ECURIE ST-ELEUTHERE: what changed
ECURIE ST-ELEUTHERE
Largest movements
- Tangible fixed assets +€12,983
up €12,983 (+11.7%), from €111,362 to €124,345
of which Furniture and vehicles: +€16,667
- Receivables within one year +€5,914
up €5,914 (+156%), from €3,803 to €9,717
- Other debts +€25,221
up €25,221 (+191%), from €13,232 to €38,453
- Debts after one year -€11,016
no longer reported in 2025 (was €11,016)
- Profit (loss) carried forward +€7,350
up €7,350 (+10.6%), from €69,424 to €76,774
- Current portion of long-term debt -€3,070
down €3,070 (-21.8%), from €14,086 to €11,016
- Tax, wage and social debts +€1,395
new in 2025: €1,395
- Gross operating margin +€13,778
up €13,778 (+101%), from €13,696 to €27,474
- Depreciation +€8,334
up €8,334 (+226%), from €3,683 to €12,017
- Other operating charges +€2,885
up €2,885 (+201%), from €1,434 to €4,319
- Taxes +€2,747
new in 2025: €2,747
- Financial charges -€660
down €660 (-38.8%), from €1,701 to €1,041
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 | €119,156 | €139,036 | +€19,880 | +16.7% |
| Fixed assets | 21/28 | €111,362 | €124,345 | +€12,983 | +11.7% |
| Tangible fixed assets | 22/27 | €111,362 | €124,345 | +€12,983 | +11.7% |
| Land and buildings | 22 | €111,362 | €107,678 | -€3,684 | -3.3% |
| Furniture and vehicles | 24 | - | €16,667 | +€16,667 | |
| Current assets | 29/58 | €7,794 | €14,691 | +€6,897 | +88.5% |
| Amounts receivable within one year | 40/41 | €3,803 | €9,717 | +€5,914 | +156% |
| Other amounts receivable | 41 | €3,803 | €9,717 | +€5,914 | +156% |
| Cash at bank and in hand | 54/58 | €3,991 | €4,974 | +€983 | +24.6% |
| Total equity and liabilities | 10/49 | €119,156 | €139,036 | +€19,880 | +16.7% |
| Equity | 10/15 | €77,484 | €84,834 | +€7,350 | +9.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,424 | €76,774 | +€7,350 | +10.6% |
| Provisions and deferred taxes | 16 | €2,000 | €2,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,000 | €2,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €39,672 | €52,202 | +€12,530 | +31.6% |
| Amounts payable after more than one year | 17 | €11,016 | - | -€11,016 | |
| Financial debts | 170/4 | €11,016 | - | -€11,016 | |
| Amounts payable within one year | 42/48 | €27,356 | €50,902 | +€23,546 | +86.1% |
| Current portion of amounts payable after more than one year | 42 | €14,086 | €11,016 | -€3,070 | -21.8% |
| Trade debts | 44 | €38 | €38 | = | 0.0% |
| Suppliers | 440/4 | €38 | €38 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €1,395 | +€1,395 | |
| Taxes | 450/3 | - | €1,395 | +€1,395 | |
| Other amounts payable | 47/48 | €13,232 | €38,453 | +€25,221 | +191% |
| Accrued charges and deferred income | 492/3 | €1,300 | €1,300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,683 | €12,017 | +€8,334 | +226% |
| Other operating charges | 640/8 | €1,434 | €4,319 | +€2,885 | +201% |
| Gross operating margin | 9900 | €13,696 | €27,474 | +€13,778 | +101% |
| Operating profit (loss) | 9901 | €8,579 | €11,138 | +€2,559 | +29.8% |
| Financial charges | 65/66B | €1,701 | €1,041 | -€660 | -38.8% |
| Recurring financial charges | 65 | €1,701 | €1,041 | -€660 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €6,878 | €10,097 | +€3,219 | +46.8% |
| Income taxes | 67/77 | - | €2,747 | +€2,747 | |
| Profit (loss) for the period | 9904 | €6,878 | €7,350 | +€472 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,878 | €7,350 | +€472 | +6.9% |
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 8 November 2026 via checked.be.