EGS IT: what changed
Two fiscal 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 IT
Largest movements
- Tangible fixed assets +€329,814
up €329,814 (+700.1%), from €47,111 to €376,925
of which Land and buildings: +€340,178
- Cash -€59,579
down €59,579 (-41.6%), from €143,079 to €83,501
mainly Investment in fixed assets (net) (-€389,676) and Tax, wage and social debts (-€6,887)
- Debts after one year +€238,440
up €238,440 (+944.7%), from €25,240 to €263,680
- Reserves +€24,800
up €24,800 (+22.2%), from €111,900 to €136,700
- Current portion of long-term debt +€14,208
up €14,208 (+116.3%), from €12,217 to €26,425
- Tax, wage and social debts -€6,887
down €6,887 (-17.7%), from €38,895 to €32,009
- Depreciation +€48,196
up €48,196 (+413.1%), from €11,666 to €59,862
- Taxes -€8,923
down €8,923 (-54.4%), from €16,407 to €7,484
- Gross operating margin +€6,642
up €6,642 (+7.3%), from €91,477 to €98,119
- Financial charges +€3,293
up €3,293 (+138.8%), from €2,373 to €5,666
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 | €192,008 | €462,893 | +€270,885 | +141.1% |
| Fixed assets | 21/28 | €47,361 | €377,175 | +€329,814 | +696.4% |
| Tangible fixed assets | 22/27 | €47,111 | €376,925 | +€329,814 | +700.1% |
| Land and buildings | 22 | - | €340,178 | +€340,178 | |
| Plant, machinery and equipment | 23 | €1,174 | €883 | -€291 | -24.8% |
| Furniture and vehicles | 24 | €45,937 | €35,864 | -€10,073 | -21.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €144,647 | €85,718 | -€58,929 | -40.7% |
| Amounts receivable within one year | 40/41 | €4 | €603 | +€599 | +13455.1% |
| Trade receivables | 40 | €0 | €603 | +€603 | |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100.0% |
| Cash at bank and in hand | 54/58 | €143,079 | €83,501 | -€59,579 | -41.6% |
| Deferred charges and accrued income | 490/1 | €1,564 | €1,615 | +€51 | +3.3% |
| Total equity and liabilities | 10/49 | €192,008 | €462,893 | +€270,885 | +141.1% |
| Equity | 10/15 | €114,957 | €139,751 | +€24,794 | +21.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €111,900 | €136,700 | +€24,800 | +22.2% |
| Distributable reserves | 133 | €111,900 | €136,700 | +€24,800 | +22.2% |
| Profit (loss) carried forward | 14 | €57 | €51 | -€6 | -10.7% |
| Amounts payable | 17/49 | €77,051 | €323,142 | +€246,091 | +319.4% |
| Amounts payable after more than one year | 17 | €25,240 | €263,680 | +€238,440 | +944.7% |
| Financial debts | 170/4 | €25,240 | €263,680 | +€238,440 | +944.7% |
| Amounts payable within one year | 42/48 | €51,811 | €59,462 | +€7,651 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €12,217 | €26,425 | +€14,208 | +116.3% |
| Trade debts | 44 | €320 | €742 | +€422 | +131.9% |
| Suppliers | 440/4 | €320 | €742 | +€422 | +131.9% |
| Taxes, remuneration and social security | 45 | €38,895 | €32,009 | -€6,887 | -17.7% |
| Taxes | 450/3 | €38,895 | €32,009 | -€6,887 | -17.7% |
| Other amounts payable | 47/48 | €379 | €287 | -€93 | -24.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,666 | €59,862 | +€48,196 | +413.1% |
| Other operating charges | 640/8 | €119 | €390 | +€272 | +228.6% |
| Gross operating margin | 9900 | €91,477 | €98,119 | +€6,642 | +7.3% |
| Operating profit (loss) | 9901 | €79,692 | €37,866 | -€41,826 | -52.5% |
| Financial income | 75/76B | €118 | €78 | -€40 | -33.8% |
| Recurring financial income | 75 | €118 | €78 | -€40 | -33.8% |
| Financial charges | 65/66B | €2,373 | €5,666 | +€3,293 | +138.8% |
| Recurring financial charges | 65 | €2,373 | €5,666 | +€3,293 | +138.8% |
| Profit (loss) for the period before taxes | 9903 | €77,437 | €32,278 | -€45,159 | -58.3% |
| Income taxes | 67/77 | €16,407 | €7,484 | -€8,923 | -54.4% |
| Profit (loss) for the period | 9904 | €61,030 | €24,794 | -€36,236 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,030 | €24,794 | -€36,236 | -59.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.