EEJ SANSEN: 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.
EEJ SANSEN
Largest movements
- Cash +€72,369
up €72,369 (+53.2%), from €135,950 to €208,319
mainly Net result for the year (+€227,857) and Other debts (+€175,152)
- Financial fixed assets +€63,546
up €63,546 (+17.0%), from €373,723 to €437,269
- Tangible fixed assets -€30,520
down €30,520 (-6.7%), from €453,653 to €423,133
of which Land and buildings: -€29,311
- Deferred charges and accrued income +€25,361
up €25,361 (+130.2%), from €19,485 to €44,846
- Current investments +€21,426
up €21,426 (+10.4%), from €205,368 to €226,794
- Other debts +€175,152
up €175,152 (+146.1%), from €119,920 to €295,072
- Debts after one year -€78,874
down €78,874 (-22.7%), from €347,112 to €268,238
- Reserves +€45,367
up €45,367 (+4.5%), from €1.0m to €1.0m
of which Tax-exempt reserves: +€105,250
- Tax, wage and social debts +€44,646
up €44,646 (+52.2%), from €85,477 to €130,123
of which Taxes: +€41,428
- Short-term financial debts -€19,087
down €19,087 (-51.2%), from €37,251 to €18,164
- Gross operating margin -€163,765
down €163,765 (-28.8%), from €568,961 to €405,195
- Taxes -€65,672
down €65,672 (-37.7%), from €174,051 to €108,378
- Financial income +€10,641
up €10,641 (+105.1%), from €10,129 to €20,770
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 | €1,710,152 | €1,864,437 | +€154,285 | +9.0% |
| Fixed assets | 21/28 | €827,376 | €860,402 | +€33,026 | +4.0% |
| Tangible fixed assets | 22/27 | €453,653 | €423,133 | -€30,520 | -6.7% |
| Land and buildings | 22 | €201,358 | €172,047 | -€29,311 | -14.6% |
| Plant, machinery and equipment | 23 | €6,036 | €3,070 | -€2,966 | -49.1% |
| Furniture and vehicles | 24 | €28,925 | €22,381 | -€6,544 | -22.6% |
| Other tangible fixed assets | 26 | €217,334 | €225,635 | +€8,301 | +3.8% |
| Financial fixed assets | 28 | €373,723 | €437,269 | +€63,546 | +17.0% |
| Current assets | 29/58 | €882,775 | €1,004,034 | +€121,259 | +13.7% |
| Amounts receivable after more than one year | 29 | €115,000 | €115,000 | = | 0.0% |
| Other amounts receivable | 291 | €115,000 | €115,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €406,972 | €409,076 | +€2,104 | +0.5% |
| Trade receivables | 40 | €36,658 | €28,914 | -€7,744 | -21.1% |
| Other amounts receivable | 41 | €370,314 | €380,162 | +€9,848 | +2.7% |
| Current investments | 50/53 | €205,368 | €226,794 | +€21,426 | +10.4% |
| Cash at bank and in hand | 54/58 | €135,950 | €208,319 | +€72,369 | +53.2% |
| Deferred charges and accrued income | 490/1 | €19,485 | €44,846 | +€25,361 | +130.2% |
| Total equity and liabilities | 10/49 | €1,710,152 | €1,864,437 | +€154,285 | +9.0% |
| Equity | 10/15 | €1,012,936 | €1,058,302 | +€45,367 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,000,536 | €1,045,902 | +€45,367 | +4.5% |
| Tax-exempt reserves | 132 | €75,257 | €180,507 | +€105,250 | +139.9% |
| Distributable reserves | 133 | €925,279 | €865,395 | -€59,883 | -6.5% |
| Amounts payable | 17/49 | €697,216 | €806,134 | +€108,918 | +15.6% |
| Amounts payable after more than one year | 17 | €347,112 | €268,238 | -€78,874 | -22.7% |
| Financial debts | 170/4 | €347,112 | €268,238 | -€78,874 | -22.7% |
| Amounts payable within one year | 42/48 | €350,104 | €537,897 | +€187,792 | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €76,447 | €82,271 | +€5,823 | +7.6% |
| Financial debts | 43 | €37,251 | €18,164 | -€19,087 | -51.2% |
| Credit institutions | 430/8 | €37,251 | €18,164 | -€19,087 | -51.2% |
| Trade debts | 44 | €12,859 | €12,268 | -€591 | -4.6% |
| Suppliers | 440/4 | €12,859 | €12,268 | -€591 | -4.6% |
| Advances received on contracts in progress | 46 | €18,150 | - | -€18,150 | |
| Taxes, remuneration and social security | 45 | €85,477 | €130,123 | +€44,646 | +52.2% |
| Taxes | 450/3 | €85,477 | €126,905 | +€41,428 | +48.5% |
| Remuneration and social security | 454/9 | - | €3,218 | +€3,218 | |
| Other amounts payable | 47/48 | €119,920 | €295,072 | +€175,152 | +146.1% |
| Non-recurring operating income | 76A | €20,250 | €12,250 | -€8,000 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,420 | €67,113 | +€4,693 | +7.5% |
| Other operating charges | 640/8 | €5,427 | €7,152 | +€1,726 | +31.8% |
| Gross operating margin | 9900 | €568,961 | €405,195 | -€163,765 | -28.8% |
| Operating profit (loss) | 9901 | €501,114 | €330,930 | -€170,183 | -34.0% |
| Financial income | 75/76B | €10,129 | €20,770 | +€10,641 | +105.1% |
| Recurring financial income | 75 | €10,129 | €20,770 | +€10,641 | +105.1% |
| Financial charges | 65/66B | €17,645 | €15,465 | -€2,180 | -12.4% |
| Recurring financial charges | 65 | €17,645 | €15,465 | -€2,180 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €493,598 | €336,236 | -€157,362 | -31.9% |
| Income taxes | 67/77 | €174,051 | €108,378 | -€65,672 | -37.7% |
| Profit (loss) for the period | 9904 | €319,547 | €227,857 | -€91,689 | -28.7% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €319,547 | €122,607 | -€196,939 | -61.6% |
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 12 October 2026 via checked.be.