EGT MANAGEMENT: 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.
EGT MANAGEMENT
Largest movements
- Cash -€46,956
down €46,956 (-88.6%), from €53,005 to €6,049
mainly Debts after one year (-€39,778) and Investment in fixed assets (net) (-€30,473)
- Receivables within one year -€25,577
down €25,577 (-99.5%), from €25,697 to €120
of which Other amounts receivable: -€12,993
- Debts after one year -€39,778
down €39,778 (-30.1%), from €132,047 to €92,269
- Other debts +€25,238
new in 2024: €25,238
- Tax, wage and social debts -€25,156
down €25,156 (-75.1%), from €33,493 to €8,336
of which Taxes: -€27,188
- Profit (loss) carried forward -€23,161
down €23,161 (-45.7%), from €50,661 to €27,499
- Gross operating margin -€41,064
down €41,064 (-75.0%), from €54,788 to €13,723
- Taxes -€7,325
down €7,325 (-99.2%), from €7,384 to €59
- Other operating charges +€2,683
up €2,683 (+109%), from €2,466 to €5,149
- Depreciation -€2,560
down €2,560 (-8.3%), from €30,842 to €28,282
- Staff costs -€1,732
down €1,732 (-90.2%), from €1,921 to €189
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €445,987 | €375,685 | -€70,303 | -15.8% |
| Fixed assets | 21/28 | €367,220 | €369,410 | +€2,190 | +0.6% |
| Tangible fixed assets | 22/27 | €367,111 | €369,302 | +€2,190 | +0.6% |
| Land and buildings | 22 | €347,713 | €344,001 | -€3,711 | -1.1% |
| Plant, machinery and equipment | 23 | €8,984 | €5,984 | -€3,000 | -33.4% |
| Furniture and vehicles | 24 | €8,232 | €19,170 | +€10,938 | +133% |
| Other tangible fixed assets | 26 | €2,183 | €146 | -€2,037 | -93.3% |
| Financial fixed assets | 28 | €108 | €108 | = | 0.0% |
| Current assets | 29/58 | €78,768 | €6,275 | -€72,493 | -92.0% |
| Amounts receivable within one year | 40/41 | €25,697 | €120 | -€25,577 | -99.5% |
| Trade receivables | 40 | €12,584 | - | -€12,584 | |
| Other amounts receivable | 41 | €13,113 | €120 | -€12,993 | -99.1% |
| Cash at bank and in hand | 54/58 | €53,005 | €6,049 | -€46,956 | -88.6% |
| Deferred charges and accrued income | 490/1 | €66 | €106 | +€40 | +60.7% |
| Total equity and liabilities | 10/49 | €445,987 | €375,685 | -€70,303 | -15.8% |
| Equity | 10/15 | €228,521 | €205,359 | -€23,161 | -10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €171,660 | €171,660 | = | 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% |
| Tax-exempt reserves | 132 | €27,800 | €27,800 | = | 0.0% |
| Distributable reserves | 133 | €142,000 | €142,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,661 | €27,499 | -€23,161 | -45.7% |
| Amounts payable | 17/49 | €217,467 | €170,325 | -€47,141 | -21.7% |
| Amounts payable after more than one year | 17 | €132,047 | €92,269 | -€39,778 | -30.1% |
| Financial debts | 170/4 | €132,047 | €92,269 | -€39,778 | -30.1% |
| Amounts payable within one year | 42/48 | €85,420 | €78,056 | -€7,363 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €46,376 | €43,369 | -€3,006 | -6.5% |
| Trade debts | 44 | €5,551 | €1,112 | -€4,439 | -80.0% |
| Suppliers | 440/4 | €5,551 | €1,112 | -€4,439 | -80.0% |
| Taxes, remuneration and social security | 45 | €33,493 | €8,336 | -€25,156 | -75.1% |
| Taxes | 450/3 | €33,493 | €6,304 | -€27,188 | -81.2% |
| Remuneration and social security | 454/9 | - | €2,032 | +€2,032 | |
| Other amounts payable | 47/48 | - | €25,238 | +€25,238 | |
| Remuneration, social security and pensions | 62 | €1,921 | €189 | -€1,732 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,842 | €28,282 | -€2,560 | -8.3% |
| Other operating charges | 640/8 | €2,466 | €5,149 | +€2,683 | +109% |
| Gross operating margin | 9900 | €54,788 | €13,723 | -€41,064 | -75.0% |
| Operating profit (loss) | 9901 | €19,559 | -€19,897 | -€39,457 | |
| Financial income | 75/76B | €644 | €1 | -€643 | -99.8% |
| Recurring financial income | 75 | €644 | €1 | -€643 | -99.8% |
| Financial charges | 65/66B | €3,982 | €3,206 | -€776 | -19.5% |
| Recurring financial charges | 65 | €3,982 | €3,206 | -€776 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €16,222 | -€23,102 | -€39,324 | |
| Income taxes | 67/77 | €7,384 | €59 | -€7,325 | -99.2% |
| Profit (loss) for the period | 9904 | €8,838 | -€23,161 | -€31,999 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,838 | -€23,161 | -€31,999 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.