Eureka: what changed
Two financial 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
- Tangible fixed assets +€357,533
up €357,533 (+358.4%), from €99,761 to €457,294
of which Land and buildings: +€255,320
- Cash -€174,195
down €174,195 (-78.7%), from €221,313 to €47,118
mainly Investment in fixed assets (net) (-€400,489) and Debts after one year (-€68,131)
- Receivables within one year +€6,177
up €6,177 (+13.1%), from €47,309 to €53,486
of which Trade receivables: +€5,908
- Contributions +€230,000
up €230,000 (+1236.6%), from €18,600 to €248,600
- Debts after one year -€68,131
down €68,131 (-12.1%), from €562,644 to €494,513
- Profit (loss) carried forward +€14,648
up €14,648 (+6.8%), from -€215,292 to -€200,644
- Tax, wage and social debts +€7,362
up €7,362 (+196.9%), from €3,740 to €11,102
- Trade debts +€5,982
up €5,982 (+269.3%), from €2,221 to €8,203
- Gross operating margin +€36,984
up €36,984 (+138.2%), from €26,761 to €63,745
- Financial charges -€31,901
down €31,901 (-91.8%), from €34,746 to €2,844
- Depreciation +€23,387
up €23,387 (+119.5%), from €19,569 to €42,956
- Financial income -€860
down €860 (-95.7%), from €899 to €39
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 | €379,291 | €564,353 | +€185,062 | +48.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €104,261 | €461,794 | +€357,533 | +342.9% |
| Tangible fixed assets | 22/27 | €99,761 | €457,294 | +€357,533 | +358.4% |
| Land and buildings | 22 | - | €255,320 | +€255,320 | |
| Plant, machinery and equipment | 23 | €4,268 | €2,377 | -€1,890 | -44.3% |
| Furniture and vehicles | 24 | €55,294 | €105,413 | +€50,119 | +90.6% |
| Other tangible fixed assets | 26 | €40,199 | €94,184 | +€53,984 | +134.3% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €275,030 | €102,558 | -€172,471 | -62.7% |
| Amounts receivable within one year | 40/41 | €47,309 | €53,486 | +€6,177 | +13.1% |
| Trade receivables | 40 | €39,617 | €45,525 | +€5,908 | +14.9% |
| Other amounts receivable | 41 | €7,692 | €7,961 | +€269 | +3.5% |
| Current investments | 50/53 | €4,860 | - | -€4,860 | |
| Cash at bank and in hand | 54/58 | €221,313 | €47,118 | -€174,195 | -78.7% |
| Deferred charges and accrued income | 490/1 | €1,549 | €1,955 | +€406 | +26.2% |
| Total equity and liabilities | 10/49 | €379,291 | €564,353 | +€185,062 | +48.8% |
| Equity | 10/15 | -€194,742 | €49,906 | +€244,648 | |
| Contributions | 10/11 | €18,600 | €248,600 | +€230,000 | +1236.6% |
| Reserves | 13 | €1,950 | €1,950 | = | 0.0% |
| Tax-exempt reserves | 132 | €87 | €87 | = | 0.0% |
| Distributable reserves | 133 | €1,863 | €1,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,292 | -€200,644 | +€14,648 | +6.8% |
| Amounts payable | 17/49 | €574,033 | €514,446 | -€59,586 | -10.4% |
| Amounts payable after more than one year | 17 | €562,644 | €494,513 | -€68,131 | -12.1% |
| Financial debts | 170/4 | €562,644 | €494,513 | -€68,131 | -12.1% |
| Amounts payable within one year | 42/48 | €11,389 | €19,933 | +€8,544 | +75.0% |
| Current portion of amounts payable after more than one year | 42 | €5,429 | - | -€5,429 | |
| Trade debts | 44 | €2,221 | €8,203 | +€5,982 | +269.3% |
| Suppliers | 440/4 | €2,221 | €8,203 | +€5,982 | +269.3% |
| Taxes, remuneration and social security | 45 | €3,740 | €11,102 | +€7,362 | +196.9% |
| Taxes | 450/3 | €3,740 | €11,102 | +€7,362 | +196.9% |
| Other amounts payable | 47/48 | - | €629 | +€629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,569 | €42,956 | +€23,387 | +119.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€199 | - | +€199 | |
| Other operating charges | 640/8 | €2,636 | €3,035 | +€399 | +15.1% |
| Non-recurring operating charges | 66A | €6,473 | - | -€6,473 | |
| Gross operating margin | 9900 | €26,761 | €63,745 | +€36,984 | +138.2% |
| Operating profit (loss) | 9901 | -€1,718 | €17,754 | +€19,472 | |
| Financial income | 75/76B | €899 | €39 | -€860 | -95.7% |
| Recurring financial income | 75 | €899 | €39 | -€860 | -95.7% |
| Financial charges | 65/66B | €34,746 | €2,844 | -€31,901 | -91.8% |
| Recurring financial charges | 65 | €34,746 | €2,844 | -€31,901 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,565 | €14,948 | +€50,513 | |
| Income taxes | 67/77 | €384 | €300 | -€84 | -21.9% |
| Profit (loss) for the period | 9904 | -€35,949 | €14,648 | +€50,597 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,949 | €14,648 | +€50,597 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.