EKW: 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.
EKW
Largest movements
- Cash +€25,312
up €25,312 (+123%), from €20,658 to €45,970
mainly Depreciation (+€22,396) and Net result for the year (+€13,626)
- Tangible fixed assets -€22,396
down €22,396 (-40.8%), from €54,831 to €32,435
- Receivables within one year -€6,720
down €6,720 (-27.6%), from €24,345 to €17,625
of which Trade receivables: -€16,084
- Tax, wage and social debts -€23,008
down €23,008 (-55.1%), from €41,763 to €18,755
of which Taxes: -€15,039
- Profit (loss) carried forward +€13,626
up €13,626 (+30.8%), from €44,286 to €57,913
- Other debts +€5,500
new in 2025: €5,500
- Staff costs +€56,928
up €56,928 (+31.0%), from €183,873 to €240,801
- Gross operating margin +€38,565
up €38,565 (+15.8%), from €244,369 to €282,934
- Depreciation +€13,917
up €13,917 (+164%), from €8,479 to €22,396
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 | €99,834 | €96,030 | -€3,804 | -3.8% |
| Fixed assets | 21/28 | €54,831 | €32,435 | -€22,396 | -40.8% |
| Tangible fixed assets | 22/27 | €54,831 | €32,435 | -€22,396 | -40.8% |
| Furniture and vehicles | 24 | €54,831 | €32,435 | -€22,396 | -40.8% |
| Current assets | 29/58 | €45,003 | €63,595 | +€18,592 | +41.3% |
| Amounts receivable within one year | 40/41 | €24,345 | €17,625 | -€6,720 | -27.6% |
| Trade receivables | 40 | €21,864 | €5,780 | -€16,084 | -73.6% |
| Other amounts receivable | 41 | €2,481 | €11,845 | +€9,364 | +377% |
| Cash at bank and in hand | 54/58 | €20,658 | €45,970 | +€25,312 | +123% |
| Total equity and liabilities | 10/49 | €99,834 | €96,030 | -€3,804 | -3.8% |
| Equity | 10/15 | €47,286 | €60,913 | +€13,626 | +28.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,286 | €57,913 | +€13,626 | +30.8% |
| Amounts payable | 17/49 | €52,547 | €35,117 | -€17,430 | -33.2% |
| Amounts payable within one year | 42/48 | €52,547 | €35,117 | -€17,430 | -33.2% |
| Trade debts | 44 | €4,475 | €4,553 | +€78 | +1.7% |
| Suppliers | 440/4 | €4,475 | €4,553 | +€78 | +1.7% |
| Advances received on contracts in progress | 46 | €6,309 | €6,309 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €41,763 | €18,755 | -€23,008 | -55.1% |
| Taxes | 450/3 | €26,647 | €11,608 | -€15,039 | -56.4% |
| Remuneration and social security | 454/9 | €15,116 | €7,147 | -€7,969 | -52.7% |
| Other amounts payable | 47/48 | - | €5,500 | +€5,500 | |
| Remuneration, social security and pensions | 62 | €183,873 | €240,801 | +€56,928 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,479 | €22,396 | +€13,917 | +164% |
| Other operating charges | 640/8 | €2,699 | €5,110 | +€2,412 | +89.4% |
| Non-recurring operating charges | 66A | €46,642 | - | -€46,642 | |
| Gross operating margin | 9900 | €244,369 | €282,934 | +€38,565 | +15.8% |
| Operating profit (loss) | 9901 | €2,677 | €14,627 | +€11,950 | +446% |
| Financial charges | 65/66B | €210 | €1,001 | +€791 | +378% |
| Recurring financial charges | 65 | €210 | €1,001 | +€791 | +378% |
| Profit (loss) for the period before taxes | 9903 | €2,468 | €13,626 | +€11,158 | +452% |
| Profit (loss) for the period | 9904 | €2,468 | €13,626 | +€11,158 | +452% |
| Profit (loss) for the period to be appropriated | 9905 | €2,468 | €13,626 | +€11,158 | +452% |
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 14 October 2026 via checked.be.