EULOGIC: what changed
What changed
EULOGIC
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
€18,108
2025 · €3,233+€14,875
Equity
€368,513
2025 · €354,198+€14,315
Cash
€34,555
2025 · €148,653-€114,099
Balance sheet total
€1.0m
2025 · €959,353+€73,509
Largest movements
Assets
- Tangible fixed assets +€191,535
up €191,535 (+33.1%), from €579,455 to €770,990
of which Land and buildings: +€185,978
- Cash -€114,099
down €114,099 (-76.8%), from €148,653 to €34,555
mainly Investment in fixed assets (net) (-€235,980) and Tax, wage and social debts (-€7,467)
- Receivables within one year -€10,909
down €10,909 (-9.8%), from €111,552 to €100,643
of which Trade receivables: -€10,692
Equity and liabilities
- Debts after one year +€66,895
up €66,895 (+14.2%), from €470,898 to €537,793
- Reserves +€18,108
up €18,108 (+6.6%), from €273,492 to €291,601
Income statement
- Depreciation -€25,596
down €25,596 (-36.5%), from €70,040 to €44,444
- Staff costs +€23,701
up €23,701 (+9.8%), from €241,886 to €265,586
- Gross operating margin +€13,404
up €13,404 (+3.8%), from €350,391 to €363,794
Change in the result, 2025 to 2026
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 2025
€3,233
Gross operating margin
+€13,404
Staff costs
-€23,701
Depreciation
+€25,596
Write-downs
-€3,128
Other operating charges
+€684
Financial income
+€1,167
Financial charges
+€1,134
Taxes
-€281
Result 2026
€18,108
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€58,778
Investment
-€235,980
Financing
+€63,102
Cash 2025
€148,653
From operations (derived)
+€58,778
Net result for the year
+€18,108
Depreciation
+€44,444
Stocks and contracts
-€6,827
Receivables within one year
+€10,909
Smaller working-capital items
-€182
Trade debts
+€2,208
Tax, wage and social debts
-€7,467
Accrued charges and deferred income
-€2,416
Investment (derived)
-€235,980
Investment in fixed assets (net)
-€235,980
Financing
+€63,102
Debts after one year
+€66,895
Contributions, distributions and other
-€3,793
Cash 2026
€34,555
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €959,353 | €1,032,862 | +€73,509 | +7.7% |
| Fixed assets | 21/28 | €579,455 | €770,990 | +€191,535 | +33.1% |
| Tangible fixed assets | 22/27 | €579,455 | €770,990 | +€191,535 | +33.1% |
| Land and buildings | 22 | €571,641 | €757,619 | +€185,978 | +32.5% |
| Plant, machinery and equipment | 23 | €2,120 | €3,497 | +€1,377 | +65.0% |
| Furniture and vehicles | 24 | €5,694 | €9,875 | +€4,180 | +73.4% |
| Current assets | 29/58 | €379,898 | €261,872 | -€118,026 | -31.1% |
| Stocks and contracts in progress | 3 | €109,044 | €115,871 | +€6,827 | +6.3% |
| Stocks | 30/36 | €109,044 | €115,871 | +€6,827 | +6.3% |
| Amounts receivable within one year | 40/41 | €111,552 | €100,643 | -€10,909 | -9.8% |
| Trade receivables | 40 | €107,722 | €97,030 | -€10,692 | -9.9% |
| Other amounts receivable | 41 | €3,830 | €3,613 | -€217 | -5.7% |
| Cash at bank and in hand | 54/58 | €148,653 | €34,555 | -€114,099 | -76.8% |
| Deferred charges and accrued income | 490/1 | €10,648 | €10,804 | +€156 | +1.5% |
| Total equity and liabilities | 10/49 | €959,353 | €1,032,862 | +€73,509 | +7.7% |
| Equity | 10/15 | €354,198 | €368,513 | +€14,315 | +4.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €273,492 | €291,601 | +€18,108 | +6.6% |
| Distributable reserves | 133 | €273,492 | €291,601 | +€18,108 | +6.6% |
| Profit (loss) carried forward | 14 | €2,473 | €1,640 | -€833 | -33.7% |
| Investment grants | 15 | €28,233 | €25,273 | -€2,960 | -10.5% |
| Amounts payable | 17/49 | €605,155 | €664,349 | +€59,194 | +9.8% |
| Amounts payable after more than one year | 17 | €470,898 | €537,793 | +€66,895 | +14.2% |
| Financial debts | 170/4 | €470,898 | €537,793 | +€66,895 | +14.2% |
| Amounts payable within one year | 42/48 | €110,980 | €105,695 | -€5,285 | -4.8% |
| Trade debts | 44 | €41,582 | €43,791 | +€2,208 | +5.3% |
| Suppliers | 440/4 | €41,582 | €43,791 | +€2,208 | +5.3% |
| Taxes, remuneration and social security | 45 | €68,539 | €61,072 | -€7,467 | -10.9% |
| Taxes | 450/3 | €30,675 | €19,622 | -€11,053 | -36.0% |
| Remuneration and social security | 454/9 | €37,864 | €41,450 | +€3,586 | +9.5% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Accrued charges and deferred income | 492/3 | €23,277 | €20,861 | -€2,416 | -10.4% |
| Remuneration, social security and pensions | 62 | €241,886 | €265,586 | +€23,701 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,040 | €44,444 | -€25,596 | -36.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,128 | +€3,128 | |
| Other operating charges | 640/8 | €6,469 | €5,785 | -€684 | -10.6% |
| Gross operating margin | 9900 | €350,391 | €363,794 | +€13,404 | +3.8% |
| Operating profit (loss) | 9901 | €31,996 | €44,851 | +€12,855 | +40.2% |
| Financial income | 75/76B | €3,332 | €4,499 | +€1,167 | +35.0% |
| Recurring financial income | 75 | €3,332 | €3,499 | +€166 | +5.0% |
| Non-recurring financial income | 76B | - | €1,001 | +€1,001 | |
| Financial charges | 65/66B | €25,925 | €24,790 | -€1,134 | -4.4% |
| Recurring financial charges | 65 | €25,925 | €24,790 | -€1,134 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €9,403 | €24,560 | +€15,157 | +161% |
| Income taxes | 67/77 | €6,170 | €6,452 | +€281 | +4.6% |
| Profit (loss) for the period | 9904 | €3,233 | €18,108 | +€14,875 | +460% |
| Profit (loss) for the period to be appropriated | 9905 | €3,233 | €18,108 | +€14,875 | +460% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.