Eyeful: 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.
Eyeful
Largest movements
- Cash +€89,177
up €89,177 (+28.5%), from €312,993 to €402,170
mainly Net result for the year (+€204,154) and Tax, wage and social debts (+€37,013)
- Intangible fixed assets -€16,500
down €16,500 (-12.6%), from €130,625 to €114,125
- Tangible fixed assets -€14,051
down €14,051 (-29.7%), from €47,330 to €33,279
of which Other tangible fixed assets: -€15,000
- Reserves +€57,154
up €57,154 (+78.9%), from €72,478 to €129,632
- Debts after one year -€41,834
down €41,834 (-17.3%), from €242,426 to €200,592
- Tax, wage and social debts +€37,013
up €37,013 (+147.5%), from €25,090 to €62,103
- Write-downs +€66,743
up €66,743, from -€19,150 to €47,594
- Gross operating margin +€62,838
up €62,838 (+25.4%), from €247,061 to €309,898
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 | €601,232 | €662,574 | +€61,342 | +10.2% |
| Fixed assets | 21/28 | €177,955 | €147,404 | -€30,551 | -17.2% |
| Intangible fixed assets | 21 | €130,625 | €114,125 | -€16,500 | -12.6% |
| Tangible fixed assets | 22/27 | €47,330 | €33,279 | -€14,051 | -29.7% |
| Plant, machinery and equipment | 23 | €1,339 | €2,858 | +€1,519 | +113.4% |
| Furniture and vehicles | 24 | €2,240 | €1,670 | -€570 | -25.4% |
| Other tangible fixed assets | 26 | €43,750 | €28,750 | -€15,000 | -34.3% |
| Current assets | 29/58 | €423,278 | €515,171 | +€91,893 | +21.7% |
| Stocks and contracts in progress | 3 | €108,035 | €111,608 | +€3,573 | +3.3% |
| Stocks | 30/36 | €108,035 | €111,608 | +€3,573 | +3.3% |
| Amounts receivable within one year | 40/41 | €2,249 | €270 | -€1,979 | -88.0% |
| Other amounts receivable | 41 | €2,249 | €270 | -€1,979 | -88.0% |
| Cash at bank and in hand | 54/58 | €312,993 | €402,170 | +€89,177 | +28.5% |
| Deferred charges and accrued income | 490/1 | - | €1,122 | +€1,122 | |
| Total equity and liabilities | 10/49 | €601,232 | €662,574 | +€61,342 | +10.2% |
| Equity | 10/15 | €92,478 | €149,632 | +€57,154 | +61.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €72,478 | €129,632 | +€57,154 | +78.9% |
| Distributable reserves | 133 | €72,478 | €129,632 | +€57,154 | +78.9% |
| Amounts payable | 17/49 | €508,754 | €512,943 | +€4,188 | +0.8% |
| Amounts payable after more than one year | 17 | €242,426 | €200,592 | -€41,834 | -17.3% |
| Financial debts | 170/4 | €242,426 | €200,592 | -€41,834 | -17.3% |
| Amounts payable within one year | 42/48 | €266,329 | €312,351 | +€46,022 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €45,901 | €51,237 | +€5,335 | +11.6% |
| Trade debts | 44 | €43,228 | €46,516 | +€3,288 | +7.6% |
| Suppliers | 440/4 | €43,228 | €46,516 | +€3,288 | +7.6% |
| Taxes, remuneration and social security | 45 | €25,090 | €62,103 | +€37,013 | +147.5% |
| Taxes | 450/3 | €25,090 | €62,103 | +€37,013 | +147.5% |
| Other amounts payable | 47/48 | €152,109 | €152,494 | +€386 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,722 | €33,092 | +€371 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,150 | €47,594 | +€66,743 | |
| Other operating charges | 640/8 | €588 | €720 | +€131 | +22.3% |
| Gross operating margin | 9900 | €247,061 | €309,898 | +€62,838 | +25.4% |
| Operating profit (loss) | 9901 | €232,901 | €228,493 | -€4,408 | -1.9% |
| Financial income | 75/76B | €2,168 | €3,731 | +€1,563 | +72.1% |
| Recurring financial income | 75 | €2,168 | €3,731 | +€1,563 | +72.1% |
| Financial charges | 65/66B | €7,396 | €6,612 | -€784 | -10.6% |
| Recurring financial charges | 65 | €7,396 | €6,612 | -€784 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €227,673 | €225,611 | -€2,061 | -0.9% |
| Income taxes | 67/77 | €22,263 | €21,458 | -€805 | -3.6% |
| Profit (loss) for the period | 9904 | €205,410 | €204,154 | -€1,256 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €205,410 | €204,154 | -€1,256 | -0.6% |
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.