EJAVA: 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.
EJAVA
Largest movements
- Cash +€128,611
up €128,611 (+229%), from €56,269 to €184,880
mainly Net result for the year (+€236,281) and Other debts (+€46,903)
- Tangible fixed assets +€30,649
up €30,649 (+7.5%), from €407,030 to €437,679
of which Land and buildings: +€31,642
- Reserves +€166,281
up €166,281 (+25.0%), from €665,821 to €832,102
- Profit (loss) carried forward +€70,000
up €70,000, from €0 to €70,000
- Current portion of long-term debt -€66,141
down €66,141 (-67.3%), from €98,241 to €32,100
- Other debts +€46,903
up €46,903 (+19.8%), from €237,317 to €284,220
- Debts after one year -€32,899
down €32,899 (-9.3%), from €354,861 to €321,962
of which Financial debts: -€32,899
- Financial income +€100,236
up €100,236 (+90,884%), from €110 to €100,347
- Financial charges -€5,276
down €5,276 (-32.5%), from €16,256 to €10,980
- Depreciation +€3,391
up €3,391 (+13.8%), from €24,619 to €28,010
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 | €1,427,671 | €1,605,044 | +€177,372 | +12.4% |
| Fixed assets | 21/28 | €1,367,909 | €1,398,558 | +€30,649 | +2.2% |
| Tangible fixed assets | 22/27 | €407,030 | €437,679 | +€30,649 | +7.5% |
| Land and buildings | 22 | €403,807 | €435,450 | +€31,642 | +7.8% |
| Plant, machinery and equipment | 23 | €3,223 | €2,229 | -€993 | -30.8% |
| Financial fixed assets | 28 | €960,879 | €960,879 | = | 0.0% |
| Current assets | 29/58 | €59,762 | €206,486 | +€146,724 | +246% |
| Amounts receivable within one year | 40/41 | €1,050 | €16,058 | +€15,008 | +1,429% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,050 | €16,058 | +€15,008 | +1,429% |
| Cash at bank and in hand | 54/58 | €56,269 | €184,880 | +€128,611 | +229% |
| Deferred charges and accrued income | 490/1 | €2,443 | €5,548 | +€3,104 | +127% |
| Total equity and liabilities | 10/49 | €1,427,671 | €1,605,044 | +€177,372 | +12.4% |
| Equity | 10/15 | €700,821 | €937,102 | +€236,281 | +33.7% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €665,821 | €832,102 | +€166,281 | +25.0% |
| Distributable reserves | 133 | €665,821 | €832,102 | +€166,281 | +25.0% |
| Profit (loss) carried forward | 14 | €0 | €70,000 | +€70,000 | |
| Amounts payable | 17/49 | €726,851 | €667,942 | -€58,909 | -8.1% |
| Amounts payable after more than one year | 17 | €354,861 | €321,962 | -€32,899 | -9.3% |
| Financial debts | 170/4 | €339,861 | €306,962 | -€32,899 | -9.7% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €365,073 | €344,792 | -€20,281 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €98,241 | €32,100 | -€66,141 | -67.3% |
| Trade debts | 44 | €1,452 | €5,468 | +€4,016 | +277% |
| Suppliers | 440/4 | €1,452 | €5,468 | +€4,016 | +277% |
| Taxes, remuneration and social security | 45 | €28,063 | €23,004 | -€5,059 | -18.0% |
| Taxes | 450/3 | €28,063 | €22,652 | -€5,411 | -19.3% |
| Remuneration and social security | 454/9 | - | €352 | +€352 | |
| Other amounts payable | 47/48 | €237,317 | €284,220 | +€46,903 | +19.8% |
| Accrued charges and deferred income | 492/3 | €6,916 | €1,188 | -€5,729 | -82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,619 | €28,010 | +€3,391 | +13.8% |
| Other operating charges | 640/8 | €2,843 | €2,911 | +€67 | +2.4% |
| Gross operating margin | 9900 | €217,499 | €218,514 | +€1,015 | +0.5% |
| Operating profit (loss) | 9901 | €190,037 | €187,593 | -€2,444 | -1.3% |
| Financial income | 75/76B | €110 | €100,347 | +€100,236 | +90,884% |
| Recurring financial income | 75 | €110 | €100,347 | +€100,236 | +90,884% |
| Financial charges | 65/66B | €16,256 | €10,980 | -€5,276 | -32.5% |
| Recurring financial charges | 65 | €16,256 | €10,980 | -€5,276 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €173,892 | €276,960 | +€103,068 | +59.3% |
| Income taxes | 67/77 | €39,424 | €40,679 | +€1,254 | +3.2% |
| Profit (loss) for the period | 9904 | €134,467 | €236,281 | +€101,814 | +75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €134,467 | €236,281 | +€101,814 | +75.7% |
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 26 October 2026 via checked.be.