EELEN PROJECT MANAGEMENT: what changed
What changed
EELEN PROJECT MANAGEMENT
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€81,734
2024 · €419,988-€338,254
Equity
€856,990
2024 · €1.0m-€174,992
Cash
€366,110
2024 · €36,375+€329,736
Balance sheet total
€1.1m
2024 · €1.1m+€9,746
Largest movements
Assets
- Cash +€329,736
up €329,736 (+907%), from €36,375 to €366,110
mainly Current investments (+€277,978) and Other debts (+€181,890)
- Current investments -€277,978
down €277,978 (-30.1%), from €925,000 to €647,022
- Receivables within one year -€34,997
down €34,997 (-61.9%), from €56,584 to €21,586
of which Trade receivables: -€34,997
Equity and liabilities
- Other debts +€181,890
up €181,890 (+4,648%), from €3,913 to €185,804
- Reserves -€174,992
down €174,992 (-17.2%), from €1.0m to €844,590
Income statement
- Gross operating margin -€499,985
down €499,985 (-80.9%), from €618,174 to €118,189
- Taxes -€148,160
down €148,160 (-77.7%), from €190,704 to €42,543
- Financial income +€19,938
up €19,938 (+191%), from €10,461 to €30,398
- Financial charges +€6,963
up €6,963 (+786%), from €886 to €7,849
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.
Result 2024
€419,988
Gross operating margin
-€499,985
Depreciation
+€1,305
Other operating charges
-€709
Financial income
+€19,938
Financial charges
-€6,963
Taxes
+€148,160
Result 2025
€81,734
raises the resultlowers the result
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.
From operations
+€317,343
Investment
+€269,119
Financing
-€256,726
Cash 2024
€36,375
From operations (derived)
+€317,343
Net result for the year
+€81,734
Depreciation
+€15,343
Receivables within one year
+€34,997
Deferred charges and accrued income
+€532
Trade debts
-€4,488
Tax, wage and social debts
+€7,335
Other debts
+€181,890
Investment (derived)
+€269,119
Investment in fixed assets (net)
-€8,859
Current investments
+€277,978
Financing
-€256,726
Contributions, distributions and other
-€256,726
Cash 2025
€366,110
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,073,191 | €1,082,937 | +€9,746 | +0.9% |
| Fixed assets | 21/28 | €52,854 | €46,371 | -€6,483 | -12.3% |
| Tangible fixed assets | 22/27 | €52,854 | €46,371 | -€6,483 | -12.3% |
| Furniture and vehicles | 24 | €44,686 | €40,695 | -€3,991 | -8.9% |
| Other tangible fixed assets | 26 | €8,168 | €5,676 | -€2,492 | -30.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,020,337 | €1,036,566 | +€16,229 | +1.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €56,584 | €21,586 | -€34,997 | -61.9% |
| Trade receivables | 40 | €56,584 | €21,586 | -€34,997 | -61.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €925,000 | €647,022 | -€277,978 | -30.1% |
| Cash at bank and in hand | 54/58 | €36,375 | €366,110 | +€329,736 | +907% |
| Deferred charges and accrued income | 490/1 | €2,379 | €1,847 | -€532 | -22.4% |
| Total equity and liabilities | 10/49 | €1,073,191 | €1,082,937 | +€9,746 | +0.9% |
| Equity | 10/15 | €1,031,982 | €856,990 | -€174,992 | -17.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,019,582 | €844,590 | -€174,992 | -17.2% |
| Distributable reserves | 133 | €1,019,582 | €844,590 | -€174,992 | -17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,209 | €225,947 | +€184,738 | +448% |
| Amounts payable within one year | 42/48 | €41,209 | €225,947 | +€184,738 | +448% |
| Trade debts | 44 | €5,809 | €1,321 | -€4,488 | -77.3% |
| Suppliers | 440/4 | €5,809 | €1,321 | -€4,488 | -77.3% |
| Taxes, remuneration and social security | 45 | €31,487 | €38,822 | +€7,335 | +23.3% |
| Taxes | 450/3 | €29,087 | €36,922 | +€7,835 | +26.9% |
| Remuneration and social security | 454/9 | €2,400 | €1,900 | -€500 | -20.8% |
| Other amounts payable | 47/48 | €3,913 | €185,804 | +€181,890 | +4,648% |
| Non-recurring operating income | 76A | €5,430 | €0 | -€5,430 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,647 | €15,343 | -€1,305 | -7.8% |
| Other operating charges | 640/8 | €410 | €1,118 | +€709 | +173% |
| Gross operating margin | 9900 | €618,174 | €118,189 | -€499,985 | -80.9% |
| Operating profit (loss) | 9901 | €601,117 | €101,728 | -€499,389 | -83.1% |
| Financial income | 75/76B | €10,461 | €30,398 | +€19,938 | +191% |
| Recurring financial income | 75 | €10,461 | €30,398 | +€19,938 | +191% |
| Financial charges | 65/66B | €886 | €7,849 | +€6,963 | +786% |
| Recurring financial charges | 65 | €886 | €7,849 | +€6,963 | +786% |
| Profit (loss) for the period before taxes | 9903 | €610,692 | €124,277 | -€486,415 | -79.6% |
| Income taxes | 67/77 | €190,704 | €42,543 | -€148,160 | -77.7% |
| Profit (loss) for the period | 9904 | €419,988 | €81,734 | -€338,254 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €419,988 | €81,734 | -€338,254 | -80.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.