EETALAGE: 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.
EETALAGE
Largest movements
- Cash -€127,279
down €127,279 (-27.8%), from €457,482 to €330,203
mainly Contributions, distributions and other (-€200,000) and Trade debts (-€32,210)
- Receivables within one year -€37,700
down €37,700 (-66.6%), from €56,637 to €18,937
of which Trade receivables: -€28,973
- Tangible fixed assets -€27,339
down €27,339 (-17.4%), from €157,442 to €130,103
- Reserves -€133,625
down €133,625 (-31.4%), from €425,097 to €291,472
of which Distributable reserves: -€133,625
- Trade debts -€32,210
down €32,210 (-47.4%), from €67,953 to €35,743
- Debts after one year -€15,885
down €15,885 (-13.9%), from €114,476 to €98,591
- Tax, wage and social debts -€15,417
down €15,417 (-37.6%), from €41,022 to €25,605
of which Remuneration and social security: -€16,940
- Gross operating margin -€77,359
down €77,359 (-17.7%), from €437,636 to €360,277
- Taxes -€19,333
down €19,333 (-44.3%), from €43,650 to €24,317
- Staff costs -€4,618
down €4,618 (-2.0%), from €228,064 to €223,446
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 | €692,488 | €499,548 | -€192,940 | -27.9% |
| Fixed assets | 21/28 | €162,344 | €134,801 | -€27,543 | -17.0% |
| Intangible fixed assets | 21 | €527 | €323 | -€204 | -38.7% |
| Tangible fixed assets | 22/27 | €157,442 | €130,103 | -€27,339 | -17.4% |
| Plant, machinery and equipment | 23 | €87,548 | €74,825 | -€12,722 | -14.5% |
| Furniture and vehicles | 24 | €51,112 | €44,029 | -€7,082 | -13.9% |
| Other tangible fixed assets | 26 | €18,783 | €11,249 | -€7,534 | -40.1% |
| Financial fixed assets | 28 | €4,375 | €4,375 | = | 0.0% |
| Current assets | 29/58 | €530,144 | €364,747 | -€165,397 | -31.2% |
| Stocks and contracts in progress | 3 | €14,500 | €14,500 | = | 0.0% |
| Stocks | 30/36 | €14,500 | €14,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,637 | €18,937 | -€37,700 | -66.6% |
| Trade receivables | 40 | €33,781 | €4,809 | -€28,973 | -85.8% |
| Other amounts receivable | 41 | €22,856 | €14,128 | -€8,728 | -38.2% |
| Cash at bank and in hand | 54/58 | €457,482 | €330,203 | -€127,279 | -27.8% |
| Deferred charges and accrued income | 490/1 | €1,525 | €1,107 | -€418 | -27.4% |
| Total equity and liabilities | 10/49 | €692,488 | €499,548 | -€192,940 | -27.9% |
| Equity | 10/15 | €443,697 | €310,072 | -€133,625 | -30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €425,097 | €291,472 | -€133,625 | -31.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €423,237 | €289,612 | -€133,625 | -31.6% |
| Amounts payable | 17/49 | €248,791 | €189,476 | -€59,314 | -23.8% |
| Amounts payable after more than one year | 17 | €114,476 | €98,591 | -€15,885 | -13.9% |
| Financial debts | 170/4 | €114,476 | €98,591 | -€15,885 | -13.9% |
| Amounts payable within one year | 42/48 | €132,715 | €89,286 | -€43,429 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €15,601 | €15,885 | +€284 | +1.8% |
| Trade debts | 44 | €67,953 | €35,743 | -€32,210 | -47.4% |
| Suppliers | 440/4 | €67,953 | €35,743 | -€32,210 | -47.4% |
| Taxes, remuneration and social security | 45 | €41,022 | €25,605 | -€15,417 | -37.6% |
| Taxes | 450/3 | €15,855 | €17,378 | +€1,523 | +9.6% |
| Remuneration and social security | 454/9 | €25,167 | €8,227 | -€16,940 | -67.3% |
| Other amounts payable | 47/48 | €8,139 | €12,053 | +€3,914 | +48.1% |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €228,064 | €223,446 | -€4,618 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,851 | €42,211 | -€1,640 | -3.7% |
| Other operating charges | 640/8 | €615 | €297 | -€318 | -51.6% |
| Gross operating margin | 9900 | €437,636 | €360,277 | -€77,359 | -17.7% |
| Operating profit (loss) | 9901 | €165,106 | €94,322 | -€70,783 | -42.9% |
| Financial income | 75/76B | €1,860 | €2,814 | +€955 | +51.3% |
| Recurring financial income | 75 | €1,860 | €2,814 | +€955 | +51.3% |
| Financial charges | 65/66B | €6,059 | €6,445 | +€386 | +6.4% |
| Recurring financial charges | 65 | €6,059 | €6,445 | +€386 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €160,907 | €90,691 | -€70,215 | -43.6% |
| Income taxes | 67/77 | €43,650 | €24,317 | -€19,333 | -44.3% |
| Profit (loss) for the period | 9904 | €117,257 | €66,375 | -€50,883 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,257 | €66,375 | -€50,883 | -43.4% |
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 20 October 2026 via checked.be.