L.W. ECLAIRAGE: 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.
L.W. ECLAIRAGE
Largest movements
- Tangible fixed assets -€11,201
down €11,201 (-41.1%), from €27,223 to €16,022
of which Furniture and vehicles: -€5,869
- Stocks and contracts -€9,391
down €9,391 (-2.7%), from €354,360 to €344,969
- Cash +€7,749
up €7,749 (+5.9%), from €132,203 to €139,952
mainly Net result for the year (+€22,369) and Advances received (+€12,446)
- Trade debts -€28,187
down €28,187 (-15.7%), from €180,021 to €151,834
- Profit (loss) carried forward +€22,369
up €22,369 (+19.8%), from €112,777 to €135,146
- Advances received +€12,446
up €12,446 (+66.0%), from €18,862 to €31,308
- Debts after one year -€10,476
no longer reported in 2025 (was €10,476)
- Other debts -€7,367
down €7,367 (-13.7%), from €53,603 to €46,236
- Gross operating margin +€49,874
up €49,874 (+16.9%), from €295,983 to €345,857
- Financial income -€18,023
down €18,023 (-84.4%), from €21,354 to €3,331
of which Financial income: -€11,287
- Other operating charges -€12,248
down €12,248 (-55.6%), from €22,032 to €9,784
- Taxes +€5,685
up €5,685, from -€5,529 to €156
- Depreciation -€4,893
down €4,893 (-30.4%), from €16,094 to €11,201
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 | €586,805 | €569,198 | -€17,607 | -3.0% |
| Fixed assets | 21/28 | €82,223 | €71,022 | -€11,201 | -13.6% |
| Tangible fixed assets | 22/27 | €27,223 | €16,022 | -€11,201 | -41.1% |
| Land and buildings | 22 | €21,326 | €15,994 | -€5,332 | -25.0% |
| Furniture and vehicles | 24 | €5,897 | €28 | -€5,869 | -99.5% |
| Financial fixed assets | 28 | €55,000 | €55,000 | = | 0.0% |
| Current assets | 29/58 | €504,582 | €498,176 | -€6,406 | -1.3% |
| Amounts receivable after more than one year | 29 | €455 | €455 | = | 0.0% |
| Other amounts receivable | 291 | €455 | €455 | = | 0.0% |
| Stocks and contracts in progress | 3 | €354,360 | €344,969 | -€9,391 | -2.7% |
| Stocks | 30/36 | €354,360 | €344,969 | -€9,391 | -2.7% |
| Amounts receivable within one year | 40/41 | €14,844 | €9,422 | -€5,422 | -36.5% |
| Trade receivables | 40 | €14,342 | €9,110 | -€5,232 | -36.5% |
| Other amounts receivable | 41 | €502 | €312 | -€190 | -37.8% |
| Cash at bank and in hand | 54/58 | €132,203 | €139,952 | +€7,749 | +5.9% |
| Deferred charges and accrued income | 490/1 | €2,720 | €3,378 | +€658 | +24.2% |
| Total equity and liabilities | 10/49 | €586,805 | €569,198 | -€17,607 | -3.0% |
| Equity | 10/15 | €245,977 | €268,346 | +€22,369 | +9.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €71,200 | €71,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,777 | €135,146 | +€22,369 | +19.8% |
| Amounts payable | 17/49 | €340,828 | €300,852 | -€39,976 | -11.7% |
| Amounts payable after more than one year | 17 | €10,476 | - | -€10,476 | |
| Financial debts | 170/4 | €10,476 | - | -€10,476 | |
| Amounts payable within one year | 42/48 | €330,352 | €300,852 | -€29,500 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €16,294 | €10,476 | -€5,818 | -35.7% |
| Trade debts | 44 | €180,021 | €151,834 | -€28,187 | -15.7% |
| Suppliers | 440/4 | €180,021 | €151,834 | -€28,187 | -15.7% |
| Advances received on contracts in progress | 46 | €18,862 | €31,308 | +€12,446 | +66.0% |
| Taxes, remuneration and social security | 45 | €61,572 | €60,998 | -€574 | -0.9% |
| Taxes | 450/3 | €53,698 | €58,891 | +€5,193 | +9.7% |
| Remuneration and social security | 454/9 | €7,874 | €2,107 | -€5,767 | -73.2% |
| Other amounts payable | 47/48 | €53,603 | €46,236 | -€7,367 | -13.7% |
| Remuneration, social security and pensions | 62 | €295,885 | €291,766 | -€4,119 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,094 | €11,201 | -€4,893 | -30.4% |
| Other operating charges | 640/8 | €22,032 | €9,784 | -€12,248 | -55.6% |
| Gross operating margin | 9900 | €295,983 | €345,857 | +€49,874 | +16.9% |
| Operating profit (loss) | 9901 | -€38,028 | €33,106 | +€71,134 | |
| Financial income | 75/76B | €21,354 | €3,331 | -€18,023 | -84.4% |
| Recurring financial income | 75 | €12,013 | €726 | -€11,287 | -94.0% |
| Non-recurring financial income | 76B | €9,341 | €2,605 | -€6,736 | -72.1% |
| Financial charges | 65/66B | €18,132 | €13,912 | -€4,220 | -23.3% |
| Recurring financial charges | 65 | €11,791 | €12,337 | +€546 | +4.6% |
| Non-recurring financial charges | 66B | €6,341 | €1,575 | -€4,766 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | -€34,806 | €22,525 | +€57,331 | |
| Income taxes | 67/77 | -€5,529 | €156 | +€5,685 | |
| Profit (loss) for the period | 9904 | -€29,277 | €22,369 | +€51,646 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,277 | €22,369 | +€51,646 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.