EigenaarsNet.: what changed
EigenaarsNet.
Largest movements
- Current investments +€75,430
new in 2025: €75,430
- Cash -€56,046
down €56,046 (-85.1%), from €65,884 to €9,838
mainly Current investments (-€75,430) and Investment in fixed assets (net) (-€67,248)
- Receivables within one year -€51,667
down €51,667 (-86.5%), from €59,718 to €8,051
of which Other amounts receivable: -€55,580
- Tangible fixed assets +€33,523
up €33,523 (+378%), from €8,860 to €42,383
of which Furniture and vehicles: +€31,889
- Formation expenses +€23,058
up €23,058 (+586%), from €3,936 to €26,995
- Profit (loss) carried forward +€57,178
up €57,178 (+91.6%), from €62,390 to €119,568
- Trade debts -€56,742
down €56,742 (-71.4%), from €79,429 to €22,686
- Tax, wage and social debts +€16,136
up €16,136 (+89.4%), from €18,057 to €34,192
of which Remuneration and social security: +€13,898
- Debts after one year +€12,944
up €12,944, from €0 to €12,944
- Current portion of long-term debt +€4,128
up €4,128 (+71.6%), from €5,768 to €9,896
- Gross operating margin +€166,119
up €166,119 (+90.8%), from €182,991 to €349,110
- Staff costs +€107,566
up €107,566 (+89.1%), from €120,732 to €228,298
- Depreciation -€7,402
down €7,402 (-32.4%), from €22,861 to €15,459
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 | €165,644 | €199,286 | +€33,642 | +20.3% |
| Formation expenses | 20 | €3,936 | €26,995 | +€23,058 | +586% |
| Fixed assets | 21/28 | €33,200 | €61,931 | +€28,730 | +86.5% |
| Intangible fixed assets | 21 | €15,250 | €8,699 | -€6,551 | -43.0% |
| Tangible fixed assets | 22/27 | €8,860 | €42,383 | +€33,523 | +378% |
| Land and buildings | 22 | €3,651 | €2,800 | -€851 | -23.3% |
| Plant, machinery and equipment | 23 | - | €2,486 | +€2,486 | |
| Furniture and vehicles | 24 | €5,209 | €37,098 | +€31,889 | +612% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €9,090 | €10,849 | +€1,759 | +19.3% |
| Current assets | 29/58 | €128,507 | €110,360 | -€18,147 | -14.1% |
| Amounts receivable within one year | 40/41 | €59,718 | €8,051 | -€51,667 | -86.5% |
| Trade receivables | 40 | €4,138 | €8,051 | +€3,913 | +94.6% |
| Other amounts receivable | 41 | €55,580 | €0 | -€55,580 | -100% |
| Current investments | 50/53 | - | €75,430 | +€75,430 | |
| Cash at bank and in hand | 54/58 | €65,884 | €9,838 | -€56,046 | -85.1% |
| Deferred charges and accrued income | 490/1 | €2,905 | €17,041 | +€14,136 | +487% |
| Total equity and liabilities | 10/49 | €165,644 | €199,286 | +€33,642 | +20.3% |
| Equity | 10/15 | €62,390 | €119,568 | +€57,178 | +91.6% |
| Profit (loss) carried forward | 14 | €62,390 | €119,568 | +€57,178 | +91.6% |
| Amounts payable | 17/49 | €103,253 | €79,718 | -€23,536 | -22.8% |
| Amounts payable after more than one year | 17 | €0 | €12,944 | +€12,944 | |
| Financial debts | 170/4 | €0 | €12,944 | +€12,944 | |
| Amounts payable within one year | 42/48 | €103,253 | €66,774 | -€36,479 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €5,768 | €9,896 | +€4,128 | +71.6% |
| Trade debts | 44 | €79,429 | €22,686 | -€56,742 | -71.4% |
| Suppliers | 440/4 | €79,429 | €22,686 | -€56,742 | -71.4% |
| Taxes, remuneration and social security | 45 | €18,057 | €34,192 | +€16,136 | +89.4% |
| Taxes | 450/3 | €3,038 | €5,276 | +€2,238 | +73.7% |
| Remuneration and social security | 454/9 | €15,019 | €28,916 | +€13,898 | +92.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €120,732 | €228,298 | +€107,566 | +89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,861 | €15,459 | -€7,402 | -32.4% |
| Other operating charges | 640/8 | €1,952 | €645 | -€1,307 | -67.0% |
| Non-recurring operating charges | 66A | €0 | €44,877 | +€44,877 | |
| Gross operating margin | 9900 | €182,991 | €349,110 | +€166,119 | +90.8% |
| Operating profit (loss) | 9901 | €37,447 | €59,830 | +€22,384 | +59.8% |
| Financial income | 75/76B | €0 | €513 | +€513 | |
| Recurring financial income | 75 | €0 | €513 | +€513 | |
| Financial charges | 65/66B | €1,309 | €3,166 | +€1,857 | +142% |
| Recurring financial charges | 65 | €1,309 | €3,166 | +€1,857 | +142% |
| Profit (loss) for the period before taxes | 9903 | €36,138 | €57,178 | +€21,040 | +58.2% |
| Profit (loss) for the period | 9904 | €36,138 | €57,178 | +€21,040 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,138 | €57,178 | +€21,040 | +58.2% |
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 6 November 2026 via checked.be.