EUREMA: 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.
EUREMA
Largest movements
- Cash -€231,534
down €231,534 (-79.6%), from €290,821 to €59,287
mainly Investment in fixed assets (net) (-€340,643) and Trade debts (-€302,486)
- Receivables within one year +€218,801
up €218,801 (+249%), from €87,704 to €306,505
of which Trade receivables: +€198,859
- Intangible fixed assets +€204,267
up €204,267 (+66.3%), from €308,238 to €512,505
- Tangible fixed assets -€154,608
down €154,608 (-14.8%), from €1.0m to €887,523
of which Plant, machinery and equipment: -€241,612
- Stocks and contracts -€26,703
down €26,703 (-5.6%), from €477,015 to €450,312
- Trade debts -€302,486
down €302,486 (-77.9%), from €388,204 to €85,717
- Debts after one year +€153,043
up €153,043 (+39.9%), from €384,025 to €537,068
- Other debts +€108,337
up €108,337 (+27.3%), from €396,841 to €505,178
- Reserves +€40,619
up €40,619 (+4.6%), from €890,108 to €930,727
of which Distributable reserves: +€56,369
- Tax, wage and social debts +€25,465
new in 2025: €25,465
- Gross operating margin -€66,699
down €66,699 (-14.3%), from €465,981 to €399,281
- Taxes -€29,378
down €29,378 (-59.3%), from €49,545 to €20,168
- Depreciation +€28,229
up €28,229 (+10.7%), from €262,755 to €290,984
- Other operating charges -€9,249
down €9,249 (-22.5%), from €41,168 to €31,919
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.
Derived cash bridge
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 | €2,207,186 | €2,217,557 | +€10,371 | +0.5% |
| Fixed assets | 21/28 | €1,350,369 | €1,400,029 | +€49,660 | +3.7% |
| Intangible fixed assets | 21 | €308,238 | €512,505 | +€204,267 | +66.3% |
| Tangible fixed assets | 22/27 | €1,042,131 | €887,523 | -€154,608 | -14.8% |
| Land and buildings | 22 | €71,218 | €177,729 | +€106,511 | +150% |
| Plant, machinery and equipment | 23 | €895,643 | €654,030 | -€241,612 | -27.0% |
| Furniture and vehicles | 24 | €75,270 | €55,764 | -€19,506 | -25.9% |
| Current assets | 29/58 | €856,817 | €817,528 | -€39,288 | -4.6% |
| Stocks and contracts in progress | 3 | €477,015 | €450,312 | -€26,703 | -5.6% |
| Stocks | 30/36 | €477,015 | €450,312 | -€26,703 | -5.6% |
| Amounts receivable within one year | 40/41 | €87,704 | €306,505 | +€218,801 | +249% |
| Trade receivables | 40 | €37,319 | €236,178 | +€198,859 | +533% |
| Other amounts receivable | 41 | €50,385 | €70,327 | +€19,942 | +39.6% |
| Cash at bank and in hand | 54/58 | €290,821 | €59,287 | -€231,534 | -79.6% |
| Deferred charges and accrued income | 490/1 | €1,277 | €1,424 | +€147 | +11.5% |
| Total equity and liabilities | 10/49 | €2,207,186 | €2,217,557 | +€10,371 | +0.5% |
| Equity | 10/15 | €928,210 | €968,829 | +€40,619 | +4.4% |
| Contributions | 10/11 | €38,101 | €38,101 | = | 0.0% |
| Capital | 10 | €38,101 | €38,101 | = | 0.0% |
| Issued capital | 100 | €38,101 | €38,101 | = | 0.0% |
| Reserves | 13 | €890,108 | €930,727 | +€40,619 | +4.6% |
| Non-distributable reserves | 130/1 | €3,810 | €3,810 | = | 0.0% |
| Legal reserve | 130 | €3,810 | €3,810 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,781 | €40,031 | -€15,750 | -28.2% |
| Distributable reserves | 133 | €830,517 | €886,886 | +€56,369 | +6.8% |
| Provisions and deferred taxes | 16 | €18,594 | €13,344 | -€5,250 | -28.2% |
| Deferred taxes | 168 | €18,594 | €13,344 | -€5,250 | -28.2% |
| Amounts payable | 17/49 | €1,260,382 | €1,235,385 | -€24,998 | -2.0% |
| Amounts payable after more than one year | 17 | €384,025 | €537,068 | +€153,043 | +39.9% |
| Financial debts | 170/4 | €384,025 | €537,068 | +€153,043 | +39.9% |
| Amounts payable within one year | 42/48 | €876,357 | €698,317 | -€178,040 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €91,313 | €81,957 | -€9,356 | -10.2% |
| Trade debts | 44 | €388,204 | €85,717 | -€302,486 | -77.9% |
| Suppliers | 440/4 | €388,204 | €85,717 | -€302,486 | -77.9% |
| Taxes, remuneration and social security | 45 | - | €25,465 | +€25,465 | |
| Taxes | 450/3 | - | €25,465 | +€25,465 | |
| Other amounts payable | 47/48 | €396,841 | €505,178 | +€108,337 | +27.3% |
| Non-recurring operating income | 76A | - | €10,833 | +€10,833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,755 | €290,984 | +€28,229 | +10.7% |
| Other operating charges | 640/8 | €41,168 | €31,919 | -€9,249 | -22.5% |
| Gross operating margin | 9900 | €465,981 | €399,281 | -€66,699 | -14.3% |
| Operating profit (loss) | 9901 | €162,058 | €76,379 | -€85,679 | -52.9% |
| Financial income | 75/76B | €57 | - | -€57 | |
| Recurring financial income | 75 | €57 | - | -€57 | |
| Financial charges | 65/66B | €15,931 | €20,428 | +€4,497 | +28.2% |
| Recurring financial charges | 65 | €15,931 | €20,428 | +€4,497 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €146,184 | €55,950 | -€90,234 | -61.7% |
| Transfer from deferred taxes | 780 | €5,250 | €5,250 | = | 0.0% |
| Income taxes | 67/77 | €49,545 | €20,168 | -€29,378 | -59.3% |
| Profit (loss) for the period | 9904 | €101,888 | €41,032 | -€60,856 | -59.7% |
| Transfer from tax-exempt reserves | 789 | €15,750 | €15,750 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €117,638 | €56,782 | -€60,856 | -51.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.