EAMUS: 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.
EAMUS
Largest movements
- Cash +€1.3m
up €1.3m (+876.0%), from €152,994 to €1.5m
mainly Net result for the year (+€1.6m) and Depreciation (+€8,172)
- Financial fixed assets +€238,125
up €238,125 (+1.5%), from €15.8m to €16.0m
- Profit (loss) carried forward +€1.6m
up €1.6m (+10.1%), from €16.2m to €17.8m
- Financial income +€1.2m
up €1.2m (+370.9%), from €311,134 to €1.5m
- Gross operating margin +€185,223
up €185,223 (+49.4%), from €374,887 to €560,110
- Taxes +€45,037
up €45,037 (+164.0%), from €27,461 to €72,498
- Staff costs +€15,874
up €15,874 (+5.7%), from €278,340 to €294,215
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 | €16,354,661 | €17,987,152 | +€1.6m | +10.0% |
| Fixed assets | 21/28 | €15,800,228 | €16,045,146 | +€244,918 | +1.6% |
| Tangible fixed assets | 22/27 | €29,681 | €36,474 | +€6,793 | +22.9% |
| Plant, machinery and equipment | 23 | €9,695 | €6,429 | -€3,265 | -33.7% |
| Furniture and vehicles | 24 | €19,986 | €30,045 | +€10,059 | +50.3% |
| Financial fixed assets | 28 | €15,770,547 | €16,008,672 | +€238,125 | +1.5% |
| Current assets | 29/58 | €554,433 | €1,942,006 | +€1.4m | +250.3% |
| Amounts receivable within one year | 40/41 | €88,202 | €135,602 | +€47,400 | +53.7% |
| Trade receivables | 40 | €83,204 | €128,100 | +€44,896 | +54.0% |
| Other amounts receivable | 41 | €4,997 | €7,502 | +€2,504 | +50.1% |
| Current investments | 50/53 | €312,810 | €312,810 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €152,994 | €1,493,164 | +€1.3m | +876.0% |
| Deferred charges and accrued income | 490/1 | €428 | €431 | +€3 | +0.7% |
| Total equity and liabilities | 10/49 | €16,354,661 | €17,987,152 | +€1.6m | +10.0% |
| Equity | 10/15 | €16,189,353 | €17,829,996 | +€1.6m | +10.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Other | 1319 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,168,948 | €17,809,591 | +€1.6m | +10.1% |
| Amounts payable | 17/49 | €165,308 | €157,157 | -€8,151 | -4.9% |
| Amounts payable within one year | 42/48 | €160,963 | €153,815 | -€7,148 | -4.4% |
| Trade debts | 44 | €38,721 | €44,679 | +€5,958 | +15.4% |
| Suppliers | 440/4 | €38,721 | €44,679 | +€5,958 | +15.4% |
| Taxes, remuneration and social security | 45 | €58,734 | €41,038 | -€17,696 | -30.1% |
| Taxes | 450/3 | €57,722 | €38,116 | -€19,607 | -34.0% |
| Remuneration and social security | 454/9 | €1,012 | €2,922 | +€1,910 | +188.7% |
| Other amounts payable | 47/48 | €63,508 | €68,098 | +€4,590 | +7.2% |
| Accrued charges and deferred income | 492/3 | €4,345 | €3,342 | -€1,003 | -23.1% |
| Remuneration, social security and pensions | 62 | €278,340 | €294,215 | +€15,874 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,555 | €8,172 | +€1,617 | +24.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €3,365 | €3,514 | +€149 | +4.4% |
| Gross operating margin | 9900 | €374,887 | €560,110 | +€185,223 | +49.4% |
| Operating profit (loss) | 9901 | €86,627 | €254,209 | +€167,583 | +193.5% |
| Financial income | 75/76B | €311,134 | €1,464,985 | +€1.2m | +370.9% |
| Recurring financial income | 75 | €311,134 | €1,464,985 | +€1.2m | +370.9% |
| Financial charges | 65/66B | €6,627 | €5,154 | -€1,473 | -22.2% |
| Recurring financial charges | 65 | €6,627 | €5,154 | -€1,473 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €391,134 | €1,714,041 | +€1.3m | +338.2% |
| Income taxes | 67/77 | €27,461 | €72,498 | +€45,037 | +164.0% |
| Profit (loss) for the period | 9904 | €363,672 | €1,641,543 | +€1.3m | +351.4% |
| Profit (loss) for the period to be appropriated | 9905 | €363,672 | €1,641,543 | +€1.3m | +351.4% |
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 5 October 2026 via checked.be.