ECLIPSE: 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.
ECLIPSE
Largest movements
- Cash +€128,406
up €128,406 (+31.3%), from €410,878 to €539,283
mainly Net result for the year (+€128,690) and Receivables within one year (+€104,046)
- Receivables within one year -€104,046
down €104,046 (-69.4%), from €149,895 to €45,849
of which Trade receivables: -€101,822
- Tangible fixed assets +€56,904
up €56,904 (+11.9%), from €476,560 to €533,464
of which Furniture and vehicles: +€58,006
- Profit (loss) carried forward +€128,561
up €128,561 (+100,227%), from €128 to €128,690
- Trade debts -€76,907
down €76,907 (-23.6%), from €325,826 to €248,919
- Tax, wage and social debts +€36,832
up €36,832 (+818%), from €4,500 to €41,332
- Gross operating margin +€98,758
up €98,758 (+113%), from €87,069 to €185,827
- Taxes +€21,217
up €21,217 (+88.5%), from €23,970 to €45,187
- Financial income +€3,939
up €3,939 (+49.8%), from €7,907 to €11,846
- Depreciation +€1,969
up €1,969 (+13.1%), from €15,056 to €17,026
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 | €1,557,474 | €1,644,624 | +€87,150 | +5.6% |
| Fixed assets | 21/28 | €476,560 | €533,464 | +€56,904 | +11.9% |
| Tangible fixed assets | 22/27 | €476,560 | €533,464 | +€56,904 | +11.9% |
| Land and buildings | 22 | €416,278 | €416,278 | = | 0.0% |
| Plant, machinery and equipment | 23 | €42,507 | €40,780 | -€1,727 | -4.1% |
| Furniture and vehicles | 24 | €6,525 | €64,531 | +€58,006 | +889% |
| Other tangible fixed assets | 26 | €11,250 | €11,875 | +€625 | +5.6% |
| Current assets | 29/58 | €1,080,914 | €1,111,160 | +€30,246 | +2.8% |
| Amounts receivable within one year | 40/41 | €149,895 | €45,849 | -€104,046 | -69.4% |
| Trade receivables | 40 | €142,033 | €40,210 | -€101,822 | -71.7% |
| Other amounts receivable | 41 | €7,862 | €5,639 | -€2,224 | -28.3% |
| Current investments | 50/53 | €520,142 | €526,028 | +€5,886 | +1.1% |
| Cash at bank and in hand | 54/58 | €410,878 | €539,283 | +€128,406 | +31.3% |
| Total equity and liabilities | 10/49 | €1,557,474 | €1,644,624 | +€87,150 | +5.6% |
| Equity | 10/15 | €678,343 | €807,032 | +€128,690 | +19.0% |
| Contributions | 10/11 | €228,696 | €228,696 | = | 0.0% |
| Capital | 10 | €228,696 | €228,696 | = | 0.0% |
| Issued capital | 100 | €228,696 | €228,696 | = | 0.0% |
| Reserves | 13 | €449,518 | €449,647 | +€128 | 0.0% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Legal reserve | 130 | €8,060 | €8,060 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,351 | €6,351 | = | 0.0% |
| Distributable reserves | 133 | €435,107 | €435,235 | +€128 | 0.0% |
| Profit (loss) carried forward | 14 | €128 | €128,690 | +€128,561 | +100,227% |
| Amounts payable | 17/49 | €879,131 | €837,591 | -€41,540 | -4.7% |
| Amounts payable within one year | 42/48 | €879,131 | €837,591 | -€41,540 | -4.7% |
| Trade debts | 44 | €325,826 | €248,919 | -€76,907 | -23.6% |
| Suppliers | 440/4 | €325,826 | €248,919 | -€76,907 | -23.6% |
| Taxes, remuneration and social security | 45 | €4,500 | €41,332 | +€36,832 | +818% |
| Taxes | 450/3 | €4,500 | €41,332 | +€36,832 | +818% |
| Other amounts payable | 47/48 | €548,805 | €547,340 | -€1,465 | -0.3% |
| Non-recurring operating income | 76A | - | €344,897 | +€344,897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,056 | €17,026 | +€1,969 | +13.1% |
| Other operating charges | 640/8 | €6,473 | €6,536 | +€63 | +1.0% |
| Non-recurring operating charges | 66A | €150 | - | -€150 | |
| Gross operating margin | 9900 | €87,069 | €185,827 | +€98,758 | +113% |
| Operating profit (loss) | 9901 | €65,390 | €162,266 | +€96,876 | +148% |
| Financial income | 75/76B | €7,907 | €11,846 | +€3,939 | +49.8% |
| Recurring financial income | 75 | €7,907 | €11,846 | +€3,939 | +49.8% |
| Financial charges | 65/66B | €1,405 | €234 | -€1,170 | -83.3% |
| Recurring financial charges | 65 | €1,405 | €234 | -€1,170 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | €71,892 | €173,877 | +€101,985 | +142% |
| Income taxes | 67/77 | €23,970 | €45,187 | +€21,217 | +88.5% |
| Profit (loss) for the period | 9904 | €47,922 | €128,690 | +€80,768 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €47,922 | €128,690 | +€80,768 | +169% |
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 17 October 2026 via checked.be.