721 | -€2,078 | -21.2% |
| Taxes | 450/3 | €9,799 | €7,721 | -€2,078 | -21.2% |
| Other amounts payable | 47/48 | €6,381 | €21,221 | +€14,840 | +233% |
| Turnover | 70 | €384,543 | €257,139 | -€127,403 | -33.1% |
| Non-recurring operating income | 76A | €2,657 | €132 | -€2,525 | -95.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €346,137 | €246,846 | -€99,292 | -28.7% |
| Remuneration, social security and pensions | 62 | €28,805 | - | -€28,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,333 | - | -€4,333 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,969 | +€5,969 | |
| Other operating charges | 640/8 | €181 | €506 | +€325 | +180% |
| Gross operating margin | 9900 | €41,062 | €10,426 | -€30,637 | -74.6% |
| Operating profit (loss) | 9901 | €7,743 | €3,950 | -€3,793 | -49.0% |
| Financial income | 75/76B | €111 | €0 | -€111 | -100.0% |
| Recurring financial income | 75 | €111 | €0 | -€111 | -100.0% |
| Financial charges | 65/66B | €441 | €184 | -€257 | -58.3% |
| Recurring financial charges | 65 | €441 | €184 | -€257 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €7,413 | €3,766 | -€3,647 | -49.2% |
| Income taxes | 67/77 | €1,666 | €1,060 | -€606 | -36.4% |
| Profit (loss) for the period | 9904 | €5,747 | €2,706 | -€3,041 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,747 | €2,706 | -€3,041 | -52.9% |
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 17 October 2026 via checked.be.