EWODA: 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.
EWODA
Largest movements
- Cash +€103,956
up €103,956 (+96.7%), from €107,457 to €211,413
mainly Net result for the year (+€97,797) and Tax, wage and social debts (+€5,147)
- Receivables within one year +€2,399
up €2,399 (+21.1%), from €11,395 to €13,794
- Reserves +€96,131
up €96,131 (+112.8%), from €85,211 to €181,342
- Tax, wage and social debts +€5,147
up €5,147 (+17.7%), from €29,083 to €34,230
- Other debts +€3,408
up €3,408 (+245.6%), from €1,388 to €4,795
- Gross operating margin +€16,987
up €16,987 (+15.8%), from €107,720 to €124,707
- Taxes +€4,536
up €4,536 (+20.7%), from €21,936 to €26,472
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 | €119,423 | €225,547 | +€106,124 | +88.9% |
| Fixed assets | 21/28 | €571 | €340 | -€231 | -40.4% |
| Tangible fixed assets | 22/27 | €571 | €340 | -€231 | -40.4% |
| Furniture and vehicles | 24 | €571 | €340 | -€231 | -40.4% |
| Current assets | 29/58 | €118,852 | €225,207 | +€106,354 | +89.5% |
| Amounts receivable within one year | 40/41 | €11,395 | €13,794 | +€2,399 | +21.1% |
| Trade receivables | 40 | €11,395 | €13,794 | +€2,399 | +21.1% |
| Cash at bank and in hand | 54/58 | €107,457 | €211,413 | +€103,956 | +96.7% |
| Total equity and liabilities | 10/49 | €119,423 | €225,547 | +€106,124 | +88.9% |
| Equity | 10/15 | €88,211 | €184,342 | +€96,131 | +109.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €85,211 | €181,342 | +€96,131 | +112.8% |
| Distributable reserves | 133 | €85,211 | €181,342 | +€96,131 | +112.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €31,212 | €41,204 | +€9,993 | +32.0% |
| Amounts payable within one year | 42/48 | €30,770 | €39,704 | +€8,934 | +29.0% |
| Trade debts | 44 | €300 | €679 | +€379 | +126.6% |
| Suppliers | 440/4 | €300 | €679 | +€379 | +126.6% |
| Taxes, remuneration and social security | 45 | €29,083 | €34,230 | +€5,147 | +17.7% |
| Taxes | 450/3 | €29,083 | €34,230 | +€5,147 | +17.7% |
| Other amounts payable | 47/48 | €1,388 | €4,795 | +€3,408 | +245.6% |
| Accrued charges and deferred income | 492/3 | €441 | €1,500 | +€1,059 | +239.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122 | €231 | +€109 | +89.6% |
| Other operating charges | 640/8 | €387 | €128 | -€260 | -67.0% |
| Gross operating margin | 9900 | €107,720 | €124,707 | +€16,987 | +15.8% |
| Operating profit (loss) | 9901 | €107,210 | €124,348 | +€17,138 | +16.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €63 | €79 | +€16 | +25.5% |
| Recurring financial charges | 65 | €63 | €79 | +€16 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €107,147 | €124,269 | +€17,121 | +16.0% |
| Income taxes | 67/77 | €21,936 | €26,472 | +€4,536 | +20.7% |
| Profit (loss) for the period | 9904 | €85,211 | €97,797 | +€12,585 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,211 | €97,797 | +€12,585 | +14.8% |
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 3 October 2026 via checked.be.