E&E: 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.
E&E
Largest movements
- Tangible fixed assets -€19,656
down €19,656 (-2.3%), from €841,202 to €821,546
- Debts after one year -€45,206
down €45,206 (-8.0%), from €567,495 to €522,288
- Profit (loss) carried forward +€20,712
up €20,712 (+40.1%), from €51,686 to €72,398
- Short-term financial debts +€8,736
up €8,736 (+19.6%), from €44,471 to €53,206
- Gross operating margin -€1,949
down €1,949 (-3.0%), from €63,941 to €61,992
- Taxes -€1,586
down €1,586 (-22.0%), from €7,209 to €5,622
- Other operating charges +€1,253
up €1,253 (+26.2%), from €4,775 to €6,028
- Financial charges -€702
down €702 (-6.6%), from €10,676 to €9,974
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 | €859,991 | €840,889 | -€19,102 | -2.2% |
| Fixed assets | 21/28 | €841,202 | €821,546 | -€19,656 | -2.3% |
| Tangible fixed assets | 22/27 | €841,202 | €821,546 | -€19,656 | -2.3% |
| Land and buildings | 22 | €841,202 | €821,546 | -€19,656 | -2.3% |
| Current assets | 29/58 | €18,789 | €19,343 | +€554 | +2.9% |
| Amounts receivable within one year | 40/41 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,789 | €4,343 | +€554 | +14.6% |
| Total equity and liabilities | 10/49 | €859,991 | €840,889 | -€19,102 | -2.2% |
| Equity | 10/15 | €56,686 | €77,398 | +€20,712 | +36.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,686 | €72,398 | +€20,712 | +40.1% |
| Amounts payable | 17/49 | €803,306 | €763,492 | -€39,814 | -5.0% |
| Amounts payable after more than one year | 17 | €567,495 | €522,288 | -€45,206 | -8.0% |
| Financial debts | 170/4 | €567,495 | €522,288 | -€45,206 | -8.0% |
| Amounts payable within one year | 42/48 | €235,811 | €241,203 | +€5,392 | +2.3% |
| Financial debts | 43 | €44,471 | €53,206 | +€8,736 | +19.6% |
| Other loans | 439 | €44,471 | €53,206 | +€8,736 | +19.6% |
| Trade debts | 44 | - | €66 | +€66 | |
| Suppliers | 440/4 | - | €66 | +€66 | |
| Taxes, remuneration and social security | 45 | €16,240 | €12,831 | -€3,409 | -21.0% |
| Taxes | 450/3 | €16,240 | €12,831 | -€3,409 | -21.0% |
| Other amounts payable | 47/48 | €175,100 | €175,100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,656 | €19,656 | = | 0.0% |
| Other operating charges | 640/8 | €4,775 | €6,028 | +€1,253 | +26.2% |
| Gross operating margin | 9900 | €63,941 | €61,992 | -€1,949 | -3.0% |
| Operating profit (loss) | 9901 | €39,510 | €36,308 | -€3,202 | -8.1% |
| Financial charges | 65/66B | €10,676 | €9,974 | -€702 | -6.6% |
| Recurring financial charges | 65 | €10,676 | €9,974 | -€702 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €28,835 | €26,334 | -€2,500 | -8.7% |
| Income taxes | 67/77 | €7,209 | €5,622 | -€1,586 | -22.0% |
| Profit (loss) for the period | 9904 | €21,626 | €20,712 | -€914 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,626 | €20,712 | -€914 | -4.2% |
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 23 October 2026 via checked.be.