EIKEN PROJECT: 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.
EIKEN PROJECT
Largest movements
- Tangible fixed assets +€112,943
up €112,943 (+498.5%), from €22,655 to €135,597
of which Other tangible fixed assets: +€117,473
- Cash -€49,745
down €49,745 (-76.8%), from €64,752 to €15,007
mainly Investment in fixed assets (net) (-€112,495) and Tax, wage and social debts (-€12,194)
- Financial fixed assets -€9,000
down €9,000 (-81.8%), from €11,000 to €2,000
- Receivables within one year +€3,641
up €3,641 (+20.0%), from €18,235 to €21,876
of which Trade receivables: +€13,666
- Deferred charges and accrued income -€2,803
down €2,803 (-27.5%), from €10,177 to €7,374
- Other debts +€43,607
up €43,607 (+121.1%), from €36,000 to €79,607
- Profit (loss) carried forward +€13,193
up €13,193 (+61.9%), from €21,315 to €34,508
- Tax, wage and social debts -€12,194
down €12,194 (-31.9%), from €38,255 to €26,062
of which Taxes: -€11,523
- Trade debts +€10,429
up €10,429 (+96.7%), from €10,789 to €21,218
- Staff costs +€5,345
up €5,345 (+12.2%), from €43,634 to €48,978
- Taxes -€4,323
down €4,323 (-76.6%), from €5,646 to €1,322
- Gross operating margin +€1,894
up €1,894 (+2.7%), from €71,080 to €72,974
- Depreciation +€1,877
up €1,877 (+28.1%), from €6,675 to €8,552
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 | €126,819 | €181,855 | +€55,036 | +43.4% |
| Fixed assets | 21/28 | €33,655 | €137,597 | +€103,943 | +308.9% |
| Tangible fixed assets | 22/27 | €22,655 | €135,597 | +€112,943 | +498.5% |
| Plant, machinery and equipment | 23 | €6,424 | €2,061 | -€4,363 | -67.9% |
| Furniture and vehicles | 24 | €335 | €167 | -€167 | -50.0% |
| Other tangible fixed assets | 26 | €15,896 | €133,369 | +€117,473 | +739.0% |
| Financial fixed assets | 28 | €11,000 | €2,000 | -€9,000 | -81.8% |
| Current assets | 29/58 | €93,164 | €44,258 | -€48,907 | -52.5% |
| Amounts receivable within one year | 40/41 | €18,235 | €21,876 | +€3,641 | +20.0% |
| Trade receivables | 40 | €8,201 | €21,868 | +€13,666 | +166.6% |
| Other amounts receivable | 41 | €10,034 | €9 | -€10,025 | -99.9% |
| Cash at bank and in hand | 54/58 | €64,752 | €15,007 | -€49,745 | -76.8% |
| Deferred charges and accrued income | 490/1 | €10,177 | €7,374 | -€2,803 | -27.5% |
| Total equity and liabilities | 10/49 | €126,819 | €181,855 | +€55,036 | +43.4% |
| Equity | 10/15 | €41,775 | €54,968 | +€13,193 | +31.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,315 | €34,508 | +€13,193 | +61.9% |
| Amounts payable | 17/49 | €85,044 | €126,887 | +€41,843 | +49.2% |
| Amounts payable within one year | 42/48 | €85,044 | €126,887 | +€41,843 | +49.2% |
| Trade debts | 44 | €10,789 | €21,218 | +€10,429 | +96.7% |
| Suppliers | 440/4 | €10,789 | €21,218 | +€10,429 | +96.7% |
| Taxes, remuneration and social security | 45 | €38,255 | €26,062 | -€12,194 | -31.9% |
| Taxes | 450/3 | €26,194 | €14,671 | -€11,523 | -44.0% |
| Remuneration and social security | 454/9 | €12,061 | €11,390 | -€671 | -5.6% |
| Other amounts payable | 47/48 | €36,000 | €79,607 | +€43,607 | +121.1% |
| Remuneration, social security and pensions | 62 | €43,634 | €48,978 | +€5,345 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,675 | €8,552 | +€1,877 | +28.1% |
| Other operating charges | 640/8 | €1,207 | €1,814 | +€607 | +50.3% |
| Gross operating margin | 9900 | €71,080 | €72,974 | +€1,894 | +2.7% |
| Operating profit (loss) | 9901 | €19,564 | €13,630 | -€5,934 | -30.3% |
| Financial income | 75/76B | €856 | €1,552 | +€696 | +81.3% |
| Recurring financial income | 75 | €856 | €1,552 | +€696 | +81.3% |
| Financial charges | 65/66B | €995 | €667 | -€329 | -33.0% |
| Recurring financial charges | 65 | €995 | €667 | -€329 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €19,425 | €14,515 | -€4,910 | -25.3% |
| Income taxes | 67/77 | €5,646 | €1,322 | -€4,323 | -76.6% |
| Profit (loss) for the period | 9904 | €13,779 | €13,193 | -€586 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,779 | €13,193 | -€586 | -4.3% |
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 10 October 2026 via checked.be.