EGCP: 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.
EGCP
Largest movements
- Cash -€51,889
down €51,889 (-20.5%), from €253,123 to €201,234
mainly Contributions, distributions and other (-€30,104) and Tax, wage and social debts (-€25,062)
- Tangible fixed assets -€4,500
down €4,500 (-35.1%), from €12,810 to €8,310
- Tax, wage and social debts -€25,062
down €25,062 (-73.7%), from €33,985 to €8,923
- Reserves -€15,108
down €15,108 (-13.8%), from €109,342 to €94,234
- Trade debts -€14,937
down €14,937 (-57.6%), from €25,911 to €10,974
- Gross operating margin -€23,234
down €23,234 (-46.0%), from €50,535 to €27,301
- Taxes -€8,457
down €8,457 (-51.8%), from €16,323 to €7,866
- Depreciation +€3,809
up €3,809 (+551.8%), from €690 to €4,500
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 | €276,642 | €222,620 | -€54,022 | -19.5% |
| Fixed assets | 21/28 | €12,810 | €8,310 | -€4,500 | -35.1% |
| Tangible fixed assets | 22/27 | €12,810 | €8,310 | -€4,500 | -35.1% |
| Furniture and vehicles | 24 | €12,810 | €8,310 | -€4,500 | -35.1% |
| Current assets | 29/58 | €263,833 | €214,310 | -€49,522 | -18.8% |
| Amounts receivable within one year | 40/41 | €10,220 | €12,221 | +€2,001 | +19.6% |
| Trade receivables | 40 | €3,727 | €12,221 | +€8,494 | +227.9% |
| Other amounts receivable | 41 | €6,494 | - | -€6,494 | |
| Cash at bank and in hand | 54/58 | €253,123 | €201,234 | -€51,889 | -20.5% |
| Deferred charges and accrued income | 490/1 | €489 | €855 | +€366 | +74.9% |
| Total equity and liabilities | 10/49 | €276,642 | €222,620 | -€54,022 | -19.5% |
| Equity | 10/15 | €207,050 | €191,943 | -€15,108 | -7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,342 | €94,234 | -€15,108 | -13.8% |
| Distributable reserves | 133 | €109,342 | €94,234 | -€15,108 | -13.8% |
| Profit (loss) carried forward | 14 | €79,108 | €79,108 | = | 0.0% |
| Amounts payable | 17/49 | €69,592 | €30,678 | -€38,914 | -55.9% |
| Amounts payable within one year | 42/48 | €69,592 | €30,678 | -€38,914 | -55.9% |
| Trade debts | 44 | €25,911 | €10,974 | -€14,937 | -57.6% |
| Suppliers | 440/4 | €25,911 | €10,974 | -€14,937 | -57.6% |
| Taxes, remuneration and social security | 45 | €33,985 | €8,923 | -€25,062 | -73.7% |
| Taxes | 450/3 | €33,985 | €8,923 | -€25,062 | -73.7% |
| Other amounts payable | 47/48 | €9,696 | €10,781 | +€1,085 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €4,500 | +€3,809 | +551.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €50,535 | €27,301 | -€23,234 | -46.0% |
| Operating profit (loss) | 9901 | €49,457 | €22,401 | -€27,056 | -54.7% |
| Financial income | 75/76B | €1,056 | €884 | -€172 | -16.3% |
| Recurring financial income | 75 | €1,056 | €884 | -€172 | -16.3% |
| Financial charges | 65/66B | €277 | €424 | +€147 | +53.1% |
| Recurring financial charges | 65 | €277 | €424 | +€147 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €50,237 | €22,862 | -€27,375 | -54.5% |
| Income taxes | 67/77 | €16,323 | €7,866 | -€8,457 | -51.8% |
| Profit (loss) for the period | 9904 | €33,914 | €14,996 | -€18,918 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,914 | €14,996 | -€18,918 | -55.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.