EURACON: 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.
EURACON
Largest movements
- Receivables within one year -€134,015
down €134,015 (-99.2%), from €135,040 to €1,025
of which Trade receivables: -€117,475
- Cash +€115,303
up €115,303 (+61.7%), from €186,980 to €302,283
mainly Receivables within one year (+€134,015) and Investment in fixed assets (net) (+€102,951)
- Tangible fixed assets -€109,045
down €109,045 (-63.0%), from €173,205 to €64,160
of which Land and buildings: -€107,200
- Receivables after one year -€55,000
down €55,000 (-100%), from €55,000 to €0
- Reserves -€137,000
down €137,000 (-52.4%), from €261,400 to €124,400
- Debts after one year -€74,936
down €74,936 (-100%), from €74,936 to €0
- Tax, wage and social debts +€31,257
up €31,257 (+682%), from €4,581 to €35,838
- Current portion of long-term debt -€18,997
down €18,997 (-100%), from €18,997 to €0
- Other debts +€13,326
up €13,326 (+7.8%), from €170,170 to €183,496
- Depreciation -€30,014
down €30,014 (-83.1%), from €36,108 to €6,094
- Gross operating margin +€15,592
up €15,592 (+43.0%), from €36,225 to €51,817
- Taxes +€12,119
up €12,119 (+3,146%), from €385 to €12,505
- Financial income +€3,495
up €3,495 (+34,949,300%), from €0 to €3,495
- Other operating charges -€1,109
down €1,109 (-62.2%), from €1,781 to €672
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 | €550,830 | €367,561 | -€183,269 | -33.3% |
| Fixed assets | 21/28 | €173,205 | €64,160 | -€109,045 | -63.0% |
| Tangible fixed assets | 22/27 | €173,205 | €64,160 | -€109,045 | -63.0% |
| Land and buildings | 22 | €151,465 | €44,266 | -€107,200 | -70.8% |
| Plant, machinery and equipment | 23 | €1,376 | €635 | -€741 | -53.8% |
| Furniture and vehicles | 24 | €3,315 | €3,379 | +€65 | +2.0% |
| Other tangible fixed assets | 26 | €17,049 | €15,880 | -€1,169 | -6.9% |
| Current assets | 29/58 | €377,626 | €303,402 | -€74,224 | -19.7% |
| Amounts receivable after more than one year | 29 | €55,000 | €0 | -€55,000 | -100% |
| Trade receivables | 290 | €55,000 | €0 | -€55,000 | -100% |
| Amounts receivable within one year | 40/41 | €135,040 | €1,025 | -€134,015 | -99.2% |
| Trade receivables | 40 | €118,500 | €1,025 | -€117,475 | -99.1% |
| Other amounts receivable | 41 | €16,540 | €0 | -€16,540 | -100% |
| Cash at bank and in hand | 54/58 | €186,980 | €302,283 | +€115,303 | +61.7% |
| Deferred charges and accrued income | 490/1 | €606 | €94 | -€512 | -84.6% |
| Total equity and liabilities | 10/49 | €550,830 | €367,561 | -€183,269 | -33.3% |
| Equity | 10/15 | €278,916 | €146,078 | -€132,838 | -47.6% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €261,400 | €124,400 | -€137,000 | -52.4% |
| Distributable reserves | 133 | €261,400 | €124,400 | -€137,000 | -52.4% |
| Profit (loss) carried forward | 14 | -€2,936 | €1,226 | +€4,162 | |
| Amounts payable | 17/49 | €271,915 | €221,484 | -€50,431 | -18.5% |
| Amounts payable after more than one year | 17 | €74,936 | €0 | -€74,936 | -100% |
| Financial debts | 170/4 | €74,936 | €0 | -€74,936 | -100% |
| Amounts payable within one year | 42/48 | €196,979 | €221,484 | +€24,505 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €18,997 | €0 | -€18,997 | -100% |
| Trade debts | 44 | €3,231 | €2,150 | -€1,081 | -33.4% |
| Suppliers | 440/4 | €3,231 | €2,150 | -€1,081 | -33.4% |
| Taxes, remuneration and social security | 45 | €4,581 | €35,838 | +€31,257 | +682% |
| Taxes | 450/3 | €4,581 | €35,838 | +€31,257 | +682% |
| Other amounts payable | 47/48 | €170,170 | €183,496 | +€13,326 | +7.8% |
| Non-recurring operating income | 76A | - | €64,082 | +€64,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,108 | €6,094 | -€30,014 | -83.1% |
| Other operating charges | 640/8 | €1,781 | €672 | -€1,109 | -62.2% |
| Gross operating margin | 9900 | €36,225 | €51,817 | +€15,592 | +43.0% |
| Operating profit (loss) | 9901 | -€1,664 | €45,051 | +€46,715 | |
| Financial income | 75/76B | €0 | €3,495 | +€3,495 | +34,949,300% |
| Recurring financial income | 75 | €0 | €3,495 | +€3,495 | +34,949,300% |
| Financial charges | 65/66B | €2,830 | €3,879 | +€1,049 | +37.1% |
| Recurring financial charges | 65 | €2,830 | €3,879 | +€1,049 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,494 | €44,667 | +€49,161 | |
| Income taxes | 67/77 | €385 | €12,505 | +€12,119 | +3,146% |
| Profit (loss) for the period | 9904 | -€4,880 | €32,162 | +€37,042 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,880 | €32,162 | +€37,042 |
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 14 October 2026 via checked.be.