EECKHAUT: 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.
What changed
EECKHAUT
NACE 41.001, General construction of residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€624,699
2024 · €305,610+€319,089
Equity
€3.3m
2024 · €2.9m+€374,699
Cash
€819,453
2024 · €996,299-€176,847
Balance sheet total
€4.4m
2024 · €4.4m+€44,821
Largest movements
Assets
- Tangible fixed assets +€245,199
up €245,199 (+14.9%), from €1.6m to €1.9m
of which Furniture and vehicles: +€439,715
- Cash -€176,847
down €176,847 (-17.8%), from €996,299 to €819,453
mainly Investment in fixed assets (net) (-€961,385) and Contributions, distributions and other (-€250,000)
- Current investments +€53,782
up €53,782 (+8.2%), from €658,263 to €712,045
Equity and liabilities
- Reserves +€373,785
up €373,785 (+13.2%), from €2.8m to €3.2m
of which Distributable reserves: +€337,600
- Other debts -€249,915
down €249,915 (-50.0%), from €499,938 to €250,023
- Trade debts -€244,640
down €244,640 (-32.7%), from €747,882 to €503,242
- Debts after one year +€88,667
new in 2025: €88,667
- Current portion of long-term debt +€66,500
new in 2025: €66,500
Income statement
- Gross operating margin +€424,911
up €424,911 (+23.8%), from €1.8m to €2.2m
- Depreciation +€148,469
up €148,469 (+26.2%), from €567,718 to €716,187
- Staff costs -€108,686
down €108,686 (-13.1%), from €832,287 to €723,601
- Taxes +€34,397
up €34,397 (+27.0%), from €127,327 to €161,724
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.
Result 2024
€305,610
Gross operating margin
+€424,911
Staff costs
+€108,686
Depreciation
-€148,469
Write-downs
-€15,000
Other operating charges
+€19,641
Financial income
-€7,286
Financial charges
+€7,791
Taxes
-€34,397
Deferred taxes and other
-€36,787
Result 2025
€624,699
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.
From operations
+€933,154
Investment
-€1.0m
Financing
-€94,833
Cash 2024
€996,299
From operations (derived)
+€933,154
Net result for the year
+€624,699
Depreciation
+€716,187
Receivables after one year
+€42,000
Stocks and contracts
+€7,878
Receivables within one year
+€29,768
Deferred charges and accrued income
-€2,333
Provisions
+€12,362
Trade debts
-€244,640
Tax, wage and social debts
+€27,032
Other debts
-€249,915
Accrued charges and deferred income
-€29,883
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€961,385
Current investments
-€53,782
Financing
-€94,833
Debts after one year
+€88,667
Current portion of long-term debt
+€66,500
Contributions, distributions and other
-€250,000
Cash 2025
€819,453
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,371,098 | €4,415,919 | +€44,821 | +1.0% |
| Fixed assets | 21/28 | €1,646,192 | €1,891,391 | +€245,199 | +14.9% |
| Tangible fixed assets | 22/27 | €1,646,057 | €1,891,256 | +€245,199 | +14.9% |
| Land and buildings | 22 | €122,009 | €110,739 | -€11,270 | -9.2% |
| Plant, machinery and equipment | 23 | €757,436 | €574,189 | -€183,247 | -24.2% |
| Furniture and vehicles | 24 | €766,612 | €1,206,327 | +€439,715 | +57.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €2,724,906 | €2,524,529 | -€200,378 | -7.4% |
| Amounts receivable after more than one year | 29 | €420,000 | €378,000 | -€42,000 | -10.0% |
| Other amounts receivable | 291 | €420,000 | €378,000 | -€42,000 | -10.0% |
| Stocks and contracts in progress | 3 | €48,681 | €40,803 | -€7,878 | -16.2% |
| Stocks | 30/36 | €48,681 | €40,803 | -€7,878 | -16.2% |
| Amounts receivable within one year | 40/41 | €556,086 | €526,318 | -€29,768 | -5.4% |
| Trade receivables | 40 | €462,804 | €410,699 | -€52,106 | -11.3% |
