EG BELGIQUE: what changed
EG BELGIQUE
Largest movements
- Cash +€31,598
up €31,598 (+58.8%), from €53,778 to €85,376
mainly Trade debts (+€84,069) and Other debts (+€22,968)
- Receivables within one year -€7,506
down €7,506 (-24.7%), from €30,385 to €22,879
of which Trade receivables: -€6,500
- Tangible fixed assets -€4,359
down €4,359 (-30.1%), from €14,505 to €10,146
of which Other tangible fixed assets: -€4,238
- Trade debts +€84,069
up €84,069 (+42.6%), from €197,501 to €281,571
- Profit (loss) carried forward -€72,097
down €72,097 (-14.6%), from -€492,424 to -€564,521
- Other debts +€22,968
up €22,968 (+6.6%), from €347,603 to €370,571
- Tax, wage and social debts -€15,207
down €15,207 (-45.1%), from €33,720 to €18,513
of which Taxes: -€14,243
- Gross operating margin +€21,869
up €21,869 (+70.8%), from -€30,873 to -€9,004
- Staff costs +€11,641
up €11,641 (+30.1%), from €38,616 to €50,257
- Other operating charges +€507
up €507 (+91.6%), from €553 to €1,060
- Financial charges -€310
down €310 (-4.0%), from €7,728 to €7,418
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,400 | €124,134 | +€19,734 | +18.9% |
| Fixed assets | 21/28 | €20,238 | €15,879 | -€4,359 | -21.5% |
| Tangible fixed assets | 22/27 | €14,505 | €10,146 | -€4,359 | -30.1% |
| Plant, machinery and equipment | 23 | €25 | - | -€25 | |
| Furniture and vehicles | 24 | €96 | - | -€96 | |
| Other tangible fixed assets | 26 | €14,384 | €10,146 | -€4,238 | -29.5% |
| Financial fixed assets | 28 | €5,733 | €5,733 | = | 0.0% |
| Current assets | 29/58 | €84,162 | €108,255 | +€24,093 | +28.6% |
| Amounts receivable within one year | 40/41 | €30,385 | €22,879 | -€7,506 | -24.7% |
| Trade receivables | 40 | €29,379 | €22,879 | -€6,500 | -22.1% |
| Other amounts receivable | 41 | €1,006 | - | -€1,006 | |
| Cash at bank and in hand | 54/58 | €53,778 | €85,376 | +€31,598 | +58.8% |
| Total equity and liabilities | 10/49 | €104,400 | €124,134 | +€19,734 | +18.9% |
| Equity | 10/15 | -€474,424 | -€546,521 | -€72,097 | -15.2% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€492,424 | -€564,521 | -€72,097 | -14.6% |
| Amounts payable | 17/49 | €578,824 | €670,655 | +€91,831 | +15.9% |
| Amounts payable within one year | 42/48 | €578,824 | €670,655 | +€91,831 | +15.9% |
| Trade debts | 44 | €197,501 | €281,571 | +€84,069 | +42.6% |
| Suppliers | 440/4 | €197,501 | €281,571 | +€84,069 | +42.6% |
| Taxes, remuneration and social security | 45 | €33,720 | €18,513 | -€15,207 | -45.1% |
| Taxes | 450/3 | €26,658 | €12,415 | -€14,243 | -53.4% |
| Remuneration and social security | 454/9 | €7,062 | €6,098 | -€964 | -13.7% |
| Other amounts payable | 47/48 | €347,603 | €370,571 | +€22,968 | +6.6% |
| Non-recurring operating income | 76A | €2,487 | - | -€2,487 | |
| Remuneration, social security and pensions | 62 | €38,616 | €50,257 | +€11,641 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,594 | €4,359 | -€235 | -5.1% |
| Other operating charges | 640/8 | €553 | €1,060 | +€507 | +91.6% |
| Gross operating margin | 9900 | -€30,873 | -€9,004 | +€21,869 | +70.8% |
| Operating profit (loss) | 9901 | -€74,636 | -€64,679 | +€9,956 | +13.3% |
| Financial charges | 65/66B | €7,728 | €7,418 | -€310 | -4.0% |
| Recurring financial charges | 65 | €7,728 | €7,418 | -€310 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€82,363 | -€72,097 | +€10,267 | +12.5% |
| Profit (loss) for the period | 9904 | -€82,363 | -€72,097 | +€10,267 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,363 | -€72,097 | +€10,267 | +12.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.