EWoNo: 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.
EWoNo
Largest movements
- Financial fixed assets +€120,000
new in 2025: €120,000
- Tangible fixed assets +€23,596
up €23,596 (+7.7%), from €306,884 to €330,480
of which Plant, machinery and equipment: +€38,849
- Cash -€23,249
down €23,249 (-86.9%), from €26,757 to €3,508
mainly Investment in fixed assets (net) (-€158,155) and Contributions, distributions and other (-€92,481)
- Receivables within one year +€7,200
up €7,200 (+21.5%), from €33,465 to €40,665
of which Other amounts receivable: +€7,209
- Other debts +€96,555
up €96,555 (+157.1%), from €61,470 to €158,025
- Current portion of long-term debt +€24,936
up €24,936 (+39.0%), from €64,000 to €88,936
- Debts after one year +€17,967
up €17,967 (+28.1%), from €64,000 to €81,967
- Tax, wage and social debts -€11,078
down €11,078 (-45.4%), from €24,421 to €13,343
- Trade debts -€7,339
down €7,339 (-59.4%), from €12,354 to €5,015
- Gross operating margin -€16,946
down €16,946 (-10.6%), from €160,302 to €143,356
- Taxes -€15,378
down €15,378 (-35.7%), from €43,083 to €27,705
- Financial charges +€6,058
up €6,058 (+2281.9%), from €265 to €6,324
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 | €372,580 | €496,519 | +€123,938 | +33.3% |
| Fixed assets | 21/28 | €306,884 | €450,480 | +€143,596 | +46.8% |
| Tangible fixed assets | 22/27 | €306,884 | €330,480 | +€23,596 | +7.7% |
| Land and buildings | 22 | €287,933 | €278,219 | -€9,714 | -3.4% |
| Plant, machinery and equipment | 23 | €150 | €38,999 | +€38,849 | +25837.4% |
| Furniture and vehicles | 24 | €18,801 | €13,262 | -€5,539 | -29.5% |
| Financial fixed assets | 28 | - | €120,000 | +€120,000 | |
| Current assets | 29/58 | €65,696 | €46,038 | -€19,658 | -29.9% |
| Amounts receivable within one year | 40/41 | €33,465 | €40,665 | +€7,200 | +21.5% |
| Trade receivables | 40 | €31,841 | €31,832 | -€9 | 0.0% |
| Other amounts receivable | 41 | €1,625 | €8,834 | +€7,209 | +443.7% |
| Cash at bank and in hand | 54/58 | €26,757 | €3,508 | -€23,249 | -86.9% |
| Deferred charges and accrued income | 490/1 | €5,474 | €1,866 | -€3,609 | -65.9% |
| Total equity and liabilities | 10/49 | €372,580 | €496,519 | +€123,938 | +33.3% |
| Equity | 10/15 | €144,595 | €144,595 | = | 0.0% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €143,395 | €143,395 | = | 0.0% |
| Distributable reserves | 133 | €143,395 | €143,395 | = | 0.0% |
| Amounts payable | 17/49 | €227,985 | €351,924 | +€123,938 | +54.4% |
| Amounts payable after more than one year | 17 | €64,000 | €81,967 | +€17,967 | +28.1% |
| Financial debts | 170/4 | €64,000 | €81,967 | +€17,967 | +28.1% |
| Amounts payable within one year | 42/48 | €162,525 | €265,894 | +€103,369 | +63.6% |
| Current portion of amounts payable after more than one year | 42 | €64,000 | €88,936 | +€24,936 | +39.0% |
| Financial debts | 43 | €280 | €575 | +€295 | +105.3% |
| Credit institutions | 430/8 | €280 | €575 | +€295 | +105.3% |
| Trade debts | 44 | €12,354 | €5,015 | -€7,339 | -59.4% |
| Suppliers | 440/4 | €12,354 | €5,015 | -€7,339 | -59.4% |
| Taxes, remuneration and social security | 45 | €24,421 | €13,343 | -€11,078 | -45.4% |
| Taxes | 450/3 | €24,421 | €13,343 | -€11,078 | -45.4% |
| Other amounts payable | 47/48 | €61,470 | €158,025 | +€96,555 | +157.1% |
| Accrued charges and deferred income | 492/3 | €1,460 | €4,063 | +€2,603 | +178.3% |
| Non-recurring operating income | 76A | - | €5,400 | +€5,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,875 | €14,559 | -€1,317 | -8.3% |
| Other operating charges | 640/8 | €2,664 | €2,377 | -€287 | -10.8% |
| Gross operating margin | 9900 | €160,302 | €143,356 | -€16,946 | -10.6% |
| Operating profit (loss) | 9901 | €141,763 | €126,421 | -€15,342 | -10.8% |
| Financial income | 75/76B | €1 | €88 | +€88 | +17572.0% |
| Recurring financial income | 75 | €1 | €88 | +€88 | +17572.0% |
| Financial charges | 65/66B | €265 | €6,324 | +€6,058 | +2281.9% |
| Recurring financial charges | 65 | €265 | €6,324 | +€6,058 | +2281.9% |
| Profit (loss) for the period before taxes | 9903 | €141,498 | €120,185 | -€21,312 | -15.1% |
| Income taxes | 67/77 | €43,083 | €27,705 | -€15,378 | -35.7% |
| Profit (loss) for the period | 9904 | €98,415 | €92,481 | -€5,934 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €98,415 | €92,481 | -€5,934 | -6.0% |
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 4 October 2026 via checked.be.