EGAN: 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.
EGAN
Largest movements
- Tangible fixed assets -€51,854
down €51,854 (-5.3%), from €973,738 to €921,884
of which Land and buildings: -€51,528
- Debts after one year -€37,708
down €37,708 (-21.6%), from €174,623 to €136,915
- Reserves -€14,318
down €14,318 (-2.4%), from €602,901 to €588,582
of which Tax-exempt reserves: -€10,443
- Gross operating margin -€12,503
down €12,503 (-20.2%), from €61,886 to €49,383
- Financial charges -€1,611
down €1,611 (-25.7%), from €6,270 to €4,659
- Taxes -€818
down €818 (-20.4%), from €4,014 to €3,196
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 | €1,016,642 | €961,485 | -€55,157 | -5.4% |
| Fixed assets | 21/28 | €973,738 | €921,884 | -€51,854 | -5.3% |
| Tangible fixed assets | 22/27 | €973,738 | €921,884 | -€51,854 | -5.3% |
| Land and buildings | 22 | €971,036 | €919,507 | -€51,528 | -5.3% |
| Plant, machinery and equipment | 23 | €2,702 | €2,376 | -€326 | -12.1% |
| Current assets | 29/58 | €42,904 | €39,601 | -€3,303 | -7.7% |
| Cash at bank and in hand | 54/58 | €41,559 | €37,907 | -€3,652 | -8.8% |
| Deferred charges and accrued income | 490/1 | €1,345 | €1,694 | +€349 | +26.0% |
| Total equity and liabilities | 10/49 | €1,016,642 | €961,485 | -€55,157 | -5.4% |
| Equity | 10/15 | €615,301 | €600,982 | -€14,318 | -2.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €602,901 | €588,582 | -€14,318 | -2.4% |
| Tax-exempt reserves | 132 | €152,040 | €141,596 | -€10,443 | -6.9% |
| Distributable reserves | 133 | €450,861 | €446,986 | -€3,875 | -0.9% |
| Provisions and deferred taxes | 16 | €50,680 | €47,199 | -€3,481 | -6.9% |
| Deferred taxes | 168 | €50,680 | €47,199 | -€3,481 | -6.9% |
| Amounts payable | 17/49 | €350,661 | €313,304 | -€37,358 | -10.7% |
| Amounts payable after more than one year | 17 | €174,623 | €136,915 | -€37,708 | -21.6% |
| Financial debts | 170/4 | €174,623 | €136,915 | -€37,708 | -21.6% |
| Amounts payable within one year | 42/48 | €176,039 | €176,389 | +€351 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €36,711 | €37,708 | +€997 | +2.7% |
| Trade debts | 44 | €106 | €416 | +€309 | +290.9% |
| Suppliers | 440/4 | €106 | €416 | +€309 | +290.9% |
| Taxes, remuneration and social security | 45 | €4,000 | €3,300 | -€700 | -17.5% |
| Taxes | 450/3 | €4,000 | €3,300 | -€700 | -17.5% |
| Other amounts payable | 47/48 | €135,221 | €134,965 | -€255 | -0.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,459 | €51,854 | -€605 | -1.2% |
| Other operating charges | 640/8 | €7,582 | €7,574 | -€8 | -0.1% |
| Gross operating margin | 9900 | €61,886 | €49,383 | -€12,503 | -20.2% |
| Operating profit (loss) | 9901 | €1,845 | -€10,045 | -€11,890 | |
| Financial income | 75/76B | €99 | €100 | +€1 | +1.2% |
| Recurring financial income | 75 | €99 | €100 | +€1 | +1.2% |
| Financial charges | 65/66B | €6,270 | €4,659 | -€1,611 | -25.7% |
| Recurring financial charges | 65 | €6,270 | €4,659 | -€1,611 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,326 | -€14,604 | -€10,278 | -237.6% |
| Transfer from deferred taxes | 780 | €3,481 | €3,481 | = | 0.0% |
| Income taxes | 67/77 | €4,014 | €3,196 | -€818 | -20.4% |
| Profit (loss) for the period | 9904 | -€4,859 | -€14,318 | -€9,459 | -194.7% |
| Transfer from tax-exempt reserves | 789 | €10,443 | €10,443 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,584 | -€3,875 | -€9,460 |
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 28 September 2026 via checked.be.