EUcapital: what changed
Two financial 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.
EUcapital
Largest movements
- Receivables within one year +€4,167
up €4,167 (+30.6%), from €13,638 to €17,805
of which Trade receivables: +€4,416
- Cash +€2,357
up €2,357 (+23.5%), from €10,043 to €12,400
mainly Net result for the year (+€5,850) and Depreciation (+€3,862)
- Tangible fixed assets -€602
down €602 (-4.4%), from €13,708 to €13,106
of which Plant, machinery and equipment: -€1,000
- Profit (loss) carried forward +€5,850
up €5,850, from -€1,111 to €4,739
- Tax, wage and social debts +€780
up €780 (+16.8%), from €4,641 to €5,421
- Gross operating margin +€8,394
up €8,394 (+262%), from €3,205 to €11,599
- Taxes +€968
up €968 (+76.7%), from €1,262 to €2,230
- Depreciation +€202
up €202 (+5.5%), from €3,660 to €3,862
- Financial charges +€123
up €123 (+75.9%), from €162 to €285
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.
Derived cash bridge
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 | €37,389 | €43,311 | +€5,922 | +15.8% |
| Fixed assets | 21/28 | €13,708 | €13,106 | -€602 | -4.4% |
| Tangible fixed assets | 22/27 | €13,708 | €13,106 | -€602 | -4.4% |
| Land and buildings | 22 | €2,320 | €1,493 | -€827 | -35.6% |
| Plant, machinery and equipment | 23 | €9,099 | €8,099 | -€1,000 | -11.0% |
| Furniture and vehicles | 24 | €2,289 | €3,514 | +€1,225 | +53.5% |
| Current assets | 29/58 | €23,681 | €30,205 | +€6,524 | +27.5% |
| Amounts receivable within one year | 40/41 | €13,638 | €17,805 | +€4,167 | +30.6% |
| Trade receivables | 40 | €1,924 | €6,340 | +€4,416 | +230% |
| Other amounts receivable | 41 | €11,714 | €11,465 | -€249 | -2.1% |
| Cash at bank and in hand | 54/58 | €10,043 | €12,400 | +€2,357 | +23.5% |
| Total equity and liabilities | 10/49 | €37,389 | €43,311 | +€5,922 | +15.8% |
| Equity | 10/15 | €30,349 | €36,199 | +€5,850 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,860 | €12,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €11,000 | €12,860 | +€1,860 | +16.9% |
| Profit (loss) carried forward | 14 | -€1,111 | €4,739 | +€5,850 | |
| Amounts payable | 17/49 | €7,040 | €7,112 | +€72 | +1.0% |
| Amounts payable within one year | 42/48 | €5,809 | €6,312 | +€503 | +8.7% |
| Trade debts | 44 | €1,168 | €891 | -€277 | -23.7% |
| Suppliers | 440/4 | €1,168 | €891 | -€277 | -23.7% |
| Taxes, remuneration and social security | 45 | €4,641 | €5,421 | +€780 | +16.8% |
| Taxes | 450/3 | €4,641 | €5,421 | +€780 | +16.8% |
| Accrued charges and deferred income | 492/3 | €1,231 | €800 | -€431 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,660 | €3,862 | +€202 | +5.5% |
| Gross operating margin | 9900 | €3,205 | €11,599 | +€8,394 | +262% |
| Operating profit (loss) | 9901 | -€455 | €7,737 | +€8,192 | |
| Financial income | 75/76B | €513 | €628 | +€115 | +22.4% |
| Recurring financial income | 75 | €513 | €628 | +€115 | +22.4% |
| Financial charges | 65/66B | €162 | €285 | +€123 | +75.9% |
| Recurring financial charges | 65 | €162 | €285 | +€123 | +75.9% |
| Profit (loss) for the period before taxes | 9903 | -€104 | €8,080 | +€8,184 | |
| Income taxes | 67/77 | €1,262 | €2,230 | +€968 | +76.7% |
| Profit (loss) for the period | 9904 | -€1,366 | €5,850 | +€7,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,366 | €5,850 | +€7,216 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.