EWAL TECHNICS: 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.
EWAL TECHNICS
Largest movements
- Cash -€149,087
down €149,087 (-31.8%), from €468,340 to €319,253
mainly Trade debts (-€193,721) and Short-term financial debts (-€100,000)
- Receivables within one year +€69,632
up €69,632 (+24.5%), from €284,245 to €353,877
of which Other amounts receivable: +€107,000
- Other debts +€229,138
up €229,138 (+64.0%), from €357,833 to €586,971
- Trade debts -€193,721
down €193,721 (-84.1%), from €230,216 to €36,495
- Profit (loss) carried forward +€175,570
up €175,570 (+76.2%), from €230,337 to €405,907
- Reserves -€155,152
down €155,152 (-41.9%), from €370,558 to €215,406
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
- Gross operating margin -€80,778
down €80,778 (-48.9%), from €165,197 to €84,419
- Taxes -€37,065
down €37,065 (-85.4%), from €43,415 to €6,350
- Financial charges -€11,043
down €11,043 (-91.1%), from €12,118 to €1,076
- Staff costs -€3,882
down €3,882 (-56.5%), from €6,871 to €2,989
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 | €1,396,658 | €1,316,052 | -€80,606 | -5.8% |
| Fixed assets | 21/28 | €636,000 | €641,350 | +€5,350 | +0.8% |
| Financial fixed assets | 28 | €636,000 | €641,350 | +€5,350 | +0.8% |
| Current assets | 29/58 | €760,658 | €674,702 | -€85,956 | -11.3% |
| Amounts receivable within one year | 40/41 | €284,245 | €353,877 | +€69,632 | +24.5% |
| Trade receivables | 40 | €284,245 | €246,877 | -€37,368 | -13.1% |
| Other amounts receivable | 41 | - | €107,000 | +€107,000 | |
| Current investments | 50/53 | €6,950 | - | -€6,950 | |
| Cash at bank and in hand | 54/58 | €468,340 | €319,253 | -€149,087 | -31.8% |
| Deferred charges and accrued income | 490/1 | €1,123 | €1,573 | +€450 | +40.1% |
| Total equity and liabilities | 10/49 | €1,396,658 | €1,316,052 | -€80,606 | -5.8% |
| Equity | 10/15 | €619,495 | €639,913 | +€20,418 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €370,558 | €215,406 | -€155,152 | -41.9% |
| Distributable reserves | 133 | €370,558 | €215,406 | -€155,152 | -41.9% |
| Profit (loss) carried forward | 14 | €230,337 | €405,907 | +€175,570 | +76.2% |
| Amounts payable | 17/49 | €777,163 | €676,139 | -€101,024 | -13.0% |
| Amounts payable within one year | 42/48 | €777,163 | €676,139 | -€101,024 | -13.0% |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €230,216 | €36,495 | -€193,721 | -84.1% |
| Suppliers | 440/4 | €230,216 | €36,495 | -€193,721 | -84.1% |
| Taxes, remuneration and social security | 45 | €89,115 | €52,674 | -€36,441 | -40.9% |
| Taxes | 450/3 | €89,115 | €50,074 | -€39,041 | -43.8% |
| Remuneration and social security | 454/9 | - | €2,600 | +€2,600 | |
| Other amounts payable | 47/48 | €357,833 | €586,971 | +€229,138 | +64.0% |
| Remuneration, social security and pensions | 62 | €6,871 | €2,989 | -€3,882 | -56.5% |
| Other operating charges | 640/8 | €1,118 | €1,148 | +€31 | +2.8% |
| Gross operating margin | 9900 | €165,197 | €84,419 | -€80,778 | -48.9% |
| Operating profit (loss) | 9901 | €157,209 | €80,282 | -€76,927 | -48.9% |
| Financial income | 75/76B | - | €1,037 | +€1,037 | |
| Recurring financial income | 75 | - | €1,037 | +€1,037 | |
| Financial charges | 65/66B | €12,118 | €1,076 | -€11,043 | -91.1% |
| Recurring financial charges | 65 | €12,118 | €1,076 | -€11,043 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €145,091 | €80,244 | -€64,846 | -44.7% |
| Income taxes | 67/77 | €43,415 | €6,350 | -€37,065 | -85.4% |
| Profit (loss) for the period | 9904 | €101,676 | €73,894 | -€27,782 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,676 | €73,894 | -€27,782 | -27.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.