EWELINA: 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.
EWELINA
Largest movements
- Stocks and contracts +€14,500
new in 2025: €14,500
- Cash +€12,016
new in 2025: €12,016
mainly Other debts (+€51,980) and Trade debts (+€25,415)
- Tangible fixed assets -€10,220
down €10,220 (-5.7%), from €179,698 to €169,478
of which Land and buildings: -€10,060
- Receivables within one year -€2,549
down €2,549 (-89.7%), from €2,842 to €292
- Other debts +€51,980
up €51,980 (+59.8%), from €86,956 to €138,936
- Trade debts +€25,415
up €25,415 (+77.7%), from €32,702 to €58,117
- Profit (loss) carried forward -€23,223
down €23,223 (-28.8%), from -€80,518 to -€103,741
- Debts after one year -€22,416
down €22,416 (-45.1%), from €49,730 to €27,315
- Tax, wage and social debts -€17,572
down €17,572 (-63.1%), from €27,839 to €10,267
of which Remuneration and social security: -€13,048
- Staff costs -€29,687
no longer reported in 2025 (was €29,687)
- Gross operating margin -€12,543
down €12,543, from €7,610 to -€4,932
- Financial charges -€3,042
down €3,042 (-32.3%), from €9,425 to €6,383
- Financial income +€1,342
up €1,342 (+1,490,967%), from €0 to €1,342
- Other operating charges +€1,070
up €1,070 (+54.6%), from €1,960 to €3,030
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.
Derived cash bridge
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 | €182,540 | €196,286 | +€13,747 | +7.5% |
| Fixed assets | 21/28 | €179,698 | €169,478 | -€10,220 | -5.7% |
| Tangible fixed assets | 22/27 | €179,698 | €169,478 | -€10,220 | -5.7% |
| Land and buildings | 22 | €179,218 | €169,158 | -€10,060 | -5.6% |
| Plant, machinery and equipment | 23 | €480 | €320 | -€160 | -33.3% |
| Current assets | 29/58 | €2,842 | €26,808 | +€23,966 | +843% |
| Stocks and contracts in progress | 3 | - | €14,500 | +€14,500 | |
| Stocks | 30/36 | - | €14,500 | +€14,500 | |
| Amounts receivable within one year | 40/41 | €2,842 | €292 | -€2,549 | -89.7% |
| Other amounts receivable | 41 | €2,842 | €292 | -€2,549 | -89.7% |
| Cash at bank and in hand | 54/58 | - | €12,016 | +€12,016 | |
| Total equity and liabilities | 10/49 | €182,540 | €196,286 | +€13,747 | +7.5% |
| Equity | 10/15 | -€60,058 | -€83,281 | -€23,223 | -38.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,518 | -€103,741 | -€23,223 | -28.8% |
| Amounts payable | 17/49 | €242,598 | €279,568 | +€36,970 | +15.2% |
| Amounts payable after more than one year | 17 | €49,730 | €27,315 | -€22,416 | -45.1% |
| Financial debts | 170/4 | €49,730 | €27,315 | -€22,416 | -45.1% |
| Amounts payable within one year | 42/48 | €192,867 | €252,253 | +€59,386 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €21,533 | €22,416 | +€883 | +4.1% |
| Financial debts | 43 | €23,838 | €22,517 | -€1,321 | -5.5% |
| Credit institutions | 430/8 | €23,838 | €22,517 | -€1,321 | -5.5% |
| Trade debts | 44 | €32,702 | €58,117 | +€25,415 | +77.7% |
| Suppliers | 440/4 | €32,702 | €58,117 | +€25,415 | +77.7% |
| Taxes, remuneration and social security | 45 | €27,839 | €10,267 | -€17,572 | -63.1% |
| Taxes | 450/3 | €14,790 | €10,267 | -€4,523 | -30.6% |
| Remuneration and social security | 454/9 | €13,048 | - | -€13,048 | |
| Other amounts payable | 47/48 | €86,956 | €138,936 | +€51,980 | +59.8% |
| Non-recurring operating income | 76A | €1,653 | - | -€1,653 | |
| Remuneration, social security and pensions | 62 | €29,687 | - | -€29,687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,220 | €10,220 | = | 0.0% |
| Other operating charges | 640/8 | €1,960 | €3,030 | +€1,070 | +54.6% |
| Gross operating margin | 9900 | €7,610 | -€4,932 | -€12,543 | |
| Operating profit (loss) | 9901 | -€34,257 | -€18,182 | +€16,075 | +46.9% |
| Financial income | 75/76B | €0 | €1,342 | +€1,342 | +1,490,967% |
| Recurring financial income | 75 | €0 | €1,342 | +€1,342 | +1,490,967% |
| Financial charges | 65/66B | €9,425 | €6,383 | -€3,042 | -32.3% |
| Recurring financial charges | 65 | €9,425 | €6,383 | -€3,042 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | -€43,681 | -€23,223 | +€20,458 | +46.8% |
| Income taxes | 67/77 | €69 | - | -€69 | |
| Profit (loss) for the period | 9904 | -€43,751 | -€23,223 | +€20,527 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,751 | -€23,223 | +€20,527 | +46.9% |
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 14 October 2026 via checked.be.