DR. EECKHOUT: 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.
DR. EECKHOUT
Largest movements
- Financial fixed assets +€136,132
up €136,132 (+8.6%), from €1.6m to €1.7m
- Cash +€44,905
up €44,905 (+96.2%), from €46,673 to €91,577
mainly Net result for the year (+€182,223) and Depreciation (+€12,316)
- Reserves +€182,223
up €182,223 (+11.1%), from €1.6m to €1.8m
of which Distributable reserves: +€182,223
- Gross operating margin -€43,832
down €43,832 (-14.7%), from €297,588 to €253,756
- Financial income +€20,083
up €20,083 (+283%), from €7,098 to €27,181
- Taxes -€10,036
down €10,036 (-10.9%), from €92,316 to €82,281
- Depreciation -€3,671
down €3,671 (-23.0%), from €15,987 to €12,316
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 | €1,664,396 | €1,845,713 | +€181,317 | +10.9% |
| Fixed assets | 21/28 | €1,588,655 | €1,714,666 | +€126,011 | +7.9% |
| Tangible fixed assets | 22/27 | €12,160 | €2,039 | -€10,121 | -83.2% |
| Land and buildings | 22 | €1,864 | €924 | -€940 | -50.4% |
| Plant, machinery and equipment | 23 | €1,622 | €1,116 | -€506 | -31.2% |
| Furniture and vehicles | 24 | €8,674 | - | -€8,674 | |
| Financial fixed assets | 28 | €1,576,495 | €1,712,626 | +€136,132 | +8.6% |
| Current assets | 29/58 | €75,741 | €131,047 | +€55,306 | +73.0% |
| Amounts receivable within one year | 40/41 | €7,997 | €23,927 | +€15,930 | +199% |
| Trade receivables | 40 | - | €4,500 | +€4,500 | |
| Other amounts receivable | 41 | €7,997 | €19,427 | +€11,430 | +143% |
| Cash at bank and in hand | 54/58 | €46,673 | €91,577 | +€44,905 | +96.2% |
| Deferred charges and accrued income | 490/1 | €21,072 | €15,543 | -€5,529 | -26.2% |
| Total equity and liabilities | 10/49 | €1,664,396 | €1,845,713 | +€181,317 | +10.9% |
| Equity | 10/15 | €1,655,661 | €1,837,884 | +€182,223 | +11.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,641,776 | €1,823,999 | +€182,223 | +11.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,639,916 | €1,822,139 | +€182,223 | +11.1% |
| Profit (loss) carried forward | 14 | €1,485 | €1,485 | +€0 | 0.0% |
| Amounts payable | 17/49 | €8,735 | €7,829 | -€906 | -10.4% |
| Amounts payable within one year | 42/48 | €8,735 | €7,829 | -€906 | -10.4% |
| Trade debts | 44 | €8,503 | €7,829 | -€674 | -7.9% |
| Suppliers | 440/4 | €8,503 | €7,829 | -€674 | -7.9% |
| Taxes, remuneration and social security | 45 | €232 | - | -€232 | |
| Taxes | 450/3 | €232 | - | -€232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,987 | €12,316 | -€3,671 | -23.0% |
| Other operating charges | 640/8 | €2,027 | €1,255 | -€771 | -38.1% |
| Gross operating margin | 9900 | €297,588 | €253,756 | -€43,832 | -14.7% |
| Operating profit (loss) | 9901 | €279,575 | €240,185 | -€39,389 | -14.1% |
| Financial income | 75/76B | €7,098 | €27,181 | +€20,083 | +283% |
| Recurring financial income | 75 | €7,098 | €27,181 | +€20,083 | +283% |
| Financial charges | 65/66B | €2,199 | €2,862 | +€663 | +30.1% |
| Recurring financial charges | 65 | €2,199 | €2,862 | +€663 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €284,473 | €264,504 | -€19,969 | -7.0% |
| Income taxes | 67/77 | €92,316 | €82,281 | -€10,036 | -10.9% |
| Profit (loss) for the period | 9904 | €192,157 | €182,223 | -€9,934 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €192,157 | €182,223 | -€9,934 | -5.2% |
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 14 October 2026 via checked.be.