EYEMAK: 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.
EYEMAK
Largest movements
- Tangible fixed assets -€488,033
down €488,033 (-33.9%), from €1.4m to €950,615
of which Leasing and similar rights: -€362,015
- Receivables within one year +€88,309
up €88,309 (+450.6%), from €19,597 to €107,905
of which Other amounts receivable: +€88,473
- Cash -€53,550
down €53,550 (-5.1%), from €1.1m to €999,062
mainly Debts after one year (-€371,761) and Contributions, distributions and other (-€261,134)
- Deferred charges and accrued income +€35,485
up €35,485 (+11.4%), from €310,761 to €346,246
- Debts after one year -€371,761
down €371,761 (-41.3%), from €901,226 to €529,465
- Reserves -€47,183
down €47,183 (-2.0%), from €2.3m to €2.3m
of which Distributable reserves: -€228,213
- Gross operating margin -€317,332
down €317,332 (-29.6%), from €1.1m to €754,465
- Taxes -€82,630
down €82,630 (-41.5%), from €199,214 to €116,584
- Depreciation +€64,182
up €64,182 (+36.3%), from €176,841 to €241,024
- Financial charges -€55,202
down €55,202 (-28.5%), from €193,727 to €138,525
- Staff costs -€13,492
down €13,492 (-22.9%), from €58,875 to €45,383
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 | €3,381,617 | €2,963,828 | -€417,790 | -12.4% |
| Fixed assets | 21/28 | €1,948,648 | €1,460,615 | -€488,033 | -25.0% |
| Tangible fixed assets | 22/27 | €1,438,648 | €950,615 | -€488,033 | -33.9% |
| Land and buildings | 22 | €645,318 | €613,780 | -€31,538 | -4.9% |
| Furniture and vehicles | 24 | €224,595 | €176,338 | -€48,258 | -21.5% |
| Leasing and similar rights | 25 | €362,015 | - | -€362,015 | |
| Other tangible fixed assets | 26 | €206,720 | €160,497 | -€46,223 | -22.4% |
| Financial fixed assets | 28 | €510,000 | €510,000 | = | 0.0% |
| Current assets | 29/58 | €1,432,969 | €1,503,213 | +€70,244 | +4.9% |
| Amounts receivable within one year | 40/41 | €19,597 | €107,905 | +€88,309 | +450.6% |
| Trade receivables | 40 | €2,203 | €2,038 | -€164 | -7.5% |
| Other amounts receivable | 41 | €17,394 | €105,867 | +€88,473 | +508.6% |
| Current investments | 50/53 | €49,999 | €49,999 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,052,612 | €999,062 | -€53,550 | -5.1% |
| Deferred charges and accrued income | 490/1 | €310,761 | €346,246 | +€35,485 | +11.4% |
| Total equity and liabilities | 10/49 | €3,381,617 | €2,963,828 | -€417,790 | -12.4% |
| Equity | 10/15 | €2,349,075 | €2,301,892 | -€47,183 | -2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,336,675 | €2,289,492 | -€47,183 | -2.0% |
| Non-distributable reserves | 130/1 | €16,170 | €16,170 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,170 | €16,170 | = | 0.0% |
| Tax-exempt reserves | 132 | €217,710 | €398,740 | +€181,030 | +83.2% |
| Distributable reserves | 133 | €2,102,795 | €1,874,582 | -€228,213 | -10.9% |
| Amounts payable | 17/49 | €1,032,542 | €661,936 | -€370,607 | -35.9% |
| Amounts payable after more than one year | 17 | €901,226 | €529,465 | -€371,761 | -41.3% |
| Financial debts | 170/4 | €901,226 | €529,465 | -€371,761 | -41.3% |
| Amounts payable within one year | 42/48 | €128,525 | €132,471 | +€3,946 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €77,417 | €79,369 | +€1,951 | +2.5% |
| Trade debts | 44 | €6,255 | €21,147 | +€14,892 | +238.1% |
| Suppliers | 440/4 | €6,255 | €21,147 | +€14,892 | +238.1% |
| Taxes, remuneration and social security | 45 | €44,852 | €31,956 | -€12,897 | -28.8% |
| Taxes | 450/3 | €29,583 | €26,584 | -€2,999 | -10.1% |
| Remuneration and social security | 454/9 | €15,270 | €5,372 | -€9,898 | -64.8% |
| Accrued charges and deferred income | 492/3 | €2,792 | - | -€2,792 | |
| Remuneration, social security and pensions | 62 | €58,875 | €45,383 | -€13,492 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,841 | €241,024 | +€64,182 | +36.3% |
| Other operating charges | 640/8 | €19,580 | €9,097 | -€10,483 | -53.5% |
| Non-recurring operating charges | 66A | - | €2,767 | +€2,767 | |
| Gross operating margin | 9900 | €1,071,797 | €754,465 | -€317,332 | -29.6% |
| Operating profit (loss) | 9901 | €816,501 | €456,194 | -€360,306 | -44.1% |
| Financial income | 75/76B | €6,059 | €12,866 | +€6,807 | +112.4% |
| Recurring financial income | 75 | €6,059 | €12,866 | +€6,807 | +112.4% |
| Financial charges | 65/66B | €193,727 | €138,525 | -€55,202 | -28.5% |
| Recurring financial charges | 65 | €193,727 | €138,525 | -€55,202 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €628,832 | €330,535 | -€298,297 | -47.4% |
| Income taxes | 67/77 | €199,214 | €116,584 | -€82,630 | -41.5% |
| Profit (loss) for the period | 9904 | €429,618 | €213,951 | -€215,667 | -50.2% |
| Transfer from tax-exempt reserves | 789 | €131,720 | - | -€131,720 | |
| Transfer to tax-exempt reserves | 689 | €193,660 | €181,030 | -€12,630 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €367,678 | €32,921 | -€334,757 | -91.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.