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
- Intangible fixed assets -€28,975
down €28,975 (-73.8%), from €39,263 to €10,288
- Receivables within one year -€10,188
down €10,188 (-13.6%), from €74,928 to €64,741
of which Other amounts receivable: -€8,063
- Cash +€6,490
new in 2025: €6,490
mainly Depreciation (+€22,938) and Net result for the year (+€16,840)
- Debts after one year -€59,837
down €59,837 (-19.2%), from €311,954 to €252,117
- Profit (loss) carried forward +€16,840
up €16,840 (+13.7%), from -€122,486 to -€105,646
- Current portion of long-term debt -€14,556
down €14,556 (-30.0%), from €48,564 to €34,008
- Tax, wage and social debts +€7,205
up €7,205 (+12.1%), from €59,684 to €66,890
of which Remuneration and social security: +€6,673
- Trade debts +€6,542
up €6,542 (+10.1%), from €64,721 to €71,262
of which Suppliers: +€11,542
- Write-downs -€19,498
no longer reported in 2025 (was €19,498)
- Staff costs +€16,746
up €16,746 (+11.6%), from €144,618 to €161,364
- Gross operating margin -€9,680
down €9,680 (-3.7%), from €264,899 to €255,219
- Financial charges -€6,248
down €6,248 (-38.0%), from €16,447 to €10,200
- Depreciation -€3,449
down €3,449 (-13.1%), from €26,387 to €22,938
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 | €613,038 | €572,092 | -€40,946 | -6.7% |
| Fixed assets | 21/28 | €527,559 | €492,874 | -€34,685 | -6.6% |
| Intangible fixed assets | 21 | €39,263 | €10,288 | -€28,975 | -73.8% |
| Tangible fixed assets | 22/27 | €482,723 | €476,939 | -€5,785 | -1.2% |
| Land and buildings | 22 | €475,761 | €457,499 | -€18,262 | -3.8% |
| Plant, machinery and equipment | 23 | €6,089 | €9,879 | +€3,789 | +62.2% |
| Furniture and vehicles | 24 | €873 | €9,561 | +€8,688 | +995.2% |
| Financial fixed assets | 28 | €5,572 | €5,647 | +€75 | +1.3% |
| Current assets | 29/58 | €85,480 | €79,219 | -€6,261 | -7.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €74,928 | €64,741 | -€10,188 | -13.6% |
| Trade receivables | 40 | €66,865 | €64,741 | -€2,125 | -3.2% |
| Other amounts receivable | 41 | €8,063 | €0 | -€8,063 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €6,490 | +€6,490 | |
| Deferred charges and accrued income | 490/1 | €10,551 | €7,988 | -€2,564 | -24.3% |
| Total equity and liabilities | 10/49 | €613,038 | €572,092 | -€40,946 | -6.7% |
| Equity | 10/15 | €98,915 | €114,485 | +€15,570 | +15.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €117,390 | €111,585 | -€5,805 | -4.9% |
| Reserves | 13 | €42,012 | €46,547 | +€4,535 | +10.8% |
| Tax-exempt reserves | 132 | €17,662 | €16,392 | -€1,270 | -7.2% |
| Distributable reserves | 133 | €24,350 | €30,155 | +€5,805 | +23.8% |
| Profit (loss) carried forward | 14 | -€122,486 | -€105,646 | +€16,840 | +13.7% |
| Provisions and deferred taxes | 16 | €9,094 | €8,441 | -€654 | -7.2% |
| Provisions for liabilities and charges | 160/5 | €9,094 | €8,441 | -€654 | -7.2% |
| Taxes | 161 | €9,094 | €8,441 | -€654 | -7.2% |
| Amounts payable | 17/49 | €505,028 | €449,166 | -€55,862 | -11.1% |
| Amounts payable after more than one year | 17 | €311,954 | €252,117 | -€59,837 | -19.2% |
| Financial debts | 170/4 | €311,954 | €252,117 | -€59,837 | -19.2% |
| Amounts payable within one year | 42/48 | €193,074 | €195,125 | +€2,050 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €48,564 | €34,008 | -€14,556 | -30.0% |
| Financial debts | 43 | €12,692 | €13,569 | +€876 | +6.9% |
| Credit institutions | 430/8 | €12,692 | €13,569 | +€876 | +6.9% |
| Trade debts | 44 | €64,721 | €71,262 | +€6,542 | +10.1% |
| Suppliers | 440/4 | €58,221 | €69,762 | +€11,542 | +19.8% |
| Bills of exchange payable | 441 | €6,500 | €1,500 | -€5,000 | -76.9% |
| Taxes, remuneration and social security | 45 | €59,684 | €66,890 | +€7,205 | +12.1% |
| Taxes | 450/3 | €32,304 | €32,836 | +€532 | +1.6% |
| Remuneration and social security | 454/9 | €27,380 | €34,053 | +€6,673 | +24.4% |
| Other amounts payable | 47/48 | €7,413 | €9,396 | +€1,983 | +26.7% |
| Accrued charges and deferred income | 492/3 | - | €1,925 | +€1,925 | |
| Remuneration, social security and pensions | 62 | €144,618 | €161,364 | +€16,746 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,387 | €22,938 | -€3,449 | -13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,498 | - | -€19,498 | |
| Other operating charges | 640/8 | €7,503 | €4,923 | -€2,580 | -34.4% |
| Non-recurring operating charges | 66A | €21,245 | €27,206 | +€5,960 | +28.1% |
| Gross operating margin | 9900 | €264,899 | €255,219 | -€9,680 | -3.7% |
| Operating profit (loss) | 9901 | €45,649 | €38,789 | -€6,861 | -15.0% |
| Financial income | 75/76B | €40 | - | -€40 | |
| Recurring financial income | 75 | €40 | - | -€40 | |
| Financial charges | 65/66B | €16,447 | €10,200 | -€6,248 | -38.0% |
| Recurring financial charges | 65 | €16,447 | €10,200 | -€6,248 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €29,242 | €28,589 | -€653 | -2.2% |
| Transfer from deferred taxes | 780 | €1,924 | €1,924 | = | 0.0% |
| Income taxes | 67/77 | €14,963 | €13,672 | -€1,290 | -8.6% |
| Profit (loss) for the period | 9904 | €16,203 | €16,840 | +€637 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,203 | €16,840 | +€637 | +3.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.