EWI HOLDING: 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.
What changed
EWI HOLDING
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€801,222
2024 · €3.8m-€3.0m
Equity
€1.3m
2024 · €523,322+€771,222
Cash
€310,342
2024 · €289,539+€20,804
Balance sheet total
€8.9m
2024 · €8.7m+€204,282
Largest movements
Assets
- Receivables within one year +€137,853
up €137,853 (+74.7%), from €184,614 to €322,467
of which Trade receivables: +€135,720
- Current investments +€100,000
new in 2025: €100,000
Equity and liabilities
- Reserves +€771,222
up €771,222 (+167%), from €461,322 to €1.2m
- Debts after one year -€663,675
down €663,675 (-8.4%), from €7.9m to €7.3m
- Tax, wage and social debts +€134,779
up €134,779 (+230%), from €58,669 to €193,447
of which Taxes: +€125,427
Income statement
- Financial income -€3.3m
down €3.3m (-87.0%), from €3.8m to €491,000
of which Non-recurring financial income: -€3.8m
- Financial charges -€237,862
down €237,862 (-59.3%), from €401,249 to €163,386
- Gross operating margin +€232,214
up €232,214 (+48.6%), from €477,318 to €709,532
- Taxes +€113,880
up €113,880 (+247%), from €46,132 to €160,012
- Staff costs +€43,033
new in 2025: €43,033
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.
Result 2024
€3.8m
Gross operating margin
+€232,214
Staff costs
-€43,033
Depreciation
-€5,810
Other operating charges
-€3,453
Financial income
-€3.3m
Financial charges
+€237,862
Taxes
-€113,880
Result 2025
€801,222
raises the resultlowers the result
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.
From operations
+€847,804
Investment
-€133,325
Financing
-€693,675
Cash 2024
€289,539
From operations (derived)
+€847,804
Net result for the year
+€801,222
Depreciation
+€26,101
Receivables after one year
+€74,950
Receivables within one year
-€137,853
Deferred charges and accrued income
-€13,352
Trade debts
-€36,982
Tax, wage and social debts
+€134,779
Smaller working-capital items
-€1,061
Investment (derived)
-€133,325
Investment in fixed assets (net)
-€33,325
Current investments
-€100,000
Financing
-€693,675
Debts after one year
-€663,675
Contributions, distributions and other
-€30,000
Cash 2025
€310,342
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,664,750 | €8,869,032 | +€204,282 | +2.4% |
| Fixed assets | 21/28 | €7,588,088 | €7,595,311 | +€7,224 | +0.1% |
| Intangible fixed assets | 21 | €12,773 | €8,038 | -€4,735 | -37.1% |
| Tangible fixed assets | 22/27 | €596,724 | €608,683 | +€11,959 | +2.0% |
| Land and buildings | 22 | €582,364 | €569,220 | -€13,145 | -2.3% |
| Plant, machinery and equipment | 23 | €3,497 | €5,604 | +€2,106 | +60.2% |
| Furniture and vehicles | 24 | €10,862 | €33,859 | +€22,997 | +212% |
| Financial fixed assets | 28 | €6,978,591 | €6,978,591 | = | 0.0% |
| Current assets | 29/58 | €1,076,662 | €1,273,721 | +€197,058 | +18.3% |
| Amounts receivable after more than one year | 29 | €549,800 | €474,850 | -€74,950 | -13.6% |
| Other amounts receivable | 291 | €549,800 | €474,850 | -€74,950 | -13.6% |
| Amounts receivable within one year | 40/41 | €184,614 | €322,467 | +€137,853 | +74.7% |
| Trade receivables | 40 | €178,336 | €314,055 | +€135,720 | +76.1% |
| Other amounts receivable | 41 | €6,279 | €8,411 | +€2,133 | +34.0% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €289,539 | €310,342 | +€20,804 | +7.2% |
| Deferred charges and accrued income | 490/1 | €52,709 | €66,062 | +€13,352 | +25.3% |
| Total equity and liabilities | 10/49 | €8,664,750 | €8,869,032 | +€204,282 | +2.4% |
| Equity | 10/15 | €523,322 | €1,294,544 | +€771,222 | +147% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €461,322 | €1,232,544 | +€771,222 | +167% |
| Distributable reserves | 133 | €461,322 | €1,232,544 | +€771,222 | +167% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,141,428 | €7,574,488 | -€566,940 | -7.0% |
| Amounts payable after more than one year | 17 | €7,948,161 | €7,284,486 | -€663,675 | -8.4% |
| Financial debts | 170/4 | €7,948,161 | €7,284,486 | -€663,675 | -8.4% |
| Amounts payable within one year | 42/48 | €193,186 | €289,583 | +€96,397 | +49.9% |
| Trade debts | 44 | €102,168 | €65,185 | -€36,982 | -36.2% |
| Suppliers | 440/4 | €102,168 | €65,185 | -€36,982 | -36.2% |
| Taxes, remuneration and social security | 45 | €58,669 | €193,447 | +€134,779 | +230% |
| Taxes | 450/3 | €58,669 | €184,096 | +€125,427 | +214% |
| Remuneration and social security | 454/9 | - | €9,351 | +€9,351 | |
| Other amounts payable | 47/48 | €32,349 | €30,950 | -€1,399 | -4.3% |
| Accrued charges and deferred income | 492/3 | €82 | €420 | +€338 | +413% |
| Remuneration, social security and pensions | 62 | - | €43,033 | +€43,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,291 | €26,101 | +€5,810 | +28.6% |
| Other operating charges | 640/8 | €3,324 | €6,777 | +€3,453 | +104% |
| Gross operating margin | 9900 | €477,318 | €709,532 | +€232,214 | +48.6% |
| Operating profit (loss) | 9901 | €453,703 | €633,621 | +€179,918 | +39.7% |
| Financial income | 75/76B | €3,780,642 | €491,000 | -€3.3m | -87.0% |
| Recurring financial income | 75 | €30,642 | €491,000 | +€460,358 | +1,502% |
| Non-recurring financial income | 76B | €3,750,000 | €0 | -€3.8m | -100% |
| Financial charges | 65/66B | €401,249 | €163,386 | -€237,862 | -59.3% |
| Recurring financial charges | 65 | €401,249 | €163,386 | -€237,862 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | €3,833,096 | €961,234 | -€2.9m | -74.9% |
| Income taxes | 67/77 | €46,132 | €160,012 | +€113,880 | +247% |
| Profit (loss) for the period | 9904 | €3,786,964 | €801,222 | -€3.0m | -78.8% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €3,786,964 | €801,222 | -€3.0m | -78.8% |
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 28 October 2026 via checked.be.