EKADER: 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.
EKADER
Largest movements
- Cash +€57,163
up €57,163 (+17.4%), from €328,294 to €385,457
mainly Other debts (+€20,581) and Net result for the year (+€18,379)
- Tangible fixed assets -€9,694
down €9,694 (-73.6%), from €13,176 to €3,482
of which Furniture and vehicles: -€8,313
- Receivables within one year -€9,442
down €9,442 (-16.0%), from €58,969 to €49,527
of which Trade receivables: -€9,442
- Other debts +€20,581
up €20,581 (+32.8%), from €62,831 to €83,412
- Reserves +€18,379
up €18,379 (+5.7%), from €324,990 to €343,369
- Trade debts -€12,480
down €12,480 (-34.0%), from €36,749 to €24,269
- Tax, wage and social debts +€12,239
up €12,239 (+50.1%), from €24,420 to €36,659
of which Taxes: +€8,713
- Gross operating margin -€43,574
down €43,574 (-33.8%), from €128,907 to €85,333
- Taxes -€10,540
down €10,540 (-60.3%), from €17,491 to €6,951
- Staff costs +€7,552
up €7,552 (+21.0%), from €35,903 to €43,455
- Depreciation -€3,166
down €3,166 (-21.0%), from €15,076 to €11,910
- Other operating charges -€2,423
down €2,423 (-76.8%), from €3,153 to €730
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 | €471,839 | €509,866 | +€38,027 | +8.1% |
| Fixed assets | 21/28 | €13,176 | €3,482 | -€9,694 | -73.6% |
| Tangible fixed assets | 22/27 | €13,176 | €3,482 | -€9,694 | -73.6% |
| Plant, machinery and equipment | 23 | €4,863 | €3,482 | -€1,381 | -28.4% |
| Furniture and vehicles | 24 | €8,313 | - | -€8,313 | |
| Current assets | 29/58 | €458,663 | €506,384 | +€47,721 | +10.4% |
| Amounts receivable within one year | 40/41 | €58,969 | €49,527 | -€9,442 | -16.0% |
| Trade receivables | 40 | €54,736 | €45,294 | -€9,442 | -17.3% |
| Other amounts receivable | 41 | €4,233 | €4,233 | = | 0.0% |
| Current investments | 50/53 | €71,400 | €71,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €328,294 | €385,457 | +€57,163 | +17.4% |
| Total equity and liabilities | 10/49 | €471,839 | €509,866 | +€38,027 | +8.1% |
| Equity | 10/15 | €343,590 | €361,969 | +€18,379 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €324,990 | €343,369 | +€18,379 | +5.7% |
| Distributable reserves | 133 | €324,990 | €343,369 | +€18,379 | +5.7% |
| Amounts payable | 17/49 | €128,249 | €147,897 | +€19,648 | +15.3% |
| Amounts payable within one year | 42/48 | €127,319 | €147,897 | +€20,578 | +16.2% |
| Financial debts | 43 | €3,319 | €3,557 | +€238 | +7.2% |
| Credit institutions | 430/8 | €3,319 | €3,557 | +€238 | +7.2% |
| Trade debts | 44 | €36,749 | €24,269 | -€12,480 | -34.0% |
| Suppliers | 440/4 | €36,749 | €24,269 | -€12,480 | -34.0% |
| Taxes, remuneration and social security | 45 | €24,420 | €36,659 | +€12,239 | +50.1% |
| Taxes | 450/3 | €15,238 | €23,951 | +€8,713 | +57.2% |
| Remuneration and social security | 454/9 | €9,182 | €12,708 | +€3,526 | +38.4% |
| Other amounts payable | 47/48 | €62,831 | €83,412 | +€20,581 | +32.8% |
| Accrued charges and deferred income | 492/3 | €930 | - | -€930 | |
| Remuneration, social security and pensions | 62 | €35,903 | €43,455 | +€7,552 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,076 | €11,910 | -€3,166 | -21.0% |
| Other operating charges | 640/8 | €3,153 | €730 | -€2,423 | -76.8% |
| Gross operating margin | 9900 | €128,907 | €85,333 | -€43,574 | -33.8% |
| Operating profit (loss) | 9901 | €74,775 | €29,238 | -€45,537 | -60.9% |
| Financial income | 75/76B | €1,444 | €1,229 | -€215 | -14.9% |
| Recurring financial income | 75 | €1,444 | €1,229 | -€215 | -14.9% |
| Financial charges | 65/66B | €4,796 | €5,137 | +€341 | +7.1% |
| Recurring financial charges | 65 | €4,796 | €5,137 | +€341 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €71,423 | €25,330 | -€46,093 | -64.5% |
| Income taxes | 67/77 | €17,491 | €6,951 | -€10,540 | -60.3% |
| Profit (loss) for the period | 9904 | €53,932 | €18,379 | -€35,553 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,932 | €18,379 | -€35,553 | -65.9% |
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 13 October 2026 via checked.be.