Compagnie EUTHERPE: 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
Compagnie EUTHERPE
NACE 69.209, Other tax advisory services
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
-€102,044
31-12-2024 · -€87,201-€14,844
Equity
-€343,750
31-12-2024 · -€241,706-€102,044
Cash
€29,094
31-12-2024 · €15,921+€13,173
Balance sheet total
€1.6m
31-12-2024 · €1.7m-€46,690
Largest movements
Assets
- Tangible fixed assets -€47,478
down €47,478 (-2.9%), from €1.6m to €1.6m
Equity and liabilities
- Profit (loss) carried forward -€102,044
down €102,044 (-12.5%), from -€815,449 to -€917,493
- Debts after one year +€51,663
up €51,663 (+3.3%), from €1.6m to €1.6m
of which Other amounts payable: +€124,793
Income statement
- Financial charges +€8,756
up €8,756 (+21.6%), from €40,539 to €49,295
- Gross operating margin -€5,413
down €5,413 (-14.4%), from €37,598 to €32,186
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
-€87,201
Gross operating margin
-€5,413
Depreciation
-€330
Other operating charges
-€345
Financial income
-€0
Financial charges
-€8,756
Result 31-12-2025
-€102,044
lowers the result
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€19,879
Investment
-€26,126
Financing
+€59,178
Cash 31-12-2024
€15,921
From operations (derived)
-€19,879
Net result for the year
-€102,044
Depreciation
+€73,605
Deferred charges and accrued income
+€12,385
Trade debts
-€14,989
Accrued charges and deferred income
+€11,165
Investment (derived)
-€26,126
Investment in fixed assets (net)
-€26,126
Financing
+€59,178
Debts after one year
+€51,663
Current portion of long-term debt
+€7,515
Cash 31-12-2025
€29,094
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,669,140 | €1,622,450 | -€46,690 | -2.8% |
| Fixed assets | 21/28 | €1,639,862 | €1,592,384 | -€47,478 | -2.9% |
| Tangible fixed assets | 22/27 | €1,639,862 | €1,592,384 | -€47,478 | -2.9% |
| Land and buildings | 22 | €1,639,862 | €1,592,384 | -€47,478 | -2.9% |
| Current assets | 29/58 | €29,278 | €30,066 | +€788 | +2.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €15,921 | €29,094 | +€13,173 | +82.7% |
| Deferred charges and accrued income | 490/1 | €13,357 | €972 | -€12,385 | -92.7% |
| Total equity and liabilities | 10/49 | €1,669,140 | €1,622,450 | -€46,690 | -2.8% |
| Equity | 10/15 | -€241,706 | -€343,750 | -€102,044 | -42.2% |
| Contributions | 10/11 | €554,139 | €554,139 | = | 0.0% |
| Reserves | 13 | €19,604 | €19,604 | = | 0.0% |
| Distributable reserves | 133 | €19,604 | €19,604 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€815,449 | -€917,493 | -€102,044 | -12.5% |
| Amounts payable | 17/49 | €1,910,846 | €1,966,200 | +€55,354 | +2.9% |
| Amounts payable after more than one year | 17 | €1,568,158 | €1,619,821 | +€51,663 | +3.3% |
| Financial debts | 170/4 | €1,140,516 | €1,067,386 | -€73,130 | -6.4% |
| Other amounts payable | 178/9 | €427,642 | €552,435 | +€124,793 | +29.2% |
| Amounts payable within one year | 42/48 | €339,671 | €332,197 | -€7,474 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €71,635 | €79,150 | +€7,515 | +10.5% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €18,036 | €3,047 | -€14,989 | -83.1% |
| Suppliers | 440/4 | €18,036 | €3,047 | -€14,989 | -83.1% |
| Accrued charges and deferred income | 492/3 | €3,017 | €14,182 | +€11,165 | +370% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,275 | €73,605 | +€330 | +0.5% |
| Other operating charges | 640/8 | €10,985 | €11,330 | +€345 | +3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €37,598 | €32,186 | -€5,413 | -14.4% |
| Operating profit (loss) | 9901 | -€46,661 | -€52,750 | -€6,088 | -13.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €40,539 | €49,295 | +€8,756 | +21.6% |
| Recurring financial charges | 65 | €40,539 | €49,295 | +€8,756 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | -€87,201 | -€102,044 | -€14,844 | -17.0% |
| Profit (loss) for the period | 9904 | -€87,201 | -€102,044 | -€14,844 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,201 | -€102,044 | -€14,844 | -17.0% |
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 15 October 2026 via checked.be.