EAGLE TRANSFER BRUSELAS: 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 TRANSFER BRUSELAS
Largest movements
- Tangible fixed assets -€21,967
down €21,967 (-48.6%), from €45,156 to €23,190
- Receivables within one year +€9,186
up €9,186 (+40.3%), from €22,779 to €31,965
of which Other amounts receivable: +€11,252
- Cash +€4,627
up €4,627 (+318%), from €1,454 to €6,081
mainly Investment in fixed assets (net) (+€15,485) and Net result for the year (+€9,411)
- Other debts -€12,041
no longer reported in 2025 (was €12,041)
- Trade debts -€10,564
down €10,564 (-50.9%), from €20,745 to €10,181
- Profit (loss) carried forward +€9,411
up €9,411 (+27.2%), from €34,604 to €44,015
- Tax, wage and social debts +€5,198
new in 2025: €5,198
- Other operating charges +€13,071
up €13,071 (+1,288%), from €1,015 to €14,086
- Gross operating margin +€11,033
up €11,033 (+48.1%), from €22,917 to €33,950
- Taxes -€2,636
down €2,636 (-47.3%), from €5,570 to €2,934
- Depreciation -€1,292
down €1,292 (-16.6%), from €7,774 to €6,482
- Financial charges +€640
up €640 (+161%), from €398 to €1,038
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 | €69,390 | €61,398 | -€7,991 | -11.5% |
| Fixed assets | 21/28 | €45,156 | €23,190 | -€21,967 | -48.6% |
| Tangible fixed assets | 22/27 | €45,156 | €23,190 | -€21,967 | -48.6% |
| Furniture and vehicles | 24 | €45,156 | €23,190 | -€21,967 | -48.6% |
| Current assets | 29/58 | €24,233 | €38,208 | +€13,975 | +57.7% |
| Amounts receivable within one year | 40/41 | €22,779 | €31,965 | +€9,186 | +40.3% |
| Trade receivables | 40 | €20,773 | €18,707 | -€2,066 | -9.9% |
| Other amounts receivable | 41 | €2,007 | €13,258 | +€11,252 | +561% |
| Cash at bank and in hand | 54/58 | €1,454 | €6,081 | +€4,627 | +318% |
| Deferred charges and accrued income | 490/1 | - | €162 | +€162 | |
| Total equity and liabilities | 10/49 | €69,390 | €61,398 | -€7,991 | -11.5% |
| Equity | 10/15 | €36,604 | €46,015 | +€9,411 | +25.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,604 | €44,015 | +€9,411 | +27.2% |
| Amounts payable | 17/49 | €32,786 | €15,383 | -€17,402 | -53.1% |
| Amounts payable within one year | 42/48 | €32,786 | €15,383 | -€17,402 | -53.1% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €20,745 | €10,181 | -€10,564 | -50.9% |
| Suppliers | 440/4 | €20,745 | €10,181 | -€10,564 | -50.9% |
| Taxes, remuneration and social security | 45 | - | €5,198 | +€5,198 | |
| Taxes | 450/3 | - | €5,198 | +€5,198 | |
| Other amounts payable | 47/48 | €12,041 | - | -€12,041 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,774 | €6,482 | -€1,292 | -16.6% |
| Other operating charges | 640/8 | €1,015 | €14,086 | +€13,071 | +1,288% |
| Gross operating margin | 9900 | €22,917 | €33,950 | +€11,033 | +48.1% |
| Operating profit (loss) | 9901 | €14,128 | €13,382 | -€746 | -5.3% |
| Financial charges | 65/66B | €398 | €1,038 | +€640 | +161% |
| Recurring financial charges | 65 | €398 | €1,038 | +€640 | +161% |
| Profit (loss) for the period before taxes | 9903 | €13,730 | €12,345 | -€1,386 | -10.1% |
| Income taxes | 67/77 | €5,570 | €2,934 | -€2,636 | -47.3% |
| Profit (loss) for the period | 9904 | €8,160 | €9,411 | +€1,250 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,160 | €9,411 | +€1,250 | +15.3% |
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 21 October 2026 via checked.be.