GROUP ECKELMANS: 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.
What changed
GROUP ECKELMANS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€396,508
2024 · €516,850-€120,342
Equity
€7.3m
2024 · €6.9m+€396,508
Cash
-
2024 · €6,949-€6,949
Balance sheet total
€10.9m
2024 · €11.1m-€180,930
Largest movements
Assets
- Financial fixed assets -€151,348
down €151,348 (-1.4%), from €10.9m to €10.7m
Equity and liabilities
- Debts after one year -€658,075
down €658,075 (-19.2%), from €3.4m to €2.8m
of which Other amounts payable: -€1.4m
- Profit (loss) carried forward +€396,508
up €396,508 (+98.2%), from €403,971 to €800,479
Income statement
- Financial income -€139,186
down €139,186 (-24.6%), from €566,560 to €427,374
- Gross operating margin +€35,219
up €35,219, from -€17,570 to €17,649
- Financial charges +€23,668
up €23,668 (+134%), from €17,667 to €41,335
- Depreciation -€6,867
down €6,867 (-89.8%), from €7,644 to €777
- Other operating charges -€400
down €400 (-6.2%), from €6,505 to €6,105
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.
Result 2024
€516,850
Gross operating margin
+€35,219
Depreciation
+€6,867
Other operating charges
+€400
Financial income
-€139,186
Financial charges
-€23,668
Taxes
+€25
Result 2025
€396,508
raises the resultlowers the result
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.
From operations
+€483,350
Investment
+€152,542
Financing
-€642,841
Cash 2024
€6,949
From operations (derived)
+€483,350
Net result for the year
+€396,508
Depreciation
+€777
Receivables within one year
+€19,216
Deferred charges and accrued income
+€1,446
Trade debts
-€15,632
Tax, wage and social debts
+€15,166
Other debts
+€59,076
Accrued charges and deferred income
+€6,793
Investment (derived)
+€152,542
Investment in fixed assets (net)
+€152,542
Financing
-€642,841
Debts after one year
-€658,075
Current portion of long-term debt
-€31,958
Short-term financial debts
+€47,192
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,086,082 | €10,905,152 | -€180,930 | -1.6% |
| Fixed assets | 21/28 | €10,864,427 | €10,711,109 | -€153,319 | -1.4% |
| Tangible fixed assets | 22/27 | €11,971 | €10,000 | -€1,971 | -16.5% |
| Furniture and vehicles | 24 | €1,971 | - | -€1,971 | |
| Other tangible fixed assets | 26 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,852,457 | €10,701,109 | -€151,348 | -1.4% |
| Current assets | 29/58 | €221,655 | €194,043 | -€27,611 | -12.5% |
| Amounts receivable within one year | 40/41 | €206,870 | €187,653 | -€19,216 | -9.3% |
| Trade receivables | 40 | €111,552 | €110,279 | -€1,273 | -1.1% |
| Other amounts receivable | 41 | €95,317 | €77,374 | -€17,943 | -18.8% |
| Cash at bank and in hand | 54/58 | €6,949 | - | -€6,949 | |
| Deferred charges and accrued income | 490/1 | €7,836 | €6,390 | -€1,446 | -18.5% |
| Total equity and liabilities | 10/49 | €11,086,082 | €10,905,152 | -€180,930 | -1.6% |
| Equity | 10/15 | €6,875,771 | €7,272,279 | +€396,508 | +5.8% |
| Contributions | 10/11 | €6,471,800 | €6,471,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €403,971 | €800,479 | +€396,508 | +98.2% |
| Amounts payable | 17/49 | €4,210,311 | €3,632,873 | -€577,438 | -13.7% |
| Amounts payable after more than one year | 17 | €3,430,060 | €2,771,985 | -€658,075 | -19.2% |
| Financial debts | 170/4 | - | €758,809 | +€758,809 | |
| Other amounts payable | 178/9 | €3,430,060 | €2,013,176 | -€1.4m | -41.3% |
| Amounts payable within one year | 42/48 | €777,991 | €851,835 | +€73,844 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €654,508 | €622,550 | -€31,958 | -4.9% |
| Financial debts | 43 | - | €47,192 | +€47,192 | |
| Credit institutions | 430/8 | - | €47,192 | +€47,192 | |
| Trade debts | 44 | €84,820 | €69,188 | -€15,632 | -18.4% |
| Suppliers | 440/4 | €84,820 | €69,188 | -€15,632 | -18.4% |
| Taxes, remuneration and social security | 45 | €19,239 | €34,405 | +€15,166 | +78.8% |
| Taxes | 450/3 | €6,239 | €8,405 | +€2,166 | +34.7% |
| Remuneration and social security | 454/9 | €13,000 | €26,000 | +€13,000 | +100% |
| Other amounts payable | 47/48 | €19,424 | €78,500 | +€59,076 | +304% |
| Accrued charges and deferred income | 492/3 | €2,259 | €9,052 | +€6,793 | +301% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,644 | €777 | -€6,867 | -89.8% |
| Other operating charges | 640/8 | €6,505 | €6,105 | -€400 | -6.2% |
| Gross operating margin | 9900 | -€17,570 | €17,649 | +€35,219 | |
| Operating profit (loss) | 9901 | -€31,720 | €10,767 | +€42,486 | |
| Financial income | 75/76B | €566,560 | €427,374 | -€139,186 | -24.6% |
| Recurring financial income | 75 | €566,560 | €427,374 | -€139,186 | -24.6% |
| Financial charges | 65/66B | €17,667 | €41,335 | +€23,668 | +134% |
| Recurring financial charges | 65 | €17,667 | €41,335 | +€23,668 | +134% |
| Profit (loss) for the period before taxes | 9903 | €517,172 | €396,806 | -€120,367 | -23.3% |
| Income taxes | 67/77 | €322 | €298 | -€25 | -7.6% |
| Profit (loss) for the period | 9904 | €516,850 | €396,508 | -€120,342 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €516,850 | €396,508 | -€120,342 | -23.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.