EKWA CONSULT: 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.
EKWA CONSULT
Largest movements
- Current investments +€132,588
up €132,588 (+15.8%), from €841,557 to €974,146
- Receivables within one year -€35,453
down €35,453 (-53.4%), from €66,431 to €30,978
of which Trade receivables: -€23,545
- Tangible fixed assets -€25,431
down €25,431 (-37.1%), from €68,527 to €43,096
of which Furniture and vehicles: -€24,584
- Reserves +€100,359
up €100,359 (+13.7%), from €730,746 to €831,104
- Trade debts -€17,315
down €17,315 (-84.2%), from €20,558 to €3,243
- Tax, wage and social debts -€12,654
down €12,654 (-43.3%), from €29,203 to €16,548
of which Remuneration and social security: -€9,493
- Staff costs -€79,087
down €79,087 (-67.9%), from €116,443 to €37,356
- Taxes +€31,197
up €31,197 (+304%), from €10,250 to €41,447
- Gross operating margin +€26,004
up €26,004 (+16.0%), from €162,036 to €188,040
- Financial charges -€4,059
down €4,059 (-74.5%), from €5,445 to €1,387
- Financial income +€2,801
up €2,801 (+14.9%), from €18,737 to €21,538
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 | €1,116,150 | €1,177,093 | +€60,943 | +5.5% |
| Fixed assets | 21/28 | €72,052 | €46,621 | -€25,431 | -35.3% |
| Tangible fixed assets | 22/27 | €68,527 | €43,096 | -€25,431 | -37.1% |
| Plant, machinery and equipment | 23 | €1,783 | €936 | -€847 | -47.5% |
| Furniture and vehicles | 24 | €66,745 | €42,161 | -€24,584 | -36.8% |
| Financial fixed assets | 28 | €3,525 | €3,525 | = | 0.0% |
| Current assets | 29/58 | €1,044,098 | €1,130,472 | +€86,374 | +8.3% |
| Amounts receivable within one year | 40/41 | €66,431 | €30,978 | -€35,453 | -53.4% |
| Trade receivables | 40 | €44,836 | €21,291 | -€23,545 | -52.5% |
| Other amounts receivable | 41 | €21,595 | €9,688 | -€11,907 | -55.1% |
| Current investments | 50/53 | €841,557 | €974,146 | +€132,588 | +15.8% |
| Cash at bank and in hand | 54/58 | €131,776 | €122,597 | -€9,178 | -7.0% |
| Deferred charges and accrued income | 490/1 | €4,334 | €2,751 | -€1,583 | -36.5% |
| Total equity and liabilities | 10/49 | €1,116,150 | €1,177,093 | +€60,943 | +5.5% |
| Equity | 10/15 | €749,346 | €849,704 | +€100,359 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €730,746 | €831,104 | +€100,359 | +13.7% |
| Distributable reserves | 133 | €730,746 | €831,104 | +€100,359 | +13.7% |
| Amounts payable | 17/49 | €366,805 | €327,389 | -€39,416 | -10.7% |
| Amounts payable after more than one year | 17 | €1,732 | €0 | -€1,732 | -100% |
| Financial debts | 170/4 | €1,732 | €0 | -€1,732 | -100% |
| Amounts payable within one year | 42/48 | €365,072 | €327,389 | -€37,684 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €6,888 | €1,732 | -€5,155 | -74.8% |
| Financial debts | 43 | €1,713 | €305 | -€1,409 | -82.2% |
| Credit institutions | 430/8 | €1,713 | €305 | -€1,409 | -82.2% |
| Trade debts | 44 | €20,558 | €3,243 | -€17,315 | -84.2% |
| Suppliers | 440/4 | €20,558 | €3,243 | -€17,315 | -84.2% |
| Taxes, remuneration and social security | 45 | €29,203 | €16,548 | -€12,654 | -43.3% |
| Taxes | 450/3 | €16,644 | €13,483 | -€3,161 | -19.0% |
| Remuneration and social security | 454/9 | €12,559 | €3,065 | -€9,493 | -75.6% |
| Other amounts payable | 47/48 | €306,711 | €305,560 | -€1,151 | -0.4% |
| Non-recurring operating income | 76A | - | €12,670 | +€12,670 | |
| Remuneration, social security and pensions | 62 | €116,443 | €37,356 | -€79,087 | -67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,451 | €25,431 | -€20 | -0.1% |
| Other operating charges | 640/8 | €3,535 | €3,597 | +€63 | +1.8% |
| Gross operating margin | 9900 | €162,036 | €188,040 | +€26,004 | +16.0% |
| Operating profit (loss) | 9901 | €16,607 | €121,655 | +€105,048 | +633% |
| Financial income | 75/76B | €18,737 | €21,538 | +€2,801 | +14.9% |
| Recurring financial income | 75 | €18,737 | €21,538 | +€2,801 | +14.9% |
| Financial charges | 65/66B | €5,445 | €1,387 | -€4,059 | -74.5% |
| Recurring financial charges | 65 | €5,445 | €1,387 | -€4,059 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €29,898 | €141,806 | +€111,907 | +374% |
| Income taxes | 67/77 | €10,250 | €41,447 | +€31,197 | +304% |
| Profit (loss) for the period | 9904 | €19,648 | €100,359 | +€80,711 | +411% |
| Profit (loss) for the period to be appropriated | 9905 | €19,648 | €100,359 | +€80,711 | +411% |
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 26 October 2026 via checked.be.