EGU PROJECT 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.
EGU PROJECT MANAGEMENT
Largest movements
- Receivables within one year +€59,657
up €59,657 (+50.6%), from €117,963 to €177,620
of which Other amounts receivable: +€36,783
- Cash -€3,787
down €3,787 (-27.5%), from €13,769 to €9,983
mainly Receivables within one year (-€59,657) and Trade debts (-€762)
- Reserves +€32,000
up €32,000 (+32.7%), from €98,000 to €130,000
- Other debts +€25,481
new in 2025: €25,481
- Purchases and services -€8,975
down €8,975 (-11.4%), from €78,412 to €69,437
- Gross operating margin +€7,557
up €7,557 (+18.4%), from €41,106 to €48,663
- Taxes +€3,083
up €3,083 (+27.7%), from €11,120 to €14,203
- Turnover -€1,418
down €1,418 (-1.2%), from €119,518 to €118,100
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 | €131,880 | €188,285 | +€56,405 | +42.8% |
| Fixed assets | 21/28 | €0 | €532 | +€532 | |
| Tangible fixed assets | 22/27 | €0 | €532 | +€532 | |
| Furniture and vehicles | 24 | €0 | €532 | +€532 | |
| Current assets | 29/58 | €131,880 | €187,753 | +€55,873 | +42.4% |
| Amounts receivable within one year | 40/41 | €117,963 | €177,620 | +€59,657 | +50.6% |
| Trade receivables | 40 | €7,963 | €30,836 | +€22,874 | +287% |
| Other amounts receivable | 41 | €110,001 | €146,784 | +€36,783 | +33.4% |
| Cash at bank and in hand | 54/58 | €13,769 | €9,983 | -€3,787 | -27.5% |
| Deferred charges and accrued income | 490/1 | €148 | €150 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €131,880 | €188,285 | +€56,405 | +42.8% |
| Equity | 10/15 | €103,837 | €135,990 | +€32,152 | +31.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €98,000 | €130,000 | +€32,000 | +32.7% |
| Distributable reserves | 133 | €98,000 | €130,000 | +€32,000 | +32.7% |
| Profit (loss) carried forward | 14 | €837 | €990 | +€152 | +18.2% |
| Amounts payable | 17/49 | €28,043 | €52,296 | +€24,253 | +86.5% |
| Amounts payable within one year | 42/48 | €28,043 | €52,296 | +€24,253 | +86.5% |
| Trade debts | 44 | €2,486 | €1,724 | -€762 | -30.7% |
| Suppliers | 440/4 | €2,486 | €1,724 | -€762 | -30.7% |
| Taxes, remuneration and social security | 45 | €25,557 | €25,091 | -€466 | -1.8% |
| Taxes | 450/3 | €25,557 | €25,091 | -€466 | -1.8% |
| Other amounts payable | 47/48 | - | €25,481 | +€25,481 | |
| Turnover | 70 | €119,518 | €118,100 | -€1,418 | -1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €78,412 | €69,437 | -€8,975 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €817 | €24 | -€793 | -97.1% |
| Other operating charges | 640/8 | €974 | €948 | -€27 | -2.7% |
| Gross operating margin | 9900 | €41,106 | €48,663 | +€7,557 | +18.4% |
| Operating profit (loss) | 9901 | €39,314 | €47,691 | +€8,377 | +21.3% |
| Financial income | 75/76B | €20 | €9 | -€11 | -54.0% |
| Recurring financial income | 75 | €20 | €9 | -€11 | -54.0% |
| Financial charges | 65/66B | €1,331 | €1,345 | +€14 | +1.1% |
| Recurring financial charges | 65 | €1,331 | €1,345 | +€14 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €38,003 | €46,355 | +€8,352 | +22.0% |
| Income taxes | 67/77 | €11,120 | €14,203 | +€3,083 | +27.7% |
| Profit (loss) for the period | 9904 | €26,883 | €32,152 | +€5,269 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,883 | €32,152 | +€5,269 | +19.6% |
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 14 October 2026 via checked.be.