EULADE: 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.
EULADE
Largest movements
- Tangible fixed assets +€84,702
up €84,702 (+248.8%), from €34,043 to €118,745
- Receivables within one year +€25,636
up €25,636 (+50.6%), from €50,712 to €76,348
of which Other amounts receivable: +€16,754
- Debts after one year +€83,788
new in 2025: €83,788
- Current portion of long-term debt +€13,500
new in 2025: €13,500
- Profit (loss) carried forward +€7,874
up €7,874 (+14.7%), from €53,619 to €61,493
- Tax, wage and social debts +€2,810
up €2,810 (+21.8%), from €12,900 to €15,710
of which Remuneration and social security: +€2,131
- Depreciation +€26,346
up €26,346 (+635.7%), from €4,145 to €30,491
- Gross operating margin -€21,787
down €21,787 (-30.6%), from €71,168 to €49,381
- Taxes -€10,722
down €10,722 (-83.1%), from €12,900 to €2,178
- Financial charges +€5,166
up €5,166 (+1275.2%), from €405 to €5,571
- Other operating charges +€2,278
up €2,278 (+3610.6%), from €63 to €2,341
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 | €88,561 | €197,573 | +€109,011 | +123.1% |
| Fixed assets | 21/28 | €34,043 | €118,843 | +€84,801 | +249.1% |
| Tangible fixed assets | 22/27 | €34,043 | €118,745 | +€84,702 | +248.8% |
| Furniture and vehicles | 24 | €34,043 | €118,745 | +€84,702 | +248.8% |
| Financial fixed assets | 28 | - | €98 | +€98 | |
| Current assets | 29/58 | €54,518 | €78,729 | +€24,211 | +44.4% |
| Amounts receivable within one year | 40/41 | €50,712 | €76,348 | +€25,636 | +50.6% |
| Trade receivables | 40 | €47,034 | €55,916 | +€8,882 | +18.9% |
| Other amounts receivable | 41 | €3,678 | €20,432 | +€16,754 | +455.6% |
| Cash at bank and in hand | 54/58 | €3,806 | €1,899 | -€1,908 | -50.1% |
| Deferred charges and accrued income | 490/1 | - | €482 | +€482 | |
| Total equity and liabilities | 10/49 | €88,561 | €197,573 | +€109,011 | +123.1% |
| Equity | 10/15 | €58,619 | €66,493 | +€7,874 | +13.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,619 | €61,493 | +€7,874 | +14.7% |
| Amounts payable | 17/49 | €29,942 | €131,079 | +€101,137 | +337.8% |
| Amounts payable after more than one year | 17 | - | €83,788 | +€83,788 | |
| Financial debts | 170/4 | - | €83,788 | +€83,788 | |
| Amounts payable within one year | 42/48 | €29,942 | €47,291 | +€17,349 | +57.9% |
| Current portion of amounts payable after more than one year | 42 | - | €13,500 | +€13,500 | |
| Trade debts | 44 | €17,042 | €18,081 | +€1,039 | +6.1% |
| Suppliers | 440/4 | €17,042 | €18,081 | +€1,039 | +6.1% |
| Taxes, remuneration and social security | 45 | €12,900 | €15,710 | +€2,810 | +21.8% |
| Taxes | 450/3 | €12,900 | €13,578 | +€678 | +5.3% |
| Remuneration and social security | 454/9 | - | €2,131 | +€2,131 | |
| Remuneration, social security and pensions | 62 | €36 | €1,533 | +€1,497 | +4158.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,145 | €30,491 | +€26,346 | +635.7% |
| Other operating charges | 640/8 | €63 | €2,341 | +€2,278 | +3610.6% |
| Gross operating margin | 9900 | €71,168 | €49,381 | -€21,787 | -30.6% |
| Operating profit (loss) | 9901 | €66,925 | €15,015 | -€51,909 | -77.6% |
| Financial income | 75/76B | - | €608 | +€608 | |
| Recurring financial income | 75 | - | €608 | +€608 | |
| Financial charges | 65/66B | €405 | €5,571 | +€5,166 | +1275.2% |
| Recurring financial charges | 65 | €405 | €5,571 | +€5,166 | +1275.2% |
| Profit (loss) for the period before taxes | 9903 | €66,519 | €10,052 | -€56,467 | -84.9% |
| Income taxes | 67/77 | €12,900 | €2,178 | -€10,722 | -83.1% |
| Profit (loss) for the period | 9904 | €53,619 | €7,874 | -€45,746 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,619 | €7,874 | -€45,746 | -85.3% |
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.