EE-CON: what changed
EE-CON
Largest movements
- Cash -€49,949
down €49,949 (-62.5%), from €79,961 to €30,012
mainly Current investments (-€39,909) and Investment in fixed assets (net) (-€33,095)
- Current investments +€39,909
new in 2025: €39,909
- Tangible fixed assets +€16,895
up €16,895 (+34.0%), from €49,744 to €66,639
of which Furniture and vehicles: +€15,765
- Receivables within one year +€14,877
up €14,877 (+83.6%), from €17,801 to €32,678
of which Other amounts receivable: +€12,242
- Reserves +€19,524
up €19,524 (+31.5%), from €61,897 to €81,421
- Tax, wage and social debts +€2,312
up €2,312 (+30.6%), from €7,551 to €9,862
- Gross operating margin +€14,286
up €14,286 (+45.8%), from €31,165 to €45,451
- Depreciation +€4,297
up €4,297 (+36.1%), from €11,904 to €16,200
- Other operating charges +€2,081
up €2,081 (+125%), from €1,671 to €3,752
- Taxes +€1,429
up €1,429 (+26.4%), from €5,414 to €6,843
- Financial income +€868
up €868 (+806%), from €108 to €976
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,855 | €171,660 | +€21,804 | +14.6% |
| Fixed assets | 21/28 | €49,744 | €66,639 | +€16,895 | +34.0% |
| Tangible fixed assets | 22/27 | €49,744 | €66,639 | +€16,895 | +34.0% |
| Land and buildings | 22 | €23,394 | €24,833 | +€1,439 | +6.2% |
| Plant, machinery and equipment | 23 | €309 | - | -€309 | |
| Furniture and vehicles | 24 | €26,041 | €41,806 | +€15,765 | +60.5% |
| Current assets | 29/58 | €100,112 | €105,021 | +€4,909 | +4.9% |
| Amounts receivable within one year | 40/41 | €17,801 | €32,678 | +€14,877 | +83.6% |
| Trade receivables | 40 | €14,958 | €17,593 | +€2,635 | +17.6% |
| Other amounts receivable | 41 | €2,843 | €15,084 | +€12,242 | +431% |
| Current investments | 50/53 | - | €39,909 | +€39,909 | |
| Cash at bank and in hand | 54/58 | €79,961 | €30,012 | -€49,949 | -62.5% |
| Deferred charges and accrued income | 490/1 | €2,350 | €2,422 | +€72 | +3.1% |
| Total equity and liabilities | 10/49 | €149,855 | €171,660 | +€21,804 | +14.6% |
| Equity | 10/15 | €142,091 | €161,614 | +€19,524 | +13.7% |
| Reserves | 13 | €61,897 | €81,421 | +€19,524 | +31.5% |
| Distributable reserves | 133 | €61,897 | €81,421 | +€19,524 | +31.5% |
| Profit (loss) carried forward | 14 | €80,193 | €80,193 | = | 0.0% |
| Amounts payable | 17/49 | €7,765 | €10,045 | +€2,281 | +29.4% |
| Amounts payable within one year | 42/48 | €7,765 | €10,045 | +€2,281 | +29.4% |
| Trade debts | 44 | €214 | €183 | -€31 | -14.5% |
| Suppliers | 440/4 | €214 | €183 | -€31 | -14.5% |
| Taxes, remuneration and social security | 45 | €7,551 | €9,862 | +€2,312 | +30.6% |
| Taxes | 450/3 | €7,551 | €9,862 | +€2,312 | +30.6% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,904 | €16,200 | +€4,297 | +36.1% |
| Other operating charges | 640/8 | €1,671 | €3,752 | +€2,081 | +125% |
| Gross operating margin | 9900 | €31,165 | €45,451 | +€14,286 | +45.8% |
| Operating profit (loss) | 9901 | €17,591 | €25,500 | +€7,909 | +45.0% |
| Financial income | 75/76B | €108 | €976 | +€868 | +806% |
| Recurring financial income | 75 | €108 | €976 | +€868 | +806% |
| Financial charges | 65/66B | €83 | €109 | +€26 | +31.6% |
| Recurring financial charges | 65 | €83 | €109 | +€26 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €17,616 | €26,367 | +€8,751 | +49.7% |
| Income taxes | 67/77 | €5,414 | €6,843 | +€1,429 | +26.4% |
| Profit (loss) for the period | 9904 | €12,202 | €19,524 | +€7,322 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,202 | €19,524 | +€7,322 | +60.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.