EEN2ZES: 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.
EEN2ZES
Largest movements
- Receivables within one year -€41,945
down €41,945 (-38.2%), from €109,804 to €67,860
of which Other amounts receivable: -€54,677
- Tangible fixed assets -€21,259
down €21,259 (-13.2%), from €160,602 to €139,343
of which Furniture and vehicles: -€13,478
- Cash +€11,346
up €11,346 (+34.6%), from €32,789 to €44,135
mainly Receivables within one year (+€41,945) and Depreciation (+€35,117)
- Trade debts -€65,563
down €65,563 (-77.6%), from €84,516 to €18,953
- Debts after one year +€24,995
up €24,995 (+67.8%), from €36,848 to €61,843
- Reserves -€24,656
down €24,656 (-15.5%), from €159,118 to €134,461
- Current portion of long-term debt +€8,068
up €8,068 (+52.3%), from €15,414 to €23,482
- Tax, wage and social debts +€3,662
up €3,662 (+133.5%), from €2,743 to €6,405
of which Remuneration and social security: +€4,487
- Gross operating margin -€23,115
down €23,115 (-32.1%), from €71,909 to €48,794
- Depreciation +€8,401
up €8,401 (+31.4%), from €26,716 to €35,117
- Taxes -€7,190
down €7,190 (-64.0%), from €11,228 to €4,038
- Financial income +€2,819
up €2,819 (+28194300.0%), from €0 to €2,819
- Financial charges +€990
up €990 (+16.9%), from €5,862 to €6,851
of which Financial charges: +€1,089
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 | €311,039 | €257,544 | -€53,495 | -17.2% |
| Fixed assets | 21/28 | €161,588 | €139,599 | -€21,989 | -13.6% |
| Intangible fixed assets | 21 | €986 | €256 | -€730 | -74.0% |
| Tangible fixed assets | 22/27 | €160,602 | €139,343 | -€21,259 | -13.2% |
| Land and buildings | 22 | €6,134 | €3,892 | -€2,243 | -36.6% |
| Plant, machinery and equipment | 23 | €93,786 | €88,248 | -€5,538 | -5.9% |
| Furniture and vehicles | 24 | €60,681 | €47,203 | -€13,478 | -22.2% |
| Current assets | 29/58 | €149,451 | €117,945 | -€31,506 | -21.1% |
| Stocks and contracts in progress | 3 | €6,858 | €5,951 | -€907 | -13.2% |
| Stocks | 30/36 | €6,858 | €5,951 | -€907 | -13.2% |
| Amounts receivable within one year | 40/41 | €109,804 | €67,860 | -€41,945 | -38.2% |
| Trade receivables | 40 | €23,066 | €35,799 | +€12,732 | +55.2% |
| Other amounts receivable | 41 | €86,738 | €32,061 | -€54,677 | -63.0% |
| Cash at bank and in hand | 54/58 | €32,789 | €44,135 | +€11,346 | +34.6% |
| Total equity and liabilities | 10/49 | €311,039 | €257,544 | -€53,495 | -17.2% |
| Equity | 10/15 | €171,518 | €146,861 | -€24,656 | -14.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €159,118 | €134,461 | -€24,656 | -15.5% |
| Distributable reserves | 133 | €159,118 | €134,461 | -€24,656 | -15.5% |
| Amounts payable | 17/49 | €139,521 | €110,683 | -€28,839 | -20.7% |
| Amounts payable after more than one year | 17 | €36,848 | €61,843 | +€24,995 | +67.8% |
| Financial debts | 170/4 | €36,848 | €61,843 | +€24,995 | +67.8% |
| Amounts payable within one year | 42/48 | €102,673 | €48,839 | -€53,834 | -52.4% |
| Current portion of amounts payable after more than one year | 42 | €15,414 | €23,482 | +€8,068 | +52.3% |
| Trade debts | 44 | €84,516 | €18,953 | -€65,563 | -77.6% |
| Suppliers | 440/4 | €84,516 | €18,953 | -€65,563 | -77.6% |
| Taxes, remuneration and social security | 45 | €2,743 | €6,405 | +€3,662 | +133.5% |
| Taxes | 450/3 | €2,743 | €1,917 | -€825 | -30.1% |
| Remuneration and social security | 454/9 | - | €4,487 | +€4,487 | |
| Non-recurring operating income | 76A | - | €2,715 | +€2,715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,716 | €35,117 | +€8,401 | +31.4% |
| Other operating charges | 640/8 | €676 | €798 | +€122 | +18.0% |
| Gross operating margin | 9900 | €71,909 | €48,794 | -€23,115 | -32.1% |
| Operating profit (loss) | 9901 | €44,517 | €12,879 | -€31,637 | -71.1% |
| Financial income | 75/76B | €0 | €2,819 | +€2,819 | +28194300.0% |
| Recurring financial income | 75 | €0 | €2,819 | +€2,819 | +28194300.0% |
| Financial charges | 65/66B | €5,862 | €6,851 | +€990 | +16.9% |
| Recurring financial charges | 65 | €5,762 | €6,851 | +€1,089 | +18.9% |
| Non-recurring financial charges | 66B | €100 | - | -€100 | |
| Profit (loss) for the period before taxes | 9903 | €38,655 | €8,848 | -€29,808 | -77.1% |
| Income taxes | 67/77 | €11,228 | €4,038 | -€7,190 | -64.0% |
| Profit (loss) for the period | 9904 | €27,427 | €4,810 | -€22,618 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,427 | €4,810 | -€22,618 | -82.5% |
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.