EUPHELIA: 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.
EUPHELIA
Largest movements
- Cash +€57,084
up €57,084 (+80.2%), from €71,184 to €128,268
mainly Net result for the year (+€31,421) and Other debts (+€15,000)
- Receivables within one year +€10,346
up €10,346 (+291%), from €3,559 to €13,905
of which Trade receivables: +€9,746
- Tangible fixed assets -€9,888
down €9,888 (-25.0%), from €39,524 to €29,636
of which Other tangible fixed assets: -€8,377
- Intangible fixed assets -€2,500
down €2,500 (-54.5%), from €4,583 to €2,083
- Reserves +€16,421
up €16,421 (+77.8%), from €21,114 to €37,535
- Other debts +€15,000
new in 2025: €15,000
- Accrued charges and deferred income +€12,826
up €12,826 (+236%), from €5,431 to €18,257
- Trade debts +€10,143
up €10,143 (+60.6%), from €16,743 to €26,886
- Tax, wage and social debts +€2,176
up €2,176 (+5.4%), from €39,928 to €42,103
of which Remuneration and social security: +€12,224
- Gross operating margin +€46,791
up €46,791 (+21.9%), from €213,715 to €260,506
- Staff costs +€32,377
up €32,377 (+22.2%), from €145,744 to €178,122
- Financial charges +€3,343
up €3,343 (+802%), from €417 to €3,760
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 | €123,216 | €179,782 | +€56,566 | +45.9% |
| Fixed assets | 21/28 | €45,670 | €33,583 | -€12,088 | -26.5% |
| Intangible fixed assets | 21 | €4,583 | €2,083 | -€2,500 | -54.5% |
| Tangible fixed assets | 22/27 | €39,524 | €29,636 | -€9,888 | -25.0% |
| Furniture and vehicles | 24 | €4,341 | €2,830 | -€1,510 | -34.8% |
| Other tangible fixed assets | 26 | €35,183 | €26,806 | -€8,377 | -23.8% |
| Financial fixed assets | 28 | €1,563 | €1,863 | +€300 | +19.2% |
| Current assets | 29/58 | €77,545 | €146,199 | +€68,654 | +88.5% |
| Stocks and contracts in progress | 3 | €1,450 | €1,450 | = | 0.0% |
| Stocks | 30/36 | €1,450 | €1,450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,559 | €13,905 | +€10,346 | +291% |
| Trade receivables | 40 | €2,832 | €12,578 | +€9,746 | +344% |
| Other amounts receivable | 41 | €726 | €1,327 | +€600 | +82.6% |
| Cash at bank and in hand | 54/58 | €71,184 | €128,268 | +€57,084 | +80.2% |
| Deferred charges and accrued income | 490/1 | €1,353 | €2,576 | +€1,224 | +90.5% |
| Total equity and liabilities | 10/49 | €123,216 | €179,782 | +€56,566 | +45.9% |
| Equity | 10/15 | €61,114 | €77,535 | +€16,421 | +26.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €21,114 | €37,535 | +€16,421 | +77.8% |
| Distributable reserves | 133 | €21,114 | €37,535 | +€16,421 | +77.8% |
| Amounts payable | 17/49 | €62,102 | €102,247 | +€40,145 | +64.6% |
| Amounts payable within one year | 42/48 | €56,671 | €83,990 | +€27,319 | +48.2% |
| Trade debts | 44 | €16,743 | €26,886 | +€10,143 | +60.6% |
| Suppliers | 440/4 | €16,743 | €26,886 | +€10,143 | +60.6% |
| Taxes, remuneration and social security | 45 | €39,928 | €42,103 | +€2,176 | +5.4% |
| Taxes | 450/3 | €16,335 | €6,286 | -€10,048 | -61.5% |
| Remuneration and social security | 454/9 | €23,593 | €35,817 | +€12,224 | +51.8% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €5,431 | €18,257 | +€12,826 | +236% |
| Non-recurring operating income | 76A | €951 | - | -€951 | |
| Remuneration, social security and pensions | 62 | €145,744 | €178,122 | +€32,377 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,561 | €14,578 | +€17 | +0.1% |
| Other operating charges | 640/8 | €21,164 | €23,440 | +€2,276 | +10.8% |
| Gross operating margin | 9900 | €213,715 | €260,506 | +€46,791 | +21.9% |
| Operating profit (loss) | 9901 | €32,245 | €44,366 | +€12,121 | +37.6% |
| Financial income | 75/76B | €153 | €786 | +€633 | +415% |
| Recurring financial income | 75 | €153 | €786 | +€633 | +415% |
| Financial charges | 65/66B | €417 | €3,760 | +€3,343 | +802% |
| Recurring financial charges | 65 | €417 | €3,760 | +€3,343 | +802% |
| Profit (loss) for the period before taxes | 9903 | €31,981 | €41,392 | +€9,411 | +29.4% |
| Income taxes | 67/77 | €9,840 | €9,971 | +€131 | +1.3% |
| Profit (loss) for the period | 9904 | €22,141 | €31,421 | +€9,280 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,141 | €31,421 | +€9,280 | +41.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.