EAGLESTONE: 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.
What changed
EAGLESTONE
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3.4m
2024 · €2.1m-€5.5m
Equity
€4.9m
2024 · €8.3m-€3.4m
Cash
€874,275
2024 · €167,308+€706,967
Balance sheet total
€74.3m
2024 · €73.1m+€1.1m
Largest movements
Assets
- Deferred charges and accrued income +€3.4m
up €3.4m (+851355.1%), from €401 to €3.4m
- Financial fixed assets -€3.3m
down €3.3m (-5.1%), from €64.2m to €60.9m
of which Affiliated companies: -€3.1m
- Receivables within one year +€2.3m
up €2.3m (+227.2%), from €1.0m to €3.3m
of which Trade receivables: +€2.4m
- Stocks and contracts -€2.1m
down €2.1m (-27.3%), from €7.6m to €5.5m
Equity and liabilities
- Current portion of long-term debt +€8.3m
new in 2025: €8.3m
- Debts after one year -€6.0m
down €6.0m (-9.5%), from €62.9m to €56.9m
- Profit (loss) carried forward -€3.4m
down €3.4m (-85.6%), from €4.0m to €569,343
- Accrued charges and deferred income +€2.1m
up €2.1m (+3472.9%), from €60,839 to €2.2m
- Trade debts -€1.3m
down €1.3m (-67.1%), from €2.0m to €642,106
Income statement
- Financial income -€2.4m
down €2.4m (-38.2%), from €6.2m to €3.9m
- Goods and materials +€2.1m
up €2.1m (+4039.3%), from €52,666 to €2.2m
of which Change in stocks: decrease (increase): +€2.3m
- Turnover +€2.1m
up €2.1m (+1425.4%), from €146,327 to €2.2m
- Provisions +€682,728
new in 2025: €682,728
- Write-downs +€380,000
new in 2025: €380,000
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.
Result 2024
€2.1m
Turnover
+€2.1m
Other operating income
-€200
Goods and materials
-€2.1m
Services and other goods
-€126,191
Write-downs
-€380,000
Provisions
-€682,728
Other operating charges
+€24,444
Other operating items
-€2.2m
Financial income
-€2.4m
Financial charges
+€361,363
Taxes
-€49,177
Result 2025
-€3.4m
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.
From operations
-€5.2m
Investment
+€3.3m
Financing
+€2.6m
Cash 2024
€167,308
From operations (derived)
-€5.2m
Net result for the year
-€3.4m
Stocks and contracts
+€2.1m
Receivables within one year
-€2.3m
Deferred charges and accrued income
-€3.4m
Provisions
+€682,728
Trade debts
-€1.3m
Tax, wage and social debts
+€426,745
Accrued charges and deferred income
+€2.1m
Investment (derived)
+€3.3m
Investment in fixed assets (net)
+€3.3m
Financing
+€2.6m
Debts after one year
-€6.0m
Current portion of long-term debt
+€8.3m
Short-term financial debts
+€234,503
Cash 2025
€874,275
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,139,855 | €74,259,964 | +€1.1m | +1.5% |
| Fixed assets | 21/28 | €64,375,521 | €61,115,456 | -€3.3m | -5.1% |
| Tangible fixed assets | 22/27 | €201,243 | €201,243 | = | 0.0% |
| Other tangible fixed assets | 26 | €201,243 | €201,243 | = | 0.0% |
| Financial fixed assets | 28 | €64,174,278 | €60,914,214 | -€3.3m | -5.1% |
| Affiliated companies | 280/1 | €64,062,570 | €60,914,214 | -€3.1m | -4.9% |
| Participating interests | 280 | €8,928,810 | €8,053,810 | -€875,000 | -9.8% |
| Amounts receivable | 281 | €55,133,760 | €52,860,404 | -€2.3m | -4.1% |
| Other financial fixed assets | 284/8 | €111,709 | - | -€111,709 | |
| Shares | 284 | €111,709 | - | -€111,709 | |
| Current assets | 29/58 | €8,764,334 | €13,144,507 | +€4.4m | +50.0% |
| Stocks and contracts in progress | 3 | €7,573,077 | €5,506,755 | -€2.1m | -27.3% |
| Stocks | 30/36 | €7,573,077 | €5,506,755 | -€2.1m | -27.3% |
| Property held for sale | 35 | €7,573,077 | €5,506,755 | -€2.1m | -27.3% |
| Amounts receivable within one year | 40/41 | €1,023,547 | €3,348,631 | +€2.3m | +227.2% |
| Trade receivables | 40 | €21,857 | €2,392,178 | +€2.4m | +10844.7% |
| Other amounts receivable | 41 | €1,001,691 | €956,453 | -€45,238 | -4.5% |
| Cash at bank and in hand | 54/58 | €167,308 | €874,275 | +€706,967 | +422.6% |
| Deferred charges and accrued income | 490/1 | €401 | €3,414,846 | +€3.4m | +851355.1% |
