EWMB: 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.
EWMB
Largest movements
- Tangible fixed assets +€11,409
up €11,409 (+18.0%), from €63,385 to €74,793
of which Furniture and vehicles: +€11,681
- Receivables within one year +€7,284
up €7,284 (+58.8%), from €12,386 to €19,671
of which Other amounts receivable: +€9,159
- Cash -€1,587
down €1,587 (-39.0%), from €4,073 to €2,486
mainly Investment in fixed assets (net) (-€25,041) and Other debts (-€11,688)
- Stocks and contracts +€1,120
up €1,120 (+13.3%), from €8,396 to €9,516
- Debts after one year +€20,803
up €20,803 (+30.9%), from €67,345 to €88,149
- Other debts -€11,688
down €11,688 (-54.1%), from €21,587 to €9,899
- Profit (loss) carried forward +€7,608
up €7,608 (+34.8%), from -€21,867 to -€14,259
- Financial charges -€27,532
down €27,532 (-94.3%), from €29,198 to €1,666
of which Non-recurring financial charges: -€26,947
- Gross operating margin -€5,392
down €5,392 (-18.5%), from €29,171 to €23,779
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 | €89,083 | €106,569 | +€17,486 | +19.6% |
| Fixed assets | 21/28 | €63,385 | €74,793 | +€11,409 | +18.0% |
| Tangible fixed assets | 22/27 | €63,385 | €74,793 | +€11,409 | +18.0% |
| Plant, machinery and equipment | 23 | €3,537 | €3,264 | -€272 | -7.7% |
| Furniture and vehicles | 24 | €59,848 | €71,529 | +€11,681 | +19.5% |
| Current assets | 29/58 | €25,698 | €31,776 | +€6,078 | +23.7% |
| Stocks and contracts in progress | 3 | €8,396 | €9,516 | +€1,120 | +13.3% |
| Stocks | 30/36 | €8,396 | €9,516 | +€1,120 | +13.3% |
| Amounts receivable within one year | 40/41 | €12,386 | €19,671 | +€7,284 | +58.8% |
| Trade receivables | 40 | €9,858 | €7,983 | -€1,875 | -19.0% |
| Other amounts receivable | 41 | €2,529 | €11,688 | +€9,159 | +362% |
| Cash at bank and in hand | 54/58 | €4,073 | €2,486 | -€1,587 | -39.0% |
| Deferred charges and accrued income | 490/1 | €843 | €104 | -€740 | -87.7% |
| Total equity and liabilities | 10/49 | €89,083 | €106,569 | +€17,486 | +19.6% |
| Equity | 10/15 | -€16,867 | -€9,259 | +€7,608 | +45.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,867 | -€14,259 | +€7,608 | +34.8% |
| Amounts payable | 17/49 | €105,949 | €115,828 | +€9,879 | +9.3% |
| Amounts payable after more than one year | 17 | €67,345 | €88,149 | +€20,803 | +30.9% |
| Financial debts | 170/4 | €67,345 | €88,149 | +€20,803 | +30.9% |
| Amounts payable within one year | 42/48 | €38,604 | €27,679 | -€10,925 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €12,596 | €13,197 | +€600 | +4.8% |
| Trade debts | 44 | €2,725 | €2,886 | +€161 | +5.9% |
| Suppliers | 440/4 | €2,725 | €2,886 | +€161 | +5.9% |
| Taxes, remuneration and social security | 45 | €1,696 | €1,698 | +€2 | +0.1% |
| Taxes | 450/3 | €296 | €338 | +€42 | +14.3% |
| Remuneration and social security | 454/9 | €1,400 | €1,360 | -€40 | -2.9% |
| Other amounts payable | 47/48 | €21,587 | €9,899 | -€11,688 | -54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,672 | €13,632 | -€40 | -0.3% |
| Other operating charges | 640/8 | €569 | €590 | +€20 | +3.6% |
| Gross operating margin | 9900 | €29,171 | €23,779 | -€5,392 | -18.5% |
| Operating profit (loss) | 9901 | €14,930 | €9,557 | -€5,373 | -36.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €29,198 | €1,666 | -€27,532 | -94.3% |
| Recurring financial charges | 65 | €2,251 | €1,666 | -€585 | -26.0% |
| Non-recurring financial charges | 66B | €26,947 | - | -€26,947 | |
| Profit (loss) for the period before taxes | 9903 | -€14,268 | €7,891 | +€22,159 | |
| Income taxes | 67/77 | €384 | €283 | -€101 | -26.3% |
| Profit (loss) for the period | 9904 | -€14,652 | €7,608 | +€22,260 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,652 | €7,608 | +€22,260 |
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 16 October 2026 via checked.be.