ONE EAGLE: 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.
What changed
ONE EAGLE
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,539
2024 · €3,557+€981
Equity
€429,259
2024 · €424,721+€4,539
Cash
€4,681
2024 · €90,056-€85,375
Balance sheet total
€5.2m
2024 · €4.1m+€1.1m
Largest movements
Assets
- Receivables within one year +€847,738
up €847,738 (+30.7%), from €2.8m to €3.6m
of which Trade receivables: +€633,973
- Tangible fixed assets +€407,749
up €407,749 (+118.8%), from €343,125 to €750,874
of which Other tangible fixed assets: +€499,780
- Deferred charges and accrued income -€109,721
down €109,721 (-18.8%), from €582,868 to €473,146
- Cash -€85,375
down €85,375 (-94.8%), from €90,056 to €4,681
mainly Trade debts (-€1.1m) and Receivables within one year (-€847,738)
Equity and liabilities
- Tax, wage and social debts +€1.6m
up €1.6m (+144.9%), from €1.1m to €2.7m
of which Remuneration and social security: +€1.4m
- Trade debts -€1.1m
down €1.1m (-56.4%), from €1.9m to €836,152
- Short-term financial debts +€576,613
up €576,613 (+384.4%), from €150,000 to €726,613
- Debts after one year -€183,046
down €183,046 (-44.6%), from €410,130 to €227,084
- Current portion of long-term debt +€129,822
up €129,822 (+174.8%), from €74,257 to €204,080
Income statement
- Turnover +€17.7m
new in 2025: €17.7m
- Gross operating margin -€10.4m
no longer reported in 2025 (was €10.4m)
- Goods and materials +€5.4m
new in 2025: €5.4m
of which Purchases: +€5.4m
- Services and other goods +€3.9m
new in 2025: €3.9m
- Staff costs -€1.0m
down €1.0m (-10.6%), from €9.7m to €8.7m
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
€3,557
Turnover
+€17.7m
Other operating income
+€901,546
Goods and materials
-€5.4m
Services and other goods
-€3.9m
Staff costs
+€1.0m
Depreciation
-€36,893
Write-downs
+€1,100
Other operating charges
+€108,631
Other operating items
-€10.4m
Financial income
+€2,841
Financial charges
-€36,737
Taxes
+€18,373
Result 2025
€4,539
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.
From operations
+€7,477
Investment
-€616,242
Financing
+€523,390
Cash 2024
€90,056
From operations (derived)
+€7,477
Net result for the year
+€4,539
Depreciation
+€204,207
Stocks and contracts
-€5,886
Receivables within one year
-€847,738
Deferred charges and accrued income
+€109,721
Trade debts
-€1.1m
Tax, wage and social debts
+€1.6m
Other debts
+€12,000
Investment (derived)
-€616,242
Investment in fixed assets (net)
-€616,242
Financing
+€523,390
Debts after one year
-€183,046
Current portion of long-term debt
+€129,822
Short-term financial debts
+€576,613
Cash 2025
€4,681
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,112,916 | €5,183,479 | +€1.1m | +26.0% |
| Fixed assets | 21/28 | €518,044 | €930,080 | +€412,036 | +79.5% |
| Intangible fixed assets | 21 | €3,120 | €1,906 | -€1,214 | -38.9% |
| Tangible fixed assets | 22/27 | €343,125 | €750,874 | +€407,749 | +118.8% |
| Land and buildings | 22 | €21,007 | €17,398 | -€3,609 | -17.2% |
| Plant, machinery and equipment | 23 | €319,176 | €232,981 | -€86,195 | -27.0% |
| Furniture and vehicles | 24 | €2,942 | €715 | -€2,227 | -75.7% |
| Other tangible fixed assets | 26 | - | €499,780 | +€499,780 | |
| Financial fixed assets | 28 | €171,800 | €177,300 | +€5,500 | +3.2% |
| Other financial fixed assets | 284/8 | - | €177,300 | +€177,300 | |
| Amounts receivable and cash guarantees | 285/8 | - | €177,300 | +€177,300 | |
| Current assets | 29/58 | €3,594,871 | €4,253,399 | +€658,528 | +18.3% |
| Stocks and contracts in progress | 3 | €158,838 | €164,724 | +€5,886 | +3.7% |
| Stocks | 30/36 | €158,838 | €164,724 | +€5,886 | +3.7% |
| Raw materials and consumables | 30/31 | - | €164,724 | +€164,724 | |
