EURECayphas: 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.
EURECayphas
Largest movements
- Cash +€524,687
up €524,687 (+82.5%), from €635,889 to €1.2m
mainly Current investments (+€259,622) and Net result for the year (+€232,199)
- Current investments -€259,622
down €259,622 (-15.7%), from €1.7m to €1.4m
- Tangible fixed assets +€149,674
up €149,674 (+20.7%), from €724,183 to €873,857
of which Plant, machinery and equipment: +€124,502
- Advances received +€178,489
up €178,489 (+714.0%), from €25,000 to €203,489
- Reserves +€150,000
up €150,000 (+4.4%), from €3.4m to €3.6m
of which Distributable reserves: +€150,000
- Trade debts +€51,797
up €51,797 (+93.8%), from €55,215 to €107,012
- Other debts +€41,953
up €41,953 (+1528.2%), from €2,745 to €44,699
- Gross operating margin +€62,310
up €62,310 (+5.2%), from €1.2m to €1.3m
- Taxes +€27,548
up €27,548 (+40.0%), from €68,845 to €96,393
- Staff costs +€16,778
up €16,778 (+2.2%), from €757,969 to €774,748
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 | €3,698,629 | €4,170,206 | +€471,577 | +12.8% |
| Fixed assets | 21/28 | €725,013 | €874,687 | +€149,674 | +20.6% |
| Tangible fixed assets | 22/27 | €724,183 | €873,857 | +€149,674 | +20.7% |
| Land and buildings | 22 | €340,744 | €460,832 | +€120,088 | +35.2% |
| Plant, machinery and equipment | 23 | €72,940 | €197,442 | +€124,502 | +170.7% |
| Furniture and vehicles | 24 | €263,483 | €180,999 | -€82,483 | -31.3% |
| Other tangible fixed assets | 26 | €47,016 | €34,584 | -€12,433 | -26.4% |
| Financial fixed assets | 28 | €830 | €830 | = | 0.0% |
| Current assets | 29/58 | €2,973,615 | €3,295,519 | +€321,903 | +10.8% |
| Stocks and contracts in progress | 3 | €18,760 | €56,935 | +€38,175 | +203.5% |
| Stocks | 30/36 | €18,760 | €56,935 | +€38,175 | +203.5% |
| Amounts receivable within one year | 40/41 | €639,601 | €628,390 | -€11,211 | -1.8% |
| Trade receivables | 40 | €480,258 | €532,452 | +€52,194 | +10.9% |
| Other amounts receivable | 41 | €159,343 | €95,939 | -€63,405 | -39.8% |
| Current investments | 50/53 | €1,658,628 | €1,399,006 | -€259,622 | -15.7% |
| Cash at bank and in hand | 54/58 | €635,889 | €1,160,577 | +€524,687 | +82.5% |
| Deferred charges and accrued income | 490/1 | €20,737 | €50,611 | +€29,874 | +144.1% |
| Total equity and liabilities | 10/49 | €3,698,629 | €4,170,206 | +€471,577 | +12.8% |
| Equity | 10/15 | €3,548,029 | €3,713,263 | +€165,233 | +4.7% |
| Contributions | 10/11 | €63,600 | €63,600 | = | 0.0% |
| Reserves | 13 | €3,444,623 | €3,594,623 | +€150,000 | +4.4% |
| Tax-exempt reserves | 132 | €4,623 | €4,623 | = | 0.0% |
| Distributable reserves | 133 | €3,440,000 | €3,590,000 | +€150,000 | +4.4% |
| Profit (loss) carried forward | 14 | €1,032 | €23,232 | +€22,199 | +2150.2% |
| Investment grants | 15 | €38,774 | €31,807 | -€6,966 | -18.0% |
| Amounts payable | 17/49 | €150,599 | €456,943 | +€306,344 | +203.4% |
| Amounts payable within one year | 42/48 | €150,232 | €456,943 | +€306,711 | +204.2% |
| Trade debts | 44 | €55,215 | €107,012 | +€51,797 | +93.8% |
| Suppliers | 440/4 | €55,215 | €107,012 | +€51,797 | +93.8% |
| Advances received on contracts in progress | 46 | €25,000 | €203,489 | +€178,489 | +714.0% |
| Taxes, remuneration and social security | 45 | €67,272 | €101,743 | +€34,472 | +51.2% |
| Taxes | 450/3 | - | €30,716 | +€30,716 | |
| Remuneration and social security | 454/9 | €67,272 | €71,027 | +€3,755 | +5.6% |
| Other amounts payable | 47/48 | €2,745 | €44,699 | +€41,953 | +1528.2% |
| Accrued charges and deferred income | 492/3 | €367 | - | -€367 | |
| Non-recurring operating income | 76A | - | €2,231 | +€2,231 | |
| Remuneration, social security and pensions | 62 | €757,969 | €774,748 | +€16,778 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,203 | €193,128 | +€11,925 | +6.6% |
| Other operating charges | 640/8 | €25,895 | €19,124 | -€6,771 | -26.1% |
| Gross operating margin | 9900 | €1,204,555 | €1,266,865 | +€62,310 | +5.2% |
| Operating profit (loss) | 9901 | €239,488 | €279,866 | +€40,378 | +16.9% |
| Financial income | 75/76B | €40,195 | €50,399 | +€10,204 | +25.4% |
| Recurring financial income | 75 | €40,195 | €50,399 | +€10,204 | +25.4% |
| Financial charges | 65/66B | €687 | €1,673 | +€986 | +143.6% |
| Recurring financial charges | 65 | €687 | €1,673 | +€986 | +143.6% |
| Profit (loss) for the period before taxes | 9903 | €278,997 | €328,593 | +€49,596 | +17.8% |
| Income taxes | 67/77 | €68,845 | €96,393 | +€27,548 | +40.0% |
| Profit (loss) for the period | 9904 | €210,152 | €232,199 | +€22,048 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €210,152 | €232,199 | +€22,048 | +10.5% |
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 1 October 2026 via checked.be.