EUNICE: what changed
Two financial 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.
EUNICE
Largest movements
- Current investments +€1.7m
up €1.7m (+549%), from €310,000 to €2.0m
- Receivables after one year -€1.2m
down €1.2m (-48.7%), from €2.4m to €1.2m
- Receivables within one year +€235,946
up €235,946 (+233%), from €101,081 to €337,027
of which Other amounts receivable: +€254,601
- Financial fixed assets +€181,555
up €181,555 (+467%), from €38,913 to €220,468
- Tangible fixed assets +€90,527
up €90,527 (+2.2%), from €4.2m to €4.3m
of which Plant, machinery and equipment: +€240,706
- Other debts +€725,708
up €725,708 (+27.2%), from €2.7m to €3.4m
- Reserves +€543,779
up €543,779 (+13.7%), from €4.0m to €4.5m
of which Tax-exempt reserves: +€511,914
- Debts after one year -€190,000
down €190,000 (-72.4%), from €262,500 to €72,500
- Provisions +€167,541
up €167,541 (+38.2%), from €438,193 to €605,733
of which Deferred taxes: +€167,541
- Tax, wage and social debts -€131,566
down €131,566 (-83.2%), from €158,156 to €26,590
- Gross operating margin +€839,802
up €839,802 (+167%), from €503,587 to €1.3m
- Financial income -€578,362
down €578,362 (-87.7%), from €659,803 to €81,441
- Taxes -€40,689
down €40,689 (-31.7%), from €128,537 to €87,848
- Financial charges +€29,108
up €29,108 (+16.1%), from €180,760 to €209,867
- Depreciation +€27,105
up €27,105 (+14.2%), from €191,495 to €218,599
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.
Derived cash bridge
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 | €7,906,466 | €9,043,117 | +€1.1m | +14.4% |
| Fixed assets | 21/28 | €4,208,216 | €4,480,298 | +€272,082 | +6.5% |
| Tangible fixed assets | 22/27 | €4,169,303 | €4,259,830 | +€90,527 | +2.2% |
| Land and buildings | 22 | €4,068,974 | €3,913,803 | -€155,171 | -3.8% |
| Plant, machinery and equipment | 23 | €3,614 | €244,320 | +€240,706 | +6,661% |
| Furniture and vehicles | 24 | €96,715 | €101,707 | +€4,992 | +5.2% |
| Financial fixed assets | 28 | €38,913 | €220,468 | +€181,555 | +467% |
| Current assets | 29/58 | €3,698,250 | €4,562,819 | +€864,569 | +23.4% |
| Amounts receivable after more than one year | 29 | €2,386,436 | €1,225,209 | -€1.2m | -48.7% |
| Other amounts receivable | 291 | €2,386,436 | €1,225,209 | -€1.2m | -48.7% |
| Stocks and contracts in progress | 3 | €737,557 | €781,129 | +€43,572 | +5.9% |
| Stocks | 30/36 | €737,557 | €781,129 | +€43,572 | +5.9% |
| Amounts receivable within one year | 40/41 | €101,081 | €337,027 | +€235,946 | +233% |
| Trade receivables | 40 | €100,817 | €82,161 | -€18,656 | -18.5% |
| Other amounts receivable | 41 | €265 | €254,866 | +€254,601 | +96,221% |
| Current investments | 50/53 | €310,000 | €2,012,985 | +€1.7m | +549% |
| Cash at bank and in hand | 54/58 | €91,876 | €146,521 | +€54,645 | +59.5% |
| Deferred charges and accrued income | 490/1 | €71,300 | €59,948 | -€11,353 | -15.9% |
| Total equity and liabilities | 10/49 | €7,906,466 | €9,043,117 | +€1.1m | +14.4% |
| Equity | 10/15 | €4,000,337 | €4,544,116 | +€543,779 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,981,737 | €4,525,516 | +€543,779 | +13.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €589,179 | €1,101,093 | +€511,914 | +86.9% |
| Distributable reserves | 133 | €3,390,697 | €3,422,562 | +€31,865 | +0.9% |
| Provisions and deferred taxes | 16 | €438,193 | €605,733 | +€167,541 | +38.2% |
| Provisions for liabilities and charges | 160/5 | €232,300 | €232,300 | = | 0.0% |
| Pensions and similar obligations | 160 | €232,300 | €232,300 | = | 0.0% |
| Deferred taxes | 168 | €205,892 | €373,433 | +€167,541 | +81.4% |
| Amounts payable | 17/49 | €3,467,937 | €3,893,268 | +€425,331 | +12.3% |
| Amounts payable after more than one year | 17 | €262,500 | €72,500 | -€190,000 | -72.4% |
| Financial debts | 170/4 | €262,500 | €72,500 | -€190,000 | -72.4% |
| Amounts payable within one year | 42/48 | €3,028,564 | €3,617,728 | +€589,164 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €190,000 | €190,000 | = | 0.0% |
| Trade debts | 44 | €16,901 | €12,152 | -€4,749 | -28.1% |
| Suppliers | 440/4 | €16,901 | €12,152 | -€4,749 | -28.1% |
| Advances received on contracts in progress | 46 | €230 | - | -€230 | |
| Taxes, remuneration and social security | 45 | €158,156 | €26,590 | -€131,566 | -83.2% |
| Taxes | 450/3 | €158,156 | €26,590 | -€131,566 | -83.2% |
| Other amounts payable | 47/48 | €2,663,277 | €3,388,986 | +€725,708 | +27.2% |
| Accrued charges and deferred income | 492/3 | €176,872 | €203,040 | +€26,167 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,495 | €218,599 | +€27,105 | +14.2% |
| Other operating charges | 640/8 | €21,575 | €21,167 | -€408 | -1.9% |
| Gross operating margin | 9900 | €503,587 | €1,343,389 | +€839,802 | +167% |
| Operating profit (loss) | 9901 | €290,517 | €1,103,623 | +€813,106 | +280% |
| Financial income | 75/76B | €659,803 | €81,441 | -€578,362 | -87.7% |
| Recurring financial income | 75 | €659,803 | €81,441 | -€578,362 | -87.7% |
| Financial charges | 65/66B | €180,760 | €209,867 | +€29,108 | +16.1% |
| Recurring financial charges | 65 | €180,760 | €209,867 | +€29,108 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €769,560 | €975,196 | +€205,636 | +26.7% |
| Transfer from deferred taxes | 780 | €8,992 | €19,007 | +€10,015 | +111% |
| Transfer to deferred taxes | 680 | - | €186,548 | +€186,548 | |
| Income taxes | 67/77 | €128,537 | €87,848 | -€40,689 | -31.7% |
| Profit (loss) for the period | 9904 | €650,015 | €719,807 | +€69,792 | +10.7% |
| Transfer from tax-exempt reserves | 789 | €23,888 | €47,731 | +€23,843 | +99.8% |
| Transfer to tax-exempt reserves | 689 | - | €559,645 | +€559,645 | |
| Profit (loss) for the period to be appropriated | 9905 | €673,903 | €207,893 | -€466,010 | -69.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.