EURAS TRADING: 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.
EURAS TRADING
Largest movements
- Receivables within one year -€5.1m
down €5.1m (-74.0%), from €6.9m to €1.8m
of which Other amounts receivable: -€5.1m
- Financial fixed assets +€4.1m
up €4.1m (+191%), from €2.1m to €6.2m
- Current investments +€790,809
new in 2025: €790,809
- Tax, wage and social debts -€226,365
down €226,365 (-98.4%), from €229,993 to €3,629
of which Taxes: -€226,365
- Financial income -€2.5m
down €2.5m (-98.7%), from €2.5m to €31,693
- Taxes -€226,466
down €226,466 (-99.8%), from €227,004 to €539
- Financial charges +€31,675
up €31,675 (+2,323%), from €1,364 to €33,038
- Gross operating margin -€8,935
down €8,935 (-73.4%), from -€12,177 to -€21,112
- Depreciation +€352
up €352 (+198%), from €178 to €530
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 | €9,128,272 | €8,867,168 | -€261,104 | -2.9% |
| Fixed assets | 21/28 | €2,143,581 | €6,233,576 | +€4.1m | +191% |
| Tangible fixed assets | 22/27 | €1,581 | €2,836 | +€1,255 | +79.3% |
| Furniture and vehicles | 24 | €1,581 | €2,836 | +€1,255 | +79.3% |
| Financial fixed assets | 28 | €2,142,000 | €6,230,740 | +€4.1m | +191% |
| Current assets | 29/58 | €6,984,691 | €2,633,592 | -€4.4m | -62.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,931,676 | €1,804,700 | -€5.1m | -74.0% |
| Trade receivables | 40 | €7,502 | €15,004 | +€7,502 | +100% |
| Other amounts receivable | 41 | €6,924,174 | €1,789,696 | -€5.1m | -74.2% |
| Current investments | 50/53 | - | €790,809 | +€790,809 | |
| Cash at bank and in hand | 54/58 | €23,937 | €6,560 | -€17,377 | -72.6% |
| Deferred charges and accrued income | 490/1 | €29,077 | €31,523 | +€2,446 | +8.4% |
| Total equity and liabilities | 10/49 | €9,128,272 | €8,867,168 | -€261,104 | -2.9% |
| Equity | 10/15 | €8,877,681 | €8,851,585 | -€26,096 | -0.3% |
| Contributions | 10/11 | €49,150 | €49,150 | = | 0.0% |
| Capital | 10 | €49,150 | €49,150 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €8,828,531 | €8,802,435 | -€26,096 | -0.3% |
| Non-distributable reserves | 130/1 | €50,900 | €50,900 | = | 0.0% |
| Legal reserve | 130 | €50,900 | €50,900 | = | 0.0% |
| Distributable reserves | 133 | €8,777,631 | €8,751,535 | -€26,096 | -0.3% |
| Amounts payable | 17/49 | €250,591 | €15,583 | -€235,008 | -93.8% |
| Amounts payable within one year | 42/48 | €250,591 | €15,583 | -€235,008 | -93.8% |
| Trade debts | 44 | €7,598 | €2,698 | -€4,899 | -64.5% |
| Suppliers | 440/4 | €7,598 | €2,698 | -€4,899 | -64.5% |
| Taxes, remuneration and social security | 45 | €229,993 | €3,629 | -€226,365 | -98.4% |
| Taxes | 450/3 | €229,993 | €3,629 | -€226,365 | -98.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,000 | €9,256 | -€3,744 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178 | €530 | +€352 | +198% |
| Other operating charges | 640/8 | €2,377 | €2,570 | +€193 | +8.1% |
| Gross operating margin | 9900 | -€12,177 | -€21,112 | -€8,935 | -73.4% |
| Operating profit (loss) | 9901 | -€14,732 | -€24,213 | -€9,481 | -64.4% |
| Financial income | 75/76B | €2,508,000 | €31,693 | -€2.5m | -98.7% |
| Recurring financial income | 75 | €2,508,000 | €31,693 | -€2.5m | -98.7% |
| Financial charges | 65/66B | €1,364 | €33,038 | +€31,675 | +2,323% |
| Recurring financial charges | 65 | €1,364 | €33,038 | +€31,675 | +2,323% |
| Profit (loss) for the period before taxes | 9903 | €2,491,905 | -€25,558 | -€2.5m | |
| Income taxes | 67/77 | €227,004 | €539 | -€226,466 | -99.8% |
| Profit (loss) for the period | 9904 | €2,264,901 | -€26,096 | -€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,264,901 | -€26,096 | -€2.3m |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.