EAGLE EYES: 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 EYES
Largest movements
- Cash +€88,878
up €88,878 (+17.2%), from €516,053 to €604,931
mainly Other debts (+€636,972) and Net result for the year (+€150,588)
- Tangible fixed assets -€13,316
down €13,316 (-25.1%), from €53,002 to €39,686
- Other debts +€636,972
up €636,972 (+15,646%), from €4,071 to €641,043
- Reserves -€573,347
down €573,347 (-100%), from €573,347 to €0
- Tax, wage and social debts +€16,254
up €16,254 (+218%), from €7,464 to €23,718
of which Taxes: +€16,254
- Gross operating margin +€47,088
up €47,088 (+26.9%), from €174,777 to €221,865
- Taxes +€12,454
up €12,454 (+31.2%), from €39,911 to €52,365
- Financial charges +€4,652
up €4,652 (+8,457%), from €55 to €4,707
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 | €594,894 | €672,618 | +€77,724 | +13.1% |
| Fixed assets | 21/28 | €53,002 | €39,686 | -€13,316 | -25.1% |
| Tangible fixed assets | 22/27 | €53,002 | €39,686 | -€13,316 | -25.1% |
| Furniture and vehicles | 24 | €53,002 | €39,686 | -€13,316 | -25.1% |
| Current assets | 29/58 | €541,892 | €632,932 | +€91,041 | +16.8% |
| Amounts receivable within one year | 40/41 | €25,269 | €27,258 | +€1,988 | +7.9% |
| Trade receivables | 40 | €23,180 | €27,258 | +€4,078 | +17.6% |
| Other amounts receivable | 41 | €2,089 | €0 | -€2,089 | -100% |
| Cash at bank and in hand | 54/58 | €516,053 | €604,931 | +€88,878 | +17.2% |
| Deferred charges and accrued income | 490/1 | €570 | €744 | +€174 | +30.5% |
| Total equity and liabilities | 10/49 | €594,894 | €672,618 | +€77,724 | +13.1% |
| Equity | 10/15 | €575,752 | €2,521 | -€573,231 | -99.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €573,347 | €0 | -€573,347 | -100% |
| Distributable reserves | 133 | €573,347 | €0 | -€573,347 | -100% |
| Profit (loss) carried forward | 14 | -€95 | €21 | +€116 | |
| Amounts payable | 17/49 | €19,142 | €670,098 | +€650,955 | +3,401% |
| Amounts payable within one year | 42/48 | €17,332 | €665,486 | +€648,154 | +3,740% |
| Trade debts | 44 | €5,797 | €726 | -€5,072 | -87.5% |
| Suppliers | 440/4 | €5,797 | €726 | -€5,072 | -87.5% |
| Taxes, remuneration and social security | 45 | €7,464 | €23,718 | +€16,254 | +218% |
| Taxes | 450/3 | €7,464 | €23,718 | +€16,254 | +218% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,071 | €641,043 | +€636,972 | +15,646% |
| Accrued charges and deferred income | 492/3 | €1,810 | €4,611 | +€2,801 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,342 | €13,316 | -€26 | -0.2% |
| Other operating charges | 640/8 | €938 | €890 | -€48 | -5.1% |
| Non-recurring operating charges | 66A | €2,311 | €0 | -€2,311 | -100% |
| Gross operating margin | 9900 | €174,777 | €221,865 | +€47,088 | +26.9% |
| Operating profit (loss) | 9901 | €158,187 | €207,659 | +€49,473 | +31.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.2% |
| Financial charges | 65/66B | €55 | €4,707 | +€4,652 | +8,457% |
| Recurring financial charges | 65 | €55 | €4,707 | +€4,652 | +8,457% |
| Profit (loss) for the period before taxes | 9903 | €158,132 | €202,953 | +€44,821 | +28.3% |
| Income taxes | 67/77 | €39,911 | €52,365 | +€12,454 | +31.2% |
| Profit (loss) for the period | 9904 | €118,221 | €150,588 | +€32,367 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €118,221 | €150,588 | +€32,367 | +27.4% |
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 30 October 2026 via checked.be.