EGAM: 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.
EGAM
Largest movements
- Tangible fixed assets -€13,724
down €13,724 (-1.5%), from €920,636 to €906,912
of which Land and buildings: -€11,788
- Other debts -€22,229
down €22,229 (-4.1%), from €546,473 to €524,244
- Gross operating margin +€8,542
up €8,542 (+61.8%), from €13,833 to €22,375
- Financial income -€2,600
no longer reported in 2025 (was €2,600)
of which Financial income: -€2,600
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 | €934,508 | €916,175 | -€18,333 | -2.0% |
| Fixed assets | 21/28 | €920,636 | €906,912 | -€13,724 | -1.5% |
| Tangible fixed assets | 22/27 | €920,636 | €906,912 | -€13,724 | -1.5% |
| Land and buildings | 22 | €914,376 | €902,588 | -€11,788 | -1.3% |
| Other tangible fixed assets | 26 | €6,260 | €4,324 | -€1,936 | -30.9% |
| Current assets | 29/58 | €13,872 | €9,263 | -€4,609 | -33.2% |
| Cash at bank and in hand | 54/58 | €13,872 | €9,263 | -€4,609 | -33.2% |
| Total equity and liabilities | 10/49 | €934,508 | €916,175 | -€18,333 | -2.0% |
| Equity | 10/15 | €385,922 | €391,931 | +€6,009 | +1.6% |
| Contributions | 10/11 | €44,621 | €44,621 | = | 0.0% |
| Reserves | 13 | €4,462 | €4,462 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,462 | €4,462 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,462 | €4,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | €336,839 | €342,848 | +€6,009 | +1.8% |
| Amounts payable | 17/49 | €548,586 | €524,244 | -€24,342 | -4.4% |
| Amounts payable within one year | 42/48 | €548,586 | €524,244 | -€24,342 | -4.4% |
| Trade debts | 44 | €2,113 | - | -€2,113 | |
| Suppliers | 440/4 | €2,113 | - | -€2,113 | |
| Other amounts payable | 47/48 | €546,473 | €524,244 | -€22,229 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,724 | €13,724 | = | 0.0% |
| Other operating charges | 640/8 | €2,357 | €2,422 | +€65 | +2.8% |
| Gross operating margin | 9900 | €13,833 | €22,375 | +€8,542 | +61.8% |
| Operating profit (loss) | 9901 | -€2,248 | €6,229 | +€8,477 | |
| Financial income | 75/76B | €2,600 | - | -€2,600 | |
| Recurring financial income | 75 | €2,600 | - | -€2,600 | |
| Non-recurring financial income | 76B | €2,600 | - | -€2,600 | |
| Financial charges | 65/66B | €206 | €220 | +€14 | +6.8% |
| Recurring financial charges | 65 | €206 | €220 | +€14 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €146 | €6,009 | +€5,863 | +4015.8% |
| Profit (loss) for the period | 9904 | €146 | €6,009 | +€5,863 | +4015.8% |
| Profit (loss) for the period to be appropriated | 9905 | €146 | €6,009 | +€5,863 | +4015.8% |
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 5 October 2026 via checked.be.