ECLAIR: 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.
What changed
ECLAIR
NACE 10.711, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3.1m
2024 · -€3.3m+€224,833
Equity
€5.7m
2024 · €2.3m+€3.4m
Cash
€3,642
2024 · €1,596+€2,046
Balance sheet total
€16.6m
2024 · €18.0m-€1.4m
Largest movements
Assets
- Receivables within one year -€1.7m
down €1.7m (-34.7%), from €4.8m to €3.2m
of which Trade receivables: -€1.6m
- Stocks and contracts +€594,588
up €594,588 (+16.5%), from €3.6m to €4.2m
- Intangible fixed assets -€257,109
down €257,109 (-14.5%), from €1.8m to €1.5m
Equity and liabilities
- Short-term financial debts -€4.3m
down €4.3m (-40.4%), from €10.6m to €6.3m
- Contributions +€3.2m
up €3.2m (+57.2%), from €5.5m to €8.7m
- Trade debts -€581,666
down €581,666 (-14.1%), from €4.1m to €3.5m
- Profit (loss) carried forward +€224,833
up €224,833 (+6.8%), from -€3.3m to -€3.1m
Income statement
- Turnover +€3.7m
up €3.7m (+14.5%), from €25.6m to €29.3m
- Goods and materials +€2.1m
up €2.1m (+15.8%), from €13.0m to €15.1m
of which Purchases: +€1.6m
- Services and other goods +€1.2m
up €1.2m (+14.9%), from €8.0m to €9.2m
- Staff costs +€661,447
up €661,447 (+9.8%), from €6.8m to €7.4m
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.
Result 2024
-€3.3m
Turnover
+€3.7m
Other operating income
-€105,543
Goods and materials
-€2.1m
Services and other goods
-€1.2m
Staff costs
-€661,447
Depreciation
-€150,415
Write-downs
+€96,011
Other operating charges
-€79,938
Other operating items
+€554,606
Financial charges
+€116,860
Taxes
-€34
Result 2025
-€3.1m
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.
From operations
-€1.2m
Investment
-€991,035
Financing
+€2.2m
Cash 2024
€1,596
From operations (derived)
-€1.2m
Net result for the year
-€3.1m
Depreciation
+€1.4m
Stocks and contracts
-€594,588
Receivables within one year
+€1.7m
Smaller working-capital items
-€11,818
Trade debts
-€581,666
Tax, wage and social debts
+€35,631
Investment (derived)
-€991,035
Investment in fixed assets (net)
-€991,035
Financing
+€2.2m
Short-term financial debts
-€4.3m
Contributions, distributions and other
+€6.5m
Cash 2025
€3,642
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,989,365 | €16,550,483 | -€1.4m | -8.0% |
| Fixed assets | 21/28 | €9,181,706 | €8,816,657 | -€365,049 | -4.0% |
| Intangible fixed assets | 21 | €1,774,985 | €1,517,876 | -€257,109 | -14.5% |
| Tangible fixed assets | 22/27 | €7,406,270 | €7,298,331 | -€107,939 | -1.5% |
| Plant, machinery and equipment | 23 | €6,488,529 | €5,985,397 | -€503,132 | -7.8% |
| Furniture and vehicles | 24 | €552,025 | €678,030 | +€126,004 | +22.8% |
| Other tangible fixed assets | 26 | €180,796 | €55,593 | -€125,203 | -69.3% |
| Assets under construction and advance payments | 27 | €184,920 | €579,312 | +€394,392 | +213.3% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Other financial fixed assets | 284/8 | €450 | €450 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €8,807,659 | €7,733,825 | -€1.1m | -12.2% |
| Stocks and contracts in progress | 3 | €3,595,215 | €4,189,803 | +€594,588 | +16.5% |
| Stocks | 30/36 | €3,595,215 | €4,189,803 | +€594,588 | +16.5% |
| Raw materials and consumables | 30/31 | €2,333,878 | €2,425,600 | +€91,722 | +3.9% |
| Work in progress | 32 | €349,066 | €340,239 | -€8,827 | -2.5% |
| Finished goods | 33 | €797,717 | €1,073,834 | +€276,117 | +34.6% |
| Goods purchased for resale | 34 | €114,554 | €350,130 | +€235,576 | +205.6% |
