EEKA: what changed
EEKA
Largest movements
- Receivables within one year -€51,767
down €51,767 (-86.8%), from €59,613 to €7,846
of which Trade receivables: -€54,540
- Cash +€40,813
up €40,813 (+45.8%), from €89,017 to €129,830
mainly Debts after one year (+€96,405) and Receivables within one year (+€51,767)
- Financial fixed assets +€18,973
up €18,973 (+35.9%), from €52,813 to €71,786
- Stocks and contracts +€9,495
up €9,495 (+8.8%), from €108,168 to €117,663
- Debts after one year +€96,405
up €96,405 (+2,856%), from €3,376 to €99,781
- Profit (loss) carried forward -€64,340
down €64,340 (-89.4%), from €71,929 to €7,589
- Current portion of long-term debt +€22,124
new in 2025: €22,124
- Trade debts -€21,943
down €21,943 (-10.3%), from €212,271 to €190,328
- Tax, wage and social debts -€9,243
down €9,243 (-27.5%), from €33,649 to €24,406
of which Taxes: -€11,532
- Gross operating margin -€66,799
down €66,799 (-51.9%), from €128,746 to €61,947
- Financial charges +€12,810
up €12,810 (+592%), from €2,165 to €14,975
- Staff costs +€10,845
up €10,845 (+12.2%), from €88,719 to €99,564
- Depreciation +€7,863
up €7,863 (+221%), from €3,551 to €11,414
- Taxes -€6,058
no longer reported in 2025 (was €6,058)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €369,997 | €387,784 | +€17,787 | +4.8% |
| Fixed assets | 21/28 | €111,988 | €132,037 | +€20,049 | +17.9% |
| Tangible fixed assets | 22/27 | €59,175 | €60,251 | +€1,076 | +1.8% |
| Plant, machinery and equipment | 23 | €5,312 | €3,690 | -€1,622 | -30.5% |
| Furniture and vehicles | 24 | €1,188 | €11,801 | +€10,613 | +893% |
| Other tangible fixed assets | 26 | €52,675 | €44,760 | -€7,915 | -15.0% |
| Financial fixed assets | 28 | €52,813 | €71,786 | +€18,973 | +35.9% |
| Current assets | 29/58 | €258,009 | €255,747 | -€2,262 | -0.9% |
| Stocks and contracts in progress | 3 | €108,168 | €117,663 | +€9,495 | +8.8% |
| Stocks | 30/36 | €108,168 | €117,663 | +€9,495 | +8.8% |
| Amounts receivable within one year | 40/41 | €59,613 | €7,846 | -€51,767 | -86.8% |
| Trade receivables | 40 | €58,835 | €4,295 | -€54,540 | -92.7% |
| Other amounts receivable | 41 | €778 | €3,551 | +€2,773 | +356% |
| Cash at bank and in hand | 54/58 | €89,017 | €129,830 | +€40,813 | +45.8% |
| Deferred charges and accrued income | 490/1 | €1,211 | €408 | -€803 | -66.3% |
| Total equity and liabilities | 10/49 | €369,997 | €387,784 | +€17,787 | +4.8% |
| Equity | 10/15 | €91,929 | €27,589 | -€64,340 | -70.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,929 | €7,589 | -€64,340 | -89.4% |
| Amounts payable | 17/49 | €278,068 | €360,195 | +€82,127 | +29.5% |
| Amounts payable after more than one year | 17 | €3,376 | €99,781 | +€96,405 | +2,856% |
| Financial debts | 170/4 | €3,376 | €99,781 | +€96,405 | +2,856% |
| Amounts payable within one year | 42/48 | €274,692 | €260,414 | -€14,277 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | - | €22,124 | +€22,124 | |
| Trade debts | 44 | €212,271 | €190,328 | -€21,943 | -10.3% |
| Suppliers | 440/4 | €212,271 | €190,328 | -€21,943 | -10.3% |
| Taxes, remuneration and social security | 45 | €33,649 | €24,406 | -€9,243 | -27.5% |
| Taxes | 450/3 | €15,066 | €3,534 | -€11,532 | -76.5% |
| Remuneration and social security | 454/9 | €18,583 | €20,872 | +€2,289 | +12.3% |
| Other amounts payable | 47/48 | €28,772 | €23,557 | -€5,215 | -18.1% |
| Remuneration, social security and pensions | 62 | €88,719 | €99,564 | +€10,845 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,551 | €11,414 | +€7,863 | +221% |
| Other operating charges | 640/8 | €511 | €361 | -€149 | -29.2% |
| Gross operating margin | 9900 | €128,746 | €61,947 | -€66,799 | -51.9% |
| Operating profit (loss) | 9901 | €35,966 | -€49,392 | -€85,358 | |
| Financial income | 75/76B | €27 | €27 | -€0 | -1.2% |
| Recurring financial income | 75 | €27 | €27 | -€0 | -1.2% |
| Financial charges | 65/66B | €2,165 | €14,975 | +€12,810 | +592% |
| Recurring financial charges | 65 | €2,165 | €14,975 | +€12,810 | +592% |
| Profit (loss) for the period before taxes | 9903 | €33,828 | -€64,340 | -€98,168 | |
| Income taxes | 67/77 | €6,058 | - | -€6,058 | |
| Profit (loss) for the period | 9904 | €27,770 | -€64,340 | -€92,110 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,770 | -€64,340 | -€92,110 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.