EWL TECHNICS: what changed
Two fiscal 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.
EWL TECHNICS
Largest movements
- Receivables within one year +€46,653
up €46,653 (+23.5%), from €198,634 to €245,287
of which Other amounts receivable: +€37,161
- Tangible fixed assets -€7,879
down €7,879 (-2.4%), from €325,008 to €317,129
- Current investments +€6,194
up €6,194 (+23.5%), from €26,387 to €32,581
- Profit (loss) carried forward +€71,386
up €71,386 (+459.2%), from €15,545 to €86,931
- Tax, wage and social debts -€52,316
down €52,316 (-90.0%), from €58,117 to €5,802
of which Taxes: -€52,316
- Other debts +€33,622
up €33,622 (+8.7%), from €384,785 to €418,406
- Gross operating margin +€71,094
up €71,094 (+1013.2%), from €7,017 to €78,110
- Depreciation +€4,887
up €4,887 (+163.3%), from €2,992 to €7,879
- Financial income +€1,865
up €1,865 (+98.9%), from €1,886 to €3,752
- Other operating charges +€1,078
up €1,078 (+111.5%), from €968 to €2,046
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.
Cash bridge derived
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 | €552,317 | €599,721 | +€47,404 | +8.6% |
| Fixed assets | 21/28 | €325,008 | €317,129 | -€7,879 | -2.4% |
| Tangible fixed assets | 22/27 | €325,008 | €317,129 | -€7,879 | -2.4% |
| Land and buildings | 22 | €325,008 | €317,129 | -€7,879 | -2.4% |
| Current assets | 29/58 | €227,309 | €282,592 | +€55,283 | +24.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €198,634 | €245,287 | +€46,653 | +23.5% |
| Trade receivables | 40 | €131,107 | €140,599 | +€9,493 | +7.2% |
| Other amounts receivable | 41 | €67,527 | €104,688 | +€37,161 | +55.0% |
| Current investments | 50/53 | €26,387 | €32,581 | +€6,194 | +23.5% |
| Cash at bank and in hand | 54/58 | €818 | €3,253 | +€2,435 | +297.9% |
| Deferred charges and accrued income | 490/1 | €1,471 | €1,471 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €552,317 | €599,721 | +€47,404 | +8.6% |
| Equity | 10/15 | €75,920 | €147,306 | +€71,386 | +94.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €10,375 | €10,375 | = | 0.0% |
| Distributable reserves | 133 | €10,375 | €10,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,545 | €86,931 | +€71,386 | +459.2% |
| Amounts payable | 17/49 | €476,397 | €452,415 | -€23,982 | -5.0% |
| Amounts payable within one year | 42/48 | €476,397 | €452,415 | -€23,982 | -5.0% |
| Trade debts | 44 | €9,495 | €4,207 | -€5,288 | -55.7% |
| Suppliers | 440/4 | €9,495 | €4,207 | -€5,288 | -55.7% |
| Advances received on contracts in progress | 46 | €24,000 | €24,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €58,117 | €5,802 | -€52,316 | -90.0% |
| Taxes | 450/3 | €58,117 | €5,802 | -€52,316 | -90.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €384,785 | €418,406 | +€33,622 | +8.7% |
| Non-recurring operating income | 76A | - | €54,600 | +€54,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,992 | €7,879 | +€4,887 | +163.3% |
| Other operating charges | 640/8 | €968 | €2,046 | +€1,078 | +111.5% |
| Non-recurring operating charges | 66A | €54,600 | €0 | -€54,600 | -100.0% |
| Gross operating margin | 9900 | €7,017 | €78,110 | +€71,094 | +1013.2% |
| Operating profit (loss) | 9901 | -€51,543 | €68,186 | +€119,729 | |
| Financial income | 75/76B | €1,886 | €3,752 | +€1,865 | +98.9% |
| Recurring financial income | 75 | €1,886 | €3,752 | +€1,865 | +98.9% |
| Financial charges | 65/66B | €225 | €552 | +€327 | +145.0% |
| Recurring financial charges | 65 | €225 | €552 | +€327 | +145.0% |
| Profit (loss) for the period before taxes | 9903 | -€49,882 | €71,386 | +€121,268 | |
| Profit (loss) for the period | 9904 | -€49,882 | €71,386 | +€121,268 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,882 | €71,386 | +€121,268 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.