EGOUTAR: 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.
EGOUTAR
Largest movements
- Receivables within one year +€54,469
up €54,469 (+58.1%), from €93,772 to €148,241
of which Trade receivables: +€47,941
- Tangible fixed assets +€16,303
up €16,303 (+39.8%), from €40,943 to €57,246
of which Leasing and similar rights: +€28,895
- Cash +€14,443
up €14,443 (+17.4%), from €82,870 to €97,313
mainly Net result for the year (+€41,315) and Trade debts (+€39,316)
- Profit (loss) carried forward +€41,315
up €41,315 (+29.9%), from €138,397 to €179,712
- Trade debts +€39,316
new in 2025: €39,316
- Tax, wage and social debts -€15,619
down €15,619 (-33.9%), from €46,016 to €30,397
of which Remuneration and social security: -€11,081
- Debts after one year +€15,045
up €15,045 (+64.3%), from €23,415 to €38,460
- Current portion of long-term debt +€8,057
up €8,057 (+94.7%), from €8,504 to €16,561
- Staff costs +€75,238
up €75,238 (+211.5%), from €35,572 to €110,810
- Gross operating margin +€20,734
up €20,734 (+11.4%), from €182,523 to €203,257
- Depreciation +€15,948
up €15,948 (+117.9%), from €13,523 to €29,471
- Taxes -€15,412
down €15,412 (-57.7%), from €26,728 to €11,316
- Financial charges +€7,750
up €7,750 (+722.3%), from €1,073 to €8,823
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 | €219,924 | €306,560 | +€86,636 | +39.4% |
| Fixed assets | 21/28 | €41,223 | €58,776 | +€17,553 | +42.6% |
| Tangible fixed assets | 22/27 | €40,943 | €57,246 | +€16,303 | +39.8% |
| Plant, machinery and equipment | 23 | €622 | €476 | -€146 | -23.5% |
| Furniture and vehicles | 24 | €40,321 | €27,875 | -€12,446 | -30.9% |
| Leasing and similar rights | 25 | - | €28,895 | +€28,895 | |
| Financial fixed assets | 28 | €280 | €1,530 | +€1,250 | +446.4% |
| Current assets | 29/58 | €178,701 | €247,784 | +€69,083 | +38.7% |
| Stocks and contracts in progress | 3 | €1,895 | €2,060 | +€165 | +8.7% |
| Stocks | 30/36 | €1,895 | €2,060 | +€165 | +8.7% |
| Amounts receivable within one year | 40/41 | €93,772 | €148,241 | +€54,469 | +58.1% |
| Trade receivables | 40 | €80,097 | €128,038 | +€47,941 | +59.9% |
| Other amounts receivable | 41 | €13,675 | €20,203 | +€6,528 | +47.7% |
| Cash at bank and in hand | 54/58 | €82,870 | €97,313 | +€14,443 | +17.4% |
| Deferred charges and accrued income | 490/1 | €164 | €170 | +€6 | +3.7% |
| Total equity and liabilities | 10/49 | €219,924 | €306,560 | +€86,636 | +39.4% |
| Equity | 10/15 | €140,397 | €181,712 | +€41,315 | +29.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,397 | €179,712 | +€41,315 | +29.9% |
| Amounts payable | 17/49 | €79,527 | €124,848 | +€45,321 | +57.0% |
| Amounts payable after more than one year | 17 | €23,415 | €38,460 | +€15,045 | +64.3% |
| Financial debts | 170/4 | €23,415 | €38,460 | +€15,045 | +64.3% |
| Amounts payable within one year | 42/48 | €56,112 | €86,388 | +€30,276 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | €8,504 | €16,561 | +€8,057 | +94.7% |
| Trade debts | 44 | - | €39,316 | +€39,316 | |
| Suppliers | 440/4 | - | €39,316 | +€39,316 | |
| Taxes, remuneration and social security | 45 | €46,016 | €30,397 | -€15,619 | -33.9% |
| Taxes | 450/3 | €27,277 | €22,739 | -€4,538 | -16.6% |
| Remuneration and social security | 454/9 | €18,739 | €7,658 | -€11,081 | -59.1% |
| Other amounts payable | 47/48 | €1,592 | €114 | -€1,478 | -92.8% |
| Remuneration, social security and pensions | 62 | €35,572 | €110,810 | +€75,238 | +211.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,523 | €29,471 | +€15,948 | +117.9% |
| Other operating charges | 640/8 | €1,572 | €1,322 | -€250 | -15.9% |
| Non-recurring operating charges | 66A | €3,000 | €200 | -€2,800 | -93.3% |
| Gross operating margin | 9900 | €182,523 | €203,257 | +€20,734 | +11.4% |
| Operating profit (loss) | 9901 | €128,856 | €61,454 | -€67,402 | -52.3% |
| Financial charges | 65/66B | €1,073 | €8,823 | +€7,750 | +722.3% |
| Recurring financial charges | 65 | €1,073 | €8,823 | +€7,750 | +722.3% |
| Profit (loss) for the period before taxes | 9903 | €127,783 | €52,631 | -€75,152 | -58.8% |
| Income taxes | 67/77 | €26,728 | €11,316 | -€15,412 | -57.7% |
| Profit (loss) for the period | 9904 | €101,055 | €41,315 | -€59,740 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €101,055 | €41,315 | -€59,740 | -59.1% |
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.