EJD: what changed
EJD
Largest movements
- Tangible fixed assets +€603,071
up €603,071 (+70,588%), from €854 to €603,926
of which Land and buildings: +€603,385
- Cash -€16,243
down €16,243 (-38.7%), from €42,009 to €25,766
mainly Investment in fixed assets (net) (-€618,400) and Tax, wage and social debts (-€25,541)
- Receivables within one year -€8,416
down €8,416 (-75.8%), from €11,108 to €2,692
- Other debts +€318,057
up €318,057 (+8,988%), from €3,539 to €321,596
- Debts after one year +€264,996
new in 2025: €264,996
- Tax, wage and social debts -€25,541
down €25,541 (-93.2%), from €27,415 to €1,874
of which Remuneration and social security: -€21,596
- Current portion of long-term debt +€20,004
new in 2025: €20,004
- Depreciation +€15,015
up €15,015 (+4,786%), from €314 to €15,329
- Financial charges +€8,723
up €8,723 (+22,338%), from €39 to €8,762
- Gross operating margin +€6,124
up €6,124 (+29.8%), from €20,518 to €26,642
- Taxes -€3,456
down €3,456 (-84.6%), from €4,086 to €631
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,971 | €632,384 | +€578,413 | +1,072% |
| Fixed assets | 21/28 | €854 | €603,926 | +€603,071 | +70,588% |
| Tangible fixed assets | 22/27 | €854 | €603,926 | +€603,071 | +70,588% |
| Land and buildings | 22 | - | €603,385 | +€603,385 | |
| Furniture and vehicles | 24 | €854 | €541 | -€314 | -36.7% |
| Current assets | 29/58 | €53,117 | €28,458 | -€24,658 | -46.4% |
| Amounts receivable within one year | 40/41 | €11,108 | €2,692 | -€8,416 | -75.8% |
| Trade receivables | 40 | €11,108 | €2,692 | -€8,416 | -75.8% |
| Cash at bank and in hand | 54/58 | €42,009 | €25,766 | -€16,243 | -38.7% |
| Total equity and liabilities | 10/49 | €53,971 | €632,384 | +€578,413 | +1,072% |
| Equity | 10/15 | €22,237 | €23,914 | +€1,677 | +7.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,987 | €17,664 | +€1,677 | +10.5% |
| Amounts payable | 17/49 | €31,734 | €608,470 | +€576,736 | +1,817% |
| Amounts payable after more than one year | 17 | - | €264,996 | +€264,996 | |
| Financial debts | 170/4 | - | €264,996 | +€264,996 | |
| Amounts payable within one year | 42/48 | €31,734 | €343,474 | +€311,740 | +982% |
| Current portion of amounts payable after more than one year | 42 | - | €20,004 | +€20,004 | |
| Trade debts | 44 | €781 | - | -€781 | |
| Suppliers | 440/4 | €781 | - | -€781 | |
| Taxes, remuneration and social security | 45 | €27,415 | €1,874 | -€25,541 | -93.2% |
| Taxes | 450/3 | €5,819 | €1,874 | -€3,945 | -67.8% |
| Remuneration and social security | 454/9 | €21,596 | - | -€21,596 | |
| Other amounts payable | 47/48 | €3,539 | €321,596 | +€318,057 | +8,988% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314 | €15,329 | +€15,015 | +4,786% |
| Other operating charges | 640/8 | €141 | €314 | +€174 | +124% |
| Gross operating margin | 9900 | €20,518 | €26,642 | +€6,124 | +29.8% |
| Operating profit (loss) | 9901 | €20,064 | €11,000 | -€9,065 | -45.2% |
| Financial income | 75/76B | €205 | €70 | -€134 | -65.7% |
| Recurring financial income | 75 | €205 | €70 | -€134 | -65.7% |
| Financial charges | 65/66B | €39 | €8,762 | +€8,723 | +22,338% |
| Recurring financial charges | 65 | €39 | €8,762 | +€8,723 | +22,338% |
| Profit (loss) for the period before taxes | 9903 | €20,230 | €2,308 | -€17,922 | -88.6% |
| Income taxes | 67/77 | €4,086 | €631 | -€3,456 | -84.6% |
| Profit (loss) for the period | 9904 | €16,143 | €1,677 | -€14,466 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,143 | €1,677 | -€14,466 | -89.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.