EAGER: 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.
EAGER
Largest movements
- Current investments +€45,000
up €45,000 (+39.0%), from €115,346 to €160,346
- Tangible fixed assets -€44,000
down €44,000 (-7.3%), from €601,782 to €557,782
of which Land and buildings: -€46,598
- Cash -€29,834
down €29,834 (-65.8%), from €45,316 to €15,482
mainly Current investments (-€45,000) and Debts after one year (-€36,328)
- Receivables within one year +€12,528
up €12,528 (+63.7%), from €19,663 to €32,191
of which Trade receivables: +€11,682
- Reserves +€44,866
up €44,866 (+8.6%), from €524,526 to €569,392
- Debts after one year -€36,328
down €36,328 (-45.9%), from €79,145 to €42,817
- Other debts -€19,521
down €19,521 (-46.6%), from €41,889 to €22,368
- Financial income +€4,007
up €4,007 (+261.3%), from €1,534 to €5,540
- Gross operating margin +€1,724
up €1,724 (+1.5%), from €114,795 to €116,519
- Financial charges -€1,461
down €1,461 (-23.4%), from €6,238 to €4,778
- Other operating charges +€1,367
up €1,367 (+83.2%), from €1,642 to €3,009
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 | €783,770 | €767,558 | -€16,212 | -2.1% |
| Fixed assets | 21/28 | €601,782 | €557,782 | -€44,000 | -7.3% |
| Tangible fixed assets | 22/27 | €601,782 | €557,782 | -€44,000 | -7.3% |
| Land and buildings | 22 | €587,859 | €541,261 | -€46,598 | -7.9% |
| Plant, machinery and equipment | 23 | €6,512 | €11,280 | +€4,769 | +73.2% |
| Furniture and vehicles | 24 | €7,412 | €5,242 | -€2,170 | -29.3% |
| Current assets | 29/58 | €181,988 | €209,776 | +€27,788 | +15.3% |
| Amounts receivable within one year | 40/41 | €19,663 | €32,191 | +€12,528 | +63.7% |
| Trade receivables | 40 | €19,663 | €31,345 | +€11,682 | +59.4% |
| Other amounts receivable | 41 | - | €846 | +€846 | |
| Current investments | 50/53 | €115,346 | €160,346 | +€45,000 | +39.0% |
| Cash at bank and in hand | 54/58 | €45,316 | €15,482 | -€29,834 | -65.8% |
| Deferred charges and accrued income | 490/1 | €1,664 | €1,757 | +€94 | +5.6% |
| Total equity and liabilities | 10/49 | €783,770 | €767,558 | -€16,212 | -2.1% |
| Equity | 10/15 | €607,526 | €652,392 | +€44,866 | +7.4% |
| Contributions | 10/11 | €83,000 | €83,000 | = | 0.0% |
| Reserves | 13 | €524,526 | €569,392 | +€44,866 | +8.6% |
| Distributable reserves | 133 | €524,526 | €569,392 | +€44,866 | +8.6% |
| Amounts payable | 17/49 | €176,245 | €115,167 | -€61,078 | -34.7% |
| Amounts payable after more than one year | 17 | €79,145 | €42,817 | -€36,328 | -45.9% |
| Financial debts | 170/4 | €79,145 | €42,817 | -€36,328 | -45.9% |
| Amounts payable within one year | 42/48 | €91,960 | €70,039 | -€21,921 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €35,989 | €36,328 | +€340 | +0.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €874 | €485 | -€389 | -44.5% |
| Suppliers | 440/4 | €874 | €485 | -€389 | -44.5% |
| Taxes, remuneration and social security | 45 | €13,209 | €10,858 | -€2,351 | -17.8% |
| Taxes | 450/3 | €10,948 | €8,560 | -€2,388 | -21.8% |
| Remuneration and social security | 454/9 | €2,261 | €2,298 | +€37 | +1.6% |
| Other amounts payable | 47/48 | €41,889 | €22,368 | -€19,521 | -46.6% |
| Accrued charges and deferred income | 492/3 | €5,139 | €2,311 | -€2,828 | -55.0% |
| Non-recurring operating income | 76A | €1,500 | €0 | -€1,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,279 | €44,671 | -€609 | -1.3% |
| Other operating charges | 640/8 | €1,642 | €3,009 | +€1,367 | +83.2% |
| Non-recurring operating charges | 66A | - | €8,927 | +€8,927 | |
| Gross operating margin | 9900 | €114,795 | €116,519 | +€1,724 | +1.5% |
| Operating profit (loss) | 9901 | €67,874 | €59,912 | -€7,962 | -11.7% |
| Financial income | 75/76B | €1,534 | €5,540 | +€4,007 | +261.3% |
| Recurring financial income | 75 | €1,534 | €5,540 | +€4,007 | +261.3% |
| Financial charges | 65/66B | €6,238 | €4,778 | -€1,461 | -23.4% |
| Recurring financial charges | 65 | €6,238 | €4,778 | -€1,461 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €63,170 | €60,675 | -€2,495 | -3.9% |
| Income taxes | 67/77 | €16,862 | €15,809 | -€1,053 | -6.2% |
| Profit (loss) for the period | 9904 | €46,307 | €44,866 | -€1,441 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,307 | €44,866 | -€1,441 | -3.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.