EZ: 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.
EZ
Largest movements
- Tangible fixed assets +€89,724
up €89,724 (+109.7%), from €81,801 to €171,525
of which Leasing and similar rights: +€57,080
- Deferred charges and accrued income +€36,515
new in 2025: €36,515
- Cash -€24,872
down €24,872 (-23.5%), from €105,679 to €80,807
mainly Investment in fixed assets (net) (-€131,539) and Deferred charges and accrued income (-€36,515)
- Receivables within one year +€11,738
up €11,738 (+38.4%), from €30,580 to €42,318
of which Trade receivables: +€7,387
- Profit (loss) carried forward +€49,403
up €49,403 (+43.1%), from €114,502 to €163,905
- Debts after one year +€42,873
up €42,873 (+89.1%), from €48,093 to €90,967
- Current portion of long-term debt +€19,403
up €19,403 (+161.9%), from €11,986 to €31,389
- Trade debts -€4,423
no longer reported in 2025 (was €4,423)
- Tax, wage and social debts +€3,815
up €3,815 (+11.2%), from €34,056 to €37,871
- Gross operating margin +€120,080
up €120,080 (+86.2%), from €139,328 to €259,409
- Staff costs +€78,458
up €78,458 (+181.6%), from €43,212 to €121,670
- Depreciation +€31,055
up €31,055 (+288.6%), from €10,760 to €41,815
- Other operating charges +€13,328
up €13,328 (+139.3%), from €9,571 to €22,899
- Financial charges +€4,286
up €4,286 (+105.4%), from €4,067 to €8,354
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 | €219,060 | €332,165 | +€113,105 | +51.6% |
| Fixed assets | 21/28 | €82,801 | €172,525 | +€89,724 | +108.4% |
| Tangible fixed assets | 22/27 | €81,801 | €171,525 | +€89,724 | +109.7% |
| Plant, machinery and equipment | 23 | €1,578 | €1,726 | +€149 | +9.4% |
| Furniture and vehicles | 24 | €6,486 | €32,981 | +€26,495 | +408.5% |
| Leasing and similar rights | 25 | €73,738 | €130,818 | +€57,080 | +77.4% |
| Assets under construction and advance payments | 27 | - | €6,000 | +€6,000 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €136,259 | €159,640 | +€23,381 | +17.2% |
| Amounts receivable within one year | 40/41 | €30,580 | €42,318 | +€11,738 | +38.4% |
| Trade receivables | 40 | €15,285 | €22,671 | +€7,387 | +48.3% |
| Other amounts receivable | 41 | €15,296 | €19,647 | +€4,351 | +28.4% |
| Cash at bank and in hand | 54/58 | €105,679 | €80,807 | -€24,872 | -23.5% |
| Deferred charges and accrued income | 490/1 | - | €36,515 | +€36,515 | |
| Total equity and liabilities | 10/49 | €219,060 | €332,165 | +€113,105 | +51.6% |
| Equity | 10/15 | €116,502 | €165,905 | +€49,403 | +42.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,502 | €163,905 | +€49,403 | +43.1% |
| Amounts payable | 17/49 | €102,558 | €166,260 | +€63,702 | +62.1% |
| Amounts payable after more than one year | 17 | €48,093 | €90,967 | +€42,873 | +89.1% |
| Financial debts | 170/4 | €48,093 | €90,967 | +€42,873 | +89.1% |
| Amounts payable within one year | 42/48 | €54,465 | €73,260 | +€18,795 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €11,986 | €31,389 | +€19,403 | +161.9% |
| Trade debts | 44 | €4,423 | - | -€4,423 | |
| Suppliers | 440/4 | €4,423 | - | -€4,423 | |
| Taxes, remuneration and social security | 45 | €34,056 | €37,871 | +€3,815 | +11.2% |
| Taxes | 450/3 | €34,056 | €37,871 | +€3,815 | +11.2% |
| Other amounts payable | 47/48 | €4,000 | €4,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,033 | +€2,033 | |
| Remuneration, social security and pensions | 62 | €43,212 | €121,670 | +€78,458 | +181.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,760 | €41,815 | +€31,055 | +288.6% |
| Other operating charges | 640/8 | €9,571 | €22,899 | +€13,328 | +139.3% |
| Gross operating margin | 9900 | €139,328 | €259,409 | +€120,080 | +86.2% |
| Operating profit (loss) | 9901 | €75,785 | €73,024 | -€2,761 | -3.6% |
| Financial income | 75/76B | €887 | €1,073 | +€186 | +21.0% |
| Recurring financial income | 75 | €887 | €1,073 | +€186 | +21.0% |
| Financial charges | 65/66B | €4,067 | €8,354 | +€4,286 | +105.4% |
| Recurring financial charges | 65 | €4,067 | €8,354 | +€4,286 | +105.4% |
| Profit (loss) for the period before taxes | 9903 | €72,605 | €65,743 | -€6,862 | -9.5% |
| Income taxes | 67/77 | €13,974 | €12,340 | -€1,634 | -11.7% |
| Profit (loss) for the period | 9904 | €58,631 | €53,403 | -€5,228 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,631 | €53,403 | -€5,228 | -8.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.