EURESYS: 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.
What changed
EURESYS
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €3.1m-€1.5m
Equity
€18.5m
2024 · €20.0m-€1.5m
Cash
€3.9m
2024 · €1.7m+€2.2m
Balance sheet total
€27.2m
2024 · €29.1m-€1.9m
Largest movements
Assets
- Stocks and contracts -€3.4m
down €3.4m (-30.9%), from €10.9m to €7.6m
- Cash +€2.2m
up €2.2m (+126.3%), from €1.7m to €3.9m
mainly Stocks and contracts (+€3.4m) and Depreciation (+€3.2m)
- Receivables within one year -€840,402
down €840,402 (-22.0%), from €3.8m to €3.0m
of which Other amounts receivable: -€554,118
- Intangible fixed assets +€478,442
up €478,442 (+9.9%), from €4.8m to €5.3m
Equity and liabilities
- Trade debts -€1.5m
down €1.5m (-44.7%), from €3.3m to €1.8m
- Profit (loss) carried forward -€1.1m
down €1.1m (-9.4%), from €12.0m to €10.9m
- Other debts +€1.1m
up €1.1m (+51.9%), from €2.2m to €3.3m
- Investment grants -€303,446
down €303,446 (-12.8%), from €2.4m to €2.1m
Income statement
- Turnover +€2.6m
up €2.6m (+15.6%), from €16.6m to €19.2m
- Goods and materials -€1.7m
down €1.7m (-22.7%), from €7.4m to €5.7m
of which Purchases: -€4.4m
- Financial income -€1.2m
down €1.2m (-34.6%), from €3.5m to €2.3m
- Depreciation +€347,323
up €347,323 (+12.4%), from €2.8m to €3.2m
- Staff costs +€346,967
up €346,967 (+6.4%), from €5.4m to €5.7m
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.
Result 2024
€3.1m
Turnover
+€2.6m
Other operating income
-€79,283
Goods and materials
+€1.7m
Services and other goods
-€33,816
Staff costs
-€346,967
Depreciation
-€347,323
Write-downs
-€137,551
Provisions
-€21,648
Other operating charges
+€19,584
Other operating items
-€3.4m
Financial income
-€1.2m
Financial charges
-€127,266
Taxes
+€13,243
Deferred taxes and other
+€3,712
Result 2025
€1.6m
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.
From operations
+€8.8m
Investment
-€3.4m
Financing
-€3.2m
Cash 2024
€1.7m
From operations (derived)
+€8.8m
Net result for the year
+€1.6m
Depreciation
+€3.2m
Stocks and contracts
+€3.4m
Receivables within one year
+€840,402
Deferred charges and accrued income
+€44,475
Smaller working-capital items
-€8,663
Trade debts
-€1.5m
Tax, wage and social debts
+€79,628
Other debts
+€1.1m
Investment (derived)
-€3.4m
Investment in fixed assets (net)
-€3.4m
Financing
-€3.2m
Debts after one year
-€154,445
Current portion of long-term debt
+€3,785
Contributions, distributions and other
-€3.1m
Cash 2025
€3.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,130,126 | €27,248,335 | -€1.9m | -6.5% |
| Fixed assets | 21/28 | €12,412,378 | €12,615,407 | +€203,028 | +1.6% |
| Intangible fixed assets | 21 | €4,836,199 | €5,314,640 | +€478,442 | +9.9% |
| Tangible fixed assets | 22/27 | €6,044,520 | €5,770,187 | -€274,334 | -4.5% |
| Land and buildings | 22 | €5,564,210 | €5,343,740 | -€220,469 | -4.0% |
| Plant, machinery and equipment | 23 | €54,812 | €27,691 | -€27,122 | -49.5% |
| Furniture and vehicles | 24 | €425,498 | €369,481 | -€56,017 | -13.2% |
| Assets under construction and advance payments | 27 | - | €29,275 | +€29,275 | |
| Financial fixed assets | 28 | €1,531,659 | €1,530,579 | -€1,080 | -0.1% |
| Affiliated companies | 280/1 | €1,491,734 | €1,491,734 | = | 0.0% |
| Participating interests | 280 | €1,491,734 | €1,491,734 | = | 0.0% |
| Other financial fixed assets | 284/8 | €39,925 | €38,845 | -€1,080 | -2.7% |
| Amounts receivable and cash guarantees | 285/8 | €39,925 | €38,845 | -€1,080 | -2.7% |
| Current assets | 29/58 | €16,717,748 | €14,632,929 | -€2.1m | -12.5% |
| Stocks and contracts in progress | 3 | €10,935,774 | €7,558,592 | -€3.4m | -30.9% |
| Stocks | 30/36 | €10,935,774 | €7,558,592 | -€3.4m | -30.9% |
| Raw materials and consumables | 30/31 | €349,307 | €554,694 | +€205,387 | +58.8% |
| Finished goods | 33 | €7,631,469 | €4,781,342 | -€2.9m | -37.3% |
| Goods purchased for resale | 34 | €2,954,998 | €2,222,556 | -€732,442 | -24.8% |
| Amounts receivable within one year | 40/41 | €3,819,648 | €2,979,247 | -€840,402 | -22.0% |
| Trade receivables | 40 | €3,075,951 | €2,789,668 | -€286,283 | -9.3% |
| Other amounts receivable | 41 | €743,697 | €189,579 | -€554,118 | -74.5% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Other investments | 51/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,723,274 | €3,900,514 | +€2.2m | +126.3% |
| Deferred charges and accrued income | 490/1 | €239,051 | €194,576 | -€44,475 | -18.6% |
| Total equity and liabilities | 10/49 | €29,130,126 | €27,248,335 | -€1.9m | -6.5% |
| Equity | 10/15 | €19,969,076 | €18,504,343 | -€1.5m | -7.3% |
| Contributions | 10/11 | €1,885,000 | €1,885,000 | = | 0.0% |
