EUPHROSIMO: 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.
EUPHROSIMO
Largest movements
- Tangible fixed assets -€8,485
down €8,485 (-3.2%), from €266,364 to €257,879
- Cash -€5,489
down €5,489 (-61.2%), from €8,971 to €3,482
mainly Debts after one year (-€34,078) and Tax, wage and social debts (-€7,985)
- Debts after one year -€34,078
down €34,078 (-57.0%), from €59,754 to €25,676
- Reserves +€20,403
up €20,403 (+14.6%), from €139,958 to €160,361
of which Distributable reserves: +€20,403
- Other debts +€10,025
up €10,025 (+33.4%), from €30,000 to €40,025
- Tax, wage and social debts -€7,985
down €7,985 (-66.0%), from €12,106 to €4,121
No income-statement line moved by more than 1% of the activity.
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 | €283,727 | €273,296 | -€10,432 | -3.7% |
| Fixed assets | 21/28 | €266,364 | €257,879 | -€8,485 | -3.2% |
| Tangible fixed assets | 22/27 | €266,364 | €257,879 | -€8,485 | -3.2% |
| Land and buildings | 22 | €266,364 | €257,879 | -€8,485 | -3.2% |
| Current assets | 29/58 | €17,364 | €15,417 | -€1,947 | -11.2% |
| Amounts receivable within one year | 40/41 | €2,358 | €4,877 | +€2,519 | +106.8% |
| Other amounts receivable | 41 | €2,358 | €4,877 | +€2,519 | +106.8% |
| Cash at bank and in hand | 54/58 | €8,971 | €3,482 | -€5,489 | -61.2% |
| Deferred charges and accrued income | 490/1 | €6,034 | €7,057 | +€1,024 | +17.0% |
| Total equity and liabilities | 10/49 | €283,727 | €273,296 | -€10,432 | -3.7% |
| Equity | 10/15 | €146,158 | €166,561 | +€20,403 | +14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,958 | €160,361 | +€20,403 | +14.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €138,098 | €158,501 | +€20,403 | +14.8% |
| Amounts payable | 17/49 | €137,569 | €106,734 | -€30,835 | -22.4% |
| Amounts payable after more than one year | 17 | €59,754 | €25,676 | -€34,078 | -57.0% |
| Financial debts | 170/4 | €59,754 | €25,676 | -€34,078 | -57.0% |
| Amounts payable within one year | 42/48 | €76,005 | €78,224 | +€2,219 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €33,899 | €34,078 | +€179 | +0.5% |
| Taxes, remuneration and social security | 45 | €12,106 | €4,121 | -€7,985 | -66.0% |
| Taxes | 450/3 | €12,106 | €4,121 | -€7,985 | -66.0% |
| Other amounts payable | 47/48 | €30,000 | €40,025 | +€10,025 | +33.4% |
| Accrued charges and deferred income | 492/3 | €1,810 | €2,834 | +€1,024 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,485 | €8,485 | = | 0.0% |
| Other operating charges | 640/8 | €1,516 | €1,862 | +€347 | +22.9% |
| Gross operating margin | 9900 | €41,262 | €40,992 | -€269 | -0.7% |
| Operating profit (loss) | 9901 | €31,261 | €30,645 | -€616 | -2.0% |
| Financial charges | 65/66B | €729 | €721 | -€8 | -1.1% |
| Recurring financial charges | 65 | €729 | €721 | -€8 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €30,532 | €29,924 | -€608 | -2.0% |
| Income taxes | 67/77 | €9,723 | €9,521 | -€201 | -2.1% |
| Profit (loss) for the period | 9904 | €20,810 | €20,403 | -€407 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,810 | €20,403 | -€407 | -2.0% |
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 10 October 2026 via checked.be.