EUGEKA: 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.
EUGEKA
Largest movements
- Current investments -€1.2m
down €1.2m (-23.3%), from €5.1m to €3.9m
- Financial fixed assets +€317,018
up €317,018 (+4.8%), from €6.7m to €7.0m
- Cash +€184,158
up €184,158 (+58.1%), from €317,089 to €501,247
mainly Current investments (+€1.2m) and Contributions, distributions and other (+€500,000)
- Receivables within one year +€153,460
up €153,460 (+36.5%), from €420,314 to €573,773
of which Other amounts receivable: +€90,466
- Short-term financial debts -€801,821
down €801,821 (-19.7%), from €4.1m to €3.3m
- Contributions +€500,000
up €500,000 (+813%), from €61,500 to €561,500
- Reserves -€236,667
down €236,667 (-2.8%), from €8.4m to €8.2m
- Financial charges +€216,520
up €216,520 (+50.2%), from €431,041 to €647,561
- Gross operating margin +€136,306
up €136,306 (+23.2%), from -€588,358 to -€452,052
- Taxes -€76,360
down €76,360 (-100%), from €76,360 to €0
- Staff costs +€8,603
up €8,603 (+2.2%), from €399,370 to €407,973
- Financial income -€7,034
down €7,034 (-0.5%), from €1.3m to €1.3m
of which Financial income: -€7,034
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 | €12,649,307 | €12,088,384 | -€560,923 | -4.4% |
| Fixed assets | 21/28 | €6,774,752 | €7,070,707 | +€295,955 | +4.4% |
| Intangible fixed assets | 21 | €91,776 | €75,287 | -€16,489 | -18.0% |
| Tangible fixed assets | 22/27 | €11,667 | €7,093 | -€4,574 | -39.2% |
| Plant, machinery and equipment | 23 | €4,787 | €4,020 | -€767 | -16.0% |
| Furniture and vehicles | 24 | €5,571 | €2,451 | -€3,120 | -56.0% |
| Other tangible fixed assets | 26 | €1,309 | €623 | -€686 | -52.4% |
| Financial fixed assets | 28 | €6,671,309 | €6,988,327 | +€317,018 | +4.8% |
| Current assets | 29/58 | €5,874,555 | €5,017,677 | -€856,878 | -14.6% |
| Amounts receivable within one year | 40/41 | €420,314 | €573,773 | +€153,460 | +36.5% |
| Trade receivables | 40 | - | €62,993 | +€62,993 | |
| Other amounts receivable | 41 | €420,314 | €510,780 | +€90,466 | +21.5% |
| Current investments | 50/53 | €5,135,945 | €3,940,945 | -€1.2m | -23.3% |
| Cash at bank and in hand | 54/58 | €317,089 | €501,247 | +€184,158 | +58.1% |
| Deferred charges and accrued income | 490/1 | €1,207 | €1,712 | +€505 | +41.8% |
| Total equity and liabilities | 10/49 | €12,649,307 | €12,088,384 | -€560,923 | -4.4% |
| Equity | 10/15 | €8,451,299 | €8,714,632 | +€263,333 | +3.1% |
| Contributions | 10/11 | €61,500 | €561,500 | +€500,000 | +813% |
| Reserves | 13 | €8,389,799 | €8,153,132 | -€236,667 | -2.8% |
| Distributable reserves | 133 | €8,389,799 | €8,153,132 | -€236,667 | -2.8% |
| Amounts payable | 17/49 | €4,198,008 | €3,373,752 | -€824,256 | -19.6% |
| Amounts payable within one year | 42/48 | €4,198,008 | €3,373,752 | -€824,256 | -19.6% |
| Financial debts | 43 | €4,071,131 | €3,269,310 | -€801,821 | -19.7% |
| Credit institutions | 430/8 | €4,071,131 | €3,269,310 | -€801,821 | -19.7% |
| Trade debts | 44 | €70,837 | €49,190 | -€21,647 | -30.6% |
| Suppliers | 440/4 | €70,837 | €49,190 | -€21,647 | -30.6% |
| Taxes, remuneration and social security | 45 | €48,328 | €47,622 | -€706 | -1.5% |
| Remuneration and social security | 454/9 | €48,328 | €47,622 | -€706 | -1.5% |
| Other amounts payable | 47/48 | €7,711 | €7,630 | -€81 | -1.1% |
| Remuneration, social security and pensions | 62 | €399,370 | €407,973 | +€8,603 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,117 | €46,063 | -€6,054 | -11.6% |
| Other operating charges | 640/8 | €4,553 | €5,654 | +€1,101 | +24.2% |
| Gross operating margin | 9900 | -€588,358 | -€452,052 | +€136,306 | +23.2% |
| Operating profit (loss) | 9901 | -€1,044,397 | -€911,741 | +€132,656 | +12.7% |
| Financial income | 75/76B | €1,329,669 | €1,322,635 | -€7,034 | -0.5% |
| Recurring financial income | 75 | €1,329,669 | €1,322,635 | -€7,034 | -0.5% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €431,041 | €647,561 | +€216,520 | +50.2% |
| Recurring financial charges | 65 | €431,041 | €647,561 | +€216,520 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | -€145,770 | -€236,667 | -€90,897 | -62.4% |
| Income taxes | 67/77 | €76,360 | €0 | -€76,360 | -100% |
| Profit (loss) for the period | 9904 | -€222,130 | -€236,667 | -€14,537 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€222,130 | -€236,667 | -€14,537 | -6.5% |
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 27 October 2026 via checked.be.