EK ADVISORY: 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.
EK ADVISORY
Largest movements
- Cash +€266,108
up €266,108 (+1,258%), from €21,161 to €287,269
mainly Net result for the year (+€297,284) and Depreciation (+€39,543)
- Current investments +€67,813
up €67,813 (+44.3%), from €153,052 to €220,864
- Receivables within one year -€36,983
down €36,983 (-37.3%), from €99,079 to €62,096
of which Trade receivables: -€44,555
- Tangible fixed assets -€24,997
down €24,997 (-2.8%), from €899,123 to €874,126
of which Land and buildings: -€19,180
- Reserves +€250,000
up €250,000 (+167%), from €150,000 to €400,000
- Profit (loss) carried forward +€47,284
up €47,284 (+13.3%), from €356,371 to €403,654
- Debts after one year -€41,492
down €41,492 (-7.1%), from €582,237 to €540,745
- Tax, wage and social debts +€22,701
up €22,701 (+279%), from €8,138 to €30,839
- Gross operating margin +€187,163
up €187,163 (+63.8%), from €293,531 to €480,694
- Taxes +€73,431
up €73,431 (+124%), from €59,415 to €132,846
- Financial income +€18,028
up €18,028 (+214%), from €8,411 to €26,439
- Other operating charges +€10,088
up €10,088 (+279%), from €3,611 to €13,699
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 | €1,174,897 | €1,454,381 | +€279,484 | +23.8% |
| Fixed assets | 21/28 | €899,123 | €874,126 | -€24,997 | -2.8% |
| Tangible fixed assets | 22/27 | €899,123 | €874,126 | -€24,997 | -2.8% |
| Land and buildings | 22 | €778,233 | €759,054 | -€19,180 | -2.5% |
| Plant, machinery and equipment | 23 | €4,821 | €9,431 | +€4,610 | +95.6% |
| Furniture and vehicles | 24 | €14,112 | €6,769 | -€7,343 | -52.0% |
| Other tangible fixed assets | 26 | €101,957 | €98,873 | -€3,084 | -3.0% |
| Current assets | 29/58 | €275,774 | €580,255 | +€304,480 | +110% |
| Amounts receivable within one year | 40/41 | €99,079 | €62,096 | -€36,983 | -37.3% |
| Trade receivables | 40 | €92,892 | €48,337 | -€44,555 | -48.0% |
| Other amounts receivable | 41 | €6,187 | €13,758 | +€7,571 | +122% |
| Current investments | 50/53 | €153,052 | €220,864 | +€67,813 | +44.3% |
| Cash at bank and in hand | 54/58 | €21,161 | €287,269 | +€266,108 | +1,258% |
| Deferred charges and accrued income | 490/1 | €2,482 | €10,025 | +€7,543 | +304% |
| Total equity and liabilities | 10/49 | €1,174,897 | €1,454,381 | +€279,484 | +23.8% |
| Equity | 10/15 | €508,371 | €805,654 | +€297,284 | +58.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €400,000 | +€250,000 | +167% |
| Distributable reserves | 133 | €150,000 | €400,000 | +€250,000 | +167% |
| Profit (loss) carried forward | 14 | €356,371 | €403,654 | +€47,284 | +13.3% |
| Amounts payable | 17/49 | €666,526 | €648,727 | -€17,800 | -2.7% |
| Amounts payable after more than one year | 17 | €582,237 | €540,745 | -€41,492 | -7.1% |
| Financial debts | 170/4 | €582,237 | €540,745 | -€41,492 | -7.1% |
| Amounts payable within one year | 42/48 | €84,289 | €107,981 | +€23,692 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €50,506 | €41,492 | -€9,014 | -17.8% |
| Trade debts | 44 | €4,520 | €12,542 | +€8,022 | +177% |
| Suppliers | 440/4 | €4,520 | €12,542 | +€8,022 | +177% |
| Taxes, remuneration and social security | 45 | €8,138 | €30,839 | +€22,701 | +279% |
| Taxes | 450/3 | €8,138 | €30,839 | +€22,701 | +279% |
| Other amounts payable | 47/48 | €21,124 | €23,108 | +€1,984 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,102 | €39,543 | +€2,441 | +6.6% |
| Other operating charges | 640/8 | €3,611 | €13,699 | +€10,088 | +279% |
| Gross operating margin | 9900 | €293,531 | €480,694 | +€187,163 | +63.8% |
| Operating profit (loss) | 9901 | €252,818 | €427,452 | +€174,634 | +69.1% |
| Financial income | 75/76B | €8,411 | €26,439 | +€18,028 | +214% |
| Recurring financial income | 75 | €8,411 | €26,439 | +€18,028 | +214% |
| Financial charges | 65/66B | €23,365 | €23,762 | +€397 | +1.7% |
| Recurring financial charges | 65 | €23,365 | €23,762 | +€397 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €237,864 | €430,130 | +€192,265 | +80.8% |
| Income taxes | 67/77 | €59,415 | €132,846 | +€73,431 | +124% |
| Profit (loss) for the period | 9904 | €178,449 | €297,284 | +€118,834 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €178,449 | €297,284 | +€118,834 | +66.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.