| Capital | 10 | €1,885,000 | €1,885,000 | = | 0.0% |
| Issued capital | 100 | €1,885,000 | €1,885,000 | = | 0.0% |
| Reserves | 13 | €3,683,115 | €3,656,037 | -€27,077 | -0.7% |
| Non-distributable reserves | 130/1 | €248,527 | €248,527 | = | 0.0% |
| Legal reserve | 130 | €248,527 | €248,527 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,722,587 | €2,695,510 | -€27,077 | -1.0% |
| Distributable reserves | 133 | €712,000 | €712,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,036,002 | €10,901,792 | -€1.1m | -9.4% |
| Investment grants | 15 | €2,364,960 | €2,061,514 | -€303,446 | -12.8% |
| Provisions and deferred taxes | 16 | €435,078 | €427,184 | -€7,893 | -1.8% |
| Provisions for liabilities and charges | 160/5 | €30,507 | €25,537 | -€4,969 | -16.3% |
| Other liabilities and charges | 164/5 | €30,507 | €25,537 | -€4,969 | -16.3% |
| Deferred taxes | 168 | €404,571 | €401,647 | -€2,924 | -0.7% |
| Amounts payable | 17/49 | €8,725,973 | €8,316,808 | -€409,165 | -4.7% |
| Amounts payable after more than one year | 17 | €2,345,018 | €2,190,573 | -€154,445 | -6.6% |
| Financial debts | 170/4 | €2,345,018 | €2,190,573 | -€154,445 | -6.6% |
| Credit institutions | 173 | €2,345,018 | €2,190,573 | -€154,445 | -6.6% |
| Amounts payable within one year | 42/48 | €6,343,831 | €6,089,881 | -€253,950 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €150,660 | €154,445 | +€3,785 | +2.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,251,221 | €1,797,337 | -€1.5m | -44.7% |
| Suppliers | 440/4 | €3,251,221 | €1,797,337 | -€1.5m | -44.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €789,323 | €868,951 | +€79,628 | +10.1% |
| Taxes | 450/3 | €57,506 | €72,290 | +€14,784 | +25.7% |
| Remuneration and social security | 454/9 | €731,816 | €796,661 | +€64,844 | +8.9% |
| Other amounts payable | 47/48 | €2,152,628 | €3,269,148 | +€1.1m | +51.9% |
| Accrued charges and deferred income | 492/3 | €37,123 | €36,353 | -€770 | -2.1% |
| Operating income | 70/76A | €20,756,724 | €19,817,477 | -€939,247 | -4.5% |
| Turnover | 70 | €16,641,250 | €19,228,975 | +€2.6m | +15.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €374,809 | -€2,972,588 | -€3.3m | |
| Own construction capitalised | 72 | €2,737,402 | €2,690,887 | -€46,515 | -1.7% |
| Other operating income | 74 | €949,486 | €870,203 | -€79,283 | -8.4% |
| Non-recurring operating income | 76A | €53,777 | - | -€53,777 | |
| Operating charges | 60/66A | €20,912,517 | €20,107,619 | -€804,898 | -3.8% |
| Goods for resale, raw materials and consumables | 60 | €7,358,120 | €5,685,501 | -€1.7m | -22.7% |
| Purchases | 600/8 | €9,853,197 | €5,413,418 | -€4.4m | -45.1% |
| Change in stocks: decrease (increase) | 609 | -€2,495,077 | €272,083 | +€2.8m | |
| Services and other goods | 61 | €5,323,524 | €5,357,339 | +€33,816 | +0.6% |
| Remuneration, social security and pensions | 62 | €5,386,061 | €5,733,027 | +€346,967 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,808,185 | €3,155,508 | +€347,323 | +12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,039 | €132,512 | +€137,551 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€26,618 | -€4,969 | +€21,648 | +81.3% |
| Other operating charges | 640/8 | €68,285 | €48,701 | -€19,584 | -28.7% |
| Operating profit (loss) | 9901 | -€155,794 | -€290,142 | -€134,349 | -86.2% |
| Financial income | 75/76B | €3,491,728 | €2,283,506 | -€1.2m | -34.6% |
| Recurring financial income | 75 | €3,491,728 | €2,283,506 | -€1.2m | -34.6% |
| Income from financial fixed assets | 750 | €2,000,000 | €1,000,000 | -€1.0m | -50.0% |
| Income from current assets | 751 | €61,853 | €46 | -€61,808 | -99.9% |
| Other financial income | 752/9 | €1,429,874 | €1,283,460 | -€146,414 | -10.2% |
| Financial charges | 65/66B | €319,969 | €447,235 | +€127,266 | +39.8% |
| Recurring financial charges | 65 | €319,969 | €447,235 | +€127,266 | +39.8% |
| Debt charges | 650 | €114,078 | €140,952 | +€26,874 | +23.6% |
| Other financial charges | 652/9 | €205,891 | €306,282 | +€100,391 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €3,015,965 | €1,546,129 | -€1.5m | -48.7% |
| Transfer from deferred taxes | 780 | €109,276 | €112,988 | +€3,712 | +3.4% |
| Income taxes | 67/77 | €64,661 | €51,418 | -€13,243 | -20.5% |
| Taxes | 670/3 | €64,661 | €51,418 | -€13,243 | -20.5% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €3,060,580 | €1,607,699 | -€1.5m | -47.5% |
| Transfer from tax-exempt reserves | 789 | €27,078 | €27,077 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,087,658 | €1,634,776 | -€1.5m | -47.1% |
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.