ECLAIRAGE ET DIFFUSION: 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.
ECLAIRAGE ET DIFFUSION
Largest movements
- Tangible fixed assets +€183,152
up €183,152 (+28.3%), from €646,086 to €829,238
of which Plant, machinery and equipment: +€207,313
- Cash -€114,165
down €114,165 (-27.5%), from €414,895 to €300,731
mainly Investment in fixed assets (net) (-€505,741) and Receivables after one year (-€91,800)
- Receivables after one year +€91,800
up €91,800 (+1,836%), from €5,000 to €96,800
of which Trade receivables: +€91,800
- Debts after one year +€108,669
up €108,669 (+135%), from €80,645 to €189,314
- Reserves +€44,912
up €44,912 (+7.7%), from €584,731 to €629,643
of which Distributable reserves: +€58,339
- Current portion of long-term debt +€38,923
up €38,923 (+158%), from €24,650 to €63,573
- Accrued charges and deferred income -€18,394
no longer reported in 2025 (was €18,394)
- Depreciation +€101,937
up €101,937 (+46.2%), from €220,651 to €322,589
- Gross operating margin +€34,414
up €34,414 (+9.1%), from €376,324 to €410,737
- Taxes -€12,542
down €12,542 (-31.6%), from €39,709 to €27,167
- Financial charges +€4,290
up €4,290 (+91.7%), from €4,678 to €8,968
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 | €1,293,191 | €1,451,840 | +€158,648 | +12.3% |
| Fixed assets | 21/28 | €646,086 | €829,238 | +€183,152 | +28.3% |
| Tangible fixed assets | 22/27 | €646,086 | €829,238 | +€183,152 | +28.3% |
| Land and buildings | 22 | €189,687 | €181,524 | -€8,163 | -4.3% |
| Plant, machinery and equipment | 23 | €403,641 | €610,954 | +€207,313 | +51.4% |
| Furniture and vehicles | 24 | €52,759 | €36,761 | -€15,998 | -30.3% |
| Current assets | 29/58 | €647,105 | €622,601 | -€24,504 | -3.8% |
| Amounts receivable after more than one year | 29 | €5,000 | €96,800 | +€91,800 | +1,836% |
| Trade receivables | 290 | - | €91,800 | +€91,800 | |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €221,114 | €219,912 | -€1,202 | -0.5% |
| Trade receivables | 40 | €161,449 | €209,568 | +€48,119 | +29.8% |
| Other amounts receivable | 41 | €59,665 | €10,344 | -€49,321 | -82.7% |
| Cash at bank and in hand | 54/58 | €414,895 | €300,731 | -€114,165 | -27.5% |
| Deferred charges and accrued income | 490/1 | €6,096 | €5,159 | -€937 | -15.4% |
| Total equity and liabilities | 10/49 | €1,293,191 | €1,451,840 | +€158,648 | +12.3% |
| Equity | 10/15 | €1,000,095 | €1,045,007 | +€44,912 | +4.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €584,731 | €629,643 | +€44,912 | +7.7% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €139,727 | €126,300 | -€13,427 | -9.6% |
| Distributable reserves | 133 | €442,504 | €500,843 | +€58,339 | +13.2% |
| Profit (loss) carried forward | 14 | €390,364 | €390,364 | = | 0.0% |
| Amounts payable | 17/49 | €293,096 | €406,832 | +€113,736 | +38.8% |
| Amounts payable after more than one year | 17 | €80,645 | €189,314 | +€108,669 | +135% |
| Financial debts | 170/4 | €80,645 | €189,314 | +€108,669 | +135% |
| Amounts payable within one year | 42/48 | €194,057 | €217,518 | +€23,461 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €24,650 | €63,573 | +€38,923 | +158% |
| Trade debts | 44 | €65,968 | €73,189 | +€7,221 | +10.9% |
| Suppliers | 440/4 | €65,968 | €73,189 | +€7,221 | +10.9% |
| Advances received on contracts in progress | 46 | €17,633 | €8,800 | -€8,833 | -50.1% |
| Taxes, remuneration and social security | 45 | €85,678 | €71,828 | -€13,850 | -16.2% |
| Taxes | 450/3 | €85,678 | €65,028 | -€20,650 | -24.1% |
| Remuneration and social security | 454/9 | - | €6,800 | +€6,800 | |
| Other amounts payable | 47/48 | €128 | €128 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,394 | - | -€18,394 | |
| Non-recurring operating income | 76A | €69,016 | €46,986 | -€22,030 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,651 | €322,589 | +€101,937 | +46.2% |
| Other operating charges | 640/8 | €6,129 | €4,654 | -€1,475 | -24.1% |
| Non-recurring operating charges | 66A | - | €6,256 | +€6,256 | |
| Gross operating margin | 9900 | €376,324 | €410,737 | +€34,414 | +9.1% |
| Operating profit (loss) | 9901 | €149,544 | €77,239 | -€72,305 | -48.4% |
| Financial income | 75/76B | €0 | €3,808 | +€3,808 | +9,520,925% |
| Recurring financial income | 75 | €0 | €3,808 | +€3,808 | +9,520,925% |
| Financial charges | 65/66B | €4,678 | €8,968 | +€4,290 | +91.7% |
| Recurring financial charges | 65 | €4,678 | €8,968 | +€4,290 | +91.7% |
| Profit (loss) for the period before taxes | 9903 | €144,866 | €72,079 | -€72,787 | -50.2% |
| Income taxes | 67/77 | €39,709 | €27,167 | -€12,542 | -31.6% |
| Profit (loss) for the period | 9904 | €105,157 | €44,912 | -€60,245 | -57.3% |
| Transfer from tax-exempt reserves | 789 | €44,837 | €19,556 | -€25,281 | -56.4% |
| Transfer to tax-exempt reserves | 689 | €57,021 | €6,129 | -€50,892 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €92,973 | €58,339 | -€34,634 | -37.3% |
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 16 October 2026 via checked.be.