EURIKAS: 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.
EURIKAS
Largest movements
- Receivables within one year -€149,511
down €149,511 (-15.4%), from €970,203 to €820,693
of which Trade receivables: -€165,625
- Cash -€121,956
down €121,956 (-82.1%), from €148,569 to €26,613
mainly Trade debts (-€290,027) and Stocks and contracts (-€87,516)
- Stocks and contracts +€87,516
up €87,516 (+9.4%), from €930,034 to €1.0m
- Trade debts -€290,027
down €290,027 (-41.0%), from €707,526 to €417,499
- Short-term financial debts +€67,883
up €67,883 (+6.7%), from €1.0m to €1.1m
- Debts after one year -€50,000
down €50,000 (-25.0%), from €200,000 to €150,000
- Accrued charges and deferred income +€43,301
up €43,301 (+4,695%), from €922 to €44,223
- Profit (loss) carried forward +€24,369
up €24,369 (+16.7%), from €146,332 to €170,701
- Financial income +€83,489
up €83,489 (+230%), from €36,311 to €119,800
- Gross operating margin -€71,227
down €71,227 (-26.2%), from €272,076 to €200,848
- Staff costs -€35,645
down €35,645 (-19.0%), from €187,526 to €151,881
- Financial charges +€11,837
up €11,837 (+10.7%), from €110,827 to €122,664
of which Financial charges: +€16,837
- Taxes +€7,471
up €7,471 (+148%), from €5,038 to €12,509
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 | €2,105,129 | €1,907,421 | -€197,708 | -9.4% |
| Fixed assets | 21/28 | €34,364 | €35,207 | +€843 | +2.5% |
| Intangible fixed assets | 21 | €17,667 | €22,317 | +€4,649 | +26.3% |
| Tangible fixed assets | 22/27 | €8,204 | €7,091 | -€1,114 | -13.6% |
| Plant, machinery and equipment | 23 | €2,651 | €3,197 | +€546 | +20.6% |
| Furniture and vehicles | 24 | €5,553 | €3,893 | -€1,660 | -29.9% |
| Financial fixed assets | 28 | €8,493 | €5,800 | -€2,693 | -31.7% |
| Current assets | 29/58 | €2,070,765 | €1,872,214 | -€198,551 | -9.6% |
| Stocks and contracts in progress | 3 | €930,034 | €1,017,550 | +€87,516 | +9.4% |
| Stocks | 30/36 | €930,034 | €1,017,550 | +€87,516 | +9.4% |
| Amounts receivable within one year | 40/41 | €970,203 | €820,693 | -€149,511 | -15.4% |
| Trade receivables | 40 | €902,276 | €736,651 | -€165,625 | -18.4% |
| Other amounts receivable | 41 | €67,927 | €84,042 | +€16,114 | +23.7% |
| Cash at bank and in hand | 54/58 | €148,569 | €26,613 | -€121,956 | -82.1% |
| Deferred charges and accrued income | 490/1 | €21,959 | €7,358 | -€14,600 | -66.5% |
| Total equity and liabilities | 10/49 | €2,105,129 | €1,907,421 | -€197,708 | -9.4% |
| Equity | 10/15 | €164,882 | €189,251 | +€24,369 | +14.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,332 | €170,701 | +€24,369 | +16.7% |
| Amounts payable | 17/49 | €1,940,247 | €1,718,170 | -€222,077 | -11.4% |
| Amounts payable after more than one year | 17 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Financial debts | 170/4 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Amounts payable within one year | 42/48 | €1,739,325 | €1,523,947 | -€215,379 | -12.4% |
| Financial debts | 43 | €1,017,215 | €1,085,097 | +€67,883 | +6.7% |
| Credit institutions | 430/8 | €1,017,215 | €1,085,097 | +€67,883 | +6.7% |
| Trade debts | 44 | €707,526 | €417,499 | -€290,027 | -41.0% |
| Suppliers | 440/4 | €707,526 | €417,499 | -€290,027 | -41.0% |
| Advances received on contracts in progress | 46 | - | €5,907 | +€5,907 | |
| Taxes, remuneration and social security | 45 | €14,584 | €15,443 | +€859 | +5.9% |
| Taxes | 450/3 | €161 | €0 | -€161 | -100% |
| Remuneration and social security | 454/9 | €14,423 | €15,443 | +€1,020 | +7.1% |
| Accrued charges and deferred income | 492/3 | €922 | €44,223 | +€43,301 | +4,695% |
| Remuneration, social security and pensions | 62 | €187,526 | €151,881 | -€35,645 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,921 | €8,801 | +€4,879 | +124% |
| Other operating charges | 640/8 | €635 | €424 | -€211 | -33.2% |
| Gross operating margin | 9900 | €272,076 | €200,848 | -€71,227 | -26.2% |
| Operating profit (loss) | 9901 | €79,993 | €39,742 | -€40,251 | -50.3% |
| Financial income | 75/76B | €36,311 | €119,800 | +€83,489 | +230% |
| Recurring financial income | 75 | €36,311 | €119,800 | +€83,489 | +230% |
| Financial charges | 65/66B | €110,827 | €122,664 | +€11,837 | +10.7% |
| Recurring financial charges | 65 | €105,827 | €122,664 | +€16,837 | +15.9% |
| Non-recurring financial charges | 66B | €5,000 | €0 | -€5,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | €5,477 | €36,878 | +€31,402 | +573% |
| Income taxes | 67/77 | €5,038 | €12,509 | +€7,471 | +148% |
| Profit (loss) for the period | 9904 | €438 | €24,369 | +€23,931 | +5,459% |
| Profit (loss) for the period to be appropriated | 9905 | €438 | €24,369 | +€23,931 | +5,459% |
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 1 November 2026 via checked.be.