Thomas Eeckhaudt: 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.
Thomas Eeckhaudt
Largest movements
- Cash +€69,148
up €69,148 (+173.6%), from €39,832 to €108,980
mainly Net result for the year (+€122,589) and Current investments (+€13,000)
- Current investments -€13,000
down €13,000 (-13.8%), from €94,000 to €81,000
- Deferred charges and accrued income +€11,704
up €11,704 (+696.6%), from €1,680 to €13,384
- Reserves +€53,888
up €53,888 (+134.7%), from €39,995 to €93,883
- Tax, wage and social debts +€8,995
up €8,995 (+25.1%), from €35,843 to €44,838
- Profit (loss) carried forward +€8,701
up €8,701 (+12.0%), from €72,718 to €81,420
- Turnover +€16,828
up €16,828 (+8.6%), from €196,697 to €213,526
- Gross operating margin +€14,275
up €14,275 (+10.3%), from €138,412 to €152,687
- Purchases and services +€2,553
up €2,553 (+4.4%), from €58,502 to €61,055
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 | €164,025 | €235,578 | +€71,553 | +43.6% |
| Fixed assets | 21/28 | €1,344 | €3,677 | +€2,333 | +173.5% |
| Tangible fixed assets | 22/27 | €1,344 | €3,677 | +€2,333 | +173.5% |
| Furniture and vehicles | 24 | €1,344 | €3,677 | +€2,333 | +173.5% |
| Current assets | 29/58 | €162,681 | €231,902 | +€69,221 | +42.5% |
| Amounts receivable within one year | 40/41 | €27,169 | €28,538 | +€1,369 | +5.0% |
| Trade receivables | 40 | €27,169 | €28,538 | +€1,369 | +5.0% |
| Current investments | 50/53 | €94,000 | €81,000 | -€13,000 | -13.8% |
| Cash at bank and in hand | 54/58 | €39,832 | €108,980 | +€69,148 | +173.6% |
| Deferred charges and accrued income | 490/1 | €1,680 | €13,384 | +€11,704 | +696.6% |
| Total equity and liabilities | 10/49 | €164,025 | €235,578 | +€71,553 | +43.6% |
| Equity | 10/15 | €127,713 | €190,303 | +€62,589 | +49.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €39,995 | €93,883 | +€53,888 | +134.7% |
| Tax-exempt reserves | 132 | €39,995 | €93,883 | +€53,888 | +134.7% |
| Profit (loss) carried forward | 14 | €72,718 | €81,420 | +€8,701 | +12.0% |
| Amounts payable | 17/49 | €36,312 | €45,276 | +€8,964 | +24.7% |
| Amounts payable within one year | 42/48 | €36,312 | €45,276 | +€8,964 | +24.7% |
| Trade debts | 44 | €469 | €438 | -€31 | -6.7% |
| Suppliers | 440/4 | €469 | €438 | -€31 | -6.7% |
| Taxes, remuneration and social security | 45 | €35,843 | €44,838 | +€8,995 | +25.1% |
| Taxes | 450/3 | €35,843 | €44,838 | +€8,995 | +25.1% |
| Turnover | 70 | €196,697 | €213,526 | +€16,828 | +8.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €58,502 | €61,055 | +€2,553 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347 | €208 | -€139 | -40.1% |
| Other operating charges | 640/8 | €481 | €374 | -€107 | -22.2% |
| Non-recurring operating charges | 66A | - | €260 | +€260 | |
| Gross operating margin | 9900 | €138,412 | €152,687 | +€14,275 | +10.3% |
| Operating profit (loss) | 9901 | €137,584 | €151,845 | +€14,261 | +10.4% |
| Financial income | 75/76B | €785 | €1,406 | +€621 | +79.1% |
| Recurring financial income | 75 | €785 | €1,406 | +€621 | +79.1% |
| Financial charges | 65/66B | €73 | €40 | -€33 | -44.7% |
| Recurring financial charges | 65 | €73 | €40 | -€33 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €138,296 | €153,211 | +€14,915 | +10.8% |
| Income taxes | 67/77 | €29,358 | €30,622 | +€1,263 | +4.3% |
| Profit (loss) for the period | 9904 | €108,938 | €122,589 | +€13,652 | +12.5% |
| Transfer to tax-exempt reserves | 689 | €39,995 | €53,888 | +€13,893 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,943 | €68,701 | -€241 | -0.4% |
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 11 October 2026 via checked.be.