EIKENAAR: 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.
EIKENAAR
Largest movements
- Stocks and contracts -€265,257
down €265,257 (-50.0%), from €530,602 to €265,345
of which Contracts in progress: -€332,945
- Tangible fixed assets -€90,115
down €90,115 (-11.1%), from €814,472 to €724,357
of which Plant, machinery and equipment: -€55,299
- Cash +€82,809
up €82,809 (+87.7%), from €94,427 to €177,236
mainly Short-term financial debts (+€451,269) and Stocks and contracts (+€265,257)
- Receivables after one year -€56,000
down €56,000 (-66.8%), from €83,800 to €27,800
- Deferred charges and accrued income -€27,471
down €27,471 (-41.5%), from €66,226 to €38,755
- Short-term financial debts +€451,269
up €451,269 (+626.6%), from €72,021 to €523,289
- Reserves -€334,588
down €334,588 (-86.5%), from €386,772 to €52,185
of which Distributable reserves: -€334,588
- Tax, wage and social debts -€148,220
down €148,220 (-77.7%), from €190,772 to €42,552
of which Taxes: -€120,245
- Provisions -€100,000
down €100,000 (-51.2%), from €195,219 to €95,219
- Debts after one year -€64,202
down €64,202 (-19.1%), from €336,696 to €272,494
- Gross operating margin -€628,328
down €628,328 (-56.8%), from €1.1m to €477,628
- Staff costs -€214,441
down €214,441 (-24.9%), from €860,105 to €645,664
- Taxes -€21,792
down €21,792 (-95.1%), from €22,905 to €1,113
- Depreciation -€21,068
down €21,068 (-17.8%), from €118,184 to €97,115
- Financial charges +€11,704
up €11,704 (+35.6%), from €32,843 to €44,546
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 | €2,348,057 | €2,011,858 | -€336,200 | -14.3% |
| Fixed assets | 21/28 | €971,846 | €880,591 | -€91,255 | -9.4% |
| Tangible fixed assets | 22/27 | €814,472 | €724,357 | -€90,115 | -11.1% |
| Land and buildings | 22 | €502,779 | €502,779 | = | 0.0% |
| Plant, machinery and equipment | 23 | €241,966 | €186,667 | -€55,299 | -22.9% |
| Furniture and vehicles | 24 | €67,120 | €34,911 | -€32,209 | -48.0% |
| Leasing and similar rights | 25 | €2,608 | - | -€2,608 | |
| Financial fixed assets | 28 | €157,375 | €156,235 | -€1,140 | -0.7% |
| Current assets | 29/58 | €1,376,211 | €1,131,267 | -€244,945 | -17.8% |
| Amounts receivable after more than one year | 29 | €83,800 | €27,800 | -€56,000 | -66.8% |
| Other amounts receivable | 291 | €83,800 | €27,800 | -€56,000 | -66.8% |
| Stocks and contracts in progress | 3 | €530,602 | €265,345 | -€265,257 | -50.0% |
| Stocks | 30/36 | €187,606 | €255,295 | +€67,688 | +36.1% |
| Contracts in progress | 37 | €342,995 | €10,050 | -€332,945 | -97.1% |
| Amounts receivable within one year | 40/41 | €601,156 | €622,130 | +€20,974 | +3.5% |
| Trade receivables | 40 | €540,728 | €601,560 | +€60,831 | +11.2% |
| Other amounts receivable | 41 | €60,428 | €20,571 | -€39,857 | -66.0% |
| Cash at bank and in hand | 54/58 | €94,427 | €177,236 | +€82,809 | +87.7% |
| Deferred charges and accrued income | 490/1 | €66,226 | €38,755 | -€27,471 | -41.5% |
| Total equity and liabilities | 10/49 | €2,348,057 | €2,011,858 | -€336,200 | -14.3% |
| Equity | 10/15 | €695,256 | €360,668 | -€334,588 | -48.1% |
| Contributions | 10/11 | €308,483 | €308,483 | = | 0.0% |
| Capital | 10 | €308,483 | €308,483 | = | 0.0% |
| Issued capital | 100 | €308,483 | €308,483 | = | 0.0% |
| Reserves | 13 | €386,772 | €52,185 | -€334,588 | -86.5% |
| Non-distributable reserves | 130/1 | €30,848 | €30,848 | = | 0.0% |
| Legal reserve | 130 | €30,848 | €30,848 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,244 | €9,244 | = | 0.0% |
| Distributable reserves | 133 | €346,680 | €12,092 | -€334,588 | -96.5% |
| Provisions and deferred taxes | 16 | €195,219 | €95,219 | -€100,000 | -51.2% |
| Provisions for liabilities and charges | 160/5 | €195,219 | €95,219 | -€100,000 | -51.2% |
| Pensions and similar obligations | 160 | €182,219 | €82,219 | -€100,000 | -54.9% |
| Other liabilities and charges | 164/5 | €13,000 | €13,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,457,583 | €1,555,971 | +€98,388 | +6.8% |
| Amounts payable after more than one year | 17 | €336,696 | €272,494 | -€64,202 | -19.1% |
| Financial debts | 170/4 | €336,696 | €272,494 | -€64,202 | -19.1% |
| Amounts payable within one year | 42/48 | €1,014,909 | €1,183,744 | +€168,836 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €91,191 | €63,468 | -€27,722 | -30.4% |
| Financial debts | 43 | €72,021 | €523,289 | +€451,269 | +626.6% |
| Credit institutions | 430/8 | €72,021 | €523,289 | +€451,269 | +626.6% |
| Trade debts | 44 | €594,441 | €535,756 | -€58,684 | -9.9% |
| Suppliers | 440/4 | €594,441 | €535,756 | -€58,684 | -9.9% |
| Taxes, remuneration and social security | 45 | €190,772 | €42,552 | -€148,220 | -77.7% |
| Taxes | 450/3 | €147,925 | €27,680 | -€120,245 | -81.3% |
| Remuneration and social security | 454/9 | €42,847 | €14,872 | -€27,975 | -65.3% |
| Other amounts payable | 47/48 | €66,485 | €18,679 | -€47,806 | -71.9% |
| Accrued charges and deferred income | 492/3 | €105,978 | €99,732 | -€6,245 | -5.9% |
| Non-recurring operating income | 76A | €6,500 | €11,500 | +€5,000 | +76.9% |
| Remuneration, social security and pensions | 62 | €860,105 | €645,664 | -€214,441 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,184 | €97,115 | -€21,068 | -17.8% |
| Other operating charges | 640/8 | €32,187 | €29,761 | -€2,426 | -7.5% |
| Gross operating margin | 9900 | €1,105,957 | €477,628 | -€628,328 | -56.8% |
| Operating profit (loss) | 9901 | €95,482 | -€294,912 | -€390,393 | |
| Financial income | 75/76B | €5,113 | €5,984 | +€871 | +17.0% |
| Recurring financial income | 75 | €5,113 | €5,984 | +€871 | +17.0% |
| Financial charges | 65/66B | €32,843 | €44,546 | +€11,704 | +35.6% |
| Recurring financial charges | 65 | €32,843 | €44,546 | +€11,704 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €67,752 | -€333,474 | -€401,226 | |
| Income taxes | 67/77 | €22,905 | €1,113 | -€21,792 | -95.1% |
| Profit (loss) for the period | 9904 | €44,846 | -€334,588 | -€379,434 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,846 | -€334,588 | -€379,434 |
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 12 October 2026 via checked.be.