ECCELUX: 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.
ECCELUX
Largest movements
- Receivables after one year +€92,100
new in 2025: €92,100
- Intangible fixed assets -€75,723
down €75,723 (-100%), from €75,723 to €0
- Stocks and contracts -€68,628
down €68,628 (-100%), from €68,628 to €0
- Receivables within one year -€34,689
down €34,689 (-36.2%), from €95,710 to €61,021
of which Trade receivables: -€38,756
- Tangible fixed assets -€25,621
down €25,621 (-3.5%), from €729,961 to €704,340
of which Land and buildings: -€24,278
- Debts after one year -€45,115
down €45,115 (-6.1%), from €741,517 to €696,402
- Other debts -€34,234
down €34,234 (-45.6%), from €75,122 to €40,888
- Trade debts -€18,308
down €18,308 (-100%), from €18,308 to €0
- Tax, wage and social debts -€17,430
down €17,430 (-57.1%), from €30,517 to €13,086
of which Taxes: -€15,307
- Accrued charges and deferred income -€15,065
down €15,065 (-100%), from €15,065 to €0
- Gross operating margin -€40,159
down €40,159 (-35.8%), from €112,317 to €72,158
- Write-downs -€37,012
down €37,012, from €9,253 to -€27,759
- Depreciation -€20,242
down €20,242 (-44.1%), from €45,863 to €25,621
- Financial charges -€12,215
down €12,215 (-63.0%), from €19,376 to €7,161
- Taxes -€5,526
down €5,526 (-73.4%), from €7,534 to €2,008
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 | €990,059 | €865,651 | -€124,408 | -12.6% |
| Fixed assets | 21/28 | €806,684 | €705,340 | -€101,344 | -12.6% |
| Intangible fixed assets | 21 | €75,723 | €0 | -€75,723 | -100% |
| Tangible fixed assets | 22/27 | €729,961 | €704,340 | -€25,621 | -3.5% |
| Land and buildings | 22 | €726,920 | €702,642 | -€24,278 | -3.3% |
| Plant, machinery and equipment | 23 | €3,041 | €1,698 | -€1,342 | -44.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €183,375 | €160,310 | -€23,064 | -12.6% |
| Amounts receivable after more than one year | 29 | - | €92,100 | +€92,100 | |
| Other amounts receivable | 291 | - | €92,100 | +€92,100 | |
| Stocks and contracts in progress | 3 | €68,628 | €0 | -€68,628 | -100% |
| Stocks | 30/36 | €68,628 | €0 | -€68,628 | -100% |
| Amounts receivable within one year | 40/41 | €95,710 | €61,021 | -€34,689 | -36.2% |
| Trade receivables | 40 | €95,523 | €56,767 | -€38,756 | -40.6% |
| Other amounts receivable | 41 | €186 | €4,254 | +€4,067 | +2,181% |
| Cash at bank and in hand | 54/58 | €14,040 | €6,262 | -€7,778 | -55.4% |
| Deferred charges and accrued income | 490/1 | €4,997 | €927 | -€4,070 | -81.4% |
| Total equity and liabilities | 10/49 | €990,059 | €865,651 | -€124,408 | -12.6% |
| Equity | 10/15 | €64,945 | €70,135 | +€5,189 | +8.0% |
| Contributions | 10/11 | €54,000 | €54,000 | = | 0.0% |
| Reserves | 13 | €10,945 | €16,135 | +€5,189 | +47.4% |
| Distributable reserves | 133 | €10,945 | €16,135 | +€5,189 | +47.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €925,113 | €795,516 | -€129,597 | -14.0% |
| Amounts payable after more than one year | 17 | €741,517 | €696,402 | -€45,115 | -6.1% |
| Financial debts | 170/4 | €741,517 | €696,402 | -€45,115 | -6.1% |
| Amounts payable within one year | 42/48 | €168,531 | €99,114 | -€69,417 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €44,570 | €45,115 | +€545 | +1.2% |
| Financial debts | 43 | €14 | €24 | +€10 | +73.6% |
| Credit institutions | 430/8 | €14 | €24 | +€10 | +73.6% |
| Trade debts | 44 | €18,308 | €0 | -€18,308 | -100% |
| Suppliers | 440/4 | €18,308 | €0 | -€18,308 | -100% |
| Taxes, remuneration and social security | 45 | €30,517 | €13,086 | -€17,430 | -57.1% |
| Taxes | 450/3 | €28,000 | €12,692 | -€15,307 | -54.7% |
| Remuneration and social security | 454/9 | €2,517 | €394 | -€2,123 | -84.3% |
| Other amounts payable | 47/48 | €75,122 | €40,888 | -€34,234 | -45.6% |
| Accrued charges and deferred income | 492/3 | €15,065 | €0 | -€15,065 | -100% |
| Non-recurring operating income | 76A | - | €24,807 | +€24,807 | |
| Remuneration, social security and pensions | 62 | €9,051 | €13,868 | +€4,817 | +53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,863 | €25,621 | -€20,242 | -44.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,253 | -€27,759 | -€37,012 | |
| Other operating charges | 640/8 | €10,294 | €10,347 | +€53 | +0.5% |
| Non-recurring operating charges | 66A | - | €35,723 | +€35,723 | |
| Gross operating margin | 9900 | €112,317 | €72,158 | -€40,159 | -35.8% |
| Operating profit (loss) | 9901 | €37,856 | €14,358 | -€23,498 | -62.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €19,376 | €7,161 | -€12,215 | -63.0% |
| Recurring financial charges | 65 | €19,376 | €7,161 | -€12,215 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €18,480 | €7,197 | -€11,283 | -61.1% |
| Income taxes | 67/77 | €7,534 | €2,008 | -€5,526 | -73.4% |
| Profit (loss) for the period | 9904 | €10,945 | €5,189 | -€5,756 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,945 | €5,189 | -€5,756 | -52.6% |
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 14 October 2026 via checked.be.