EAP Immo: 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.
EAP Immo
Largest movements
- Tangible fixed assets -€74,126
down €74,126 (-16.8%), from €442,086 to €367,960
- Cash +€66,379
up €66,379 (+40.6%), from €163,513 to €229,892
mainly Depreciation (+€74,126) and Net result for the year (+€21,720)
- Other debts -€20,055
down €20,055 (-15.1%), from €132,393 to €112,338
- Reserves +€13,602
up €13,602 (+15.2%), from €89,202 to €102,804
- Purchases and services -€16,277
no longer reported in 2025 (was €16,277)
- Gross operating margin -€12,104
down €12,104 (-9.4%), from €129,151 to €117,048
- Depreciation -€4,665
down €4,665 (-5.9%), from €78,791 to €74,126
- Taxes -€2,475
down €2,475 (-19.7%), from €12,566 to €10,091
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 | €610,260 | €604,799 | -€5,461 | -0.9% |
| Fixed assets | 21/28 | €442,086 | €367,960 | -€74,126 | -16.8% |
| Tangible fixed assets | 22/27 | €442,086 | €367,960 | -€74,126 | -16.8% |
| Land and buildings | 22 | €442,086 | €367,960 | -€74,126 | -16.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €168,174 | €236,839 | +€68,665 | +40.8% |
| Amounts receivable within one year | 40/41 | €604 | €2,736 | +€2,132 | +353.1% |
| Trade receivables | 40 | - | €1,958 | +€1,958 | |
| Other amounts receivable | 41 | €604 | €778 | +€174 | +28.9% |
| Cash at bank and in hand | 54/58 | €163,513 | €229,892 | +€66,379 | +40.6% |
| Deferred charges and accrued income | 490/1 | €4,057 | €4,210 | +€154 | +3.8% |
| Total equity and liabilities | 10/49 | €610,260 | €604,799 | -€5,461 | -0.9% |
| Equity | 10/15 | €466,095 | €479,562 | +€13,467 | +2.9% |
| Contributions | 10/11 | €72,783 | €72,783 | = | 0.0% |
| Reserves | 13 | €89,202 | €102,804 | +€13,602 | +15.2% |
| Distributable reserves | 133 | €89,202 | €102,804 | +€13,602 | +15.2% |
| Profit (loss) carried forward | 14 | €303,435 | €303,435 | = | 0.0% |
| Investment grants | 15 | €676 | €540 | -€135 | -20.0% |
| Amounts payable | 17/49 | €144,165 | €125,237 | -€18,928 | -13.1% |
| Amounts payable within one year | 42/48 | €144,165 | €125,237 | -€18,928 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €2,700 | €2,700 | = | 0.0% |
| Trade debts | 44 | €1,643 | €0 | -€1,643 | -100.0% |
| Suppliers | 440/4 | €1,643 | €0 | -€1,643 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,429 | €10,199 | +€2,770 | +37.3% |
| Taxes | 450/3 | €7,429 | €10,199 | +€2,770 | +37.3% |
| Other amounts payable | 47/48 | €132,393 | €112,338 | -€20,055 | -15.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €16,277 | - | -€16,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,791 | €74,126 | -€4,665 | -5.9% |
| Other operating charges | 640/8 | €10,828 | €11,221 | +€393 | +3.6% |
| Gross operating margin | 9900 | €129,151 | €117,048 | -€12,104 | -9.4% |
| Operating profit (loss) | 9901 | €39,532 | €31,700 | -€7,832 | -19.8% |
| Financial income | 75/76B | €623 | €1,205 | +€582 | +93.5% |
| Recurring financial income | 75 | €623 | €1,205 | +€582 | +93.5% |
| Financial charges | 65/66B | €1,375 | €1,094 | -€281 | -20.4% |
| Recurring financial charges | 65 | €1,375 | €1,094 | -€281 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €38,780 | €31,811 | -€6,969 | -18.0% |
| Income taxes | 67/77 | €12,566 | €10,091 | -€2,475 | -19.7% |
| Profit (loss) for the period | 9904 | €26,214 | €21,720 | -€4,494 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,214 | €21,720 | -€4,494 | -17.1% |
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 28 September 2026 via checked.be.