EITCH KEI: 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.
EITCH KEI
Largest movements
- Stocks and contracts +€20,668
up €20,668 (+69.1%), from €29,895 to €50,563
- Cash -€15,384
down €15,384 (-53.9%), from €28,521 to €13,137
mainly Investment in fixed assets (net) (-€33,179) and Stocks and contracts (-€20,668)
- Tangible fixed assets +€14,125
up €14,125 (+56.0%), from €25,234 to €39,359
of which Furniture and vehicles: +€24,144
- Deferred charges and accrued income +€2,598
up €2,598 (+99.2%), from €2,619 to €5,218
- Debts after one year +€20,697
up €20,697, from €0 to €20,697
- Trade debts +€13,127
up €13,127 (+23.1%), from €56,772 to €69,899
- Reserves -€7,250
no longer reported in 2025 (was €7,250)
- Accrued charges and deferred income -€5,123
down €5,123 (-42.3%), from €12,101 to €6,978
- Current portion of long-term debt +€2,260
up €2,260 (+96.4%), from €2,344 to €4,604
- Gross operating margin -€17,397
down €17,397 (-37.4%), from €46,562 to €29,166
- Other operating charges -€5,267
down €5,267 (-35.8%), from €14,719 to €9,452
- Depreciation +€1,941
up €1,941 (+11.3%), from €17,113 to €19,054
- Taxes -€1,198
down €1,198 (-34.8%), from €3,442 to €2,245
- Financial charges +€795
up €795 (+106%), from €749 to €1,543
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 | €137,377 | €160,779 | +€23,402 | +17.0% |
| Fixed assets | 21/28 | €25,584 | €39,709 | +€14,125 | +55.2% |
| Tangible fixed assets | 22/27 | €25,234 | €39,359 | +€14,125 | +56.0% |
| Land and buildings | 22 | €1,470 | €965 | -€506 | -34.4% |
| Plant, machinery and equipment | 23 | €23,763 | €14,250 | -€9,513 | -40.0% |
| Furniture and vehicles | 24 | - | €24,144 | +€24,144 | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €111,793 | €121,070 | +€9,277 | +8.3% |
| Stocks and contracts in progress | 3 | €29,895 | €50,563 | +€20,668 | +69.1% |
| Stocks | 30/36 | €29,895 | €50,563 | +€20,668 | +69.1% |
| Amounts receivable within one year | 40/41 | €50,758 | €52,152 | +€1,395 | +2.7% |
| Trade receivables | 40 | €8,931 | €2,963 | -€5,968 | -66.8% |
| Other amounts receivable | 41 | €41,827 | €49,190 | +€7,363 | +17.6% |
| Cash at bank and in hand | 54/58 | €28,521 | €13,137 | -€15,384 | -53.9% |
| Deferred charges and accrued income | 490/1 | €2,619 | €5,218 | +€2,598 | +99.2% |
| Total equity and liabilities | 10/49 | €137,377 | €160,779 | +€23,402 | +17.0% |
| Equity | 10/15 | €59,203 | €50,179 | -€9,024 | -15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,250 | - | -€7,250 | |
| Distributable reserves | 133 | €7,250 | - | -€7,250 | |
| Profit (loss) carried forward | 14 | €33,353 | €31,579 | -€1,774 | -5.3% |
| Amounts payable | 17/49 | €78,174 | €110,600 | +€32,426 | +41.5% |
| Amounts payable after more than one year | 17 | €0 | €20,697 | +€20,697 | |
| Financial debts | 170/4 | €0 | €20,697 | +€20,697 | |
| Amounts payable within one year | 42/48 | €66,072 | €82,925 | +€16,852 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €2,344 | €4,604 | +€2,260 | +96.4% |
| Trade debts | 44 | €56,772 | €69,899 | +€13,127 | +23.1% |
| Suppliers | 440/4 | €56,772 | €69,899 | +€13,127 | +23.1% |
| Taxes, remuneration and social security | 45 | €6,956 | €8,422 | +€1,466 | +21.1% |
| Taxes | 450/3 | €6,956 | €6,192 | -€764 | -11.0% |
| Remuneration and social security | 454/9 | - | €2,230 | +€2,230 | |
| Accrued charges and deferred income | 492/3 | €12,101 | €6,978 | -€5,123 | -42.3% |
| Remuneration, social security and pensions | 62 | €1,266 | €1,297 | +€31 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,113 | €19,054 | +€1,941 | +11.3% |
| Other operating charges | 640/8 | €14,719 | €9,452 | -€5,267 | -35.8% |
| Gross operating margin | 9900 | €46,562 | €29,166 | -€17,397 | -37.4% |
| Operating profit (loss) | 9901 | €13,465 | -€637 | -€14,102 | |
| Financial income | 75/76B | €2,031 | €2,651 | +€620 | +30.5% |
| Recurring financial income | 75 | €2,031 | €2,651 | +€620 | +30.5% |
| Financial charges | 65/66B | €749 | €1,543 | +€795 | +106% |
| Recurring financial charges | 65 | €749 | €1,543 | +€795 | +106% |
| Profit (loss) for the period before taxes | 9903 | €14,747 | €471 | -€14,276 | -96.8% |
| Income taxes | 67/77 | €3,442 | €2,245 | -€1,198 | -34.8% |
| Profit (loss) for the period | 9904 | €11,304 | -€1,774 | -€13,079 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,304 | -€1,774 | -€13,079 |
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 19 October 2026 via checked.be.