EUBEN: 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.
EUBEN
Largest movements
- Cash -€236,931
down €236,931 (-68.4%), from €346,527 to €109,596
mainly Investment in fixed assets (net) (-€338,158) and Trade debts (-€315,471)
- Stocks and contracts +€165,958
up €165,958 (+1157.7%), from €14,335 to €180,293
- Receivables within one year +€160,049
up €160,049 (+25.6%), from €625,182 to €785,232
of which Other amounts receivable: +€125,283
- Tangible fixed assets -€119,714
down €119,714 (-6.2%), from €1.9m to €1.8m
of which Furniture and vehicles: -€137,477
- Trade debts -€315,471
down €315,471 (-52.2%), from €604,808 to €289,337
- Debts after one year +€236,959
up €236,959 (+39.3%), from €603,625 to €840,584
- Reserves +€57,757
up €57,757 (+5.6%), from €1.0m to €1.1m
of which Distributable reserves: +€81,522
- Current portion of long-term debt +€50,060
up €50,060 (+19.0%), from €263,815 to €313,874
- Other debts -€48,669
down €48,669 (-13.2%), from €367,514 to €318,845
- Depreciation +€125,929
up €125,929 (+37.9%), from €331,943 to €457,872
- Taxes -€26,514
down €26,514 (-50.0%), from €53,069 to €26,555
- Financial income +€20,139
new in 2025: €20,139
- Financial charges +€18,680
up €18,680 (+167.0%), from €11,186 to €29,866
- Gross operating margin +€13,095
up €13,095 (+2.0%), from €652,218 to €665,312
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 | €2,918,468 | €2,889,331 | -€29,137 | -1.0% |
| Fixed assets | 21/28 | €1,922,780 | €1,803,065 | -€119,714 | -6.2% |
| Tangible fixed assets | 22/27 | €1,922,780 | €1,803,065 | -€119,714 | -6.2% |
| Land and buildings | 22 | €175,962 | €175,410 | -€551 | -0.3% |
| Plant, machinery and equipment | 23 | €816,076 | €834,390 | +€18,314 | +2.2% |
| Furniture and vehicles | 24 | €930,742 | €793,265 | -€137,477 | -14.8% |
| Current assets | 29/58 | €995,689 | €1,086,266 | +€90,577 | +9.1% |
| Stocks and contracts in progress | 3 | €14,335 | €180,293 | +€165,958 | +1157.7% |
| Stocks | 30/36 | €14,335 | €180,293 | +€165,958 | +1157.7% |
| Amounts receivable within one year | 40/41 | €625,182 | €785,232 | +€160,049 | +25.6% |
| Trade receivables | 40 | €443,051 | €477,818 | +€34,767 | +7.8% |
| Other amounts receivable | 41 | €182,132 | €307,414 | +€125,283 | +68.8% |
| Cash at bank and in hand | 54/58 | €346,527 | €109,596 | -€236,931 | -68.4% |
| Deferred charges and accrued income | 490/1 | €9,644 | €11,145 | +€1,501 | +15.6% |
| Total equity and liabilities | 10/49 | €2,918,468 | €2,889,331 | -€29,137 | -1.0% |
| Equity | 10/15 | €1,052,667 | €1,110,424 | +€57,757 | +5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,034,075 | €1,091,832 | +€57,757 | +5.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,992 | €4,228 | -€23,765 | -84.9% |
| Distributable reserves | 133 | €1,004,224 | €1,085,746 | +€81,522 | +8.1% |
| Provisions and deferred taxes | 16 | €14,414 | €2,177 | -€12,237 | -84.9% |
| Deferred taxes | 168 | €14,414 | €2,177 | -€12,237 | -84.9% |
| Amounts payable | 17/49 | €1,851,387 | €1,776,730 | -€74,657 | -4.0% |
| Amounts payable after more than one year | 17 | €603,625 | €840,584 | +€236,959 | +39.3% |
| Financial debts | 170/4 | €603,625 | €840,584 | +€236,959 | +39.3% |
| Amounts payable within one year | 42/48 | €1,247,762 | €934,210 | -€313,552 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €263,815 | €313,874 | +€50,060 | +19.0% |
| Trade debts | 44 | €604,808 | €289,337 | -€315,471 | -52.2% |
| Suppliers | 440/4 | €604,808 | €289,337 | -€315,471 | -52.2% |
| Taxes, remuneration and social security | 45 | €11,626 | €12,153 | +€528 | +4.5% |
| Taxes | 450/3 | €2,639 | €4,462 | +€1,822 | +69.0% |
| Remuneration and social security | 454/9 | €8,986 | €7,692 | -€1,295 | -14.4% |
| Other amounts payable | 47/48 | €367,514 | €318,845 | -€48,669 | -13.2% |
| Accrued charges and deferred income | 492/3 | - | €1,936 | +€1,936 | |
| Non-recurring operating income | 76A | - | €91,234 | +€91,234 | |
| Remuneration, social security and pensions | 62 | €132,503 | €121,305 | -€11,198 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331,943 | €457,872 | +€125,929 | +37.9% |
| Other operating charges | 640/8 | €5,494 | €4,333 | -€1,161 | -21.1% |
| Gross operating margin | 9900 | €652,218 | €665,312 | +€13,095 | +2.0% |
| Operating profit (loss) | 9901 | €182,278 | €81,802 | -€100,476 | -55.1% |
| Financial income | 75/76B | - | €20,139 | +€20,139 | |
| Recurring financial income | 75 | - | €20,139 | +€20,139 | |
| Financial charges | 65/66B | €11,186 | €29,866 | +€18,680 | +167.0% |
| Recurring financial charges | 65 | €11,186 | €29,866 | +€18,680 | +167.0% |
| Profit (loss) for the period before taxes | 9903 | €171,092 | €72,075 | -€99,017 | -57.9% |
| Transfer from deferred taxes | 780 | €12,237 | €12,237 | = | 0.0% |
| Income taxes | 67/77 | €53,069 | €26,555 | -€26,514 | -50.0% |
| Profit (loss) for the period | 9904 | €130,260 | €57,757 | -€72,503 | -55.7% |
| Transfer from tax-exempt reserves | 789 | €23,765 | €23,765 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €154,025 | €81,522 | -€72,503 | -47.1% |
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 29 September 2026 via checked.be.