Eagle Capital: what changed
Two financial 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 Capital
Largest movements
- Financial fixed assets -€182.1m
down €182.1m (-7.2%), from €2.53bn to €2.35bn
- Contributions -€111.0m
down €111.0m (-4.1%), from €2.69bn to €2.58bn
of which Contributions outside capital: -€111.0m
- Profit (loss) carried forward -€70.9m
down €70.9m (-43.1%), from -€164.3m to -€235.2m
- Financial charges +€174.5m
up €174.5m (+2,274%), from €7.7m to €182.1m
of which Non-recurring financial charges: +€174.5m
- Financial income +€49.1m
up €49.1m (+78.6%), from €62.4m to €111.5m
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.
Derived cash bridge
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 | €2,528,318,448 | €2,346,449,330 | -€181.9m | -7.2% |
| Fixed assets | 21/28 | €2,527,901,972 | €2,345,769,768 | -€182.1m | -7.2% |
| Financial fixed assets | 28 | €2,527,901,972 | €2,345,769,768 | -€182.1m | -7.2% |
| Affiliated companies | 280/1 | €2,527,901,972 | €2,345,769,768 | -€182.1m | -7.2% |
| Participating interests | 280 | €2,527,901,972 | €2,345,769,768 | -€182.1m | -7.2% |
| Current assets | 29/58 | €416,476 | €679,563 | +€263,087 | +63.2% |
| Amounts receivable within one year | 40/41 | €11,709 | €1,160 | -€10,548 | -90.1% |
| Other amounts receivable | 41 | €11,709 | €1,160 | -€10,548 | -90.1% |
| Cash at bank and in hand | 54/58 | €404,768 | €678,403 | +€273,635 | +67.6% |
| Total equity and liabilities | 10/49 | €2,528,318,448 | €2,346,449,330 | -€181.9m | -7.2% |
| Equity | 10/15 | €2,528,310,498 | €2,346,410,585 | -€181.9m | -7.2% |
| Contributions | 10/11 | €2,686,800,000 | €2,575,800,000 | -€111.0m | -4.1% |
| Capital | 10 | €100,000,000 | €100,000,000 | = | 0.0% |
| Issued capital | 100 | €100,000,000 | €100,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,586,800,000 | €2,475,800,000 | -€111.0m | -4.3% |
| Share premium | 1100/10 | €2,586,800,000 | €2,475,800,000 | -€111.0m | -4.3% |
| Reserves | 13 | €5,827,573 | €5,827,573 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,827,573 | €5,827,573 | = | 0.0% |
| Legal reserve | 130 | €5,827,573 | €5,827,573 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,317,075 | -€235,216,988 | -€70.9m | -43.1% |
| Amounts payable | 17/49 | €7,950 | €38,745 | +€30,795 | +387% |
| Amounts payable within one year | 42/48 | €7,950 | €38,745 | +€30,795 | +387% |
| Trade debts | 44 | €7,950 | €38,745 | +€30,795 | +387% |
| Suppliers | 440/4 | €7,950 | €38,745 | +€30,795 | +387% |
| Operating charges | 60/66A | €265,106 | €271,485 | +€6,379 | +2.4% |
| Services and other goods | 61 | €264,139 | €270,487 | +€6,348 | +2.4% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€265,106 | -€271,485 | -€6,379 | -2.4% |
| Financial income | 75/76B | €62,439,503 | €111,504,742 | +€49.1m | +78.6% |
| Recurring financial income | 75 | €62,439,503 | €111,504,742 | +€49.1m | +78.6% |
| Income from financial fixed assets | 750 | €62,250,000 | €111,500,000 | +€49.3m | +79.1% |
| Income from current assets | 751 | €189,503 | €4,742 | -€184,760 | -97.5% |
| Financial charges | 65/66B | €7,670,831 | €182,133,170 | +€174.5m | +2,274% |
| Recurring financial charges | 65 | €698 | €966 | +€268 | +38.3% |
| Other financial charges | 652/9 | €698 | €966 | +€268 | +38.3% |
| Non-recurring financial charges | 66B | €7,670,133 | €182,132,204 | +€174.5m | +2,275% |
| Profit (loss) for the period before taxes | 9903 | €54,503,566 | -€70,899,913 | -€125.4m | |
| Income taxes | 67/77 | -€3 | - | +€3 | |
| Tax adjustments and reversals of tax provisions | 77 | €3 | - | -€3 | |
| Profit (loss) for the period | 9904 | €54,503,569 | -€70,899,913 | -€125.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €54,503,569 | -€70,899,913 | -€125.4m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.