EKINOX CMS: 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.
EKINOX CMS
Largest movements
- Receivables within one year +€47,627
up €47,627, from €0 to €47,627
of which Other amounts receivable: +€47,500
- Cash -€30,886
down €30,886 (-55.7%), from €55,417 to €24,531
mainly Receivables within one year (-€47,627) and Investment in fixed assets (net) (-€36,938)
- Tangible fixed assets +€14,718
up €14,718 (+19.5%), from €75,372 to €90,089
of which Plant, machinery and equipment: +€33,736
- Other debts +€20,843
up €20,843 (+142.4%), from €14,635 to €35,478
- Profit (loss) carried forward +€4,602
new in 2025: €4,602
- Current portion of long-term debt +€3,956
up €3,956 (+27.5%), from €14,395 to €18,351
- Tax, wage and social debts +€2,091
up €2,091 (+12.1%), from €17,342 to €19,434
of which Taxes: +€1,796
- Debts after one year -€2,063
down €2,063 (-4.8%), from €42,787 to €40,724
- Gross operating margin -€55,568
down €55,568 (-62.6%), from €88,802 to €33,234
- Taxes -€13,857
down €13,857 (-88.5%), from €15,653 to €1,796
- Depreciation -€3,876
down €3,876 (-14.9%), from €26,096 to €22,220
- Other operating charges -€3,846
down €3,846 (-80.8%), from €4,760 to €914
- Staff costs +€1,968
new in 2025: €1,968
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 | €131,497 | €162,970 | +€31,473 | +23.9% |
| Fixed assets | 21/28 | €75,372 | €90,089 | +€14,718 | +19.5% |
| Tangible fixed assets | 22/27 | €75,372 | €90,089 | +€14,718 | +19.5% |
| Plant, machinery and equipment | 23 | €1,376 | €35,112 | +€33,736 | +2452.6% |
| Furniture and vehicles | 24 | €73,996 | €54,978 | -€19,018 | -25.7% |
| Current assets | 29/58 | €56,125 | €72,880 | +€16,756 | +29.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €0 | €47,627 | +€47,627 | |
| Trade receivables | 40 | - | €127 | +€127 | |
| Other amounts receivable | 41 | - | €47,500 | +€47,500 | |
| Cash at bank and in hand | 54/58 | €55,417 | €24,531 | -€30,886 | -55.7% |
| Deferred charges and accrued income | 490/1 | €708 | €722 | +€14 | +2.0% |
| Total equity and liabilities | 10/49 | €131,497 | €162,970 | +€31,473 | +23.9% |
| Equity | 10/15 | €42,004 | €46,606 | +€4,602 | +11.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,004 | €39,004 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Distributable reserves | 133 | €39,004 | €39,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,602 | +€4,602 | |
| Amounts payable | 17/49 | €89,493 | €116,364 | +€26,871 | +30.0% |
| Amounts payable after more than one year | 17 | €42,787 | €40,724 | -€2,063 | -4.8% |
| Financial debts | 170/4 | €42,787 | €40,724 | -€2,063 | -4.8% |
| Amounts payable within one year | 42/48 | €46,705 | €74,119 | +€27,414 | +58.7% |
| Current portion of amounts payable after more than one year | 42 | €14,395 | €18,351 | +€3,956 | +27.5% |
| Trade debts | 44 | €333 | €856 | +€523 | +157.2% |
| Suppliers | 440/4 | €333 | €856 | +€523 | +157.2% |
| Taxes, remuneration and social security | 45 | €17,342 | €19,434 | +€2,091 | +12.1% |
| Taxes | 450/3 | €15,653 | €17,449 | +€1,796 | +11.5% |
| Remuneration and social security | 454/9 | €1,690 | €1,985 | +€296 | +17.5% |
| Other amounts payable | 47/48 | €14,635 | €35,478 | +€20,843 | +142.4% |
| Accrued charges and deferred income | 492/3 | - | €1,520 | +€1,520 | |
| Remuneration, social security and pensions | 62 | - | €1,968 | +€1,968 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,096 | €22,220 | -€3,876 | -14.9% |
| Other operating charges | 640/8 | €4,760 | €914 | -€3,846 | -80.8% |
| Non-recurring operating charges | 66A | - | -€554 | -€554 | |
| Gross operating margin | 9900 | €88,802 | €33,234 | -€55,568 | -62.6% |
| Operating profit (loss) | 9901 | €57,946 | €8,686 | -€49,260 | -85.0% |
| Financial income | 75/76B | €194 | €145 | -€49 | -25.3% |
| Recurring financial income | 75 | €0 | €145 | +€145 | +1445800.0% |
| Non-recurring financial income | 76B | €194 | - | -€194 | |
| Financial charges | 65/66B | €3,483 | €2,432 | -€1,050 | -30.2% |
| Recurring financial charges | 65 | €3,483 | €2,432 | -€1,050 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €54,657 | €6,398 | -€48,259 | -88.3% |
| Income taxes | 67/77 | €15,653 | €1,796 | -€13,857 | -88.5% |
| Profit (loss) for the period | 9904 | €39,004 | €4,602 | -€34,402 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,004 | €4,602 | -€34,402 | -88.2% |
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 2 October 2026 via checked.be.