E.KA: 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.KA
Largest movements
- Receivables within one year +€28,006
up €28,006 (+25.2%), from €111,146 to €139,152
of which Trade receivables: +€24,698
- Deferred charges and accrued income +€22,913
up €22,913 (+517%), from €4,436 to €27,349
- Tangible fixed assets +€6,795
up €6,795 (+4.1%), from €167,760 to €174,555
of which Furniture and vehicles: +€13,262
- Other debts +€45,867
up €45,867 (+183%), from €25,126 to €70,992
- Trade debts +€27,858
up €27,858 (+37.5%), from €74,369 to €102,227
- Tax, wage and social debts -€14,176
down €14,176 (-65.5%), from €21,636 to €7,460
of which Taxes: -€13,401
- Reserves -€7,272
down €7,272 (-6.7%), from €109,268 to €101,996
of which Distributable reserves: -€7,272
- Gross operating margin +€35,865
up €35,865 (+91.9%), from €39,014 to €74,879
- Staff costs +€10,194
up €10,194 (+103%), from €9,943 to €20,137
- Taxes +€4,402
up €4,402 (+68.1%), from €6,469 to €10,871
- Depreciation +€3,898
up €3,898 (+32.0%), from €12,180 to €16,078
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 | €495,535 | €551,709 | +€56,175 | +11.3% |
| Fixed assets | 21/28 | €172,710 | €179,505 | +€6,795 | +3.9% |
| Tangible fixed assets | 22/27 | €167,760 | €174,555 | +€6,795 | +4.1% |
| Land and buildings | 22 | €143,167 | €136,780 | -€6,387 | -4.5% |
| Plant, machinery and equipment | 23 | €642 | €1,162 | +€521 | +81.2% |
| Furniture and vehicles | 24 | €22,066 | €35,328 | +€13,262 | +60.1% |
| Other tangible fixed assets | 26 | €1,885 | €1,285 | -€600 | -31.8% |
| Financial fixed assets | 28 | €4,950 | €4,950 | = | 0.0% |
| Current assets | 29/58 | €322,824 | €372,204 | +€49,379 | +15.3% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €111,146 | €139,152 | +€28,006 | +25.2% |
| Trade receivables | 40 | €69,288 | €93,986 | +€24,698 | +35.6% |
| Other amounts receivable | 41 | €41,858 | €45,167 | +€3,309 | +7.9% |
| Current investments | 50/53 | €39,262 | €39,262 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,981 | €46,441 | -€1,540 | -3.2% |
| Deferred charges and accrued income | 490/1 | €4,436 | €27,349 | +€22,913 | +517% |
| Total equity and liabilities | 10/49 | €495,535 | €551,709 | +€56,175 | +11.3% |
| Equity | 10/15 | €276,182 | €268,909 | -€7,272 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,268 | €101,996 | -€7,272 | -6.7% |
| Non-distributable reserves | 130/1 | €39,262 | €39,262 | = | 0.0% |
| Own shares acquired | 1312 | €39,262 | €39,262 | = | 0.0% |
| Distributable reserves | 133 | €70,007 | €62,734 | -€7,272 | -10.4% |
| Profit (loss) carried forward | 14 | €148,313 | €148,313 | = | 0.0% |
| Amounts payable | 17/49 | €219,353 | €282,800 | +€63,447 | +28.9% |
| Amounts payable after more than one year | 17 | €76,513 | €73,733 | -€2,779 | -3.6% |
| Financial debts | 170/4 | €76,513 | €73,733 | -€2,779 | -3.6% |
| Amounts payable within one year | 42/48 | €142,710 | €207,609 | +€64,899 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €15,094 | €20,429 | +€5,335 | +35.3% |
| Financial debts | 43 | €6,486 | €6,501 | +€15 | +0.2% |
| Credit institutions | 430/8 | €6,486 | €6,501 | +€15 | +0.2% |
| Trade debts | 44 | €74,369 | €102,227 | +€27,858 | +37.5% |
| Suppliers | 440/4 | €74,369 | €102,227 | +€27,858 | +37.5% |
| Taxes, remuneration and social security | 45 | €21,636 | €7,460 | -€14,176 | -65.5% |
| Taxes | 450/3 | €18,636 | €5,235 | -€13,401 | -71.9% |
| Remuneration and social security | 454/9 | €3,000 | €2,225 | -€775 | -25.8% |
| Other amounts payable | 47/48 | €25,126 | €70,992 | +€45,867 | +183% |
| Accrued charges and deferred income | 492/3 | €130 | €1,458 | +€1,327 | +1,018% |
| Remuneration, social security and pensions | 62 | €9,943 | €20,137 | +€10,194 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,180 | €16,078 | +€3,898 | +32.0% |
| Other operating charges | 640/8 | €4,628 | €4,154 | -€473 | -10.2% |
| Gross operating margin | 9900 | €39,014 | €74,879 | +€35,865 | +91.9% |
| Operating profit (loss) | 9901 | €12,264 | €34,510 | +€22,246 | +181% |
| Financial income | 75/76B | €4,295 | €4,047 | -€248 | -5.8% |
| Recurring financial income | 75 | €4,295 | €4,047 | -€248 | -5.8% |
| Financial charges | 65/66B | €4,877 | €4,959 | +€82 | +1.7% |
| Recurring financial charges | 65 | €4,877 | €4,959 | +€82 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €11,683 | €33,598 | +€21,916 | +188% |
| Income taxes | 67/77 | €6,469 | €10,871 | +€4,402 | +68.1% |
| Profit (loss) for the period | 9904 | €5,214 | €22,728 | +€17,514 | +336% |
| Profit (loss) for the period to be appropriated | 9905 | €5,214 | €22,728 | +€17,514 | +336% |
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 15 October 2026 via checked.be.