EIFEL PREMIUM CUT: 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.
EIFEL PREMIUM CUT
Largest movements
- Tangible fixed assets -€81,530
down €81,530 (-24.3%), from €335,965 to €254,435
of which Plant, machinery and equipment: -€66,527
- Formation expenses -€24,464
down €24,464 (-33.6%), from €72,822 to €48,358
- Stocks and contracts -€16,723
down €16,723 (-56.0%), from €29,863 to €13,140
- Receivables within one year -€4,620
down €4,620 (-29.1%), from €15,882 to €11,262
of which Trade receivables: -€3,762
- Profit (loss) carried forward -€197,172
down €197,172 (-60.2%), from -€327,614 to -€524,786
- Other debts +€117,800
up €117,800 (+36.4%), from €323,200 to €441,000
- Debts after one year -€32,709
down €32,709 (-20.5%), from €159,499 to €126,790
- Trade debts -€18,444
down €18,444 (-56.2%), from €32,806 to €14,362
- Tax, wage and social debts -€5,681
down €5,681 (-86.7%), from €6,555 to €874
- Gross operating margin -€22,769
down €22,769, from €1,996 to -€20,773
- Staff costs -€5,712
down €5,712 (-9.7%), from €58,756 to €53,043
- Depreciation +€1,682
up €1,682 (+1.6%), from €105,324 to €107,006
- Other operating charges -€828
down €828 (-56.3%), from €1,469 to €641
- Write-downs -€824
new in 2025: -€824
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 | €459,222 | €330,156 | -€129,066 | -28.1% |
| Formation expenses | 20 | €72,822 | €48,358 | -€24,464 | -33.6% |
| Fixed assets | 21/28 | €338,369 | €255,827 | -€82,542 | -24.4% |
| Intangible fixed assets | 21 | €2,404 | €1,392 | -€1,012 | -42.1% |
| Tangible fixed assets | 22/27 | €335,965 | €254,435 | -€81,530 | -24.3% |
| Plant, machinery and equipment | 23 | €294,079 | €227,553 | -€66,527 | -22.6% |
| Furniture and vehicles | 24 | €41,886 | €26,882 | -€15,003 | -35.8% |
| Current assets | 29/58 | €48,030 | €25,971 | -€22,060 | -45.9% |
| Stocks and contracts in progress | 3 | €29,863 | €13,140 | -€16,723 | -56.0% |
| Stocks | 30/36 | €29,863 | €13,140 | -€16,723 | -56.0% |
| Amounts receivable within one year | 40/41 | €15,882 | €11,262 | -€4,620 | -29.1% |
| Trade receivables | 40 | €14,631 | €10,870 | -€3,762 | -25.7% |
| Other amounts receivable | 41 | €1,251 | €392 | -€858 | -68.6% |
| Cash at bank and in hand | 54/58 | €1,745 | €161 | -€1,584 | -90.8% |
| Deferred charges and accrued income | 490/1 | €541 | €1,408 | +€867 | +160% |
| Total equity and liabilities | 10/49 | €459,222 | €330,156 | -€129,066 | -28.1% |
| Equity | 10/15 | -€202,614 | -€399,786 | -€197,172 | -97.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,614 | -€524,786 | -€197,172 | -60.2% |
| Amounts payable | 17/49 | €661,836 | €729,941 | +€68,105 | +10.3% |
| Amounts payable after more than one year | 17 | €159,499 | €126,790 | -€32,709 | -20.5% |
| Financial debts | 170/4 | €159,499 | €126,790 | -€32,709 | -20.5% |
| Amounts payable within one year | 42/48 | €494,256 | €589,805 | +€95,549 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €32,235 | €32,709 | +€474 | +1.5% |
| Financial debts | 43 | €98,911 | €100,577 | +€1,666 | +1.7% |
| Credit institutions | 430/8 | €98,911 | €100,577 | +€1,666 | +1.7% |
| Trade debts | 44 | €32,806 | €14,362 | -€18,444 | -56.2% |
| Suppliers | 440/4 | €32,806 | €14,362 | -€18,444 | -56.2% |
| Advances received on contracts in progress | 46 | €550 | €283 | -€267 | -48.6% |
| Taxes, remuneration and social security | 45 | €6,555 | €874 | -€5,681 | -86.7% |
| Remuneration and social security | 454/9 | €6,555 | €874 | -€5,681 | -86.7% |
| Other amounts payable | 47/48 | €323,200 | €441,000 | +€117,800 | +36.4% |
| Accrued charges and deferred income | 492/3 | €8,081 | €13,346 | +€5,265 | +65.2% |
| Remuneration, social security and pensions | 62 | €58,756 | €53,043 | -€5,712 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,324 | €107,006 | +€1,682 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€824 | -€824 | |
| Other operating charges | 640/8 | €1,469 | €641 | -€828 | -56.3% |
| Gross operating margin | 9900 | €1,996 | -€20,773 | -€22,769 | |
| Operating profit (loss) | 9901 | -€163,553 | -€180,641 | -€17,088 | -10.4% |
| Financial income | 75/76B | €180 | €0 | -€180 | -100.0% |
| Recurring financial income | 75 | €180 | €0 | -€180 | -100.0% |
| Financial charges | 65/66B | €17,040 | €16,531 | -€509 | -3.0% |
| Recurring financial charges | 65 | €17,040 | €16,531 | -€509 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€180,412 | -€197,172 | -€16,759 | -9.3% |
| Profit (loss) for the period | 9904 | -€180,412 | -€197,172 | -€16,759 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€180,412 | -€197,172 | -€16,759 | -9.3% |
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 29 October 2026 via checked.be.