EORAM: 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.
EORAM
Largest movements
- Current investments -€293,321
down €293,321 (-69.4%), from €422,906 to €129,585
- Cash +€187,014
up €187,014 (+57.4%), from €325,928 to €512,943
mainly Current investments (+€293,321) and Net result for the year (+€114,426)
- Tangible fixed assets -€8,702
down €8,702 (-52.6%), from €16,550 to €7,848
- Reserves -€92,074
down €92,074 (-11.8%), from €780,286 to €688,212
- Tax, wage and social debts -€13,868
down €13,868 (-59.8%), from €23,202 to €9,335
- Gross operating margin -€79,981
down €79,981 (-37.2%), from €215,018 to €135,037
- Financial income +€36,116
up €36,116 (+1743.1%), from €2,072 to €38,188
- Financial charges -€17,149
down €17,149 (-93.3%), from €18,386 to €1,237
- Taxes -€12,224
down €12,224 (-20.4%), from €59,789 to €47,565
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 | €831,117 | €718,842 | -€112,275 | -13.5% |
| Fixed assets | 21/28 | €16,550 | €7,848 | -€8,702 | -52.6% |
| Tangible fixed assets | 22/27 | €16,550 | €7,848 | -€8,702 | -52.6% |
| Furniture and vehicles | 24 | €16,550 | €7,848 | -€8,702 | -52.6% |
| Current assets | 29/58 | €814,567 | €710,995 | -€103,573 | -12.7% |
| Amounts receivable within one year | 40/41 | €65,345 | €68,136 | +€2,791 | +4.3% |
| Trade receivables | 40 | €65,340 | €66,048 | +€708 | +1.1% |
| Other amounts receivable | 41 | €5 | €2,088 | +€2,083 | +41409.3% |
| Current investments | 50/53 | €422,906 | €129,585 | -€293,321 | -69.4% |
| Cash at bank and in hand | 54/58 | €325,928 | €512,943 | +€187,014 | +57.4% |
| Deferred charges and accrued income | 490/1 | €388 | €331 | -€57 | -14.6% |
| Total equity and liabilities | 10/49 | €831,117 | €718,842 | -€112,275 | -13.5% |
| Equity | 10/15 | €798,886 | €706,812 | -€92,074 | -11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €780,286 | €688,212 | -€92,074 | -11.8% |
| Distributable reserves | 133 | €780,286 | €688,212 | -€92,074 | -11.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,231 | €12,030 | -€20,201 | -62.7% |
| Amounts payable within one year | 42/48 | €32,231 | €12,030 | -€20,201 | -62.7% |
| Trade debts | 44 | €2,821 | €2,695 | -€125 | -4.4% |
| Suppliers | 440/4 | €2,821 | €2,695 | -€125 | -4.4% |
| Taxes, remuneration and social security | 45 | €23,202 | €9,335 | -€13,868 | -59.8% |
| Taxes | 450/3 | €23,202 | €9,335 | -€13,868 | -59.8% |
| Other amounts payable | 47/48 | €6,208 | €0 | -€6,208 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,725 | €8,702 | -€23 | -0.3% |
| Other operating charges | 640/8 | €1,238 | €1,295 | +€57 | +4.6% |
| Gross operating margin | 9900 | €215,018 | €135,037 | -€79,981 | -37.2% |
| Operating profit (loss) | 9901 | €205,055 | €125,040 | -€80,015 | -39.0% |
| Financial income | 75/76B | €2,072 | €38,188 | +€36,116 | +1743.1% |
| Recurring financial income | 75 | €2,072 | €38,188 | +€36,116 | +1743.1% |
| Financial charges | 65/66B | €18,386 | €1,237 | -€17,149 | -93.3% |
| Recurring financial charges | 65 | €18,386 | €1,237 | -€17,149 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | €188,740 | €161,991 | -€26,749 | -14.2% |
| Income taxes | 67/77 | €59,789 | €47,565 | -€12,224 | -20.4% |
| Profit (loss) for the period | 9904 | €128,951 | €114,426 | -€14,525 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €128,951 | €114,426 | -€14,525 | -11.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.