EUGENE TASSIN: 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.
EUGENE TASSIN
Largest movements
- Cash +€135,312
up €135,312 (+29.5%), from €458,485 to €593,797
mainly Net result for the year (+€128,688) and Depreciation (+€72,275)
- Tangible fixed assets -€48,993
down €48,993 (-6.2%), from €785,914 to €736,921
of which Land and buildings: -€34,538
- Receivables within one year -€23,415
down €23,415 (-20.7%), from €112,856 to €89,441
of which Trade receivables: -€24,698
- Profit (loss) carried forward +€128,688
up €128,688 (+17.1%), from €752,117 to €880,805
- Debts after one year -€78,344
down €78,344 (-23.3%), from €336,218 to €257,874
- Gross operating margin +€38,475
up €38,475 (+16.2%), from €237,914 to €276,389
- Taxes +€17,112
up €17,112 (+58.9%), from €29,067 to €46,179
- Staff costs -€9,599
down €9,599 (-94.6%), from €10,152 to €553
- Depreciation -€8,274
down €8,274 (-10.3%), from €80,549 to €72,275
- Write-downs -€4,489
down €4,489 (-67.6%), from €6,645 to €2,156
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.
Derived cash bridge
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 | €1,388,878 | €1,452,959 | +€64,082 | +4.6% |
| Fixed assets | 21/28 | €786,448 | €737,455 | -€48,993 | -6.2% |
| Tangible fixed assets | 22/27 | €785,914 | €736,921 | -€48,993 | -6.2% |
| Land and buildings | 22 | €686,434 | €651,896 | -€34,538 | -5.0% |
| Plant, machinery and equipment | 23 | €25,799 | €19,192 | -€6,607 | -25.6% |
| Furniture and vehicles | 24 | €73,681 | €65,833 | -€7,848 | -10.7% |
| Financial fixed assets | 28 | €534 | €534 | = | 0.0% |
| Current assets | 29/58 | €602,429 | €715,504 | +€113,075 | +18.8% |
| Stocks and contracts in progress | 3 | €20,387 | €20,597 | +€210 | +1.0% |
| Stocks | 30/36 | €20,387 | €20,597 | +€210 | +1.0% |
| Amounts receivable within one year | 40/41 | €112,856 | €89,441 | -€23,415 | -20.7% |
| Trade receivables | 40 | €112,283 | €87,585 | -€24,698 | -22.0% |
| Other amounts receivable | 41 | €573 | €1,857 | +€1,283 | +224% |
| Cash at bank and in hand | 54/58 | €458,485 | €593,797 | +€135,312 | +29.5% |
| Deferred charges and accrued income | 490/1 | €10,701 | €11,669 | +€968 | +9.0% |
| Total equity and liabilities | 10/49 | €1,388,878 | €1,452,959 | +€64,082 | +4.6% |
| Equity | 10/15 | €972,117 | €1,100,805 | +€128,688 | +13.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €752,117 | €880,805 | +€128,688 | +17.1% |
| Amounts payable | 17/49 | €416,760 | €352,154 | -€64,607 | -15.5% |
| Amounts payable after more than one year | 17 | €336,218 | €257,874 | -€78,344 | -23.3% |
| Financial debts | 170/4 | €336,218 | €257,874 | -€78,344 | -23.3% |
| Amounts payable within one year | 42/48 | €80,542 | €94,280 | +€13,737 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €66,554 | €62,468 | -€4,086 | -6.1% |
| Trade debts | 44 | €7,600 | €19,300 | +€11,700 | +154% |
| Suppliers | 440/4 | €7,600 | €19,300 | +€11,700 | +154% |
| Taxes, remuneration and social security | 45 | €2,887 | €4,815 | +€1,928 | +66.8% |
| Taxes | 450/3 | €2,887 | €4,815 | +€1,928 | +66.8% |
| Other amounts payable | 47/48 | €3,501 | €7,696 | +€4,195 | +120% |
| Remuneration, social security and pensions | 62 | €10,152 | €553 | -€9,599 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,549 | €72,275 | -€8,274 | -10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,645 | €2,156 | -€4,489 | -67.6% |
| Other operating charges | 640/8 | €11,387 | €12,664 | +€1,278 | +11.2% |
| Gross operating margin | 9900 | €237,914 | €276,389 | +€38,475 | +16.2% |
| Operating profit (loss) | 9901 | €129,182 | €188,741 | +€59,559 | +46.1% |
| Financial income | 75/76B | €1,896 | €24 | -€1,872 | -98.7% |
| Recurring financial income | 75 | €1,896 | €24 | -€1,872 | -98.7% |
| Financial charges | 65/66B | €17,299 | €13,898 | -€3,401 | -19.7% |
| Recurring financial charges | 65 | €17,299 | €13,898 | -€3,401 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €113,780 | €174,868 | +€61,087 | +53.7% |
| Income taxes | 67/77 | €29,067 | €46,179 | +€17,112 | +58.9% |
| Profit (loss) for the period | 9904 | €84,713 | €128,688 | +€43,975 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,713 | €128,688 | +€43,975 | +51.9% |
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 14 October 2026 via checked.be.