8EN: 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.
8EN
Largest movements
- Receivables within one year +€5,021
up €5,021 (+58.1%), from €8,638 to €13,659
of which Trade receivables: +€6,822
- Tangible fixed assets +€3,336
up €3,336 (+4.8%), from €69,394 to €72,730
of which Plant, machinery and equipment: +€2,834
- Deferred charges and accrued income +€1,871
new in 2025: €1,871
- Other debts +€82,198
up €82,198 (+750%), from €10,958 to €93,157
- Trade debts -€69,617
down €69,617 (-90.0%), from €77,333 to €7,716
- Profit (loss) carried forward -€5,673
new in 2025: -€5,673
- Tax, wage and social debts +€2,105
up €2,105 (+28,833%), from €7 to €2,112
- Depreciation +€16,612
up €16,612 (+4,238%), from €392 to €17,004
- Gross operating margin +€11,284
up €11,284 (+641%), from €1,762 to €13,046
- Other operating charges +€726
up €726 (+79.2%), from €917 to €1,642
- Financial charges +€692
up €692 (+2,056%), from €34 to €725
- Financial income +€242
new in 2025: €242
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 | €91,211 | €99,811 | +€8,600 | +9.4% |
| Fixed assets | 21/28 | €74,392 | €77,014 | +€2,622 | +3.5% |
| Intangible fixed assets | 21 | €4,998 | €4,284 | -€715 | -14.3% |
| Tangible fixed assets | 22/27 | €69,394 | €72,730 | +€3,336 | +4.8% |
| Plant, machinery and equipment | 23 | €69,394 | €72,228 | +€2,834 | +4.1% |
| Furniture and vehicles | 24 | - | €502 | +€502 | |
| Current assets | 29/58 | €16,819 | €22,798 | +€5,979 | +35.5% |
| Amounts receivable within one year | 40/41 | €8,638 | €13,659 | +€5,021 | +58.1% |
| Trade receivables | 40 | €6,684 | €13,505 | +€6,822 | +102% |
| Other amounts receivable | 41 | €1,954 | €154 | -€1,801 | -92.1% |
| Cash at bank and in hand | 54/58 | €8,181 | €7,268 | -€913 | -11.2% |
| Deferred charges and accrued income | 490/1 | - | €1,871 | +€1,871 | |
| Total equity and liabilities | 10/49 | €91,211 | €99,811 | +€8,600 | +9.4% |
| Equity | 10/15 | €2,912 | -€3,173 | -€6,085 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €412 | €0 | -€412 | -100% |
| Distributable reserves | 133 | €412 | €0 | -€412 | -100% |
| Profit (loss) carried forward | 14 | - | -€5,673 | -€5,673 | |
| Amounts payable | 17/49 | €88,299 | €102,985 | +€14,686 | +16.6% |
| Amounts payable within one year | 42/48 | €88,299 | €102,985 | +€14,686 | +16.6% |
| Trade debts | 44 | €77,333 | €7,716 | -€69,617 | -90.0% |
| Suppliers | 440/4 | €77,333 | €7,716 | -€69,617 | -90.0% |
| Taxes, remuneration and social security | 45 | €7 | €2,112 | +€2,105 | +28,833% |
| Taxes | 450/3 | €7 | €2,112 | +€2,105 | +28,833% |
| Other amounts payable | 47/48 | €10,958 | €93,157 | +€82,198 | +750% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €17,004 | +€16,612 | +4,238% |
| Other operating charges | 640/8 | €917 | €1,642 | +€726 | +79.2% |
| Gross operating margin | 9900 | €1,762 | €13,046 | +€11,284 | +641% |
| Operating profit (loss) | 9901 | €453 | -€5,601 | -€6,053 | |
| Financial income | 75/76B | - | €242 | +€242 | |
| Recurring financial income | 75 | - | €242 | +€242 | |
| Financial charges | 65/66B | €34 | €725 | +€692 | +2,056% |
| Recurring financial charges | 65 | €34 | €725 | +€692 | +2,056% |
| Profit (loss) for the period before taxes | 9903 | €419 | -€6,084 | -€6,503 | |
| Income taxes | 67/77 | €7 | €2 | -€5 | -74.9% |
| Profit (loss) for the period | 9904 | €412 | -€6,085 | -€6,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €412 | -€6,085 | -€6,497 |
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 16 October 2026 via checked.be.