EGAO: 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.
EGAO
Largest movements
- Tangible fixed assets -€31,053
down €31,053 (-8.9%), from €349,751 to €318,699
of which Land and buildings: -€16,998
- Receivables within one year -€22,927
down €22,927 (-100%), from €22,927 to €0
of which Trade receivables: -€22,927
- Cash -€20,295
down €20,295 (-78.1%), from €25,979 to €5,684
- Profit (loss) carried forward -€66,676
down €66,676, from €63,495 to -€3,181
- Other debts +€49,339
up €49,339 (+394%), from €12,514 to €61,853
- Debts after one year -€37,139
down €37,139 (-15.0%), from €247,405 to €210,266
- Tax, wage and social debts -€16,463
down €16,463 (-92.9%), from €17,727 to €1,263
of which Taxes: -€16,463
- Current portion of long-term debt -€4,187
down €4,187 (-18.3%), from €22,907 to €18,719
- Gross operating margin -€61,933
down €61,933, from €55,772 to -€6,161
- Taxes -€5,211
down €5,211 (-99.1%), from €5,259 to €48
- Depreciation +€886
up €886 (+3.9%), from €22,692 to €23,578
- Financial charges -€583
down €583 (-11.5%), from €5,072 to €4,489
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €399,559 | €324,383 | -€75,176 | -18.8% |
| Fixed assets | 21/28 | €349,751 | €318,699 | -€31,053 | -8.9% |
| Tangible fixed assets | 22/27 | €349,751 | €318,699 | -€31,053 | -8.9% |
| Land and buildings | 22 | €327,707 | €310,709 | -€16,998 | -5.2% |
| Plant, machinery and equipment | 23 | €18,915 | €7,124 | -€11,790 | -62.3% |
| Furniture and vehicles | 24 | €3,130 | €865 | -€2,264 | -72.4% |
| Current assets | 29/58 | €49,808 | €5,684 | -€44,123 | -88.6% |
| Amounts receivable within one year | 40/41 | €22,927 | €0 | -€22,927 | -100% |
| Trade receivables | 40 | €22,927 | €0 | -€22,927 | -100% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €25,979 | €5,684 | -€20,295 | -78.1% |
| Deferred charges and accrued income | 490/1 | €901 | €0 | -€901 | -100% |
| Total equity and liabilities | 10/49 | €399,559 | €324,383 | -€75,176 | -18.8% |
| Equity | 10/15 | €98,955 | €32,279 | -€66,676 | -67.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,495 | -€3,181 | -€66,676 | |
| Amounts payable | 17/49 | €300,604 | €292,104 | -€8,500 | -2.8% |
| Amounts payable after more than one year | 17 | €247,405 | €210,266 | -€37,139 | -15.0% |
| Financial debts | 170/4 | €247,405 | €210,266 | -€37,139 | -15.0% |
| Amounts payable within one year | 42/48 | €53,199 | €81,838 | +€28,639 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | €22,907 | €18,719 | -€4,187 | -18.3% |
| Trade debts | 44 | €51 | €2 | -€49 | -96.5% |
| Suppliers | 440/4 | €51 | €2 | -€49 | -96.5% |
| Taxes, remuneration and social security | 45 | €17,727 | €1,263 | -€16,463 | -92.9% |
| Taxes | 450/3 | €17,727 | €1,263 | -€16,463 | -92.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,514 | €61,853 | +€49,339 | +394% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,692 | €23,578 | +€886 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €470 | - | -€470 | |
| Other operating charges | 640/8 | €1,748 | €1,891 | +€143 | +8.2% |
| Gross operating margin | 9900 | €55,772 | -€6,161 | -€61,933 | |
| Operating profit (loss) | 9901 | €30,862 | -€31,630 | -€62,492 | |
| Financial income | 75/76B | €0 | €10 | +€10 | +49,900% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +49,900% |
| Financial charges | 65/66B | €5,072 | €4,489 | -€583 | -11.5% |
| Recurring financial charges | 65 | €5,072 | €4,489 | -€583 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €25,790 | -€36,108 | -€61,899 | |
| Income taxes | 67/77 | €5,259 | €48 | -€5,211 | -99.1% |
| Profit (loss) for the period | 9904 | €20,531 | -€36,157 | -€56,688 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,531 | -€36,157 | -€56,688 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.