eightC: what changed
Two fiscal 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.
eightC
Largest movements
- Cash -€106,675
down €106,675 (-75.5%), from €141,206 to €34,531
mainly Current portion of long-term debt (-€317,266) and Receivables within one year (-€53,958)
- Receivables within one year +€53,958
up €53,958 (+2658.8%), from €2,029 to €55,988
of which Other amounts receivable: +€30,404
- Tangible fixed assets +€26,403
up €26,403 (+3.9%), from €682,777 to €709,180
of which Land and buildings: +€30,083
- Other debts +€343,885
up €343,885 (+2670.4%), from €12,878 to €356,763
- Current portion of long-term debt -€317,266
down €317,266 (-89.5%), from €354,666 to €37,400
- Reserves -€42,099
down €42,099 (-74.6%), from €56,463 to €14,365
- Trade debts -€11,461
down €11,461 (-77.3%), from €14,830 to €3,369
- Gross operating margin -€44,768
down €44,768 (-81.3%), from €55,050 to €10,282
- Depreciation +€16,750
up €16,750 (+362.3%), from €4,623 to €21,373
- Financial charges +€14,144
up €14,144 (+94.2%), from €15,009 to €29,153
- Taxes -€9,606
down €9,606 (-92.6%), from €10,375 to €769
- Staff costs -€771
down €771 (-100.0%), from €771 to €0
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.
Cash bridge derived
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 | €829,042 | €804,861 | -€24,181 | -2.9% |
| Fixed assets | 21/28 | €683,027 | €709,430 | +€26,403 | +3.9% |
| Tangible fixed assets | 22/27 | €682,777 | €709,180 | +€26,403 | +3.9% |
| Land and buildings | 22 | €659,692 | €689,774 | +€30,083 | +4.6% |
| Plant, machinery and equipment | 23 | €23,085 | €19,406 | -€3,680 | -15.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €146,015 | €95,431 | -€50,584 | -34.6% |
| Amounts receivable within one year | 40/41 | €2,029 | €55,988 | +€53,958 | +2658.8% |
| Trade receivables | 40 | €0 | €23,554 | +€23,554 | |
| Other amounts receivable | 41 | €2,029 | €32,434 | +€30,404 | +1498.2% |
| Cash at bank and in hand | 54/58 | €141,206 | €34,531 | -€106,675 | -75.5% |
| Deferred charges and accrued income | 490/1 | €2,780 | €4,912 | +€2,132 | +76.7% |
| Total equity and liabilities | 10/49 | €829,042 | €804,861 | -€24,181 | -2.9% |
| Equity | 10/15 | €59,463 | €17,365 | -€42,099 | -70.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €56,463 | €14,365 | -€42,099 | -74.6% |
| Distributable reserves | 133 | €56,463 | €14,365 | -€42,099 | -74.6% |
| Amounts payable | 17/49 | €769,579 | €787,496 | +€17,917 | +2.3% |
| Amounts payable after more than one year | 17 | €365,527 | €367,457 | +€1,930 | +0.5% |
| Financial debts | 170/4 | €365,527 | €367,457 | +€1,930 | +0.5% |
| Amounts payable within one year | 42/48 | €403,969 | €420,039 | +€16,071 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €354,666 | €37,400 | -€317,266 | -89.5% |
| Trade debts | 44 | €14,830 | €3,369 | -€11,461 | -77.3% |
| Suppliers | 440/4 | €14,830 | €3,369 | -€11,461 | -77.3% |
| Taxes, remuneration and social security | 45 | €21,595 | €22,508 | +€913 | +4.2% |
| Taxes | 450/3 | €21,595 | €22,508 | +€913 | +4.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,878 | €356,763 | +€343,885 | +2670.4% |
| Accrued charges and deferred income | 492/3 | €84 | €0 | -€84 | -100.0% |
| Non-recurring operating income | 76A | - | €32,500 | +€32,500 | |
| Remuneration, social security and pensions | 62 | €771 | €0 | -€771 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,623 | €21,373 | +€16,750 | +362.3% |
| Other operating charges | 640/8 | €1,419 | €1,349 | -€70 | -4.9% |
| Gross operating margin | 9900 | €55,050 | €10,282 | -€44,768 | -81.3% |
| Operating profit (loss) | 9901 | €48,236 | -€12,441 | -€60,677 | |
| Financial income | 75/76B | - | €263 | +€263 | |
| Recurring financial income | 75 | - | €263 | +€263 | |
| Financial charges | 65/66B | €15,009 | €29,153 | +€14,144 | +94.2% |
| Recurring financial charges | 65 | €15,009 | €29,153 | +€14,144 | +94.2% |
| Profit (loss) for the period before taxes | 9903 | €33,228 | -€41,330 | -€74,557 | |
| Income taxes | 67/77 | €10,375 | €769 | -€9,606 | -92.6% |
| Profit (loss) for the period | 9904 | €22,853 | -€42,099 | -€64,951 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,853 | -€42,099 | -€64,951 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.