Eddie would go: what changed
What changed
Eddie would go
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
-€57,392
2024 · -€37,315-€20,078
Equity
€205,887
2024 · €263,279-€57,392
Cash
€230,974
2024 · €261,417-€30,444
Balance sheet total
€242,440
2024 · €288,436-€45,996
Largest movements
Assets
- Cash -€30,444
down €30,444 (-11.6%), from €261,417 to €230,974
mainly Net result for the year (-€57,392) and Investment in fixed assets (net) (-€2,479)
- Receivables within one year -€15,626
down €15,626 (-75.9%), from €20,592 to €4,966
of which Trade receivables: -€16,100
Equity and liabilities
- Profit (loss) carried forward -€57,392
down €57,392 (-25.4%), from €225,651 to €168,259
- Other debts +€8,054
up €8,054 (+51.8%), from €15,539 to €23,593
Income statement
- Gross operating margin -€19,592
down €19,592 (-57.7%), from -€33,958 to -€53,550
- Financial charges -€1,139
down €1,139, from €1,050 to -€90
- Other operating charges +€593
up €593 (+153%), from €387 to €981
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€37,315
Gross operating margin
-€19,592
Depreciation
-€487
Write-downs
-€370
Other operating charges
-€593
Financial income
-€0
Financial charges
+€1,139
Taxes
-€175
Result 2025
-€57,392
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€27,965
Investment
-€2,479
Financing
€0
Cash 2024
€261,417
From operations (derived)
-€27,965
Net result for the year
-€57,392
Depreciation
+€1,919
Receivables within one year
+€15,626
Deferred charges and accrued income
+€486
Trade debts
+€943
Tax, wage and social debts
+€2,400
Other debts
+€8,054
Investment (derived)
-€2,479
Investment in fixed assets (net)
-€2,479
Cash 2025
€230,974
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,436 | €242,440 | -€45,996 | -15.9% |
| Fixed assets | 21/28 | €2,416 | €2,976 | +€560 | +23.2% |
| Tangible fixed assets | 22/27 | €2,416 | €2,976 | +€560 | +23.2% |
| Plant, machinery and equipment | 23 | €2,416 | €2,976 | +€560 | +23.2% |
| Current assets | 29/58 | €286,020 | €239,464 | -€46,556 | -16.3% |
| Amounts receivable within one year | 40/41 | €20,592 | €4,966 | -€15,626 | -75.9% |
| Trade receivables | 40 | €16,100 | - | -€16,100 | |
| Other amounts receivable | 41 | €4,492 | €4,966 | +€474 | +10.5% |
| Cash at bank and in hand | 54/58 | €261,417 | €230,974 | -€30,444 | -11.6% |
| Deferred charges and accrued income | 490/1 | €4,010 | €3,524 | -€486 | -12.1% |
| Total equity and liabilities | 10/49 | €288,436 | €242,440 | -€45,996 | -15.9% |
| Equity | 10/15 | €263,279 | €205,887 | -€57,392 | -21.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,428 | €31,428 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €301 | €301 | = | 0.0% |
| Distributable reserves | 133 | €29,266 | €31,126 | +€1,860 | +6.4% |
| Profit (loss) carried forward | 14 | €225,651 | €168,259 | -€57,392 | -25.4% |
| Amounts payable | 17/49 | €25,157 | €36,554 | +€11,397 | +45.3% |
| Amounts payable within one year | 42/48 | €25,157 | €36,554 | +€11,397 | +45.3% |
| Trade debts | 44 | €7,818 | €8,760 | +€943 | +12.1% |
| Suppliers | 440/4 | €7,818 | €8,760 | +€943 | +12.1% |
| Taxes, remuneration and social security | 45 | €1,800 | €4,200 | +€2,400 | +133% |
| Remuneration and social security | 454/9 | €1,800 | €4,200 | +€2,400 | +133% |
| Other amounts payable | 47/48 | €15,539 | €23,593 | +€8,054 | +51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,432 | €1,919 | +€487 | +34.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €370 | +€370 | |
| Other operating charges | 640/8 | €387 | €981 | +€593 | +153% |
| Gross operating margin | 9900 | -€33,958 | -€53,550 | -€19,592 | -57.7% |
| Operating profit (loss) | 9901 | -€35,777 | -€56,820 | -€21,042 | -58.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,050 | -€90 | -€1,139 | |
| Recurring financial charges | 65 | €1,050 | -€90 | -€1,139 | |
| Profit (loss) for the period before taxes | 9903 | -€36,827 | -€56,730 | -€19,903 | -54.0% |
| Income taxes | 67/77 | €488 | €663 | +€175 | +35.9% |
| Profit (loss) for the period | 9904 | -€37,315 | -€57,392 | -€20,078 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,315 | -€57,392 | -€20,078 | -53.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.