EJT PROJECTS: 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.
What changed
EJT PROJECTS
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€47,922
2024 · €360,075-€312,153
Equity
€970,861
2024 · €922,938+€47,923
Cash
€81,897
2024 · €73,958+€7,939
Balance sheet total
€5.4m
2024 · €3.1m+€2.3m
Largest movements
Assets
- Financial fixed assets +€2.9m
new in 2025: €2.9m
- Receivables within one year -€590,796
down €590,796 (-98.1%), from €602,138 to €11,342
of which Trade receivables: -€601,691
Equity and liabilities
- Debts after one year +€2.2m
up €2.2m (+118%), from €1.8m to €4.0m
- Current portion of long-term debt +€116,245
up €116,245 (+95.2%), from €122,126 to €238,371
Income statement
- Gross operating margin -€371,634
down €371,634 (-60.2%), from €617,720 to €246,086
- Depreciation +€26,977
up €26,977 (+35.4%), from €76,242 to €103,219
- Financial charges +€14,558
up €14,558 (+45.3%), from €32,142 to €46,700
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.
Result 2024
€360,075
Gross operating margin
-€371,634
Depreciation
-€26,977
Other operating charges
-€994
Financial income
-€845
Financial charges
-€14,558
Taxes
+€4,192
Deferred taxes and other
+€98,663
Result 2025
€47,922
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€734,270
Investment
-€3.0m
Financing
+€2.3m
Cash 2024
€73,958
From operations (derived)
+€734,270
Net result for the year
+€47,922
Depreciation
+€103,219
Receivables within one year
+€590,796
Provisions
-€9,282
Trade debts
-€12,824
Tax, wage and social debts
-€1,690
Other debts
+€16,129
Investment (derived)
-€3.0m
Investment in fixed assets (net)
-€3.0m
Financing
+€2.3m
Debts after one year
+€2.2m
Current portion of long-term debt
+€116,245
Contributions, distributions and other
+€1
Cash 2025
€81,897
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,072,158 | €5,387,673 | +€2.3m | +75.4% |
| Fixed assets | 21/28 | €2,396,062 | €5,294,434 | +€2.9m | +121% |
| Tangible fixed assets | 22/27 | €2,396,062 | €2,399,178 | +€3,116 | +0.1% |
| Land and buildings | 22 | €2,396,062 | €2,399,178 | +€3,116 | +0.1% |
| Financial fixed assets | 28 | - | €2,895,256 | +€2.9m | |
| Current assets | 29/58 | €676,096 | €93,239 | -€582,857 | -86.2% |
| Amounts receivable within one year | 40/41 | €602,138 | €11,342 | -€590,796 | -98.1% |
| Trade receivables | 40 | €601,691 | - | -€601,691 | |
| Other amounts receivable | 41 | €447 | €11,342 | +€10,895 | +2,439% |
| Cash at bank and in hand | 54/58 | €73,958 | €81,897 | +€7,939 | +10.7% |
| Total equity and liabilities | 10/49 | €3,072,158 | €5,387,673 | +€2.3m | +75.4% |
| Equity | 10/15 | €922,938 | €970,861 | +€47,923 | +5.2% |
| Contributions | 10/11 | €152,421 | €152,421 | +€0 | 0.0% |
| Reserves | 13 | €802,206 | €850,129 | +€47,923 | +6.0% |
| Non-distributable reserves | 130/1 | €3,802 | €3,802 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €3,802 | €3,802 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €449,483 | €421,639 | -€27,844 | -6.2% |
| Distributable reserves | 133 | €348,921 | €424,688 | +€75,767 | +21.7% |
| Profit (loss) carried forward | 14 | -€31,689 | -€31,689 | -€0 | 0.0% |
| Provisions and deferred taxes | 16 | €168,947 | €159,665 | -€9,282 | -5.5% |
| Provisions for liabilities and charges | 160/5 | - | €159,665 | +€159,665 | |
| Pensions and similar obligations | 160 | - | €159,665 | +€159,665 | |
| Deferred taxes | 168 | €168,947 | - | -€168,947 | |
| Amounts payable | 17/49 | €1,980,273 | €4,257,147 | +€2.3m | +115% |
| Amounts payable after more than one year | 17 | €1,825,803 | €3,984,817 | +€2.2m | +118% |
| Financial debts | 170/4 | €1,825,803 | €3,984,817 | +€2.2m | +118% |
| Amounts payable within one year | 42/48 | €154,470 | €272,330 | +€117,860 | +76.3% |
| Current portion of amounts payable after more than one year | 42 | €122,126 | €238,371 | +€116,245 | +95.2% |
| Trade debts | 44 | €14,216 | €1,392 | -€12,824 | -90.2% |
| Suppliers | 440/4 | €14,216 | €1,392 | -€12,824 | -90.2% |
| Taxes, remuneration and social security | 45 | €17,839 | €16,149 | -€1,690 | -9.5% |
| Taxes | 450/3 | €17,839 | €16,149 | -€1,690 | -9.5% |
| Other amounts payable | 47/48 | €289 | €16,418 | +€16,129 | +5,576% |
| Non-recurring operating income | 76A | €394,650 | - | -€394,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,242 | €103,219 | +€26,977 | +35.4% |
| Other operating charges | 640/8 | €18,662 | €19,656 | +€994 | +5.3% |
| Gross operating margin | 9900 | €617,720 | €246,086 | -€371,634 | -60.2% |
| Operating profit (loss) | 9901 | €522,816 | €123,211 | -€399,605 | -76.4% |
| Financial income | 75/76B | €2,335 | €1,490 | -€845 | -36.2% |
| Recurring financial income | 75 | €2,335 | €1,490 | -€845 | -36.2% |
| Financial charges | 65/66B | €32,142 | €46,700 | +€14,558 | +45.3% |
| Recurring financial charges | 65 | €32,142 | €46,700 | +€14,558 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €493,009 | €78,001 | -€415,008 | -84.2% |
| Transfer from deferred taxes | 780 | €9,282 | €9,282 | +€0 | 0.0% |
| Transfer to deferred taxes | 680 | €98,663 | - | -€98,663 | |
| Income taxes | 67/77 | €43,553 | €39,361 | -€4,192 | -9.6% |
| Profit (loss) for the period | 9904 | €360,075 | €47,922 | -€312,153 | -86.7% |
| Transfer from tax-exempt reserves | 789 | €27,845 | €27,845 | +€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €295,988 | - | -€295,988 | |
| Profit (loss) for the period to be appropriated | 9905 | €91,932 | €75,767 | -€16,165 | -17.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.