EKINOS: 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.
EKINOS
Largest movements
- Cash -€80,799
down €80,799 (-43.9%), from €184,034 to €103,235
mainly Investment in fixed assets (net) (-€77,300) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets +€34,479
up €34,479 (+7.5%), from €458,998 to €493,477
of which Land and buildings: +€51,496
- Debts after one year -€22,644
down €22,644 (-6.0%), from €376,382 to €353,738
- Other debts +€22,089
up €22,089 (+174.3%), from €12,671 to €34,760
- Current portion of long-term debt -€12,990
down €12,990 (-35.9%), from €36,173 to €23,182
- Profit (loss) carried forward -€12,901
down €12,901 (-15.2%), from €84,831 to €71,931
- Reserves -€12,000
down €12,000 (-13.0%), from €92,000 to €80,000
- Depreciation +€15,747
up €15,747 (+58.2%), from €27,074 to €42,821
- Financial charges +€6,799
up €6,799 (+110.6%), from €6,146 to €12,945
- Taxes -€6,665
down €6,665 (-35.9%), from €18,542 to €11,877
- Gross operating margin +€5,769
up €5,769 (+5.2%), from €111,072 to €116,841
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 | €644,016 | €602,445 | -€41,571 | -6.5% |
| Fixed assets | 21/28 | €459,023 | €493,502 | +€34,479 | +7.5% |
| Tangible fixed assets | 22/27 | €458,998 | €493,477 | +€34,479 | +7.5% |
| Land and buildings | 22 | €412,446 | €463,941 | +€51,496 | +12.5% |
| Plant, machinery and equipment | 23 | €5,766 | €2,538 | -€3,228 | -56.0% |
| Furniture and vehicles | 24 | €40,786 | €26,998 | -€13,789 | -33.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €184,993 | €108,944 | -€76,049 | -41.1% |
| Amounts receivable within one year | 40/41 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 41 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €184,034 | €103,235 | -€80,799 | -43.9% |
| Deferred charges and accrued income | 490/1 | €958 | €1,709 | +€750 | +78.3% |
| Total equity and liabilities | 10/49 | €644,016 | €602,445 | -€41,571 | -6.5% |
| Equity | 10/15 | €191,091 | €166,191 | -€24,901 | -13.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €92,000 | €80,000 | -€12,000 | -13.0% |
| Distributable reserves | 133 | €92,000 | €80,000 | -€12,000 | -13.0% |
| Profit (loss) carried forward | 14 | €84,831 | €71,931 | -€12,901 | -15.2% |
| Amounts payable | 17/49 | €452,925 | €436,255 | -€16,670 | -3.7% |
| Amounts payable after more than one year | 17 | €376,382 | €353,738 | -€22,644 | -6.0% |
| Financial debts | 170/4 | €376,382 | €353,738 | -€22,644 | -6.0% |
| Amounts payable within one year | 42/48 | €76,543 | €82,517 | +€5,974 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €36,173 | €23,182 | -€12,990 | -35.9% |
| Trade debts | 44 | €13,090 | €12,130 | -€960 | -7.3% |
| Suppliers | 440/4 | €13,090 | €12,130 | -€960 | -7.3% |
| Taxes, remuneration and social security | 45 | €14,609 | €12,445 | -€2,164 | -14.8% |
| Taxes | 450/3 | €12,542 | €10,377 | -€2,165 | -17.3% |
| Remuneration and social security | 454/9 | €2,067 | €2,068 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €12,671 | €34,760 | +€22,089 | +174.3% |
| Remuneration, social security and pensions | 62 | €19,875 | €21,006 | +€1,131 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,074 | €42,821 | +€15,747 | +58.2% |
| Other operating charges | 640/8 | €3,394 | €3,129 | -€264 | -7.8% |
| Gross operating margin | 9900 | €111,072 | €116,841 | +€5,769 | +5.2% |
| Operating profit (loss) | 9901 | €60,729 | €49,885 | -€10,845 | -17.9% |
| Financial income | 75/76B | €0 | €36 | +€36 | +182100.0% |
| Recurring financial income | 75 | €0 | €36 | +€36 | +182100.0% |
| Financial charges | 65/66B | €6,146 | €12,945 | +€6,799 | +110.6% |
| Recurring financial charges | 65 | €6,146 | €12,945 | +€6,799 | +110.6% |
| Profit (loss) for the period before taxes | 9903 | €54,584 | €36,976 | -€17,607 | -32.3% |
| Income taxes | 67/77 | €18,542 | €11,877 | -€6,665 | -35.9% |
| Profit (loss) for the period | 9904 | €36,041 | €25,099 | -€10,942 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,041 | €25,099 | -€10,942 | -30.4% |
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 4 October 2026 via checked.be.