Eauase: 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.
Eauase
Largest movements
- Receivables within one year +€156,332
up €156,332 (+886%), from €17,636 to €173,968
of which Trade receivables: +€89,918
- Cash -€50,698
down €50,698 (-62.5%), from €81,064 to €30,366
mainly Receivables within one year (-€156,332) and Investment in fixed assets (net) (-€51,419)
- Tangible fixed assets +€44,034
up €44,034 (+389%), from €11,329 to €55,363
of which Land and buildings: +€34,648
- Deferred charges and accrued income +€3,003
up €3,003 (+248%), from €1,213 to €4,216
- Reserves +€69,638
up €69,638 (+159%), from €43,868 to €113,506
of which Distributable reserves: +€69,638
- Tax, wage and social debts +€39,209
up €39,209 (+240%), from €16,312 to €55,521
- Debts after one year +€35,812
new in 2025: €35,812
- Trade debts +€22,056
up €22,056 (+111%), from €19,823 to €41,879
- Accrued charges and deferred income -€9,641
down €9,641 (-55.7%), from €17,319 to €7,678
- Gross operating margin +€68,547
up €68,547 (+138%), from €49,701 to €118,248
- Taxes +€25,839
up €25,839 (+174%), from €14,841 to €40,680
- Financial income +€9,620
up €9,620 (+24,467%), from €39 to €9,660
of which Non-recurring financial income: +€9,641
- Depreciation +€5,944
up €5,944 (+1,348%), from €441 to €6,385
- Other operating charges +€4,781
up €4,781 (+446%), from €1,072 to €5,853
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 | €113,142 | €266,813 | +€153,672 | +136% |
| Fixed assets | 21/28 | €13,229 | €58,263 | +€45,034 | +340% |
| Tangible fixed assets | 22/27 | €11,329 | €55,363 | +€44,034 | +389% |
| Land and buildings | 22 | - | €34,648 | +€34,648 | |
| Plant, machinery and equipment | 23 | €1,891 | €10,478 | +€8,587 | +454% |
| Furniture and vehicles | 24 | €9,438 | €10,238 | +€800 | +8.5% |
| Financial fixed assets | 28 | €1,900 | €2,900 | +€1,000 | +52.6% |
| Current assets | 29/58 | €99,913 | €208,550 | +€108,638 | +109% |
| Amounts receivable within one year | 40/41 | €17,636 | €173,968 | +€156,332 | +886% |
| Trade receivables | 40 | €10,522 | €100,439 | +€89,918 | +855% |
| Other amounts receivable | 41 | €7,114 | €73,529 | +€66,414 | +934% |
| Cash at bank and in hand | 54/58 | €81,064 | €30,366 | -€50,698 | -62.5% |
| Deferred charges and accrued income | 490/1 | €1,213 | €4,216 | +€3,003 | +248% |
| Total equity and liabilities | 10/49 | €113,142 | €266,813 | +€153,672 | +136% |
| Equity | 10/15 | €50,065 | €119,703 | +€69,638 | +139% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €43,868 | €113,506 | +€69,638 | +159% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,088 | €2,088 | = | 0.0% |
| Distributable reserves | 133 | €39,920 | €109,559 | +€69,638 | +174% |
| Amounts payable | 17/49 | €63,077 | €147,110 | +€84,033 | +133% |
| Amounts payable after more than one year | 17 | - | €35,812 | +€35,812 | |
| Financial debts | 170/4 | - | €35,812 | +€35,812 | |
| Amounts payable within one year | 42/48 | €45,758 | €103,620 | +€57,862 | +126% |
| Current portion of amounts payable after more than one year | 42 | - | €4,386 | +€4,386 | |
| Trade debts | 44 | €19,823 | €41,879 | +€22,056 | +111% |
| Suppliers | 440/4 | €19,823 | €41,879 | +€22,056 | +111% |
| Taxes, remuneration and social security | 45 | €16,312 | €55,521 | +€39,209 | +240% |
| Taxes | 450/3 | €16,312 | €55,521 | +€39,209 | +240% |
| Other amounts payable | 47/48 | €9,623 | €1,834 | -€7,789 | -80.9% |
| Accrued charges and deferred income | 492/3 | €17,319 | €7,678 | -€9,641 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €441 | €6,385 | +€5,944 | +1,348% |
| Other operating charges | 640/8 | €1,072 | €5,853 | +€4,781 | +446% |
| Gross operating margin | 9900 | €49,701 | €118,248 | +€68,547 | +138% |
| Operating profit (loss) | 9901 | €48,188 | €106,010 | +€57,822 | +120% |
| Financial income | 75/76B | €39 | €9,660 | +€9,620 | +24,467% |
| Recurring financial income | 75 | €39 | €19 | -€20 | -52.1% |
| Non-recurring financial income | 76B | - | €9,641 | +€9,641 | |
| Financial charges | 65/66B | €2,512 | €5,351 | +€2,839 | +113% |
| Recurring financial charges | 65 | €2,512 | €5,351 | +€2,839 | +113% |
| Profit (loss) for the period before taxes | 9903 | €45,715 | €110,318 | +€64,603 | +141% |
| Income taxes | 67/77 | €14,841 | €40,680 | +€25,839 | +174% |
| Profit (loss) for the period | 9904 | €30,874 | €69,638 | +€38,764 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €30,874 | €69,638 | +€38,764 | +126% |
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.