EKINAXE: what changed
Two fiscal 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.
EKINAXE
Largest movements
- Receivables within one year -€19,170
down €19,170 (-99.0%), from €19,370 to €200
of which Trade receivables: -€19,370
- Deferred charges and accrued income +€15,047
up €15,047 (+2680.0%), from €561 to €15,609
- Cash +€8,382
up €8,382 (+53.0%), from €15,816 to €24,198
mainly Receivables within one year (+€19,170) and Net result for the year (+€13,999)
- Tangible fixed assets -€5,230
down €5,230 (-16.8%), from €31,091 to €25,861
- Profit (loss) carried forward +€31,463
new in 2025: €31,463
- Reserves -€17,464
down €17,464 (-100.0%), from €17,464 to €0
- Debts after one year -€13,452
down €13,452 (-52.0%), from €25,878 to €12,425
- Trade debts -€1,792
down €1,792 (-92.4%), from €1,939 to €147
- Accrued charges and deferred income -€1,566
down €1,566 (-100.0%), from €1,566 to €0
- Other operating charges +€34,013
up €34,013 (+11098.6%), from €306 to €34,319
- Gross operating margin +€27,801
up €27,801 (+97.9%), from €28,411 to €56,212
- Depreciation -€3,939
down €3,939 (-79.1%), from €4,977 to €1,038
- Financial charges +€1,850
up €1,850 (+902.4%), from €205 to €2,055
- Taxes -€658
down €658 (-12.1%), from €5,458 to €4,800
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.
Cash bridge derived
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 | €66,839 | €65,933 | -€906 | -1.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €31,091 | €25,926 | -€5,165 | -16.6% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -24.1% |
| Tangible fixed assets | 22/27 | €31,091 | €25,861 | -€5,230 | -16.8% |
| Furniture and vehicles | 24 | €31,091 | €25,861 | -€5,230 | -16.8% |
| Financial fixed assets | 28 | - | €65 | +€65 | |
| Current assets | 29/58 | €35,747 | €40,007 | +€4,259 | +11.9% |
| Amounts receivable within one year | 40/41 | €19,370 | €200 | -€19,170 | -99.0% |
| Trade receivables | 40 | €19,370 | €0 | -€19,370 | -100.0% |
| Other amounts receivable | 41 | - | €200 | +€200 | |
| Cash at bank and in hand | 54/58 | €15,816 | €24,198 | +€8,382 | +53.0% |
| Deferred charges and accrued income | 490/1 | €561 | €15,609 | +€15,047 | +2680.0% |
| Total equity and liabilities | 10/49 | €66,839 | €65,933 | -€906 | -1.4% |
| Equity | 10/15 | €21,464 | €35,463 | +€13,999 | +65.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €17,464 | €0 | -€17,464 | -100.0% |
| Distributable reserves | 133 | €17,464 | €0 | -€17,464 | -100.0% |
| Profit (loss) carried forward | 14 | - | €31,463 | +€31,463 | |
| Amounts payable | 17/49 | €45,375 | €30,470 | -€14,905 | -32.8% |
| Amounts payable after more than one year | 17 | €25,878 | €12,425 | -€13,452 | -52.0% |
| Financial debts | 170/4 | €25,878 | €12,425 | -€13,452 | -52.0% |
| Amounts payable within one year | 42/48 | €17,931 | €18,044 | +€113 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €6,036 | €6,508 | +€472 | +7.8% |
| Trade debts | 44 | €1,939 | €147 | -€1,792 | -92.4% |
| Suppliers | 440/4 | €1,939 | €147 | -€1,792 | -92.4% |
| Taxes, remuneration and social security | 45 | €5,458 | €5,565 | +€107 | +2.0% |
| Taxes | 450/3 | €5,458 | €5,565 | +€107 | +2.0% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €4,498 | €5,824 | +€1,326 | +29.5% |
| Accrued charges and deferred income | 492/3 | €1,566 | €0 | -€1,566 | -100.0% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,977 | €1,038 | -€3,939 | -79.1% |
| Other operating charges | 640/8 | €306 | €34,319 | +€34,013 | +11098.6% |
| Gross operating margin | 9900 | €28,411 | €56,212 | +€27,801 | +97.9% |
| Operating profit (loss) | 9901 | €23,127 | €20,855 | -€2,273 | -9.8% |
| Financial charges | 65/66B | €205 | €2,055 | +€1,850 | +902.4% |
| Recurring financial charges | 65 | €205 | €2,055 | +€1,850 | +902.4% |
| Profit (loss) for the period before taxes | 9903 | €22,922 | €18,799 | -€4,123 | -18.0% |
| Income taxes | 67/77 | €5,458 | €4,800 | -€658 | -12.1% |
| Profit (loss) for the period | 9904 | €17,464 | €13,999 | -€3,465 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,464 | €13,999 | -€3,465 | -19.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.