EER: what changed
Two fiscal 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.
EER
Largest movements
- Cash -€12,563
down €12,563 (-67.2%), from €18,694 to €6,131
mainly Contributions, distributions and other (-€52,293) and Accrued charges and deferred income (-€12,765)
- Receivables within one year +€11,477
up €11,477 (+18.3%), from €62,868 to €74,344
of which Other amounts receivable: +€14,248
- Current investments -€6,287
no longer reported in 2025 (was €6,287)
- Accrued charges and deferred income -€12,765
down €12,765 (-100.0%), from €12,765 to €0
- Tax, wage and social debts +€5,923
up €5,923 (+9.1%), from €64,735 to €70,658
- Trade debts -€2,174
down €2,174 (-94.6%), from €2,299 to €125
- Short-term financial debts +€1,643
up €1,643 (+53.9%), from €3,050 to €4,693
- Gross operating margin -€14,048
down €14,048 (-16.2%), from €86,521 to €72,473
- Taxes -€3,070
down €3,070 (-11.7%), from €26,244 to €23,174
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 | €87,848 | €80,475 | -€7,373 | -8.4% |
| Current assets | 29/58 | €87,848 | €80,475 | -€7,373 | -8.4% |
| Amounts receivable within one year | 40/41 | €62,868 | €74,344 | +€11,477 | +18.3% |
| Trade receivables | 40 | €19,003 | €16,232 | -€2,771 | -14.6% |
| Other amounts receivable | 41 | €43,865 | €58,112 | +€14,248 | +32.5% |
| Current investments | 50/53 | €6,287 | - | -€6,287 | |
| Cash at bank and in hand | 54/58 | €18,694 | €6,131 | -€12,563 | -67.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €87,848 | €80,475 | -€7,373 | -8.4% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,848 | €75,475 | -€7,373 | -8.9% |
| Amounts payable within one year | 42/48 | €70,083 | €75,475 | +€5,392 | +7.7% |
| Financial debts | 43 | €3,050 | €4,693 | +€1,643 | +53.9% |
| Credit institutions | 430/8 | €3,050 | €4,693 | +€1,643 | +53.9% |
| Trade debts | 44 | €2,299 | €125 | -€2,174 | -94.6% |
| Suppliers | 440/4 | €2,299 | €125 | -€2,174 | -94.6% |
| Taxes, remuneration and social security | 45 | €64,735 | €70,658 | +€5,923 | +9.1% |
| Taxes | 450/3 | €64,735 | €70,658 | +€5,923 | +9.1% |
| Accrued charges and deferred income | 492/3 | €12,765 | €0 | -€12,765 | -100.0% |
| Other operating charges | 640/8 | €654 | €462 | -€193 | -29.4% |
| Gross operating margin | 9900 | €86,521 | €72,473 | -€14,048 | -16.2% |
| Operating profit (loss) | 9901 | €85,867 | €72,012 | -€13,855 | -16.1% |
| Financial income | 75/76B | €3,930 | €3,998 | +€68 | +1.7% |
| Recurring financial income | 75 | €3,930 | €3,998 | +€68 | +1.7% |
| Financial charges | 65/66B | €1,219 | €542 | -€676 | -55.5% |
| Recurring financial charges | 65 | €1,219 | €542 | -€676 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €88,578 | €75,467 | -€13,111 | -14.8% |
| Income taxes | 67/77 | €26,244 | €23,174 | -€3,070 | -11.7% |
| Profit (loss) for the period | 9904 | €62,334 | €52,293 | -€10,041 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,334 | €52,293 | -€10,041 | -16.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.