EJL MANAGEMENT: 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.
EJL MANAGEMENT
Largest movements
- Cash -€211,753
down €211,753 (-78.0%), from €271,456 to €59,704
mainly Other debts (-€169,832) and Contributions, distributions and other (-€69,476)
- Tangible fixed assets -€4,133
down €4,133 (-45.0%), from €9,185 to €5,053
of which Other tangible fixed assets: -€2,220
- Other debts -€169,832
down €169,832 (-84.9%), from €199,950 to €30,118
- Tax, wage and social debts -€44,169
down €44,169 (-63.0%), from €70,123 to €25,954
- Gross operating margin -€11,828
down €11,828 (-11.1%), from €106,406 to €94,577
- Taxes -€3,354
down €3,354 (-14.9%), from €22,512 to €19,158
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 | €280,642 | €65,998 | -€214,643 | -76.5% |
| Fixed assets | 21/28 | €9,185 | €5,053 | -€4,133 | -45.0% |
| Tangible fixed assets | 22/27 | €9,185 | €5,053 | -€4,133 | -45.0% |
| Plant, machinery and equipment | 23 | €360 | €240 | -€120 | -33.4% |
| Furniture and vehicles | 24 | €3,658 | €1,866 | -€1,792 | -49.0% |
| Other tangible fixed assets | 26 | €5,167 | €2,947 | -€2,220 | -43.0% |
| Current assets | 29/58 | €271,456 | €60,946 | -€210,511 | -77.5% |
| Amounts receivable within one year | 40/41 | €0 | €1,242 | +€1,242 | |
| Trade receivables | 40 | €0 | €400 | +€400 | |
| Other amounts receivable | 41 | - | €842 | +€842 | |
| Cash at bank and in hand | 54/58 | €271,456 | €59,704 | -€211,753 | -78.0% |
| Total equity and liabilities | 10/49 | €280,642 | €65,998 | -€214,643 | -76.5% |
| Equity | 10/15 | €9,926 | €9,926 | +€0 | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,926 | €6,926 | +€0 | 0.0% |
| Amounts payable | 17/49 | €270,716 | €56,073 | -€214,643 | -79.3% |
| Amounts payable within one year | 42/48 | €270,716 | €56,073 | -€214,643 | -79.3% |
| Trade debts | 44 | €643 | €0 | -€643 | -100% |
| Suppliers | 440/4 | €643 | €0 | -€643 | -100% |
| Taxes, remuneration and social security | 45 | €70,123 | €25,954 | -€44,169 | -63.0% |
| Taxes | 450/3 | €70,123 | €25,954 | -€44,169 | -63.0% |
| Other amounts payable | 47/48 | €199,950 | €30,118 | -€169,832 | -84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,354 | €4,133 | -€222 | -5.1% |
| Other operating charges | 640/8 | €915 | €1,729 | +€814 | +88.9% |
| Gross operating margin | 9900 | €106,406 | €94,577 | -€11,828 | -11.1% |
| Operating profit (loss) | 9901 | €101,136 | €88,716 | -€12,420 | -12.3% |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €95 | €120 | +€25 | +26.0% |
| Recurring financial charges | 65 | €95 | €120 | +€25 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €101,041 | €88,634 | -€12,407 | -12.3% |
| Income taxes | 67/77 | €22,512 | €19,158 | -€3,354 | -14.9% |
| Profit (loss) for the period | 9904 | €78,529 | €69,476 | -€9,053 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,529 | €69,476 | -€9,053 | -11.5% |
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 15 October 2026 via checked.be.