Ekreo: 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.
Ekreo
Largest movements
- Tangible fixed assets +€87,906
up €87,906 (+66.5%), from €132,121 to €220,027
of which Leasing and similar rights: +€174,385
- Receivables within one year -€45,000
down €45,000 (-52.5%), from €85,646 to €40,646
of which Trade receivables: -€43,937
- Financial fixed assets +€18,350
up €18,350 (+1,073%), from €1,710 to €20,060
- Cash -€10,262
down €10,262 (-95.4%), from €10,757 to €496
mainly Investment in fixed assets (net) (-€118,211) and Contributions, distributions and other (-€10,000)
- Deferred charges and accrued income +€3,645
up €3,645, from €0 to €3,645
- Debts after one year +€61,891
up €61,891 (+63.5%), from €97,513 to €159,404
- Other debts +€9,682
up €9,682 (+182%), from €5,329 to €15,011
- Reserves -€9,428
down €9,428 (-9.2%), from €102,159 to €92,731
- Short-term financial debts -€8,072
down €8,072 (-100%), from €8,072 to €0
of which Credit institutions: -€8,072
- Tax, wage and social debts -€3,492
down €3,492 (-24.3%), from €14,366 to €10,875
of which Remuneration and social security: -€2,078
- Gross operating margin -€57,508
down €57,508 (-71.9%), from €80,029 to €22,521
- Taxes -€8,507
down €8,507 (-84.1%), from €10,117 to €1,611
- Financial charges +€8,141
up €8,141 (+325%), from €2,501 to €10,642
- Depreciation -€5,107
down €5,107 (-29.9%), from €17,061 to €11,955
- Financial income +€3,255
up €3,255, from €0 to €3,255
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 | €238,827 | €290,000 | +€51,173 | +21.4% |
| Fixed assets | 21/28 | €133,831 | €240,087 | +€106,256 | +79.4% |
| Tangible fixed assets | 22/27 | €132,121 | €220,027 | +€87,906 | +66.5% |
| Land and buildings | 22 | €117,240 | - | -€117,240 | |
| Plant, machinery and equipment | 23 | €642 | €2,228 | +€1,587 | +247% |
| Furniture and vehicles | 24 | €5,638 | €6,365 | +€727 | +12.9% |
| Leasing and similar rights | 25 | - | €174,385 | +€174,385 | |
| Other tangible fixed assets | 26 | €8,602 | €37,049 | +€28,447 | +331% |
| Financial fixed assets | 28 | €1,710 | €20,060 | +€18,350 | +1,073% |
| Current assets | 29/58 | €104,996 | €49,913 | -€55,083 | -52.5% |
| Stocks and contracts in progress | 3 | €8,592 | €5,126 | -€3,466 | -40.3% |
| Stocks | 30/36 | €8,592 | €5,126 | -€3,466 | -40.3% |
| Amounts receivable within one year | 40/41 | €85,646 | €40,646 | -€45,000 | -52.5% |
| Trade receivables | 40 | €59,690 | €15,754 | -€43,937 | -73.6% |
| Other amounts receivable | 41 | €25,956 | €24,892 | -€1,064 | -4.1% |
| Cash at bank and in hand | 54/58 | €10,757 | €496 | -€10,262 | -95.4% |
| Deferred charges and accrued income | 490/1 | €0 | €3,645 | +€3,645 | |
| Total equity and liabilities | 10/49 | €238,827 | €290,000 | +€51,173 | +21.4% |
| Equity | 10/15 | €104,159 | €94,731 | -€9,428 | -9.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €102,159 | €92,731 | -€9,428 | -9.2% |
| Distributable reserves | 133 | €102,159 | €92,731 | -€9,428 | -9.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €134,668 | €195,269 | +€60,601 | +45.0% |
| Amounts payable after more than one year | 17 | €97,513 | €159,404 | +€61,891 | +63.5% |
| Financial debts | 170/4 | €97,513 | €159,404 | +€61,891 | +63.5% |
| Amounts payable within one year | 42/48 | €36,831 | €35,499 | -€1,332 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €2,839 | €6,109 | +€3,271 | +115% |
| Financial debts | 43 | €8,072 | €0 | -€8,072 | -100% |
| Credit institutions | 430/8 | €8,072 | €0 | -€8,072 | -100% |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €6,225 | €3,504 | -€2,721 | -43.7% |
| Suppliers | 440/4 | €6,225 | €3,504 | -€2,721 | -43.7% |
| Taxes, remuneration and social security | 45 | €14,366 | €10,875 | -€3,492 | -24.3% |
| Taxes | 450/3 | €12,288 | €10,875 | -€1,414 | -11.5% |
| Remuneration and social security | 454/9 | €2,078 | €0 | -€2,078 | -100% |
| Other amounts payable | 47/48 | €5,329 | €15,011 | +€9,682 | +182% |
| Accrued charges and deferred income | 492/3 | €324 | €366 | +€43 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,061 | €11,955 | -€5,107 | -29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,690 | €996 | -€694 | -41.1% |
| Non-recurring operating charges | 66A | €16,857 | €0 | -€16,857 | -100% |
| Gross operating margin | 9900 | €80,029 | €22,521 | -€57,508 | -71.9% |
| Operating profit (loss) | 9901 | €44,421 | €9,570 | -€34,850 | -78.5% |
| Financial income | 75/76B | €0 | €3,255 | +€3,255 | |
| Recurring financial income | 75 | €0 | €3,255 | +€3,255 | |
| Financial charges | 65/66B | €2,501 | €10,642 | +€8,141 | +325% |
| Recurring financial charges | 65 | €2,501 | €10,642 | +€8,141 | +325% |
| Profit (loss) for the period before taxes | 9903 | €41,919 | €2,183 | -€39,736 | -94.8% |
| Income taxes | 67/77 | €10,117 | €1,611 | -€8,507 | -84.1% |
| Profit (loss) for the period | 9904 | €31,802 | €572 | -€31,230 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,802 | €572 | -€31,230 | -98.2% |
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 23 October 2026 via checked.be.