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
- Current investments -€104,330
down €104,330 (-56.9%), from €183,223 to €78,893
- Tangible fixed assets +€78,729
up €78,729 (+5241.7%), from €1,502 to €80,231
- Cash -€8,322
down €8,322 (-76.2%), from €10,918 to €2,597
mainly Contributions, distributions and other (-€273,000) and Investment in fixed assets (net) (-€87,988)
- Receivables within one year +€7,397
up €7,397 (+7.7%), from €96,378 to €103,774
of which Other amounts receivable: +€6,361
- Reserves -€62,000
down €62,000 (-22.7%), from €273,000 to €211,000
- Other debts +€19,550
new in 2025: €19,550
- Tax, wage and social debts +€9,562
up €9,562 (+61.9%), from €15,458 to €25,020
of which Taxes: +€7,812
- Trade debts +€5,463
up €5,463 (+323.1%), from €1,691 to €7,154
- Financial income -€79,013
down €79,013 (-73.9%), from €106,970 to €27,957
- Gross operating margin +€19,742
up €19,742 (+8.3%), from €236,701 to €256,443
- Depreciation +€7,834
up €7,834 (+549.7%), from €1,425 to €9,259
- Taxes -€7,178
down €7,178 (-11.0%), from €65,306 to €58,129
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 | €296,513 | €269,181 | -€27,332 | -9.2% |
| Fixed assets | 21/28 | €1,502 | €80,231 | +€78,729 | +5241.7% |
| Tangible fixed assets | 22/27 | €1,502 | €80,231 | +€78,729 | +5241.7% |
| Furniture and vehicles | 24 | €1,502 | €80,231 | +€78,729 | +5241.7% |
| Current assets | 29/58 | €295,011 | €188,950 | -€106,061 | -36.0% |
| Amounts receivable within one year | 40/41 | €96,378 | €103,774 | +€7,397 | +7.7% |
| Trade receivables | 40 | €73,281 | €74,316 | +€1,036 | +1.4% |
| Other amounts receivable | 41 | €23,097 | €29,458 | +€6,361 | +27.5% |
| Current investments | 50/53 | €183,223 | €78,893 | -€104,330 | -56.9% |
| Cash at bank and in hand | 54/58 | €10,918 | €2,597 | -€8,322 | -76.2% |
| Deferred charges and accrued income | 490/1 | €4,492 | €3,686 | -€806 | -17.9% |
| Total equity and liabilities | 10/49 | €296,513 | €269,181 | -€27,332 | -9.2% |
| Equity | 10/15 | €279,364 | €217,457 | -€61,907 | -22.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €273,000 | €211,000 | -€62,000 | -22.7% |
| Distributable reserves | 133 | €273,000 | €211,000 | -€62,000 | -22.7% |
| Profit (loss) carried forward | 14 | €364 | €457 | +€93 | +25.7% |
| Amounts payable | 17/49 | €17,149 | €51,724 | +€34,575 | +201.6% |
| Amounts payable within one year | 42/48 | €17,149 | €51,724 | +€34,575 | +201.6% |
| Trade debts | 44 | €1,691 | €7,154 | +€5,463 | +323.1% |
| Suppliers | 440/4 | €1,691 | €7,154 | +€5,463 | +323.1% |
| Taxes, remuneration and social security | 45 | €15,458 | €25,020 | +€9,562 | +61.9% |
| Taxes | 450/3 | €15,458 | €23,270 | +€7,812 | +50.5% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | - | €19,550 | +€19,550 | |
| Non-recurring operating income | 76A | - | €14,463 | +€14,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,425 | €9,259 | +€7,834 | +549.7% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Non-recurring operating charges | 66A | €63 | €872 | +€809 | +1282.2% |
| Gross operating margin | 9900 | €236,701 | €256,443 | +€19,742 | +8.3% |
| Operating profit (loss) | 9901 | €234,105 | €245,170 | +€11,065 | +4.7% |
| Financial income | 75/76B | €106,970 | €27,957 | -€79,013 | -73.9% |
| Recurring financial income | 75 | €106,970 | €27,957 | -€79,013 | -73.9% |
| Financial charges | 65/66B | €3,806 | €3,904 | +€98 | +2.6% |
| Recurring financial charges | 65 | €3,806 | €3,904 | +€98 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €337,269 | €269,222 | -€68,047 | -20.2% |
| Income taxes | 67/77 | €65,306 | €58,129 | -€7,178 | -11.0% |
| Profit (loss) for the period | 9904 | €271,963 | €211,093 | -€60,869 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €271,963 | €211,093 | -€60,869 | -22.4% |
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.