Eolus: 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.
Eolus
Largest movements
- Receivables within one year -€2.8m
down €2.8m (-52.0%), from €5.4m to €2.6m
of which Trade receivables: -€2.3m
- Tangible fixed assets -€2.7m
down €2.7m (-6.2%), from €42.9m to €40.3m
- Cash +€2.3m
up €2.3m (+328.6%), from €695,100 to €3.0m
mainly Receivables within one year (+€2.8m) and Depreciation (+€2.7m)
- Contributions -€5.0m
down €5.0m (-6.0%), from €83.4m to €78.4m
- Profit (loss) carried forward +€1.8m
up €1.8m (+5.2%), from -€35.5m to -€33.7m
- Turnover -€3.5m
down €3.5m (-33.7%), from €10.3m to €6.8m
- Depreciation -€2.0m
down €2.0m (-42.5%), from €4.7m to €2.7m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,042,717 | €46,025,139 | -€3.0m | -6.2% |
| Fixed assets | 21/28 | €42,934,158 | €40,250,773 | -€2.7m | -6.2% |
| Tangible fixed assets | 22/27 | €42,934,158 | €40,250,773 | -€2.7m | -6.2% |
| Plant, machinery and equipment | 23 | €42,934,158 | €40,250,773 | -€2.7m | -6.2% |
| Current assets | 29/58 | €6,108,559 | €5,774,365 | -€334,194 | -5.5% |
| Amounts receivable within one year | 40/41 | €5,378,758 | €2,582,769 | -€2.8m | -52.0% |
| Trade receivables | 40 | €4,856,578 | €2,582,769 | -€2.3m | -46.8% |
| Other amounts receivable | 41 | €522,181 | - | -€522,181 | |
| Cash at bank and in hand | 54/58 | €695,100 | €2,979,151 | +€2.3m | +328.6% |
| Deferred charges and accrued income | 490/1 | €34,701 | €212,445 | +€177,744 | +512.2% |
| Total equity and liabilities | 10/49 | €49,042,717 | €46,025,139 | -€3.0m | -6.2% |
| Equity | 10/15 | €48,019,213 | €44,850,693 | -€3.2m | -6.6% |
| Contributions | 10/11 | €83,428,847 | €78,428,847 | -€5.0m | -6.0% |
| Capital | 10 | €83,428,847 | €78,428,847 | -€5.0m | -6.0% |
| Issued capital | 100 | €83,428,847 | €78,428,847 | -€5.0m | -6.0% |
| Reserves | 13 | €102,488 | €102,488 | = | 0.0% |
| Non-distributable reserves | 130/1 | €102,488 | €102,488 | = | 0.0% |
| Legal reserve | 130 | €102,488 | €102,488 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,512,122 | -€33,680,641 | +€1.8m | +5.2% |
| Provisions and deferred taxes | 16 | €261,711 | €326,682 | +€64,971 | +24.8% |
| Provisions for liabilities and charges | 160/5 | €261,711 | €326,682 | +€64,971 | +24.8% |
| Other liabilities and charges | 164/5 | €261,711 | €326,682 | +€64,971 | +24.8% |
| Amounts payable | 17/49 | €761,793 | €847,763 | +€85,970 | +11.3% |
| Amounts payable within one year | 42/48 | €744,793 | €745,231 | +€438 | +0.1% |
| Trade debts | 44 | €744,793 | €671,697 | -€73,096 | -9.8% |
| Suppliers | 440/4 | €744,793 | €671,697 | -€73,096 | -9.8% |
| Taxes, remuneration and social security | 45 | - | €73,534 | +€73,534 | |
| Taxes | 450/3 | - | €73,534 | +€73,534 | |
| Accrued charges and deferred income | 492/3 | €17,000 | €102,532 | +€85,532 | +503.1% |
| Operating income | 70/76A | €10,253,311 | €6,804,850 | -€3.4m | -33.6% |
| Turnover | 70 | €10,253,311 | €6,801,041 | -€3.5m | -33.7% |
| Other operating income | 74 | - | €3,809 | +€3,809 | |
| Operating charges | 60/66A | €38,615,413 | €4,972,712 | -€33.6m | -87.1% |
| Services and other goods | 61 | €2,188,861 | €2,148,151 | -€40,711 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,668,367 | €2,683,385 | -€2.0m | -42.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €64,971 | €64,971 | = | 0.0% |
| Other operating charges | 640/8 | €71,537 | €76,205 | +€4,668 | +6.5% |
| Non-recurring operating charges | 66A | €31,621,676 | - | -€31.6m | |
| Operating profit (loss) | 9901 | -€28,362,102 | €1,832,139 | +€30.2m | |
| Financial charges | 65/66B | €625 | €658 | +€33 | +5.3% |
| Recurring financial charges | 65 | €625 | €658 | +€33 | +5.3% |
| Other financial charges | 652/9 | €625 | €658 | +€33 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,362,727 | €1,831,481 | +€30.2m | |
| Profit (loss) for the period | 9904 | -€28,362,727 | €1,831,481 | +€30.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,362,727 | €1,831,481 | +€30.2m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.