| Total equity and liabilities | 10/49 | €73,139,855 | €74,259,964 | +€1.1m | +1.5% |
| Equity | 10/15 | €8,271,021 | €4,878,034 | -€3.4m | -41.0% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €2,308,690 | €2,308,690 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Distributable reserves | 133 | €2,108,690 | €2,108,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,962,330 | €569,343 | -€3.4m | -85.6% |
| Provisions and deferred taxes | 16 | - | €682,728 | +€682,728 | |
| Provisions for liabilities and charges | 160/5 | - | €682,728 | +€682,728 | |
| Environmental obligations | 163 | - | €682,728 | +€682,728 | |
| Amounts payable | 17/49 | €64,868,834 | €68,699,202 | +€3.8m | +5.9% |
| Amounts payable after more than one year | 17 | €62,854,708 | €56,904,314 | -€6.0m | -9.5% |
| Financial debts | 170/4 | €62,854,708 | €56,904,314 | -€6.0m | -9.5% |
| Credit institutions | 173 | €15,291,147 | €2,800,000 | -€12.5m | -81.7% |
| Other loans | 174 | €47,563,561 | €54,104,314 | +€6.5m | +13.8% |
| Amounts payable within one year | 42/48 | €1,953,287 | €9,621,170 | +€7.7m | +392.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,317,815 | +€8.3m | |
| Financial debts | 43 | - | €234,503 | +€234,503 | |
| Credit institutions | 430/8 | - | €234,503 | +€234,503 | |
| Trade debts | 44 | €1,953,287 | €642,106 | -€1.3m | -67.1% |
| Suppliers | 440/4 | €1,953,287 | €642,106 | -€1.3m | -67.1% |
| Taxes, remuneration and social security | 45 | - | €426,745 | +€426,745 | |
| Taxes | 450/3 | - | €426,745 | +€426,745 | |
| Accrued charges and deferred income | 492/3 | €60,839 | €2,173,718 | +€2.1m | +3472.9% |
| Operating income | 70/76A | €629,527 | €3,021,569 | +€2.4m | +380.0% |
| Turnover | 70 | €146,327 | €2,232,081 | +€2.1m | +1425.4% |
| Other operating income | 74 | €200 | - | -€200 | |
| Non-recurring operating income | 76A | €483,000 | €789,488 | +€306,488 | +63.5% |
| Operating charges | 60/66A | €1,395,326 | €7,177,431 | +€5.8m | +414.4% |
| Goods for resale, raw materials and consumables | 60 | €52,666 | €2,180,023 | +€2.1m | +4039.3% |
| Purchases | 600/8 | €350,822 | €225,822 | -€125,000 | -35.6% |
| Change in stocks: decrease (increase) | 609 | -€298,156 | €1,954,200 | +€2.3m | |
| Services and other goods | 61 | €1,223,461 | €1,349,652 | +€126,191 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €380,000 | +€380,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €682,728 | +€682,728 | |
| Other operating charges | 640/8 | €104,403 | €79,960 | -€24,444 | -23.4% |
| Non-recurring operating charges | 66A | €14,796 | €2,505,069 | +€2.5m | +16830.8% |
| Operating profit (loss) | 9901 | -€765,800 | -€4,155,862 | -€3.4m | -442.7% |
| Financial income | 75/76B | €6,245,366 | €3,861,239 | -€2.4m | -38.2% |
| Recurring financial income | 75 | €6,245,366 | €3,861,239 | -€2.4m | -38.2% |
| Income from financial fixed assets | 750 | €4,074,912 | €3,173,069 | -€901,844 | -22.1% |
| Income from current assets | 751 | €2,170,453 | €688,170 | -€1.5m | -68.3% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,410,550 | €3,049,187 | -€361,363 | -10.6% |
| Recurring financial charges | 65 | €3,410,550 | €2,937,478 | -€473,072 | -13.9% |
| Debt charges | 650 | €3,386,575 | €2,907,455 | -€479,120 | -14.1% |
| Other financial charges | 652/9 | €23,975 | €30,023 | +€6,048 | +25.2% |
| Non-recurring financial charges | 66B | - | €111,709 | +€111,709 | |
| Profit (loss) for the period before taxes | 9903 | €2,069,016 | -€3,343,810 | -€5.4m | |
| Income taxes | 67/77 | - | €49,177 | +€49,177 | |
| Taxes | 670/3 | - | €49,177 | +€49,177 | |
| Profit (loss) for the period | 9904 | €2,069,016 | -€3,392,987 | -€5.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,069,016 | -€3,392,987 | -€5.5m |
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 5 October 2026 via checked.be.