ELDORADO: 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.
ELDORADO
Largest movements
- Cash +€862,996
up €862,996 (+663.6%), from €130,046 to €993,043
mainly Net result for the year (+€1.4m) and Stocks and contracts (+€810,482)
- Stocks and contracts -€810,482
down €810,482 (-32.5%), from €2.5m to €1.7m
- Other debts -€60,000
down €60,000 (-2.6%), from €2.3m to €2.3m
- Reserves +€57,490
up €57,490 (+26.1%), from €220,140 to €277,630
of which Distributable reserves: +€57,490
- Tax, wage and social debts +€29,613
new in 2025: €29,613
- Gross operating margin +€1.4m
up €1.4m, from -€26,035 to €1.4m
- Taxes +€30,337
up €30,337 (+7399265.9%), from €0 to €30,337
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 | €2,645,170 | €2,706,258 | +€61,088 | +2.3% |
| Current assets | 29/58 | €2,645,170 | €2,706,258 | +€61,088 | +2.3% |
| Stocks and contracts in progress | 3 | €2,494,559 | €1,684,077 | -€810,482 | -32.5% |
| Stocks | 30/36 | €2,494,559 | €1,684,077 | -€810,482 | -32.5% |
| Amounts receivable within one year | 40/41 | €20,268 | €29,139 | +€8,871 | +43.8% |
| Trade receivables | 40 | €19,954 | €19,954 | = | 0.0% |
| Other amounts receivable | 41 | €314 | €9,184 | +€8,871 | +2829.1% |
| Cash at bank and in hand | 54/58 | €130,046 | €993,043 | +€862,996 | +663.6% |
| Deferred charges and accrued income | 490/1 | €297 | - | -€297 | |
| Total equity and liabilities | 10/49 | €2,645,170 | €2,706,258 | +€61,088 | +2.3% |
| Equity | 10/15 | €313,100 | €370,590 | +€57,490 | +18.4% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Capital | 10 | €92,960 | €92,960 | = | 0.0% |
| Issued capital | 100 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €220,140 | €277,630 | +€57,490 | +26.1% |
| Non-distributable reserves | 130/1 | €9,296 | €9,296 | = | 0.0% |
| Legal reserve | 130 | €9,296 | €9,296 | = | 0.0% |
| Distributable reserves | 133 | €210,844 | €268,334 | +€57,490 | +27.3% |
| Amounts payable | 17/49 | €2,332,070 | €2,335,668 | +€3,598 | +0.2% |
| Amounts payable within one year | 42/48 | €2,332,026 | €2,335,621 | +€3,595 | +0.2% |
| Trade debts | 44 | €6,526 | €22,832 | +€16,307 | +249.9% |
| Suppliers | 440/4 | €6,526 | €22,832 | +€16,307 | +249.9% |
| Advances received on contracts in progress | 46 | - | €17,675 | +€17,675 | |
| Taxes, remuneration and social security | 45 | - | €29,613 | +€29,613 | |
| Taxes | 450/3 | - | €29,613 | +€29,613 | |
| Other amounts payable | 47/48 | €2,325,501 | €2,265,501 | -€60,000 | -2.6% |
| Accrued charges and deferred income | 492/3 | €43 | €46 | +€3 | +6.9% |
| Non-recurring operating income | 76A | - | €8,296 | +€8,296 | |
| Other operating charges | 640/8 | €5,634 | €998 | -€4,635 | -82.3% |
| Gross operating margin | 9900 | -€26,035 | €1,388,245 | +€1.4m | |
| Operating profit (loss) | 9901 | -€31,669 | €1,387,246 | +€1.4m | |
| Financial income | 75/76B | €1 | €2,414 | +€2,413 | +172331.4% |
| Recurring financial income | 75 | €1 | €2,414 | +€2,413 | +172331.4% |
| Financial charges | 65/66B | €1,515 | €1,833 | +€318 | +21.0% |
| Recurring financial charges | 65 | €1,515 | €1,833 | +€318 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,182 | €1,387,828 | +€1.4m | |
| Income taxes | 67/77 | €0 | €30,337 | +€30,337 | +7399265.9% |
| Profit (loss) for the period | 9904 | -€33,183 | €1,357,490 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,183 | €1,357,490 | +€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 10 October 2026 via checked.be.