EZE: 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.
EZE
Largest movements
- Receivables within one year +€13,693
up €13,693 (+104%), from €13,122 to €26,815
of which Trade receivables: +€14,402
- Cash -€9,193
down €9,193 (-52.6%), from €17,469 to €8,276
mainly Receivables within one year (-€13,693) and Net result for the year (-€4,742)
- Tangible fixed assets -€5,825
down €5,825 (-81.8%), from €7,123 to €1,298
of which Furniture and vehicles: -€5,565
- Profit (loss) carried forward -€4,742
down €4,742 (-11.3%), from €41,812 to €37,069
- Trade debts +€4,542
up €4,542 (+117%), from €3,879 to €8,421
- Tax, wage and social debts -€1,114
down €1,114 (-87.6%), from €1,272 to €158
- Staff costs +€6,221
up €6,221 (+21.9%), from €28,383 to €34,604
- Taxes -€3,904
no longer reported in 2025 (was €3,904)
- Gross operating margin -€2,505
down €2,505 (-6.3%), from €39,870 to €37,365
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 | €47,159 | €46,149 | -€1,011 | -2.1% |
| Fixed assets | 21/28 | €7,390 | €1,565 | -€5,825 | -78.8% |
| Tangible fixed assets | 22/27 | €7,123 | €1,298 | -€5,825 | -81.8% |
| Plant, machinery and equipment | 23 | €781 | €521 | -€260 | -33.3% |
| Furniture and vehicles | 24 | €6,342 | €777 | -€5,565 | -87.7% |
| Financial fixed assets | 28 | €267 | €267 | = | 0.0% |
| Current assets | 29/58 | €39,769 | €44,584 | +€4,814 | +12.1% |
| Stocks and contracts in progress | 3 | €7,940 | €8,210 | +€270 | +3.4% |
| Stocks | 30/36 | €7,940 | €8,210 | +€270 | +3.4% |
| Amounts receivable within one year | 40/41 | €13,122 | €26,815 | +€13,693 | +104% |
| Trade receivables | 40 | €11,460 | €25,862 | +€14,402 | +126% |
| Other amounts receivable | 41 | €1,662 | €953 | -€709 | -42.7% |
| Cash at bank and in hand | 54/58 | €17,469 | €8,276 | -€9,193 | -52.6% |
| Deferred charges and accrued income | 490/1 | €1,239 | €1,283 | +€44 | +3.5% |
| Total equity and liabilities | 10/49 | €47,159 | €46,149 | -€1,011 | -2.1% |
| Equity | 10/15 | €41,812 | €37,069 | -€4,742 | -11.3% |
| Profit (loss) carried forward | 14 | €41,812 | €37,069 | -€4,742 | -11.3% |
| Amounts payable | 17/49 | €5,348 | €9,079 | +€3,732 | +69.8% |
| Amounts payable within one year | 42/48 | €5,348 | €9,079 | +€3,732 | +69.8% |
| Trade debts | 44 | €3,879 | €8,421 | +€4,542 | +117% |
| Suppliers | 440/4 | €3,879 | €8,421 | +€4,542 | +117% |
| Taxes, remuneration and social security | 45 | €1,272 | €158 | -€1,114 | -87.6% |
| Remuneration and social security | 454/9 | €1,272 | €158 | -€1,114 | -87.6% |
| Other amounts payable | 47/48 | €197 | €500 | +€303 | +154% |
| Remuneration, social security and pensions | 62 | €28,383 | €34,604 | +€6,221 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,825 | €5,825 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,238 | €1,621 | +€382 | +30.9% |
| Gross operating margin | 9900 | €39,870 | €37,365 | -€2,505 | -6.3% |
| Operating profit (loss) | 9901 | €4,423 | -€4,685 | -€9,108 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €52 | €58 | +€5 | +10.2% |
| Recurring financial charges | 65 | €52 | €58 | +€5 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €4,373 | -€4,742 | -€9,115 | |
| Income taxes | 67/77 | €3,904 | - | -€3,904 | |
| Profit (loss) for the period | 9904 | €469 | -€4,742 | -€5,211 | |
| Profit (loss) for the period to be appropriated | 9905 | €469 | -€4,742 | -€5,211 |
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 13 October 2026 via checked.be.