EAGLESTONE MANAGEMENT: 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.
EAGLESTONE MANAGEMENT
Largest movements
- Stocks and contracts -€145,344
down €145,344 (-29.4%), from €494,044 to €348,700
- Receivables within one year +€8,073
up €8,073 (+3.9%), from €207,759 to €215,832
of which Other amounts receivable: +€43,793
- Profit (loss) carried forward -€239,378
down €239,378 (-27.4%), from -€874,313 to -€1.1m
- Trade debts +€61,107
up €61,107 (+40.5%), from €150,953 to €212,060
- Debts after one year +€36,850
up €36,850 (+9.5%), from €388,483 to €425,333
- Gross operating margin +€154,478
up €154,478 (+40.5%), from -€381,796 to -€227,318
- Financial charges -€101,086
down €101,086 (-75.3%), from €134,258 to €33,172
- Financial income -€61,906
no longer reported in 2025 (was €61,906)
- Write-downs -€28,125
new in 2025: -€28,125
- Other operating charges +€7,013
new in 2025: €7,013
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 | €787,499 | €645,733 | -€141,766 | -18.0% |
| Current assets | 29/58 | €787,499 | €645,733 | -€141,766 | -18.0% |
| Stocks and contracts in progress | 3 | €494,044 | €348,700 | -€145,344 | -29.4% |
| Stocks | 30/36 | €494,044 | €348,700 | -€145,344 | -29.4% |
| Amounts receivable within one year | 40/41 | €207,759 | €215,832 | +€8,073 | +3.9% |
| Trade receivables | 40 | €79,379 | €43,658 | -€35,720 | -45.0% |
| Other amounts receivable | 41 | €128,381 | €172,173 | +€43,793 | +34.1% |
| Cash at bank and in hand | 54/58 | €48,294 | €44,202 | -€4,093 | -8.5% |
| Deferred charges and accrued income | 490/1 | €37,402 | €37,000 | -€402 | -1.1% |
| Total equity and liabilities | 10/49 | €787,499 | €645,733 | -€141,766 | -18.0% |
| Equity | 10/15 | €228,918 | -€10,460 | -€239,378 | |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €303,231 | €303,231 | = | 0.0% |
| Distributable reserves | 133 | €303,231 | €303,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€874,313 | -€1,113,691 | -€239,378 | -27.4% |
| Provisions and deferred taxes | 16 | €18,800 | €18,800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,800 | €18,800 | = | 0.0% |
| Other liabilities and charges | 164/5 | €18,800 | €18,800 | = | 0.0% |
| Amounts payable | 17/49 | €539,782 | €637,393 | +€97,611 | +18.1% |
| Amounts payable after more than one year | 17 | €388,483 | €425,333 | +€36,850 | +9.5% |
| Financial debts | 170/4 | €388,483 | €425,333 | +€36,850 | +9.5% |
| Amounts payable within one year | 42/48 | €150,953 | €212,060 | +€61,107 | +40.5% |
| Trade debts | 44 | €150,953 | €212,060 | +€61,107 | +40.5% |
| Suppliers | 440/4 | €150,953 | €212,060 | +€61,107 | +40.5% |
| Accrued charges and deferred income | 492/3 | €345 | - | -€345 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€28,125 | -€28,125 | |
| Other operating charges | 640/8 | - | €7,013 | +€7,013 | |
| Non-recurring operating charges | 66A | €3,000 | - | -€3,000 | |
| Gross operating margin | 9900 | -€381,796 | -€227,318 | +€154,478 | +40.5% |
| Operating profit (loss) | 9901 | -€384,796 | -€206,206 | +€178,590 | +46.4% |
| Financial income | 75/76B | €61,906 | - | -€61,906 | |
| Recurring financial income | 75 | €61,906 | - | -€61,906 | |
| Financial charges | 65/66B | €134,258 | €33,172 | -€101,086 | -75.3% |
| Recurring financial charges | 65 | €134,258 | €33,172 | -€101,086 | -75.3% |
| Profit (loss) for the period before taxes | 9903 | -€457,148 | -€239,378 | +€217,770 | +47.6% |
| Profit (loss) for the period | 9904 | -€457,148 | -€239,378 | +€217,770 | +47.6% |
| Transfer from tax-exempt reserves | 789 | €155,770 | - | -€155,770 | |
| Profit (loss) for the period to be appropriated | 9905 | -€301,378 | -€239,378 | +€62,000 | +20.6% |
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 15 October 2026 via checked.be.