EolSPI: 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.
EolSPI
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+232.6%), from €474,332 to €1.6m
of which Other amounts receivable: +€1.2m
- Trade debts +€692,680
up €692,680 (+856.7%), from €80,851 to €773,530
- Accrued charges and deferred income +€410,464
up €410,464 (+38.3%), from €1.1m to €1.5m
- Profit (loss) carried forward -€373,679
down €373,679 (-36.8%), from -€1.0m to -€1.4m
- Other debts +€309,824
new in 2025: €309,824
- Gross operating margin +€301,340
up €301,340 (+55.3%), from €545,291 to €846,631
- Depreciation +€123,668
up €123,668 (+25.6%), from €483,966 to €607,634
- Financial charges -€100,066
down €100,066 (-14.4%), from €693,554 to €593,488
- Provisions +€12,384
up €12,384 (+129.6%), from €9,559 to €21,944
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 | €12,157,404 | €13,234,714 | +€1.1m | +8.9% |
| Formation expenses | 20 | €2,129 | €1,455 | -€673 | -31.6% |
| Fixed assets | 21/28 | €11,569,291 | €11,613,199 | +€43,908 | +0.4% |
| Tangible fixed assets | 22/27 | €11,569,291 | €11,613,199 | +€43,908 | +0.4% |
| Plant, machinery and equipment | 23 | €11,569,291 | €11,477,513 | -€91,778 | -0.8% |
| Assets under construction and advance payments | 27 | - | €135,686 | +€135,686 | |
| Current assets | 29/58 | €585,984 | €1,620,060 | +€1.0m | +176.5% |
| Amounts receivable within one year | 40/41 | €474,332 | €1,577,740 | +€1.1m | +232.6% |
| Trade receivables | 40 | €474,332 | €347,704 | -€126,629 | -26.7% |
| Other amounts receivable | 41 | - | €1,230,036 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €77,425 | - | -€77,425 | |
| Deferred charges and accrued income | 490/1 | €34,227 | €42,320 | +€8,093 | +23.6% |
| Total equity and liabilities | 10/49 | €12,157,404 | €13,234,714 | +€1.1m | +8.9% |
| Equity | 10/15 | €1,485,606 | €1,111,927 | -€373,679 | -25.2% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,014,394 | -€1,388,073 | -€373,679 | -36.8% |
| Provisions and deferred taxes | 16 | €9,559 | €31,503 | +€21,944 | +229.6% |
| Provisions for liabilities and charges | 160/5 | €9,559 | €31,503 | +€21,944 | +229.6% |
| Environmental obligations | 163 | €9,559 | €31,503 | +€21,944 | +229.6% |
| Amounts payable | 17/49 | €10,662,238 | €12,091,284 | +€1.4m | +13.4% |
| Amounts payable after more than one year | 17 | €9,500,000 | €9,500,000 | = | 0.0% |
| Financial debts | 170/4 | €9,500,000 | €9,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €89,463 | €1,108,045 | +€1.0m | +1138.5% |
| Trade debts | 44 | €80,851 | €773,530 | +€692,680 | +856.7% |
| Suppliers | 440/4 | €80,851 | €773,530 | +€692,680 | +856.7% |
| Taxes, remuneration and social security | 45 | €8,612 | €24,691 | +€16,079 | +186.7% |
| Taxes | 450/3 | €8,612 | €24,691 | +€16,079 | +186.7% |
| Other amounts payable | 47/48 | - | €309,824 | +€309,824 | |
| Accrued charges and deferred income | 492/3 | €1,072,775 | €1,483,239 | +€410,464 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483,966 | €607,634 | +€123,668 | +25.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,559 | €21,944 | +€12,384 | +129.6% |
| Other operating charges | 640/8 | €880 | €5,157 | +€4,278 | +486.4% |
| Gross operating margin | 9900 | €545,291 | €846,631 | +€301,340 | +55.3% |
| Operating profit (loss) | 9901 | €50,886 | €211,896 | +€161,010 | +316.4% |
| Financial income | 75/76B | - | €7,913 | +€7,913 | |
| Recurring financial income | 75 | - | €7,913 | +€7,913 | |
| Financial charges | 65/66B | €693,554 | €593,488 | -€100,066 | -14.4% |
| Recurring financial charges | 65 | €693,554 | €593,488 | -€100,066 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€642,667 | -€373,679 | +€268,988 | +41.9% |
| Profit (loss) for the period | 9904 | -€642,667 | -€373,679 | +€268,988 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€642,667 | -€373,679 | +€268,988 | +41.9% |
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 7 October 2026 via checked.be.