EWA-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.
EWA-CONSULT
Largest movements
- Tangible fixed assets +€50,784
up €50,784 (+6.8%), from €750,762 to €801,546
of which Other tangible fixed assets: +€44,845
- Receivables within one year -€32,834
down €32,834 (-30.2%), from €108,825 to €75,990
- Cash -€21,090
down €21,090 (-48.0%), from €43,926 to €22,837
mainly Investment in fixed assets (net) (-€112,058) and Trade debts (-€93,626)
- Deferred charges and accrued income -€19,995
down €19,995 (-26.3%), from €75,995 to €56,000
- Trade debts -€93,626
down €93,626 (-62.2%), from €150,461 to €56,835
- Advances received +€30,500
up €30,500 (+203.3%), from €15,000 to €45,500
- Debts after one year +€14,801
up €14,801 (+7.2%), from €206,378 to €221,179
- Current portion of long-term debt +€12,253
up €12,253 (+23.0%), from €53,302 to €65,555
- Reserves +€9,867
up €9,867 (+530.5%), from €1,860 to €11,727
of which Distributable reserves: +€9,867
- Gross operating margin +€34,697
up €34,697 (+23.6%), from €146,791 to €181,488
- Staff costs +€8,719
up €8,719 (+21.2%), from €41,168 to €49,887
- Depreciation +€7,265
up €7,265 (+13.5%), from €54,009 to €61,273
- Taxes +€5,627
up €5,627 (+62.9%), from €8,944 to €14,571
- Other operating charges +€3,540
up €3,540 (+106.4%), from €3,328 to €6,868
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.
Cash bridge derived
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 | €979,507 | €956,373 | -€23,134 | -2.4% |
| Fixed assets | 21/28 | €750,762 | €801,546 | +€50,784 | +6.8% |
| Tangible fixed assets | 22/27 | €750,762 | €801,546 | +€50,784 | +6.8% |
| Land and buildings | 22 | €670,750 | €638,865 | -€31,884 | -4.8% |
| Plant, machinery and equipment | 23 | €25,393 | €22,497 | -€2,896 | -11.4% |
| Furniture and vehicles | 24 | €15,299 | €57,821 | +€42,522 | +277.9% |
| Leasing and similar rights | 25 | €3,303 | €1,501 | -€1,802 | -54.6% |
| Other tangible fixed assets | 26 | €36,017 | €80,862 | +€44,845 | +124.5% |
| Current assets | 29/58 | €228,746 | €154,827 | -€73,919 | -32.3% |
| Amounts receivable within one year | 40/41 | €108,825 | €75,990 | -€32,834 | -30.2% |
| Trade receivables | 40 | €108,825 | €75,990 | -€32,834 | -30.2% |
| Cash at bank and in hand | 54/58 | €43,926 | €22,837 | -€21,090 | -48.0% |
| Deferred charges and accrued income | 490/1 | €75,995 | €56,000 | -€19,995 | -26.3% |
| Total equity and liabilities | 10/49 | €979,507 | €956,373 | -€23,134 | -2.4% |
| Equity | 10/15 | €414,278 | €424,145 | +€9,867 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €11,727 | +€9,867 | +530.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €9,867 | +€9,867 | |
| Profit (loss) carried forward | 14 | €106,218 | €106,218 | = | 0.0% |
| Amounts payable | 17/49 | €565,229 | €532,228 | -€33,001 | -5.8% |
| Amounts payable after more than one year | 17 | €206,378 | €221,179 | +€14,801 | +7.2% |
| Financial debts | 170/4 | €206,378 | €221,179 | +€14,801 | +7.2% |
| Amounts payable within one year | 42/48 | €356,562 | €306,725 | -€49,837 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €53,302 | €65,555 | +€12,253 | +23.0% |
| Financial debts | 43 | €100,251 | €96,181 | -€4,070 | -4.1% |
| Credit institutions | 430/8 | €100,251 | €96,181 | -€4,070 | -4.1% |
| Trade debts | 44 | €150,461 | €56,835 | -€93,626 | -62.2% |
| Suppliers | 440/4 | €150,461 | €56,835 | -€93,626 | -62.2% |
| Advances received on contracts in progress | 46 | €15,000 | €45,500 | +€30,500 | +203.3% |
| Taxes, remuneration and social security | 45 | €25,490 | €25,340 | -€149 | -0.6% |
| Taxes | 450/3 | €16,599 | €17,765 | +€1,166 | +7.0% |
| Remuneration and social security | 454/9 | €8,890 | €7,575 | -€1,315 | -14.8% |
| Other amounts payable | 47/48 | €12,058 | €17,313 | +€5,255 | +43.6% |
| Accrued charges and deferred income | 492/3 | €2,289 | €4,324 | +€2,035 | +88.9% |
| Remuneration, social security and pensions | 62 | €41,168 | €49,887 | +€8,719 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,009 | €61,273 | +€7,265 | +13.5% |
| Other operating charges | 640/8 | €3,328 | €6,868 | +€3,540 | +106.4% |
| Gross operating margin | 9900 | €146,791 | €181,488 | +€34,697 | +23.6% |
| Operating profit (loss) | 9901 | €48,286 | €63,460 | +€15,174 | +31.4% |
| Financial income | 75/76B | €270 | - | -€270 | |
| Recurring financial income | 75 | €270 | - | -€270 | |
| Financial charges | 65/66B | €27,414 | €29,022 | +€1,608 | +5.9% |
| Recurring financial charges | 65 | €27,414 | €29,022 | +€1,608 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €21,143 | €34,438 | +€13,295 | +62.9% |
| Income taxes | 67/77 | €8,944 | €14,571 | +€5,627 | +62.9% |
| Profit (loss) for the period | 9904 | €12,199 | €19,867 | +€7,668 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,199 | €19,867 | +€7,668 | +62.9% |
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 10 October 2026 via checked.be.