EASYHOR: 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.
EASYHOR
Largest movements
- Tangible fixed assets -€90,941
down €90,941 (-16.5%), from €552,295 to €461,354
of which Other tangible fixed assets: -€72,446
- Cash -€11,882
down €11,882 (-25.8%), from €46,134 to €34,251
mainly Net result for the year (-€83,355) and Debts after one year (-€24,001)
- Reserves -€83,355
down €83,355 (-29.1%), from €286,199 to €202,843
- Debts after one year -€24,001
down €24,001 (-12.8%), from €187,211 to €163,210
- Trade debts -€7,694
down €7,694 (-81.7%), from €9,419 to €1,726
- Gross operating margin -€16,217
down €16,217 (-30.3%), from €53,525 to €37,308
- Depreciation +€3,862
up €3,862 (+3.8%), from €102,697 to €106,558
- Other operating charges -€697
down €697 (-9.1%), from €7,653 to €6,956
- Financial charges +€539
up €539 (+8.4%), from €6,448 to €6,987
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 | €651,308 | €547,929 | -€103,379 | -15.9% |
| Fixed assets | 21/28 | €552,295 | €461,354 | -€90,941 | -16.5% |
| Tangible fixed assets | 22/27 | €552,295 | €461,354 | -€90,941 | -16.5% |
| Plant, machinery and equipment | 23 | €18,800 | €24,180 | +€5,380 | +28.6% |
| Furniture and vehicles | 24 | €62,608 | €38,734 | -€23,875 | -38.1% |
| Other tangible fixed assets | 26 | €470,886 | €398,441 | -€72,446 | -15.4% |
| Current assets | 29/58 | €99,013 | €86,575 | -€12,438 | -12.6% |
| Stocks and contracts in progress | 3 | €4,508 | €4,207 | -€301 | -6.7% |
| Stocks | 30/36 | €4,508 | €4,207 | -€301 | -6.7% |
| Amounts receivable within one year | 40/41 | €48,372 | €48,117 | -€255 | -0.5% |
| Trade receivables | 40 | €888 | €2,227 | +€1,340 | +151% |
| Other amounts receivable | 41 | €47,485 | €45,890 | -€1,595 | -3.4% |
| Cash at bank and in hand | 54/58 | €46,134 | €34,251 | -€11,882 | -25.8% |
| Total equity and liabilities | 10/49 | €651,308 | €547,929 | -€103,379 | -15.9% |
| Equity | 10/15 | €411,199 | €327,843 | -€83,355 | -20.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €286,199 | €202,843 | -€83,355 | -29.1% |
| Distributable reserves | 133 | €286,199 | €202,843 | -€83,355 | -29.1% |
| Amounts payable | 17/49 | €240,110 | €220,086 | -€20,024 | -8.3% |
| Amounts payable after more than one year | 17 | €187,211 | €163,210 | -€24,001 | -12.8% |
| Financial debts | 170/4 | €187,211 | €163,210 | -€24,001 | -12.8% |
| Amounts payable within one year | 42/48 | €52,898 | €56,876 | +€3,977 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €40,422 | €45,921 | +€5,499 | +13.6% |
| Trade debts | 44 | €9,419 | €1,726 | -€7,694 | -81.7% |
| Suppliers | 440/4 | €9,419 | €1,726 | -€7,694 | -81.7% |
| Advances received on contracts in progress | 46 | €2,089 | €4,469 | +€2,380 | +114% |
| Taxes, remuneration and social security | 45 | €968 | €4,760 | +€3,792 | +392% |
| Taxes | 450/3 | €968 | €4,760 | +€3,792 | +392% |
| Remuneration, social security and pensions | 62 | €26 | €0 | -€26 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,697 | €106,558 | +€3,862 | +3.8% |
| Other operating charges | 640/8 | €7,653 | €6,956 | -€697 | -9.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €53,525 | €37,308 | -€16,217 | -30.3% |
| Operating profit (loss) | 9901 | -€56,850 | -€76,206 | -€19,356 | -34.0% |
| Financial income | 75/76B | €376 | €2 | -€374 | -99.6% |
| Recurring financial income | 75 | €376 | €2 | -€374 | -99.6% |
| Financial charges | 65/66B | €6,448 | €6,987 | +€539 | +8.4% |
| Recurring financial charges | 65 | €6,448 | €6,987 | +€539 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€62,923 | -€83,191 | -€20,268 | -32.2% |
| Income taxes | 67/77 | €180 | €164 | -€16 | -8.8% |
| Profit (loss) for the period | 9904 | -€63,103 | -€83,355 | -€20,253 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,103 | -€83,355 | -€20,253 | -32.1% |
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 26 October 2026 via checked.be.