EECKELOO-BOFFEL: 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.
EECKELOO-BOFFEL
Largest movements
- Stocks and contracts +€30,030
up €30,030 (+43.1%), from €69,662 to €99,692
- Cash +€21,062
up €21,062 (+42.3%), from €49,789 to €70,851
mainly Trade debts (+€36,485) and Net result for the year (+€16,081)
- Deferred charges and accrued income +€7,337
up €7,337 (+4,498%), from €163 to €7,500
- Receivables within one year +€5,293
up €5,293 (+49.9%), from €10,617 to €15,910
of which Trade receivables: +€5,293
- Trade debts +€36,485
up €36,485 (+60.8%), from €59,963 to €96,448
- Reserves +€16,081
up €16,081 (+71.6%), from €22,467 to €38,549
- Current portion of long-term debt +€12,366
new in 2025: €12,366
- Staff costs +€8,824
up €8,824 (+35.6%), from €24,764 to €33,588
- Depreciation -€7,077
down €7,077 (-84.0%), from €8,426 to €1,349
- Financial charges +€3,447
up €3,447 (+95.3%), from €3,615 to €7,061
- Gross operating margin -€3,320
down €3,320 (-4.7%), from €70,133 to €66,813
- Taxes -€1,935
down €1,935 (-21.7%), from €8,905 to €6,970
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 | €132,106 | €196,275 | +€64,168 | +48.6% |
| Fixed assets | 21/28 | €1,875 | €2,321 | +€446 | +23.8% |
| Intangible fixed assets | 21 | €550 | €0 | -€550 | -100% |
| Tangible fixed assets | 22/27 | €1,325 | €2,321 | +€996 | +75.2% |
| Plant, machinery and equipment | 23 | €1,325 | €2,321 | +€996 | +75.2% |
| Current assets | 29/58 | €130,231 | €193,953 | +€63,722 | +48.9% |
| Stocks and contracts in progress | 3 | €69,662 | €99,692 | +€30,030 | +43.1% |
| Stocks | 30/36 | €69,662 | €99,692 | +€30,030 | +43.1% |
| Amounts receivable within one year | 40/41 | €10,617 | €15,910 | +€5,293 | +49.9% |
| Trade receivables | 40 | €10,367 | €15,660 | +€5,293 | +51.1% |
| Other amounts receivable | 41 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €49,789 | €70,851 | +€21,062 | +42.3% |
| Deferred charges and accrued income | 490/1 | €163 | €7,500 | +€7,337 | +4,498% |
| Total equity and liabilities | 10/49 | €132,106 | €196,275 | +€64,168 | +48.6% |
| Equity | 10/15 | €26,467 | €42,549 | +€16,081 | +60.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €22,467 | €38,549 | +€16,081 | +71.6% |
| Distributable reserves | 133 | €22,467 | €38,549 | +€16,081 | +71.6% |
| Amounts payable | 17/49 | €105,639 | €153,726 | +€48,087 | +45.5% |
| Amounts payable within one year | 42/48 | €103,784 | €150,355 | +€46,571 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | - | €12,366 | +€12,366 | |
| Trade debts | 44 | €59,963 | €96,448 | +€36,485 | +60.8% |
| Suppliers | 440/4 | €59,963 | €96,448 | +€36,485 | +60.8% |
| Taxes, remuneration and social security | 45 | €17,324 | €16,857 | -€467 | -2.7% |
| Taxes | 450/3 | €15,205 | €11,862 | -€3,343 | -22.0% |
| Remuneration and social security | 454/9 | €2,119 | €4,995 | +€2,876 | +136% |
| Other amounts payable | 47/48 | €26,498 | €24,684 | -€1,814 | -6.8% |
| Accrued charges and deferred income | 492/3 | €1,855 | €3,371 | +€1,516 | +81.7% |
| Remuneration, social security and pensions | 62 | €24,764 | €33,588 | +€8,824 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,426 | €1,349 | -€7,077 | -84.0% |
| Other operating charges | 640/8 | €2,040 | €2,713 | +€673 | +33.0% |
| Gross operating margin | 9900 | €70,133 | €66,813 | -€3,320 | -4.7% |
| Operating profit (loss) | 9901 | €34,903 | €29,163 | -€5,740 | -16.4% |
| Financial income | 75/76B | €84 | €949 | +€866 | +1,034% |
| Recurring financial income | 75 | €84 | €949 | +€866 | +1,034% |
| Financial charges | 65/66B | €3,615 | €7,061 | +€3,447 | +95.3% |
| Recurring financial charges | 65 | €3,615 | €7,061 | +€3,447 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | €31,372 | €23,051 | -€8,321 | -26.5% |
| Income taxes | 67/77 | €8,905 | €6,970 | -€1,935 | -21.7% |
| Profit (loss) for the period | 9904 | €22,467 | €16,081 | -€6,386 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,467 | €16,081 | -€6,386 | -28.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.