| Amounts receivable within one year | 40/41 | €2,763,110 | €3,610,848 | +€847,738 | +30.7% |
| Trade receivables | 40 | €2,757,785 | €3,391,758 | +€633,973 | +23.0% |
| Other amounts receivable | 41 | €5,325 | €219,090 | +€213,765 | +4014.3% |
| Cash at bank and in hand | 54/58 | €90,056 | €4,681 | -€85,375 | -94.8% |
| Deferred charges and accrued income | 490/1 | €582,868 | €473,146 | -€109,721 | -18.8% |
| Total equity and liabilities | 10/49 | €4,112,916 | €5,183,479 | +€1.1m | +26.0% |
| Equity | 10/15 | €424,721 | €429,259 | +€4,539 | +1.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Revaluation surpluses | 12 | €275,000 | €275,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,721 | €144,259 | +€4,539 | +3.2% |
| Amounts payable | 17/49 | €3,688,195 | €4,754,219 | +€1.1m | +28.9% |
| Amounts payable after more than one year | 17 | €410,130 | €227,084 | -€183,046 | -44.6% |
| Financial debts | 170/4 | €410,130 | €227,084 | -€183,046 | -44.6% |
| Credit institutions | 173 | - | €227,084 | +€227,084 | |
| Amounts payable within one year | 42/48 | €3,278,065 | €4,527,135 | +€1.2m | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €74,257 | €204,080 | +€129,822 | +174.8% |
| Financial debts | 43 | €150,000 | €726,613 | +€576,613 | +384.4% |
| Credit institutions | 430/8 | €150,000 | €726,613 | +€576,613 | +384.4% |
| Trade debts | 44 | €1,916,436 | €836,152 | -€1.1m | -56.4% |
| Suppliers | 440/4 | €1,916,436 | €836,152 | -€1.1m | -56.4% |
| Taxes, remuneration and social security | 45 | €1,111,721 | €2,722,640 | +€1.6m | +144.9% |
| Taxes | 450/3 | €376,951 | €577,607 | +€200,655 | +53.2% |
| Remuneration and social security | 454/9 | €734,770 | €2,145,033 | +€1.4m | +191.9% |
| Other amounts payable | 47/48 | €25,651 | €37,651 | +€12,000 | +46.8% |
| Operating income | 70/76A | - | €18,561,376 | +€18.6m | |
| Turnover | 70 | - | €17,659,830 | +€17.7m | |
| Other operating income | 74 | - | €901,546 | +€901,546 | |
| Operating charges | 60/66A | - | €18,301,479 | +€18.3m | |
| Goods for resale, raw materials and consumables | 60 | - | €5,354,765 | +€5.4m | |
| Purchases | 600/8 | - | €5,360,651 | +€5.4m | |
| Change in stocks: decrease (increase) | 609 | - | -€5,886 | -€5,886 | |
| Services and other goods | 61 | - | €3,860,182 | +€3.9m | |
| Remuneration, social security and pensions | 62 | €9,724,280 | €8,689,818 | -€1.0m | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,313 | €204,207 | +€36,893 | +22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,100 | - | -€1,100 | |
| Other operating charges | 640/8 | €256,586 | €147,956 | -€108,631 | -42.3% |
| Non-recurring operating charges | 66A | €31,419 | €44,552 | +€13,133 | +41.8% |
| Gross operating margin | 9900 | €10,424,091 | - | -€10.4m | |
| Operating profit (loss) | 9901 | €243,392 | €259,897 | +€16,505 | +6.8% |
| Financial income | 75/76B | €1,712 | €4,553 | +€2,841 | +165.9% |
| Recurring financial income | 75 | €1,712 | €4,553 | +€2,841 | +165.9% |
| Other financial income | 752/9 | - | €4,553 | +€4,553 | |
| Financial charges | 65/66B | €128,770 | €165,508 | +€36,737 | +28.5% |
| Recurring financial charges | 65 | €128,770 | €165,508 | +€36,737 | +28.5% |
| Debt charges | 650 | - | €121,798 | +€121,798 | |
| Other financial charges | 652/9 | - | €43,710 | +€43,710 | |
| Profit (loss) for the period before taxes | 9903 | €116,334 | €98,942 | -€17,392 | -14.9% |
| Income taxes | 67/77 | €112,777 | €94,404 | -€18,373 | -16.3% |
| Taxes | 670/3 | - | €94,404 | +€94,404 | |
| Profit (loss) for the period | 9904 | €3,557 | €4,539 | +€981 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,557 | €4,539 | +€981 | +27.6% |
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 1 October 2026 via checked.be.