EOZ: 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.
EOZ
Largest movements
- Stocks and contracts +€35,079
up €35,079 (+123.7%), from €28,368 to €63,447
- Deferred charges and accrued income -€31,306
down €31,306 (-100.0%), from €31,306 to €0
- Cash -€5,972
down €5,972 (-13.0%), from €45,892 to €39,919
mainly Stocks and contracts (-€35,079) and Net result for the year (-€29,429)
- Receivables within one year -€5,211
down €5,211 (-11.3%), from €46,241 to €41,030
of which Trade receivables: -€5,632
- Intangible fixed assets -€2,789
down €2,789 (-34.2%), from €8,166 to €5,376
- Profit (loss) carried forward -€29,429
down €29,429 (-3.4%), from -€863,837 to -€893,265
- Current portion of long-term debt +€20,000
up €20,000 (+111.1%), from €18,000 to €38,000
- Debts after one year -€18,000
down €18,000 (-2.9%), from €618,500 to €600,500
- Trade debts +€16,411
up €16,411 (+461.4%), from €3,557 to €19,968
- Other debts -€2,969
down €2,969 (-100.0%), from €2,969 to €0
- Gross operating margin -€18,840
down €18,840 (-90.1%), from €20,901 to €2,062
- Write-downs +€7,957
new in 2025: €7,957
- Financial income -€5,828
down €5,828 (-79.5%), from €7,332 to €1,504
- Financial charges -€2,996
down €2,996 (-17.9%), from €16,692 to €13,696
- Depreciation +€1,588
up €1,588 (+21.1%), from €7,511 to €9,098
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 | €171,196 | €158,736 | -€12,460 | -7.3% |
| Fixed assets | 21/28 | €19,389 | €14,340 | -€5,049 | -26.0% |
| Intangible fixed assets | 21 | €8,166 | €5,376 | -€2,789 | -34.2% |
| Tangible fixed assets | 22/27 | €11,223 | €8,963 | -€2,260 | -20.1% |
| Plant, machinery and equipment | 23 | €5,272 | €2,348 | -€2,924 | -55.5% |
| Furniture and vehicles | 24 | €5,951 | €6,615 | +€664 | +11.2% |
| Current assets | 29/58 | €151,806 | €144,396 | -€7,410 | -4.9% |
| Stocks and contracts in progress | 3 | €28,368 | €63,447 | +€35,079 | +123.7% |
| Stocks | 30/36 | €28,368 | €63,447 | +€35,079 | +123.7% |
| Amounts receivable within one year | 40/41 | €46,241 | €41,030 | -€5,211 | -11.3% |
| Trade receivables | 40 | €44,465 | €38,833 | -€5,632 | -12.7% |
| Other amounts receivable | 41 | €1,775 | €2,197 | +€421 | +23.7% |
| Cash at bank and in hand | 54/58 | €45,892 | €39,919 | -€5,972 | -13.0% |
| Deferred charges and accrued income | 490/1 | €31,306 | €0 | -€31,306 | -100.0% |
| Total equity and liabilities | 10/49 | €171,196 | €158,736 | -€12,460 | -7.3% |
| Equity | 10/15 | -€478,279 | -€507,708 | -€29,429 | -6.2% |
| Contributions | 10/11 | €385,557 | €385,557 | = | 0.0% |
| Outside capital | 11 | €385,557 | €385,557 | = | 0.0% |
| Other | 1109/19 | €385,557 | €385,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€863,837 | -€893,265 | -€29,429 | -3.4% |
| Amounts payable | 17/49 | €649,475 | €666,444 | +€16,969 | +2.6% |
| Amounts payable after more than one year | 17 | €618,500 | €600,500 | -€18,000 | -2.9% |
| Financial debts | 170/4 | €618,500 | €600,500 | -€18,000 | -2.9% |
| Amounts payable within one year | 42/48 | €29,272 | €65,944 | +€36,671 | +125.3% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €38,000 | +€20,000 | +111.1% |
| Financial debts | 43 | €149 | €1,173 | +€1,023 | +684.7% |
| Credit institutions | 430/8 | €149 | €1,173 | +€1,023 | +684.7% |
| Trade debts | 44 | €3,557 | €19,968 | +€16,411 | +461.4% |
| Suppliers | 440/4 | €3,557 | €19,968 | +€16,411 | +461.4% |
| Taxes, remuneration and social security | 45 | €4,597 | €6,803 | +€2,206 | +48.0% |
| Taxes | 450/3 | €4,597 | €6,803 | +€2,206 | +48.0% |
| Other amounts payable | 47/48 | €2,969 | €0 | -€2,969 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,703 | €0 | -€1,703 | -100.0% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,511 | €9,098 | +€1,588 | +21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,957 | +€7,957 | |
| Other operating charges | 640/8 | €903 | €2,242 | +€1,339 | +148.3% |
| Gross operating margin | 9900 | €20,901 | €2,062 | -€18,840 | -90.1% |
| Operating profit (loss) | 9901 | €12,488 | -€17,236 | -€29,724 | |
| Financial income | 75/76B | €7,332 | €1,504 | -€5,828 | -79.5% |
| Recurring financial income | 75 | €7,332 | €1,504 | -€5,828 | -79.5% |
| Financial charges | 65/66B | €16,692 | €13,696 | -€2,996 | -17.9% |
| Recurring financial charges | 65 | €16,692 | €13,696 | -€2,996 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €3,127 | -€29,429 | -€32,556 | |
| Profit (loss) for the period | 9904 | €3,127 | -€29,429 | -€32,556 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,127 | -€29,429 | -€32,556 |
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 1 October 2026 via checked.be.