EURACLE: 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.
EURACLE
Largest movements
- Cash -€110,123
down €110,123 (-16.4%), from €671,110 to €560,987
mainly Tax, wage and social debts (-€77,364) and Contributions, distributions and other (-€55,900)
- Tax, wage and social debts -€77,364
down €77,364 (-44.3%), from €174,804 to €97,440
- Reserves +€35,875
up €35,875 (+3.6%), from €992,109 to €1.0m
of which Non-distributable reserves: +€34,016
- Debts after one year -€34,212
down €34,212 (-46.9%), from €72,900 to €38,688
- Current portion of long-term debt -€26,953
down €26,953 (-44.1%), from €61,165 to €34,212
- Gross operating margin -€264,240
down €264,240 (-65.5%), from €403,298 to €139,058
- Taxes -€101,900
down €101,900 (-81.9%), from €124,383 to €22,483
- Financial income -€17,941
down €17,941 (-85.1%), from €21,089 to €3,148
- Depreciation +€6,636
up €6,636 (+70.7%), from €9,385 to €16,021
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 | €1,314,536 | €1,211,298 | -€103,238 | -7.9% |
| Fixed assets | 21/28 | €52,771 | €56,725 | +€3,954 | +7.5% |
| Tangible fixed assets | 22/27 | €51,480 | €55,434 | +€3,954 | +7.7% |
| Plant, machinery and equipment | 23 | €33,070 | €45,841 | +€12,772 | +38.6% |
| Furniture and vehicles | 24 | €18,410 | €9,593 | -€8,818 | -47.9% |
| Financial fixed assets | 28 | €1,291 | €1,291 | = | 0.0% |
| Current assets | 29/58 | €1,261,765 | €1,154,573 | -€107,192 | -8.5% |
| Amounts receivable within one year | 40/41 | €6,655 | €9,586 | +€2,931 | +44.0% |
| Trade receivables | 40 | €6,655 | €8,308 | +€1,653 | +24.8% |
| Other amounts receivable | 41 | - | €1,278 | +€1,278 | |
| Current investments | 50/53 | €584,000 | €584,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €671,110 | €560,987 | -€110,123 | -16.4% |
| Total equity and liabilities | 10/49 | €1,314,536 | €1,211,298 | -€103,238 | -7.9% |
| Equity | 10/15 | €1,002,570 | €1,038,447 | +€35,877 | +3.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | - | -€6,197 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Uncalled capital | 101 | €12,395 | - | -€12,395 | |
| Outside capital | 11 | - | €6,197 | +€6,197 | |
| Other | 1109/19 | - | €6,197 | +€6,197 | |
| Reserves | 13 | €992,109 | €1,027,984 | +€35,875 | +3.6% |
| Non-distributable reserves | 130/1 | €844,759 | €878,775 | +€34,016 | +4.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €842,900 | €878,775 | +€35,875 | +4.3% |
| Tax-exempt reserves | 132 | €147,350 | €147,350 | = | 0.0% |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | €4,264 | €4,266 | +€2 | 0.0% |
| Amounts payable | 17/49 | €311,966 | €172,850 | -€139,115 | -44.6% |
| Amounts payable after more than one year | 17 | €72,900 | €38,688 | -€34,212 | -46.9% |
| Financial debts | 170/4 | €72,900 | €38,688 | -€34,212 | -46.9% |
| Amounts payable within one year | 42/48 | €239,065 | €134,162 | -€104,904 | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €61,165 | €34,212 | -€26,953 | -44.1% |
| Financial debts | 43 | €697 | - | -€697 | |
| Credit institutions | 430/8 | €697 | - | -€697 | |
| Trade debts | 44 | €2,379 | €2,144 | -€235 | -9.9% |
| Suppliers | 440/4 | €2,379 | €2,144 | -€235 | -9.9% |
| Taxes, remuneration and social security | 45 | €174,804 | €97,440 | -€77,364 | -44.3% |
| Taxes | 450/3 | €174,804 | €97,440 | -€77,364 | -44.3% |
| Other amounts payable | 47/48 | €22 | €366 | +€344 | +1596.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,385 | €16,021 | +€6,636 | +70.7% |
| Other operating charges | 640/8 | €4,460 | €5,622 | +€1,163 | +26.1% |
| Non-recurring operating charges | 66A | €833 | - | -€833 | |
| Gross operating margin | 9900 | €403,298 | €139,058 | -€264,240 | -65.5% |
| Operating profit (loss) | 9901 | €388,621 | €117,415 | -€271,206 | -69.8% |
| Financial income | 75/76B | €21,089 | €3,148 | -€17,941 | -85.1% |
| Recurring financial income | 75 | €21,089 | €3,148 | -€17,941 | -85.1% |
| Financial charges | 65/66B | €8,298 | €6,303 | -€1,995 | -24.0% |
| Recurring financial charges | 65 | €8,118 | €6,196 | -€1,922 | -23.7% |
| Non-recurring financial charges | 66B | €179 | €106 | -€73 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €401,412 | €114,261 | -€287,152 | -71.5% |
| Income taxes | 67/77 | €124,383 | €22,483 | -€101,900 | -81.9% |
| Profit (loss) for the period | 9904 | €277,029 | €91,777 | -€185,252 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €277,029 | €91,777 | -€185,252 | -66.9% |
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 30 September 2026 via checked.be.