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
- Current investments +€45,834
new in 2025: €45,834
- Cash -€24,685
down €24,685 (-23.0%), from €107,235 to €82,549
mainly Current investments (-€45,834) and Contributions, distributions and other (-€35,059)
- Receivables within one year +€16,655
up €16,655 (+553%), from €3,013 to €19,668
of which Trade receivables: +€18,683
- Tangible fixed assets +€6,481
up €6,481 (+24.9%), from €26,082 to €32,563
of which Furniture and vehicles: +€7,105
- Other debts +€30,805
up €30,805 (+353%), from €8,739 to €39,543
- Reserves +€10,011
up €10,011 (+8.7%), from €114,610 to €124,621
of which Distributable reserves: +€10,011
- Trade debts +€2,612
up €2,612 (+320%), from €817 to €3,430
- Gross operating margin +€28,256
up €28,256 (+53.6%), from €52,690 to €80,947
- Taxes +€12,891
up €12,891 (+121%), from €10,652 to €23,542
- Other operating charges -€11,712
down €11,712 (-94.0%), from €12,454 to €743
- Depreciation +€1,806
up €1,806 (+17.8%), from €10,162 to €11,968
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 | €153,232 | €197,037 | +€43,805 | +28.6% |
| Fixed assets | 21/28 | €40,112 | €46,593 | +€6,481 | +16.2% |
| Tangible fixed assets | 22/27 | €26,082 | €32,563 | +€6,481 | +24.9% |
| Plant, machinery and equipment | 23 | €1,425 | €1,068 | -€357 | -25.1% |
| Furniture and vehicles | 24 | €18,197 | €25,303 | +€7,105 | +39.0% |
| Other tangible fixed assets | 26 | €2,144 | €1,877 | -€267 | -12.5% |
| Assets under construction and advance payments | 27 | €4,315 | €4,315 | = | 0.0% |
| Financial fixed assets | 28 | €14,030 | €14,030 | = | 0.0% |
| Current assets | 29/58 | €113,120 | €150,444 | +€37,324 | +33.0% |
| Amounts receivable within one year | 40/41 | €3,013 | €19,668 | +€16,655 | +553% |
| Trade receivables | 40 | - | €18,683 | +€18,683 | |
| Other amounts receivable | 41 | €3,013 | €985 | -€2,028 | -67.3% |
| Current investments | 50/53 | - | €45,834 | +€45,834 | |
| Cash at bank and in hand | 54/58 | €107,235 | €82,549 | -€24,685 | -23.0% |
| Deferred charges and accrued income | 490/1 | €2,872 | €2,392 | -€480 | -16.7% |
| Total equity and liabilities | 10/49 | €153,232 | €197,037 | +€43,805 | +28.6% |
| Equity | 10/15 | €133,914 | €143,924 | +€10,011 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,610 | €124,621 | +€10,011 | +8.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €112,750 | €122,761 | +€10,011 | +8.9% |
| Profit (loss) carried forward | 14 | €703 | €703 | = | 0.0% |
| Amounts payable | 17/49 | €19,318 | €53,113 | +€33,795 | +175% |
| Amounts payable within one year | 42/48 | €19,318 | €52,545 | +€33,227 | +172% |
| Trade debts | 44 | €817 | €3,430 | +€2,612 | +320% |
| Suppliers | 440/4 | €817 | €3,430 | +€2,612 | +320% |
| Taxes, remuneration and social security | 45 | €9,762 | €9,572 | -€190 | -1.9% |
| Taxes | 450/3 | €7,150 | €6,960 | -€190 | -2.7% |
| Remuneration and social security | 454/9 | €2,612 | €2,612 | = | 0.0% |
| Other amounts payable | 47/48 | €8,739 | €39,543 | +€30,805 | +353% |
| Accrued charges and deferred income | 492/3 | - | €568 | +€568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,162 | €11,968 | +€1,806 | +17.8% |
| Other operating charges | 640/8 | €12,454 | €743 | -€11,712 | -94.0% |
| Gross operating margin | 9900 | €52,690 | €80,947 | +€28,256 | +53.6% |
| Operating profit (loss) | 9901 | €30,074 | €68,236 | +€38,162 | +127% |
| Financial income | 75/76B | €145 | €882 | +€737 | +506% |
| Recurring financial income | 75 | €145 | €882 | +€737 | +506% |
| Financial charges | 65/66B | €688 | €506 | -€181 | -26.4% |
| Recurring financial charges | 65 | €688 | €506 | -€181 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €29,532 | €68,612 | +€39,080 | +132% |
| Income taxes | 67/77 | €10,652 | €23,542 | +€12,891 | +121% |
| Profit (loss) for the period | 9904 | €18,880 | €45,070 | +€26,189 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €18,880 | €45,070 | +€26,189 | +139% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.