ECLARON: what changed
ECLARON
Largest movements
- Cash +€88,605
up €88,605 (+89.5%), from €98,970 to €187,575
mainly Net result for the year (+€85,032) and Tax, wage and social debts (+€22,974)
- Receivables within one year +€13,432
up €13,432 (+66.0%), from €20,347 to €33,779
of which Other amounts receivable: +€13,474
- Tangible fixed assets +€5,036
up €5,036 (+312%), from €1,612 to €6,648
- Profit (loss) carried forward +€85,032
up €85,032 (+77.3%), from €109,954 to €194,986
- Tax, wage and social debts +€22,974
up €22,974 (+54.5%), from €42,171 to €65,145
- Gross operating margin -€34,539
down €34,539 (-24.0%), from €143,826 to €109,287
- Taxes -€8,231
down €8,231 (-25.9%), from €31,841 to €23,610
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 | €156,929 | €264,521 | +€107,591 | +68.6% |
| Fixed assets | 21/28 | €1,612 | €6,648 | +€5,036 | +312% |
| Tangible fixed assets | 22/27 | €1,612 | €6,648 | +€5,036 | +312% |
| Furniture and vehicles | 24 | €1,612 | €6,648 | +€5,036 | +312% |
| Current assets | 29/58 | €155,317 | €257,872 | +€102,555 | +66.0% |
| Amounts receivable after more than one year | 29 | €36,000 | €36,000 | = | 0.0% |
| Other amounts receivable | 291 | €36,000 | €36,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,347 | €33,779 | +€13,432 | +66.0% |
| Trade receivables | 40 | €19,617 | €19,575 | -€42 | -0.2% |
| Other amounts receivable | 41 | €730 | €14,204 | +€13,474 | +1,845% |
| Cash at bank and in hand | 54/58 | €98,970 | €187,575 | +€88,605 | +89.5% |
| Deferred charges and accrued income | 490/1 | - | €518 | +€518 | |
| Total equity and liabilities | 10/49 | €156,929 | €264,521 | +€107,591 | +68.6% |
| Equity | 10/15 | €111,154 | €196,186 | +€85,032 | +76.5% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,954 | €194,986 | +€85,032 | +77.3% |
| Amounts payable | 17/49 | €45,776 | €68,335 | +€22,559 | +49.3% |
| Amounts payable within one year | 42/48 | €45,776 | €68,335 | +€22,559 | +49.3% |
| Trade debts | 44 | €3,605 | €3,190 | -€414 | -11.5% |
| Suppliers | 440/4 | €3,605 | €3,190 | -€414 | -11.5% |
| Taxes, remuneration and social security | 45 | €42,171 | €65,145 | +€22,974 | +54.5% |
| Taxes | 450/3 | €42,171 | €65,145 | +€22,974 | +54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,258 | €1,365 | +€107 | +8.5% |
| Other operating charges | 640/8 | €1,559 | €316 | -€1,243 | -79.7% |
| Gross operating margin | 9900 | €143,826 | €109,287 | -€34,539 | -24.0% |
| Operating profit (loss) | 9901 | €141,009 | €107,606 | -€33,403 | -23.7% |
| Financial income | 75/76B | €891 | €2,032 | +€1,141 | +128% |
| Recurring financial income | 75 | €891 | €2,032 | +€1,141 | +128% |
| Financial charges | 65/66B | €106 | €997 | +€891 | +841% |
| Recurring financial charges | 65 | €106 | €997 | +€891 | +841% |
| Profit (loss) for the period before taxes | 9903 | €141,795 | €108,642 | -€33,153 | -23.4% |
| Income taxes | 67/77 | €31,841 | €23,610 | -€8,231 | -25.9% |
| Profit (loss) for the period | 9904 | €109,954 | €85,032 | -€24,922 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €109,954 | €85,032 | -€24,922 | -22.7% |
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 2 November 2026 via checked.be.