EUBEL: 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.
EUBEL
Largest movements
- Tangible fixed assets -€12,367
down €12,367 (-3.5%), from €353,168 to €340,801
of which Land and buildings: -€11,367
- Other debts +€51,500
up €51,500 (+12.3%), from €417,402 to €468,902
- Profit (loss) carried forward -€35,856
down €35,856 (-11.7%), from -€305,836 to -€341,692
- Debts after one year -€22,978
down €22,978 (-15.6%), from €147,758 to €124,780
- Trade debts -€6,549
down €6,549 (-54.6%), from €12,005 to €5,456
- Gross operating margin +€1,078
up €1,078 (+7.1%), from -€15,255 to -€14,176
- Financial charges +€363
up €363 (+11.7%), from €3,112 to €3,475
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 | €355,941 | €342,425 | -€13,516 | -3.8% |
| Fixed assets | 21/28 | €353,168 | €340,801 | -€12,367 | -3.5% |
| Tangible fixed assets | 22/27 | €353,168 | €340,801 | -€12,367 | -3.5% |
| Land and buildings | 22 | €351,052 | €339,685 | -€11,367 | -3.2% |
| Furniture and vehicles | 24 | €2,115 | €1,115 | -€1,000 | -47.3% |
| Current assets | 29/58 | €2,773 | €1,624 | -€1,149 | -41.4% |
| Cash at bank and in hand | 54/58 | €1,903 | €675 | -€1,227 | -64.5% |
| Deferred charges and accrued income | 490/1 | €871 | €949 | +€78 | +9.0% |
| Total equity and liabilities | 10/49 | €355,941 | €342,425 | -€13,516 | -3.8% |
| Equity | 10/15 | -€243,836 | -€279,692 | -€35,856 | -14.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€305,836 | -€341,692 | -€35,856 | -11.7% |
| Amounts payable | 17/49 | €599,777 | €622,116 | +€22,339 | +3.7% |
| Amounts payable after more than one year | 17 | €147,758 | €124,780 | -€22,978 | -15.6% |
| Financial debts | 170/4 | €147,758 | €124,780 | -€22,978 | -15.6% |
| Amounts payable within one year | 42/48 | €452,019 | €497,336 | +€45,317 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €22,612 | €22,978 | +€366 | +1.6% |
| Trade debts | 44 | €12,005 | €5,456 | -€6,549 | -54.6% |
| Suppliers | 440/4 | €12,005 | €5,456 | -€6,549 | -54.6% |
| Other amounts payable | 47/48 | €417,402 | €468,902 | +€51,500 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,400 | €12,367 | -€33 | -0.3% |
| Other operating charges | 640/8 | €5,912 | €5,837 | -€75 | -1.3% |
| Gross operating margin | 9900 | -€15,255 | -€14,176 | +€1,078 | +7.1% |
| Operating profit (loss) | 9901 | -€33,566 | -€32,380 | +€1,186 | +3.5% |
| Financial charges | 65/66B | €3,112 | €3,475 | +€363 | +11.7% |
| Recurring financial charges | 65 | €3,112 | €3,475 | +€363 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,678 | -€35,856 | +€823 | +2.2% |
| Profit (loss) for the period | 9904 | -€36,678 | -€35,856 | +€823 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,678 | -€35,856 | +€823 | +2.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.