Eilahtan Research: what changed
Eilahtan Research
Largest movements
- Cash -€222,224
down €222,224 (-76.2%), from €291,475 to €69,251
mainly Other debts (-€159,874) and Contributions, distributions and other (-€40,000)
- Tangible fixed assets -€13,278
down €13,278 (-23.7%), from €55,978 to €42,700
of which Furniture and vehicles: -€12,826
- Deferred charges and accrued income -€4,213
down €4,213 (-74.6%), from €5,645 to €1,432
- Other debts -€159,874
down €159,874 (-77.5%), from €206,279 to €46,405
- Profit (loss) carried forward -€77,949
down €77,949 (-62.3%), from €125,043 to €47,094
- Tax, wage and social debts -€4,269
down €4,269 (-100%), from €4,269 to €0
- Gross operating margin -€58,864
down €58,864, from €34,437 to -€24,427
- Depreciation +€5,585
up €5,585 (+72.6%), from €7,694 to €13,278
- Taxes -€4,811
down €4,811 (-96.7%), from €4,976 to €165
- Financial income +€980
up €980, from €0 to €980
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €355,691 | €114,706 | -€240,985 | -67.8% |
| Fixed assets | 21/28 | €55,978 | €42,700 | -€13,278 | -23.7% |
| Tangible fixed assets | 22/27 | €55,978 | €42,700 | -€13,278 | -23.7% |
| Land and buildings | 22 | €2,930 | €2,477 | -€453 | -15.4% |
| Furniture and vehicles | 24 | €53,048 | €40,222 | -€12,826 | -24.2% |
| Current assets | 29/58 | €299,713 | €72,006 | -€227,707 | -76.0% |
| Amounts receivable within one year | 40/41 | €2,594 | €1,323 | -€1,270 | -49.0% |
| Trade receivables | 40 | €0 | €19 | +€19 | |
| Other amounts receivable | 41 | €2,594 | €1,305 | -€1,289 | -49.7% |
| Cash at bank and in hand | 54/58 | €291,475 | €69,251 | -€222,224 | -76.2% |
| Deferred charges and accrued income | 490/1 | €5,645 | €1,432 | -€4,213 | -74.6% |
| Total equity and liabilities | 10/49 | €355,691 | €114,706 | -€240,985 | -67.8% |
| Equity | 10/15 | €145,043 | €67,094 | -€77,949 | -53.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,043 | €47,094 | -€77,949 | -62.3% |
| Amounts payable | 17/49 | €210,649 | €47,612 | -€163,036 | -77.4% |
| Amounts payable within one year | 42/48 | €210,649 | €47,612 | -€163,036 | -77.4% |
| Trade debts | 44 | €101 | €1,208 | +€1,107 | +1,098% |
| Suppliers | 440/4 | €101 | €1,208 | +€1,107 | +1,098% |
| Taxes, remuneration and social security | 45 | €4,269 | €0 | -€4,269 | -100% |
| Taxes | 450/3 | €4,269 | €0 | -€4,269 | -100% |
| Other amounts payable | 47/48 | €206,279 | €46,405 | -€159,874 | -77.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €9,050 | €0 | -€9,050 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,694 | €13,278 | +€5,585 | +72.6% |
| Other operating charges | 640/8 | €569 | €643 | +€74 | +13.1% |
| Gross operating margin | 9900 | €34,437 | -€24,427 | -€58,864 | |
| Operating profit (loss) | 9901 | €26,174 | -€38,349 | -€64,523 | |
| Financial income | 75/76B | €0 | €980 | +€980 | |
| Recurring financial income | 75 | €0 | €980 | +€980 | |
| Financial charges | 65/66B | €274 | €415 | +€141 | +51.7% |
| Recurring financial charges | 65 | €274 | €415 | +€141 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | €25,900 | -€37,784 | -€63,684 | |
| Income taxes | 67/77 | €4,976 | €165 | -€4,811 | -96.7% |
| Profit (loss) for the period | 9904 | €20,924 | -€37,949 | -€58,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,924 | -€37,949 | -€58,873 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.