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 -€1.1m
down €1.1m (-88.2%), from €1.2m to €143,115
mainly Contributions, distributions and other (-€3.0m) and Current investments (-€955,000)
- Current investments +€955,000
up €955,000 (+277%), from €345,000 to €1.3m
- Stocks and contracts +€168,719
up €168,719 (+116%), from €145,325 to €314,044
- Tangible fixed assets -€67,468
down €67,468 (-3.4%), from €2.0m to €1.9m
of which Land and buildings: -€66,052
- Other debts +€3.0m
up €3.0m, from €0 to €3.0m
- Reserves -€2.9m
down €2.9m (-86.7%), from €3.4m to €450,015
of which Distributable reserves: -€2.9m
- Tax, wage and social debts -€60,881
down €60,881 (-100%), from €60,881 to €0
- Trade debts -€39,231
down €39,231 (-16.2%), from €241,793 to €202,562
- Gross operating margin -€213,307
down €213,307 (-57.6%), from €370,215 to €156,908
- Taxes -€66,751
down €66,751 (-72.2%), from €92,391 to €25,640
- Other operating charges -€30,141
down €30,141 (-96.7%), from €31,156 to €1,015
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,738,283 | €3,714,945 | -€23,337 | -0.6% |
| Fixed assets | 21/28 | €2,006,640 | €1,939,172 | -€67,468 | -3.4% |
| Tangible fixed assets | 22/27 | €2,006,640 | €1,939,172 | -€67,468 | -3.4% |
| Land and buildings | 22 | €1,999,647 | €1,933,596 | -€66,052 | -3.3% |
| Plant, machinery and equipment | 23 | €6,993 | €5,576 | -€1,417 | -20.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,731,642 | €1,775,773 | +€44,131 | +2.5% |
| Stocks and contracts in progress | 3 | €145,325 | €314,044 | +€168,719 | +116% |
| Stocks | 30/36 | €145,325 | €314,044 | +€168,719 | +116% |
| Amounts receivable within one year | 40/41 | €27,253 | €16,028 | -€11,225 | -41.2% |
| Trade receivables | 40 | €27,083 | €0 | -€27,083 | -100% |
| Other amounts receivable | 41 | €171 | €16,028 | +€15,858 | +9,300% |
| Current investments | 50/53 | €345,000 | €1,300,000 | +€955,000 | +277% |
| Cash at bank and in hand | 54/58 | €1,210,065 | €143,115 | -€1.1m | -88.2% |
| Deferred charges and accrued income | 490/1 | €3,999 | €2,586 | -€1,413 | -35.3% |
| Total equity and liabilities | 10/49 | €3,738,283 | €3,714,945 | -€23,337 | -0.6% |
| Equity | 10/15 | €3,434,741 | €511,515 | -€2.9m | -85.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,373,241 | €450,015 | -€2.9m | -86.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €3,367,091 | €443,865 | -€2.9m | -86.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €303,542 | €3,203,430 | +€2.9m | +955% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €302,674 | €3,202,562 | +€2.9m | +958% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €241,793 | €202,562 | -€39,231 | -16.2% |
| Suppliers | 440/4 | €241,793 | €202,562 | -€39,231 | -16.2% |
| Taxes, remuneration and social security | 45 | €60,881 | €0 | -€60,881 | -100% |
| Taxes | 450/3 | €60,881 | €0 | -€60,881 | -100% |
| Other amounts payable | 47/48 | €0 | €3,000,000 | +€3.0m | |
| Accrued charges and deferred income | 492/3 | €868 | €868 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,881 | €67,468 | -€2,413 | -3.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €31,156 | €1,015 | -€30,141 | -96.7% |
| Gross operating margin | 9900 | €370,215 | €156,908 | -€213,307 | -57.6% |
| Operating profit (loss) | 9901 | €269,178 | €88,425 | -€180,753 | -67.2% |
| Financial income | 75/76B | €11,394 | €14,311 | +€2,917 | +25.6% |
| Recurring financial income | 75 | €11,394 | €14,311 | +€2,917 | +25.6% |
| Financial charges | 65/66B | €2,845 | €321 | -€2,524 | -88.7% |
| Recurring financial charges | 65 | €2,845 | €321 | -€2,524 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | €277,727 | €102,415 | -€175,312 | -63.1% |
| Income taxes | 67/77 | €92,391 | €25,640 | -€66,751 | -72.2% |
| Profit (loss) for the period | 9904 | €185,335 | €76,774 | -€108,561 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €185,335 | €76,774 | -€108,561 | -58.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.