EWG SECURITY: 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.
EWG SECURITY
Largest movements
- Cash +€69,793
up €69,793 (+214.4%), from €32,550 to €102,343
mainly Debts after one year (+€65,570) and Depreciation (+€24,217)
- Receivables within one year -€10,899
down €10,899 (-27.0%), from €40,373 to €29,473
of which Trade receivables: -€14,134
- Tangible fixed assets -€10,358
down €10,358 (-11.1%), from €93,043 to €82,685
of which Furniture and vehicles: -€12,544
- Debts after one year +€65,570
up €65,570 (+161.1%), from €40,695 to €106,265
- Reserves -€20,017
down €20,017 (-27.0%), from €74,253 to €54,236
- Other debts -€11,914
down €11,914 (-98.9%), from €12,044 to €131
- Trade debts +€11,397
up €11,397 (+64.0%), from €17,818 to €29,215
- Current portion of long-term debt +€11,089
up €11,089 (+74.9%), from €14,806 to €25,895
- Gross operating margin -€31,499
down €31,499 (-26.3%), from €119,568 to €88,069
- Staff costs -€16,890
down €16,890 (-20.4%), from €82,837 to €65,947
- Taxes -€2,328
down €2,328 (-100.0%), from €2,328 to €0
- Other operating charges +€2,167
up €2,167 (+134.2%), from €1,615 to €3,782
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,063 | €226,449 | +€48,386 | +27.2% |
| Fixed assets | 21/28 | €93,043 | €82,685 | -€10,358 | -11.1% |
| Tangible fixed assets | 22/27 | €93,043 | €82,685 | -€10,358 | -11.1% |
| Land and buildings | 22 | €12,776 | €14,962 | +€2,186 | +17.1% |
| Furniture and vehicles | 24 | €80,267 | €67,723 | -€12,544 | -15.6% |
| Current assets | 29/58 | €85,021 | €143,765 | +€58,744 | +69.1% |
| Amounts receivable within one year | 40/41 | €40,373 | €29,473 | -€10,899 | -27.0% |
| Trade receivables | 40 | €34,204 | €20,070 | -€14,134 | -41.3% |
| Other amounts receivable | 41 | €6,169 | €9,403 | +€3,234 | +52.4% |
| Cash at bank and in hand | 54/58 | €32,550 | €102,343 | +€69,793 | +214.4% |
| Deferred charges and accrued income | 490/1 | €12,098 | €11,949 | -€149 | -1.2% |
| Total equity and liabilities | 10/49 | €178,063 | €226,449 | +€48,386 | +27.2% |
| Equity | 10/15 | €77,253 | €57,236 | -€20,017 | -25.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €74,253 | €54,236 | -€20,017 | -27.0% |
| Distributable reserves | 133 | €74,253 | €54,236 | -€20,017 | -27.0% |
| Amounts payable | 17/49 | €100,810 | €169,214 | +€68,403 | +67.9% |
| Amounts payable after more than one year | 17 | €40,695 | €106,265 | +€65,570 | +161.1% |
| Financial debts | 170/4 | €40,695 | €106,265 | +€65,570 | +161.1% |
| Amounts payable within one year | 42/48 | €60,116 | €62,949 | +€2,833 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €14,806 | €25,895 | +€11,089 | +74.9% |
| Trade debts | 44 | €17,818 | €29,215 | +€11,397 | +64.0% |
| Suppliers | 440/4 | €17,818 | €29,215 | +€11,397 | +64.0% |
| Taxes, remuneration and social security | 45 | €15,448 | €7,709 | -€7,739 | -50.1% |
| Taxes | 450/3 | €3,292 | €644 | -€2,648 | -80.4% |
| Remuneration and social security | 454/9 | €12,155 | €7,065 | -€5,091 | -41.9% |
| Other amounts payable | 47/48 | €12,044 | €131 | -€11,914 | -98.9% |
| Remuneration, social security and pensions | 62 | €82,837 | €65,947 | -€16,890 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,318 | €24,217 | +€899 | +3.9% |
| Other operating charges | 640/8 | €1,615 | €3,782 | +€2,167 | +134.2% |
| Non-recurring operating charges | 66A | €3,191 | €10,538 | +€7,347 | +230.3% |
| Gross operating margin | 9900 | €119,568 | €88,069 | -€31,499 | -26.3% |
| Operating profit (loss) | 9901 | €8,608 | -€16,414 | -€25,022 | |
| Financial income | 75/76B | €331 | €155 | -€176 | -53.2% |
| Recurring financial income | 75 | €331 | €155 | -€176 | -53.2% |
| Financial charges | 65/66B | €3,190 | €3,759 | +€568 | +17.8% |
| Recurring financial charges | 65 | €3,190 | €3,759 | +€568 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €5,749 | -€20,017 | -€25,766 | |
| Income taxes | 67/77 | €2,328 | €0 | -€2,328 | -100.0% |
| Profit (loss) for the period | 9904 | €3,421 | -€20,017 | -€23,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,421 | -€20,017 | -€23,438 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.