EUREC: 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.
EUREC
Largest movements
- Stocks and contracts +€441,433
up €441,433 (+54.2%), from €813,703 to €1.3m
- Current investments +€141,540
up €141,540 (+15.0%), from €941,250 to €1.1m
- Cash -€85,380
down €85,380 (-65.8%), from €129,741 to €44,361
mainly Stocks and contracts (-€441,433) and Current investments (-€141,540)
- Advances received +€373,320
up €373,320 (+37.1%), from €1.0m to €1.4m
- Other debts +€83,607
up €83,607 (+8.7%), from €964,935 to €1.0m
- Trade debts +€29,605
up €29,605 (+112.2%), from €26,384 to €55,988
- Gross operating margin +€85,356
up €85,356 (+13.9%), from €613,980 to €699,336
- Staff costs +€70,149
up €70,149 (+12.7%), from €553,150 to €623,300
- Financial income +€7,914
up €7,914 (+645.7%), from €1,226 to €9,139
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 | €2,089,220 | €2,594,181 | +€504,961 | +24.2% |
| Fixed assets | 21/28 | €9,940 | €12,377 | +€2,436 | +24.5% |
| Tangible fixed assets | 22/27 | - | €2,377 | +€2,377 | |
| Furniture and vehicles | 24 | - | €2,377 | +€2,377 | |
| Financial fixed assets | 28 | €9,940 | €9,999 | +€59 | +0.6% |
| Current assets | 29/58 | €2,079,280 | €2,581,805 | +€502,525 | +24.2% |
| Stocks and contracts in progress | 3 | €813,703 | €1,255,136 | +€441,433 | +54.2% |
| Contracts in progress | 37 | €813,703 | €1,255,136 | +€441,433 | +54.2% |
| Amounts receivable within one year | 40/41 | €192,946 | €196,978 | +€4,031 | +2.1% |
| Trade receivables | 40 | €171,260 | €175,672 | +€4,412 | +2.6% |
| Other amounts receivable | 41 | €21,686 | €21,306 | -€380 | -1.8% |
| Current investments | 50/53 | €941,250 | €1,082,790 | +€141,540 | +15.0% |
| Cash at bank and in hand | 54/58 | €129,741 | €44,361 | -€85,380 | -65.8% |
| Deferred charges and accrued income | 490/1 | €1,640 | €2,540 | +€900 | +54.9% |
| Total equity and liabilities | 10/49 | €2,089,220 | €2,594,181 | +€504,961 | +24.2% |
| Amounts payable | 17/49 | €2,089,220 | €2,594,181 | +€504,961 | +24.2% |
| Amounts payable within one year | 42/48 | €2,089,220 | €2,591,681 | +€502,461 | +24.1% |
| Financial debts | 43 | €2,476 | €211 | -€2,265 | -91.5% |
| Credit institutions | 430/8 | €2,476 | €211 | -€2,265 | -91.5% |
| Trade debts | 44 | €26,384 | €55,988 | +€29,605 | +112.2% |
| Suppliers | 440/4 | €26,384 | €55,988 | +€29,605 | +112.2% |
| Advances received on contracts in progress | 46 | €1,005,221 | €1,378,541 | +€373,320 | +37.1% |
| Taxes, remuneration and social security | 45 | €90,205 | €108,399 | +€18,195 | +20.2% |
| Taxes | 450/3 | €12,940 | - | -€12,940 | |
| Remuneration and social security | 454/9 | €77,264 | €108,399 | +€31,135 | +40.3% |
| Other amounts payable | 47/48 | €964,935 | €1,048,542 | +€83,607 | +8.7% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €553,150 | €623,300 | +€70,149 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278 | €528 | +€249 | +89.5% |
| Gross operating margin | 9900 | €613,980 | €699,336 | +€85,356 | +13.9% |
| Operating profit (loss) | 9901 | €60,552 | €75,509 | +€14,957 | +24.7% |
| Financial income | 75/76B | €1,226 | €9,139 | +€7,914 | +645.7% |
| Recurring financial income | 75 | €1,226 | €9,139 | +€7,914 | +645.7% |
| Financial charges | 65/66B | €815 | €1,041 | +€226 | +27.8% |
| Recurring financial charges | 65 | €815 | €1,041 | +€226 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €60,962 | €83,607 | +€22,645 | +37.1% |
| Profit (loss) for the period | 9904 | €60,962 | €83,607 | +€22,645 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,962 | €83,607 | +€22,645 | +37.1% |
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 3 October 2026 via checked.be.