EUBELINT: 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.
EUBELINT
Largest movements
- Cash +€25,746
up €25,746 (+13.9%), from €185,635 to €211,381
mainly Other debts (+€48,547) and Net result for the year (+€28,980)
- Tangible fixed assets -€9,371
down €9,371 (-60.8%), from €15,413 to €6,042
of which Furniture and vehicles: -€9,850
- Receivables within one year +€8,839
up €8,839 (+21.9%), from €40,406 to €49,246
of which Other amounts receivable: +€9,806
- Other debts +€48,547
up €48,547 (+16571.8%), from €293 to €48,840
- Reserves -€19,860
down €19,860 (-9.9%), from €201,185 to €181,325
- Current portion of long-term debt -€5,885
no longer reported in 2025 (was €5,885)
- Gross operating margin +€15,867
up €15,867 (+37.1%), from €42,804 to €58,671
- Taxes +€5,296
up €5,296 (+51.3%), from €10,327 to €15,623
- Depreciation -€1,819
down €1,819 (-15.4%), from €11,779 to €9,960
- Other operating charges -€595
down €595 (-12.1%), from €4,907 to €4,313
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 | €242,215 | €267,433 | +€25,218 | +10.4% |
| Fixed assets | 21/28 | €15,413 | €6,042 | -€9,371 | -60.8% |
| Tangible fixed assets | 22/27 | €15,413 | €6,042 | -€9,371 | -60.8% |
| Plant, machinery and equipment | 23 | - | €478 | +€478 | |
| Furniture and vehicles | 24 | €15,413 | €5,564 | -€9,850 | -63.9% |
| Current assets | 29/58 | €226,802 | €261,391 | +€34,589 | +15.3% |
| Amounts receivable within one year | 40/41 | €40,406 | €49,246 | +€8,839 | +21.9% |
| Trade receivables | 40 | €35,869 | €34,902 | -€967 | -2.7% |
| Other amounts receivable | 41 | €4,537 | €14,343 | +€9,806 | +216.1% |
| Cash at bank and in hand | 54/58 | €185,635 | €211,381 | +€25,746 | +13.9% |
| Deferred charges and accrued income | 490/1 | €760 | €764 | +€4 | +0.5% |
| Total equity and liabilities | 10/49 | €242,215 | €267,433 | +€25,218 | +10.4% |
| Equity | 10/15 | €207,385 | €187,525 | -€19,860 | -9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €201,185 | €181,325 | -€19,860 | -9.9% |
| Distributable reserves | 133 | €201,185 | €181,325 | -€19,860 | -9.9% |
| Amounts payable | 17/49 | €34,830 | €79,908 | +€45,077 | +129.4% |
| Amounts payable within one year | 42/48 | €33,516 | €79,294 | +€45,778 | +136.6% |
| Current portion of amounts payable after more than one year | 42 | €5,885 | - | -€5,885 | |
| Trade debts | 44 | €12,518 | €14,683 | +€2,164 | +17.3% |
| Suppliers | 440/4 | €12,518 | €14,683 | +€2,164 | +17.3% |
| Taxes, remuneration and social security | 45 | €14,819 | €15,771 | +€952 | +6.4% |
| Taxes | 450/3 | €14,819 | €15,771 | +€952 | +6.4% |
| Other amounts payable | 47/48 | €293 | €48,840 | +€48,547 | +16571.8% |
| Accrued charges and deferred income | 492/3 | €1,315 | €614 | -€701 | -53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,779 | €9,960 | -€1,819 | -15.4% |
| Other operating charges | 640/8 | €4,907 | €4,313 | -€595 | -12.1% |
| Gross operating margin | 9900 | €42,804 | €58,671 | +€15,867 | +37.1% |
| Operating profit (loss) | 9901 | €26,118 | €44,398 | +€18,281 | +70.0% |
| Financial income | 75/76B | €6 | €470 | +€464 | +7322.3% |
| Recurring financial income | 75 | €6 | €470 | +€464 | +7322.3% |
| Financial charges | 65/66B | €509 | €265 | -€244 | -48.0% |
| Recurring financial charges | 65 | €509 | €265 | -€244 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €25,615 | €44,604 | +€18,988 | +74.1% |
| Income taxes | 67/77 | €10,327 | €15,623 | +€5,296 | +51.3% |
| Profit (loss) for the period | 9904 | €15,289 | €28,980 | +€13,692 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,289 | €28,980 | +€13,692 | +89.6% |
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 6 October 2026 via checked.be.