ECKELMANS PROJECTS: what changed
Two fiscal 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.
ECKELMANS PROJECTS
Largest movements
- Cash -€23,617
down €23,617 (-1.9%), from €1.3m to €1.3m
mainly Net result for the year (-€32,220) and Receivables within one year (-€6,467)
- Reserves -€32,220
down €32,220 (-3.0%), from €1.1m to €1.1m
of which Distributable reserves: -€32,220
- Trade debts +€14,840
up €14,840 (+350.8%), from €4,230 to €19,069
- Gross operating margin -€10,065
down €10,065 (-48.0%), from -€20,963 to -€31,028
- Financial income -€8,570
down €8,570 (-100.0%), from €8,570 to €0
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.
Cash bridge derived
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 | €1,295,211 | €1,278,061 | -€17,150 | -1.3% |
| Current assets | 29/58 | €1,295,211 | €1,278,061 | -€17,150 | -1.3% |
| Amounts receivable within one year | 40/41 | €21,258 | €27,725 | +€6,467 | +30.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €21,258 | €27,725 | +€6,467 | +30.4% |
| Cash at bank and in hand | 54/58 | €1,273,953 | €1,250,336 | -€23,617 | -1.9% |
| Total equity and liabilities | 10/49 | €1,295,211 | €1,278,061 | -€17,150 | -1.3% |
| Equity | 10/15 | €1,288,115 | €1,255,895 | -€32,220 | -2.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,088,115 | €1,055,895 | -€32,220 | -3.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €1,068,115 | €1,035,895 | -€32,220 | -3.0% |
| Amounts payable | 17/49 | €7,096 | €22,166 | +€15,071 | +212.4% |
| Amounts payable within one year | 42/48 | €4,230 | €19,157 | +€14,927 | +352.9% |
| Trade debts | 44 | €4,230 | €19,069 | +€14,840 | +350.8% |
| Suppliers | 440/4 | €4,230 | €19,069 | +€14,840 | +350.8% |
| Other amounts payable | 47/48 | - | €88 | +€88 | |
| Accrued charges and deferred income | 492/3 | €2,866 | €3,009 | +€143 | +5.0% |
| Other operating charges | 640/8 | €968 | €1,012 | +€45 | +4.6% |
| Gross operating margin | 9900 | -€20,963 | -€31,028 | -€10,065 | -48.0% |
| Operating profit (loss) | 9901 | -€21,931 | -€32,040 | -€10,110 | -46.1% |
| Financial income | 75/76B | €8,570 | €0 | -€8,570 | -100.0% |
| Recurring financial income | 75 | €8,570 | €0 | -€8,570 | -100.0% |
| Financial charges | 65/66B | €159 | €180 | +€21 | +13.3% |
| Recurring financial charges | 65 | €159 | €180 | +€21 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,520 | -€32,220 | -€18,701 | -138.3% |
| Profit (loss) for the period | 9904 | -€13,520 | -€32,220 | -€18,701 | -138.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,520 | -€32,220 | -€18,701 | -138.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.