EWOOD: 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.
EWOOD
Largest movements
- Receivables within one year +€116,193
up €116,193 (+285%), from €40,789 to €156,982
of which Other amounts receivable: +€100,048
- Cash +€74,788
up €74,788 (+173%), from €43,116 to €117,904
mainly Debts after one year (+€200,000) and Depreciation (+€385)
- Debts after one year +€200,000
new in 2025: €200,000
- Trade debts -€4,721
down €4,721 (-100%), from €4,721 to €0
- Gross operating margin +€7,045
up €7,045 (+94.7%), from -€7,443 to -€398
- Financial income +€893
up €893, from €0 to €893
- Financial charges +€233
up €233 (+169%), from €138 to €371
- Other operating charges +€166
up €166 (+31.4%), from €528 to €694
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 | €84,405 | €276,093 | +€191,688 | +227% |
| Fixed assets | 21/28 | €500 | €115 | -€385 | -77.0% |
| Tangible fixed assets | 22/27 | €500 | €115 | -€385 | -77.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €500 | €115 | -€385 | -77.0% |
| Current assets | 29/58 | €83,905 | €275,978 | +€192,073 | +229% |
| Amounts receivable within one year | 40/41 | €40,789 | €156,982 | +€116,193 | +285% |
| Trade receivables | 40 | €6,400 | €22,546 | +€16,145 | +252% |
| Other amounts receivable | 41 | €34,388 | €134,436 | +€100,048 | +291% |
| Cash at bank and in hand | 54/58 | €43,116 | €117,904 | +€74,788 | +173% |
| Deferred charges and accrued income | 490/1 | €0 | €1,093 | +€1,093 | |
| Total equity and liabilities | 10/49 | €84,405 | €276,093 | +€191,688 | +227% |
| Equity | 10/15 | €77,299 | €75,843 | -€1,456 | -1.9% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,701 | -€29,157 | -€1,456 | -5.3% |
| Amounts payable | 17/49 | €7,106 | €200,250 | +€193,144 | +2,718% |
| Amounts payable after more than one year | 17 | - | €200,000 | +€200,000 | |
| Financial debts | 170/4 | - | €200,000 | +€200,000 | |
| Amounts payable within one year | 42/48 | €4,721 | €0 | -€4,721 | -100% |
| Trade debts | 44 | €4,721 | €0 | -€4,721 | -100% |
| Suppliers | 440/4 | €4,721 | €0 | -€4,721 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,385 | €250 | -€2,135 | -89.5% |
| Non-recurring operating income | 76A | €3,408 | €0 | -€3,408 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €385 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €694 | +€166 | +31.4% |
| Non-recurring operating charges | 66A | €8,481 | €500 | -€7,981 | -94.1% |
| Gross operating margin | 9900 | -€7,443 | -€398 | +€7,045 | +94.7% |
| Operating profit (loss) | 9901 | -€16,838 | -€1,977 | +€14,860 | +88.3% |
| Financial income | 75/76B | €0 | €893 | +€893 | |
| Recurring financial income | 75 | €0 | €893 | +€893 | |
| Financial charges | 65/66B | €138 | €371 | +€233 | +169% |
| Recurring financial charges | 65 | €138 | €371 | +€233 | +169% |
| Profit (loss) for the period before taxes | 9903 | -€16,976 | -€1,456 | +€15,519 | +91.4% |
| Profit (loss) for the period | 9904 | -€16,976 | -€1,456 | +€15,519 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,976 | -€1,456 | +€15,519 | +91.4% |
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 15 October 2026 via checked.be.