EINDGOED: 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.
EINDGOED
Largest movements
- Receivables after one year +€687,500
up €687,500 (+18.1%), from €3.8m to €4.5m
- Tangible fixed assets -€190,064
down €190,064 (-8.7%), from €2.2m to €2.0m
of which Land and buildings: -€155,531
- Receivables within one year +€124,484
up €124,484 (+29.6%), from €420,156 to €544,640
of which Other amounts receivable: +€124,509
- Debts after one year +€427,493
up €427,493 (+35.2%), from €1.2m to €1.6m
of which Other amounts payable: +€537,500
- Provisions +€170,987
up €170,987 (+4.9%), from €3.5m to €3.7m
of which Provisions for liabilities and charges: +€172,836
- Other debts +€145,149
up €145,149 (+7.9%), from €1.8m to €2.0m
- Profit (loss) carried forward -€109,802
down €109,802 (-13.8%), from -€793,614 to -€903,416
- Financial income +€16,542
up €16,542 (+15.3%), from €108,342 to €124,883
- Financial charges +€14,575
up €14,575 (+6.2%), from €235,833 to €250,408
- Gross operating margin +€7,734
up €7,734 (+3.7%), from €207,136 to €214,870
- Depreciation -€4,742
down €4,742 (-2.4%), from €200,503 to €195,761
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 | €8,962,895 | €9,589,831 | +€626,936 | +7.0% |
| Fixed assets | 21/28 | €4,693,581 | €4,503,516 | -€190,064 | -4.0% |
| Tangible fixed assets | 22/27 | €2,184,281 | €1,994,216 | -€190,064 | -8.7% |
| Land and buildings | 22 | €2,045,342 | €1,889,811 | -€155,531 | -7.6% |
| Plant, machinery and equipment | 23 | €31,252 | €27,346 | -€3,906 | -12.5% |
| Furniture and vehicles | 24 | €107,687 | €77,060 | -€30,627 | -28.4% |
| Financial fixed assets | 28 | €2,509,300 | €2,509,300 | = | 0.0% |
| Current assets | 29/58 | €4,269,315 | €5,086,315 | +€817,000 | +19.1% |
| Amounts receivable after more than one year | 29 | €3,797,358 | €4,484,858 | +€687,500 | +18.1% |
| Other amounts receivable | 291 | €3,797,358 | €4,484,858 | +€687,500 | +18.1% |
| Amounts receivable within one year | 40/41 | €420,156 | €544,640 | +€124,484 | +29.6% |
| Trade receivables | 40 | €40,358 | €40,333 | -€25 | -0.1% |
| Other amounts receivable | 41 | €379,798 | €504,307 | +€124,509 | +32.8% |
| Cash at bank and in hand | 54/58 | €44,945 | €49,282 | +€4,337 | +9.6% |
| Deferred charges and accrued income | 490/1 | €6,856 | €7,536 | +€680 | +9.9% |
| Total equity and liabilities | 10/49 | €8,962,895 | €9,589,831 | +€626,936 | +7.0% |
| Equity | 10/15 | €2,278,548 | €2,163,199 | -€115,349 | -5.1% |
| Contributions | 10/11 | €2,844,849 | €2,844,849 | = | 0.0% |
| Reserves | 13 | €227,313 | €221,766 | -€5,547 | -2.4% |
| Tax-exempt reserves | 132 | €227,313 | €221,766 | -€5,547 | -2.4% |
| Profit (loss) carried forward | 14 | -€793,614 | -€903,416 | -€109,802 | -13.8% |
| Provisions and deferred taxes | 16 | €3,493,571 | €3,664,558 | +€170,987 | +4.9% |
| Provisions for liabilities and charges | 160/5 | €3,435,586 | €3,608,423 | +€172,836 | +5.0% |
| Other liabilities and charges | 164/5 | €3,435,586 | €3,608,423 | +€172,836 | +5.0% |
| Deferred taxes | 168 | €57,984 | €56,135 | -€1,849 | -3.2% |
| Amounts payable | 17/49 | €3,190,777 | €3,762,075 | +€571,298 | +17.9% |
| Amounts payable after more than one year | 17 | €1,214,255 | €1,641,749 | +€427,493 | +35.2% |
| Financial debts | 170/4 | €1,214,255 | €1,104,249 | -€110,007 | -9.1% |
| Other amounts payable | 178/9 | - | €537,500 | +€537,500 | |
| Amounts payable within one year | 42/48 | €1,973,496 | €2,117,301 | +€143,805 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €109,098 | €110,007 | +€909 | +0.8% |
| Trade debts | 44 | €12,225 | €6,677 | -€5,548 | -45.4% |
| Suppliers | 440/4 | €12,225 | €6,677 | -€5,548 | -45.4% |
| Taxes, remuneration and social security | 45 | €8,116 | €11,412 | +€3,295 | +40.6% |
| Taxes | 450/3 | €8,116 | €11,412 | +€3,295 | +40.6% |
| Other amounts payable | 47/48 | €1,844,057 | €1,989,205 | +€145,149 | +7.9% |
| Accrued charges and deferred income | 492/3 | €3,025 | €3,025 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,503 | €195,761 | -€4,742 | -2.4% |
| Other operating charges | 640/8 | €10,349 | €10,409 | +€59 | +0.6% |
| Gross operating margin | 9900 | €207,136 | €214,870 | +€7,734 | +3.7% |
| Operating profit (loss) | 9901 | -€3,715 | €8,701 | +€12,416 | |
| Financial income | 75/76B | €108,342 | €124,883 | +€16,542 | +15.3% |
| Recurring financial income | 75 | €108,342 | €124,883 | +€16,542 | +15.3% |
| Financial charges | 65/66B | €235,833 | €250,408 | +€14,575 | +6.2% |
| Recurring financial charges | 65 | €235,833 | €250,408 | +€14,575 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€131,206 | -€116,824 | +€14,382 | +11.0% |
| Transfer from deferred taxes | 780 | €1,849 | €1,849 | = | 0.0% |
| Income taxes | 67/77 | €450 | €374 | -€76 | -16.8% |
| Profit (loss) for the period | 9904 | -€129,807 | -€115,349 | +€14,458 | +11.1% |
| Transfer from tax-exempt reserves | 789 | €5,547 | €5,547 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€124,260 | -€109,802 | +€14,458 | +11.6% |
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 4 October 2026 via checked.be.