S.P. EAGLE: 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.
S.P. EAGLE
Largest movements
- Receivables within one year -€136,567
down €136,567 (-90.9%), from €150,194 to €13,627
of which Trade receivables: -€135,670
- Stocks and contracts -€116,805
no longer reported in 2025 (was €116,805)
- Cash -€17,904
down €17,904 (-77.0%), from €23,248 to €5,344
mainly Trade debts (-€216,182) and Other debts (-€48,840)
- Trade debts -€216,182
down €216,182 (-98.9%), from €218,629 to €2,447
- Other debts -€48,840
no longer reported in 2025 (was €48,840)
- Short-term financial debts -€17,615
no longer reported in 2025 (was €17,615)
- Profit (loss) carried forward +€13,179
up €13,179 (+78.3%), from -€16,831 to -€3,652
- Gross operating margin +€48,157
up €48,157, from -€23,353 to €24,803
- Financial income +€12,734
up €12,734 (+4,632%), from €275 to €13,008
- Financial charges +€10,308
up €10,308 (+81.0%), from €12,733 to €23,041
- Taxes +€6,630
up €6,630, from -€5,159 to €1,472
- Other operating charges -€385
down €385 (-76.3%), from €505 to €120
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 | €291,533 | €20,091 | -€271,442 | -93.1% |
| Fixed assets | 21/28 | €1,286 | €1,120 | -€166 | -12.9% |
| Financial fixed assets | 28 | €1,286 | €1,120 | -€166 | -12.9% |
| Current assets | 29/58 | €290,247 | €18,971 | -€271,276 | -93.5% |
| Stocks and contracts in progress | 3 | €116,805 | - | -€116,805 | |
| Stocks | 30/36 | €116,805 | - | -€116,805 | |
| Amounts receivable within one year | 40/41 | €150,194 | €13,627 | -€136,567 | -90.9% |
| Trade receivables | 40 | €148,130 | €12,460 | -€135,670 | -91.6% |
| Other amounts receivable | 41 | €2,063 | €1,167 | -€897 | -43.5% |
| Cash at bank and in hand | 54/58 | €23,248 | €5,344 | -€17,904 | -77.0% |
| Total equity and liabilities | 10/49 | €291,533 | €20,091 | -€271,442 | -93.1% |
| Equity | 10/15 | €3,652 | €16,831 | +€13,179 | +361% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,891 | €1,891 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,891 | €1,891 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,891 | €1,891 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,831 | -€3,652 | +€13,179 | +78.3% |
| Amounts payable | 17/49 | €287,881 | €3,260 | -€284,621 | -98.9% |
| Amounts payable within one year | 42/48 | €287,881 | €3,260 | -€284,621 | -98.9% |
| Financial debts | 43 | €17,615 | - | -€17,615 | |
| Other loans | 439 | €17,615 | - | -€17,615 | |
| Trade debts | 44 | €218,629 | €2,447 | -€216,182 | -98.9% |
| Suppliers | 440/4 | €218,629 | €2,447 | -€216,182 | -98.9% |
| Taxes, remuneration and social security | 45 | €2,796 | €813 | -€1,983 | -70.9% |
| Taxes | 450/3 | €2,796 | €813 | -€1,983 | -70.9% |
| Other amounts payable | 47/48 | €48,840 | - | -€48,840 | |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Gross operating margin | 9900 | -€23,353 | €24,803 | +€48,157 | |
| Operating profit (loss) | 9901 | -€23,859 | €24,683 | +€48,542 | |
| Financial income | 75/76B | €275 | €13,008 | +€12,734 | +4,632% |
| Recurring financial income | 75 | €275 | €13,008 | +€12,734 | +4,632% |
| Financial charges | 65/66B | €12,733 | €23,041 | +€10,308 | +81.0% |
| Recurring financial charges | 65 | €12,733 | €23,041 | +€10,308 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,317 | €14,651 | +€50,968 | |
| Income taxes | 67/77 | -€5,159 | €1,472 | +€6,630 | |
| Profit (loss) for the period | 9904 | -€31,158 | €13,179 | +€44,337 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,158 | €13,179 | +€44,337 |
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 17 October 2026 via checked.be.