eauzon: 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.
eauzon
Largest movements
- Receivables within one year +€240,207
up €240,207 (+101%), from €236,988 to €477,194
of which Trade receivables: +€200,395
- Cash -€113,585
down €113,585 (-79.7%), from €142,483 to €28,897
mainly Receivables within one year (-€240,207) and Stocks and contracts (-€60,139)
- Stocks and contracts +€60,139
up €60,139 (+15.1%), from €398,504 to €458,643
- Intangible fixed assets -€59,450
down €59,450 (-37.9%), from €156,710 to €97,260
- Tangible fixed assets -€14,468
down €14,468 (-45.0%), from €32,173 to €17,705
- Trade debts +€133,006
up €133,006 (+257%), from €51,763 to €184,769
- Profit (loss) carried forward +€58,370
up €58,370 (+25.0%), from -€233,380 to -€175,009
- Debts after one year -€36,176
down €36,176 (-5.6%), from €645,382 to €609,206
- Current portion of long-term debt -€20,096
down €20,096 (-39.4%), from €50,978 to €30,882
- Tax, wage and social debts -€14,959
down €14,959 (-96.1%), from €15,566 to €608
of which Remuneration and social security: -€10,869
- Financial income -€128,200
down €128,200 (-99.9%), from €128,343 to €144
- Gross operating margin +€65,876
up €65,876 (+57.3%), from €115,015 to €180,891
- Staff costs -€62,421
down €62,421 (-81.1%), from €76,978 to €14,557
- Financial charges -€16,025
down €16,025 (-33.1%), from €48,439 to €32,414
- Other operating charges -€3,701
down €3,701 (-67.6%), from €5,477 to €1,776
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 | €970,760 | €1,081,405 | +€110,645 | +11.4% |
| Fixed assets | 21/28 | €188,883 | €114,965 | -€73,917 | -39.1% |
| Intangible fixed assets | 21 | €156,710 | €97,260 | -€59,450 | -37.9% |
| Tangible fixed assets | 22/27 | €32,173 | €17,705 | -€14,468 | -45.0% |
| Land and buildings | 22 | €8,348 | €5,491 | -€2,856 | -34.2% |
| Plant, machinery and equipment | 23 | €3,807 | €1,293 | -€2,514 | -66.0% |
| Furniture and vehicles | 24 | €14,382 | €7,357 | -€7,025 | -48.8% |
| Other tangible fixed assets | 26 | €5,635 | €3,563 | -€2,072 | -36.8% |
| Current assets | 29/58 | €781,877 | €966,440 | +€184,562 | +23.6% |
| Stocks and contracts in progress | 3 | €398,504 | €458,643 | +€60,139 | +15.1% |
| Stocks | 30/36 | €398,504 | €458,643 | +€60,139 | +15.1% |
| Amounts receivable within one year | 40/41 | €236,988 | €477,194 | +€240,207 | +101% |
| Trade receivables | 40 | €181,901 | €382,296 | +€200,395 | +110% |
| Other amounts receivable | 41 | €55,087 | €94,899 | +€39,812 | +72.3% |
| Cash at bank and in hand | 54/58 | €142,483 | €28,897 | -€113,585 | -79.7% |
| Deferred charges and accrued income | 490/1 | €3,903 | €1,705 | -€2,197 | -56.3% |
| Total equity and liabilities | 10/49 | €970,760 | €1,081,405 | +€110,645 | +11.4% |
| Equity | 10/15 | €21,153 | €79,524 | +€58,370 | +276% |
| Contributions | 10/11 | €162,400 | €162,400 | = | 0.0% |
| Reserves | 13 | €92,133 | €92,133 | = | 0.0% |
| Distributable reserves | 133 | €92,133 | €92,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€233,380 | -€175,009 | +€58,370 | +25.0% |
| Amounts payable | 17/49 | €949,607 | €1,001,881 | +€52,275 | +5.5% |
| Amounts payable after more than one year | 17 | €645,382 | €609,206 | -€36,176 | -5.6% |
| Financial debts | 170/4 | €645,382 | €609,206 | -€36,176 | -5.6% |
| Amounts payable within one year | 42/48 | €293,307 | €391,258 | +€97,951 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €50,978 | €30,882 | -€20,096 | -39.4% |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Credit institutions | 430/8 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €51,763 | €184,769 | +€133,006 | +257% |
| Suppliers | 440/4 | €51,763 | €184,769 | +€133,006 | +257% |
| Taxes, remuneration and social security | 45 | €15,566 | €608 | -€14,959 | -96.1% |
| Taxes | 450/3 | €4,698 | €608 | -€4,090 | -87.1% |
| Remuneration and social security | 454/9 | €10,869 | - | -€10,869 | |
| Accrued charges and deferred income | 492/3 | €10,919 | €1,418 | -€9,501 | -87.0% |
| Remuneration, social security and pensions | 62 | €76,978 | €14,557 | -€62,421 | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,077 | €73,917 | -€1,159 | -1.5% |
| Other operating charges | 640/8 | €5,477 | €1,776 | -€3,701 | -67.6% |
| Gross operating margin | 9900 | €115,015 | €180,891 | +€65,876 | +57.3% |
| Operating profit (loss) | 9901 | -€42,516 | €90,641 | +€133,158 | |
| Financial income | 75/76B | €128,343 | €144 | -€128,200 | -99.9% |
| Recurring financial income | 75 | €128,343 | €144 | -€128,200 | -99.9% |
| Financial charges | 65/66B | €48,439 | €32,414 | -€16,025 | -33.1% |
| Recurring financial charges | 65 | €48,439 | €32,414 | -€16,025 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €37,388 | €58,370 | +€20,982 | +56.1% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €37,388 | €58,370 | +€20,982 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,388 | €58,370 | +€20,982 | +56.1% |
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 19 October 2026 via checked.be.