’t Eels Brood: 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.
’t Eels Brood
Largest movements
- Cash -€20,502
down €20,502 (-68.4%), from €29,962 to €9,460
mainly Other debts (-€21,000) and Tax, wage and social debts (-€7,601)
- Receivables within one year +€4,505
up €4,505 (+495.4%), from €909 to €5,414
of which Other amounts receivable: +€4,224
- Stocks and contracts -€2,334
down €2,334 (-11.9%), from €19,603 to €17,269
- Tangible fixed assets +€1,187
up €1,187 (+7.6%), from €15,647 to €16,834
of which Other tangible fixed assets: +€689
- Intangible fixed assets -€800
down €800 (-11.4%), from €7,001 to €6,201
- Other debts -€21,000
down €21,000 (-35.5%), from €59,080 to €38,080
- Profit (loss) carried forward +€8,954
up €8,954 (+47.0%), from -€19,037 to -€10,083
- Tax, wage and social debts -€7,601
down €7,601 (-45.1%), from €16,851 to €9,250
of which Remuneration and social security: -€7,249
- Trade debts +€2,780
up €2,780 (+22.1%), from €12,598 to €15,379
- Staff costs -€14,590
down €14,590 (-17.4%), from €83,709 to €69,119
- Depreciation +€1,087
up €1,087 (+21.9%), from €4,958 to €6,045
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 | €73,138 | €55,626 | -€17,512 | -23.9% |
| Fixed assets | 21/28 | €22,647 | €23,035 | +€387 | +1.7% |
| Intangible fixed assets | 21 | €7,001 | €6,201 | -€800 | -11.4% |
| Tangible fixed assets | 22/27 | €15,647 | €16,834 | +€1,187 | +7.6% |
| Plant, machinery and equipment | 23 | €14,584 | €15,083 | +€499 | +3.4% |
| Other tangible fixed assets | 26 | €1,063 | €1,751 | +€689 | +64.8% |
| Current assets | 29/58 | €50,491 | €32,592 | -€17,899 | -35.5% |
| Stocks and contracts in progress | 3 | €19,603 | €17,269 | -€2,334 | -11.9% |
| Stocks | 30/36 | €19,603 | €17,269 | -€2,334 | -11.9% |
| Amounts receivable within one year | 40/41 | €909 | €5,414 | +€4,505 | +495.4% |
| Trade receivables | 40 | €869 | €1,150 | +€281 | +32.4% |
| Other amounts receivable | 41 | €41 | €4,264 | +€4,224 | +10385.1% |
| Cash at bank and in hand | 54/58 | €29,962 | €9,460 | -€20,502 | -68.4% |
| Deferred charges and accrued income | 490/1 | €16 | €449 | +€433 | +2742.3% |
| Total equity and liabilities | 10/49 | €73,138 | €55,626 | -€17,512 | -23.9% |
| Equity | 10/15 | -€16,037 | -€7,083 | +€8,954 | +55.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,037 | -€10,083 | +€8,954 | +47.0% |
| Amounts payable | 17/49 | €89,175 | €62,709 | -€26,466 | -29.7% |
| Amounts payable within one year | 42/48 | €88,530 | €62,709 | -€25,821 | -29.2% |
| Trade debts | 44 | €12,598 | €15,379 | +€2,780 | +22.1% |
| Suppliers | 440/4 | €12,598 | €15,379 | +€2,780 | +22.1% |
| Taxes, remuneration and social security | 45 | €16,851 | €9,250 | -€7,601 | -45.1% |
| Taxes | 450/3 | €351 | - | -€351 | |
| Remuneration and social security | 454/9 | €16,500 | €9,250 | -€7,249 | -43.9% |
| Other amounts payable | 47/48 | €59,080 | €38,080 | -€21,000 | -35.5% |
| Accrued charges and deferred income | 492/3 | €645 | - | -€645 | |
| Non-recurring operating income | 76A | - | €2,839 | +€2,839 | |
| Remuneration, social security and pensions | 62 | €83,709 | €69,119 | -€14,590 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,958 | €6,045 | +€1,087 | +21.9% |
| Other operating charges | 640/8 | €193 | €195 | +€2 | +1.0% |
| Gross operating margin | 9900 | €86,074 | €85,429 | -€645 | -0.7% |
| Operating profit (loss) | 9901 | -€2,786 | €10,070 | +€12,856 | |
| Financial income | 75/76B | €5 | €8 | +€2 | +45.3% |
| Recurring financial income | 75 | €5 | €8 | +€2 | +45.3% |
| Financial charges | 65/66B | €1,461 | €1,121 | -€340 | -23.3% |
| Recurring financial charges | 65 | €1,461 | €1,121 | -€340 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,242 | €8,957 | +€13,199 | |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€4,242 | €8,954 | +€13,196 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,242 | €8,954 | +€13,196 |
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 29 September 2026 via checked.be.