Ew&Ra Construct: 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.
Ew&Ra Construct
Largest movements
- Receivables within one year +€68,736
up €68,736 (+1,135%), from €6,054 to €74,790
of which Trade receivables: +€68,736
- Tangible fixed assets +€46,071
up €46,071 (+107%), from €43,135 to €89,206
of which Furniture and vehicles: +€43,570
- Cash +€14,693
up €14,693 (+72.6%), from €20,226 to €34,919
mainly Trade debts (+€96,460) and Net result for the year (+€47,133)
- Deferred charges and accrued income +€5,335
new in 2025: €5,335
- Trade debts +€96,460
up €96,460 (+954%), from €10,109 to €106,570
- Profit (loss) carried forward +€26,133
up €26,133 (+484%), from €5,403 to €31,536
- Debts after one year -€19,205
no longer reported in 2025 (was €19,205)
- Other debts +€15,988
up €15,988 (+117%), from €13,709 to €29,697
- Tax, wage and social debts +€13,180
up €13,180 (+514%), from €2,562 to €15,741
- Gross operating margin +€52,493
up €52,493 (+187%), from €28,016 to €80,510
- Depreciation +€12,530
up €12,530 (+121%), from €10,315 to €22,845
- Taxes +€6,596
up €6,596 (+493%), from €1,338 to €7,934
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 | €69,415 | €204,250 | +€134,835 | +194% |
| Fixed assets | 21/28 | €43,135 | €89,206 | +€46,071 | +107% |
| Tangible fixed assets | 22/27 | €43,135 | €89,206 | +€46,071 | +107% |
| Plant, machinery and equipment | 23 | €1,278 | €3,778 | +€2,500 | +196% |
| Furniture and vehicles | 24 | €41,857 | €85,428 | +€43,570 | +104% |
| Current assets | 29/58 | €26,280 | €115,044 | +€88,764 | +338% |
| Amounts receivable within one year | 40/41 | €6,054 | €74,790 | +€68,736 | +1,135% |
| Trade receivables | 40 | €5,947 | €74,683 | +€68,736 | +1,156% |
| Other amounts receivable | 41 | €107 | €107 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,226 | €34,919 | +€14,693 | +72.6% |
| Deferred charges and accrued income | 490/1 | - | €5,335 | +€5,335 | |
| Total equity and liabilities | 10/49 | €69,415 | €204,250 | +€134,835 | +194% |
| Equity | 10/15 | €6,903 | €33,036 | +€26,133 | +379% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,403 | €31,536 | +€26,133 | +484% |
| Amounts payable | 17/49 | €62,512 | €171,214 | +€108,702 | +174% |
| Amounts payable after more than one year | 17 | €19,205 | - | -€19,205 | |
| Financial debts | 170/4 | €19,205 | - | -€19,205 | |
| Amounts payable within one year | 42/48 | €43,307 | €171,214 | +€127,907 | +295% |
| Current portion of amounts payable after more than one year | 42 | €16,926 | €19,205 | +€2,279 | +13.5% |
| Trade debts | 44 | €10,109 | €106,570 | +€96,460 | +954% |
| Suppliers | 440/4 | €10,109 | €106,570 | +€96,460 | +954% |
| Taxes, remuneration and social security | 45 | €2,562 | €15,741 | +€13,180 | +514% |
| Taxes | 450/3 | €2,562 | €15,741 | +€13,180 | +514% |
| Other amounts payable | 47/48 | €13,709 | €29,697 | +€15,988 | +117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,315 | €22,845 | +€12,530 | +121% |
| Other operating charges | 640/8 | €180 | €687 | +€507 | +281% |
| Non-recurring operating charges | 66A | €1,464 | €480 | -€985 | -67.2% |
| Gross operating margin | 9900 | €28,016 | €80,510 | +€52,493 | +187% |
| Operating profit (loss) | 9901 | €16,057 | €56,498 | +€40,441 | +252% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,136 | €1,431 | -€705 | -33.0% |
| Recurring financial charges | 65 | €2,136 | €1,431 | -€705 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €13,920 | €55,067 | +€41,146 | +296% |
| Income taxes | 67/77 | €1,338 | €7,934 | +€6,596 | +493% |
| Profit (loss) for the period | 9904 | €12,583 | €47,133 | +€34,550 | +275% |
| Profit (loss) for the period to be appropriated | 9905 | €12,583 | €47,133 | +€34,550 | +275% |
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 25 October 2026 via checked.be.