EKMW: 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.
EKMW
Largest movements
- Receivables within one year -€98,990
down €98,990 (-92.7%), from €106,800 to €7,810
- Other debts +€242,429
up €242,429 (+17,181%), from €1,411 to €243,840
- Reserves -€175,026
down €175,026 (-87.5%), from €200,026 to €25,000
- Debts after one year -€153,527
down €153,527 (-9.4%), from €1.6m to €1.5m
- Financial charges +€68,282
up €68,282 (+42,095%), from €162 to €68,444
- Gross operating margin +€36,202
up €36,202 (+49.9%), from €72,578 to €108,780
- Taxes -€8,520
down €8,520 (-45.4%), from €18,780 to €10,260
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 | €1,994,765 | €1,917,687 | -€77,078 | -3.9% |
| Fixed assets | 21/28 | €1,778,004 | €1,782,897 | +€4,893 | +0.3% |
| Tangible fixed assets | 22/27 | €792 | €5,685 | +€4,893 | +618% |
| Furniture and vehicles | 24 | €792 | €5,685 | +€4,893 | +618% |
| Financial fixed assets | 28 | €1,777,212 | €1,777,212 | = | 0.0% |
| Current assets | 29/58 | €216,761 | €134,790 | -€81,971 | -37.8% |
| Amounts receivable within one year | 40/41 | €106,800 | €7,810 | -€98,990 | -92.7% |
| Trade receivables | 40 | €106,800 | €7,810 | -€98,990 | -92.7% |
| Cash at bank and in hand | 54/58 | €109,961 | €126,980 | +€17,019 | +15.5% |
| Total equity and liabilities | 10/49 | €1,994,765 | €1,917,687 | -€77,078 | -3.9% |
| Equity | 10/15 | €205,026 | €30,000 | -€175,026 | -85.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €200,026 | €25,000 | -€175,026 | -87.5% |
| Distributable reserves | 133 | €200,026 | €25,000 | -€175,026 | -87.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,789,739 | €1,887,687 | +€97,948 | +5.5% |
| Amounts payable after more than one year | 17 | €1,629,694 | €1,476,167 | -€153,527 | -9.4% |
| Financial debts | 170/4 | €1,629,694 | €1,476,167 | -€153,527 | -9.4% |
| Amounts payable within one year | 42/48 | €160,045 | €411,520 | +€251,475 | +157% |
| Current portion of amounts payable after more than one year | 42 | €147,517 | €153,527 | +€6,010 | +4.1% |
| Trade debts | 44 | €1,136 | €199 | -€937 | -82.5% |
| Suppliers | 440/4 | €1,136 | €199 | -€937 | -82.5% |
| Taxes, remuneration and social security | 45 | €9,981 | €13,954 | +€3,973 | +39.8% |
| Taxes | 450/3 | €9,981 | €13,954 | +€3,973 | +39.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,411 | €243,840 | +€242,429 | +17,181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €353 | €917 | +€563 | +159% |
| Other operating charges | 640/8 | €387 | €405 | +€17 | +4.4% |
| Gross operating margin | 9900 | €72,578 | €108,780 | +€36,202 | +49.9% |
| Operating profit (loss) | 9901 | €71,838 | €107,459 | +€35,622 | +49.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €162 | €68,444 | +€68,282 | +42,095% |
| Recurring financial charges | 65 | €162 | €68,444 | +€68,282 | +42,095% |
| Profit (loss) for the period before taxes | 9903 | €71,675 | €39,016 | -€32,660 | -45.6% |
| Income taxes | 67/77 | €18,780 | €10,260 | -€8,520 | -45.4% |
| Profit (loss) for the period | 9904 | €52,896 | €28,756 | -€24,140 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,896 | €28,756 | -€24,140 | -45.6% |
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 28 October 2026 via checked.be.