EI-GOED: 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.
EI-GOED
Largest movements
- Cash +€273,077
up €273,077 (+79.9%), from €341,888 to €614,965
mainly Net result for the year (+€338,052) and Current investments (+€73,032)
- Receivables within one year +€137,040
up €137,040 (+385.8%), from €35,517 to €172,557
of which Trade receivables: +€137,040
- Current investments -€73,032
down €73,032 (-22.5%), from €325,000 to €251,968
- Tangible fixed assets -€14,307
down €14,307 (-56.0%), from €25,547 to €11,240
of which Furniture and vehicles: -€11,100
- Reserves +€338,052
up €338,052 (+53.3%), from €633,999 to €972,051
- Trade debts -€62,412
down €62,412 (-95.7%), from €65,206 to €2,794
- Advances received +€25,170
new in 2025: €25,170
- Tax, wage and social debts +€21,225
up €21,225 (+54.5%), from €38,927 to €60,152
- Gross operating margin +€140,945
up €140,945 (+39.0%), from €361,643 to €502,588
- Taxes +€42,892
up €42,892 (+37.6%), from €113,961 to €156,854
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 | €759,448 | €1,081,483 | +€322,035 | +42.4% |
| Fixed assets | 21/28 | €25,547 | €11,240 | -€14,307 | -56.0% |
| Tangible fixed assets | 22/27 | €25,547 | €11,240 | -€14,307 | -56.0% |
| Plant, machinery and equipment | 23 | €7,970 | €4,762 | -€3,207 | -40.2% |
| Furniture and vehicles | 24 | €17,578 | €6,478 | -€11,100 | -63.1% |
| Current assets | 29/58 | €733,901 | €1,070,243 | +€336,343 | +45.8% |
| Stocks and contracts in progress | 3 | €30,380 | €29,580 | -€800 | -2.6% |
| Stocks | 30/36 | €30,380 | €29,580 | -€800 | -2.6% |
| Amounts receivable within one year | 40/41 | €35,517 | €172,557 | +€137,040 | +385.8% |
| Trade receivables | 40 | €35,517 | €172,557 | +€137,040 | +385.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €325,000 | €251,968 | -€73,032 | -22.5% |
| Cash at bank and in hand | 54/58 | €341,888 | €614,965 | +€273,077 | +79.9% |
| Deferred charges and accrued income | 490/1 | €1,116 | €1,174 | +€57 | +5.1% |
| Total equity and liabilities | 10/49 | €759,448 | €1,081,483 | +€322,035 | +42.4% |
| Equity | 10/15 | €653,999 | €992,051 | +€338,052 | +51.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €633,999 | €972,051 | +€338,052 | +53.3% |
| Distributable reserves | 133 | €633,999 | €972,051 | +€338,052 | +53.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €105,449 | €89,432 | -€16,017 | -15.2% |
| Amounts payable within one year | 42/48 | €105,449 | €89,432 | -€16,017 | -15.2% |
| Trade debts | 44 | €65,206 | €2,794 | -€62,412 | -95.7% |
| Suppliers | 440/4 | €65,206 | €2,794 | -€62,412 | -95.7% |
| Advances received on contracts in progress | 46 | - | €25,170 | +€25,170 | |
| Taxes, remuneration and social security | 45 | €38,927 | €60,152 | +€21,225 | +54.5% |
| Taxes | 450/3 | €38,927 | €60,152 | +€21,225 | +54.5% |
| Other amounts payable | 47/48 | €1,317 | €1,317 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,307 | €14,307 | = | 0.0% |
| Other operating charges | 640/8 | €428 | €773 | +€345 | +80.7% |
| Gross operating margin | 9900 | €361,643 | €502,588 | +€140,945 | +39.0% |
| Operating profit (loss) | 9901 | €346,908 | €487,508 | +€140,600 | +40.5% |
| Financial income | 75/76B | €6,826 | €7,740 | +€914 | +13.4% |
| Recurring financial income | 75 | €6,826 | €7,740 | +€914 | +13.4% |
| Financial charges | 65/66B | €54 | €342 | +€288 | +534.1% |
| Recurring financial charges | 65 | €54 | €342 | +€288 | +534.1% |
| Profit (loss) for the period before taxes | 9903 | €353,680 | €494,906 | +€141,225 | +39.9% |
| Income taxes | 67/77 | €113,961 | €156,854 | +€42,892 | +37.6% |
| Profit (loss) for the period | 9904 | €239,719 | €338,052 | +€98,333 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €239,719 | €338,052 | +€98,333 | +41.0% |
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 8 October 2026 via checked.be.