EK-law: 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-law
Largest movements
- Intangible fixed assets -€30,000
down €30,000 (-25.0%), from €119,956 to €89,956
- Cash +€27,480
up €27,480 (+40.2%), from €68,355 to €95,835
mainly Net result for the year (+€52,781) and Depreciation (+€32,476)
- Receivables within one year -€16,760
down €16,760 (-49.6%), from €33,800 to €17,040
- Profit (loss) carried forward +€52,781
up €52,781 (+110%), from €48,152 to €100,933
- Debts after one year -€36,489
down €36,489 (-19.4%), from €188,084 to €151,595
- Other debts -€23,263
down €23,263 (-18.0%), from €128,944 to €105,680
- Trade debts -€16,473
down €16,473 (-76.7%), from €21,486 to €5,013
- Gross operating margin +€16,963
up €16,963 (+17.0%), from €100,053 to €117,016
- Taxes +€6,836
up €6,836 (+51.7%), from €13,228 to €20,064
- Financial charges +€2,637
up €2,637 (+45.7%), from €5,764 to €8,401
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 | €435,769 | €413,100 | -€22,669 | -5.2% |
| Formation expenses | 20 | €8,510 | €6,610 | -€1,900 | -22.3% |
| Fixed assets | 21/28 | €322,829 | €293,616 | -€29,213 | -9.0% |
| Intangible fixed assets | 21 | €119,956 | €89,956 | -€30,000 | -25.0% |
| Tangible fixed assets | 22/27 | €6,873 | €7,660 | +€787 | +11.4% |
| Plant, machinery and equipment | 23 | €4,098 | €7,660 | +€3,563 | +86.9% |
| Furniture and vehicles | 24 | €2,776 | - | -€2,776 | |
| Financial fixed assets | 28 | €196,000 | €196,000 | = | 0.0% |
| Current assets | 29/58 | €104,430 | €112,875 | +€8,444 | +8.1% |
| Amounts receivable within one year | 40/41 | €33,800 | €17,040 | -€16,760 | -49.6% |
| Trade receivables | 40 | €33,800 | €17,040 | -€16,760 | -49.6% |
| Cash at bank and in hand | 54/58 | €68,355 | €95,835 | +€27,480 | +40.2% |
| Deferred charges and accrued income | 490/1 | €2,275 | - | -€2,275 | |
| Total equity and liabilities | 10/49 | €435,769 | €413,100 | -€22,669 | -5.2% |
| Equity | 10/15 | €50,152 | €102,933 | +€52,781 | +105% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,152 | €100,933 | +€52,781 | +110% |
| Amounts payable | 17/49 | €385,617 | €310,167 | -€75,450 | -19.6% |
| Amounts payable after more than one year | 17 | €188,084 | €151,595 | -€36,489 | -19.4% |
| Financial debts | 170/4 | €188,084 | €151,595 | -€36,489 | -19.4% |
| Amounts payable within one year | 42/48 | €197,533 | €158,458 | -€39,075 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €37,275 | €38,666 | +€1,391 | +3.7% |
| Trade debts | 44 | €21,486 | €5,013 | -€16,473 | -76.7% |
| Suppliers | 440/4 | €21,486 | €5,013 | -€16,473 | -76.7% |
| Taxes, remuneration and social security | 45 | €9,829 | €9,098 | -€730 | -7.4% |
| Taxes | 450/3 | €9,829 | €7,386 | -€2,442 | -24.8% |
| Remuneration and social security | 454/9 | - | €1,712 | +€1,712 | |
| Other amounts payable | 47/48 | €128,944 | €105,680 | -€23,263 | -18.0% |
| Accrued charges and deferred income | 492/3 | - | €114 | +€114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,401 | €32,476 | +€76 | +0.2% |
| Other operating charges | 640/8 | €601 | €821 | +€220 | +36.6% |
| Non-recurring operating charges | 66A | - | €2,776 | +€2,776 | |
| Gross operating margin | 9900 | €100,053 | €117,016 | +€16,963 | +17.0% |
| Operating profit (loss) | 9901 | €67,052 | €80,944 | +€13,892 | +20.7% |
| Financial income | 75/76B | €93 | €302 | +€210 | +226% |
| Recurring financial income | 75 | €93 | €302 | +€210 | +226% |
| Financial charges | 65/66B | €5,764 | €8,401 | +€2,637 | +45.7% |
| Recurring financial charges | 65 | €5,764 | €8,401 | +€2,637 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €61,380 | €72,845 | +€11,465 | +18.7% |
| Income taxes | 67/77 | €13,228 | €20,064 | +€6,836 | +51.7% |
| Profit (loss) for the period | 9904 | €48,152 | €52,781 | +€4,629 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,152 | €52,781 | +€4,629 | +9.6% |
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 17 October 2026 via checked.be.