EATON: 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.
EATON
Largest movements
- Cash -€50,502
down €50,502 (-6.7%), from €751,825 to €701,323
mainly Investment in fixed assets (net) (-€45,988) and Stocks and contracts (-€22,989)
- Tangible fixed assets +€27,235
up €27,235 (+30.8%), from €88,464 to €115,699
of which Plant, machinery and equipment: +€29,965
- Stocks and contracts +€22,989
up €22,989 (+41.7%), from €55,083 to €78,071
- Trade debts +€22,315
up €22,315 (+7.4%), from €302,301 to €324,616
- Other debts -€10,123
down €10,123 (-4.3%), from €234,109 to €223,986
- Gross operating margin -€16,877
down €16,877 (-12.6%), from €134,373 to €117,496
- Depreciation +€13,261
up €13,261 (+241%), from €5,493 to €18,753
- Write-downs -€12,607
down €12,607 (-25.9%), from €48,670 to €36,064
- Taxes -€3,099
down €3,099 (-44.1%), from €7,029 to €3,930
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €899,870 | €905,778 | +€5,908 | +0.7% |
| Fixed assets | 21/28 | €89,205 | €116,440 | +€27,235 | +30.5% |
| Tangible fixed assets | 22/27 | €88,464 | €115,699 | +€27,235 | +30.8% |
| Land and buildings | 22 | €75,803 | €72,588 | -€3,214 | -4.2% |
| Plant, machinery and equipment | 23 | - | €29,965 | +€29,965 | |
| Furniture and vehicles | 24 | €10,811 | €11,880 | +€1,068 | +9.9% |
| Other tangible fixed assets | 26 | €1,849 | €1,265 | -€584 | -31.6% |
| Financial fixed assets | 28 | €741 | €741 | = | 0.0% |
| Current assets | 29/58 | €810,665 | €789,338 | -€21,328 | -2.6% |
| Stocks and contracts in progress | 3 | €55,083 | €78,071 | +€22,989 | +41.7% |
| Stocks | 30/36 | €55,083 | €78,071 | +€22,989 | +41.7% |
| Amounts receivable within one year | 40/41 | €2,222 | €9,943 | +€7,721 | +347% |
| Trade receivables | 40 | - | €7,450 | +€7,450 | |
| Other amounts receivable | 41 | €2,222 | €2,493 | +€271 | +12.2% |
| Cash at bank and in hand | 54/58 | €751,825 | €701,323 | -€50,502 | -6.7% |
| Deferred charges and accrued income | 490/1 | €1,535 | - | -€1,535 | |
| Total equity and liabilities | 10/49 | €899,870 | €905,778 | +€5,908 | +0.7% |
| Equity | 10/15 | €271,287 | €276,238 | +€4,951 | +1.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €41,619 | €41,619 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €4,119 | €4,119 | = | 0.0% |
| Profit (loss) carried forward | 14 | €223,470 | €228,422 | +€4,951 | +2.2% |
| Amounts payable | 17/49 | €628,583 | €629,540 | +€956 | +0.2% |
| Amounts payable after more than one year | 17 | €57,130 | €52,042 | -€5,088 | -8.9% |
| Financial debts | 170/4 | €57,130 | €52,042 | -€5,088 | -8.9% |
| Amounts payable within one year | 42/48 | €571,446 | €577,497 | +€6,051 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €4,991 | €5,088 | +€98 | +2.0% |
| Trade debts | 44 | €302,301 | €324,616 | +€22,315 | +7.4% |
| Suppliers | 440/4 | €302,301 | €324,616 | +€22,315 | +7.4% |
| Taxes, remuneration and social security | 45 | €30,046 | €23,807 | -€6,239 | -20.8% |
| Taxes | 450/3 | €22,731 | €16,533 | -€6,198 | -27.3% |
| Remuneration and social security | 454/9 | €7,315 | €7,275 | -€40 | -0.5% |
| Other amounts payable | 47/48 | €234,109 | €223,986 | -€10,123 | -4.3% |
| Accrued charges and deferred income | 492/3 | €7 | - | -€7 | |
| Remuneration, social security and pensions | 62 | €56,233 | €55,212 | -€1,021 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,493 | €18,753 | +€13,261 | +241% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,670 | €36,064 | -€12,607 | -25.9% |
| Other operating charges | 640/8 | €1,691 | €2,775 | +€1,084 | +64.1% |
| Gross operating margin | 9900 | €134,373 | €117,496 | -€16,877 | -12.6% |
| Operating profit (loss) | 9901 | €22,286 | €4,692 | -€17,594 | -78.9% |
| Financial income | 75/76B | €6,906 | €5,952 | -€954 | -13.8% |
| Recurring financial income | 75 | €6,906 | €5,952 | -€954 | -13.8% |
| Financial charges | 65/66B | €2,754 | €1,763 | -€991 | -36.0% |
| Recurring financial charges | 65 | €2,754 | €1,763 | -€991 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €26,438 | €8,881 | -€17,557 | -66.4% |
| Income taxes | 67/77 | €7,029 | €3,930 | -€3,099 | -44.1% |
| Profit (loss) for the period | 9904 | €19,409 | €4,951 | -€14,458 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,409 | €4,951 | -€14,458 | -74.5% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.