EUROKA: 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.
EUROKA
Largest movements
- Receivables within one year -€221,670
down €221,670 (-16.1%), from €1.4m to €1.2m
of which Trade receivables: -€127,443
- Cash -€58,839
down €58,839 (-26.2%), from €224,464 to €165,626
mainly Other debts (-€135,000) and Net result for the year (-€90,930)
- Intangible fixed assets +€31,669
up €31,669 (+130%), from €24,352 to €56,021
- Deferred charges and accrued income +€31,115
new in 2025: €31,115
- Other debts -€135,000
down €135,000 (-90.0%), from €150,000 to €15,000
- Profit (loss) carried forward -€90,930
down €90,930, from €23,286 to -€67,644
- Tax, wage and social debts +€63,926
up €63,926 (+85.4%), from €74,891 to €138,817
of which Taxes: +€48,007
- Advances received -€52,236
down €52,236 (-76.2%), from €68,517 to €16,281
- Reserves -€50,000
down €50,000 (-13.7%), from €365,000 to €315,000
- Gross operating margin -€95,317
down €95,317 (-17.8%), from €534,629 to €439,312
- Staff costs +€32,309
up €32,309 (+7.2%), from €446,652 to €478,961
- Taxes -€24,608
down €24,608 (-100%), from €24,608 to €0
- Depreciation +€13,663
up €13,663 (+73.5%), from €18,594 to €32,257
- Financial charges +€7,091
up €7,091 (+48.1%), from €14,751 to €21,842
of which Non-recurring financial charges: +€10,177
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 | €1,856,422 | €1,607,169 | -€249,253 | -13.4% |
| Fixed assets | 21/28 | €57,307 | €74,337 | +€17,031 | +29.7% |
| Intangible fixed assets | 21 | €24,352 | €56,021 | +€31,669 | +130% |
| Tangible fixed assets | 22/27 | €32,793 | €18,155 | -€14,638 | -44.6% |
| Furniture and vehicles | 24 | €22,456 | €11,263 | -€11,192 | -49.8% |
| Other tangible fixed assets | 26 | €10,338 | €6,892 | -€3,446 | -33.3% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €1,799,115 | €1,532,832 | -€266,283 | -14.8% |
| Stocks and contracts in progress | 3 | €200,032 | €183,142 | -€16,890 | -8.4% |
| Stocks | 30/36 | €200,032 | €183,142 | -€16,890 | -8.4% |
| Amounts receivable within one year | 40/41 | €1,374,619 | €1,152,949 | -€221,670 | -16.1% |
| Trade receivables | 40 | €924,539 | €797,096 | -€127,443 | -13.8% |
| Other amounts receivable | 41 | €450,080 | €355,854 | -€94,227 | -20.9% |
| Cash at bank and in hand | 54/58 | €224,464 | €165,626 | -€58,839 | -26.2% |
| Deferred charges and accrued income | 490/1 | - | €31,115 | +€31,115 | |
| Total equity and liabilities | 10/49 | €1,856,422 | €1,607,169 | -€249,253 | -13.4% |
| Equity | 10/15 | €447,119 | €296,570 | -€150,549 | -33.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €365,000 | €315,000 | -€50,000 | -13.7% |
| Distributable reserves | 133 | €365,000 | €315,000 | -€50,000 | -13.7% |
| Profit (loss) carried forward | 14 | €23,286 | -€67,644 | -€90,930 | |
| Investment grants | 15 | €38,373 | €28,754 | -€9,619 | -25.1% |
| Amounts payable | 17/49 | €1,409,303 | €1,310,599 | -€98,704 | -7.0% |
| Amounts payable after more than one year | 17 | €13,710 | €37,495 | +€23,785 | +173% |
| Financial debts | 170/4 | €13,710 | €37,495 | +€23,785 | +173% |
| Amounts payable within one year | 42/48 | €1,395,593 | €1,273,104 | -€122,489 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €16,759 | €32,201 | +€15,443 | +92.1% |
| Financial debts | 43 | €500,209 | €496,201 | -€4,008 | -0.8% |
| Credit institutions | 430/8 | €500,209 | €496,201 | -€4,008 | -0.8% |
| Trade debts | 44 | €585,218 | €574,604 | -€10,614 | -1.8% |
| Suppliers | 440/4 | €585,218 | €574,604 | -€10,614 | -1.8% |
| Advances received on contracts in progress | 46 | €68,517 | €16,281 | -€52,236 | -76.2% |
| Taxes, remuneration and social security | 45 | €74,891 | €138,817 | +€63,926 | +85.4% |
| Taxes | 450/3 | €29,502 | €77,509 | +€48,007 | +163% |
| Remuneration and social security | 454/9 | €45,388 | €61,308 | +€15,920 | +35.1% |
| Other amounts payable | 47/48 | €150,000 | €15,000 | -€135,000 | -90.0% |
| Non-recurring operating income | 76A | - | €30,950 | +€30,950 | |
| Remuneration, social security and pensions | 62 | €446,652 | €478,961 | +€32,309 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,594 | €32,257 | +€13,663 | +73.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,097 | €2,755 | +€1,658 | +151% |
| Other operating charges | 640/8 | €5,920 | €2,938 | -€2,982 | -50.4% |
| Non-recurring operating charges | 66A | €10,470 | €1,459 | -€9,011 | -86.1% |
| Gross operating margin | 9900 | €534,629 | €439,312 | -€95,317 | -17.8% |
| Operating profit (loss) | 9901 | €51,894 | -€79,059 | -€130,953 | |
| Financial income | 75/76B | €14,303 | €9,971 | -€4,332 | -30.3% |
| Recurring financial income | 75 | €14,303 | €9,971 | -€4,332 | -30.3% |
| Financial charges | 65/66B | €14,751 | €21,842 | +€7,091 | +48.1% |
| Recurring financial charges | 65 | €14,751 | €11,665 | -€3,086 | -20.9% |
| Non-recurring financial charges | 66B | - | €10,177 | +€10,177 | |
| Profit (loss) for the period before taxes | 9903 | €51,447 | -€90,930 | -€142,377 | |
| Income taxes | 67/77 | €24,608 | €0 | -€24,608 | -100% |
| Profit (loss) for the period | 9904 | €26,839 | -€90,930 | -€117,768 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,839 | -€90,930 | -€117,768 |
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 23 October 2026 via checked.be.