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
- Stocks and contracts -€10,841
down €10,841 (-42.8%), from €25,347 to €14,506
- Profit (loss) carried forward -€8,526
down €8,526 (-5.1%), from -€166,992 to -€175,518
- Tax, wage and social debts -€2,590
down €2,590 (-44.4%), from €5,840 to €3,250
- Trade debts +€462
up €462 (+0.3%), from €183,190 to €183,652
- Gross operating margin -€4,846
down €4,846 (-261.8%), from -€1,851 to -€6,697
- Staff costs -€513
no longer reported in 2025 (was €513)
- Other operating charges -€375
down €375 (-31.7%), from €1,184 to €809
- Financial charges -€276
down €276 (-21.3%), from €1,295 to €1,020
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 | €32,948 | €22,379 | -€10,569 | -32.1% |
| Fixed assets | 21/28 | €5,450 | €5,450 | = | 0.0% |
| Financial fixed assets | 28 | €5,450 | €5,450 | = | 0.0% |
| Current assets | 29/58 | €27,498 | €16,929 | -€10,569 | -38.4% |
| Stocks and contracts in progress | 3 | €25,347 | €14,506 | -€10,841 | -42.8% |
| Stocks | 30/36 | €25,347 | €14,506 | -€10,841 | -42.8% |
| Amounts receivable within one year | 40/41 | €2,094 | €2,265 | +€172 | +8.2% |
| Trade receivables | 40 | €181 | €181 | = | 0.0% |
| Other amounts receivable | 41 | €1,913 | €2,085 | +€172 | +9.0% |
| Cash at bank and in hand | 54/58 | €58 | €158 | +€100 | +172.2% |
| Total equity and liabilities | 10/49 | €32,948 | €22,379 | -€10,569 | -32.1% |
| Equity | 10/15 | -€158,935 | -€167,462 | -€8,526 | -5.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,992 | -€175,518 | -€8,526 | -5.1% |
| Amounts payable | 17/49 | €191,883 | €189,840 | -€2,043 | -1.1% |
| Amounts payable after more than one year | 17 | €2,853 | €2,853 | = | 0.0% |
| Financial debts | 170/4 | €2,853 | €2,853 | = | 0.0% |
| Amounts payable within one year | 42/48 | €189,030 | €186,987 | -€2,043 | -1.1% |
| Financial debts | 43 | - | €86 | +€86 | |
| Credit institutions | 430/8 | - | €86 | +€86 | |
| Trade debts | 44 | €183,190 | €183,652 | +€462 | +0.3% |
| Suppliers | 440/4 | €183,190 | €183,652 | +€462 | +0.3% |
| Taxes, remuneration and social security | 45 | €5,840 | €3,250 | -€2,590 | -44.4% |
| Taxes | 450/3 | €5,840 | €3,250 | -€2,590 | -44.4% |
| Non-recurring operating income | 76A | €10,744 | - | -€10,744 | |
| Remuneration, social security and pensions | 62 | €513 | - | -€513 | |
| Other operating charges | 640/8 | €1,184 | €809 | -€375 | -31.7% |
| Gross operating margin | 9900 | -€1,851 | -€6,697 | -€4,846 | -261.8% |
| Operating profit (loss) | 9901 | -€3,549 | -€7,507 | -€3,958 | -111.5% |
| Financial income | 75/76B | €4 | €0 | -€4 | -98.5% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -98.5% |
| Financial charges | 65/66B | €1,295 | €1,020 | -€276 | -21.3% |
| Recurring financial charges | 65 | €1,295 | €1,020 | -€276 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,840 | -€8,526 | -€3,686 | -76.2% |
| Profit (loss) for the period | 9904 | -€4,840 | -€8,526 | -€3,686 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,840 | -€8,526 | -€3,686 | -76.2% |
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 8 October 2026 via checked.be.