EAGER Management: 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 Management
Largest movements
- Tangible fixed assets +€53,431
up €53,431 (+217.4%), from €24,581 to €78,012
of which Leasing and similar rights: +€53,615
- Cash -€15,845
down €15,845 (-33.1%), from €47,868 to €32,023
mainly Investment in fixed assets (net) (-€67,082) and Contributions, distributions and other (-€44,006)
- Receivables within one year +€12,223
up €12,223 (+103.8%), from €11,771 to €23,994
of which Trade receivables: +€10,828
- Debts after one year +€53,015
up €53,015, from €0 to €53,015
- Tax, wage and social debts -€36,079
down €36,079 (-89.3%), from €40,395 to €4,315
- Other debts +€20,315
up €20,315 (+63.6%), from €31,920 to €52,235
- Current portion of long-term debt +€8,137
up €8,137 (+80.5%), from €10,104 to €18,241
- Trade debts +€3,616
up €3,616 (+131.2%), from €2,756 to €6,373
- Gross operating margin +€54,441
up €54,441 (+101.3%), from €53,728 to €108,169
- Financial charges +€21,723
up €21,723 (+8272.2%), from €263 to €21,985
- Taxes +€8,520
up €8,520 (+95.2%), from €8,945 to €17,466
- Depreciation +€2,006
up €2,006 (+17.2%), from €11,645 to €13,651
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 | €87,220 | €136,960 | +€49,740 | +57.0% |
| Fixed assets | 21/28 | €24,581 | €78,012 | +€53,431 | +217.4% |
| Tangible fixed assets | 22/27 | €24,581 | €78,012 | +€53,431 | +217.4% |
| Plant, machinery and equipment | 23 | - | €1,871 | +€1,871 | |
| Furniture and vehicles | 24 | €5,130 | €3,075 | -€2,055 | -40.1% |
| Leasing and similar rights | 25 | €19,452 | €73,067 | +€53,615 | +275.6% |
| Current assets | 29/58 | €62,639 | €58,948 | -€3,691 | -5.9% |
| Amounts receivable within one year | 40/41 | €11,771 | €23,994 | +€12,223 | +103.8% |
| Trade receivables | 40 | €9,577 | €20,405 | +€10,828 | +113.1% |
| Other amounts receivable | 41 | €2,194 | €3,589 | +€1,395 | +63.6% |
| Cash at bank and in hand | 54/58 | €47,868 | €32,023 | -€15,845 | -33.1% |
| Deferred charges and accrued income | 490/1 | €3,000 | €2,930 | -€70 | -2.3% |
| Total equity and liabilities | 10/49 | €87,220 | €136,960 | +€49,740 | +57.0% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €85,220 | €134,960 | +€49,740 | +58.4% |
| Amounts payable after more than one year | 17 | €0 | €53,015 | +€53,015 | |
| Financial debts | 170/4 | €0 | €53,015 | +€53,015 | |
| Amounts payable within one year | 42/48 | €85,175 | €81,164 | -€4,011 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €10,104 | €18,241 | +€8,137 | +80.5% |
| Trade debts | 44 | €2,756 | €6,373 | +€3,616 | +131.2% |
| Suppliers | 440/4 | €2,756 | €6,373 | +€3,616 | +131.2% |
| Taxes, remuneration and social security | 45 | €40,395 | €4,315 | -€36,079 | -89.3% |
| Taxes | 450/3 | €40,395 | €4,315 | -€36,079 | -89.3% |
| Other amounts payable | 47/48 | €31,920 | €52,235 | +€20,315 | +63.6% |
| Accrued charges and deferred income | 492/3 | €45 | €781 | +€736 | +1621.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,645 | €13,651 | +€2,006 | +17.2% |
| Other operating charges | 640/8 | €962 | €516 | -€446 | -46.3% |
| Non-recurring operating charges | 66A | - | €10,610 | +€10,610 | |
| Gross operating margin | 9900 | €53,728 | €108,169 | +€54,441 | +101.3% |
| Operating profit (loss) | 9901 | €41,121 | €83,392 | +€42,271 | +102.8% |
| Financial income | 75/76B | €0 | €65 | +€65 | +161925.0% |
| Recurring financial income | 75 | €0 | €65 | +€65 | +161925.0% |
| Financial charges | 65/66B | €263 | €21,985 | +€21,723 | +8272.2% |
| Recurring financial charges | 65 | €263 | €21,985 | +€21,723 | +8272.2% |
| Profit (loss) for the period before taxes | 9903 | €40,859 | €61,471 | +€20,613 | +50.4% |
| Income taxes | 67/77 | €8,945 | €17,466 | +€8,520 | +95.2% |
| Profit (loss) for the period | 9904 | €31,913 | €44,006 | +€12,092 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,913 | €44,006 | +€12,092 | +37.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.