EIFFEL MANAGEMENT: what changed
EIFFEL MANAGEMENT
Largest movements
- Tangible fixed assets +€256,762
up €256,762 (+281%), from €91,442 to €348,203
of which Land and buildings: +€248,612
- Receivables within one year +€196,365
up €196,365 (+77.8%), from €252,513 to €448,878
of which Trade receivables: +€424,299
- Cash +€17,187
up €17,187 (+20.7%), from €82,978 to €100,165
mainly Net result for the year (+€440,158) and Debts after one year (+€287,836)
- Debts after one year +€287,836
up €287,836 (+265%), from €108,765 to €396,600
- Tax, wage and social debts +€167,938
up €167,938 (+8,213%), from €2,045 to €169,983
- Profit (loss) carried forward +€25,158
up €25,158 (+2,056%), from €1,224 to €26,381
- Other debts -€23,645
down €23,645 (-5.6%), from €425,110 to €401,466
- Current portion of long-term debt +€15,915
up €15,915 (+62.8%), from €25,350 to €41,265
- Gross operating margin +€430,220
up €430,220 (+177%), from €243,143 to €673,363
- Taxes +€104,777
up €104,777 (+202%), from €51,921 to €156,698
- Depreciation +€40,383
up €40,383 (+276%), from €14,612 to €54,995
- Financial charges +€8,274
up €8,274 (+102%), from €8,112 to €16,387
- Other operating charges -€7,947
down €7,947 (-56.8%), from €14,001 to €6,054
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 | €569,630 | €1,042,110 | +€472,480 | +82.9% |
| Fixed assets | 21/28 | €233,438 | €490,200 | +€256,762 | +110% |
| Tangible fixed assets | 22/27 | €91,442 | €348,203 | +€256,762 | +281% |
| Land and buildings | 22 | €40,244 | €288,855 | +€248,612 | +618% |
| Furniture and vehicles | 24 | €21,198 | €59,348 | +€38,150 | +180% |
| Assets under construction and advance payments | 27 | €30,000 | - | -€30,000 | |
| Financial fixed assets | 28 | €141,997 | €141,997 | = | 0.0% |
| Current assets | 29/58 | €336,192 | €551,910 | +€215,718 | +64.2% |
| Amounts receivable within one year | 40/41 | €252,513 | €448,878 | +€196,365 | +77.8% |
| Trade receivables | 40 | €1,500 | €425,799 | +€424,299 | +28,287% |
| Other amounts receivable | 41 | €251,013 | €23,079 | -€227,934 | -90.8% |
| Cash at bank and in hand | 54/58 | €82,978 | €100,165 | +€17,187 | +20.7% |
| Deferred charges and accrued income | 490/1 | €702 | €2,867 | +€2,166 | +309% |
| Total equity and liabilities | 10/49 | €569,630 | €1,042,110 | +€472,480 | +82.9% |
| Equity | 10/15 | €6,224 | €31,381 | +€25,158 | +404% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,224 | €26,381 | +€25,158 | +2,056% |
| Amounts payable | 17/49 | €563,407 | €1,010,729 | +€447,322 | +79.4% |
| Amounts payable after more than one year | 17 | €108,765 | €396,600 | +€287,836 | +265% |
| Financial debts | 170/4 | €108,765 | €396,600 | +€287,836 | +265% |
| Amounts payable within one year | 42/48 | €452,771 | €612,754 | +€159,983 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €25,350 | €41,265 | +€15,915 | +62.8% |
| Trade debts | 44 | €266 | €41 | -€225 | -84.8% |
| Suppliers | 440/4 | €266 | €41 | -€225 | -84.8% |
| Taxes, remuneration and social security | 45 | €2,045 | €169,983 | +€167,938 | +8,213% |
| Taxes | 450/3 | €2,045 | €169,983 | +€167,938 | +8,213% |
| Other amounts payable | 47/48 | €425,110 | €401,466 | -€23,645 | -5.6% |
| Accrued charges and deferred income | 492/3 | €1,871 | €1,375 | -€497 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,612 | €54,995 | +€40,383 | +276% |
| Other operating charges | 640/8 | €14,001 | €6,054 | -€7,947 | -56.8% |
| Non-recurring operating charges | 66A | - | €558 | +€558 | |
| Gross operating margin | 9900 | €243,143 | €673,363 | +€430,220 | +177% |
| Operating profit (loss) | 9901 | €214,530 | €611,756 | +€397,226 | +185% |
| Financial income | 75/76B | €7,934 | €1,486 | -€6,448 | -81.3% |
| Recurring financial income | 75 | €7,934 | €1,486 | -€6,448 | -81.3% |
| Financial charges | 65/66B | €8,112 | €16,387 | +€8,274 | +102% |
| Recurring financial charges | 65 | €8,112 | €16,387 | +€8,274 | +102% |
| Profit (loss) for the period before taxes | 9903 | €214,352 | €596,856 | +€382,504 | +178% |
| Income taxes | 67/77 | €51,921 | €156,698 | +€104,777 | +202% |
| Profit (loss) for the period | 9904 | €162,431 | €440,158 | +€277,727 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €162,431 | €440,158 | +€277,727 | +171% |
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 1 November 2026 via checked.be.