EWAPD CONSTRUCT: what changed
EWAPD CONSTRUCT
Largest movements
- Receivables within one year +€31,666
up €31,666 (+30.5%), from €103,712 to €135,378
of which Trade receivables: +€33,064
- Tangible fixed assets -€4,781
down €4,781 (-44.9%), from €10,637 to €5,856
- Financial fixed assets +€2,800
up €2,800 (+667%), from €420 to €3,220
- Cash +€2,655
up €2,655 (+73.1%), from €3,633 to €6,287
mainly Net result for the year (+€16,682) and Tax, wage and social debts (+€6,336)
- Profit (loss) carried forward +€16,682
up €16,682, from -€7,254 to €9,428
- Tax, wage and social debts +€6,336
up €6,336 (+40.7%), from €15,565 to €21,901
of which Remuneration and social security: +€3,969
- Advances received +€4,564
new in 2025: €4,564
- Trade debts +€3,743
up €3,743 (+5.5%), from €67,806 to €71,549
- Gross operating margin +€34,066
up €34,066 (+50.8%), from €67,119 to €101,185
- Other operating charges +€21,125
up €21,125 (+251%), from €8,418 to €29,543
- Financial charges +€2,309
up €2,309 (+95.4%), from €2,420 to €4,729
- Financial income -€1,667
down €1,667 (-99.9%), from €1,669 to €2
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,129 | €151,443 | +€31,313 | +26.1% |
| Fixed assets | 21/28 | €11,057 | €9,076 | -€1,981 | -17.9% |
| Tangible fixed assets | 22/27 | €10,637 | €5,856 | -€4,781 | -44.9% |
| Furniture and vehicles | 24 | €10,637 | €5,856 | -€4,781 | -44.9% |
| Financial fixed assets | 28 | €420 | €3,220 | +€2,800 | +667% |
| Current assets | 29/58 | €109,073 | €142,366 | +€33,294 | +30.5% |
| Amounts receivable within one year | 40/41 | €103,712 | €135,378 | +€31,666 | +30.5% |
| Trade receivables | 40 | €90,319 | €123,383 | +€33,064 | +36.6% |
| Other amounts receivable | 41 | €13,393 | €11,995 | -€1,398 | -10.4% |
| Cash at bank and in hand | 54/58 | €3,633 | €6,287 | +€2,655 | +73.1% |
| Deferred charges and accrued income | 490/1 | €1,728 | €701 | -€1,027 | -59.4% |
| Total equity and liabilities | 10/49 | €120,129 | €151,443 | +€31,313 | +26.1% |
| Equity | 10/15 | €36,746 | €53,428 | +€16,682 | +45.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,254 | €9,428 | +€16,682 | |
| Amounts payable | 17/49 | €83,383 | €98,015 | +€14,631 | +17.5% |
| Amounts payable within one year | 42/48 | €83,371 | €98,014 | +€14,643 | +17.6% |
| Trade debts | 44 | €67,806 | €71,549 | +€3,743 | +5.5% |
| Suppliers | 440/4 | €67,806 | €71,549 | +€3,743 | +5.5% |
| Advances received on contracts in progress | 46 | - | €4,564 | +€4,564 | |
| Taxes, remuneration and social security | 45 | €15,565 | €21,901 | +€6,336 | +40.7% |
| Taxes | 450/3 | €9,299 | €11,665 | +€2,367 | +25.5% |
| Remuneration and social security | 454/9 | €6,267 | €10,236 | +€3,969 | +63.3% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -99.4% |
| Remuneration, social security and pensions | 62 | €38,220 | €39,048 | +€829 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,154 | €4,781 | -€373 | -7.2% |
| Other operating charges | 640/8 | €8,418 | €29,543 | +€21,125 | +251% |
| Gross operating margin | 9900 | €67,119 | €101,185 | +€34,066 | +50.8% |
| Operating profit (loss) | 9901 | €15,327 | €27,813 | +€12,485 | +81.5% |
| Financial income | 75/76B | €1,669 | €2 | -€1,667 | -99.9% |
| Recurring financial income | 75 | €1,669 | €2 | -€1,667 | -99.9% |
| Financial charges | 65/66B | €2,420 | €4,729 | +€2,309 | +95.4% |
| Recurring financial charges | 65 | €2,420 | €4,729 | +€2,309 | +95.4% |
| Profit (loss) for the period before taxes | 9903 | €14,576 | €23,085 | +€8,509 | +58.4% |
| Income taxes | 67/77 | €5,518 | €6,403 | +€885 | +16.0% |
| Profit (loss) for the period | 9904 | €9,058 | €16,682 | +€7,624 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,058 | €16,682 | +€7,624 | +84.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.