EURECO: 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.
EURECO
Largest movements
- Tangible fixed assets +€82,878
up €82,878 (+1.7%), from €4.8m to €4.9m
of which Plant, machinery and equipment: +€201,353
- Receivables within one year +€53,447
up €53,447 (+1140.0%), from €4,688 to €58,135
of which Other amounts receivable: +€52,699
- Debts after one year +€357,040
up €357,040 (+13.3%), from €2.7m to €3.1m
- Other debts -€258,529
down €258,529 (-100.0%), from €258,529 to €0
- Current portion of long-term debt +€186,010
up €186,010 (+48.4%), from €384,698 to €570,708
- Trade debts -€185,007
down €185,007 (-66.2%), from €279,364 to €94,357
- Reserves +€52,847
up €52,847 (+8.4%), from €626,307 to €679,154
of which Distributable reserves: +€52,847
- Gross operating margin +€148,332
up €148,332 (+27.8%), from €533,707 to €682,039
- Depreciation +€93,909
up €93,909 (+25.6%), from €367,320 to €461,229
- Financial charges +€20,296
up €20,296 (+16.2%), from €125,498 to €145,794
- Taxes +€10,142
up €10,142, from €0 to €10,142
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 | €4,839,524 | €4,979,122 | +€139,598 | +2.9% |
| Fixed assets | 21/28 | €4,790,309 | €4,873,187 | +€82,878 | +1.7% |
| Tangible fixed assets | 22/27 | €4,789,309 | €4,872,187 | +€82,878 | +1.7% |
| Land and buildings | 22 | €3,874,680 | €3,793,313 | -€81,367 | -2.1% |
| Plant, machinery and equipment | 23 | €722,184 | €923,537 | +€201,353 | +27.9% |
| Furniture and vehicles | 24 | €1,683 | €466 | -€1,216 | -72.3% |
| Leasing and similar rights | 25 | €190,762 | €154,871 | -€35,891 | -18.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €49,215 | €105,935 | +€56,719 | +115.2% |
| Amounts receivable within one year | 40/41 | €4,688 | €58,135 | +€53,447 | +1140.0% |
| Trade receivables | 40 | €1,688 | €2,436 | +€747 | +44.3% |
| Other amounts receivable | 41 | €3,000 | €55,699 | +€52,699 | +1756.6% |
| Cash at bank and in hand | 54/58 | €9,877 | €26,976 | +€17,099 | +173.1% |
| Deferred charges and accrued income | 490/1 | €34,651 | €20,824 | -€13,827 | -39.9% |
| Total equity and liabilities | 10/49 | €4,839,524 | €4,979,122 | +€139,598 | +2.9% |
| Equity | 10/15 | €1,193,876 | €1,229,742 | +€35,866 | +3.0% |
| Contributions | 10/11 | €145,320 | €145,320 | = | 0.0% |
| Capital | 10 | €145,320 | €145,320 | = | 0.0% |
| Issued capital | 100 | €145,320 | €145,320 | = | 0.0% |
| Revaluation surpluses | 12 | €422,249 | €405,269 | -€16,980 | -4.0% |
| Reserves | 13 | €626,307 | €679,154 | +€52,847 | +8.4% |
| Non-distributable reserves | 130/1 | €14,532 | €14,532 | = | 0.0% |
| Legal reserve | 130 | €14,532 | €14,532 | = | 0.0% |
| Distributable reserves | 133 | €611,775 | €664,622 | +€52,847 | +8.6% |
| Amounts payable | 17/49 | €3,645,649 | €3,749,380 | +€103,731 | +2.8% |
| Amounts payable after more than one year | 17 | €2,693,583 | €3,050,623 | +€357,040 | +13.3% |
| Financial debts | 170/4 | €2,693,583 | €3,050,623 | +€357,040 | +13.3% |
| Amounts payable within one year | 42/48 | €951,172 | €696,220 | -€254,952 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €384,698 | €570,708 | +€186,010 | +48.4% |
| Financial debts | 43 | €5,076 | €0 | -€5,076 | -100.0% |
| Credit institutions | 430/8 | €5,076 | €0 | -€5,076 | -100.0% |
| Trade debts | 44 | €279,364 | €94,357 | -€185,007 | -66.2% |
| Suppliers | 440/4 | €279,364 | €94,357 | -€185,007 | -66.2% |
| Taxes, remuneration and social security | 45 | €23,506 | €31,156 | +€7,649 | +32.5% |
| Taxes | 450/3 | €23,506 | €31,156 | +€7,649 | +32.5% |
| Other amounts payable | 47/48 | €258,529 | €0 | -€258,529 | -100.0% |
| Accrued charges and deferred income | 492/3 | €893 | €2,536 | +€1,644 | +184.1% |
| Non-recurring operating income | 76A | €32,688 | €20,450 | -€12,238 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367,320 | €461,229 | +€93,909 | +25.6% |
| Other operating charges | 640/8 | €27,760 | €32,696 | +€4,936 | +17.8% |
| Non-recurring operating charges | 66A | - | €311 | +€311 | |
| Gross operating margin | 9900 | €533,707 | €682,039 | +€148,332 | +27.8% |
| Operating profit (loss) | 9901 | €138,626 | €187,803 | +€49,176 | +35.5% |
| Financial income | 75/76B | €1,395 | €4,000 | +€2,605 | +186.6% |
| Recurring financial income | 75 | €1,395 | €4,000 | +€2,605 | +186.6% |
| Financial charges | 65/66B | €125,498 | €145,794 | +€20,296 | +16.2% |
| Recurring financial charges | 65 | €125,498 | €145,794 | +€20,296 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €14,524 | €46,009 | +€31,485 | +216.8% |
| Income taxes | 67/77 | €0 | €10,142 | +€10,142 | |
| Profit (loss) for the period | 9904 | €14,524 | €35,866 | +€21,342 | +146.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,524 | €35,866 | +€21,342 | +146.9% |
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 6 October 2026 via checked.be.