EECKHOUT: what changed
Two fiscal 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.
EECKHOUT
Largest movements
- Receivables within one year -€145,026
down €145,026 (-37.1%), from €391,266 to €246,240
of which Trade receivables: -€166,645
- Tangible fixed assets +€85,582
up €85,582 (+30.4%), from €281,609 to €367,191
of which Plant, machinery and equipment: +€81,829
- Current investments +€36,704
up €36,704 (+37.8%), from €96,974 to €133,679
- Cash -€16,634
down €16,634 (-4.1%), from €401,828 to €385,194
mainly Contributions, distributions and other (-€303,180) and Investment in fixed assets (net) (-€154,952)
- Reserves -€24,282
down €24,282 (-2.2%), from €1.1m to €1.1m
- Tax, wage and social debts -€22,031
down €22,031 (-36.3%), from €60,673 to €38,642
of which Taxes: -€20,082
- Trade debts +€15,876
up €15,876 (+11.3%), from €140,593 to €156,469
- Gross operating margin +€26,414
up €26,414 (+3.0%), from €881,112 to €907,526
- Staff costs -€12,710
down €12,710 (-2.6%), from €487,190 to €474,480
- Depreciation +€10,006
up €10,006 (+16.9%), from €59,364 to €69,370
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,403,496 | €1,376,337 | -€27,160 | -1.9% |
| Fixed assets | 21/28 | €282,849 | €368,430 | +€85,582 | +30.3% |
| Tangible fixed assets | 22/27 | €281,609 | €367,191 | +€85,582 | +30.4% |
| Land and buildings | 22 | €129,634 | €123,370 | -€6,264 | -4.8% |
| Plant, machinery and equipment | 23 | €73,930 | €155,760 | +€81,829 | +110.7% |
| Furniture and vehicles | 24 | €75,909 | €86,945 | +€11,036 | +14.5% |
| Other tangible fixed assets | 26 | €2,136 | €1,117 | -€1,019 | -47.7% |
| Financial fixed assets | 28 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €1,120,648 | €1,007,906 | -€112,741 | -10.1% |
| Stocks and contracts in progress | 3 | €225,610 | €237,213 | +€11,603 | +5.1% |
| Stocks | 30/36 | €225,610 | €237,213 | +€11,603 | +5.1% |
| Amounts receivable within one year | 40/41 | €391,266 | €246,240 | -€145,026 | -37.1% |
| Trade receivables | 40 | €390,668 | €224,023 | -€166,645 | -42.7% |
| Other amounts receivable | 41 | €598 | €22,217 | +€21,619 | +3615.1% |
| Current investments | 50/53 | €96,974 | €133,679 | +€36,704 | +37.8% |
| Cash at bank and in hand | 54/58 | €401,828 | €385,194 | -€16,634 | -4.1% |
| Deferred charges and accrued income | 490/1 | €4,969 | €5,581 | +€612 | +12.3% |
| Total equity and liabilities | 10/49 | €1,403,496 | €1,376,337 | -€27,160 | -1.9% |
| Equity | 10/15 | €1,148,900 | €1,124,618 | -€24,282 | -2.1% |
| Contributions | 10/11 | €29,592 | €29,592 | = | 0.0% |
| Reserves | 13 | €1,119,308 | €1,095,026 | -€24,282 | -2.2% |
| Distributable reserves | 133 | €1,119,308 | €1,095,026 | -€24,282 | -2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €254,597 | €251,719 | -€2,877 | -1.1% |
| Amounts payable within one year | 42/48 | €251,747 | €248,469 | -€3,277 | -1.3% |
| Trade debts | 44 | €140,593 | €156,469 | +€15,876 | +11.3% |
| Suppliers | 440/4 | €140,593 | €156,469 | +€15,876 | +11.3% |
| Taxes, remuneration and social security | 45 | €60,673 | €38,642 | -€22,031 | -36.3% |
| Taxes | 450/3 | €20,137 | €55 | -€20,082 | -99.7% |
| Remuneration and social security | 454/9 | €40,536 | €38,586 | -€1,949 | -4.8% |
| Other amounts payable | 47/48 | €50,480 | €53,359 | +€2,878 | +5.7% |
| Accrued charges and deferred income | 492/3 | €2,850 | €3,250 | +€400 | +14.0% |
| Non-recurring operating income | 76A | €7,000 | €18,000 | +€11,000 | +157.1% |
| Remuneration, social security and pensions | 62 | €487,190 | €474,480 | -€12,710 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,364 | €69,370 | +€10,006 | +16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €170 | +€170 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €12,645 | €12,650 | +€5 | 0.0% |
| Gross operating margin | 9900 | €881,112 | €907,526 | +€26,414 | +3.0% |
| Operating profit (loss) | 9901 | €321,913 | €350,855 | +€28,942 | +9.0% |
| Financial income | 75/76B | €2,498 | €3,841 | +€1,343 | +53.8% |
| Recurring financial income | 75 | €2,498 | €3,841 | +€1,343 | +53.8% |
| Financial charges | 65/66B | €915 | €671 | -€244 | -26.7% |
| Recurring financial charges | 65 | €915 | €671 | -€244 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €323,497 | €354,026 | +€30,529 | +9.4% |
| Income taxes | 67/77 | €71,252 | €75,128 | +€3,876 | +5.4% |
| Profit (loss) for the period | 9904 | €252,245 | €278,898 | +€26,653 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €252,245 | €278,898 | +€26,653 | +10.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.