E-EUROTECH: 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.
E-EUROTECH
Largest movements
- Receivables within one year +€35,470
up €35,470 (+24.0%), from €147,526 to €182,995
of which Trade receivables: +€35,689
- Deferred charges and accrued income -€32,014
down €32,014 (-58.3%), from €54,928 to €22,914
- Tangible fixed assets -€25,308
down €25,308 (-16.8%), from €150,875 to €125,566
of which Furniture and vehicles: -€23,633
- Cash -€17,303
down €17,303 (-46.3%), from €37,382 to €20,079
mainly Receivables within one year (-€35,470) and Tax, wage and social debts (-€33,768)
- Tax, wage and social debts -€33,768
down €33,768 (-72.2%), from €46,791 to €13,023
of which Taxes: -€33,763
- Reserves -€11,018
down €11,018 (-3.6%), from €310,108 to €299,090
- Trade debts +€5,631
up €5,631 (+32.6%), from €17,296 to €22,926
- Gross operating margin +€17,460
up €17,460 (+30.5%), from €57,209 to €74,670
- Depreciation +€12,882
up €12,882 (+73.7%), from €17,479 to €30,362
- Staff costs +€9,066
up €9,066 (+91.6%), from €9,893 to €18,959
- Taxes +€3,154
up €3,154 (+48.9%), from €6,446 to €9,600
- Other operating charges -€1,860
down €1,860 (-22.6%), from €8,238 to €6,378
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 | €394,195 | €355,040 | -€39,155 | -9.9% |
| Fixed assets | 21/28 | €154,360 | €129,051 | -€25,308 | -16.4% |
| Tangible fixed assets | 22/27 | €150,875 | €125,566 | -€25,308 | -16.8% |
| Plant, machinery and equipment | 23 | €23,094 | €21,418 | -€1,676 | -7.3% |
| Furniture and vehicles | 24 | €127,781 | €104,148 | -€23,633 | -18.5% |
| Financial fixed assets | 28 | €3,485 | €3,485 | = | 0.0% |
| Current assets | 29/58 | €239,835 | €225,988 | -€13,847 | -5.8% |
| Amounts receivable within one year | 40/41 | €147,526 | €182,995 | +€35,470 | +24.0% |
| Trade receivables | 40 | €79,116 | €114,805 | +€35,689 | +45.1% |
| Other amounts receivable | 41 | €68,410 | €68,190 | -€220 | -0.3% |
| Cash at bank and in hand | 54/58 | €37,382 | €20,079 | -€17,303 | -46.3% |
| Deferred charges and accrued income | 490/1 | €54,928 | €22,914 | -€32,014 | -58.3% |
| Total equity and liabilities | 10/49 | €394,195 | €355,040 | -€39,155 | -9.9% |
| Equity | 10/15 | €330,108 | €319,090 | -€11,018 | -3.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €310,108 | €299,090 | -€11,018 | -3.6% |
| Distributable reserves | 133 | €310,108 | €299,090 | -€11,018 | -3.6% |
| Amounts payable | 17/49 | €64,087 | €35,950 | -€28,137 | -43.9% |
| Amounts payable within one year | 42/48 | €64,087 | €35,950 | -€28,137 | -43.9% |
| Trade debts | 44 | €17,296 | €22,926 | +€5,631 | +32.6% |
| Suppliers | 440/4 | €17,296 | €22,926 | +€5,631 | +32.6% |
| Taxes, remuneration and social security | 45 | €46,791 | €13,023 | -€33,768 | -72.2% |
| Taxes | 450/3 | €44,838 | €11,075 | -€33,763 | -75.3% |
| Remuneration and social security | 454/9 | €1,953 | €1,948 | -€5 | -0.2% |
| Non-recurring operating income | 76A | - | €3,416 | +€3,416 | |
| Remuneration, social security and pensions | 62 | €9,893 | €18,959 | +€9,066 | +91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,479 | €30,362 | +€12,882 | +73.7% |
| Other operating charges | 640/8 | €8,238 | €6,378 | -€1,860 | -22.6% |
| Non-recurring operating charges | 66A | €11,825 | - | -€11,825 | |
| Gross operating margin | 9900 | €57,209 | €74,670 | +€17,460 | +30.5% |
| Operating profit (loss) | 9901 | €9,774 | €18,970 | +€9,196 | +94.1% |
| Financial income | 75/76B | €76 | €37 | -€39 | -51.2% |
| Recurring financial income | 75 | €76 | €37 | -€39 | -51.2% |
| Financial charges | 65/66B | €362 | €139 | -€223 | -61.5% |
| Recurring financial charges | 65 | €362 | €139 | -€223 | -61.5% |
| Profit (loss) for the period before taxes | 9903 | €9,489 | €18,868 | +€9,380 | +98.9% |
| Income taxes | 67/77 | €6,446 | €9,600 | +€3,154 | +48.9% |
| Profit (loss) for the period | 9904 | €3,042 | €9,268 | +€6,226 | +204.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,042 | €9,268 | +€6,226 | +204.6% |
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 9 October 2026 via checked.be.