EURECA SDS: 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 SDS
Largest movements
- Cash -€25,954
down €25,954 (-82.2%), from €31,574 to €5,619
mainly Contributions, distributions and other (-€60,000) and Trade debts (-€10,845)
- Receivables within one year -€3,634
down €3,634 (-7.5%), from €48,300 to €44,666
of which Trade receivables: -€23,983
- Contributions -€60,000
down €60,000 (-60.0%), from €100,000 to €40,000
- Profit (loss) carried forward +€33,922
up €33,922 (+89.6%), from -€37,860 to -€3,938
- Trade debts -€10,845
down €10,845 (-85.4%), from €12,695 to €1,850
- Other debts +€4,000
up €4,000 (+175.4%), from €2,280 to €6,280
- Tax, wage and social debts +€2,827
up €2,827 (+74.5%), from €3,794 to €6,622
of which Remuneration and social security: +€3,243
- Gross operating margin +€23,295
up €23,295 (+192.9%), from €12,076 to €35,371
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 | €80,909 | €50,813 | -€30,096 | -37.2% |
| Fixed assets | 21/28 | €1,036 | €528 | -€508 | -49.0% |
| Tangible fixed assets | 22/27 | €1,036 | €528 | -€508 | -49.0% |
| Plant, machinery and equipment | 23 | €1,036 | €528 | -€508 | -49.0% |
| Current assets | 29/58 | €79,873 | €50,285 | -€29,588 | -37.0% |
| Amounts receivable within one year | 40/41 | €48,300 | €44,666 | -€3,634 | -7.5% |
| Trade receivables | 40 | €47,356 | €23,373 | -€23,983 | -50.6% |
| Other amounts receivable | 41 | €943 | €21,293 | +€20,349 | +2157.3% |
| Cash at bank and in hand | 54/58 | €31,574 | €5,619 | -€25,954 | -82.2% |
| Total equity and liabilities | 10/49 | €80,909 | €50,813 | -€30,096 | -37.2% |
| Equity | 10/15 | €62,140 | €36,062 | -€26,078 | -42.0% |
| Contributions | 10/11 | €100,000 | €40,000 | -€60,000 | -60.0% |
| Profit (loss) carried forward | 14 | -€37,860 | -€3,938 | +€33,922 | +89.6% |
| Amounts payable | 17/49 | €18,769 | €14,752 | -€4,017 | -21.4% |
| Amounts payable within one year | 42/48 | €18,769 | €14,752 | -€4,017 | -21.4% |
| Trade debts | 44 | €12,695 | €1,850 | -€10,845 | -85.4% |
| Suppliers | 440/4 | €12,695 | €1,850 | -€10,845 | -85.4% |
| Taxes, remuneration and social security | 45 | €3,794 | €6,622 | +€2,827 | +74.5% |
| Taxes | 450/3 | €3,794 | €3,378 | -€416 | -11.0% |
| Remuneration and social security | 454/9 | - | €3,243 | +€3,243 | |
| Other amounts payable | 47/48 | €2,280 | €6,280 | +€4,000 | +175.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €473 | €508 | +€34 | +7.2% |
| Other operating charges | 640/8 | €387 | €478 | +€90 | +23.3% |
| Gross operating margin | 9900 | €12,076 | €35,371 | +€23,295 | +192.9% |
| Operating profit (loss) | 9901 | €11,215 | €34,386 | +€23,170 | +206.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €265 | €464 | +€199 | +75.0% |
| Recurring financial charges | 65 | €265 | €464 | +€199 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | €10,950 | €33,922 | +€22,972 | +209.8% |
| Profit (loss) for the period | 9904 | €10,950 | €33,922 | +€22,972 | +209.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,950 | €33,922 | +€22,972 | +209.8% |
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 3 October 2026 via checked.be.