EKM: 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.
EKM
Largest movements
- Receivables within one year -€46,656
no longer reported in 2025 (was €46,656)
of which Trade receivables: -€35,995
- Tangible fixed assets -€30,002
no longer reported in 2025 (was €30,002)
- Cash -€1,705
down €1,705 (-29.4%), from €5,806 to €4,101
mainly Net result for the year (-€68,476) and Tax, wage and social debts (-€7,759)
- Profit (loss) carried forward -€68,476
down €68,476 (-462.1%), from -€14,818 to -€83,295
- Tax, wage and social debts -€7,759
down €7,759 (-99.5%), from €7,794 to €35
- Trade debts -€2,629
down €2,629 (-75.2%), from €3,496 to €867
- Gross operating margin -€101,687
down €101,687, from €36,163 to -€65,523
- Depreciation -€5,468
no longer reported in 2025 (was €5,468)
- Taxes +€2,900
up €2,900 (+4500.9%), from €64 to €2,965
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 | €83,037 | €4,101 | -€78,936 | -95.1% |
| Fixed assets | 21/28 | €30,002 | - | -€30,002 | |
| Tangible fixed assets | 22/27 | €30,002 | - | -€30,002 | |
| Plant, machinery and equipment | 23 | €30,002 | - | -€30,002 | |
| Current assets | 29/58 | €53,036 | €4,101 | -€48,934 | -92.3% |
| Amounts receivable within one year | 40/41 | €46,656 | - | -€46,656 | |
| Trade receivables | 40 | €35,995 | - | -€35,995 | |
| Other amounts receivable | 41 | €10,661 | - | -€10,661 | |
| Cash at bank and in hand | 54/58 | €5,806 | €4,101 | -€1,705 | -29.4% |
| Deferred charges and accrued income | 490/1 | €574 | - | -€574 | |
| Total equity and liabilities | 10/49 | €83,037 | €4,101 | -€78,936 | -95.1% |
| Equity | 10/15 | €71,108 | €2,632 | -€68,476 | -96.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €79,729 | €79,729 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,729 | €2,729 | = | 0.0% |
| Distributable reserves | 133 | €77,000 | €77,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,818 | -€83,295 | -€68,476 | -462.1% |
| Amounts payable | 17/49 | €11,929 | €1,469 | -€10,460 | -87.7% |
| Amounts payable within one year | 42/48 | €11,929 | €1,469 | -€10,460 | -87.7% |
| Trade debts | 44 | €3,496 | €867 | -€2,629 | -75.2% |
| Suppliers | 440/4 | €3,496 | €867 | -€2,629 | -75.2% |
| Taxes, remuneration and social security | 45 | €7,794 | €35 | -€7,759 | -99.5% |
| Taxes | 450/3 | €7,794 | €35 | -€7,759 | -99.5% |
| Other amounts payable | 47/48 | €640 | €567 | -€73 | -11.4% |
| Non-recurring operating income | 76A | €51,327 | - | -€51,327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,468 | - | -€5,468 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Non-recurring operating charges | 66A | €8,891 | - | -€8,891 | |
| Gross operating margin | 9900 | €36,163 | -€65,523 | -€101,687 | |
| Operating profit (loss) | 9901 | €21,416 | -€65,523 | -€86,940 | |
| Financial income | 75/76B | €97 | €12 | -€85 | -87.8% |
| Recurring financial income | 75 | €97 | €12 | -€85 | -87.8% |
| Financial charges | 65/66B | €85 | - | -€85 | |
| Recurring financial charges | 65 | €85 | - | -€85 | |
| Profit (loss) for the period before taxes | 9903 | €21,428 | -€65,511 | -€86,940 | |
| Income taxes | 67/77 | €64 | €2,965 | +€2,900 | +4500.9% |
| Profit (loss) for the period | 9904 | €21,364 | -€68,476 | -€89,840 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,364 | -€68,476 | -€89,840 |
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.