EIGHT 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.
EIGHT MANAGEMENT
Largest movements
- Cash +€67,351
up €67,351 (+46.2%), from €145,777 to €213,128
mainly Net result for the year (+€58,375) and Tax, wage and social debts (+€11,996)
- Tangible fixed assets -€4,491
down €4,491 (-24.2%), from €18,579 to €14,088
of which Plant, machinery and equipment: -€3,300
- Reserves +€58,375
up €58,375 (+53.6%), from €108,926 to €167,301
of which Distributable reserves: +€58,375
- Tax, wage and social debts +€11,996
up €11,996 (+116%), from €10,335 to €22,332
- Other debts -€6,253
down €6,253 (-62.2%), from €10,054 to €3,801
- Financial income +€39,869
up €39,869 (+5,234%), from €762 to €40,631
- Gross operating margin -€5,531
down €5,531 (-13.6%), from €40,596 to €35,065
- Taxes -€4,202
down €4,202 (-25.1%), from €16,735 to €12,533
- Depreciation +€419
up €419 (+10.3%), from €4,072 to €4,491
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 | €209,453 | €272,298 | +€62,846 | +30.0% |
| Fixed assets | 21/28 | €58,579 | €54,088 | -€4,491 | -7.7% |
| Tangible fixed assets | 22/27 | €18,579 | €14,088 | -€4,491 | -24.2% |
| Plant, machinery and equipment | 23 | €16,057 | €12,757 | -€3,300 | -20.6% |
| Furniture and vehicles | 24 | €2,522 | €1,331 | -€1,191 | -47.2% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €150,874 | €218,210 | +€67,336 | +44.6% |
| Amounts receivable within one year | 40/41 | €5,097 | €5,082 | -€15 | -0.3% |
| Trade receivables | 40 | €3,178 | €3,178 | = | 0.0% |
| Other amounts receivable | 41 | €1,919 | €1,904 | -€15 | -0.8% |
| Cash at bank and in hand | 54/58 | €145,777 | €213,128 | +€67,351 | +46.2% |
| Total equity and liabilities | 10/49 | €209,453 | €272,298 | +€62,846 | +30.0% |
| Equity | 10/15 | €184,778 | €243,153 | +€58,375 | +31.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,926 | €167,301 | +€58,375 | +53.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €107,066 | €165,441 | +€58,375 | +54.5% |
| Profit (loss) carried forward | 14 | €69,652 | €69,652 | = | 0.0% |
| Amounts payable | 17/49 | €24,675 | €29,146 | +€4,471 | +18.1% |
| Amounts payable within one year | 42/48 | €24,675 | €29,146 | +€4,471 | +18.1% |
| Trade debts | 44 | €4,285 | €3,013 | -€1,272 | -29.7% |
| Suppliers | 440/4 | €4,285 | €3,013 | -€1,272 | -29.7% |
| Taxes, remuneration and social security | 45 | €10,335 | €22,332 | +€11,996 | +116% |
| Taxes | 450/3 | €10,335 | €22,332 | +€11,996 | +116% |
| Other amounts payable | 47/48 | €10,054 | €3,801 | -€6,253 | -62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,072 | €4,491 | +€419 | +10.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €40,596 | €35,065 | -€5,531 | -13.6% |
| Operating profit (loss) | 9901 | €36,406 | €30,454 | -€5,952 | -16.3% |
| Financial income | 75/76B | €762 | €40,631 | +€39,869 | +5,234% |
| Recurring financial income | 75 | €762 | €40,631 | +€39,869 | +5,234% |
| Financial charges | 65/66B | €235 | €177 | -€57 | -24.4% |
| Recurring financial charges | 65 | €235 | €177 | -€57 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €36,933 | €70,907 | +€33,974 | +92.0% |
| Income taxes | 67/77 | €16,735 | €12,533 | -€4,202 | -25.1% |
| Profit (loss) for the period | 9904 | €20,198 | €58,375 | +€38,176 | +189% |
| Profit (loss) for the period to be appropriated | 9905 | €20,198 | €58,375 | +€38,176 | +189% |
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 18 October 2026 via checked.be.