Eczane: 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.
What changed
Eczane
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€14,375
2024 · -€15,615+€1,239
Equity
€149,529
2024 · €163,904-€14,375
Cash
€543
2024 · €164+€379
Balance sheet total
€2.1m
2024 · €2.1m-€69,985
Largest movements
Assets
- Tangible fixed assets -€82,620
down €82,620 (-9.3%), from €892,775 to €810,155
of which Land and buildings: -€48,307
Equity and liabilities
- Debts after one year -€88,698
down €88,698 (-5.3%), from €1.7m to €1.6m
of which Financial debts: -€88,698
- Other debts +€36,962
up €36,962 (+20.1%), from €183,690 to €220,652
Income statement
- Gross operating margin +€7,435
up €7,435 (+8.7%), from €85,381 to €92,816
- Financial charges +€6,189
up €6,189 (+46.4%), from €13,330 to €19,519
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.
Result 2024
-€15,615
Gross operating margin
+€7,435
Other operating charges
+€76
Financial income
-€83
Financial charges
-€6,189
Result 2025
-€14,375
raises the resultlowers the result
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.
From operations
+€87,399
Investment
-€212
Financing
-€86,808
Cash 2024
€164
From operations (derived)
+€87,399
Net result for the year
-€14,375
Depreciation
+€82,620
Receivables within one year
-€12,027
Deferred charges and accrued income
-€18
Trade debts
-€2,215
Tax, wage and social debts
-€2,230
Other debts
+€36,962
Accrued charges and deferred income
-€1,319
Investment (derived)
-€212
Investment in fixed assets (net)
-€212
Financing
-€86,808
Debts after one year
-€88,698
Current portion of long-term debt
+€1,890
Cash 2025
€543
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,128,368 | €2,058,383 | -€69,985 | -3.3% |
| Fixed assets | 21/28 | €1,891,833 | €1,809,425 | -€82,408 | -4.4% |
| Tangible fixed assets | 22/27 | €892,775 | €810,155 | -€82,620 | -9.3% |
| Land and buildings | 22 | €723,476 | €675,169 | -€48,307 | -6.7% |
| Plant, machinery and equipment | 23 | €169,299 | €134,986 | -€34,313 | -20.3% |
| Financial fixed assets | 28 | €999,058 | €999,270 | +€212 | 0.0% |
| Current assets | 29/58 | €236,535 | €248,958 | +€12,423 | +5.3% |
| Amounts receivable within one year | 40/41 | €235,581 | €247,608 | +€12,027 | +5.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €235,581 | €247,608 | +€12,027 | +5.1% |
| Cash at bank and in hand | 54/58 | €164 | €543 | +€379 | +230% |
| Deferred charges and accrued income | 490/1 | €789 | €807 | +€18 | +2.2% |
| Total equity and liabilities | 10/49 | €2,128,368 | €2,058,383 | -€69,985 | -3.3% |
| Equity | 10/15 | €163,904 | €149,529 | -€14,375 | -8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,304 | €130,929 | -€14,375 | -9.9% |
| Distributable reserves | 133 | €145,304 | €130,929 | -€14,375 | -9.9% |
| Amounts payable | 17/49 | €1,964,464 | €1,908,855 | -€55,610 | -2.8% |
| Amounts payable after more than one year | 17 | €1,682,651 | €1,593,953 | -€88,698 | -5.3% |
| Financial debts | 170/4 | €1,485,940 | €1,397,242 | -€88,698 | -6.0% |
| Other amounts payable | 178/9 | €196,711 | €196,711 | = | 0.0% |
| Amounts payable within one year | 42/48 | €279,780 | €314,188 | +€34,408 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €89,178 | €91,068 | +€1,890 | +2.1% |
| Trade debts | 44 | €4,683 | €2,468 | -€2,215 | -47.3% |
| Suppliers | 440/4 | €4,683 | €2,468 | -€2,215 | -47.3% |
| Taxes, remuneration and social security | 45 | €2,230 | €0 | -€2,230 | -100% |
| Taxes | 450/3 | €2,230 | €0 | -€2,230 | -100% |
| Other amounts payable | 47/48 | €183,690 | €220,652 | +€36,962 | +20.1% |
| Accrued charges and deferred income | 492/3 | €2,033 | €714 | -€1,319 | -64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,620 | €82,620 | = | 0.0% |
| Other operating charges | 640/8 | €7,372 | €7,296 | -€76 | -1.0% |
| Gross operating margin | 9900 | €85,381 | €92,816 | +€7,435 | +8.7% |
| Operating profit (loss) | 9901 | -€4,611 | €2,900 | +€7,511 | |
| Financial income | 75/76B | €2,326 | €2,244 | -€83 | -3.6% |
| Recurring financial income | 75 | €2,326 | €2,244 | -€83 | -3.6% |
| Financial charges | 65/66B | €13,330 | €19,519 | +€6,189 | +46.4% |
| Recurring financial charges | 65 | €13,330 | €19,519 | +€6,189 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,615 | -€14,375 | +€1,239 | +7.9% |
| Profit (loss) for the period | 9904 | -€15,615 | -€14,375 | +€1,239 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,615 | -€14,375 | +€1,239 | +7.9% |
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 1 November 2026 via checked.be.