Eric OUTTELET: what changed
Two financial 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 OUTTELET
Largest movements
- Intangible fixed assets -€20,400
down €20,400 (-12.2%), from €166,609 to €146,209
- Reserves +€49,307
up €49,307 (+49.5%), from €99,648 to €148,956
- Tax, wage and social debts -€30,541
down €30,541 (-58.7%), from €52,028 to €21,487
- Other debts -€30,323
down €30,323 (-20.4%), from €148,713 to €118,390
- Debts after one year -€10,298
down €10,298 (-41.5%), from €24,810 to €14,512
- Gross operating margin +€1,346
up €1,346 (+1.4%), from €94,832 to €96,177
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 | €340,124 | €319,675 | -€20,449 | -6.0% |
| Fixed assets | 21/28 | €166,609 | €146,209 | -€20,400 | -12.2% |
| Intangible fixed assets | 21 | €166,609 | €146,209 | -€20,400 | -12.2% |
| Current assets | 29/58 | €173,514 | €173,466 | -€49 | 0.0% |
| Amounts receivable within one year | 40/41 | €9,767 | €8,507 | -€1,260 | -12.9% |
| Trade receivables | 40 | €9,767 | €8,507 | -€1,260 | -12.9% |
| Cash at bank and in hand | 54/58 | €163,748 | €164,903 | +€1,155 | +0.7% |
| Deferred charges and accrued income | 490/1 | - | €56 | +€56 | |
| Total equity and liabilities | 10/49 | €340,124 | €319,675 | -€20,449 | -6.0% |
| Equity | 10/15 | €102,649 | €151,956 | +€49,307 | +48.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €99,648 | €148,956 | +€49,307 | +49.5% |
| Distributable reserves | 133 | €99,648 | €148,956 | +€49,307 | +49.5% |
| Profit (loss) carried forward | 14 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €237,475 | €167,719 | -€69,756 | -29.4% |
| Amounts payable after more than one year | 17 | €24,810 | €14,512 | -€10,298 | -41.5% |
| Financial debts | 170/4 | €24,810 | €14,512 | -€10,298 | -41.5% |
| Amounts payable within one year | 42/48 | €212,665 | €153,207 | -€59,458 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €9,821 | €10,298 | +€477 | +4.9% |
| Trade debts | 44 | €2,102 | €3,032 | +€930 | +44.2% |
| Suppliers | 440/4 | €2,102 | €3,032 | +€930 | +44.2% |
| Taxes, remuneration and social security | 45 | €52,028 | €21,487 | -€30,541 | -58.7% |
| Taxes | 450/3 | €52,028 | €21,487 | -€30,541 | -58.7% |
| Other amounts payable | 47/48 | €148,713 | €118,390 | -€30,323 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,400 | €20,400 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €94,832 | €96,177 | +€1,346 | +1.4% |
| Operating profit (loss) | 9901 | €74,044 | €75,378 | +€1,333 | +1.8% |
| Financial income | 75/76B | €23 | €18 | -€5 | -23.0% |
| Recurring financial income | 75 | €23 | €18 | -€5 | -23.0% |
| Financial charges | 65/66B | €1,982 | €1,555 | -€427 | -21.5% |
| Recurring financial charges | 65 | €1,982 | €1,555 | -€427 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €72,085 | €73,840 | +€1,755 | +2.4% |
| Income taxes | 67/77 | €23,994 | €24,533 | +€539 | +2.2% |
| Profit (loss) for the period | 9904 | €48,091 | €49,307 | +€1,216 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,091 | €49,307 | +€1,216 | +2.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.