Einstein: 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.
Einstein
Largest movements
- Receivables within one year +€75,717
new in 2025: €75,717
- Cash -€4,303
down €4,303 (-30.4%), from €14,159 to €9,856
mainly Receivables within one year (-€75,717) and Net result for the year (-€3,986)
- Debts after one year +€75,000
up €75,000 (+60.0%), from €125,000 to €200,000
- Profit (loss) carried forward -€3,986
down €3,986 (-21.2%), from -€18,841 to -€22,828
- Other operating charges -€11,191
down €11,191 (-93.3%), from €11,995 to €804
- Gross operating margin +€5,103
up €5,103, from -€4,834 to €269
- Financial charges +€1,439
up €1,439 (+71.5%), from €2,012 to €3,451
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 | €108,159 | €179,572 | +€71,413 | +66.0% |
| Current assets | 29/58 | €108,159 | €179,572 | +€71,413 | +66.0% |
| Stocks and contracts in progress | 3 | €93,000 | €93,000 | = | 0.0% |
| Stocks | 30/36 | €93,000 | €93,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €75,717 | +€75,717 | |
| Trade receivables | 40 | - | €75,717 | +€75,717 | |
| Cash at bank and in hand | 54/58 | €14,159 | €9,856 | -€4,303 | -30.4% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €108,159 | €179,572 | +€71,413 | +66.0% |
| Equity | 10/15 | -€16,841 | -€20,828 | -€3,986 | -23.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,841 | -€22,828 | -€3,986 | -21.2% |
| Amounts payable | 17/49 | €125,000 | €200,400 | +€75,400 | +60.3% |
| Amounts payable after more than one year | 17 | €125,000 | €200,000 | +€75,000 | +60.0% |
| Financial debts | 170/4 | €125,000 | €200,000 | +€75,000 | +60.0% |
| Amounts payable within one year | 42/48 | - | €400 | +€400 | |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Other operating charges | 640/8 | €11,995 | €804 | -€11,191 | -93.3% |
| Gross operating margin | 9900 | -€4,834 | €269 | +€5,103 | |
| Operating profit (loss) | 9901 | -€16,829 | -€535 | +€16,294 | +96.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,012 | €3,451 | +€1,439 | +71.5% |
| Recurring financial charges | 65 | €2,012 | €3,451 | +€1,439 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,841 | -€3,986 | +€14,855 | +78.8% |
| Profit (loss) for the period | 9904 | -€18,841 | -€3,986 | +€14,855 | +78.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,841 | -€3,986 | +€14,855 | +78.8% |
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.