EAU: 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.
EAU
Largest movements
- Cash +€84,569
up €84,569 (+233%), from €36,351 to €120,920
mainly Net result for the year (+€158,996) and Other debts (+€115,711)
- Receivables after one year -€55,949
down €55,949 (-100%), from €55,949 to €0
- Tangible fixed assets -€11,932
down €11,932 (-27.9%), from €42,795 to €30,863
of which Furniture and vehicles: -€16,651
- Reserves -€119,744
down €119,744 (-100%), from €119,744 to €0
- Other debts +€115,711
up €115,711 (+13,470%), from €859 to €116,570
- Profit (loss) carried forward +€47,433
up €47,433, from €0 to €47,433
- Tax, wage and social debts -€19,080
down €19,080 (-53.9%), from €35,369 to €16,290
- Debts after one year -€11,396
down €11,396 (-53.6%), from €21,263 to €9,867
- Gross operating margin +€106,709
up €106,709 (+86.1%), from €124,003 to €230,712
- Taxes +€24,586
up €24,586 (+95.7%), from €25,687 to €50,272
- Financial charges +€3,352
up €3,352 (+102%), from €3,297 to €6,649
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 | €193,194 | €210,709 | +€17,515 | +9.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €47,795 | €35,863 | -€11,932 | -25.0% |
| Tangible fixed assets | 22/27 | €42,795 | €30,863 | -€11,932 | -27.9% |
| Plant, machinery and equipment | 23 | - | €4,719 | +€4,719 | |
| Furniture and vehicles | 24 | €42,795 | €26,144 | -€16,651 | -38.9% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €145,399 | €174,846 | +€29,447 | +20.3% |
| Amounts receivable after more than one year | 29 | €55,949 | €0 | -€55,949 | -100% |
| Other amounts receivable | 291 | €55,949 | €0 | -€55,949 | -100% |
| Amounts receivable within one year | 40/41 | €53,098 | €51,856 | -€1,242 | -2.3% |
| Trade receivables | 40 | €45,781 | €50,134 | +€4,353 | +9.5% |
| Other amounts receivable | 41 | €7,317 | €1,722 | -€5,595 | -76.5% |
| Cash at bank and in hand | 54/58 | €36,351 | €120,920 | +€84,569 | +233% |
| Deferred charges and accrued income | 490/1 | - | €2,070 | +€2,070 | |
| Total equity and liabilities | 10/49 | €193,194 | €210,709 | +€17,515 | +9.1% |
| Equity | 10/15 | €123,744 | €51,433 | -€72,311 | -58.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €119,744 | €0 | -€119,744 | -100% |
| Distributable reserves | 133 | €119,744 | €0 | -€119,744 | -100% |
| Profit (loss) carried forward | 14 | €0 | €47,433 | +€47,433 | |
| Amounts payable | 17/49 | €69,450 | €159,276 | +€89,826 | +129% |
| Amounts payable after more than one year | 17 | €21,263 | €9,867 | -€11,396 | -53.6% |
| Financial debts | 170/4 | €21,263 | €9,867 | -€11,396 | -53.6% |
| Amounts payable within one year | 42/48 | €47,159 | €144,535 | +€97,376 | +206% |
| Current portion of amounts payable after more than one year | 42 | €10,931 | €11,396 | +€465 | +4.3% |
| Financial debts | 43 | - | €238 | +€238 | |
| Credit institutions | 430/8 | - | €238 | +€238 | |
| Trade debts | 44 | €0 | €40 | +€40 | |
| Suppliers | 440/4 | €0 | €40 | +€40 | |
| Taxes, remuneration and social security | 45 | €35,369 | €16,290 | -€19,080 | -53.9% |
| Taxes | 450/3 | €35,369 | €16,290 | -€19,080 | -53.9% |
| Other amounts payable | 47/48 | €859 | €116,570 | +€115,711 | +13,470% |
| Accrued charges and deferred income | 492/3 | €1,028 | €4,875 | +€3,847 | +374% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,455 | €14,571 | +€116 | +0.8% |
| Other operating charges | 640/8 | €1,686 | €2,739 | +€1,053 | +62.4% |
| Gross operating margin | 9900 | €124,003 | €230,712 | +€106,709 | +86.1% |
| Operating profit (loss) | 9901 | €107,861 | €213,401 | +€105,540 | +97.8% |
| Financial income | 75/76B | €3,187 | €2,516 | -€671 | -21.1% |
| Recurring financial income | 75 | €3,187 | €2,516 | -€671 | -21.1% |
| Financial charges | 65/66B | €3,297 | €6,649 | +€3,352 | +102% |
| Recurring financial charges | 65 | €3,297 | €6,649 | +€3,352 | +102% |
| Profit (loss) for the period before taxes | 9903 | €107,751 | €209,269 | +€101,517 | +94.2% |
| Income taxes | 67/77 | €25,687 | €50,272 | +€24,586 | +95.7% |
| Profit (loss) for the period | 9904 | €82,065 | €158,996 | +€76,931 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,065 | €158,996 | +€76,931 | +93.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.