EURECA: 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.
EURECA
Largest movements
- Cash -€12,012
down €12,012 (-26.4%), from €45,577 to €33,565
mainly Trade debts (-€17,331) and Other debts (-€3,500)
- Receivables within one year +€1,788
up €1,788 (+20.0%), from €8,923 to €10,711
of which Trade receivables: +€5,181
- Trade debts -€17,331
down €17,331 (-93.9%), from €18,456 to €1,125
- Profit (loss) carried forward +€8,839
up €8,839 (+164.0%), from €5,390 to €14,229
- Other debts -€3,500
no longer reported in 2025 (was €3,500)
- Tax, wage and social debts +€1,291
new in 2025: €1,291
- Gross operating margin +€8,891
up €8,891 (+246.6%), from €3,605 to €12,496
- Taxes +€1,944
up €1,944 (+167.3%), from €1,162 to €3,106
- Depreciation -€480
down €480 (-58.1%), from €827 to €347
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 | €54,846 | €44,575 | -€10,272 | -18.7% |
| Fixed assets | 21/28 | €347 | - | -€347 | |
| Tangible fixed assets | 22/27 | €347 | - | -€347 | |
| Furniture and vehicles | 24 | €347 | - | -€347 | |
| Current assets | 29/58 | €54,500 | €44,575 | -€9,925 | -18.2% |
| Amounts receivable within one year | 40/41 | €8,923 | €10,711 | +€1,788 | +20.0% |
| Trade receivables | 40 | €5,032 | €10,213 | +€5,181 | +103.0% |
| Other amounts receivable | 41 | €3,891 | €498 | -€3,392 | -87.2% |
| Cash at bank and in hand | 54/58 | €45,577 | €33,565 | -€12,012 | -26.4% |
| Deferred charges and accrued income | 490/1 | - | €299 | +€299 | |
| Total equity and liabilities | 10/49 | €54,846 | €44,575 | -€10,272 | -18.7% |
| Equity | 10/15 | €32,890 | €41,729 | +€8,839 | +26.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,390 | €14,229 | +€8,839 | +164.0% |
| Amounts payable | 17/49 | €21,956 | €2,846 | -€19,110 | -87.0% |
| Amounts payable within one year | 42/48 | €21,956 | €2,416 | -€19,540 | -89.0% |
| Trade debts | 44 | €18,456 | €1,125 | -€17,331 | -93.9% |
| Suppliers | 440/4 | €18,456 | €1,125 | -€17,331 | -93.9% |
| Taxes, remuneration and social security | 45 | - | €1,291 | +€1,291 | |
| Taxes | 450/3 | - | €1,291 | +€1,291 | |
| Other amounts payable | 47/48 | €3,500 | - | -€3,500 | |
| Accrued charges and deferred income | 492/3 | - | €430 | +€430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €827 | €347 | -€480 | -58.1% |
| Gross operating margin | 9900 | €3,605 | €12,496 | +€8,891 | +246.6% |
| Operating profit (loss) | 9901 | €2,778 | €12,149 | +€9,371 | +337.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €240 | €204 | -€35 | -14.7% |
| Recurring financial charges | 65 | €240 | €204 | -€35 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €2,539 | €11,945 | +€9,406 | +370.4% |
| Income taxes | 67/77 | €1,162 | €3,106 | +€1,944 | +167.3% |
| Profit (loss) for the period | 9904 | €1,377 | €8,839 | +€7,461 | +541.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,377 | €8,839 | +€7,461 | +541.8% |
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 4 October 2026 via checked.be.