EWRENCELL: 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.
EWRENCELL
Largest movements
- Financial fixed assets +€9,000
up €9,000 (+782.6%), from €1,150 to €10,150
- Cash -€3,088
down €3,088 (-61.9%), from €4,988 to €1,899
mainly Investment in fixed assets (net) (-€13,063) and Receivables within one year (-€2,017)
- Tangible fixed assets +€2,951
up €2,951 (+138.8%), from €2,126 to €5,077
- Receivables within one year +€2,017
up €2,017 (+5.7%), from €35,366 to €37,383
of which Other amounts receivable: +€2,404
- Profit (loss) carried forward +€12,409
up €12,409 (+62.3%), from €19,909 to €32,319
- Trade debts -€845
down €845 (-6.2%), from €13,544 to €12,698
- Gross operating margin +€6,035
up €6,035 (+50.2%), from €12,031 to €18,066
- Taxes -€5,594
down €5,594 (-89.1%), from €6,276 to €683
- Financial charges +€1,557
up €1,557 (+554.4%), from €281 to €1,838
- Other operating charges +€509
up €509 (+33.5%), from €1,520 to €2,029
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 | €43,629 | €54,509 | +€10,880 | +24.9% |
| Fixed assets | 21/28 | €3,276 | €15,227 | +€11,951 | +364.8% |
| Tangible fixed assets | 22/27 | €2,126 | €5,077 | +€2,951 | +138.8% |
| Furniture and vehicles | 24 | €2,126 | €5,077 | +€2,951 | +138.8% |
| Financial fixed assets | 28 | €1,150 | €10,150 | +€9,000 | +782.6% |
| Current assets | 29/58 | €40,354 | €39,282 | -€1,071 | -2.7% |
| Amounts receivable within one year | 40/41 | €35,366 | €37,383 | +€2,017 | +5.7% |
| Trade receivables | 40 | €387 | - | -€387 | |
| Other amounts receivable | 41 | €34,979 | €37,383 | +€2,404 | +6.9% |
| Cash at bank and in hand | 54/58 | €4,988 | €1,899 | -€3,088 | -61.9% |
| Total equity and liabilities | 10/49 | €43,629 | €54,509 | +€10,880 | +24.9% |
| Equity | 10/15 | €27,969 | €40,379 | +€12,409 | +44.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,909 | €32,319 | +€12,409 | +62.3% |
| Amounts payable | 17/49 | €15,660 | €14,130 | -€1,530 | -9.8% |
| Amounts payable within one year | 42/48 | €15,660 | €14,130 | -€1,530 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €193 | - | -€193 | |
| Financial debts | 43 | €500 | - | -€500 | |
| Credit institutions | 430/8 | €500 | - | -€500 | |
| Trade debts | 44 | €13,544 | €12,698 | -€845 | -6.2% |
| Suppliers | 440/4 | €13,544 | €12,698 | -€845 | -6.2% |
| Taxes, remuneration and social security | 45 | €1,423 | €1,432 | +€9 | +0.6% |
| Taxes | 450/3 | €1,423 | €1,432 | +€9 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,279 | €1,112 | -€166 | -13.0% |
| Other operating charges | 640/8 | €1,520 | €2,029 | +€509 | +33.5% |
| Gross operating margin | 9900 | €12,031 | €18,066 | +€6,035 | +50.2% |
| Operating profit (loss) | 9901 | €9,232 | €14,925 | +€5,693 | +61.7% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €281 | €1,838 | +€1,557 | +554.4% |
| Recurring financial charges | 65 | €281 | €1,838 | +€1,557 | +554.4% |
| Profit (loss) for the period before taxes | 9903 | €8,952 | €13,092 | +€4,141 | +46.3% |
| Income taxes | 67/77 | €6,276 | €683 | -€5,594 | -89.1% |
| Profit (loss) for the period | 9904 | €2,675 | €12,409 | +€9,734 | +363.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,675 | €12,409 | +€9,734 | +363.9% |
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 30 September 2026 via checked.be.