Egret: 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.
Egret
Largest movements
- Cash +€1.0m
up €1.0m (+213%), from €488,634 to €1.5m
mainly Net result for the year (+€1.1m) and Current investments (+€190,044)
- Tangible fixed assets +€200,514
up €200,514 (+67.9%), from €295,204 to €495,718
of which Furniture and vehicles: +€208,510
- Current investments -€190,044
down €190,044 (-42.5%), from €447,544 to €257,500
- Reserves +€1.1m
up €1.1m (+30.8%), from €3.6m to €4.7m
- Other debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tax, wage and social debts +€89,578
up €89,578 (+38.4%), from €233,013 to €322,591
- Gross operating margin +€380,043
up €380,043 (+32.7%), from €1.2m to €1.5m
- Taxes +€121,876
up €121,876 (+30.3%), from €402,694 to €524,570
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 | €4,006,524 | €5,073,813 | +€1.1m | +26.6% |
| Fixed assets | 21/28 | €298,049 | €498,563 | +€200,514 | +67.3% |
| Tangible fixed assets | 22/27 | €295,204 | €495,718 | +€200,514 | +67.9% |
| Furniture and vehicles | 24 | €264,625 | €473,136 | +€208,510 | +78.8% |
| Other tangible fixed assets | 26 | €30,579 | €22,583 | -€7,996 | -26.2% |
| Financial fixed assets | 28 | €2,845 | €2,845 | = | 0.0% |
| Current assets | 29/58 | €3,708,475 | €4,575,250 | +€866,775 | +23.4% |
| Amounts receivable within one year | 40/41 | €2,764,016 | €2,778,556 | +€14,540 | +0.5% |
| Trade receivables | 40 | €37 | €0 | -€37 | -100% |
| Other amounts receivable | 41 | €2,763,979 | €2,778,556 | +€14,577 | +0.5% |
| Current investments | 50/53 | €447,544 | €257,500 | -€190,044 | -42.5% |
| Cash at bank and in hand | 54/58 | €488,634 | €1,530,568 | +€1.0m | +213% |
| Deferred charges and accrued income | 490/1 | €8,280 | €8,626 | +€345 | +4.2% |
| Total equity and liabilities | 10/49 | €4,006,524 | €5,073,813 | +€1.1m | +26.6% |
| Equity | 10/15 | €3,607,264 | €4,712,609 | +€1.1m | +30.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,586,296 | €4,691,641 | +€1.1m | +30.8% |
| Distributable reserves | 133 | €3,586,296 | €4,691,641 | +€1.1m | +30.8% |
| Profit (loss) carried forward | 14 | €8,567 | €8,567 | = | 0.0% |
| Amounts payable | 17/49 | €399,260 | €361,204 | -€38,056 | -9.5% |
| Amounts payable within one year | 42/48 | €376,855 | €330,588 | -€46,267 | -12.3% |
| Financial debts | 43 | - | €5,686 | +€5,686 | |
| Credit institutions | 430/8 | - | €5,686 | +€5,686 | |
| Trade debts | 44 | €43,841 | €2,311 | -€41,530 | -94.7% |
| Suppliers | 440/4 | €43,841 | €2,311 | -€41,530 | -94.7% |
| Taxes, remuneration and social security | 45 | €233,013 | €322,591 | +€89,578 | +38.4% |
| Taxes | 450/3 | €233,013 | €322,591 | +€89,578 | +38.4% |
| Other amounts payable | 47/48 | €100,000 | €0 | -€100,000 | -100% |
| Accrued charges and deferred income | 492/3 | €22,406 | €30,617 | +€8,211 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,607 | €41,013 | +€406 | +1.0% |
| Other operating charges | 640/8 | €3,123 | €3,334 | +€211 | +6.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,163,526 | €1,543,569 | +€380,043 | +32.7% |
| Operating profit (loss) | 9901 | €1,119,796 | €1,499,222 | +€379,426 | +33.9% |
| Financial income | 75/76B | €127,687 | €129,742 | +€2,055 | +1.6% |
| Recurring financial income | 75 | €127,687 | €129,742 | +€2,055 | +1.6% |
| Financial charges | 65/66B | €433 | -€951 | -€1,384 | |
| Recurring financial charges | 65 | €433 | -€951 | -€1,384 | |
| Profit (loss) for the period before taxes | 9903 | €1,247,050 | €1,629,915 | +€382,865 | +30.7% |
| Income taxes | 67/77 | €402,694 | €524,570 | +€121,876 | +30.3% |
| Profit (loss) for the period | 9904 | €844,355 | €1,105,345 | +€260,990 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €844,355 | €1,105,345 | +€260,990 | +30.9% |
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 25 October 2026 via checked.be.