EAGLE-i: 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-i
Largest movements
- Cash -€135,074
down €135,074 (-21.8%), from €619,081 to €484,007
mainly Debts after one year (-€298,688) and Other debts (-€63,833)
- Tangible fixed assets -€42,285
down €42,285 (-9.1%), from €462,194 to €419,909
of which Furniture and vehicles: -€31,268
- Receivables within one year +€25,559
new in 2025: €25,559
of which Trade receivables: +€22,688
- Debts after one year -€298,688
no longer reported in 2025 (was €298,688)
- Reserves +€191,621
up €191,621 (+28.4%), from €675,291 to €866,912
of which Distributable reserves: +€195,229
- Other debts -€63,833
down €63,833 (-80.2%), from €79,609 to €15,776
- Tax, wage and social debts +€33,346
up €33,346 (+282%), from €11,826 to €45,172
- Accrued charges and deferred income -€12,623
down €12,623 (-88.7%), from €14,238 to €1,615
- Gross operating margin +€155,970
up €155,970 (+107%), from €145,406 to €301,376
- Taxes +€48,653
up €48,653 (+180%), from €27,102 to €75,755
- Financial income +€22,750
up €22,750 (+2,819%), from €807 to €23,557
- Depreciation +€19,085
up €19,085 (+67.7%), from €28,173 to €47,258
- Financial charges -€6,531
down €6,531 (-46.9%), from €13,934 to €7,403
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 | €1,081,675 | €929,475 | -€152,200 | -14.1% |
| Fixed assets | 21/28 | €462,194 | €419,909 | -€42,285 | -9.1% |
| Tangible fixed assets | 22/27 | €462,194 | €419,909 | -€42,285 | -9.1% |
| Land and buildings | 22 | €325,781 | €315,486 | -€10,295 | -3.2% |
| Plant, machinery and equipment | 23 | €2,189 | €1,467 | -€722 | -33.0% |
| Furniture and vehicles | 24 | €134,224 | €102,956 | -€31,268 | -23.3% |
| Current assets | 29/58 | €619,481 | €509,566 | -€109,915 | -17.7% |
| Amounts receivable within one year | 40/41 | - | €25,559 | +€25,559 | |
| Trade receivables | 40 | - | €22,688 | +€22,688 | |
| Other amounts receivable | 41 | - | €2,871 | +€2,871 | |
| Cash at bank and in hand | 54/58 | €619,081 | €484,007 | -€135,074 | -21.8% |
| Deferred charges and accrued income | 490/1 | €400 | - | -€400 | |
| Total equity and liabilities | 10/49 | €1,081,675 | €929,475 | -€152,200 | -14.1% |
| Equity | 10/15 | €675,291 | €866,912 | +€191,621 | +28.4% |
| Reserves | 13 | €675,291 | €866,912 | +€191,621 | +28.4% |
| Tax-exempt reserves | 132 | €3,608 | - | -€3,608 | |
| Distributable reserves | 133 | €671,683 | €866,912 | +€195,229 | +29.1% |
| Amounts payable | 17/49 | €406,384 | €62,563 | -€343,821 | -84.6% |
| Amounts payable after more than one year | 17 | €298,688 | - | -€298,688 | |
| Financial debts | 170/4 | €298,688 | - | -€298,688 | |
| Amounts payable within one year | 42/48 | €93,458 | €60,948 | -€32,510 | -34.8% |
| Trade debts | 44 | €2,023 | - | -€2,023 | |
| Suppliers | 440/4 | €2,023 | - | -€2,023 | |
| Taxes, remuneration and social security | 45 | €11,826 | €45,172 | +€33,346 | +282% |
| Taxes | 450/3 | €11,826 | €45,172 | +€33,346 | +282% |
| Other amounts payable | 47/48 | €79,609 | €15,776 | -€63,833 | -80.2% |
| Accrued charges and deferred income | 492/3 | €14,238 | €1,615 | -€12,623 | -88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,173 | €47,258 | +€19,085 | +67.7% |
| Other operating charges | 640/8 | €766 | €2,896 | +€2,130 | +278% |
| Gross operating margin | 9900 | €145,406 | €301,376 | +€155,970 | +107% |
| Operating profit (loss) | 9901 | €116,467 | €251,222 | +€134,755 | +116% |
| Financial income | 75/76B | €807 | €23,557 | +€22,750 | +2,819% |
| Recurring financial income | 75 | €807 | €23,557 | +€22,750 | +2,819% |
| Financial charges | 65/66B | €13,934 | €7,403 | -€6,531 | -46.9% |
| Recurring financial charges | 65 | €13,934 | €7,403 | -€6,531 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €103,340 | €267,376 | +€164,036 | +159% |
| Transfer from deferred taxes | 780 | - | €3,608 | +€3,608 | |
| Income taxes | 67/77 | €27,102 | €75,755 | +€48,653 | +180% |
| Profit (loss) for the period | 9904 | €76,238 | €195,229 | +€118,991 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €76,238 | €195,229 | +€118,991 | +156% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.