Eucher: 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.
Eucher
Largest movements
- Cash +€154,505
up €154,505 (+146.0%), from €105,858 to €260,362
mainly Depreciation (+€177,915) and Net result for the year (+€142,349)
- Tangible fixed assets -€141,222
down €141,222 (-3.3%), from €4.3m to €4.2m
of which Land and buildings: -€151,898
- Profit (loss) carried forward +€142,349
up €142,349 (+46.6%), from -€305,641 to -€163,292
- Debts after one year -€103,045
down €103,045 (-9.6%), from €1.1m to €966,148
- Taxes +€28,213
up €28,213 (+72.7%), from €38,812 to €67,025
- Financial charges +€9,103
up €9,103 (+41.2%), from €22,084 to €31,187
- Gross operating margin +€8,180
up €8,180 (+1.7%), from €467,892 to €476,072
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 | €4,505,988 | €4,541,294 | +€35,306 | +0.8% |
| Fixed assets | 21/28 | €4,309,164 | €4,167,942 | -€141,222 | -3.3% |
| Tangible fixed assets | 22/27 | €4,309,164 | €4,167,942 | -€141,222 | -3.3% |
| Land and buildings | 22 | €4,116,397 | €3,964,499 | -€151,898 | -3.7% |
| Plant, machinery and equipment | 23 | €188,765 | €164,775 | -€23,991 | -12.7% |
| Furniture and vehicles | 24 | €2,202 | €2,021 | -€180 | -8.2% |
| Other tangible fixed assets | 26 | €1,800 | €1,800 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €34,847 | +€34,847 | |
| Current assets | 29/58 | €196,824 | €373,352 | +€176,528 | +89.7% |
| Amounts receivable within one year | 40/41 | €56,020 | €94,901 | +€38,881 | +69.4% |
| Trade receivables | 40 | - | €36,912 | +€36,912 | |
| Other amounts receivable | 41 | €56,020 | €57,990 | +€1,969 | +3.5% |
| Cash at bank and in hand | 54/58 | €105,858 | €260,362 | +€154,505 | +146.0% |
| Deferred charges and accrued income | 490/1 | €34,946 | €18,088 | -€16,858 | -48.2% |
| Total equity and liabilities | 10/49 | €4,505,988 | €4,541,294 | +€35,306 | +0.8% |
| Equity | 10/15 | €3,324,007 | €3,466,355 | +€142,349 | +4.3% |
| Contributions | 10/11 | €2,757,300 | €2,757,300 | = | 0.0% |
| Capital | 10 | €2,757,300 | €2,757,300 | = | 0.0% |
| Issued capital | 100 | €2,757,300 | €2,757,300 | = | 0.0% |
| Revaluation surpluses | 12 | €798,807 | €798,807 | = | 0.0% |
| Reserves | 13 | €73,541 | €73,541 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,898 | €14,898 | = | 0.0% |
| Legal reserve | 130 | €14,898 | €14,898 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,459 | €21,459 | = | 0.0% |
| Distributable reserves | 133 | €37,184 | €37,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€305,641 | -€163,292 | +€142,349 | +46.6% |
| Amounts payable | 17/49 | €1,181,981 | €1,074,939 | -€107,042 | -9.1% |
| Amounts payable after more than one year | 17 | €1,069,193 | €966,148 | -€103,045 | -9.6% |
| Financial debts | 170/4 | €1,069,193 | €966,148 | -€103,045 | -9.6% |
| Amounts payable within one year | 42/48 | €108,380 | €104,332 | -€4,048 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €101,216 | €103,045 | +€1,830 | +1.8% |
| Financial debts | 43 | €354 | €0 | -€354 | -100.0% |
| Other loans | 439 | €354 | €0 | -€354 | -100.0% |
| Trade debts | 44 | €1,676 | €1,287 | -€390 | -23.2% |
| Suppliers | 440/4 | €1,676 | €1,287 | -€390 | -23.2% |
| Other amounts payable | 47/48 | €5,134 | €0 | -€5,134 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,407 | €4,458 | +€51 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,246 | €177,915 | +€1,668 | +0.9% |
| Other operating charges | 640/8 | €58,920 | €57,597 | -€1,323 | -2.2% |
| Gross operating margin | 9900 | €467,892 | €476,072 | +€8,180 | +1.7% |
| Operating profit (loss) | 9901 | €232,726 | €240,561 | +€7,835 | +3.4% |
| Financial income | 75/76B | €18 | €0 | -€18 | -99.8% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -99.8% |
| Financial charges | 65/66B | €22,084 | €31,187 | +€9,103 | +41.2% |
| Recurring financial charges | 65 | €22,084 | €31,187 | +€9,103 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €210,660 | €209,373 | -€1,286 | -0.6% |
| Income taxes | 67/77 | €38,812 | €67,025 | +€28,213 | +72.7% |
| Profit (loss) for the period | 9904 | €171,847 | €142,349 | -€29,499 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €171,847 | €142,349 | -€29,499 | -17.2% |
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.