eikan: 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.
eikan
Largest movements
- Tangible fixed assets +€168,942
up €168,942 (+28.6%), from €591,019 to €759,960
of which Land and buildings: +€174,722
- Receivables within one year -€24,047
down €24,047 (-49.6%), from €48,487 to €24,440
of which Trade receivables: -€36,361
- Cash -€10,252
no longer reported in 2025 (was €10,252)
mainly Investment in fixed assets (net) (-€200,108) and Net result for the year (-€13,137)
- Debts after one year +€137,226
up €137,226 (+29.9%), from €459,541 to €596,766
- Profit (loss) carried forward -€13,137
down €13,137, from €0 to -€13,137
- Gross operating margin -€65,678
down €65,678 (-56.2%), from €116,946 to €51,268
- Taxes -€11,729
down €11,729 (-97.7%), from €12,010 to €282
- Financial charges -€2,711
down €2,711 (-10.0%), from €27,074 to €24,363
- Other operating charges +€2,211
up €2,211 (+33.2%), from €6,668 to €8,879
- Depreciation -€1,429
down €1,429 (-4.4%), from €32,596 to €31,166
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 | €662,840 | €797,206 | +€134,366 | +20.3% |
| Fixed assets | 21/28 | €591,019 | €759,960 | +€168,942 | +28.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €591,019 | €759,960 | +€168,942 | +28.6% |
| Land and buildings | 22 | €576,328 | €751,050 | +€174,722 | +30.3% |
| Furniture and vehicles | 24 | €14,691 | €8,911 | -€5,780 | -39.3% |
| Current assets | 29/58 | €71,821 | €37,246 | -€34,576 | -48.1% |
| Amounts receivable within one year | 40/41 | €48,487 | €24,440 | -€24,047 | -49.6% |
| Trade receivables | 40 | €48,487 | €12,126 | -€36,361 | -75.0% |
| Other amounts receivable | 41 | - | €12,314 | +€12,314 | |
| Cash at bank and in hand | 54/58 | €10,252 | - | -€10,252 | |
| Deferred charges and accrued income | 490/1 | €13,082 | €12,806 | -€276 | -2.1% |
| Total equity and liabilities | 10/49 | €662,840 | €797,206 | +€134,366 | +20.3% |
| Equity | 10/15 | €112,769 | €99,632 | -€13,137 | -11.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €100,369 | €100,369 | = | 0.0% |
| Distributable reserves | 133 | €100,369 | €100,369 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€13,137 | -€13,137 | |
| Amounts payable | 17/49 | €550,071 | €697,574 | +€147,504 | +26.8% |
| Amounts payable after more than one year | 17 | €459,541 | €596,766 | +€137,226 | +29.9% |
| Financial debts | 170/4 | €459,541 | €596,766 | +€137,226 | +29.9% |
| Amounts payable within one year | 42/48 | €90,530 | €99,381 | +€8,851 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €63,399 | €70,046 | +€6,647 | +10.5% |
| Financial debts | 43 | - | €6,287 | +€6,287 | |
| Credit institutions | 430/8 | - | €6,287 | +€6,287 | |
| Trade debts | 44 | €3,088 | €3,075 | -€13 | -0.4% |
| Suppliers | 440/4 | €3,088 | €3,075 | -€13 | -0.4% |
| Taxes, remuneration and social security | 45 | €19,294 | €18,923 | -€372 | -1.9% |
| Taxes | 450/3 | €16,294 | €16,923 | +€628 | +3.9% |
| Remuneration and social security | 454/9 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Other amounts payable | 47/48 | €4,748 | €1,050 | -€3,698 | -77.9% |
| Accrued charges and deferred income | 492/3 | - | €1,427 | +€1,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,596 | €31,166 | -€1,429 | -4.4% |
| Other operating charges | 640/8 | €6,668 | €8,879 | +€2,211 | +33.2% |
| Gross operating margin | 9900 | €116,946 | €51,268 | -€65,678 | -56.2% |
| Operating profit (loss) | 9901 | €77,683 | €11,223 | -€66,460 | -85.6% |
| Financial income | 75/76B | €1,013 | €284 | -€729 | -72.0% |
| Recurring financial income | 75 | €1,013 | €284 | -€729 | -72.0% |
| Financial charges | 65/66B | €27,074 | €24,363 | -€2,711 | -10.0% |
| Recurring financial charges | 65 | €27,074 | €24,363 | -€2,711 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €51,623 | -€12,856 | -€64,478 | |
| Income taxes | 67/77 | €12,010 | €282 | -€11,729 | -97.7% |
| Profit (loss) for the period | 9904 | €39,612 | -€13,137 | -€52,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,612 | -€13,137 | -€52,750 |
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 3 October 2026 via checked.be.