| Other amounts receivable | 41 | €93,282 | €115,620 | +€22,338 | +23.9% |
| Current investments | 50/53 | €658,263 | €712,045 | +€53,782 | +8.2% |
| Cash at bank and in hand | 54/58 | €996,299 | €819,453 | -€176,847 | -17.8% |
| Deferred charges and accrued income | 490/1 | €45,577 | €47,910 | +€2,333 | +5.1% |
| Total equity and liabilities | 10/49 | €4,371,098 | €4,415,919 | +€44,821 | +1.0% |
| Equity | 10/15 | €2,891,295 | €3,265,995 | +€374,699 | +13.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,829,230 | €3,203,016 | +€373,785 | +13.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €905,630 | €941,816 | +€36,185 | +4.0% |
| Distributable reserves | 133 | €1,917,400 | €2,255,000 | +€337,600 | +17.6% |
| Profit (loss) carried forward | 14 | €65 | €979 | +€914 | +1406.6% |
| Provisions and deferred taxes | 16 | €66,393 | €78,755 | +€12,362 | +18.6% |
| Provisions for liabilities and charges | 160/5 | €2,700 | €3,000 | +€300 | +11.1% |
| Major repairs and maintenance | 162 | €2,700 | €3,000 | +€300 | +11.1% |
| Deferred taxes | 168 | €63,693 | €75,755 | +€12,062 | +18.9% |
| Amounts payable | 17/49 | €1,413,409 | €1,071,169 | -€342,240 | -24.2% |
| Amounts payable after more than one year | 17 | - | €88,667 | +€88,667 | |
| Financial debts | 170/4 | - | €88,667 | +€88,667 | |
| Amounts payable within one year | 42/48 | €1,310,826 | €909,803 | -€401,023 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | - | €66,500 | +€66,500 | |
| Trade debts | 44 | €747,882 | €503,242 | -€244,640 | -32.7% |
| Suppliers | 440/4 | €747,882 | €503,242 | -€244,640 | -32.7% |
| Taxes, remuneration and social security | 45 | €63,007 | €90,038 | +€27,032 | +42.9% |
| Taxes | 450/3 | €15,382 | €52,058 | +€36,677 | +238.4% |
| Remuneration and social security | 454/9 | €47,625 | €37,980 | -€9,645 | -20.3% |
| Other amounts payable | 47/48 | €499,938 | €250,023 | -€249,915 | -50.0% |
| Accrued charges and deferred income | 492/3 | €102,583 | €72,700 | -€29,883 | -29.1% |
| Non-recurring operating income | 76A | €4,000 | €166,500 | +€162,500 | +4062.5% |
| Remuneration, social security and pensions | 62 | €832,287 | €723,601 | -€108,686 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €567,718 | €716,187 | +€148,469 | +26.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,000 | €0 | +€15,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €300 | €300 | = | 0.0% |
| Other operating charges | 640/8 | €35,707 | €16,066 | -€19,641 | -55.0% |
| Gross operating margin | 9900 | €1,788,726 | €2,213,637 | +€424,911 | +23.8% |
| Operating profit (loss) | 9901 | €367,714 | €757,483 | +€389,769 | +106.0% |
| Financial income | 75/76B | €45,275 | €37,989 | -€7,286 | -16.1% |
| Recurring financial income | 75 | €45,275 | €37,989 | -€7,286 | -16.1% |
| Financial charges | 65/66B | €4,777 | -€3,013 | -€7,791 | |
| Recurring financial charges | 65 | €4,777 | -€3,013 | -€7,791 | |
| Profit (loss) for the period before taxes | 9903 | €408,212 | €798,485 | +€390,274 | +95.6% |
| Transfer from deferred taxes | 780 | €24,725 | €29,563 | +€4,838 | +19.6% |
| Transfer to deferred taxes | 680 | €0 | €41,625 | +€41,625 | |
| Income taxes | 67/77 | €127,327 | €161,724 | +€34,397 | +27.0% |
| Profit (loss) for the period | 9904 | €305,610 | €624,699 | +€319,089 | +104.4% |
| Transfer from tax-exempt reserves | 789 | €221,525 | €236,040 | +€14,515 | +6.6% |
| Transfer to tax-exempt reserves | 689 | €147,350 | €272,225 | +€124,875 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €379,785 | €588,514 | +€208,729 | +55.0% |
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 11 October 2026 via checked.be.