DR. EECKELAERT: what changed
Two fiscal 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.
DR. EECKELAERT
Largest movements
- Receivables within one year +€31,495
up €31,495 (+838.6%), from €3,756 to €35,251
of which Trade receivables: +€31,802
- Tangible fixed assets -€20,541
down €20,541 (-3.7%), from €553,678 to €533,136
of which Land and buildings: -€20,215
- Cash -€20,028
down €20,028 (-84.0%), from €23,841 to €3,813
mainly Other debts (-€60,202) and Receivables within one year (-€31,495)
- Deferred charges and accrued income -€10,358
down €10,358 (-100.0%), from €10,358 to €0
- Other debts -€60,202
down €60,202 (-77.7%), from €77,433 to €17,231
- Reserves +€40,569
up €40,569 (+8.3%), from €490,933 to €531,502
- Tax, wage and social debts +€6,120
new in 2025: €6,120
- Gross operating margin +€43,646
up €43,646 (+95.5%), from €45,700 to €89,346
- Taxes +€14,220
up €14,220 (+286.2%), from €4,968 to €19,188
- Financial charges -€2,792
down €2,792 (-35.2%), from €7,944 to €5,151
- Financial income -€1,684
down €1,684 (-88.0%), from €1,913 to €229
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.
Cash bridge derived
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 | €591,632 | €572,200 | -€19,432 | -3.3% |
| Fixed assets | 21/28 | €553,678 | €533,136 | -€20,541 | -3.7% |
| Tangible fixed assets | 22/27 | €553,678 | €533,136 | -€20,541 | -3.7% |
| Land and buildings | 22 | €553,172 | €532,957 | -€20,215 | -3.7% |
| Plant, machinery and equipment | 23 | €506 | - | -€506 | |
| Furniture and vehicles | 24 | - | €180 | +€180 | |
| Current assets | 29/58 | €37,955 | €39,064 | +€1,110 | +2.9% |
| Amounts receivable within one year | 40/41 | €3,756 | €35,251 | +€31,495 | +838.6% |
| Trade receivables | 40 | €3,449 | €35,251 | +€31,802 | +922.0% |
| Other amounts receivable | 41 | €306 | €0 | -€306 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,841 | €3,813 | -€20,028 | -84.0% |
| Deferred charges and accrued income | 490/1 | €10,358 | €0 | -€10,358 | -100.0% |
| Total equity and liabilities | 10/49 | €591,632 | €572,200 | -€19,432 | -3.3% |
| Equity | 10/15 | €503,333 | €543,902 | +€40,569 | +8.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €490,933 | €531,502 | +€40,569 | +8.3% |
| Distributable reserves | 133 | €490,933 | €531,502 | +€40,569 | +8.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €88,299 | €28,298 | -€60,000 | -68.0% |
| Amounts payable within one year | 42/48 | €79,583 | €23,351 | -€56,232 | -70.7% |
| Trade debts | 44 | €2,150 | €0 | -€2,150 | -100.0% |
| Suppliers | 440/4 | €2,150 | €0 | -€2,150 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €6,120 | +€6,120 | |
| Taxes | 450/3 | - | €6,120 | +€6,120 | |
| Other amounts payable | 47/48 | €77,433 | €17,231 | -€60,202 | -77.7% |
| Accrued charges and deferred income | 492/3 | €8,716 | €4,948 | -€3,768 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,633 | €20,541 | -€91 | -0.4% |
| Other operating charges | 640/8 | €3,862 | €4,125 | +€263 | +6.8% |
| Gross operating margin | 9900 | €45,700 | €89,346 | +€43,646 | +95.5% |
| Operating profit (loss) | 9901 | €21,205 | €64,680 | +€43,474 | +205.0% |
| Financial income | 75/76B | €1,913 | €229 | -€1,684 | -88.0% |
| Recurring financial income | 75 | €1,913 | €229 | -€1,684 | -88.0% |
| Financial charges | 65/66B | €7,944 | €5,151 | -€2,792 | -35.2% |
| Recurring financial charges | 65 | €7,944 | €5,151 | -€2,792 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €15,174 | €59,757 | +€44,583 | +293.8% |
| Income taxes | 67/77 | €4,968 | €19,188 | +€14,220 | +286.2% |
| Profit (loss) for the period | 9904 | €10,206 | €40,569 | +€30,362 | +297.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,206 | €40,569 | +€30,362 | +297.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.