EKHA: 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.
EKHA
Largest movements
- Cash -€24,291
down €24,291 (-35.4%), from €68,643 to €44,353
mainly Other debts (-€49,423) and Tax, wage and social debts (-€9,917)
- Current investments +€8,980
up €8,980 (+12.8%), from €70,010 to €78,990
- Tangible fixed assets -€8,668
down €8,668 (-19.4%), from €44,719 to €36,051
- Stocks and contracts +€2,617
up €2,617 (+76.0%), from €3,445 to €6,062
- Other debts -€49,423
down €49,423 (-90.5%), from €54,628 to €5,205
- Profit (loss) carried forward +€41,887
up €41,887 (+57.0%), from €73,515 to €115,403
- Tax, wage and social debts -€9,917
down €9,917 (-25.5%), from €38,917 to €29,001
of which Taxes: -€10,595
- Trade debts -€3,851
down €3,851 (-36.9%), from €10,428 to €6,577
- Taxes +€15,637
up €15,637 (+111%), from €14,046 to €29,683
- Gross operating margin +€15,463
up €15,463 (+9.6%), from €160,332 to €175,795
- Staff costs +€6,049
up €6,049 (+8.5%), from €70,953 to €77,003
- Other operating charges -€4,326
down €4,326 (-50.8%), from €8,510 to €4,184
- Financial charges +€2,971
up €2,971 (+45.1%), from €6,584 to €9,555
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 | €199,111 | €177,808 | -€21,303 | -10.7% |
| Fixed assets | 21/28 | €44,779 | €36,111 | -€8,668 | -19.4% |
| Tangible fixed assets | 22/27 | €44,719 | €36,051 | -€8,668 | -19.4% |
| Plant, machinery and equipment | 23 | €27,335 | €23,222 | -€4,113 | -15.0% |
| Furniture and vehicles | 24 | €15,728 | €11,627 | -€4,101 | -26.1% |
| Other tangible fixed assets | 26 | €1,656 | €1,202 | -€454 | -27.4% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €154,331 | €141,697 | -€12,635 | -8.2% |
| Stocks and contracts in progress | 3 | €3,445 | €6,062 | +€2,617 | +76.0% |
| Stocks | 30/36 | €3,445 | €6,062 | +€2,617 | +76.0% |
| Amounts receivable within one year | 40/41 | €7,365 | €5,681 | -€1,684 | -22.9% |
| Trade receivables | 40 | €6,987 | €4,573 | -€2,414 | -34.6% |
| Other amounts receivable | 41 | €378 | €1,108 | +€730 | +193% |
| Current investments | 50/53 | €70,010 | €78,990 | +€8,980 | +12.8% |
| Cash at bank and in hand | 54/58 | €68,643 | €44,353 | -€24,291 | -35.4% |
| Deferred charges and accrued income | 490/1 | €4,868 | €6,611 | +€1,743 | +35.8% |
| Total equity and liabilities | 10/49 | €199,111 | €177,808 | -€21,303 | -10.7% |
| Equity | 10/15 | €95,137 | €137,025 | +€41,887 | +44.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,622 | €1,622 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,622 | €1,622 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,622 | €1,622 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,515 | €115,403 | +€41,887 | +57.0% |
| Amounts payable | 17/49 | €103,973 | €40,783 | -€63,190 | -60.8% |
| Amounts payable within one year | 42/48 | €103,973 | €40,783 | -€63,190 | -60.8% |
| Trade debts | 44 | €10,428 | €6,577 | -€3,851 | -36.9% |
| Suppliers | 440/4 | €10,428 | €6,577 | -€3,851 | -36.9% |
| Taxes, remuneration and social security | 45 | €38,917 | €29,001 | -€9,917 | -25.5% |
| Taxes | 450/3 | €34,909 | €24,314 | -€10,595 | -30.3% |
| Remuneration and social security | 454/9 | €4,009 | €4,687 | +€678 | +16.9% |
| Other amounts payable | 47/48 | €54,628 | €5,205 | -€49,423 | -90.5% |
| Remuneration, social security and pensions | 62 | €70,953 | €77,003 | +€6,049 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,661 | €14,668 | +€2,007 | +15.9% |
| Other operating charges | 640/8 | €8,510 | €4,184 | -€4,326 | -50.8% |
| Gross operating margin | 9900 | €160,332 | €175,795 | +€15,463 | +9.6% |
| Operating profit (loss) | 9901 | €68,208 | €79,941 | +€11,733 | +17.2% |
| Financial income | 75/76B | €600 | €1,184 | +€584 | +97.5% |
| Recurring financial income | 75 | €600 | €1,184 | +€584 | +97.5% |
| Financial charges | 65/66B | €6,584 | €9,555 | +€2,971 | +45.1% |
| Recurring financial charges | 65 | €6,584 | €9,555 | +€2,971 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €62,223 | €71,570 | +€9,346 | +15.0% |
| Income taxes | 67/77 | €14,046 | €29,683 | +€15,637 | +111% |
| Profit (loss) for the period | 9904 | €48,178 | €41,887 | -€6,290 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,178 | €41,887 | -€6,290 | -13.1% |
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 21 October 2026 via checked.be.