EIFEL - HOLZ: 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.
What changed
EIFEL - HOLZ
NACE 16.110, Sawmilling and planing of wood
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€25,768
2024 · -€383,435+€357,667
Equity
€6.8m
2024 · €6.5m+€378,600
Cash
€743,399
2024 · €14,872+€728,527
Balance sheet total
€39.6m
2024 · €39.9m-€295,999
Largest movements
Assets
- Tangible fixed assets -€1.9m
down €1.9m (-6.8%), from €27.8m to €25.9m
of which Leasing and similar rights: -€1.2m
- Stocks and contracts +€1.0m
up €1.0m (+13.3%), from €7.8m to €8.8m
- Cash +€728,527
up €728,527 (+4,899%), from €14,872 to €743,399
mainly Depreciation (+€2.5m) and Short-term financial debts (+€1.5m)
Equity and liabilities
- Debts after one year -€2.1m
down €2.1m (-9.9%), from €21.0m to €18.9m
of which Financial debts: -€1.8m
- Short-term financial debts +€1.5m
up €1.5m (+22.4%), from €6.5m to €8.0m
- Investment grants +€404,368
up €404,368 (+43.0%), from €940,354 to €1.3m
Income statement
- Turnover +€2.0m
up €2.0m (+14.1%), from €14.3m to €16.3m
- Depreciation +€1.2m
up €1.2m (+93.8%), from €1.3m to €2.5m
- Goods and materials +€769,747
up €769,747 (+9.1%), from €8.4m to €9.2m
of which Change in stocks: decrease (increase): +€1.2m
- Services and other goods -€286,130
down €286,130 (-12.0%), from €2.4m to €2.1m
- Financial charges -€226,403
down €226,403 (-24.6%), from €919,774 to €693,370
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.
Result 2024
-€383,435
Turnover
+€2.0m
Other operating income
+€18,108
Goods and materials
-€769,747
Services and other goods
+€286,130
Staff costs
-€210,277
Depreciation
-€1.2m
Write-downs
+€115,393
Other operating charges
-€960
Other operating items
-€70,176
Financial income
-€96,368
Financial charges
+€226,403
Taxes
+€55,288
Result 2025
-€25,768
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.5m
Investment
-€580,823
Financing
-€225,323
Cash 2024
€14,872
From operations (derived)
+€1.5m
Net result for the year
-€25,768
Depreciation
+€2.5m
Receivables after one year
-€6,524
Stocks and contracts
-€1.0m
Receivables within one year
+€129,593
Smaller working-capital items
+€3,650
Trade debts
+€203,698
Tax, wage and social debts
+€46,538
Other debts
-€293,579
Investment (derived)
-€580,823
Investment in fixed assets (net)
-€580,823
Financing
-€225,323
Debts after one year
-€2.1m
Current portion of long-term debt
-€1,693
Short-term financial debts
+€1.5m
Contributions, distributions and other
+€404,368
Cash 2025
€743,399
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,893,123 | €39,597,124 | -€295,999 | -0.7% |
| Fixed assets | 21/28 | €28,507,812 | €26,581,168 | -€1.9m | -6.8% |
| Intangible fixed assets | 21 | €42,775 | €15,783 | -€26,993 | -63.1% |
| Tangible fixed assets | 22/27 | €27,803,171 | €25,903,520 | -€1.9m | -6.8% |
| Land and buildings | 22 | €21,175,541 | €20,558,633 | -€616,908 | -2.9% |
| Plant, machinery and equipment | 23 | €321,164 | €331,341 | +€10,177 | +3.2% |
| Furniture and vehicles | 24 | €431,251 | €294,340 | -€136,912 | -31.7% |
| Leasing and similar rights | 25 | €5,875,215 | €4,719,206 | -€1.2m | -19.7% |
| Financial fixed assets | 28 | €661,866 | €661,866 | = | 0.0% |
| Affiliated companies | 280/1 | €335,000 | €335,000 | = | 0.0% |
| Participating interests | 280 | €335,000 | €335,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €326,866 | €326,866 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €326,866 | €326,866 | = | 0.0% |
| Current assets | 29/58 | €11,385,311 | €13,015,956 | +€1.6m | +14.3% |
| Amounts receivable after more than one year | 29 | €475,908 | €482,432 | +€6,524 | +1.4% |
| Trade receivables | 290 | €412,625 | €412,625 | = | 0.0% |
| Other amounts receivable | 291 | €63,283 | €69,807 | +€6,524 | +10.3% |
| Stocks and contracts in progress | 3 | €7,753,939 | €8,784,342 | +€1.0m | +13.3% |
| Stocks | 30/36 | €7,753,939 | €8,784,342 | +€1.0m | +13.3% |
| Goods purchased for resale | 34 | €7,753,939 | €8,784,342 | +€1.0m | +13.3% |
| Amounts receivable within one year | 40/41 | €3,067,053 | €2,937,460 | -€129,593 | -4.2% |
| Trade receivables | 40 | €1,136,726 | €569,863 | -€566,863 | -49.9% |
| Other amounts receivable | 41 | €1,930,328 | €2,367,598 | +€437,270 | +22.7% |
| Cash at bank and in hand | 54/58 | €14,872 | €743,399 | +€728,527 | +4,899% |
| Deferred charges and accrued income | 490/1 | €73,539 | €68,323 | -€5,216 | -7.1% |
| Total equity and liabilities | 10/49 | €39,893,123 | €39,597,124 | -€295,999 | -0.7% |
| Equity | 10/15 | €6,466,521 | €6,845,121 | +€378,600 | +5.9% |
| Contributions | 10/11 | €868,000 | €868,000 | = | 0.0% |
