EIE MANAGEMENT: 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.
EIE MANAGEMENT
Largest movements
- Cash -€743,806
down €743,806 (-94.7%), from €785,774 to €41,968
mainly Investment in fixed assets (net) (-€824,541) and Other debts (-€113,709)
- Tangible fixed assets +€720,884
up €720,884 (+32.1%), from €2.2m to €3.0m
of which Land and buildings: +€951,707
- Receivables within one year +€41,265
up €41,265 (+147%), from €28,124 to €69,389
of which Trade receivables: +€35,690
- Trade debts +€145,343
up €145,343 (+138%), from €105,530 to €250,873
- Other debts -€113,709
down €113,709 (-9.9%), from €1.1m to €1.0m
- Debts after one year -€39,857
down €39,857 (-2.4%), from €1.6m to €1.6m
- Gross operating margin +€88,622
up €88,622 (+90.6%), from €97,779 to €186,401
- Depreciation +€73,396
up €73,396 (+243%), from €30,261 to €103,657
- Financial charges +€29,395
up €29,395 (+153%), from €19,208 to €48,603
- Taxes +€11,523
new in 2025: €11,523
- Other operating charges +€6,056
up €6,056 (+246%), from €2,465 to €8,520
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 | €3,060,348 | €3,078,690 | +€18,343 | +0.6% |
| Fixed assets | 21/28 | €2,246,450 | €2,967,334 | +€720,884 | +32.1% |
| Tangible fixed assets | 22/27 | €2,246,450 | €2,967,334 | +€720,884 | +32.1% |
| Land and buildings | 22 | €1,853,883 | €2,805,590 | +€951,707 | +51.3% |
| Furniture and vehicles | 24 | €139,836 | €161,744 | +€21,908 | +15.7% |
| Assets under construction and advance payments | 27 | €252,731 | - | -€252,731 | |
| Current assets | 29/58 | €813,897 | €111,357 | -€702,541 | -86.3% |
| Amounts receivable within one year | 40/41 | €28,124 | €69,389 | +€41,265 | +147% |
| Trade receivables | 40 | €28,124 | €63,814 | +€35,690 | +127% |
| Other amounts receivable | 41 | - | €5,575 | +€5,575 | |
| Cash at bank and in hand | 54/58 | €785,774 | €41,968 | -€743,806 | -94.7% |
| Total equity and liabilities | 10/49 | €3,060,348 | €3,078,690 | +€18,343 | +0.6% |
| Equity | 10/15 | €115,008 | €129,104 | +€14,096 | +12.3% |
| Contributions | 10/11 | €1,700 | €1,700 | = | 0.0% |
| Capital | 10 | €1,700 | €1,700 | = | 0.0% |
| Issued capital | 100 | €1,700 | €1,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,308 | €127,404 | +€14,096 | +12.4% |
| Amounts payable | 17/49 | €2,945,340 | €2,949,586 | +€4,246 | +0.1% |
| Amounts payable after more than one year | 17 | €1,649,124 | €1,609,267 | -€39,857 | -2.4% |
| Financial debts | 170/4 | €1,649,124 | €1,609,267 | -€39,857 | -2.4% |
| Amounts payable within one year | 42/48 | €1,296,216 | €1,340,319 | +€44,103 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €38,419 | €39,857 | +€1,438 | +3.7% |
| Trade debts | 44 | €105,530 | €250,873 | +€145,343 | +138% |
| Suppliers | 440/4 | €105,530 | €250,873 | +€145,343 | +138% |
| Taxes, remuneration and social security | 45 | €3,183 | €14,215 | +€11,032 | +347% |
| Taxes | 450/3 | €3,183 | €14,215 | +€11,032 | +347% |
| Other amounts payable | 47/48 | €1,149,085 | €1,035,375 | -€113,709 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,261 | €103,657 | +€73,396 | +243% |
| Other operating charges | 640/8 | €2,465 | €8,520 | +€6,056 | +246% |
| Gross operating margin | 9900 | €97,779 | €186,401 | +€88,622 | +90.6% |
| Operating profit (loss) | 9901 | €65,054 | €74,223 | +€9,169 | +14.1% |
| Financial charges | 65/66B | €19,208 | €48,603 | +€29,395 | +153% |
| Recurring financial charges | 65 | €19,208 | €48,603 | +€29,395 | +153% |
| Profit (loss) for the period before taxes | 9903 | €45,846 | €25,620 | -€20,226 | -44.1% |
| Income taxes | 67/77 | - | €11,523 | +€11,523 | |
| Profit (loss) for the period | 9904 | €45,846 | €14,096 | -€31,749 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,846 | €14,096 | -€31,749 | -69.3% |
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 13 October 2026 via checked.be.