EUGENOR: 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.
EUGENOR
Largest movements
- Stocks and contracts +€30,637
up €30,637 (+16.7%), from €183,282 to €213,919
- Tangible fixed assets -€12,994
down €12,994 (-14.2%), from €91,294 to €78,300
of which Furniture and vehicles: -€8,582
- Cash -€5,334
down €5,334 (-68.6%), from €7,772 to €2,437
mainly Stocks and contracts (-€30,637) and Debts after one year (-€7,764)
- Reserves +€10,000
up €10,000 (+5.8%), from €173,235 to €183,235
of which Distributable reserves: +€10,000
- Debts after one year -€7,764
no longer reported in 2025 (was €7,764)
- Trade debts +€5,801
up €5,801 (+27.0%), from €21,467 to €27,268
- Profit (loss) carried forward +€4,547
up €4,547 (+25.3%), from €17,967 to €22,513
- Other debts +€3,073
up €3,073 (+20.9%), from €14,713 to €17,786
- Gross operating margin +€5,759
up €5,759 (+17.8%), from €32,372 to €38,131
- Taxes +€1,287
up €1,287 (+23.9%), from €5,382 to €6,669
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 | €282,820 | €297,774 | +€14,954 | +5.3% |
| Fixed assets | 21/28 | €91,294 | €78,300 | -€12,994 | -14.2% |
| Tangible fixed assets | 22/27 | €91,294 | €78,300 | -€12,994 | -14.2% |
| Land and buildings | 22 | €74,999 | €70,587 | -€4,412 | -5.9% |
| Furniture and vehicles | 24 | €16,295 | €7,712 | -€8,582 | -52.7% |
| Current assets | 29/58 | €191,526 | €219,474 | +€27,948 | +14.6% |
| Stocks and contracts in progress | 3 | €183,282 | €213,919 | +€30,637 | +16.7% |
| Stocks | 30/36 | €183,282 | €213,919 | +€30,637 | +16.7% |
| Amounts receivable within one year | 40/41 | €473 | €956 | +€483 | +102.3% |
| Other amounts receivable | 41 | €473 | €956 | +€483 | +102.3% |
| Cash at bank and in hand | 54/58 | €7,772 | €2,437 | -€5,334 | -68.6% |
| Deferred charges and accrued income | 490/1 | - | €2,162 | +€2,162 | |
| Total equity and liabilities | 10/49 | €282,820 | €297,774 | +€14,954 | +5.3% |
| Equity | 10/15 | €222,452 | €236,999 | +€14,547 | +6.5% |
| Contributions | 10/11 | €31,250 | €31,250 | = | 0.0% |
| Reserves | 13 | €173,235 | €183,235 | +€10,000 | +5.8% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €170,137 | €180,137 | +€10,000 | +5.9% |
| Profit (loss) carried forward | 14 | €17,967 | €22,513 | +€4,547 | +25.3% |
| Amounts payable | 17/49 | €60,367 | €60,775 | +€408 | +0.7% |
| Amounts payable after more than one year | 17 | €7,764 | - | -€7,764 | |
| Financial debts | 170/4 | €7,764 | - | -€7,764 | |
| Amounts payable within one year | 42/48 | €52,604 | €60,731 | +€8,127 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €8,350 | €7,764 | -€586 | -7.0% |
| Financial debts | 43 | €1,349 | €1,308 | -€41 | -3.0% |
| Credit institutions | 430/8 | €1,349 | €1,308 | -€41 | -3.0% |
| Trade debts | 44 | €21,467 | €27,268 | +€5,801 | +27.0% |
| Suppliers | 440/4 | €21,467 | €27,268 | +€5,801 | +27.0% |
| Taxes, remuneration and social security | 45 | €6,724 | €6,605 | -€119 | -1.8% |
| Taxes | 450/3 | €6,724 | €6,605 | -€119 | -1.8% |
| Other amounts payable | 47/48 | €14,713 | €17,786 | +€3,073 | +20.9% |
| Accrued charges and deferred income | 492/3 | - | €44 | +€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,994 | €12,994 | = | 0.0% |
| Other operating charges | 640/8 | €3,173 | €3,307 | +€135 | +4.2% |
| Gross operating margin | 9900 | €32,372 | €38,131 | +€5,759 | +17.8% |
| Operating profit (loss) | 9901 | €16,205 | €21,829 | +€5,624 | +34.7% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €694 | €618 | -€76 | -11.0% |
| Recurring financial charges | 65 | €694 | €618 | -€76 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €15,511 | €21,216 | +€5,705 | +36.8% |
| Income taxes | 67/77 | €5,382 | €6,669 | +€1,287 | +23.9% |
| Profit (loss) for the period | 9904 | €10,128 | €14,547 | +€4,418 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,128 | €14,547 | +€4,418 | +43.6% |
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 5 October 2026 via checked.be.