EGLADOR: what changed
EGLADOR
Largest movements
- Receivables within one year +€63,255
up €63,255 (+268%), from €23,567 to €86,822
of which Trade receivables: +€49,225
- Cash +€22,387
up €22,387 (+166%), from €13,500 to €35,886
mainly Net result for the year (+€65,426) and Tax, wage and social debts (+€23,424)
- Tangible fixed assets -€13,461
down €13,461 (-21.5%), from €62,552 to €49,091
- Reserves +€65,426
up €65,426 (+194%), from €33,727 to €99,154
- Tax, wage and social debts +€23,424
up €23,424 (+286%), from €8,179 to €31,603
of which Taxes: +€23,394
- Debts after one year -€12,135
down €12,135 (-27.7%), from €43,732 to €31,597
- Other debts -€6,060
down €6,060 (-100%), from €6,060 to €0
- Gross operating margin +€55,042
up €55,042 (+118%), from €46,531 to €101,573
- Taxes +€10,076
up €10,076 (+125%), from €8,066 to €18,142
- Depreciation +€5,573
up €5,573 (+61.7%), from €9,029 to €14,602
- Other operating charges +€1,145
new in 2025: €1,145
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 | €105,881 | €176,799 | +€70,918 | +67.0% |
| Fixed assets | 21/28 | €67,552 | €54,091 | -€13,461 | -19.9% |
| Tangible fixed assets | 22/27 | €62,552 | €49,091 | -€13,461 | -21.5% |
| Furniture and vehicles | 24 | €62,552 | €49,091 | -€13,461 | -21.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €38,329 | €122,708 | +€84,379 | +220% |
| Amounts receivable within one year | 40/41 | €23,567 | €86,822 | +€63,255 | +268% |
| Trade receivables | 40 | €19,597 | €68,822 | +€49,225 | +251% |
| Other amounts receivable | 41 | €3,970 | €18,000 | +€14,030 | +353% |
| Cash at bank and in hand | 54/58 | €13,500 | €35,886 | +€22,387 | +166% |
| Deferred charges and accrued income | 490/1 | €1,263 | €0 | -€1,263 | -100% |
| Total equity and liabilities | 10/49 | €105,881 | €176,799 | +€70,918 | +67.0% |
| Equity | 10/15 | €35,727 | €101,154 | +€65,426 | +183% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €33,727 | €99,154 | +€65,426 | +194% |
| Distributable reserves | 133 | €33,727 | €99,154 | +€65,426 | +194% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €70,154 | €75,645 | +€5,491 | +7.8% |
| Amounts payable after more than one year | 17 | €43,732 | €31,597 | -€12,135 | -27.7% |
| Financial debts | 170/4 | €43,732 | €31,597 | -€12,135 | -27.7% |
| Amounts payable within one year | 42/48 | €26,422 | €43,785 | +€17,363 | +65.7% |
| Current portion of amounts payable after more than one year | 42 | €11,620 | €12,135 | +€516 | +4.4% |
| Trade debts | 44 | €563 | €47 | -€517 | -91.7% |
| Suppliers | 440/4 | €563 | €47 | -€517 | -91.7% |
| Taxes, remuneration and social security | 45 | €8,179 | €31,603 | +€23,424 | +286% |
| Taxes | 450/3 | €8,066 | €31,460 | +€23,394 | +290% |
| Remuneration and social security | 454/9 | €113 | €144 | +€31 | +27.2% |
| Other amounts payable | 47/48 | €6,060 | €0 | -€6,060 | -100% |
| Accrued charges and deferred income | 492/3 | - | €263 | +€263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,029 | €14,602 | +€5,573 | +61.7% |
| Other operating charges | 640/8 | - | €1,145 | +€1,145 | |
| Gross operating margin | 9900 | €46,531 | €101,573 | +€55,042 | +118% |
| Operating profit (loss) | 9901 | €37,502 | €85,827 | +€48,325 | +129% |
| Financial charges | 65/66B | €1,698 | €2,258 | +€560 | +33.0% |
| Recurring financial charges | 65 | €1,698 | €2,258 | +€560 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €35,804 | €83,569 | +€47,765 | +133% |
| Income taxes | 67/77 | €8,066 | €18,142 | +€10,076 | +125% |
| Profit (loss) for the period | 9904 | €27,737 | €65,426 | +€37,689 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €27,737 | €65,426 | +€37,689 | +136% |
Next steps
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 7 November 2026 via checked.be.