Eagle: 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.
Eagle
Largest movements
- Cash +€91,790
up €91,790 (+39.9%), from €229,814 to €321,604
mainly Net result for the year (+€189,113) and Advances received (+€62,819)
- Receivables within one year +€35,853
up €35,853 (+7.0%), from €512,378 to €548,231
of which Trade receivables: +€63,996
- Tangible fixed assets +€23,611
up €23,611 (+197.1%), from €11,980 to €35,591
of which Furniture and vehicles: +€26,611
- Reserves +€150,000
up €150,000 (+2419.4%), from €6,200 to €156,200
of which Distributable reserves: +€150,000
- Trade debts -€65,105
down €65,105 (-12.5%), from €520,582 to €455,477
- Advances received +€62,819
up €62,819 (+202.0%), from €31,091 to €93,910
- Debts after one year +€12,139
new in 2024: €12,139
- Profit (loss) carried forward -€10,887
down €10,887 (-47.6%), from €22,861 to €11,974
- Write-downs +€55,151
up €55,151, from €0 to €55,151
- Staff costs +€51,689
up €51,689 (+8.1%), from €637,610 to €689,299
- Taxes +€43,567
up €43,567 (+4067.2%), from €1,071 to €44,638
- Provisions +€39,917
up €39,917, from -€39,917 to €0
- Gross operating margin -€15,972
down €15,972 (-1.6%), from €1.0m to €1.0m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €783,531 | €930,114 | +€146,582 | +18.7% |
| Fixed assets | 21/28 | €21,296 | €44,995 | +€23,699 | +111.3% |
| Tangible fixed assets | 22/27 | €11,980 | €35,591 | +€23,611 | +197.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,068 | €34,679 | +€26,611 | +329.9% |
| Other tangible fixed assets | 26 | €3,912 | €912 | -€3,000 | -76.7% |
| Financial fixed assets | 28 | €9,316 | €9,404 | +€88 | +0.9% |
| Current assets | 29/58 | €762,235 | €885,118 | +€122,883 | +16.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €512,378 | €548,231 | +€35,853 | +7.0% |
| Trade receivables | 40 | €439,062 | €503,057 | +€63,996 | +14.6% |
| Other amounts receivable | 41 | €73,317 | €45,174 | -€28,143 | -38.4% |
| Cash at bank and in hand | 54/58 | €229,814 | €321,604 | +€91,790 | +39.9% |
| Deferred charges and accrued income | 490/1 | €20,043 | €15,283 | -€4,760 | -23.7% |
| Total equity and liabilities | 10/49 | €783,531 | €930,114 | +€146,582 | +18.7% |
| Equity | 10/15 | €91,061 | €230,174 | +€139,113 | +152.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €156,200 | +€150,000 | +2419.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €0 | €150,000 | +€150,000 | |
| Profit (loss) carried forward | 14 | €22,861 | €11,974 | -€10,887 | -47.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €692,471 | €699,940 | +€7,469 | +1.1% |
| Amounts payable after more than one year | 17 | - | €12,139 | +€12,139 | |
| Financial debts | 170/4 | - | €12,139 | +€12,139 | |
| Amounts payable within one year | 42/48 | €692,471 | €687,801 | -€4,670 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €13,529 | €7,667 | -€5,862 | -43.3% |
| Trade debts | 44 | €520,582 | €455,477 | -€65,105 | -12.5% |
| Suppliers | 440/4 | €520,582 | €455,477 | -€65,105 | -12.5% |
| Advances received on contracts in progress | 46 | €31,091 | €93,910 | +€62,819 | +202.0% |
| Taxes, remuneration and social security | 45 | €59,285 | €69,836 | +€10,552 | +17.8% |
| Taxes | 450/3 | €5,000 | €47 | -€4,953 | -99.1% |
| Remuneration and social security | 454/9 | €54,285 | €69,789 | +€15,505 | +28.6% |
| Other amounts payable | 47/48 | €67,984 | €60,910 | -€7,074 | -10.4% |
| Non-recurring operating income | 76A | - | €6,279 | +€6,279 | |
| Remuneration, social security and pensions | 62 | €637,610 | €689,299 | +€51,689 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,039 | €11,834 | +€795 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €55,151 | +€55,151 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€39,917 | €0 | +€39,917 | |
| Other operating charges | 640/8 | €3,894 | €8,298 | +€4,404 | +113.1% |
| Non-recurring operating charges | 66A | €531,474 | €0 | -€531,474 | -100.0% |
| Gross operating margin | 9900 | €1,027,121 | €1,011,150 | -€15,972 | -1.6% |
| Operating profit (loss) | 9901 | -€116,979 | €246,568 | +€363,546 | |
| Financial income | 75/76B | €3,935 | €14,690 | +€10,755 | +273.3% |
| Recurring financial income | 75 | €3,935 | €14,690 | +€10,755 | +273.3% |
| Financial charges | 65/66B | €25,633 | €27,506 | +€1,873 | +7.3% |
| Recurring financial charges | 65 | €25,633 | €27,506 | +€1,873 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€138,677 | €233,752 | +€372,428 | |
| Income taxes | 67/77 | €1,071 | €44,638 | +€43,567 | +4067.2% |
| Profit (loss) for the period | 9904 | -€139,748 | €189,113 | +€328,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€139,748 | €189,113 | +€328,861 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.