EUREMA: 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.
EUREMA
Largest movements
- Receivables within one year -€26,513
down €26,513 (-29.5%), from €89,812 to €63,299
of which Trade receivables: -€29,002
- Cash -€11,286
down €11,286 (-24.5%), from €46,119 to €34,832
mainly Trade debts (-€41,403) and Investment in fixed assets (net) (-€7,069)
- Tangible fixed assets +€4,880
up €4,880 (+24.0%), from €20,310 to €25,190
of which Plant, machinery and equipment: +€6,048
- Deferred charges and accrued income -€2,294
down €2,294 (-71.9%), from €3,190 to €896
- Trade debts -€41,403
down €41,403 (-65.6%), from €63,155 to €21,752
- Profit (loss) carried forward +€5,407
up €5,407 (+5.1%), from -€106,440 to -€101,033
- Other debts +€3,820
up €3,820 (+4.9%), from €77,833 to €81,653
- Tax, wage and social debts -€2,961
down €2,961 (-9.1%), from €32,559 to €29,598
of which Taxes: -€2,045
- Gross operating margin +€31,571
up €31,571 (+28.0%), from €112,803 to €144,374
- Financial charges +€5,523
up €5,523 (+153.1%), from €3,609 to €9,131
- Other operating charges -€1,444
down €1,444 (-54.8%), from €2,635 to €1,191
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 | €161,431 | €126,218 | -€35,213 | -21.8% |
| Fixed assets | 21/28 | €22,310 | €27,190 | +€4,880 | +21.9% |
| Tangible fixed assets | 22/27 | €20,310 | €25,190 | +€4,880 | +24.0% |
| Land and buildings | 22 | €20,144 | €18,349 | -€1,796 | -8.9% |
| Plant, machinery and equipment | 23 | - | €6,048 | +€6,048 | |
| Furniture and vehicles | 24 | €165 | €793 | +€628 | +379.4% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €139,121 | €99,028 | -€40,093 | -28.8% |
| Amounts receivable within one year | 40/41 | €89,812 | €63,299 | -€26,513 | -29.5% |
| Trade receivables | 40 | €45,306 | €16,304 | -€29,002 | -64.0% |
| Other amounts receivable | 41 | €44,506 | €46,995 | +€2,489 | +5.6% |
| Cash at bank and in hand | 54/58 | €46,119 | €34,832 | -€11,286 | -24.5% |
| Deferred charges and accrued income | 490/1 | €3,190 | €896 | -€2,294 | -71.9% |
| Total equity and liabilities | 10/49 | €161,431 | €126,218 | -€35,213 | -21.8% |
| Equity | 10/15 | -€42,611 | -€37,204 | +€5,407 | +12.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,856 | €1,856 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,856 | €1,856 | = | 0.0% |
| Legal reserve | 130 | €1,856 | €1,856 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,440 | -€101,033 | +€5,407 | +5.1% |
| Amounts payable | 17/49 | €204,042 | €163,422 | -€40,620 | -19.9% |
| Amounts payable within one year | 42/48 | €204,042 | €163,422 | -€40,620 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €8,360 | €8,360 | = | 0.0% |
| Financial debts | 43 | €22,135 | €22,059 | -€76 | -0.3% |
| Credit institutions | 430/8 | €22,135 | €22,059 | -€76 | -0.3% |
| Trade debts | 44 | €63,155 | €21,752 | -€41,403 | -65.6% |
| Suppliers | 440/4 | €63,155 | €21,752 | -€41,403 | -65.6% |
| Taxes, remuneration and social security | 45 | €32,559 | €29,598 | -€2,961 | -9.1% |
| Taxes | 450/3 | €11,767 | €9,722 | -€2,045 | -17.4% |
| Remuneration and social security | 454/9 | €20,792 | €19,876 | -€916 | -4.4% |
| Other amounts payable | 47/48 | €77,833 | €81,653 | +€3,820 | +4.9% |
| Remuneration, social security and pensions | 62 | €127,722 | €128,937 | +€1,216 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,345 | €2,189 | -€156 | -6.7% |
| Other operating charges | 640/8 | €2,635 | €1,191 | -€1,444 | -54.8% |
| Gross operating margin | 9900 | €112,803 | €144,374 | +€31,571 | +28.0% |
| Operating profit (loss) | 9901 | -€19,899 | €12,057 | +€31,956 | |
| Financial income | 75/76B | €2,957 | €2,697 | -€259 | -8.8% |
| Recurring financial income | 75 | €2,957 | €2,697 | -€259 | -8.8% |
| Financial charges | 65/66B | €3,609 | €9,131 | +€5,523 | +153.1% |
| Recurring financial charges | 65 | €3,609 | €9,131 | +€5,523 | +153.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,551 | €5,623 | +€26,174 | |
| Income taxes | 67/77 | €398 | €216 | -€182 | -45.7% |
| Profit (loss) for the period | 9904 | -€20,949 | €5,407 | +€26,356 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,949 | €5,407 | +€26,356 |
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.