EENDRACHT29: 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.
EENDRACHT29
Largest movements
- Tangible fixed assets +€2.3m
up €2.3m (+161%), from €1.5m to €3.8m
of which Assets under construction and advance payments: +€2.7m
- Debts after one year +€2.1m
new in 2025: €2.1m
- Profit (loss) carried forward -€309,656
down €309,656 (-179%), from -€172,540 to -€482,197
- Trade debts +€305,920
up €305,920 (+1,057%), from €28,934 to €334,854
- Other debts +€214,478
up €214,478 (+18.9%), from €1.1m to €1.4m
- Gross operating margin +€93,142
up €93,142, from -€5,710 to €87,432
- Depreciation -€42,482
no longer reported in 2025 (was €42,482)
- Financial charges +€22,592
up €22,592 (+84.4%), from €26,753 to €49,345
- Other operating charges +€7,645
up €7,645 (+117%), from €6,532 to €14,177
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 | €1,492,620 | €3,821,623 | +€2.3m | +156% |
| Fixed assets | 21/28 | €1,462,361 | €3,811,168 | +€2.3m | +161% |
| Tangible fixed assets | 22/27 | €1,462,361 | €3,811,168 | +€2.3m | +161% |
| Land and buildings | 22 | €1,324,802 | €991,235 | -€333,567 | -25.2% |
| Assets under construction and advance payments | 27 | €137,559 | €2,819,933 | +€2.7m | +1,950% |
| Current assets | 29/58 | €30,259 | €10,455 | -€19,804 | -65.4% |
| Cash at bank and in hand | 54/58 | €2,120 | €10,455 | +€8,334 | +393% |
| Deferred charges and accrued income | 490/1 | €28,139 | - | -€28,139 | |
| Total equity and liabilities | 10/49 | €1,492,620 | €3,821,623 | +€2.3m | +156% |
| Equity | 10/15 | €327,460 | €17,803 | -€309,656 | -94.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,540 | -€482,197 | -€309,656 | -179% |
| Amounts payable | 17/49 | €1,165,160 | €3,803,820 | +€2.6m | +226% |
| Amounts payable after more than one year | 17 | - | €2,117,384 | +€2.1m | |
| Financial debts | 170/4 | - | €2,117,384 | +€2.1m | |
| Amounts payable within one year | 42/48 | €1,165,139 | €1,685,536 | +€520,398 | +44.7% |
| Trade debts | 44 | €28,934 | €334,854 | +€305,920 | +1,057% |
| Suppliers | 440/4 | €28,934 | €334,854 | +€305,920 | +1,057% |
| Other amounts payable | 47/48 | €1,136,205 | €1,350,683 | +€214,478 | +18.9% |
| Accrued charges and deferred income | 492/3 | €21 | €899 | +€878 | +4,100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,482 | - | -€42,482 | |
| Other operating charges | 640/8 | €6,532 | €14,177 | +€7,645 | +117% |
| Non-recurring operating charges | 66A | - | €333,567 | +€333,567 | |
| Gross operating margin | 9900 | -€5,710 | €87,432 | +€93,142 | |
| Operating profit (loss) | 9901 | -€54,723 | -€260,311 | -€205,589 | -376% |
| Financial charges | 65/66B | €26,753 | €49,345 | +€22,592 | +84.4% |
| Recurring financial charges | 65 | €26,753 | €49,345 | +€22,592 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | -€81,476 | -€309,656 | -€228,180 | -280% |
| Profit (loss) for the period | 9904 | -€81,476 | -€309,656 | -€228,180 | -280% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,476 | -€309,656 | -€228,180 | -280% |
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 26 October 2026 via checked.be.