EO-THERM: 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.
EO-THERM
Largest movements
- Tangible fixed assets +€25,922
up €25,922 (+180%), from €14,402 to €40,324
of which Land and buildings: +€12,985
- Cash +€18,614
up €18,614 (+32.3%), from €57,592 to €76,206
mainly Net result for the year (+€44,644) and Tax, wage and social debts (+€11,658)
- Receivables within one year +€13,090
up €13,090 (+54.6%), from €23,961 to €37,051
of which Trade receivables: +€14,050
- Profit (loss) carried forward +€44,644
up €44,644 (+57.0%), from €78,334 to €122,979
- Tax, wage and social debts +€11,658
up €11,658 (+125%), from €9,308 to €20,967
of which Taxes: +€11,633
- Gross operating margin +€20,507
up €20,507 (+46.7%), from €43,867 to €64,374
- Depreciation +€4,812
up €4,812 (+217%), from €2,221 to €7,032
- Taxes +€3,147
up €3,147 (+36.8%), from €8,553 to €11,700
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 | €95,954 | €153,581 | +€57,626 | +60.1% |
| Fixed assets | 21/28 | €14,402 | €40,324 | +€25,922 | +180% |
| Tangible fixed assets | 22/27 | €14,402 | €40,324 | +€25,922 | +180% |
| Land and buildings | 22 | - | €12,985 | +€12,985 | |
| Plant, machinery and equipment | 23 | €10,416 | €22,308 | +€11,892 | +114% |
| Furniture and vehicles | 24 | €3,986 | €5,030 | +€1,044 | +26.2% |
| Current assets | 29/58 | €81,553 | €113,257 | +€31,704 | +38.9% |
| Amounts receivable within one year | 40/41 | €23,961 | €37,051 | +€13,090 | +54.6% |
| Trade receivables | 40 | €1,807 | €15,857 | +€14,050 | +778% |
| Other amounts receivable | 41 | €22,154 | €21,194 | -€960 | -4.3% |
| Cash at bank and in hand | 54/58 | €57,592 | €76,206 | +€18,614 | +32.3% |
| Total equity and liabilities | 10/49 | €95,954 | €153,581 | +€57,626 | +60.1% |
| Equity | 10/15 | €83,334 | €127,979 | +€44,644 | +53.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,334 | €122,979 | +€44,644 | +57.0% |
| Amounts payable | 17/49 | €12,620 | €25,602 | +€12,982 | +103% |
| Amounts payable within one year | 42/48 | €12,620 | €25,602 | +€12,982 | +103% |
| Trade debts | 44 | €3,312 | €4,635 | +€1,324 | +40.0% |
| Suppliers | 440/4 | €3,312 | €4,635 | +€1,324 | +40.0% |
| Taxes, remuneration and social security | 45 | €9,308 | €20,967 | +€11,658 | +125% |
| Taxes | 450/3 | €9,308 | €20,941 | +€11,633 | +125% |
| Remuneration and social security | 454/9 | - | €26 | +€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,221 | €7,032 | +€4,812 | +217% |
| Other operating charges | 640/8 | €500 | €907 | +€407 | +81.3% |
| Gross operating margin | 9900 | €43,867 | €64,374 | +€20,507 | +46.7% |
| Operating profit (loss) | 9901 | €41,146 | €56,434 | +€15,288 | +37.2% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.4% |
| Financial charges | 65/66B | €104 | €90 | -€15 | -13.9% |
| Recurring financial charges | 65 | €104 | €90 | -€15 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €41,043 | €56,345 | +€15,301 | +37.3% |
| Income taxes | 67/77 | €8,553 | €11,700 | +€3,147 | +36.8% |
| Profit (loss) for the period | 9904 | €32,491 | €44,644 | +€12,154 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,491 | €44,644 | +€12,154 | +37.4% |
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 23 October 2026 via checked.be.