Carlo Eggermont: 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.
Carlo Eggermont
Largest movements
- Receivables within one year +€865,823
up €865,823 (+72.9%), from €1.2m to €2.1m
of which Trade receivables: +€856,823
- Current investments +€150,000
up €150,000 (+33.3%), from €450,000 to €600,000
- Cash +€140,495
up €140,495 (+54.1%), from €259,535 to €400,030
mainly Net result for the year (+€2.7m) and Other debts (+€940,000)
- Other debts +€940,000
up €940,000 (+53.4%), from €1.8m to €2.7m
- Trade debts +€171,856
up €171,856 (+216%), from €79,741 to €251,597
- Tax, wage and social debts +€39,855
up €39,855 (+47.7%), from €83,505 to €123,360
of which Taxes: +€36,913
- Gross operating margin +€952,949
up €952,949 (+51.7%), from €1.8m to €2.8m
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 | €1,957,814 | €3,112,750 | +€1.2m | +59.0% |
| Fixed assets | 21/28 | €39,220 | €46,799 | +€7,579 | +19.3% |
| Intangible fixed assets | 21 | €5,346 | €4,082 | -€1,264 | -23.6% |
| Tangible fixed assets | 22/27 | €25,373 | €34,181 | +€8,808 | +34.7% |
| Furniture and vehicles | 24 | €25,373 | €28,582 | +€3,209 | +12.6% |
| Other tangible fixed assets | 26 | - | €5,599 | +€5,599 | |
| Financial fixed assets | 28 | €8,501 | €8,536 | +€35 | +0.4% |
| Current assets | 29/58 | €1,918,594 | €3,065,951 | +€1.1m | +59.8% |
| Amounts receivable after more than one year | 29 | €18,000 | €9,000 | -€9,000 | -50.0% |
| Other amounts receivable | 291 | €18,000 | €9,000 | -€9,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €1,187,841 | €2,053,664 | +€865,823 | +72.9% |
| Trade receivables | 40 | €1,178,841 | €2,035,664 | +€856,823 | +72.7% |
| Other amounts receivable | 41 | €9,000 | €18,000 | +€9,000 | +100% |
| Current investments | 50/53 | €450,000 | €600,000 | +€150,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €259,535 | €400,030 | +€140,495 | +54.1% |
| Deferred charges and accrued income | 490/1 | €3,218 | €3,257 | +€39 | +1.2% |
| Total equity and liabilities | 10/49 | €1,957,814 | €3,112,750 | +€1.2m | +59.0% |
| Equity | 10/15 | €33,066 | €36,291 | +€3,225 | +9.8% |
| Reserves | 13 | €33,066 | €36,291 | +€3,225 | +9.8% |
| Distributable reserves | 133 | €33,066 | €36,291 | +€3,225 | +9.8% |
| Amounts payable | 17/49 | €1,924,748 | €3,076,459 | +€1.2m | +59.8% |
| Amounts payable within one year | 42/48 | €1,924,748 | €3,076,459 | +€1.2m | +59.8% |
| Trade debts | 44 | €79,741 | €251,597 | +€171,856 | +216% |
| Suppliers | 440/4 | €79,741 | €251,597 | +€171,856 | +216% |
| Taxes, remuneration and social security | 45 | €83,505 | €123,360 | +€39,855 | +47.7% |
| Taxes | 450/3 | €75,577 | €112,490 | +€36,913 | +48.8% |
| Remuneration and social security | 454/9 | €7,928 | €10,870 | +€2,942 | +37.1% |
| Other amounts payable | 47/48 | €1,761,502 | €2,701,502 | +€940,000 | +53.4% |
| Remuneration, social security and pensions | 62 | €60,185 | €83,176 | +€22,991 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,077 | €13,769 | -€1,308 | -8.7% |
| Other operating charges | 640/8 | €3,564 | €1,170 | -€2,394 | -67.2% |
| Gross operating margin | 9900 | €1,841,607 | €2,794,556 | +€952,949 | +51.7% |
| Operating profit (loss) | 9901 | €1,762,781 | €2,696,441 | +€933,660 | +53.0% |
| Financial income | 75/76B | €36 | €13,010 | +€12,974 | +36,039% |
| Recurring financial income | 75 | €36 | €13,010 | +€12,974 | +36,039% |
| Financial charges | 65/66B | €323 | €1,096 | +€773 | +239% |
| Recurring financial charges | 65 | €323 | €1,096 | +€773 | +239% |
| Profit (loss) for the period before taxes | 9903 | €1,762,494 | €2,708,355 | +€945,861 | +53.7% |
| Income taxes | 67/77 | €1,878 | €5,130 | +€3,252 | +173% |
| Profit (loss) for the period | 9904 | €1,760,616 | €2,703,225 | +€942,609 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,760,616 | €2,703,225 | +€942,609 | +53.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.