EW Concepts: 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.
EW Concepts
Largest movements
- Tangible fixed assets +€64,142
up €64,142 (+33.9%), from €189,287 to €253,429
of which Plant, machinery and equipment: +€60,976
- Cash +€7,011
up €7,011 (+503.8%), from €1,392 to €8,403
mainly Depreciation (+€64,054) and Debts after one year (+€43,283)
- Debts after one year +€43,283
up €43,283 (+56.3%), from €76,919 to €120,203
- Current portion of long-term debt +€19,152
up €19,152 (+81.5%), from €23,502 to €42,654
- Other debts +€8,402
up €8,402 (+18.4%), from €45,603 to €54,005
- Trade debts +€4,877
up €4,877 (+17.3%), from €28,199 to €33,075
- Reserves -€4,717
down €4,717 (-28.7%), from €16,437 to €11,720
- Depreciation +€24,887
up €24,887 (+63.5%), from €39,166 to €64,054
- Gross operating margin +€15,551
up €15,551 (+15.6%), from €99,435 to €114,986
- Staff costs +€8,542
up €8,542 (+41.1%), from €20,804 to €29,346
- Financial charges +€4,085
up €4,085 (+87.7%), from €4,658 to €8,743
- Taxes -€3,318
down €3,318 (-43.4%), from €7,653 to €4,334
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,236 | €294,471 | +€73,235 | +33.1% |
| Fixed assets | 21/28 | €189,287 | €253,429 | +€64,142 | +33.9% |
| Tangible fixed assets | 22/27 | €189,287 | €253,429 | +€64,142 | +33.9% |
| Plant, machinery and equipment | 23 | €135,601 | €196,577 | +€60,976 | +45.0% |
| Furniture and vehicles | 24 | €53,686 | €56,852 | +€3,166 | +5.9% |
| Current assets | 29/58 | €31,949 | €41,042 | +€9,093 | +28.5% |
| Amounts receivable within one year | 40/41 | €27,957 | €29,944 | +€1,987 | +7.1% |
| Trade receivables | 40 | €25,004 | €26,515 | +€1,511 | +6.0% |
| Other amounts receivable | 41 | €2,953 | €3,429 | +€476 | +16.1% |
| Cash at bank and in hand | 54/58 | €1,392 | €8,403 | +€7,011 | +503.8% |
| Deferred charges and accrued income | 490/1 | €2,600 | €2,696 | +€96 | +3.7% |
| Total equity and liabilities | 10/49 | €221,236 | €294,471 | +€73,235 | +33.1% |
| Equity | 10/15 | €18,937 | €14,220 | -€4,717 | -24.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €16,437 | €11,720 | -€4,717 | -28.7% |
| Distributable reserves | 133 | €16,437 | €11,720 | -€4,717 | -28.7% |
| Amounts payable | 17/49 | €202,299 | €280,251 | +€77,952 | +38.5% |
| Amounts payable after more than one year | 17 | €76,919 | €120,203 | +€43,283 | +56.3% |
| Financial debts | 170/4 | €76,919 | €120,203 | +€43,283 | +56.3% |
| Amounts payable within one year | 42/48 | €124,989 | €159,334 | +€34,345 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €23,502 | €42,654 | +€19,152 | +81.5% |
| Trade debts | 44 | €28,199 | €33,075 | +€4,877 | +17.3% |
| Suppliers | 440/4 | €28,199 | €33,075 | +€4,877 | +17.3% |
| Taxes, remuneration and social security | 45 | €27,685 | €29,600 | +€1,915 | +6.9% |
| Taxes | 450/3 | €25,030 | €26,353 | +€1,323 | +5.3% |
| Remuneration and social security | 454/9 | €2,655 | €3,247 | +€592 | +22.3% |
| Other amounts payable | 47/48 | €45,603 | €54,005 | +€8,402 | +18.4% |
| Accrued charges and deferred income | 492/3 | €390 | €714 | +€324 | +83.0% |
| Non-recurring operating income | 76A | €4,050 | €0 | -€4,050 | -100.0% |
| Remuneration, social security and pensions | 62 | €20,804 | €29,346 | +€8,542 | +41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,166 | €64,054 | +€24,887 | +63.5% |
| Other operating charges | 640/8 | €11,733 | €14,054 | +€2,321 | +19.8% |
| Gross operating margin | 9900 | €99,435 | €114,986 | +€15,551 | +15.6% |
| Operating profit (loss) | 9901 | €27,732 | €7,533 | -€20,199 | -72.8% |
| Financial income | 75/76B | €1,017 | €827 | -€190 | -18.7% |
| Recurring financial income | 75 | €1,017 | €827 | -€190 | -18.7% |
| Financial charges | 65/66B | €4,658 | €8,743 | +€4,085 | +87.7% |
| Recurring financial charges | 65 | €4,658 | €8,743 | +€4,085 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | €24,090 | -€383 | -€24,473 | |
| Income taxes | 67/77 | €7,653 | €4,334 | -€3,318 | -43.4% |
| Profit (loss) for the period | 9904 | €16,437 | -€4,717 | -€21,155 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,437 | -€4,717 | -€21,155 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.