EGMAH: 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.
EGMAH
Largest movements
- Tangible fixed assets +€17,320
up €17,320 (+215%), from €8,070 to €25,390
of which Leasing and similar rights: +€24,229
- Receivables within one year -€12,460
down €12,460 (-19.8%), from €62,941 to €50,481
of which Other amounts receivable: -€6,568
- Profit (loss) carried forward +€5,070
up €5,070 (+13.4%), from €37,833 to €42,904
- Tax, wage and social debts +€2,016
up €2,016 (+76.9%), from €2,621 to €4,637
- Trade debts -€1,932
down €1,932 (-20.4%), from €9,466 to €7,534
- Turnover -€57,398
down €57,398 (-28.8%), from €198,961 to €141,563
- Purchases and services -€48,552
down €48,552 (-26.9%), from €180,201 to €131,649
- Gross operating margin +€11,489
up €11,489 (+61.2%), from €18,760 to €30,249
- Financial income -€3,908
down €3,908 (-77.2%), from €5,061 to €1,153
of which Non-recurring financial income: -€3,978
- Other operating charges +€3,327
up €3,327 (+40.4%), from €8,233 to €11,561
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.
Derived cash bridge
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 | €71,596 | €76,750 | +€5,154 | +7.2% |
| Fixed assets | 21/28 | €8,445 | €25,765 | +€17,320 | +205% |
| Tangible fixed assets | 22/27 | €8,070 | €25,390 | +€17,320 | +215% |
| Furniture and vehicles | 24 | €8,070 | €1,161 | -€6,909 | -85.6% |
| Leasing and similar rights | 25 | - | €24,229 | +€24,229 | |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €63,151 | €50,985 | -€12,166 | -19.3% |
| Amounts receivable within one year | 40/41 | €62,941 | €50,481 | -€12,460 | -19.8% |
| Trade receivables | 40 | €20,763 | €14,870 | -€5,892 | -28.4% |
| Other amounts receivable | 41 | €42,178 | €35,610 | -€6,568 | -15.6% |
| Cash at bank and in hand | 54/58 | €210 | €505 | +€294 | +140% |
| Total equity and liabilities | 10/49 | €71,596 | €76,750 | +€5,154 | +7.2% |
| Equity | 10/15 | €58,293 | €63,364 | +€5,070 | +8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €37,833 | €42,904 | +€5,070 | +13.4% |
| Amounts payable | 17/49 | €13,303 | €13,387 | +€84 | +0.6% |
| Amounts payable after more than one year | 17 | €1,216 | €1,216 | = | 0.0% |
| Financial debts | 170/4 | €1,216 | €1,216 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,087 | €12,171 | +€84 | +0.7% |
| Trade debts | 44 | €9,466 | €7,534 | -€1,932 | -20.4% |
| Suppliers | 440/4 | €9,466 | €7,534 | -€1,932 | -20.4% |
| Taxes, remuneration and social security | 45 | €2,621 | €4,637 | +€2,016 | +76.9% |
| Taxes | 450/3 | €2,621 | €4,637 | +€2,016 | +76.9% |
| Turnover | 70 | €198,961 | €141,563 | -€57,398 | -28.8% |
| Non-recurring operating income | 76A | - | €15,394 | +€15,394 | |
| Goods, raw materials, services and sundry goods | 60/61 | €180,201 | €131,649 | -€48,552 | -26.9% |
| Remuneration, social security and pensions | 62 | €69 | €89 | +€20 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,904 | €3,540 | -€1,364 | -27.8% |
| Other operating charges | 640/8 | €8,233 | €11,561 | +€3,327 | +40.4% |
| Non-recurring operating charges | 66A | - | €9,027 | +€9,027 | |
| Gross operating margin | 9900 | €18,760 | €30,249 | +€11,489 | +61.2% |
| Operating profit (loss) | 9901 | €5,554 | €6,032 | +€478 | +8.6% |
| Financial income | 75/76B | €5,061 | €1,153 | -€3,908 | -77.2% |
| Recurring financial income | 75 | €0 | €70 | +€70 | +17,933% |
| Non-recurring financial income | 76B | €5,061 | €1,083 | -€3,978 | -78.6% |
| Financial charges | 65/66B | €3,923 | €684 | -€3,238 | -82.6% |
| Recurring financial charges | 65 | €1,588 | €684 | -€903 | -56.9% |
| Non-recurring financial charges | 66B | €2,335 | - | -€2,335 | |
| Profit (loss) for the period before taxes | 9903 | €6,692 | €6,500 | -€192 | -2.9% |
| Income taxes | 67/77 | €2,568 | €1,430 | -€1,138 | -44.3% |
| Profit (loss) for the period | 9904 | €4,125 | €5,070 | +€946 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,125 | €5,070 | +€946 | +22.9% |
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 26 October 2026 via checked.be.