EWC: 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.
EWC
Largest movements
- Receivables within one year -€18,840
down €18,840 (-61.1%), from €30,850 to €12,010
of which Trade receivables: -€22,795
- Intangible fixed assets -€8,656
no longer reported in 2017 (was €8,656)
- Cash +€4,116
new in 2017: €4,116
- Profit (loss) carried forward -€12,288
down €12,288 (-24.3%), from -€50,669 to -€62,957
- Debts within one year -€11,102
down €11,102 (-76.6%), from €14,501 to €3,399
of which Short-term financial debts: -€11,028
- Gross operating margin -€14,489
down €14,489, from €12,802 to -€1,687
- Depreciation -€10,287
down €10,287 (-82.7%), from €12,441 to €2,154
From the 2015 result to the 2017 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2015 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,515 | €16,125 | -€23,390 | -59.2% |
| Fixed assets | 21/28 | €8,656 | - | -€8,656 | |
| Intangible fixed assets | 21 | €8,656 | - | -€8,656 | |
| Current assets | 29/58 | €30,859 | €16,125 | -€14,734 | -47.7% |
| Amounts receivable within one year | 40/41 | €30,850 | €12,010 | -€18,840 | -61.1% |
| Trade receivables | 40 | €22,795 | - | -€22,795 | |
| Other amounts receivable | 41 | €8,055 | - | -€8,055 | |
| Cash at bank and in hand | 54/58 | - | €4,116 | +€4,116 | |
| Deferred charges and accrued income | 490/1 | €9 | - | -€9 | |
| Total equity and liabilities | 10/49 | €39,515 | €16,125 | -€23,390 | -59.2% |
| Equity | 10/15 | €8,489 | -€3,799 | -€12,288 | |
| Contributions | 10/11 | €59,158 | €59,158 | = | 0.0% |
| Capital | 10 | €59,158 | - | -€59,158 | |
| Issued capital | 100 | €59,158 | - | -€59,158 | |
| Profit (loss) carried forward | 14 | -€50,669 | -€62,957 | -€12,288 | -24.3% |
| Amounts payable | 17/49 | €31,026 | €19,925 | -€11,101 | -35.8% |
| Amounts payable after more than one year | 17 | €16,525 | €16,525 | +€0 | 0.0% |
| Financial debts | 170/4 | €16,525 | - | -€16,525 | |
| Amounts payable within one year | 42/48 | €14,501 | €3,399 | -€11,102 | -76.6% |
| Financial debts | 43 | €11,028 | - | -€11,028 | |
| Credit institutions | 430/8 | €11,028 | - | -€11,028 | |
| Taxes, remuneration and social security | 45 | €2,954 | - | -€2,954 | |
| Taxes | 450/3 | €2,954 | - | -€2,954 | |
| Other amounts payable | 47/48 | €519 | - | -€519 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,441 | €2,154 | -€10,287 | -82.7% |
| Other operating charges | 640/8 | €64 | - | -€64 | |
| Gross operating margin | 9900 | €12,802 | -€1,687 | -€14,489 | |
| Operating profit (loss) | 9901 | €297 | -€4,780 | -€5,077 | |
| Recurring financial charges | 65 | €38 | €70 | +€32 | +83.0% |
| Profit (loss) for the period before taxes | 9903 | €259 | -€4,849 | -€5,108 | |
| Profit (loss) for the period | 9904 | €259 | -€4,849 | -€5,108 | |
| Profit (loss) for the period to be appropriated | 9905 | €259 | -€4,849 | -€5,108 |
Source: filed annual accounts (NBB), financial years ended 31 December 2015 and 31 December 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.