EUH: what changed
What changed
EUH
filed annual accounts (NBB)
Net result for the year
-€4,852
2024 · €1,452-€6,305
Equity
€526,394
2024 · €801,246-€274,852
Cash
€13,773
2024 · €10,173+€3,599
Balance sheet total
€535,312
2024 · €807,227-€271,915
Largest movements
Assets
- Tangible fixed assets -€275,514
down €275,514 (-34.6%), from €795,484 to €519,970
of which Land and buildings: -€274,831
Equity and liabilities
- Revaluation surpluses -€270,000
down €270,000 (-35.1%), from €770,000 to €500,000
Income statement
- Gross operating margin -€6,870
down €6,870 (-69.6%), from €9,873 to €3,003
- Taxes -€521
down €521 (-98.5%), from €529 to €8
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,452
Gross operating margin
-€6,870
Other operating charges
-€67
Financial income
+€13
Financial charges
+€98
Taxes
+€521
Result 2025
-€4,852
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3,599
Investment
+€270,000
Financing
-€270,000
Cash 2024
€10,173
From operations (derived)
+€3,599
Net result for the year
-€4,852
Depreciation
+€5,514
Trade debts
+€3,748
Smaller working-capital items
-€811
Investment (derived)
+€270,000
Investment in fixed assets (net)
+€270,000
Financing
-€270,000
Contributions, distributions and other
-€270,000
Cash 2025
€13,773
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €807,227 | €535,312 | -€271,915 | -33.7% |
| Fixed assets | 21/28 | €795,484 | €519,970 | -€275,514 | -34.6% |
| Tangible fixed assets | 22/27 | €795,484 | €519,970 | -€275,514 | -34.6% |
| Land and buildings | 22 | €793,961 | €519,130 | -€274,831 | -34.6% |
| Plant, machinery and equipment | 23 | €1,377 | €779 | -€598 | -43.5% |
| Furniture and vehicles | 24 | €146 | €61 | -€85 | -58.1% |
| Current assets | 29/58 | €11,743 | €15,342 | +€3,599 | +30.6% |
| Current investments | 50/53 | €1,569 | €1,569 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,173 | €13,773 | +€3,599 | +35.4% |
| Total equity and liabilities | 10/49 | €807,227 | €535,312 | -€271,915 | -33.7% |
| Equity | 10/15 | €801,246 | €526,394 | -€274,852 | -34.3% |
| Contributions | 10/11 | €2,229 | €2,229 | = | 0.0% |
| Revaluation surpluses | 12 | €770,000 | €500,000 | -€270,000 | -35.1% |
| Reserves | 13 | €11,952 | €11,952 | = | 0.0% |
| Non-distributable reserves | 130/1 | €146 | €146 | = | 0.0% |
| Reserves not available under the articles | 1311 | €146 | €146 | = | 0.0% |
| Distributable reserves | 133 | €11,806 | €11,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,065 | €12,213 | -€4,852 | -28.4% |
| Amounts payable | 17/49 | €5,981 | €8,917 | +€2,937 | +49.1% |
| Amounts payable within one year | 42/48 | €5,981 | €8,917 | +€2,937 | +49.1% |
| Trade debts | 44 | €1,935 | €5,683 | +€3,748 | +194% |
| Suppliers | 440/4 | €1,935 | €5,683 | +€3,748 | +194% |
| Taxes, remuneration and social security | 45 | €560 | €20 | -€540 | -96.4% |
| Taxes | 450/3 | €560 | €20 | -€540 | -96.4% |
| Other amounts payable | 47/48 | €3,485 | €3,214 | -€271 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,514 | €5,514 | = | 0.0% |
| Other operating charges | 640/8 | €2,133 | €2,200 | +€67 | +3.1% |
| Gross operating margin | 9900 | €9,873 | €3,003 | -€6,870 | -69.6% |
| Operating profit (loss) | 9901 | €2,226 | -€4,711 | -€6,937 | |
| Financial income | 75/76B | €13 | €26 | +€13 | +103% |
| Recurring financial income | 75 | €13 | €26 | +€13 | +103% |
| Financial charges | 65/66B | €257 | €159 | -€98 | -38.2% |
| Recurring financial charges | 65 | €257 | €159 | -€98 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €1,981 | -€4,844 | -€6,825 | |
| Income taxes | 67/77 | €529 | €8 | -€521 | -98.5% |
| Profit (loss) for the period | 9904 | €1,452 | -€4,852 | -€6,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,452 | -€4,852 | -€6,305 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.