EAGLE FIRST SOLUTION: 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 FIRST SOLUTION
Largest movements
- Receivables within one year +€25,904
up €25,904 (+407.5%), from €6,357 to €32,261
of which Other amounts receivable: +€14,226
- Cash -€14,491
down €14,491 (-85.2%), from €17,009 to €2,518
mainly Receivables within one year (-€25,904) and Investment in fixed assets (net) (-€22,633)
- Tangible fixed assets +€6,422
up €6,422 (+18.9%), from €33,968 to €40,390
of which Plant, machinery and equipment: +€4,831
- Deferred charges and accrued income -€924
down €924 (-16.8%), from €5,498 to €4,574
- Tax, wage and social debts +€7,667
up €7,667 (+494.4%), from €1,551 to €9,218
of which Taxes: +€5,533
- Reserves +€5,911
up €5,911 (+15.6%), from €37,954 to €43,865
- Trade debts +€3,316
up €3,316 (+69.4%), from €4,777 to €8,093
- Staff costs +€11,347
up €11,347 (+28.4%), from €40,009 to €51,356
- Gross operating margin -€3,166
down €3,166 (-3.7%), from €85,945 to €82,779
- Depreciation +€2,811
up €2,811 (+21.0%), from €13,400 to €16,211
- Financial charges -€1,220
down €1,220 (-59.4%), from €2,054 to €834
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 | €62,832 | €79,743 | +€16,910 | +26.9% |
| Fixed assets | 21/28 | €33,968 | €40,390 | +€6,422 | +18.9% |
| Tangible fixed assets | 22/27 | €33,968 | €40,390 | +€6,422 | +18.9% |
| Plant, machinery and equipment | 23 | €11,943 | €16,775 | +€4,831 | +40.5% |
| Furniture and vehicles | 24 | €22,025 | €23,616 | +€1,591 | +7.2% |
| Current assets | 29/58 | €28,864 | €39,352 | +€10,488 | +36.3% |
| Amounts receivable within one year | 40/41 | €6,357 | €32,261 | +€25,904 | +407.5% |
| Trade receivables | 40 | €5,309 | €16,987 | +€11,678 | +220.0% |
| Other amounts receivable | 41 | €1,048 | €15,274 | +€14,226 | +1357.4% |
| Cash at bank and in hand | 54/58 | €17,009 | €2,518 | -€14,491 | -85.2% |
| Deferred charges and accrued income | 490/1 | €5,498 | €4,574 | -€924 | -16.8% |
| Total equity and liabilities | 10/49 | €62,832 | €79,743 | +€16,910 | +26.9% |
| Equity | 10/15 | €56,504 | €62,415 | +€5,911 | +10.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €37,954 | €43,865 | +€5,911 | +15.6% |
| Distributable reserves | 133 | €37,954 | €43,865 | +€5,911 | +15.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €6,328 | €17,328 | +€11,000 | +173.8% |
| Amounts payable within one year | 42/48 | €6,328 | €17,311 | +€10,983 | +173.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,777 | €8,093 | +€3,316 | +69.4% |
| Suppliers | 440/4 | €4,777 | €8,093 | +€3,316 | +69.4% |
| Taxes, remuneration and social security | 45 | €1,551 | €9,218 | +€7,667 | +494.4% |
| Taxes | 450/3 | - | €5,533 | +€5,533 | |
| Remuneration and social security | 454/9 | €1,551 | €3,685 | +€2,134 | +137.6% |
| Accrued charges and deferred income | 492/3 | - | €16 | +€16 | |
| Remuneration, social security and pensions | 62 | €40,009 | €51,356 | +€11,347 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,400 | €16,211 | +€2,811 | +21.0% |
| Other operating charges | 640/8 | €1,528 | €1,828 | +€299 | +19.6% |
| Gross operating margin | 9900 | €85,945 | €82,779 | -€3,166 | -3.7% |
| Operating profit (loss) | 9901 | €31,008 | €13,384 | -€17,624 | -56.8% |
| Financial income | 75/76B | €132 | €422 | +€290 | +219.0% |
| Recurring financial income | 75 | €132 | €422 | +€290 | +219.0% |
| Financial charges | 65/66B | €2,054 | €834 | -€1,220 | -59.4% |
| Recurring financial charges | 65 | €2,054 | €834 | -€1,220 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €29,086 | €12,972 | -€16,114 | -55.4% |
| Income taxes | 67/77 | €6,493 | €7,061 | +€568 | +8.8% |
| Profit (loss) for the period | 9904 | €22,593 | €5,911 | -€16,683 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,593 | €5,911 | -€16,683 | -73.8% |
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 9 October 2026 via checked.be.