EGEE: 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.
EGEE
Largest movements
- Receivables within one year +€46,168
up €46,168 (+158.5%), from €29,127 to €75,296
of which Other amounts receivable: +€48,211
- Profit (loss) carried forward +€23,734
no longer reported in 2025 (was -€23,734)
- Reserves +€18,982
up €18,982 (+34.6%), from €54,831 to €73,813
of which Distributable reserves: +€18,982
- Tax, wage and social debts +€5,302
up €5,302 (+40.8%), from €13,003 to €18,304
of which Remuneration and social security: +€2,936
- Other debts -€2,901
no longer reported in 2025 (was €2,901)
- Gross operating margin +€100,425
up €100,425 (+371.7%), from €27,019 to €127,444
- Staff costs +€21,091
up €21,091 (+51.1%), from €41,274 to €62,365
- Taxes +€18,388
up €18,388 (+14365.6%), from €128 to €18,516
- Depreciation -€3,056
down €3,056 (-61.4%), from €4,980 to €1,924
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 | €82,484 | €127,555 | +€45,071 | +54.6% |
| Fixed assets | 21/28 | €5,905 | €4,921 | -€984 | -16.7% |
| Tangible fixed assets | 22/27 | €5,905 | €4,921 | -€984 | -16.7% |
| Plant, machinery and equipment | 23 | €1,509 | €1,937 | +€428 | +28.3% |
| Furniture and vehicles | 24 | €815 | €461 | -€354 | -43.4% |
| Other tangible fixed assets | 26 | €3,581 | €2,523 | -€1,058 | -29.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €76,579 | €122,634 | +€46,056 | +60.1% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,055 | €5,210 | +€155 | +3.1% |
| Stocks | 30/36 | €5,055 | €5,210 | +€155 | +3.1% |
| Amounts receivable within one year | 40/41 | €29,127 | €75,296 | +€46,168 | +158.5% |
| Trade receivables | 40 | €23,240 | €21,197 | -€2,043 | -8.8% |
| Other amounts receivable | 41 | €5,887 | €54,099 | +€48,211 | +818.9% |
| Cash at bank and in hand | 54/58 | €1,951 | €1,816 | -€135 | -6.9% |
| Deferred charges and accrued income | 490/1 | €445 | €313 | -€132 | -29.8% |
| Total equity and liabilities | 10/49 | €82,484 | €127,555 | +€45,071 | +54.6% |
| Equity | 10/15 | €49,696 | €92,413 | +€42,717 | +86.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,831 | €73,813 | +€18,982 | +34.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €52,971 | €71,953 | +€18,982 | +35.8% |
| Profit (loss) carried forward | 14 | -€23,734 | - | +€23,734 | |
| Amounts payable | 17/49 | €32,787 | €35,142 | +€2,355 | +7.2% |
| Amounts payable within one year | 42/48 | €32,787 | €35,142 | +€2,355 | +7.2% |
| Financial debts | 43 | €15 | - | -€15 | |
| Credit institutions | 430/8 | €15 | - | -€15 | |
| Trade debts | 44 | €16,869 | €16,838 | -€31 | -0.2% |
| Suppliers | 440/4 | €16,869 | €16,838 | -€31 | -0.2% |
| Taxes, remuneration and social security | 45 | €13,003 | €18,304 | +€5,302 | +40.8% |
| Taxes | 450/3 | €8,385 | €10,751 | +€2,366 | +28.2% |
| Remuneration and social security | 454/9 | €4,618 | €7,554 | +€2,936 | +63.6% |
| Other amounts payable | 47/48 | €2,901 | - | -€2,901 | |
| Non-recurring operating income | 76A | €4,271 | €1,826 | -€2,445 | -57.2% |
| Remuneration, social security and pensions | 62 | €41,274 | €62,365 | +€21,091 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,980 | €1,924 | -€3,056 | -61.4% |
| Other operating charges | 640/8 | €2,658 | €2,545 | -€113 | -4.2% |
| Non-recurring operating charges | 66A | €1,816 | - | -€1,816 | |
| Gross operating margin | 9900 | €27,019 | €127,444 | +€100,425 | +371.7% |
| Operating profit (loss) | 9901 | -€23,709 | €60,610 | +€84,319 | |
| Financial income | 75/76B | €2,217 | €3,071 | +€854 | +38.5% |
| Recurring financial income | 75 | €2,217 | €3,071 | +€854 | +38.5% |
| Financial charges | 65/66B | €2,114 | €2,449 | +€335 | +15.8% |
| Recurring financial charges | 65 | €2,114 | €1,841 | -€273 | -12.9% |
| Non-recurring financial charges | 66B | - | €608 | +€608 | |
| Profit (loss) for the period before taxes | 9903 | -€23,606 | €61,233 | +€84,839 | |
| Income taxes | 67/77 | €128 | €18,516 | +€18,388 | +14365.6% |
| Profit (loss) for the period | 9904 | -€23,734 | €42,717 | +€66,451 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,734 | €42,717 | +€66,451 |
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 3 October 2026 via checked.be.