EINDEPOELPIGS: 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.
EINDEPOELPIGS
Largest movements
- Stocks and contracts -€151,361
down €151,361 (-7.6%), from €2.0m to €1.8m
- Receivables within one year -€102,230
down €102,230 (-30.1%), from €339,434 to €237,205
of which Other amounts receivable: -€165,976
- Tangible fixed assets +€62,195
up €62,195 (+1.7%), from €3.6m to €3.6m
of which Land and buildings: +€179,115
- Debts after one year +€680,653
up €680,653 (+20.9%), from €3.3m to €3.9m
- Profit (loss) carried forward -€680,308
down €680,308, from €0 to -€680,308
- Trade debts -€240,127
down €240,127 (-21.0%), from €1.1m to €905,082
- Current portion of long-term debt +€60,941
up €60,941 (+19.0%), from €321,073 to €382,014
- Gross operating margin -€1.3m
down €1.3m, from €1.1m to -€165,398
- Taxes -€68,799
down €68,799 (-100%), from €68,799 to €0
- Depreciation +€68,730
up €68,730 (+26.6%), from €258,726 to €327,456
- Financial charges +€40,210
up €40,210 (+42.9%), from €93,719 to €133,929
- Other operating charges +€36,142
up €36,142 (+209%), from €17,301 to €53,442
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.
Derived cash bridge
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 | €5,942,215 | €5,744,533 | -€197,681 | -3.3% |
| Fixed assets | 21/28 | €3,569,380 | €3,630,004 | +€60,624 | +1.7% |
| Intangible fixed assets | 21 | €10,308 | €8,737 | -€1,571 | -15.2% |
| Tangible fixed assets | 22/27 | €3,559,072 | €3,621,267 | +€62,195 | +1.7% |
| Land and buildings | 22 | €2,726,313 | €2,905,428 | +€179,115 | +6.6% |
| Plant, machinery and equipment | 23 | €832,759 | €715,839 | -€116,920 | -14.0% |
| Current assets | 29/58 | €2,372,834 | €2,114,529 | -€258,305 | -10.9% |
| Stocks and contracts in progress | 3 | €1,996,199 | €1,844,838 | -€151,361 | -7.6% |
| Stocks | 30/36 | €1,996,199 | €1,844,838 | -€151,361 | -7.6% |
| Amounts receivable within one year | 40/41 | €339,434 | €237,205 | -€102,230 | -30.1% |
| Trade receivables | 40 | €139,314 | €203,060 | +€63,746 | +45.8% |
| Other amounts receivable | 41 | €200,120 | €34,145 | -€165,976 | -82.9% |
| Cash at bank and in hand | 54/58 | €30,226 | €17,616 | -€12,610 | -41.7% |
| Deferred charges and accrued income | 490/1 | €6,975 | €14,871 | +€7,896 | +113% |
| Total equity and liabilities | 10/49 | €5,942,215 | €5,744,533 | -€197,681 | -3.3% |
| Equity | 10/15 | €688,777 | €8,469 | -€680,308 | -98.8% |
| Contributions | 10/11 | €417,250 | €417,250 | = | 0.0% |
| Reserves | 13 | €271,527 | €271,527 | = | 0.0% |
| Distributable reserves | 133 | €271,527 | €271,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€680,308 | -€680,308 | |
| Amounts payable | 17/49 | €5,253,438 | €5,736,064 | +€482,627 | +9.2% |
| Amounts payable after more than one year | 17 | €3,256,440 | €3,937,093 | +€680,653 | +20.9% |
| Financial debts | 170/4 | €3,256,440 | €3,937,093 | +€680,653 | +20.9% |
| Amounts payable within one year | 42/48 | €1,995,247 | €1,797,221 | -€198,026 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €321,073 | €382,014 | +€60,941 | +19.0% |
| Trade debts | 44 | €1,145,208 | €905,082 | -€240,127 | -21.0% |
| Suppliers | 440/4 | €1,145,208 | €905,082 | -€240,127 | -21.0% |
| Taxes, remuneration and social security | 45 | €41,726 | €24,378 | -€17,349 | -41.6% |
| Taxes | 450/3 | €41,726 | €24,378 | -€17,349 | -41.6% |
| Other amounts payable | 47/48 | €487,239 | €485,748 | -€1,492 | -0.3% |
| Accrued charges and deferred income | 492/3 | €1,750 | €1,750 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258,726 | €327,456 | +€68,730 | +26.6% |
| Other operating charges | 640/8 | €17,301 | €53,442 | +€36,142 | +209% |
| Non-recurring operating charges | 66A | - | €82 | +€82 | |
| Gross operating margin | 9900 | €1,122,983 | -€165,398 | -€1.3m | |
| Operating profit (loss) | 9901 | €846,957 | -€546,379 | -€1.4m | |
| Financial income | 75/76B | €0 | €0 | -€0 | -60.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -60.0% |
| Financial charges | 65/66B | €93,719 | €133,929 | +€40,210 | +42.9% |
| Recurring financial charges | 65 | €93,719 | €133,929 | +€40,210 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €753,238 | -€680,308 | -€1.4m | |
| Income taxes | 67/77 | €68,799 | €0 | -€68,799 | -100% |
| Profit (loss) for the period | 9904 | €684,439 | -€680,308 | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €684,439 | -€680,308 | -€1.4m |
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 25 October 2026 via checked.be.