EAGLE FINANCE: 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 FINANCE
Largest movements
- Receivables within one year -€84,099
down €84,099 (-87.3%), from €96,380 to €12,281
of which Other amounts receivable: -€83,127
- Cash +€51,671
up €51,671 (+123%), from €42,005 to €93,676
mainly Net result for the year (+€303,502) and Receivables within one year (+€84,099)
- Tangible fixed assets +€34,645
up €34,645 (+3.5%), from €996,956 to €1.0m
of which Land and buildings: +€47,911
- Reserves +€303,000
up €303,000 (+38.2%), from €792,780 to €1.1m
of which Distributable reserves: +€303,000
- Profit (loss) carried forward -€149,498
down €149,498 (-27.0%), from €553,143 to €403,645
- Other debts -€101,609
down €101,609 (-40.3%), from €251,864 to €150,255
- Debts after one year -€83,711
down €83,711 (-24.1%), from €346,858 to €263,147
- Tax, wage and social debts +€21,707
up €21,707 (+93.4%), from €23,231 to €44,938
of which Taxes: +€16,707
- Financial income +€149,940
up €149,940 (+150%), from €99,960 to €249,900
- Other operating charges +€58,880
up €58,880 (+943%), from €6,247 to €65,127
- Write-downs -€50,000
new in 2025: -€50,000
- Gross operating margin +€22,069
up €22,069 (+16.2%), from €136,371 to €158,440
- Taxes +€15,675
up €15,675 (+106%), from €14,827 to €30,502
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 | €2,113,666 | €2,115,602 | +€1,937 | +0.1% |
| Fixed assets | 21/28 | €1,972,699 | €2,005,846 | +€33,147 | +1.7% |
| Tangible fixed assets | 22/27 | €996,956 | €1,031,601 | +€34,645 | +3.5% |
| Land and buildings | 22 | €956,630 | €1,004,541 | +€47,911 | +5.0% |
| Plant, machinery and equipment | 23 | €2,401 | €2,011 | -€391 | -16.3% |
| Furniture and vehicles | 24 | €6,886 | €4,510 | -€2,376 | -34.5% |
| Leasing and similar rights | 25 | €31,040 | €20,540 | -€10,500 | -33.8% |
| Financial fixed assets | 28 | €975,743 | €974,245 | -€1,498 | -0.2% |
| Current assets | 29/58 | €140,966 | €109,756 | -€31,210 | -22.1% |
| Amounts receivable within one year | 40/41 | €96,380 | €12,281 | -€84,099 | -87.3% |
| Trade receivables | 40 | €972 | - | -€972 | |
| Other amounts receivable | 41 | €95,407 | €12,281 | -€83,127 | -87.1% |
| Cash at bank and in hand | 54/58 | €42,005 | €93,676 | +€51,671 | +123% |
| Deferred charges and accrued income | 490/1 | €2,582 | €3,800 | +€1,218 | +47.2% |
| Total equity and liabilities | 10/49 | €2,113,666 | €2,115,602 | +€1,937 | +0.1% |
| Equity | 10/15 | €1,401,723 | €1,555,225 | +€153,502 | +11.0% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €792,780 | €1,095,780 | +€303,000 | +38.2% |
| Non-distributable reserves | 130/1 | €5,580 | €5,580 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,580 | €5,580 | = | 0.0% |
| Distributable reserves | 133 | €787,200 | €1,090,200 | +€303,000 | +38.5% |
| Profit (loss) carried forward | 14 | €553,143 | €403,645 | -€149,498 | -27.0% |
| Amounts payable | 17/49 | €711,942 | €560,377 | -€151,565 | -21.3% |
| Amounts payable after more than one year | 17 | €346,858 | €263,147 | -€83,711 | -24.1% |
| Financial debts | 170/4 | €346,858 | €263,147 | -€83,711 | -24.1% |
| Amounts payable within one year | 42/48 | €364,254 | €297,156 | -€67,098 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €83,271 | €84,299 | +€1,029 | +1.2% |
| Trade debts | 44 | €5,888 | €17,663 | +€11,775 | +200% |
| Suppliers | 440/4 | €5,888 | €17,663 | +€11,775 | +200% |
| Taxes, remuneration and social security | 45 | €23,231 | €44,938 | +€21,707 | +93.4% |
| Taxes | 450/3 | €23,231 | €39,938 | +€16,707 | +71.9% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €251,864 | €150,255 | -€101,609 | -40.3% |
| Accrued charges and deferred income | 492/3 | €831 | €74 | -€756 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,402 | €51,885 | +€3,484 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€50,000 | -€50,000 | |
| Other operating charges | 640/8 | €6,247 | €65,127 | +€58,880 | +943% |
| Non-recurring operating charges | 66A | €577 | - | -€577 | |
| Gross operating margin | 9900 | €136,371 | €158,440 | +€22,069 | +16.2% |
| Operating profit (loss) | 9901 | €81,145 | €91,427 | +€10,282 | +12.7% |
| Financial income | 75/76B | €99,960 | €249,900 | +€149,940 | +150% |
| Recurring financial income | 75 | €99,960 | €249,900 | +€149,940 | +150% |
| Financial charges | 65/66B | €9,724 | €7,323 | -€2,401 | -24.7% |
| Recurring financial charges | 65 | €9,724 | €7,323 | -€2,401 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €171,381 | €334,004 | +€162,623 | +94.9% |
| Income taxes | 67/77 | €14,827 | €30,502 | +€15,675 | +106% |
| Profit (loss) for the period | 9904 | €156,555 | €303,502 | +€146,947 | +93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €156,555 | €303,502 | +€146,947 | +93.9% |
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 23 October 2026 via checked.be.