| Capital | 10 | €868,000 | €868,000 | = | 0.0% |
| Issued capital | 100 | €868,000 | €868,000 | = | 0.0% |
| Reserves | 13 | €3,454,139 | €3,445,674 | -€8,465 | -0.2% |
| Non-distributable reserves | 130/1 | €86,800 | €86,800 | = | 0.0% |
| Legal reserve | 130 | €86,800 | €86,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €202,339 | €193,874 | -€8,465 | -4.2% |
| Distributable reserves | 133 | €3,165,000 | €3,165,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,204,029 | €1,186,726 | -€17,303 | -1.4% |
| Investment grants | 15 | €940,354 | €1,344,722 | +€404,368 | +43.0% |
| Provisions and deferred taxes | 16 | €19,469 | €16,648 | -€2,822 | -14.5% |
| Deferred taxes | 168 | €19,469 | €16,648 | -€2,822 | -14.5% |
| Amounts payable | 17/49 | €33,407,132 | €32,735,355 | -€671,777 | -2.0% |
| Amounts payable after more than one year | 17 | €21,020,326 | €18,928,833 | -€2.1m | -9.9% |
| Financial debts | 170/4 | €15,349,126 | €13,592,633 | -€1.8m | -11.4% |
| Subordinated loans | 170 | €876,042 | €735,209 | -€140,833 | -16.1% |
| Leasing and similar obligations | 172 | €4,724,607 | €3,871,802 | -€852,805 | -18.1% |
| Credit institutions | 173 | €9,348,477 | €8,635,623 | -€712,854 | -7.6% |
| Other loans | 174 | €400,000 | €350,000 | -€50,000 | -12.5% |
| Other amounts payable | 178/9 | €5,671,200 | €5,336,200 | -€335,000 | -5.9% |
| Amounts payable within one year | 42/48 | €12,383,557 | €13,802,017 | +€1.4m | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €1,846,021 | €1,844,328 | -€1,693 | -0.1% |
| Financial debts | 43 | €6,536,505 | €8,000,000 | +€1.5m | +22.4% |
| Credit institutions | 430/8 | €6,536,505 | €8,000,000 | +€1.5m | +22.4% |
| Trade debts | 44 | €3,323,220 | €3,526,918 | +€203,698 | +6.1% |
| Suppliers | 440/4 | €3,323,220 | €3,526,918 | +€203,698 | +6.1% |
| Taxes, remuneration and social security | 45 | €183,409 | €229,948 | +€46,538 | +25.4% |
| Taxes | 450/3 | €11,842 | €28,301 | +€16,460 | +139% |
| Remuneration and social security | 454/9 | €171,568 | €201,646 | +€30,079 | +17.5% |
| Other amounts payable | 47/48 | €494,402 | €200,823 | -€293,579 | -59.4% |
| Accrued charges and deferred income | 492/3 | €3,249 | €4,504 | +€1,255 | +38.6% |
| Operating income | 70/76A | €14,500,629 | €16,394,271 | +€1.9m | +13.1% |
| Turnover | 70 | €14,330,148 | €16,347,897 | +€2.0m | +14.1% |
| Other operating income | 74 | €28,265 | €46,374 | +€18,108 | +64.1% |
| Non-recurring operating income | 76A | €142,215 | - | -€142,215 | |
| Operating charges | 60/66A | €14,150,139 | €15,871,437 | +€1.7m | +12.2% |
| Goods for resale, raw materials and consumables | 60 | €8,418,602 | €9,188,349 | +€769,747 | +9.1% |
| Purchases | 600/8 | €10,632,550 | €10,221,003 | -€411,547 | -3.9% |
| Change in stocks: decrease (increase) | 609 | -€2,213,949 | -€1,032,654 | +€1.2m | +53.4% |
| Services and other goods | 61 | €2,389,077 | €2,102,947 | -€286,130 | -12.0% |
| Remuneration, social security and pensions | 62 | €1,737,249 | €1,947,526 | +€210,277 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,293,591 | €2,507,468 | +€1.2m | +93.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €117,644 | €2,251 | -€115,393 | -98.1% |
| Other operating charges | 640/8 | €99,937 | €100,897 | +€960 | +1.0% |
| Non-recurring operating charges | 66A | €94,039 | €22,000 | -€72,039 | -76.6% |
| Operating profit (loss) | 9901 | €350,490 | €522,834 | +€172,344 | +49.2% |
| Financial income | 75/76B | €239,005 | €142,636 | -€96,368 | -40.3% |
| Recurring financial income | 75 | €239,005 | €142,636 | -€96,368 | -40.3% |
| Income from current assets | 751 | €6,524 | €6,524 | = | 0.0% |
| Other financial income | 752/9 | €232,481 | €136,112 | -€96,368 | -41.5% |
| Financial charges | 65/66B | €919,774 | €693,370 | -€226,403 | -24.6% |
| Recurring financial charges | 65 | €919,774 | €693,370 | -€226,403 | -24.6% |
| Debt charges | 650 | €901,095 | €674,498 | -€226,596 | -25.1% |
| Other financial charges | 652/9 | €18,679 | €18,872 | +€193 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€330,279 | -€27,900 | +€302,379 | +91.6% |
| Transfer from deferred taxes | 780 | €2,822 | €2,822 | = | 0.0% |
| Income taxes | 67/77 | €55,977 | €689 | -€55,288 | -98.8% |
| Taxes | 670/3 | €55,977 | €689 | -€55,288 | -98.8% |
| Profit (loss) for the period | 9904 | -€383,435 | -€25,768 | +€357,667 | +93.3% |
| Transfer from tax-exempt reserves | 789 | €8,465 | €8,465 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€374,970 | -€17,303 | +€357,667 | +95.4% |
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 27 October 2026 via checked.be.