EOL Belgium: what changed
What changed
EOL Belgium
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €124,345+€947,667
Equity
€4.8m
2024 · €3.3m+€1.5m
Cash
€666,920
2024 · €53,525+€613,395
Balance sheet total
€5.7m
2024 · €4.3m+€1.4m
Largest movements
Assets
- Cash +€613,395
up €613,395 (+1,146%), from €53,525 to €666,920
mainly Net result for the year (+€1.1m) and Contributions, distributions and other (+€431,339)
- Current investments +€580,435
up €580,435 (+66.8%), from €868,662 to €1.4m
- Tangible fixed assets +€363,175
up €363,175 (+19.9%), from €1.8m to €2.2m
of which Land and buildings: +€214,349
- Financial fixed assets -€132,695
down €132,695 (-12.2%), from €1.1m to €951,194
Equity and liabilities
- Reserves +€1.5m
up €1.5m (+107%), from €1.4m to €2.9m
of which Distributable reserves: +€1.1m
- Tax, wage and social debts +€164,868
up €164,868 (+1,348%), from €12,229 to €177,097
- Debts after one year -€140,000
down €140,000 (-24.3%), from €575,000 to €435,000
- Other debts -€124,151
down €124,151 (-71.1%), from €174,622 to €50,471
Income statement
- Financial income +€1.0m
up €1.0m (+293%), from €353,397 to €1.4m
- Taxes +€165,504
up €165,504 (+1,269%), from €13,038 to €178,541
- Financial charges -€66,291
down €66,291 (-56.0%), from €118,441 to €52,150
- Gross operating margin +€6,144
up €6,144 (+39.8%), from -€15,444 to -€9,300
- Depreciation -€5,960
down €5,960 (-7.8%), from €76,187 to €70,227
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€124,345
Gross operating margin
+€6,144
Depreciation
+€5,960
Other operating charges
-€1,107
Financial income
+€1.0m
Financial charges
+€66,291
Taxes
-€165,504
Result 2025
€1.1m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
-€881,141
Financing
+€290,593
Cash 2024
€53,525
From operations (derived)
+€1.2m
Net result for the year
+€1.1m
Depreciation
+€70,227
Receivables after one year
-€24,136
Receivables within one year
+€5,091
Deferred charges and accrued income
-€1,001
Trade debts
+€44,400
Tax, wage and social debts
+€164,868
Other debts
-€124,151
Accrued charges and deferred income
-€3,367
Investment (derived)
-€881,141
Investment in fixed assets (net)
-€300,707
Current investments
-€580,435
Financing
+€290,593
Debts after one year
-€140,000
Short-term financial debts
-€746
Contributions, distributions and other
+€431,339
Cash 2025
€666,920
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,270,946 | €5,715,301 | +€1.4m | +33.8% |
| Fixed assets | 21/28 | €2,907,698 | €3,138,178 | +€230,480 | +7.9% |
| Tangible fixed assets | 22/27 | €1,823,808 | €2,186,983 | +€363,175 | +19.9% |
| Land and buildings | 22 | €1,585,588 | €1,799,937 | +€214,349 | +13.5% |
| Plant, machinery and equipment | 23 | €40,386 | €178,263 | +€137,876 | +341% |
| Furniture and vehicles | 24 | €197,834 | €208,784 | +€10,950 | +5.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,083,889 | €951,194 | -€132,695 | -12.2% |
| Current assets | 29/58 | €1,363,248 | €2,577,123 | +€1.2m | +89.0% |
| Amounts receivable after more than one year | 29 | - | €24,136 | +€24,136 | |
| Trade receivables | 290 | - | €24,136 | +€24,136 | |
| Amounts receivable within one year | 40/41 | €440,340 | €435,249 | -€5,091 | -1.2% |
| Trade receivables | 40 | - | €37,740 | +€37,740 | |
| Other amounts receivable | 41 | €440,340 | €397,509 | -€42,831 | -9.7% |
| Current investments | 50/53 | €868,662 | €1,449,096 | +€580,435 | +66.8% |
| Cash at bank and in hand | 54/58 | €53,525 | €666,920 | +€613,395 | +1,146% |
| Deferred charges and accrued income | 490/1 | €722 | €1,722 | +€1,001 | +139% |
| Total equity and liabilities | 10/49 | €4,270,946 | €5,715,301 | +€1.4m | +33.8% |
| Equity | 10/15 | €3,337,020 | €4,840,371 | +€1.5m | +45.1% |
| Contributions | 10/11 | €303,394 | €303,394 | = | 0.0% |
| Reserves | 13 | €1,407,947 | €2,911,298 | +€1.5m | +107% |
| Tax-exempt reserves | 132 | - | €431,339 | +€431,339 | |
| Distributable reserves | 133 | €1,407,947 | €2,479,959 | +€1.1m | +76.1% |
| Profit (loss) carried forward | 14 | €1,625,679 | €1,625,679 | = | 0.0% |
| Amounts payable | 17/49 | €933,926 | €874,930 | -€58,996 | -6.3% |
| Amounts payable after more than one year | 17 | €575,000 | €435,000 | -€140,000 | -24.3% |
| Financial debts | 170/4 | €575,000 | €435,000 | -€140,000 | -24.3% |
| Amounts payable within one year | 42/48 | €329,236 | €413,607 | +€84,371 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €140,000 | €140,000 | = | 0.0% |
| Financial debts | 43 | €746 | - | -€746 | |
| Credit institutions | 430/8 | €746 | - | -€746 | |
| Trade debts | 44 | €1,639 | €46,039 | +€44,400 | +2,709% |
| Suppliers | 440/4 | €1,639 | €46,039 | +€44,400 | +2,709% |
| Taxes, remuneration and social security | 45 | €12,229 | €177,097 | +€164,868 | +1,348% |
| Taxes | 450/3 | €12,229 | €177,097 | +€164,868 | +1,348% |
| Other amounts payable | 47/48 | €174,622 | €50,471 | -€124,151 | -71.1% |
| Accrued charges and deferred income | 492/3 | €29,690 | €26,323 | -€3,367 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,187 | €70,227 | -€5,960 | -7.8% |
| Other operating charges | 640/8 | €5,943 | €7,050 | +€1,107 | +18.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€15,444 | -€9,300 | +€6,144 | +39.8% |
| Operating profit (loss) | 9901 | -€97,573 | -€86,577 | +€10,996 | +11.3% |
| Financial income | 75/76B | €353,397 | €1,389,280 | +€1.0m | +293% |
| Recurring financial income | 75 | €353,397 | €1,389,280 | +€1.0m | +293% |
| Financial charges | 65/66B | €118,441 | €52,150 | -€66,291 | -56.0% |
| Recurring financial charges | 65 | €118,441 | €52,150 | -€66,291 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €137,382 | €1,250,553 | +€1.1m | +810% |
| Income taxes | 67/77 | €13,038 | €178,541 | +€165,504 | +1,269% |
| Profit (loss) for the period | 9904 | €124,345 | €1,072,012 | +€947,667 | +762% |
| Profit (loss) for the period to be appropriated | 9905 | €124,345 | €1,072,012 | +€947,667 | +762% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.