PHOTOSYNTHESE by ECLIPSE: 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.
PHOTOSYNTHESE by ECLIPSE
Largest movements
- Cash +€17,589
up €17,589 (+154%), from €11,436 to €29,025
mainly Net result for the year (+€42,450) and Depreciation (+€5,423)
- Intangible fixed assets -€4,171
down €4,171 (-20.2%), from €20,646 to €16,476
- Receivables within one year -€3,235
down €3,235 (-64.0%), from €5,058 to €1,823
of which Trade receivables: -€4,202
- Current investments -€1,946
no longer reported in 2025 (was €1,946)
- Tangible fixed assets +€850
up €850 (+39.7%), from €2,143 to €2,993
of which Plant, machinery and equipment: +€1,707
- Reserves +€42,450
up €42,450 (+343%), from €12,372 to €54,822
- Debts after one year -€33,000
down €33,000 (-42.3%), from €78,000 to €45,000
- Tax, wage and social debts +€4,450
up €4,450 (+299%), from €1,490 to €5,940
- Trade debts -€4,077
down €4,077 (-55.8%), from €7,307 to €3,231
- Other debts -€1,317
down €1,317 (-17.0%), from €7,766 to €6,449
- Gross operating margin +€33,352
up €33,352 (+158%), from €21,173 to €54,525
- Taxes +€3,244
up €3,244 (+255%), from €1,273 to €4,517
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,147 | €55,788 | +€9,642 | +20.9% |
| Fixed assets | 21/28 | €27,355 | €24,469 | -€2,886 | -10.6% |
| Intangible fixed assets | 21 | €20,646 | €16,476 | -€4,171 | -20.2% |
| Tangible fixed assets | 22/27 | €2,143 | €2,993 | +€850 | +39.7% |
| Plant, machinery and equipment | 23 | €612 | €2,319 | +€1,707 | +279% |
| Furniture and vehicles | 24 | €1,531 | €674 | -€856 | -55.9% |
| Financial fixed assets | 28 | €4,566 | €5,000 | +€434 | +9.5% |
| Current assets | 29/58 | €18,791 | €31,319 | +€12,528 | +66.7% |
| Amounts receivable within one year | 40/41 | €5,058 | €1,823 | -€3,235 | -64.0% |
| Trade receivables | 40 | €4,815 | €613 | -€4,202 | -87.3% |
| Other amounts receivable | 41 | €243 | €1,210 | +€967 | +397% |
| Current investments | 50/53 | €1,946 | - | -€1,946 | |
| Cash at bank and in hand | 54/58 | €11,436 | €29,025 | +€17,589 | +154% |
| Deferred charges and accrued income | 490/1 | €350 | €471 | +€121 | +34.4% |
| Total equity and liabilities | 10/49 | €46,147 | €55,788 | +€9,642 | +20.9% |
| Equity | 10/15 | -€60,905 | -€18,455 | +€42,450 | +69.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €12,372 | €54,822 | +€42,450 | +343% |
| Distributable reserves | 133 | €12,372 | €54,822 | +€42,450 | +343% |
| Profit (loss) carried forward | 14 | -€113,277 | -€113,277 | = | 0.0% |
| Amounts payable | 17/49 | €107,052 | €74,243 | -€32,809 | -30.6% |
| Amounts payable after more than one year | 17 | €78,000 | €45,000 | -€33,000 | -42.3% |
| Other amounts payable | 178/9 | €78,000 | €45,000 | -€33,000 | -42.3% |
| Amounts payable within one year | 42/48 | €29,052 | €29,243 | +€191 | +0.7% |
| Financial debts | 43 | €12,488 | €13,623 | +€1,135 | +9.1% |
| Credit institutions | 430/8 | €12,488 | €13,623 | +€1,135 | +9.1% |
| Trade debts | 44 | €7,307 | €3,231 | -€4,077 | -55.8% |
| Suppliers | 440/4 | €7,307 | €3,231 | -€4,077 | -55.8% |
| Taxes, remuneration and social security | 45 | €1,490 | €5,940 | +€4,450 | +299% |
| Taxes | 450/3 | €1,490 | €5,940 | +€4,450 | +299% |
| Other amounts payable | 47/48 | €7,766 | €6,449 | -€1,317 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,436 | €5,423 | -€13 | -0.2% |
| Other operating charges | 640/8 | €109 | - | -€109 | |
| Gross operating margin | 9900 | €21,173 | €54,525 | +€33,352 | +158% |
| Operating profit (loss) | 9901 | €15,628 | €49,102 | +€33,474 | +214% |
| Financial income | 75/76B | €2 | €1 | -€1 | -32.2% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -32.2% |
| Financial charges | 65/66B | €1,985 | €2,135 | +€150 | +7.6% |
| Recurring financial charges | 65 | €1,985 | €2,135 | +€150 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €13,645 | €46,968 | +€33,323 | +244% |
| Income taxes | 67/77 | €1,273 | €4,517 | +€3,244 | +255% |
| Profit (loss) for the period | 9904 | €12,372 | €42,450 | +€30,078 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €12,372 | €42,450 | +€30,078 | +243% |
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 22 October 2026 via checked.be.