EULERO: 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.
EULERO
Largest movements
- Receivables within one year +€18,316
up €18,316 (+79.9%), from €22,916 to €41,232
of which Trade receivables: +€18,122
- Cash +€10,186
up €10,186 (+18.5%), from €55,127 to €65,313
mainly Net result for the year (+€98,828) and Other debts (+€32,488)
- Other debts +€32,488
up €32,488 (+49.0%), from €66,340 to €98,828
- Tax, wage and social debts -€4,542
down €4,542 (-47.2%), from €9,615 to €5,073
- Gross operating margin +€40,840
up €40,840 (+69.2%), from €59,034 to €99,875
- Taxes +€8,149
up €8,149 (+70.1%), from €11,624 to €19,773
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 | €81,608 | €109,448 | +€27,840 | +34.1% |
| Fixed assets | 21/28 | €3,565 | €2,903 | -€662 | -18.6% |
| Tangible fixed assets | 22/27 | €1,565 | €903 | -€662 | -42.3% |
| Furniture and vehicles | 24 | €1,565 | €903 | -€662 | -42.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €78,043 | €106,545 | +€28,502 | +36.5% |
| Amounts receivable within one year | 40/41 | €22,916 | €41,232 | +€18,316 | +79.9% |
| Trade receivables | 40 | €22,540 | €40,662 | +€18,122 | +80.4% |
| Other amounts receivable | 41 | €376 | €570 | +€194 | +51.6% |
| Cash at bank and in hand | 54/58 | €55,127 | €65,313 | +€10,186 | +18.5% |
| Total equity and liabilities | 10/49 | €81,608 | €109,448 | +€27,840 | +34.1% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €76,608 | €104,448 | +€27,840 | +36.3% |
| Amounts payable within one year | 42/48 | €76,608 | €104,448 | +€27,840 | +36.3% |
| Trade debts | 44 | €653 | €547 | -€106 | -16.2% |
| Suppliers | 440/4 | €653 | €547 | -€106 | -16.2% |
| Taxes, remuneration and social security | 45 | €9,615 | €5,073 | -€4,542 | -47.2% |
| Taxes | 450/3 | €9,615 | €5,073 | -€4,542 | -47.2% |
| Other amounts payable | 47/48 | €66,340 | €98,828 | +€32,488 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | €662 | +€161 | +32.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €59,034 | €99,875 | +€40,840 | +69.2% |
| Operating profit (loss) | 9901 | €58,146 | €98,813 | +€40,667 | +69.9% |
| Financial income | 75/76B | €20,000 | €20,000 | = | 0.0% |
| Recurring financial income | 75 | €20,000 | €20,000 | = | 0.0% |
| Financial charges | 65/66B | €181 | €212 | +€30 | +16.8% |
| Recurring financial charges | 65 | €181 | €212 | +€30 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €77,964 | €118,601 | +€40,636 | +52.1% |
| Income taxes | 67/77 | €11,624 | €19,773 | +€8,149 | +70.1% |
| Profit (loss) for the period | 9904 | €66,340 | €98,828 | +€32,488 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,340 | €98,828 | +€32,488 | +49.0% |
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 3 October 2026 via checked.be.