EISEN: 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.
EISEN
Largest movements
- Tangible fixed assets -€288,763
down €288,763 (-25.7%), from €1.1m to €832,728
of which Land and buildings: -€284,119
- Cash +€96,582
up €96,582 (+907.3%), from €10,644 to €107,227
mainly Investment in fixed assets (net) (+€243,704) and Net result for the year (+€94,813)
- Receivables within one year +€20,056
up €20,056 (+8.3%), from €241,335 to €261,391
- Debts after one year -€324,836
down €324,836 (-43.8%), from €742,238 to €417,401
- Profit (loss) carried forward +€94,813
up €94,813 (+48.1%), from -€197,180 to -€102,368
- Tax, wage and social debts +€37,155
up €37,155 (+403.0%), from €9,220 to €46,376
- Other debts +€21,709
up €21,709 (+6.3%), from €345,764 to €367,473
- Gross operating margin +€202,817
up €202,817 (+401.9%), from €50,467 to €253,284
- Taxes +€45,112
up €45,112 (+3435.4%), from €1,313 to €46,426
- Other operating charges +€28,732
up €28,732 (+2891.9%), from €994 to €29,726
- Financial income -€11,112
down €11,112 (-96.8%), from €11,474 to €362
- Depreciation -€4,245
down €4,245 (-8.6%), from €49,303 to €45,059
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 | €1,744,365 | €1,572,240 | -€172,125 | -9.9% |
| Fixed assets | 21/28 | €1,492,385 | €1,203,622 | -€288,763 | -19.3% |
| Tangible fixed assets | 22/27 | €1,121,491 | €832,728 | -€288,763 | -25.7% |
| Land and buildings | 22 | €1,109,826 | €825,706 | -€284,119 | -25.6% |
| Furniture and vehicles | 24 | €11,665 | €7,022 | -€4,643 | -39.8% |
| Financial fixed assets | 28 | €370,894 | €370,894 | = | 0.0% |
| Current assets | 29/58 | €251,980 | €368,618 | +€116,638 | +46.3% |
| Amounts receivable within one year | 40/41 | €241,335 | €261,391 | +€20,056 | +8.3% |
| Other amounts receivable | 41 | €241,335 | €261,391 | +€20,056 | +8.3% |
| Cash at bank and in hand | 54/58 | €10,644 | €107,227 | +€96,582 | +907.3% |
| Total equity and liabilities | 10/49 | €1,744,365 | €1,572,240 | -€172,125 | -9.9% |
| Equity | 10/15 | €584,320 | €679,132 | +€94,813 | +16.2% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Capital | 10 | €280,000 | €280,000 | = | 0.0% |
| Issued capital | 100 | €280,000 | €280,000 | = | 0.0% |
| Revaluation surpluses | 12 | €339,500 | €324,500 | -€15,000 | -4.4% |
| Reserves | 13 | €162,000 | €177,000 | +€15,000 | +9.3% |
| Distributable reserves | 133 | €162,000 | €177,000 | +€15,000 | +9.3% |
| Profit (loss) carried forward | 14 | -€197,180 | -€102,368 | +€94,813 | +48.1% |
| Amounts payable | 17/49 | €1,160,045 | €893,108 | -€266,937 | -23.0% |
| Amounts payable after more than one year | 17 | €742,238 | €417,401 | -€324,836 | -43.8% |
| Financial debts | 170/4 | €742,238 | €417,401 | -€324,836 | -43.8% |
| Amounts payable within one year | 42/48 | €417,807 | €475,706 | +€57,899 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €61,284 | €61,694 | +€410 | +0.7% |
| Trade debts | 44 | €1,540 | €164 | -€1,376 | -89.3% |
| Suppliers | 440/4 | €1,540 | €164 | -€1,376 | -89.3% |
| Taxes, remuneration and social security | 45 | €9,220 | €46,376 | +€37,155 | +403.0% |
| Taxes | 450/3 | €9,220 | €46,376 | +€37,155 | +403.0% |
| Other amounts payable | 47/48 | €345,764 | €367,473 | +€21,709 | +6.3% |
| Non-recurring operating income | 76A | - | €125,278 | +€125,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,303 | €45,059 | -€4,245 | -8.6% |
| Other operating charges | 640/8 | €994 | €29,726 | +€28,732 | +2891.9% |
| Gross operating margin | 9900 | €50,467 | €253,284 | +€202,817 | +401.9% |
| Operating profit (loss) | 9901 | €170 | €178,499 | +€178,329 | +104647.1% |
| Financial income | 75/76B | €11,474 | €362 | -€11,112 | -96.8% |
| Recurring financial income | 75 | €11,474 | €362 | -€11,112 | -96.8% |
| Financial charges | 65/66B | €37,175 | €37,623 | +€448 | +1.2% |
| Recurring financial charges | 65 | €37,175 | €37,623 | +€448 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,531 | €141,238 | +€166,769 | |
| Income taxes | 67/77 | €1,313 | €46,426 | +€45,112 | +3435.4% |
| Profit (loss) for the period | 9904 | -€26,844 | €94,813 | +€121,657 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,844 | €94,813 | +€121,657 |
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 5 October 2026 via checked.be.