EUGENIUS: 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.
EUGENIUS
Largest movements
- Cash -€239,640
down €239,640 (-62.0%), from €386,224 to €146,584
mainly Contributions, distributions and other (-€263,158) and Current investments (-€207,823)
- Current investments +€207,823
up €207,823 (+33.4%), from €622,082 to €829,905
- Tangible fixed assets -€117,836
down €117,836 (-25.8%), from €457,451 to €339,616
of which Land and buildings: -€143,154
- Financial fixed assets +€20,000
up €20,000 (+14.3%), from €140,000 to €160,000
- Reserves -€140,992
down €140,992 (-9.3%), from €1.5m to €1.4m
of which Distributable reserves: -€208,166
- Provisions +€22,391
new in 2025: €22,391
- Gross operating margin +€43,146
up €43,146 (+27.4%), from €157,554 to €200,699
- Taxes -€12,878
down €12,878 (-31.0%), from €41,597 to €28,719
- Financial charges -€5,435
down €5,435 (-43.0%), from €12,645 to €7,211
- Depreciation -€2,277
down €2,277 (-11.2%), from €20,345 to €18,069
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 | €1,650,812 | €1,531,558 | -€119,253 | -7.2% |
| Fixed assets | 21/28 | €597,451 | €499,616 | -€97,836 | -16.4% |
| Tangible fixed assets | 22/27 | €457,451 | €339,616 | -€117,836 | -25.8% |
| Land and buildings | 22 | €448,275 | €305,121 | -€143,154 | -31.9% |
| Plant, machinery and equipment | 23 | €4,028 | €2,515 | -€1,512 | -37.5% |
| Furniture and vehicles | 24 | €149 | €26,979 | +€26,830 | +18046.9% |
| Other tangible fixed assets | 26 | €5,000 | €5,000 | = | 0.0% |
| Financial fixed assets | 28 | €140,000 | €160,000 | +€20,000 | +14.3% |
| Current assets | 29/58 | €1,053,360 | €1,031,943 | -€21,418 | -2.0% |
| Amounts receivable within one year | 40/41 | €34,163 | €47,698 | +€13,536 | +39.6% |
| Trade receivables | 40 | €26,418 | €28,174 | +€1,756 | +6.6% |
| Other amounts receivable | 41 | €7,745 | €19,525 | +€11,780 | +152.1% |
| Current investments | 50/53 | €622,082 | €829,905 | +€207,823 | +33.4% |
| Cash at bank and in hand | 54/58 | €386,224 | €146,584 | -€239,640 | -62.0% |
| Deferred charges and accrued income | 490/1 | €10,892 | €7,756 | -€3,136 | -28.8% |
| Total equity and liabilities | 10/49 | €1,650,812 | €1,531,558 | -€119,253 | -7.2% |
| Equity | 10/15 | €1,514,778 | €1,373,786 | -€140,992 | -9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,508,578 | €1,367,586 | -€140,992 | -9.3% |
| Tax-exempt reserves | 132 | €10,049 | €77,222 | +€67,173 | +668.5% |
| Distributable reserves | 133 | €1,498,530 | €1,290,364 | -€208,166 | -13.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €22,391 | +€22,391 | |
| Deferred taxes | 168 | - | €22,391 | +€22,391 | |
| Amounts payable | 17/49 | €136,033 | €135,381 | -€652 | -0.5% |
| Amounts payable within one year | 42/48 | €120,875 | €128,339 | +€7,464 | +6.2% |
| Trade debts | 44 | €1,205 | €5,178 | +€3,973 | +329.8% |
| Suppliers | 440/4 | €1,205 | €5,178 | +€3,973 | +329.8% |
| Taxes, remuneration and social security | 45 | €21,254 | €24,299 | +€3,045 | +14.3% |
| Taxes | 450/3 | €21,254 | €24,299 | +€3,045 | +14.3% |
| Other amounts payable | 47/48 | €98,417 | €98,862 | +€446 | +0.5% |
| Accrued charges and deferred income | 492/3 | €15,158 | €7,042 | -€8,116 | -53.5% |
| Non-recurring operating income | 76A | €28,926 | €105,854 | +€76,929 | +266.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,345 | €18,069 | -€2,277 | -11.2% |
| Other operating charges | 640/8 | €4,243 | €5,195 | +€952 | +22.4% |
| Gross operating margin | 9900 | €157,554 | €200,699 | +€43,146 | +27.4% |
| Operating profit (loss) | 9901 | €132,965 | €177,436 | +€44,470 | +33.4% |
| Financial income | 75/76B | €4,790 | €3,051 | -€1,739 | -36.3% |
| Recurring financial income | 75 | €508 | €3,051 | +€2,543 | +500.1% |
| Non-recurring financial income | 76B | €4,281 | €0 | -€4,281 | -100.0% |
| Financial charges | 65/66B | €12,645 | €7,211 | -€5,435 | -43.0% |
| Recurring financial charges | 65 | €12,645 | €7,211 | -€5,435 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €125,110 | €173,276 | +€48,166 | +38.5% |
| Transfer to deferred taxes | 680 | - | €22,391 | +€22,391 | |
| Income taxes | 67/77 | €41,597 | €28,719 | -€12,878 | -31.0% |
| Profit (loss) for the period | 9904 | €83,512 | €122,166 | +€38,654 | +46.3% |
| Transfer to tax-exempt reserves | 689 | - | €67,173 | +€67,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,512 | €54,992 | -€28,520 | -34.2% |
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 4 October 2026 via checked.be.