Eclipse Foundation: 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 Foundation
Largest movements
- Cash +€1.4m
up €1.4m (+68.0%), from €2.1m to €3.5m
mainly Debts within one year (+€751,196) and Net result for the year (+€605,163)
- Intangible fixed assets +€328,813
new in 2025: €328,813
- Receivables within one year +€115,508
up €115,508 (+2.4%), from €4.8m to €4.9m
of which Trade receivables: +€154,115
- Current investments -€111,539
down €111,539 (-11.6%), from €962,603 to €851,064
- Debts within one year +€751,196
up €751,196 (+83.1%), from €903,735 to €1.7m
of which Trade debts: +€528,675
- Profit (loss) carried forward +€605,163
up €605,163, from -€209,404 to €395,759
- Accrued charges and deferred income +€378,556
up €378,556 (+5.2%), from €7.3m to €7.7m
- Gross operating margin +€1.5m
up €1.5m, from -€713,754 to €821,047
- Financial charges +€189,308
up €189,308 (+2199.6%), from €8,607 to €197,915
- Depreciation +€36,535
up €36,535 (+1484.9%), from €2,460 to €38,995
- Write-downs +€31,163
up €31,163, from -€31,163 to €0
- Financial income -€18,319
down €18,319 (-42.1%), from €43,526 to €25,207
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,030,289 | €9,765,204 | +€1.7m | +21.6% |
| Formation expenses | 20 | €595 | €122 | -€473 | -79.5% |
| Fixed assets | 21/28 | €232,575 | €559,401 | +€326,826 | +140.5% |
| Intangible fixed assets | 21 | - | €328,813 | +€328,813 | |
| Tangible fixed assets | 22/27 | €2,575 | €588 | -€1,987 | -77.2% |
| Plant, machinery and equipment | 23 | €2,575 | €588 | -€1,987 | -77.2% |
| Financial fixed assets | 28 | €230,000 | €230,000 | = | 0.0% |
| Current assets | 29/58 | €7,797,119 | €9,205,681 | +€1.4m | +18.1% |
| Amounts receivable within one year | 40/41 | €4,777,768 | €4,893,276 | +€115,508 | +2.4% |
| Trade receivables | 40 | €4,738,615 | €4,892,729 | +€154,115 | +3.3% |
| Other amounts receivable | 41 | €39,153 | €546 | -€38,607 | -98.6% |
| Current investments | 50/53 | €962,603 | €851,064 | -€111,539 | -11.6% |
| Cash at bank and in hand | 54/58 | €2,054,899 | €3,451,927 | +€1.4m | +68.0% |
| Deferred charges and accrued income | 490/1 | €1,849 | €9,414 | +€7,565 | +409.2% |
| Total equity and liabilities | 10/49 | €8,030,289 | €9,765,204 | +€1.7m | +21.6% |
| Equity | 10/15 | -€209,404 | €395,759 | +€605,163 | |
| Profit (loss) carried forward | 14 | -€209,404 | €395,759 | +€605,163 | |
| Amounts payable | 17/49 | €8,239,694 | €9,369,445 | +€1.1m | +13.7% |
| Amounts payable within one year | 42/48 | €903,735 | €1,654,931 | +€751,196 | +83.1% |
| Trade debts | 44 | €898,627 | €1,427,302 | +€528,675 | +58.8% |
| Suppliers | 440/4 | €898,627 | €1,427,302 | +€528,675 | +58.8% |
| Advances received on contracts in progress | 46 | €2,500 | €2,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,608 | €2,544 | -€64 | -2.4% |
| Taxes | 450/3 | €2,608 | €2,544 | -€64 | -2.4% |
| Accrued charges and deferred income | 492/3 | €7,335,959 | €7,714,514 | +€378,556 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,460 | €38,995 | +€36,535 | +1484.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€31,163 | €0 | +€31,163 | |
| Gross operating margin | 9900 | -€713,754 | €821,047 | +€1.5m | |
| Operating profit (loss) | 9901 | -€685,052 | €782,052 | +€1.5m | |
| Financial income | 75/76B | €43,526 | €25,207 | -€18,319 | -42.1% |
| Recurring financial income | 75 | €43,526 | €25,207 | -€18,319 | -42.1% |
| Financial charges | 65/66B | €8,607 | €197,915 | +€189,308 | +2199.6% |
| Recurring financial charges | 65 | €8,607 | €197,915 | +€189,308 | +2199.6% |
| Profit (loss) for the period before taxes | 9903 | -€650,133 | €609,344 | +€1.3m | |
| Income taxes | 67/77 | €5,974 | €4,181 | -€1,793 | -30.0% |
| Profit (loss) for the period | 9904 | -€656,107 | €605,163 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€656,107 | €605,163 | +€1.3m |
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 10 October 2026 via checked.be.