EZCO: 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.
EZCO
Largest movements
- Cash -€120,015
down €120,015 (-87.3%), from €137,472 to €17,457
mainly Contributions, distributions and other (-€211,189) and Receivables within one year (-€14,293)
- Receivables within one year +€14,293
up €14,293 (+53.9%), from €26,536 to €40,830
- Tangible fixed assets +€2,189
up €2,189 (+10.8%), from €20,201 to €22,390
of which Plant, machinery and equipment: +€4,655
- Reserves -€151,360
down €151,360 (-100.0%), from €151,360 to €0
- Other debts +€54,524
up €54,524 (+39384.5%), from €138 to €54,662
- Debts after one year -€7,910
down €7,910 (-100.0%), from €7,910 to €0
- Tax, wage and social debts +€3,248
up €3,248 (+21.5%), from €15,091 to €18,339
- Gross operating margin +€8,772
up €8,772 (+10.8%), from €81,445 to €90,217
- Taxes +€2,066
up €2,066 (+12.1%), from €17,057 to €19,123
- Depreciation +€1,325
up €1,325 (+17.4%), from €7,594 to €8,918
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 | €184,210 | €82,275 | -€101,935 | -55.3% |
| Fixed assets | 21/28 | €20,201 | €22,390 | +€2,189 | +10.8% |
| Tangible fixed assets | 22/27 | €20,201 | €22,390 | +€2,189 | +10.8% |
| Plant, machinery and equipment | 23 | - | €4,655 | +€4,655 | |
| Furniture and vehicles | 24 | €20,201 | €17,735 | -€2,466 | -12.2% |
| Current assets | 29/58 | €164,009 | €59,885 | -€104,124 | -63.5% |
| Amounts receivable within one year | 40/41 | €26,536 | €40,830 | +€14,293 | +53.9% |
| Trade receivables | 40 | €26,536 | €40,830 | +€14,293 | +53.9% |
| Cash at bank and in hand | 54/58 | €137,472 | €17,457 | -€120,015 | -87.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,598 | +€1,598 | |
| Total equity and liabilities | 10/49 | €184,210 | €82,275 | -€101,935 | -55.3% |
| Equity | 10/15 | €152,360 | €1,000 | -€151,360 | -99.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €151,360 | €0 | -€151,360 | -100.0% |
| Distributable reserves | 133 | €151,360 | €0 | -€151,360 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €31,849 | €81,275 | +€49,426 | +155.2% |
| Amounts payable after more than one year | 17 | €7,910 | €0 | -€7,910 | -100.0% |
| Financial debts | 170/4 | €7,910 | €0 | -€7,910 | -100.0% |
| Amounts payable within one year | 42/48 | €23,939 | €81,275 | +€57,336 | +239.5% |
| Current portion of amounts payable after more than one year | 42 | €8,446 | €7,910 | -€535 | -6.3% |
| Trade debts | 44 | €264 | €363 | +€99 | +37.6% |
| Suppliers | 440/4 | €264 | €363 | +€99 | +37.6% |
| Taxes, remuneration and social security | 45 | €15,091 | €18,339 | +€3,248 | +21.5% |
| Taxes | 450/3 | €15,091 | €18,339 | +€3,248 | +21.5% |
| Other amounts payable | 47/48 | €138 | €54,662 | +€54,524 | +39384.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,594 | €8,918 | +€1,325 | +17.4% |
| Other operating charges | 640/8 | €1,484 | €886 | -€598 | -40.3% |
| Gross operating margin | 9900 | €81,445 | €90,217 | +€8,772 | +10.8% |
| Operating profit (loss) | 9901 | €72,367 | €80,413 | +€8,046 | +11.1% |
| Financial income | 75/76B | €0 | €60 | +€60 | |
| Recurring financial income | 75 | €0 | €60 | +€60 | |
| Financial charges | 65/66B | €902 | €1,521 | +€619 | +68.7% |
| Recurring financial charges | 65 | €902 | €1,521 | +€619 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €71,465 | €78,952 | +€7,486 | +10.5% |
| Income taxes | 67/77 | €17,057 | €19,123 | +€2,066 | +12.1% |
| Profit (loss) for the period | 9904 | €54,409 | €59,829 | +€5,421 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,409 | €59,829 | +€5,421 | +10.0% |
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.