EAGLEFISH: what changed
Two fiscal 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.
EAGLEFISH
Largest movements
- Receivables within one year -€102,631
down €102,631 (-55.8%), from €183,975 to €81,344
of which Other amounts receivable: -€101,117
- Cash +€89,194
up €89,194 (+89.4%), from €99,806 to €189,000
mainly Other debts (+€208,391) and Receivables within one year (+€102,631)
- Other debts +€208,391
up €208,391 (+1654.3%), from €12,597 to €220,988
- Debts after one year -€168,598
down €168,598 (-71.8%), from €234,756 to €66,158
- Profit (loss) carried forward +€65,154
up €65,154 (+14.0%), from €465,769 to €530,923
- Current portion of long-term debt -€58,003
down €58,003 (-61.3%), from €94,602 to €36,599
- Tax, wage and social debts -€32,511
down €32,511 (-89.7%), from €36,245 to €3,733
of which Taxes: -€30,402
- Gross operating margin +€119,610
up €119,610 (+81.7%), from €146,334 to €265,944
- Depreciation -€52,284
down €52,284 (-35.6%), from €146,695 to €94,411
- Staff costs +€19,701
up €19,701 (+28.9%), from €68,231 to €87,933
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 | €1,096,135 | €1,096,503 | +€368 | 0.0% |
| Fixed assets | 21/28 | €812,188 | €825,786 | +€13,598 | +1.7% |
| Intangible fixed assets | 21 | €4,487 | €9,906 | +€5,418 | +120.7% |
| Tangible fixed assets | 22/27 | €786,383 | €794,563 | +€8,180 | +1.0% |
| Land and buildings | 22 | €698,679 | €642,244 | -€56,435 | -8.1% |
| Plant, machinery and equipment | 23 | €44,932 | €107,458 | +€62,526 | +139.2% |
| Furniture and vehicles | 24 | €42,772 | €44,861 | +€2,089 | +4.9% |
| Financial fixed assets | 28 | €21,317 | €21,317 | = | 0.0% |
| Current assets | 29/58 | €283,947 | €270,717 | -€13,231 | -4.7% |
| Amounts receivable after more than one year | 29 | €163 | - | -€163 | |
| Other amounts receivable | 291 | €163 | - | -€163 | |
| Amounts receivable within one year | 40/41 | €183,975 | €81,344 | -€102,631 | -55.8% |
| Trade receivables | 40 | €31,897 | €30,382 | -€1,514 | -4.7% |
| Other amounts receivable | 41 | €152,078 | €50,961 | -€101,117 | -66.5% |
| Cash at bank and in hand | 54/58 | €99,806 | €189,000 | +€89,194 | +89.4% |
| Deferred charges and accrued income | 490/1 | €3 | €373 | +€369 | +11880.1% |
| Total equity and liabilities | 10/49 | €1,096,135 | €1,096,503 | +€368 | 0.0% |
| Equity | 10/15 | €684,976 | €750,130 | +€65,154 | +9.5% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €175,606 | €175,606 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,360 | €4,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,360 | €4,360 | = | 0.0% |
| Distributable reserves | 133 | €171,246 | €171,246 | = | 0.0% |
| Profit (loss) carried forward | 14 | €465,769 | €530,923 | +€65,154 | +14.0% |
| Amounts payable | 17/49 | €411,160 | €346,373 | -€64,787 | -15.8% |
| Amounts payable after more than one year | 17 | €234,756 | €66,158 | -€168,598 | -71.8% |
| Financial debts | 170/4 | €234,756 | €66,158 | -€168,598 | -71.8% |
| Amounts payable within one year | 42/48 | €176,403 | €280,215 | +€103,811 | +58.8% |
| Current portion of amounts payable after more than one year | 42 | €94,602 | €36,599 | -€58,003 | -61.3% |
| Trade debts | 44 | €32,960 | €18,894 | -€14,066 | -42.7% |
| Suppliers | 440/4 | €32,960 | €18,894 | -€14,066 | -42.7% |
| Taxes, remuneration and social security | 45 | €36,245 | €3,733 | -€32,511 | -89.7% |
| Taxes | 450/3 | €30,402 | - | -€30,402 | |
| Remuneration and social security | 454/9 | €5,843 | €3,733 | -€2,109 | -36.1% |
| Other amounts payable | 47/48 | €12,597 | €220,988 | +€208,391 | +1654.3% |
| Remuneration, social security and pensions | 62 | €68,231 | €87,933 | +€19,701 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,695 | €94,411 | -€52,284 | -35.6% |
| Other operating charges | 640/8 | €5,635 | €6,356 | +€721 | +12.8% |
| Gross operating margin | 9900 | €146,334 | €265,944 | +€119,610 | +81.7% |
| Operating profit (loss) | 9901 | -€74,227 | €77,244 | +€151,471 | |
| Financial income | 75/76B | €192 | €569 | +€377 | +196.4% |
| Recurring financial income | 75 | €192 | €569 | +€377 | +196.4% |
| Financial charges | 65/66B | €13,028 | €12,659 | -€369 | -2.8% |
| Recurring financial charges | 65 | €13,028 | €12,659 | -€369 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€87,063 | €65,154 | +€152,217 | |
| Profit (loss) for the period | 9904 | -€87,063 | €65,154 | +€152,217 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,063 | €65,154 | +€152,217 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.