ECLIPSE INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€37,830
down €37,830 (-3.5%), from €1.1m to €1.0m
- Debts after one year -€67,974
down €67,974 (-7.0%), from €972,362 to €904,388
- Reserves +€31,000
up €31,000 (+295%), from €10,500 to €41,500
of which Distributable reserves: +€31,000
- Tax, wage and social debts +€12,138
up €12,138 (+149%), from €8,126 to €20,264
of which Taxes: +€11,313
- Gross operating margin +€39,927
up €39,927 (+59.0%), from €67,724 to €107,652
- Taxes +€13,735
up €13,735 (+504%), from €2,727 to €16,462
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 | €1,196,466 | €1,171,318 | -€25,148 | -2.1% |
| Fixed assets | 21/28 | €1,124,177 | €1,086,347 | -€37,830 | -3.4% |
| Tangible fixed assets | 22/27 | €1,074,177 | €1,036,347 | -€37,830 | -3.5% |
| Other tangible fixed assets | 26 | €1,074,177 | €1,036,347 | -€37,830 | -3.5% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €72,289 | €84,971 | +€12,682 | +17.5% |
| Amounts receivable within one year | 40/41 | €4 | €2,503 | +€2,499 | +62,463% |
| Other amounts receivable | 41 | €4 | €2,503 | +€2,499 | +62,463% |
| Cash at bank and in hand | 54/58 | €72,285 | €81,088 | +€8,803 | +12.2% |
| Deferred charges and accrued income | 490/1 | - | €1,380 | +€1,380 | |
| Total equity and liabilities | 10/49 | €1,196,466 | €1,171,318 | -€25,148 | -2.1% |
| Equity | 10/15 | €138,205 | €166,640 | +€28,435 | +20.6% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €10,500 | €41,500 | +€31,000 | +295% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €35,000 | +€31,000 | +775% |
| Profit (loss) carried forward | 14 | €62,705 | €60,140 | -€2,565 | -4.1% |
| Amounts payable | 17/49 | €1,058,261 | €1,004,678 | -€53,584 | -5.1% |
| Amounts payable after more than one year | 17 | €972,362 | €904,388 | -€67,974 | -7.0% |
| Financial debts | 170/4 | €972,362 | €904,388 | -€67,974 | -7.0% |
| Amounts payable within one year | 42/48 | €85,899 | €100,289 | +€14,390 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €67,101 | €72,029 | +€4,928 | +7.3% |
| Trade debts | 44 | €2,037 | €81 | -€1,955 | -96.0% |
| Suppliers | 440/4 | €2,037 | €81 | -€1,955 | -96.0% |
| Taxes, remuneration and social security | 45 | €8,126 | €20,264 | +€12,138 | +149% |
| Taxes | 450/3 | €8,126 | €19,439 | +€11,313 | +139% |
| Remuneration and social security | 454/9 | - | €825 | +€825 | |
| Other amounts payable | 47/48 | €8,636 | €7,916 | -€720 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,830 | €37,830 | = | 0.0% |
| Other operating charges | 640/8 | €9,278 | €8,665 | -€613 | -6.6% |
| Gross operating margin | 9900 | €67,724 | €107,652 | +€39,927 | +59.0% |
| Operating profit (loss) | 9901 | €20,617 | €61,157 | +€40,540 | +197% |
| Financial charges | 65/66B | €13,884 | €13,060 | -€825 | -5.9% |
| Recurring financial charges | 65 | €13,884 | €13,060 | -€825 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €6,732 | €48,097 | +€41,365 | +614% |
| Income taxes | 67/77 | €2,727 | €16,462 | +€13,735 | +504% |
| Profit (loss) for the period | 9904 | €4,005 | €31,635 | +€27,630 | +690% |
| Profit (loss) for the period to be appropriated | 9905 | €4,005 | €31,635 | +€27,630 | +690% |
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 24 October 2026 via checked.be.