EKINSOL: 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.
EKINSOL
Largest movements
- Tangible fixed assets +€38,894
up €38,894 (+155%), from €25,025 to €63,919
of which Other tangible fixed assets: +€40,675
- Cash -€12,967
down €12,967 (-48.0%), from €26,990 to €14,022
mainly Investment in fixed assets (net) (-€62,528) and Other debts (-€23,843)
- Intangible fixed assets +€7,418
up €7,418 (+28.7%), from €25,855 to €33,273
- Financial fixed assets -€2,100
down €2,100 (-100%), from €2,100 to €0
- Deferred charges and accrued income +€1,570
up €1,570 (+286%), from €549 to €2,118
- Reserves +€30,361
up €30,361 (+142%), from €21,323 to €51,684
- Debts after one year +€28,178
up €28,178 (+1,546%), from €1,823 to €30,000
- Other debts -€23,843
down €23,843 (-54.5%), from €43,725 to €19,882
- Current portion of long-term debt +€10,604
up €10,604 (+280%), from €3,784 to €14,388
- Tax, wage and social debts -€6,176
down €6,176 (-31.3%), from €19,741 to €13,565
of which Remuneration and social security: -€7,322
- Financial income -€13,608
down €13,608 (-100%), from €13,608 to €0
of which Non-recurring financial income: -€13,501
- Staff costs +€5,641
up €5,641 (+25.4%), from €22,187 to €27,827
- Gross operating margin -€5,286
down €5,286 (-5.9%), from €90,167 to €84,881
- Taxes -€4,959
down €4,959 (-46.3%), from €10,700 to €5,741
- Depreciation +€3,675
up €3,675 (+25.1%), from €14,642 to €18,316
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 | €109,167 | €141,192 | +€32,024 | +29.3% |
| Fixed assets | 21/28 | €52,980 | €97,192 | +€44,212 | +83.5% |
| Intangible fixed assets | 21 | €25,855 | €33,273 | +€7,418 | +28.7% |
| Tangible fixed assets | 22/27 | €25,025 | €63,919 | +€38,894 | +155% |
| Plant, machinery and equipment | 23 | €14,329 | €17,374 | +€3,045 | +21.3% |
| Furniture and vehicles | 24 | €8,996 | €4,922 | -€4,074 | -45.3% |
| Leasing and similar rights | 25 | €753 | €0 | -€753 | -100% |
| Other tangible fixed assets | 26 | €948 | €41,623 | +€40,675 | +4,292% |
| Financial fixed assets | 28 | €2,100 | €0 | -€2,100 | -100% |
| Current assets | 29/58 | €56,187 | €44,000 | -€12,188 | -21.7% |
| Amounts receivable within one year | 40/41 | €28,649 | €27,859 | -€790 | -2.8% |
| Trade receivables | 40 | €28,649 | €23,600 | -€5,049 | -17.6% |
| Other amounts receivable | 41 | €0 | €4,259 | +€4,259 | |
| Cash at bank and in hand | 54/58 | €26,990 | €14,022 | -€12,967 | -48.0% |
| Deferred charges and accrued income | 490/1 | €549 | €2,118 | +€1,570 | +286% |
| Total equity and liabilities | 10/49 | €109,167 | €141,192 | +€32,024 | +29.3% |
| Equity | 10/15 | €24,323 | €54,684 | +€30,361 | +125% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,323 | €51,684 | +€30,361 | +142% |
| Distributable reserves | 133 | €21,323 | €51,684 | +€30,361 | +142% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,844 | €86,508 | +€1,663 | +2.0% |
| Amounts payable after more than one year | 17 | €1,823 | €30,000 | +€28,178 | +1,546% |
| Financial debts | 170/4 | €1,823 | €30,000 | +€28,178 | +1,546% |
| Amounts payable within one year | 42/48 | €81,571 | €56,202 | -€25,368 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €3,784 | €14,388 | +€10,604 | +280% |
| Financial debts | 43 | - | €66 | +€66 | |
| Credit institutions | 430/8 | - | €66 | +€66 | |
| Trade debts | 44 | €14,321 | €8,301 | -€6,020 | -42.0% |
| Suppliers | 440/4 | €14,321 | €8,301 | -€6,020 | -42.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,741 | €13,565 | -€6,176 | -31.3% |
| Taxes | 450/3 | €8,269 | €9,415 | +€1,146 | +13.9% |
| Remuneration and social security | 454/9 | €11,472 | €4,150 | -€7,322 | -63.8% |
| Other amounts payable | 47/48 | €43,725 | €19,882 | -€23,843 | -54.5% |
| Accrued charges and deferred income | 492/3 | €1,451 | €305 | -€1,146 | -79.0% |
| Non-recurring operating income | 76A | €1,558 | €0 | -€1,558 | -100% |
| Remuneration, social security and pensions | 62 | €22,187 | €27,827 | +€5,641 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,642 | €18,316 | +€3,675 | +25.1% |
| Other operating charges | 640/8 | €1,106 | €1,051 | -€55 | -4.9% |
| Non-recurring operating charges | 66A | €687 | €0 | -€687 | -100% |
| Gross operating margin | 9900 | €90,167 | €84,881 | -€5,286 | -5.9% |
| Operating profit (loss) | 9901 | €51,547 | €37,687 | -€13,860 | -26.9% |
| Financial income | 75/76B | €13,608 | €0 | -€13,608 | -100% |
| Recurring financial income | 75 | €107 | €0 | -€107 | -100% |
| Non-recurring financial income | 76B | €13,501 | €0 | -€13,501 | -100% |
| Financial charges | 65/66B | €554 | €1,585 | +€1,031 | +186% |
| Recurring financial charges | 65 | €554 | €1,585 | +€1,031 | +186% |
| Profit (loss) for the period before taxes | 9903 | €64,601 | €36,102 | -€28,499 | -44.1% |
| Income taxes | 67/77 | €10,700 | €5,741 | -€4,959 | -46.3% |
| Profit (loss) for the period | 9904 | €53,901 | €30,361 | -€23,540 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,901 | €30,361 | -€23,540 | -43.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.