EZ TOWER: 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.
What changed
EZ TOWER
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,316
2024 · -€168,846+€191,162
Equity
€841,983
2024 · €819,667+€22,316
Cash
€7,487
2024 · €0+€7,487
Balance sheet total
€3.5m
2024 · €3.5m-€55,487
Largest movements
Assets
- Tangible fixed assets -€51,045
down €51,045 (-1.5%), from €3.5m to €3.5m
of which Land and buildings: -€51,045
Equity and liabilities
- Current portion of long-term debt -€86,969
down €86,969 (-37.0%), from €235,069 to €148,100
Income statement
- Gross operating margin +€144,987
up €144,987 (+160.7%), from €90,235 to €235,223
- Depreciation -€42,769
down €42,769 (-25.0%), from €171,417 to €128,648
- Financial charges -€3,714
down €3,714 (-4.7%), from €78,262 to €74,548
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.
Result 2024
-€168,846
Gross operating margin
+€144,987
Depreciation
+€42,769
Other operating charges
-€317
Financial income
+€9
Financial charges
+€3,714
Result 2025
€22,316
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.
From operations
+€190,077
Investment
-€76,833
Financing
-€105,757
Cash 2024
€0
From operations (derived)
+€190,077
Net result for the year
+€22,316
Depreciation
+€128,648
Receivables within one year
+€14,969
Deferred charges and accrued income
-€3,810
Trade debts
-€6,726
Tax, wage and social debts
+€4,187
Other debts
+€11,913
Accrued charges and deferred income
+€18,580
Investment (derived)
-€76,833
Investment in fixed assets (net)
-€76,833
Financing
-€105,757
Debts after one year
+€15,094
Current portion of long-term debt
-€86,969
Short-term financial debts
-€33,882
Cash 2025
€7,487
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,532,829 | €3,477,342 | -€55,487 | -1.6% |
| Formation expenses | 20 | €2,445 | €1,676 | -€769 | -31.5% |
| Fixed assets | 21/28 | €3,515,415 | €3,464,369 | -€51,045 | -1.5% |
| Tangible fixed assets | 22/27 | €3,514,915 | €3,463,869 | -€51,045 | -1.5% |
| Land and buildings | 22 | €3,514,915 | €3,463,869 | -€51,045 | -1.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €14,969 | €11,297 | -€3,672 | -24.5% |
| Amounts receivable within one year | 40/41 | €14,969 | €0 | -€14,969 | -100.0% |
| Trade receivables | 40 | €14,969 | €0 | -€14,969 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | €7,487 | +€7,487 | |
| Deferred charges and accrued income | 490/1 | - | €3,810 | +€3,810 | |
| Total equity and liabilities | 10/49 | €3,532,829 | €3,477,342 | -€55,487 | -1.6% |
| Equity | 10/15 | €819,667 | €841,983 | +€22,316 | +2.7% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Capital | 10 | €1,100,000 | €1,100,000 | = | 0.0% |
| Issued capital | 100 | €1,100,000 | €1,100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€280,333 | -€258,017 | +€22,316 | +8.0% |
| Amounts payable | 17/49 | €2,713,161 | €2,635,359 | -€77,802 | -2.9% |
| Amounts payable after more than one year | 17 | €2,410,910 | €2,426,004 | +€15,094 | +0.6% |
| Financial debts | 170/4 | €2,410,910 | €2,426,004 | +€15,094 | +0.6% |
| Amounts payable within one year | 42/48 | €289,883 | €178,407 | -€111,476 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €235,069 | €148,100 | -€86,969 | -37.0% |
| Financial debts | 43 | €34,435 | €553 | -€33,882 | -98.4% |
| Credit institutions | 430/8 | €34,435 | €553 | -€33,882 | -98.4% |
| Trade debts | 44 | €12,674 | €5,948 | -€6,726 | -53.1% |
| Suppliers | 440/4 | €12,674 | €5,948 | -€6,726 | -53.1% |
| Taxes, remuneration and social security | 45 | €7,706 | €11,894 | +€4,187 | +54.3% |
| Taxes | 450/3 | €7,706 | €11,894 | +€4,187 | +54.3% |
| Other amounts payable | 47/48 | €0 | €11,913 | +€11,913 | |
| Accrued charges and deferred income | 492/3 | €12,367 | €30,947 | +€18,580 | +150.2% |
| Non-recurring operating income | 76A | €2,283 | - | -€2,283 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,417 | €128,648 | -€42,769 | -25.0% |
| Other operating charges | 640/8 | €9,404 | €9,721 | +€317 | +3.4% |
| Gross operating margin | 9900 | €90,235 | €235,223 | +€144,987 | +160.7% |
| Operating profit (loss) | 9901 | -€90,585 | €96,854 | +€187,439 | |
| Financial income | 75/76B | €1 | €10 | +€9 | +900.0% |
| Recurring financial income | 75 | €1 | €10 | +€9 | +900.0% |
| Financial charges | 65/66B | €78,262 | €74,548 | -€3,714 | -4.7% |
| Recurring financial charges | 65 | €78,262 | €74,548 | -€3,714 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€168,846 | €22,316 | +€191,162 | |
| Profit (loss) for the period | 9904 | -€168,846 | €22,316 | +€191,162 | |
| Profit (loss) for the period to be appropriated | 9905 | -€168,846 | €22,316 | +€191,162 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.