| Amounts receivable within one year | 40/41 | €4,842,292 | €3,163,411 | -€1.7m | -34.7% |
| Trade receivables | 40 | €4,175,511 | €2,545,756 | -€1.6m | -39.0% |
| Other amounts receivable | 41 | €666,780 | €617,655 | -€49,126 | -7.4% |
| Cash at bank and in hand | 54/58 | €1,596 | €3,642 | +€2,046 | +128.2% |
| Deferred charges and accrued income | 490/1 | €368,556 | €376,970 | +€8,414 | +2.3% |
| Total equity and liabilities | 10/49 | €17,989,365 | €16,550,483 | -€1.4m | -8.0% |
| Equity | 10/15 | €2,321,172 | €5,719,864 | +€3.4m | +146.4% |
| Contributions | 10/11 | €5,547,313 | €8,721,172 | +€3.2m | +57.2% |
| Capital | 10 | €5,547,313 | €8,721,172 | +€3.2m | +57.2% |
| Issued capital | 100 | €5,547,313 | €8,721,172 | +€3.2m | +57.2% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,326,141 | -€3,101,308 | +€224,833 | +6.8% |
| Amounts payable | 17/49 | €15,668,193 | €10,830,619 | -€4.8m | -30.9% |
| Amounts payable within one year | 42/48 | €15,668,193 | €10,830,619 | -€4.8m | -30.9% |
| Financial debts | 43 | €10,616,024 | €6,327,889 | -€4.3m | -40.4% |
| Other loans | 439 | €10,616,024 | €6,327,889 | -€4.3m | -40.4% |
| Trade debts | 44 | €4,117,313 | €3,535,648 | -€581,666 | -14.1% |
| Suppliers | 440/4 | €4,117,313 | €3,535,648 | -€581,666 | -14.1% |
| Taxes, remuneration and social security | 45 | €931,451 | €967,082 | +€35,631 | +3.8% |
| Taxes | 450/3 | €0 | €3,572 | +€3,572 | |
| Remuneration and social security | 454/9 | €931,451 | €963,510 | +€32,059 | +3.4% |
| Other amounts payable | 47/48 | €3,405 | - | -€3,405 | |
| Operating income | 70/76A | €26,186,897 | €30,347,174 | +€4.2m | +15.9% |
| Turnover | 70 | €25,553,210 | €29,264,424 | +€3.7m | +14.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €398,736 | €267,290 | -€131,446 | -33.0% |
| Other operating income | 74 | €234,951 | €129,408 | -€105,543 | -44.9% |
| Non-recurring operating income | 76A | - | €686,052 | +€686,052 | |
| Operating charges | 60/66A | €29,068,341 | €33,120,611 | +€4.1m | +13.9% |
| Goods for resale, raw materials and consumables | 60 | €13,020,829 | €15,079,966 | +€2.1m | +15.8% |
| Purchases | 600/8 | €13,832,495 | €15,407,264 | +€1.6m | +11.4% |
| Change in stocks: decrease (increase) | 609 | -€811,665 | -€327,298 | +€484,367 | +59.7% |
| Services and other goods | 61 | €8,045,460 | €9,242,805 | +€1.2m | +14.9% |
| Remuneration, social security and pensions | 62 | €6,755,076 | €7,416,523 | +€661,447 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,205,669 | €1,356,084 | +€150,415 | +12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,019 | -€61,992 | -€96,011 | |
| Other operating charges | 640/8 | €7,287 | €87,225 | +€79,938 | +1097.0% |
| Operating profit (loss) | 9901 | -€2,881,444 | -€2,773,437 | +€108,007 | +3.7% |
| Financial charges | 65/66B | €443,248 | €326,388 | -€116,860 | -26.4% |
| Recurring financial charges | 65 | €443,248 | €326,388 | -€116,860 | -26.4% |
| Debt charges | 650 | €432,508 | €312,958 | -€119,550 | -27.6% |
| Other financial charges | 652/9 | €10,740 | €13,430 | +€2,691 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,324,692 | -€3,099,825 | +€224,866 | +6.8% |
| Income taxes | 67/77 | €1,449 | €1,483 | +€34 | +2.3% |
| Taxes | 670/3 | €1,449 | €1,483 | +€34 | +2.3% |
| Profit (loss) for the period | 9904 | -€3,326,141 | -€3,101,308 | +€224,833 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,326,141 | -€3,101,308 | +€224,833 | +6.8% |
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 4 October 2026 via checked.be.