Toon Eeckhout: what changed
Toon Eeckhout
Largest movements
- Cash +€7,665
up €7,665 (+35.7%), from €21,456 to €29,121
mainly Net result for the year (+€16,412) and Trade debts (+€8,302)
- Receivables within one year +€7,494
up €7,494 (+17.1%), from €43,729 to €51,223
of which Other amounts receivable: +€5,473
- Tangible fixed assets -€6,076
down €6,076 (-63.8%), from €9,518 to €3,443
- Financial fixed assets +€1,452
new in 2025: €1,452
- Reserves +€16,412
up €16,412 (+37.4%), from €43,890 to €60,302
- Tax, wage and social debts -€14,179
down €14,179 (-66.0%), from €21,472 to €7,293
- Trade debts +€8,302
up €8,302 (+191%), from €4,342 to €12,643
- Gross operating margin +€22,907
up €22,907 (+463%), from €4,947 to €27,854
- Taxes +€4,402
up €4,402 (+2,193%), from €201 to €4,603
- Other operating charges +€1,721
up €1,721 (+190%), from €907 to €2,628
- Depreciation +€687
up €687 (+12.8%), from €5,388 to €6,076
- Financial income +€379
up €379 (+18.3%), from €2,077 to €2,456
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,704 | €85,239 | +€10,535 | +14.1% |
| Fixed assets | 21/28 | €9,518 | €4,895 | -€4,624 | -48.6% |
| Tangible fixed assets | 22/27 | €9,518 | €3,443 | -€6,076 | -63.8% |
| Furniture and vehicles | 24 | €9,518 | €3,443 | -€6,076 | -63.8% |
| Financial fixed assets | 28 | - | €1,452 | +€1,452 | |
| Current assets | 29/58 | €65,186 | €80,344 | +€15,158 | +23.3% |
| Amounts receivable within one year | 40/41 | €43,729 | €51,223 | +€7,494 | +17.1% |
| Trade receivables | 40 | €5,720 | €7,740 | +€2,020 | +35.3% |
| Other amounts receivable | 41 | €38,009 | €43,483 | +€5,473 | +14.4% |
| Cash at bank and in hand | 54/58 | €21,456 | €29,121 | +€7,665 | +35.7% |
| Total equity and liabilities | 10/49 | €74,704 | €85,239 | +€10,535 | +14.1% |
| Equity | 10/15 | €48,890 | €65,302 | +€16,412 | +33.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,890 | €60,302 | +€16,412 | +37.4% |
| Distributable reserves | 133 | €43,890 | €60,302 | +€16,412 | +37.4% |
| Amounts payable | 17/49 | €25,814 | €19,937 | -€5,877 | -22.8% |
| Amounts payable within one year | 42/48 | €25,814 | €19,937 | -€5,877 | -22.8% |
| Trade debts | 44 | €4,342 | €12,643 | +€8,302 | +191% |
| Suppliers | 440/4 | €4,342 | €12,643 | +€8,302 | +191% |
| Taxes, remuneration and social security | 45 | €21,472 | €7,293 | -€14,179 | -66.0% |
| Taxes | 450/3 | €21,472 | €7,293 | -€14,179 | -66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,388 | €6,076 | +€687 | +12.8% |
| Other operating charges | 640/8 | €907 | €2,628 | +€1,721 | +190% |
| Gross operating margin | 9900 | €4,947 | €27,854 | +€22,907 | +463% |
| Operating profit (loss) | 9901 | -€1,348 | €19,151 | +€20,498 | |
| Financial income | 75/76B | €2,077 | €2,456 | +€379 | +18.3% |
| Recurring financial income | 75 | €2,077 | €2,456 | +€379 | +18.3% |
| Financial charges | 65/66B | €429 | €592 | +€163 | +38.1% |
| Recurring financial charges | 65 | €429 | €439 | +€9 | +2.2% |
| Non-recurring financial charges | 66B | - | €154 | +€154 | |
| Profit (loss) for the period before taxes | 9903 | €300 | €21,015 | +€20,714 | +6,896% |
| Income taxes | 67/77 | €201 | €4,603 | +€4,402 | +2,193% |
| Profit (loss) for the period | 9904 | €100 | €16,412 | +€16,312 | +16,373% |
| Profit (loss) for the period to be appropriated | 9905 | €100 | €16,412 | +€16,312 | +16,373% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.