EWU GROUP: 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.
EWU GROUP
Largest movements
- Tangible fixed assets +€39,050
up €39,050 (+869.6%), from €4,490 to €43,541
of which Furniture and vehicles: +€38,034
- Cash -€8,245
down €8,245 (-86.7%), from €9,506 to €1,262
mainly Investment in fixed assets (net) (-€47,890) and Trade debts (-€5,387)
- Other debts +€13,869
new in 2025: €13,869
- Debts after one year +€12,046
new in 2025: €12,046
- Tax, wage and social debts +€6,510
up €6,510 (+1259.6%), from €517 to €7,026
- Trade debts -€5,387
down €5,387 (-71.8%), from €7,500 to €2,113
- Current portion of long-term debt +€3,446
new in 2025: €3,446
- Depreciation +€8,836
up €8,836 (+215504.4%), from €4 to €8,840
- Gross operating margin +€8,637
up €8,637 (+480.0%), from €1,799 to €10,436
- Financial charges +€560
up €560 (+1738.6%), from €32 to €592
- Other operating charges +€262
up €262 (+167.0%), from €157 to €418
- Taxes -€136
down €136 (-26.3%), from €517 to €381
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 | €14,106 | €44,802 | +€30,696 | +217.6% |
| Fixed assets | 21/28 | €4,490 | €43,541 | +€39,050 | +869.6% |
| Tangible fixed assets | 22/27 | €4,490 | €43,541 | +€39,050 | +869.6% |
| Furniture and vehicles | 24 | €4,490 | €42,524 | +€38,034 | +847.0% |
| Other tangible fixed assets | 26 | - | €1,016 | +€1,016 | |
| Current assets | 29/58 | €9,616 | €1,262 | -€8,354 | -86.9% |
| Amounts receivable within one year | 40/41 | €110 | €0 | -€110 | -100.0% |
| Other amounts receivable | 41 | €110 | €0 | -€110 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,506 | €1,262 | -€8,245 | -86.7% |
| Total equity and liabilities | 10/49 | €14,106 | €44,802 | +€30,696 | +217.6% |
| Equity | 10/15 | €6,089 | €6,294 | +€204 | +3.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,089 | €1,294 | +€204 | +18.8% |
| Amounts payable | 17/49 | €8,017 | €38,508 | +€30,492 | +380.3% |
| Amounts payable after more than one year | 17 | - | €12,046 | +€12,046 | |
| Financial debts | 170/4 | - | €12,046 | +€12,046 | |
| Amounts payable within one year | 42/48 | €8,017 | €26,455 | +€18,438 | +230.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,446 | +€3,446 | |
| Trade debts | 44 | €7,500 | €2,113 | -€5,387 | -71.8% |
| Suppliers | 440/4 | €7,500 | €2,113 | -€5,387 | -71.8% |
| Taxes, remuneration and social security | 45 | €517 | €7,026 | +€6,510 | +1259.6% |
| Taxes | 450/3 | €517 | €7,026 | +€6,510 | +1259.6% |
| Other amounts payable | 47/48 | - | €13,869 | +€13,869 | |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | €8,840 | +€8,836 | +215504.4% |
| Other operating charges | 640/8 | €157 | €418 | +€262 | +167.0% |
| Gross operating margin | 9900 | €1,799 | €10,436 | +€8,637 | +480.0% |
| Operating profit (loss) | 9901 | €1,638 | €1,178 | -€461 | -28.1% |
| Financial charges | 65/66B | €32 | €592 | +€560 | +1738.6% |
| Recurring financial charges | 65 | €32 | €592 | +€560 | +1738.6% |
| Profit (loss) for the period before taxes | 9903 | €1,606 | €585 | -€1,021 | -63.6% |
| Income taxes | 67/77 | €517 | €381 | -€136 | -26.3% |
| Profit (loss) for the period | 9904 | €1,089 | €204 | -€885 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,089 | €204 | -€885 | -81.2% |
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 7 October 2026 via checked.be.