EJO: 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.
EJO
Largest movements
- Cash +€51,708
up €51,708 (+55.1%), from €93,764 to €145,473
mainly Net result for the year (+€81,985) and Other debts (+€68,800)
- Receivables within one year +€18,041
up €18,041 (+116.7%), from €15,464 to €33,505
- Tangible fixed assets +€2,371
up €2,371 (+88.3%), from €2,686 to €5,057
of which Plant, machinery and equipment: +€1,928
- Other debts +€68,800
up €68,800 (+1113.2%), from €6,180 to €74,980
- Profit (loss) carried forward +€10,985
up €10,985 (+15.4%), from €71,199 to €82,185
- Tax, wage and social debts -€8,037
down €8,037 (-27.0%), from €29,792 to €21,756
of which Taxes: -€10,237
- Gross operating margin +€9,968
up €9,968 (+11.4%), from €87,407 to €97,375
- Financial income +€9,761
new in 2025: €9,761
of which Non-recurring financial income: +€9,760
- Taxes +€4,096
up €4,096 (+23.4%), from €17,527 to €21,622
- Financial charges +€1,336
up €1,336 (+741.5%), from €180 to €1,516
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 | €112,522 | €184,094 | +€71,572 | +63.6% |
| Formation expenses | 20 | €608 | €59 | -€548 | -90.2% |
| Fixed assets | 21/28 | €2,686 | €5,057 | +€2,371 | +88.3% |
| Tangible fixed assets | 22/27 | €2,686 | €5,057 | +€2,371 | +88.3% |
| Plant, machinery and equipment | 23 | - | €1,928 | +€1,928 | |
| Furniture and vehicles | 24 | €2,686 | €3,129 | +€443 | +16.5% |
| Current assets | 29/58 | €109,228 | €178,978 | +€69,749 | +63.9% |
| Amounts receivable within one year | 40/41 | €15,464 | €33,505 | +€18,041 | +116.7% |
| Trade receivables | 40 | €15,464 | €33,505 | +€18,041 | +116.7% |
| Cash at bank and in hand | 54/58 | €93,764 | €145,473 | +€51,708 | +55.1% |
| Total equity and liabilities | 10/49 | €112,522 | €184,094 | +€71,572 | +63.6% |
| Equity | 10/15 | €76,199 | €87,185 | +€10,985 | +14.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,199 | €82,185 | +€10,985 | +15.4% |
| Amounts payable | 17/49 | €36,322 | €96,909 | +€60,587 | +166.8% |
| Amounts payable within one year | 42/48 | €36,322 | €96,909 | +€60,587 | +166.8% |
| Trade debts | 44 | €349 | €173 | -€176 | -50.5% |
| Suppliers | 440/4 | €349 | €173 | -€176 | -50.5% |
| Taxes, remuneration and social security | 45 | €29,792 | €21,756 | -€8,037 | -27.0% |
| Taxes | 450/3 | €29,792 | €19,556 | -€10,237 | -34.4% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €6,180 | €74,980 | +€68,800 | +1113.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €1,484 | +€43 | +3.0% |
| Other operating charges | 640/8 | €491 | €528 | +€38 | +7.7% |
| Gross operating margin | 9900 | €87,407 | €97,375 | +€9,968 | +11.4% |
| Operating profit (loss) | 9901 | €85,475 | €95,363 | +€9,887 | +11.6% |
| Financial income | 75/76B | - | €9,761 | +€9,761 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €9,760 | +€9,760 | |
| Financial charges | 65/66B | €180 | €1,516 | +€1,336 | +741.5% |
| Recurring financial charges | 65 | €180 | €1,516 | +€1,336 | +741.5% |
| Profit (loss) for the period before taxes | 9903 | €85,295 | €103,608 | +€18,313 | +21.5% |
| Income taxes | 67/77 | €17,527 | €21,622 | +€4,096 | +23.4% |
| Profit (loss) for the period | 9904 | €67,769 | €81,985 | +€14,217 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,769 | €81,985 | +€14,217 | +21.0% |
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 9 October 2026 via checked.be.