ERIC L'EAU: 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.
ERIC L'EAU
Largest movements
- Tangible fixed assets -€27,030
down €27,030 (-43.5%), from €62,172 to €35,143
of which Furniture and vehicles: -€40,612
- Receivables within one year -€2,452
down €2,452 (-27.3%), from €8,998 to €6,546
of which Trade receivables: -€4,784
- Cash -€2,337
down €2,337 (-3.6%), from €65,374 to €63,037
mainly Investment in fixed assets (net) (-€18,213) and Net result for the year (-€17,465)
- Other debts -€14,723
down €14,723 (-15.5%), from €95,269 to €80,547
- Reserves -€11,970
down €11,970 (-20.3%), from €58,853 to €46,883
- Profit (loss) carried forward -€5,496
no longer reported in 2025 (was €5,496)
- Depreciation +€14,450
up €14,450 (+46.9%), from €30,792 to €45,242
- Gross operating margin +€13,394
up €13,394 (+42.6%), from €31,442 to €44,837
- Financial charges +€2,877
up €2,877 (+4760.4%), from €60 to €2,937
- Other operating charges +€1,826
up €1,826 (+139.6%), from €1,309 to €3,135
- Financial income -€1,441
down €1,441 (-61.1%), from €2,359 to €918
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 | €169,418 | €137,599 | -€31,819 | -18.8% |
| Fixed assets | 21/28 | €62,172 | €35,143 | -€27,030 | -43.5% |
| Tangible fixed assets | 22/27 | €62,172 | €35,143 | -€27,030 | -43.5% |
| Land and buildings | 22 | €11,250 | €10,000 | -€1,250 | -11.1% |
| Plant, machinery and equipment | 23 | €8,622 | €5,242 | -€3,380 | -39.2% |
| Furniture and vehicles | 24 | €42,301 | €1,689 | -€40,612 | -96.0% |
| Assets under construction and advance payments | 27 | - | €18,213 | +€18,213 | |
| Current assets | 29/58 | €107,246 | €102,456 | -€4,790 | -4.5% |
| Stocks and contracts in progress | 3 | €32,873 | €32,873 | = | 0.0% |
| Stocks | 30/36 | €32,873 | €32,873 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,998 | €6,546 | -€2,452 | -27.3% |
| Trade receivables | 40 | €5,013 | €228 | -€4,784 | -95.4% |
| Other amounts receivable | 41 | €3,986 | €6,318 | +€2,332 | +58.5% |
| Cash at bank and in hand | 54/58 | €65,374 | €63,037 | -€2,337 | -3.6% |
| Total equity and liabilities | 10/49 | €169,418 | €137,599 | -€31,819 | -18.8% |
| Equity | 10/15 | €70,549 | €53,083 | -€17,465 | -24.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,853 | €46,883 | -€11,970 | -20.3% |
| Distributable reserves | 133 | €58,853 | €46,883 | -€11,970 | -20.3% |
| Profit (loss) carried forward | 14 | €5,496 | - | -€5,496 | |
| Amounts payable | 17/49 | €98,870 | €84,516 | -€14,354 | -14.5% |
| Amounts payable within one year | 42/48 | €98,870 | €84,516 | -€14,354 | -14.5% |
| Trade debts | 44 | €2,785 | €3,969 | +€1,184 | +42.5% |
| Suppliers | 440/4 | €2,785 | €3,969 | +€1,184 | +42.5% |
| Taxes, remuneration and social security | 45 | €816 | - | -€816 | |
| Taxes | 450/3 | €816 | - | -€816 | |
| Other amounts payable | 47/48 | €95,269 | €80,547 | -€14,723 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,792 | €45,242 | +€14,450 | +46.9% |
| Other operating charges | 640/8 | €1,309 | €3,135 | +€1,826 | +139.6% |
| Non-recurring operating charges | 66A | - | €11,906 | +€11,906 | |
| Gross operating margin | 9900 | €31,442 | €44,837 | +€13,394 | +42.6% |
| Operating profit (loss) | 9901 | -€658 | -€15,447 | -€14,788 | -2246.2% |
| Financial income | 75/76B | €2,359 | €918 | -€1,441 | -61.1% |
| Recurring financial income | 75 | €2,359 | €918 | -€1,441 | -61.1% |
| Financial charges | 65/66B | €60 | €2,937 | +€2,877 | +4760.4% |
| Recurring financial charges | 65 | €60 | €2,937 | +€2,877 | +4760.4% |
| Profit (loss) for the period before taxes | 9903 | €1,640 | -€17,465 | -€19,106 | |
| Income taxes | 67/77 | €499 | - | -€499 | |
| Profit (loss) for the period | 9904 | €1,142 | -€17,465 | -€18,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,142 | -€17,465 | -€18,607 |
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 6 October 2026 via checked.be.