EGD Flexible Solutions: 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.
EGD Flexible Solutions
Largest movements
- Tangible fixed assets +€14,488
up €14,488 (+397%), from €3,648 to €18,136
of which Furniture and vehicles: +€12,832
- Cash -€5,709
down €5,709 (-30.8%), from €18,512 to €12,802
mainly Investment in fixed assets (net) (-€17,330) and Tax, wage and social debts (-€6,545)
- Formation expenses -€675
no longer reported in 2026 (was €675)
- Receivables within one year -€646
down €646 (-2.3%), from €27,542 to €26,896
of which Trade receivables: -€6,455
- Trade debts +€9,867
up €9,867 (+561%), from €1,759 to €11,626
- Tax, wage and social debts -€6,545
down €6,545 (-59.2%), from €11,059 to €4,515
of which Taxes: -€8,545
- Other debts +€4,554
up €4,554 (+346%), from €1,315 to €5,869
- Gross operating margin -€37,489
down €37,489 (-90.6%), from €41,378 to €3,889
- Taxes -€8,056
down €8,056 (-99.8%), from €8,071 to €16
- Depreciation +€3,000
up €3,000 (+581%), from €517 to €3,517
From the 2025 result to the 2026 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
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,376 | €57,834 | +€7,458 | +14.8% |
| Formation expenses | 20 | €675 | - | -€675 | |
| Fixed assets | 21/28 | €3,648 | €18,136 | +€14,488 | +397% |
| Tangible fixed assets | 22/27 | €3,648 | €18,136 | +€14,488 | +397% |
| Plant, machinery and equipment | 23 | €3,648 | €5,304 | +€1,656 | +45.4% |
| Furniture and vehicles | 24 | - | €12,832 | +€12,832 | |
| Current assets | 29/58 | €46,053 | €39,698 | -€6,355 | -13.8% |
| Amounts receivable within one year | 40/41 | €27,542 | €26,896 | -€646 | -2.3% |
| Trade receivables | 40 | €27,542 | €21,086 | -€6,455 | -23.4% |
| Other amounts receivable | 41 | - | €5,810 | +€5,810 | |
| Cash at bank and in hand | 54/58 | €18,512 | €12,802 | -€5,709 | -30.8% |
| Total equity and liabilities | 10/49 | €50,376 | €57,834 | +€7,458 | +14.8% |
| Equity | 10/15 | €36,243 | €35,824 | -€418 | -1.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,243 | €31,824 | -€418 | -1.3% |
| Amounts payable | 17/49 | €14,134 | €22,010 | +€7,876 | +55.7% |
| Amounts payable within one year | 42/48 | €14,134 | €22,010 | +€7,876 | +55.7% |
| Trade debts | 44 | €1,759 | €11,626 | +€9,867 | +561% |
| Suppliers | 440/4 | €1,759 | €11,626 | +€9,867 | +561% |
| Taxes, remuneration and social security | 45 | €11,059 | €4,515 | -€6,545 | -59.2% |
| Taxes | 450/3 | €9,059 | €515 | -€8,545 | -94.3% |
| Remuneration and social security | 454/9 | €2,000 | €4,000 | +€2,000 | +100% |
| Other amounts payable | 47/48 | €1,315 | €5,869 | +€4,554 | +346% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €517 | €3,517 | +€3,000 | +581% |
| Other operating charges | 640/8 | €547 | €676 | +€129 | +23.5% |
| Gross operating margin | 9900 | €41,378 | €3,889 | -€37,489 | -90.6% |
| Operating profit (loss) | 9901 | €40,314 | -€304 | -€40,618 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €0 | €100 | +€99 | +66,253% |
| Recurring financial charges | 65 | €0 | €100 | +€99 | +66,253% |
| Profit (loss) for the period before taxes | 9903 | €40,314 | -€403 | -€40,717 | |
| Income taxes | 67/77 | €8,071 | €16 | -€8,056 | -99.8% |
| Profit (loss) for the period | 9904 | €32,243 | -€418 | -€32,661 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,243 | -€418 | -€32,661 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.