EKINOKS: 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.
EKINOKS
Largest movements
- Tangible fixed assets -€20,493
down €20,493 (-19.0%), from €107,594 to €87,101
of which Furniture and vehicles: -€16,861
- Receivables within one year -€10,674
down €10,674 (-92.3%), from €11,568 to €894
- Deferred charges and accrued income -€2,544
down €2,544 (-21.7%), from €11,736 to €9,193
- Cash -€2,187
down €2,187 (-46.0%), from €4,759 to €2,572
mainly Short-term financial debts (-€18,207) and Net result for the year (-€8,946)
- Short-term financial debts -€18,207
no longer reported in 2025 (was €18,207)
- Profit (loss) carried forward -€8,946
down €8,946 (-21.0%), from -€42,599 to -€51,545
- Trade debts -€8,173
down €8,173 (-40.8%), from €20,048 to €11,875
- Debts after one year -€7,810
down €7,810 (-13.8%), from €56,454 to €48,644
- Current portion of long-term debt +€5,481
up €5,481 (+24.2%), from €22,654 to €28,134
- Gross operating margin +€17,138
up €17,138 (+10.2%), from €167,395 to €184,532
- Financial income -€16,941
down €16,941 (-88.1%), from €19,228 to €2,287
of which Non-recurring financial income: -€19,228
- Staff costs +€13,900
up €13,900 (+9.9%), from €140,444 to €154,344
- Depreciation +€8,282
up €8,282 (+47.9%), from €17,305 to €25,588
- Other operating charges +€3,432
up €3,432 (+213%), from €1,610 to €5,041
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 | €138,081 | €102,347 | -€35,734 | -25.9% |
| Fixed assets | 21/28 | €107,594 | €87,101 | -€20,493 | -19.0% |
| Tangible fixed assets | 22/27 | €107,594 | €87,101 | -€20,493 | -19.0% |
| Land and buildings | 22 | €12,910 | €10,331 | -€2,579 | -20.0% |
| Plant, machinery and equipment | 23 | €22,437 | €21,384 | -€1,052 | -4.7% |
| Furniture and vehicles | 24 | €72,247 | €55,386 | -€16,861 | -23.3% |
| Current assets | 29/58 | €30,487 | €15,246 | -€15,241 | -50.0% |
| Stocks and contracts in progress | 3 | €2,423 | €2,587 | +€164 | +6.8% |
| Stocks | 30/36 | €2,423 | €2,587 | +€164 | +6.8% |
| Amounts receivable within one year | 40/41 | €11,568 | €894 | -€10,674 | -92.3% |
| Other amounts receivable | 41 | €11,568 | €894 | -€10,674 | -92.3% |
| Cash at bank and in hand | 54/58 | €4,759 | €2,572 | -€2,187 | -46.0% |
| Deferred charges and accrued income | 490/1 | €11,736 | €9,193 | -€2,544 | -21.7% |
| Total equity and liabilities | 10/49 | €138,081 | €102,347 | -€35,734 | -25.9% |
| Equity | 10/15 | -€1,418 | -€10,364 | -€8,946 | -631% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,581 | €22,581 | = | 0.0% |
| Distributable reserves | 133 | €22,581 | €22,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,599 | -€51,545 | -€8,946 | -21.0% |
| Amounts payable | 17/49 | €139,499 | €112,711 | -€26,788 | -19.2% |
| Amounts payable after more than one year | 17 | €56,454 | €48,644 | -€7,810 | -13.8% |
| Financial debts | 170/4 | €56,454 | €48,644 | -€7,810 | -13.8% |
| Amounts payable within one year | 42/48 | €83,045 | €64,067 | -€18,977 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €22,654 | €28,134 | +€5,481 | +24.2% |
| Financial debts | 43 | €18,207 | - | -€18,207 | |
| Credit institutions | 430/8 | €18,207 | - | -€18,207 | |
| Trade debts | 44 | €20,048 | €11,875 | -€8,173 | -40.8% |
| Suppliers | 440/4 | €20,048 | €11,875 | -€8,173 | -40.8% |
| Taxes, remuneration and social security | 45 | €22,137 | €20,260 | -€1,877 | -8.5% |
| Taxes | 450/3 | €21,140 | €13,985 | -€7,155 | -33.8% |
| Remuneration and social security | 454/9 | €996 | €6,275 | +€5,279 | +530% |
| Other amounts payable | 47/48 | - | €3,798 | +€3,798 | |
| Remuneration, social security and pensions | 62 | €140,444 | €154,344 | +€13,900 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,305 | €25,588 | +€8,282 | +47.9% |
| Other operating charges | 640/8 | €1,610 | €5,041 | +€3,432 | +213% |
| Gross operating margin | 9900 | €167,395 | €184,532 | +€17,138 | +10.2% |
| Operating profit (loss) | 9901 | €8,035 | -€441 | -€8,477 | |
| Financial income | 75/76B | €19,228 | €2,287 | -€16,941 | -88.1% |
| Recurring financial income | 75 | €19,228 | €2,287 | -€16,941 | -88.1% |
| Non-recurring financial income | 76B | €19,228 | - | -€19,228 | |
| Financial charges | 65/66B | €8,688 | €10,792 | +€2,104 | +24.2% |
| Recurring financial charges | 65 | €8,688 | €10,792 | +€2,104 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €18,575 | -€8,946 | -€27,521 | |
| Income taxes | 67/77 | €1,714 | - | -€1,714 | |
| Profit (loss) for the period | 9904 | €16,861 | -€8,946 | -€25,807 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,861 | -€8,946 | -€25,807 |
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.