EGW: 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.
EGW
Largest movements
- Cash +€23,673
up €23,673 (+152.3%), from €15,540 to €39,213
mainly Net result for the year (+€36,306) and Receivables within one year (+€10,688)
- Receivables within one year -€10,688
down €10,688 (-50.0%), from €21,377 to €10,688
- Reserves +€36,306
up €36,306 (+144.9%), from €25,064 to €61,370
- Debts after one year -€27,089
down €27,089 (-5.4%), from €502,816 to €475,727
- Gross operating margin +€14,489
up €14,489 (+35.2%), from €41,179 to €55,668
- Taxes +€2,810
up €2,810 (+44.9%), from €6,266 to €9,076
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €586,917 | €599,902 | +€12,985 | +2.2% |
| Fixed assets | 21/28 | €550,000 | €550,000 | = | 0.0% |
| Financial fixed assets | 28 | €550,000 | €550,000 | = | 0.0% |
| Current assets | 29/58 | €36,917 | €49,902 | +€12,985 | +35.2% |
| Amounts receivable within one year | 40/41 | €21,377 | €10,688 | -€10,688 | -50.0% |
| Trade receivables | 40 | €21,377 | €10,688 | -€10,688 | -50.0% |
| Cash at bank and in hand | 54/58 | €15,540 | €39,213 | +€23,673 | +152.3% |
| Total equity and liabilities | 10/49 | €586,917 | €599,902 | +€12,985 | +2.2% |
| Equity | 10/15 | €40,064 | €76,370 | +€36,306 | +90.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €25,064 | €61,370 | +€36,306 | +144.9% |
| Distributable reserves | 133 | €25,064 | €61,370 | +€36,306 | +144.9% |
| Amounts payable | 17/49 | €546,852 | €523,532 | -€23,321 | -4.3% |
| Amounts payable after more than one year | 17 | €502,816 | €475,727 | -€27,089 | -5.4% |
| Financial debts | 170/4 | €502,816 | €475,727 | -€27,089 | -5.4% |
| Amounts payable within one year | 42/48 | €44,036 | €47,804 | +€3,768 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €26,125 | €27,089 | +€964 | +3.7% |
| Trade debts | 44 | €36 | €36 | = | 0.0% |
| Suppliers | 440/4 | €36 | €36 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,875 | €20,679 | +€2,804 | +15.7% |
| Taxes | 450/3 | €14,820 | €14,616 | -€204 | -1.4% |
| Remuneration and social security | 454/9 | €3,055 | €6,063 | +€3,008 | +98.5% |
| Other operating charges | 640/8 | €387 | €528 | +€140 | +36.2% |
| Gross operating margin | 9900 | €41,179 | €55,668 | +€14,489 | +35.2% |
| Operating profit (loss) | 9901 | €40,791 | €55,140 | +€14,349 | +35.2% |
| Financial charges | 65/66B | €9,461 | €9,758 | +€297 | +3.1% |
| Recurring financial charges | 65 | €9,461 | €9,758 | +€297 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €31,330 | €45,382 | +€14,052 | +44.9% |
| Income taxes | 67/77 | €6,266 | €9,076 | +€2,810 | +44.9% |
| Profit (loss) for the period | 9904 | €25,064 | €36,306 | +€11,242 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,064 | €36,306 | +€11,242 | +44.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.