EWATTCH BENELUX: what changed
EWATTCH BENELUX
Largest movements
- Receivables within one year +€11,641
up €11,641 (+101%), from €11,478 to €23,119
of which Trade receivables: +€13,353
- Intangible fixed assets -€1,080
down €1,080 (-50.1%), from €2,157 to €1,077
- Tangible fixed assets +€1,022
up €1,022 (+866%), from €118 to €1,140
- Financial fixed assets -€851
down €851 (-41.2%), from €2,066 to €1,215
- Other debts +€25,066
up €25,066 (+12.9%), from €195,000 to €220,066
- Profit (loss) carried forward -€11,178
down €11,178 (-3.0%), from -€377,345 to -€388,522
- Short-term financial debts -€4,237
down €4,237 (-5.7%), from €74,316 to €70,078
- Trade debts +€3,208
up €3,208 (+26.2%), from €12,256 to €15,464
- Accrued charges and deferred income -€2,126
down €2,126 (-100%), from €2,126 to €0
- Staff costs -€85,853
down €85,853 (-95.3%), from €90,115 to €4,263
- Gross operating margin +€9,277
up €9,277, from -€6,232 to €3,045
- Other operating charges -€2,508
down €2,508 (-98.4%), from €2,548 to €40
- Financial charges -€1,543
down €1,543 (-15.1%), from €10,203 to €8,660
- Depreciation -€533
down €533 (-29.7%), from €1,793 to €1,261
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
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,496 | €27,229 | +€10,733 | +65.1% |
| Fixed assets | 21/28 | €4,341 | €3,432 | -€909 | -20.9% |
| Intangible fixed assets | 21 | €2,157 | €1,077 | -€1,080 | -50.1% |
| Tangible fixed assets | 22/27 | €118 | €1,140 | +€1,022 | +866% |
| Furniture and vehicles | 24 | €118 | €1,140 | +€1,022 | +866% |
| Financial fixed assets | 28 | €2,066 | €1,215 | -€851 | -41.2% |
| Current assets | 29/58 | €12,155 | €23,796 | +€11,641 | +95.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €11,478 | €23,119 | +€11,641 | +101% |
| Trade receivables | 40 | €8,863 | €22,217 | +€13,353 | +151% |
| Other amounts receivable | 41 | €2,615 | €903 | -€1,712 | -65.5% |
| Deferred charges and accrued income | 490/1 | €677 | €677 | = | 0.0% |
| Total equity and liabilities | 10/49 | €16,496 | €27,229 | +€10,733 | +65.1% |
| Equity | 10/15 | -€317,345 | -€328,522 | -€11,178 | -3.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€377,345 | -€388,522 | -€11,178 | -3.0% |
| Amounts payable | 17/49 | €333,840 | €355,751 | +€21,911 | +6.6% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €281,714 | €305,751 | +€24,037 | +8.5% |
| Financial debts | 43 | €74,316 | €70,078 | -€4,237 | -5.7% |
| Credit institutions | 430/8 | €74,316 | €70,078 | -€4,237 | -5.7% |
| Trade debts | 44 | €12,256 | €15,464 | +€3,208 | +26.2% |
| Suppliers | 440/4 | €12,256 | €15,464 | +€3,208 | +26.2% |
| Taxes, remuneration and social security | 45 | €143 | €143 | = | 0.0% |
| Taxes | 450/3 | €143 | €143 | = | 0.0% |
| Other amounts payable | 47/48 | €195,000 | €220,066 | +€25,066 | +12.9% |
| Accrued charges and deferred income | 492/3 | €2,126 | €0 | -€2,126 | -100% |
| Non-recurring operating income | 76A | €1,200 | €0 | -€1,200 | -100% |
| Remuneration, social security and pensions | 62 | €90,115 | €4,263 | -€85,853 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,793 | €1,261 | -€533 | -29.7% |
| Other operating charges | 640/8 | €2,548 | €40 | -€2,508 | -98.4% |
| Non-recurring operating charges | 66A | €1,126 | €0 | -€1,126 | -100% |
| Gross operating margin | 9900 | -€6,232 | €3,045 | +€9,277 | |
| Operating profit (loss) | 9901 | -€101,815 | -€2,518 | +€99,297 | +97.5% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100% |
| Financial charges | 65/66B | €10,203 | €8,660 | -€1,543 | -15.1% |
| Recurring financial charges | 65 | €10,203 | €8,660 | -€1,543 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | -€112,006 | -€11,178 | +€100,828 | +90.0% |
| Income taxes | 67/77 | €143 | €0 | -€143 | -100% |
| Profit (loss) for the period | 9904 | -€112,149 | -€11,178 | +€100,971 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,149 | -€11,178 | +€100,971 | +90.0% |
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.