EUREKA: 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.
EUREKA
Largest movements
- Receivables within one year -€66,636
down €66,636 (-28.5%), from €233,934 to €167,298
of which Trade receivables: -€65,456
- Cash +€44,074
up €44,074 (+76.8%), from €57,405 to €101,479
mainly Net result for the year (+€96,289) and Receivables within one year (+€66,636)
- Tangible fixed assets -€37,537
down €37,537 (-9.3%), from €405,324 to €367,787
of which Land and buildings: -€30,571
- Stocks and contracts -€22,725
down €22,725 (-2.2%), from €1.0m to €1.0m
- Reserves +€96,289
up €96,289 (+81.7%), from €117,785 to €214,074
- Other debts -€81,385
down €81,385 (-41.5%), from €195,925 to €114,540
- Profit (loss) carried forward -€71,429
down €71,429 (-5.9%), from €1.2m to €1.1m
- Trade debts +€42,103
up €42,103 (+158.2%), from €26,607 to €68,710
- Current portion of long-term debt -€31,648
down €31,648 (-72.7%), from €43,530 to €11,882
- Depreciation -€33,718
down €33,718 (-47.3%), from €71,256 to €37,537
- Gross operating margin -€28,163
down €28,163 (-5.5%), from €514,108 to €485,945
- Taxes +€18,331
up €18,331 (+77.8%), from €23,557 to €41,888
- Other operating charges +€16,112
up €16,112 (+134.9%), from €11,948 to €28,059
- Staff costs +€14,695
up €14,695 (+6.0%), from €243,074 to €257,769
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 | €1,750,372 | €1,675,604 | -€74,768 | -4.3% |
| Fixed assets | 21/28 | €421,226 | €383,689 | -€37,537 | -8.9% |
| Tangible fixed assets | 22/27 | €405,324 | €367,787 | -€37,537 | -9.3% |
| Land and buildings | 22 | €393,532 | €362,961 | -€30,571 | -7.8% |
| Plant, machinery and equipment | 23 | €7,850 | €3,034 | -€4,817 | -61.4% |
| Furniture and vehicles | 24 | €3,942 | €1,792 | -€2,149 | -54.5% |
| Financial fixed assets | 28 | €15,902 | €15,902 | = | 0.0% |
| Current assets | 29/58 | €1,329,145 | €1,291,915 | -€37,231 | -2.8% |
| Stocks and contracts in progress | 3 | €1,026,060 | €1,003,335 | -€22,725 | -2.2% |
| Stocks | 30/36 | €1,026,060 | €1,003,335 | -€22,725 | -2.2% |
| Amounts receivable within one year | 40/41 | €233,934 | €167,298 | -€66,636 | -28.5% |
| Trade receivables | 40 | €232,231 | €166,776 | -€65,456 | -28.2% |
| Other amounts receivable | 41 | €1,703 | €523 | -€1,181 | -69.3% |
| Cash at bank and in hand | 54/58 | €57,405 | €101,479 | +€44,074 | +76.8% |
| Deferred charges and accrued income | 490/1 | €11,746 | €19,802 | +€8,057 | +68.6% |
| Total equity and liabilities | 10/49 | €1,750,372 | €1,675,604 | -€74,768 | -4.3% |
| Equity | 10/15 | €1,360,611 | €1,385,472 | +€24,860 | +1.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €117,785 | €214,074 | +€96,289 | +81.7% |
| Distributable reserves | 133 | €117,785 | €214,074 | +€96,289 | +81.7% |
| Profit (loss) carried forward | 14 | €1,218,037 | €1,146,608 | -€71,429 | -5.9% |
| Amounts payable | 17/49 | €389,760 | €290,132 | -€99,629 | -25.6% |
| Amounts payable after more than one year | 17 | €18,438 | €8,576 | -€9,863 | -53.5% |
| Financial debts | 170/4 | €18,438 | €8,576 | -€9,863 | -53.5% |
| Amounts payable within one year | 42/48 | €371,054 | €281,474 | -€89,580 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €43,530 | €11,882 | -€31,648 | -72.7% |
| Trade debts | 44 | €26,607 | €68,710 | +€42,103 | +158.2% |
| Suppliers | 440/4 | €26,607 | €68,710 | +€42,103 | +158.2% |
| Taxes, remuneration and social security | 45 | €104,992 | €86,341 | -€18,651 | -17.8% |
| Taxes | 450/3 | €70,654 | €51,142 | -€19,512 | -27.6% |
| Remuneration and social security | 454/9 | €34,338 | €35,199 | +€861 | +2.5% |
| Other amounts payable | 47/48 | €195,925 | €114,540 | -€81,385 | -41.5% |
| Accrued charges and deferred income | 492/3 | €268 | €83 | -€186 | -69.2% |
| Non-recurring operating income | 76A | €0 | €1,086 | +€1,086 | |
| Remuneration, social security and pensions | 62 | €243,074 | €257,769 | +€14,695 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,256 | €37,537 | -€33,718 | -47.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,475 | +€8,475 | |
| Other operating charges | 640/8 | €11,948 | €28,059 | +€16,112 | +134.9% |
| Non-recurring operating charges | 66A | €14,595 | €326 | -€14,268 | -97.8% |
| Gross operating margin | 9900 | €514,108 | €485,945 | -€28,163 | -5.5% |
| Operating profit (loss) | 9901 | €173,236 | €153,778 | -€19,458 | -11.2% |
| Financial income | 75/76B | €7,348 | €13,809 | +€6,461 | +87.9% |
| Recurring financial income | 75 | €7,348 | €13,809 | +€6,461 | +87.9% |
| Financial charges | 65/66B | €41,720 | €29,410 | -€12,310 | -29.5% |
| Recurring financial charges | 65 | €41,720 | €29,410 | -€12,310 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €138,864 | €138,177 | -€687 | -0.5% |
| Income taxes | 67/77 | €23,557 | €41,888 | +€18,331 | +77.8% |
| Profit (loss) for the period | 9904 | €115,306 | €96,289 | -€19,017 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €115,306 | €96,289 | -€19,017 | -16.5% |
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 5 October 2026 via checked.be.