EOLE-LIEN: 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.
EOLE-LIEN
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+39.5%), from €3.5m to €4.9m
of which Assets under construction and advance payments: +€1.6m
- Cash +€655,006
up €655,006 (+134.8%), from €486,073 to €1.1m
mainly Contributions, distributions and other (+€1.1m) and Debts after one year (+€670,203)
- Current investments -€400,000
down €400,000 (-99.9%), from €400,400 to €400
- Financial fixed assets +€101,500
up €101,500 (+43.2%), from €235,000 to €336,500
- Contributions +€1.1m
up €1.1m (+122.0%), from €936,200 to €2.1m
- Debts after one year +€670,203
up €670,203 (+24.9%), from €2.7m to €3.4m
- Current portion of long-term debt -€97,080
down €97,080 (-27.8%), from €349,377 to €252,297
- Turnover -€157,045
down €157,045 (-22.1%), from €711,765 to €554,720
- Purchases and services -€93,138
down €93,138 (-41.1%), from €226,791 to €133,652
- Gross operating margin -€65,906
down €65,906 (-13.5%), from €486,974 to €421,068
- Taxes -€26,692
down €26,692, from €23,631 to -€3,061
- Financial charges +€9,348
up €9,348 (+20.1%), from €46,515 to €55,863
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 | €5,000,625 | €6,674,921 | +€1.7m | +33.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €3,768,534 | €5,236,252 | +€1.5m | +38.9% |
| Intangible fixed assets | 21 | €28,264 | €9,421 | -€18,842 | -66.7% |
| Tangible fixed assets | 22/27 | €3,505,270 | €4,890,331 | +€1.4m | +39.5% |
| Land and buildings | 22 | €58,000 | €58,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,371,076 | €3,155,017 | -€216,059 | -6.4% |
| Assets under construction and advance payments | 27 | €76,195 | €1,677,314 | +€1.6m | +2101.4% |
| Financial fixed assets | 28 | €235,000 | €336,500 | +€101,500 | +43.2% |
| Current assets | 29/58 | €1,232,091 | €1,438,669 | +€206,578 | +16.8% |
| Amounts receivable within one year | 40/41 | €297,130 | €254,342 | -€42,788 | -14.4% |
| Trade receivables | 40 | €202,130 | €159,778 | -€42,351 | -21.0% |
| Other amounts receivable | 41 | €95,000 | €94,564 | -€436 | -0.5% |
| Current investments | 50/53 | €400,400 | €400 | -€400,000 | -99.9% |
| Cash at bank and in hand | 54/58 | €486,073 | €1,141,079 | +€655,006 | +134.8% |
| Deferred charges and accrued income | 490/1 | €48,488 | €42,848 | -€5,640 | -11.6% |
| Total equity and liabilities | 10/49 | €5,000,625 | €6,674,921 | +€1.7m | +33.5% |
| Equity | 10/15 | €1,819,379 | €2,932,113 | +€1.1m | +61.2% |
| Contributions | 10/11 | €936,200 | €2,078,700 | +€1.1m | +122.0% |
| Profit (loss) carried forward | 14 | €883,179 | €853,413 | -€29,766 | -3.4% |
| Provisions and deferred taxes | 16 | €5,560 | €11,120 | +€5,560 | +100.0% |
| Provisions for liabilities and charges | 160/5 | €5,560 | €11,120 | +€5,560 | +100.0% |
| Major repairs and maintenance | 162 | €5,560 | €11,120 | +€5,560 | +100.0% |
| Amounts payable | 17/49 | €3,175,686 | €3,731,688 | +€556,002 | +17.5% |
| Amounts payable after more than one year | 17 | €2,689,678 | €3,359,881 | +€670,203 | +24.9% |
| Financial debts | 170/4 | €2,689,678 | €3,359,881 | +€670,203 | +24.9% |
| Amounts payable within one year | 42/48 | €483,305 | €367,155 | -€116,151 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €349,377 | €252,297 | -€97,080 | -27.8% |
| Trade debts | 44 | €2,877 | €14,092 | +€11,215 | +389.8% |
| Suppliers | 440/4 | €2,877 | €14,092 | +€11,215 | +389.8% |
| Taxes, remuneration and social security | 45 | €74,879 | €17,617 | -€57,262 | -76.5% |
| Taxes | 450/3 | €74,879 | €17,617 | -€57,262 | -76.5% |
| Other amounts payable | 47/48 | €56,172 | €83,148 | +€26,976 | +48.0% |
| Accrued charges and deferred income | 492/3 | €2,703 | €4,653 | +€1,951 | +72.2% |
| Turnover | 70 | €711,765 | €554,720 | -€157,045 | -22.1% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €226,791 | €133,652 | -€93,138 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315,527 | €322,065 | +€6,537 | +2.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,560 | €5,560 | = | 0.0% |
| Other operating charges | 640/8 | €1,927 | €1,473 | -€454 | -23.6% |
| Gross operating margin | 9900 | €486,974 | €421,068 | -€65,906 | -13.5% |
| Operating profit (loss) | 9901 | €163,959 | €91,970 | -€71,989 | -43.9% |
| Financial income | 75/76B | €18,011 | €14,214 | -€3,797 | -21.1% |
| Recurring financial income | 75 | €18,011 | €14,214 | -€3,797 | -21.1% |
| Financial charges | 65/66B | €46,515 | €55,863 | +€9,348 | +20.1% |
| Recurring financial charges | 65 | €46,515 | €55,863 | +€9,348 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €135,455 | €50,321 | -€85,134 | -62.9% |
| Income taxes | 67/77 | €23,631 | -€3,061 | -€26,692 | |
| Profit (loss) for the period | 9904 | €111,824 | €53,382 | -€58,442 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €111,824 | €53,382 | -€58,442 | -52.3% |
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 4 October 2026 via checked.be.