EECKHAUDT: 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.
EECKHAUDT
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Tangible fixed assets -€143,362
down €143,362 (-11.9%), from €1.2m to €1.1m
of which Furniture and vehicles: -€144,407
- Cash -€113,176
down €113,176 (-47.3%), from €239,158 to €125,981
mainly Current investments (-€200,000) and Debts after one year (-€146,590)
- Stocks and contracts +€57,534
up €57,534 (+12.5%), from €460,613 to €518,147
- Receivables within one year +€36,310
up €36,310 (+22.0%), from €165,122 to €201,432
of which Trade receivables: +€45,204
- Debts after one year -€146,590
down €146,590 (-22.3%), from €657,091 to €510,501
of which Financial debts: -€146,590
- Reserves +€76,230
up €76,230 (+8.6%), from €885,430 to €961,660
- Other debts +€61,500
up €61,500 (+72.0%), from €85,413 to €146,913
- Trade debts +€43,782
up €43,782 (+43.9%), from €99,811 to €143,593
- Gross operating margin -€79,461
down €79,461 (-7.3%), from €1.1m to €1.0m
- Depreciation +€76,113
up €76,113 (+42.2%), from €180,528 to €256,641
- Staff costs -€27,034
down €27,034 (-5.5%), from €489,607 to €462,573
- Financial charges -€15,730
down €15,730 (-48.2%), from €32,601 to €16,871
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 | €2,126,435 | €2,164,839 | +€38,404 | +1.8% |
| Fixed assets | 21/28 | €1,229,090 | €1,094,470 | -€134,619 | -11.0% |
| Intangible fixed assets | 21 | €27,069 | €35,812 | +€8,743 | +32.3% |
| Tangible fixed assets | 22/27 | €1,201,750 | €1,058,388 | -€143,362 | -11.9% |
| Plant, machinery and equipment | 23 | €512,741 | €528,902 | +€16,161 | +3.2% |
| Furniture and vehicles | 24 | €513,307 | €368,900 | -€144,407 | -28.1% |
| Other tangible fixed assets | 26 | €175,702 | €160,586 | -€15,116 | -8.6% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €897,345 | €1,070,369 | +€173,024 | +19.3% |
| Stocks and contracts in progress | 3 | €460,613 | €518,147 | +€57,534 | +12.5% |
| Stocks | 30/36 | €460,613 | €518,147 | +€57,534 | +12.5% |
| Amounts receivable within one year | 40/41 | €165,122 | €201,432 | +€36,310 | +22.0% |
| Trade receivables | 40 | €151,483 | €196,687 | +€45,204 | +29.8% |
| Other amounts receivable | 41 | €13,639 | €4,745 | -€8,894 | -65.2% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €239,158 | €125,981 | -€113,176 | -47.3% |
| Deferred charges and accrued income | 490/1 | €32,453 | €24,808 | -€7,645 | -23.6% |
| Total equity and liabilities | 10/49 | €2,126,435 | €2,164,839 | +€38,404 | +1.8% |
| Equity | 10/15 | €1,064,213 | €1,140,443 | +€76,230 | +7.2% |
| Contributions | 10/11 | €178,783 | €178,783 | = | 0.0% |
| Reserves | 13 | €885,430 | €961,660 | +€76,230 | +8.6% |
| Distributable reserves | 133 | €885,430 | €961,660 | +€76,230 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,062,222 | €1,024,396 | -€37,826 | -3.6% |
| Amounts payable after more than one year | 17 | €657,091 | €510,501 | -€146,590 | -22.3% |
| Financial debts | 170/4 | €457,091 | €310,501 | -€146,590 | -32.1% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €403,154 | €511,925 | +€108,771 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €143,587 | €146,590 | +€3,004 | +2.1% |
| Financial debts | 43 | €0 | €3,000 | +€3,000 | |
| Credit institutions | 430/8 | €0 | €3,000 | +€3,000 | |
| Trade debts | 44 | €99,811 | €143,593 | +€43,782 | +43.9% |
| Suppliers | 440/4 | €99,811 | €143,593 | +€43,782 | +43.9% |
| Taxes, remuneration and social security | 45 | €74,343 | €71,829 | -€2,514 | -3.4% |
| Taxes | 450/3 | €35,786 | €37,724 | +€1,938 | +5.4% |
| Remuneration and social security | 454/9 | €38,557 | €34,105 | -€4,453 | -11.5% |
| Other amounts payable | 47/48 | €85,413 | €146,913 | +€61,500 | +72.0% |
| Accrued charges and deferred income | 492/3 | €1,977 | €1,971 | -€7 | -0.3% |
| Non-recurring operating income | 76A | - | €5,500 | +€5,500 | |
| Remuneration, social security and pensions | 62 | €489,607 | €462,573 | -€27,034 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,528 | €256,641 | +€76,113 | +42.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,630 | €81 | +€3,711 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €11,358 | €9,456 | -€1,902 | -16.7% |
| Non-recurring operating charges | 66A | €71,581 | €0 | -€71,581 | -100% |
| Gross operating margin | 9900 | €1,087,150 | €1,007,689 | -€79,461 | -7.3% |
| Operating profit (loss) | 9901 | €337,707 | €278,938 | -€58,769 | -17.4% |
| Financial income | 75/76B | €368 | €2,119 | +€1,751 | +476% |
| Recurring financial income | 75 | €368 | €2,119 | +€1,751 | +476% |
| Financial charges | 65/66B | €32,601 | €16,871 | -€15,730 | -48.2% |
| Recurring financial charges | 65 | €32,601 | €16,871 | -€15,730 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €305,474 | €264,186 | -€41,288 | -13.5% |
| Income taxes | 67/77 | €60,226 | €62,238 | +€2,012 | +3.3% |
| Profit (loss) for the period | 9904 | €245,248 | €201,948 | -€43,300 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €245,248 | €201,948 | -€43,300 | -17.7% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.