EJV SciCo: 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.
EJV SciCo
Largest movements
- Tangible fixed assets -€12,665
down €12,665 (-10.6%), from €119,604 to €106,938
of which Leasing and similar rights: -€9,835
- Cash +€5,357
new in 2025: €5,357
mainly Depreciation (+€18,636) and Net result for the year (+€9,241)
- Debts after one year -€11,707
down €11,707 (-76.9%), from €15,222 to €3,514
- Tax, wage and social debts +€6,585
up €6,585 (+77.2%), from €8,534 to €15,119
- Short-term financial debts -€2,846
no longer reported in 2025 (was €2,846)
- Reserves -€2,759
down €2,759 (-4.6%), from €60,393 to €57,634
- Accrued charges and deferred income +€2,676
new in 2025: €2,676
- Gross operating margin -€28,886
down €28,886 (-39.2%), from €73,719 to €44,833
- Staff costs -€25,007
down €25,007 (-83.9%), from €29,789 to €4,782
- Financial charges -€1,763
down €1,763 (-27.4%), from €6,433 to €4,670
- Depreciation +€1,631
up €1,631 (+9.6%), from €17,005 to €18,636
- Taxes -€801
down €801 (-14.9%), from €5,391 to €4,590
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 | €164,124 | €156,892 | -€7,233 | -4.4% |
| Fixed assets | 21/28 | €119,604 | €106,938 | -€12,665 | -10.6% |
| Tangible fixed assets | 22/27 | €119,604 | €106,938 | -€12,665 | -10.6% |
| Land and buildings | 22 | €69,489 | €65,521 | -€3,969 | -5.7% |
| Plant, machinery and equipment | 23 | €6,322 | €5,674 | -€649 | -10.3% |
| Furniture and vehicles | 24 | €10,461 | €12,248 | +€1,787 | +17.1% |
| Leasing and similar rights | 25 | €33,330 | €23,496 | -€9,835 | -29.5% |
| Current assets | 29/58 | €44,521 | €49,953 | +€5,433 | +12.2% |
| Amounts receivable within one year | 40/41 | €43,834 | €43,908 | +€74 | +0.2% |
| Trade receivables | 40 | €41,225 | €43,908 | +€2,683 | +6.5% |
| Other amounts receivable | 41 | €2,609 | - | -€2,609 | |
| Cash at bank and in hand | 54/58 | - | €5,357 | +€5,357 | |
| Deferred charges and accrued income | 490/1 | €686 | €688 | +€1 | +0.2% |
| Total equity and liabilities | 10/49 | €164,124 | €156,892 | -€7,233 | -4.4% |
| Equity | 10/15 | €78,993 | €76,234 | -€2,759 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,393 | €57,634 | -€2,759 | -4.6% |
| Distributable reserves | 133 | €60,393 | €57,634 | -€2,759 | -4.6% |
| Amounts payable | 17/49 | €85,132 | €80,658 | -€4,474 | -5.3% |
| Amounts payable after more than one year | 17 | €15,222 | €3,514 | -€11,707 | -76.9% |
| Financial debts | 170/4 | €15,222 | €3,514 | -€11,707 | -76.9% |
| Amounts payable within one year | 42/48 | €69,910 | €74,468 | +€4,557 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €11,029 | €11,707 | +€678 | +6.1% |
| Financial debts | 43 | €2,846 | - | -€2,846 | |
| Credit institutions | 430/8 | €2,846 | - | -€2,846 | |
| Trade debts | 44 | €1,064 | €100 | -€964 | -90.6% |
| Suppliers | 440/4 | €1,064 | €100 | -€964 | -90.6% |
| Taxes, remuneration and social security | 45 | €8,534 | €15,119 | +€6,585 | +77.2% |
| Taxes | 450/3 | €8,534 | €15,119 | +€6,585 | +77.2% |
| Other amounts payable | 47/48 | €46,437 | €47,541 | +€1,105 | +2.4% |
| Accrued charges and deferred income | 492/3 | - | €2,676 | +€2,676 | |
| Remuneration, social security and pensions | 62 | €29,789 | €4,782 | -€25,007 | -83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,005 | €18,636 | +€1,631 | +9.6% |
| Other operating charges | 640/8 | €3,102 | €2,914 | -€188 | -6.1% |
| Gross operating margin | 9900 | €73,719 | €44,833 | -€28,886 | -39.2% |
| Operating profit (loss) | 9901 | €23,823 | €18,501 | -€5,322 | -22.3% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €6,433 | €4,670 | -€1,763 | -27.4% |
| Recurring financial charges | 65 | €6,433 | €4,670 | -€1,763 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €17,401 | €13,831 | -€3,570 | -20.5% |
| Income taxes | 67/77 | €5,391 | €4,590 | -€801 | -14.9% |
| Profit (loss) for the period | 9904 | €12,010 | €9,241 | -€2,769 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,010 | €9,241 | -€2,769 | -23.1% |
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 14 October 2026 via checked.be.