EGS: 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.
EGS
Largest movements
- Cash -€41,009
down €41,009 (-73.6%), from €55,730 to €14,721
mainly Net result for the year (-€20,142) and Current portion of long-term debt (-€14,112)
- Tangible fixed assets -€17,901
down €17,901 (-36.9%), from €48,506 to €30,605
of which Furniture and vehicles: -€14,775
- Receivables within one year -€11,517
down €11,517 (-36.2%), from €31,814 to €20,296
of which Trade receivables: -€16,148
- Profit (loss) carried forward -€20,142
down €20,142, from €14,246 to -€5,895
- Current portion of long-term debt -€14,112
down €14,112 (-55.9%), from €25,242 to €11,130
- Tax, wage and social debts -€13,321
down €13,321 (-97.7%), from €13,628 to €307
- Other debts -€12,000
no longer reported in 2025 (was €12,000)
- Debts after one year -€11,248
down €11,248 (-74.8%), from €15,032 to €3,783
- Gross operating margin -€69,552
down €69,552 (-95.2%), from €73,074 to €3,522
- Financial income +€963
up €963 (+4432.5%), from €22 to €985
- Other operating charges -€892
down €892 (-49.3%), from €1,808 to €916
- Financial charges -€843
down €843 (-44.5%), from €1,893 to €1,050
- Taxes +€835
new in 2025: €835
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 | €137,255 | €67,562 | -€69,693 | -50.8% |
| Fixed assets | 21/28 | €48,531 | €30,630 | -€17,901 | -36.9% |
| Tangible fixed assets | 22/27 | €48,506 | €30,605 | -€17,901 | -36.9% |
| Furniture and vehicles | 24 | €39,344 | €24,569 | -€14,775 | -37.6% |
| Other tangible fixed assets | 26 | €9,162 | €6,036 | -€3,126 | -34.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €88,724 | €36,933 | -€51,792 | -58.4% |
| Amounts receivable within one year | 40/41 | €31,814 | €20,296 | -€11,517 | -36.2% |
| Trade receivables | 40 | €16,148 | - | -€16,148 | |
| Other amounts receivable | 41 | €15,665 | €20,296 | +€4,631 | +29.6% |
| Cash at bank and in hand | 54/58 | €55,730 | €14,721 | -€41,009 | -73.6% |
| Deferred charges and accrued income | 490/1 | €1,180 | €1,915 | +€735 | +62.3% |
| Total equity and liabilities | 10/49 | €137,255 | €67,562 | -€69,693 | -50.8% |
| Equity | 10/15 | €62,445 | €42,303 | -€20,142 | -32.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | - | -€6,197 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Uncalled capital | 101 | €12,395 | - | -€12,395 | |
| Reserves | 13 | €42,001 | €42,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Tax-exempt reserves | 132 | €11,810 | €11,810 | = | 0.0% |
| Distributable reserves | 133 | €28,332 | €28,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,246 | -€5,895 | -€20,142 | |
| Amounts payable | 17/49 | €74,810 | €25,259 | -€49,551 | -66.2% |
| Amounts payable after more than one year | 17 | €15,032 | €3,783 | -€11,248 | -74.8% |
| Financial debts | 170/4 | €15,032 | €3,783 | -€11,248 | -74.8% |
| Amounts payable within one year | 42/48 | €59,778 | €21,476 | -€38,302 | -64.1% |
| Current portion of amounts payable after more than one year | 42 | €25,242 | €11,130 | -€14,112 | -55.9% |
| Trade debts | 44 | €8,909 | €10,039 | +€1,130 | +12.7% |
| Suppliers | 440/4 | €8,909 | €10,039 | +€1,130 | +12.7% |
| Taxes, remuneration and social security | 45 | €13,628 | €307 | -€13,321 | -97.7% |
| Taxes | 450/3 | €13,628 | €307 | -€13,321 | -97.7% |
| Other amounts payable | 47/48 | €12,000 | - | -€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,479 | €21,847 | +€368 | +1.7% |
| Other operating charges | 640/8 | €1,808 | €916 | -€892 | -49.3% |
| Gross operating margin | 9900 | €73,074 | €3,522 | -€69,552 | -95.2% |
| Operating profit (loss) | 9901 | €49,788 | -€19,241 | -€69,029 | |
| Financial income | 75/76B | €22 | €985 | +€963 | +4432.5% |
| Recurring financial income | 75 | €22 | €985 | +€963 | +4432.5% |
| Financial charges | 65/66B | €1,893 | €1,050 | -€843 | -44.5% |
| Recurring financial charges | 65 | €1,893 | €1,050 | -€843 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €47,917 | -€19,306 | -€67,223 | |
| Income taxes | 67/77 | - | €835 | +€835 | |
| Profit (loss) for the period | 9904 | €47,917 | -€20,142 | -€68,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,917 | -€20,142 | -€68,058 |
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 10 October 2026 via checked.be.