EWS²: 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.
EWS²
Largest movements
- Cash -€69,452
down €69,452 (-89.2%), from €77,890 to €8,438
mainly Contributions, distributions and other (-€82,804) and Other debts (-€23,398)
- Receivables within one year -€21,377
down €21,377 (-53.4%), from €40,043 to €18,666
of which Other amounts receivable: -€25,077
- Current investments +€15,131
up €15,131 (+280%), from €5,400 to €20,531
- Tangible fixed assets -€10,018
down €10,018 (-71.7%), from €13,973 to €3,955
- Deferred charges and accrued income -€4,177
down €4,177 (-54.0%), from €7,729 to €3,552
- Reserves -€58,103
down €58,103 (-68.6%), from €84,664 to €26,561
of which Distributable reserves: -€58,103
- Other debts -€23,398
down €23,398 (-99.4%), from €23,529 to €131
- Tax, wage and social debts -€6,032
down €6,032 (-50.3%), from €11,981 to €5,949
of which Remuneration and social security: -€3,247
- Trade debts -€1,915
down €1,915 (-32.9%), from €5,816 to €3,901
- Gross operating margin -€12,813
down €12,813 (-22.9%), from €56,075 to €43,262
- Taxes -€2,725
down €2,725 (-26.0%), from €10,468 to €7,743
- Financial income -€973
down €973 (-81.9%), from €1,188 to €214
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 | €145,035 | €55,142 | -€89,893 | -62.0% |
| Fixed assets | 21/28 | €13,973 | €3,955 | -€10,018 | -71.7% |
| Tangible fixed assets | 22/27 | €13,973 | €3,955 | -€10,018 | -71.7% |
| Furniture and vehicles | 24 | €13,973 | €3,955 | -€10,018 | -71.7% |
| Current assets | 29/58 | €131,062 | €51,187 | -€79,875 | -60.9% |
| Amounts receivable within one year | 40/41 | €40,043 | €18,666 | -€21,377 | -53.4% |
| Trade receivables | 40 | €14,184 | €17,884 | +€3,700 | +26.1% |
| Other amounts receivable | 41 | €25,859 | €783 | -€25,077 | -97.0% |
| Current investments | 50/53 | €5,400 | €20,531 | +€15,131 | +280% |
| Cash at bank and in hand | 54/58 | €77,890 | €8,438 | -€69,452 | -89.2% |
| Deferred charges and accrued income | 490/1 | €7,729 | €3,552 | -€4,177 | -54.0% |
| Total equity and liabilities | 10/49 | €145,035 | €55,142 | -€89,893 | -62.0% |
| Equity | 10/15 | €103,264 | €45,161 | -€58,103 | -56.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,664 | €26,561 | -€58,103 | -68.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €82,804 | €24,701 | -€58,103 | -70.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,771 | €9,981 | -€31,790 | -76.1% |
| Amounts payable within one year | 42/48 | €41,771 | €9,981 | -€31,790 | -76.1% |
| Financial debts | 43 | €445 | €0 | -€445 | -100% |
| Credit institutions | 430/8 | €445 | €0 | -€445 | -100% |
| Trade debts | 44 | €5,816 | €3,901 | -€1,915 | -32.9% |
| Suppliers | 440/4 | €5,816 | €3,901 | -€1,915 | -32.9% |
| Taxes, remuneration and social security | 45 | €11,981 | €5,949 | -€6,032 | -50.3% |
| Taxes | 450/3 | €8,734 | €5,949 | -€2,785 | -31.9% |
| Remuneration and social security | 454/9 | €3,247 | €0 | -€3,247 | -100% |
| Other amounts payable | 47/48 | €23,529 | €131 | -€23,398 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,354 | €10,018 | -€336 | -3.2% |
| Other operating charges | 640/8 | €1,405 | €864 | -€541 | -38.5% |
| Gross operating margin | 9900 | €56,075 | €43,262 | -€12,813 | -22.9% |
| Operating profit (loss) | 9901 | €44,316 | €32,379 | -€11,937 | -26.9% |
| Financial income | 75/76B | €1,188 | €214 | -€973 | -81.9% |
| Recurring financial income | 75 | €1,188 | €214 | -€973 | -81.9% |
| Financial charges | 65/66B | €293 | €150 | -€143 | -48.7% |
| Recurring financial charges | 65 | €293 | €150 | -€143 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €45,211 | €32,444 | -€12,767 | -28.2% |
| Income taxes | 67/77 | €10,468 | €7,743 | -€2,725 | -26.0% |
| Profit (loss) for the period | 9904 | €34,744 | €24,701 | -€10,042 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,744 | €24,701 | -€10,042 | -28.9% |
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.