EUROLUC: 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.
What changed
EUROLUC
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€191,491
2024 · €11,776+€179,716
Equity
€2.7m
2024 · €2.5m+€191,491
Cash
€10,474
2024 · €18,652-€8,178
Balance sheet total
€4.6m
2024 · €4.8m-€174,044
Largest movements
Assets
- Receivables within one year +€710,836
up €710,836 (+27.2%), from €2.6m to €3.3m
of which Other amounts receivable: +€710,782
- Current investments -€500,000
down €500,000 (-66.6%), from €750,774 to €250,774
- Tangible fixed assets -€376,015
down €376,015 (-26.4%), from €1.4m to €1.0m
of which Land and buildings: -€331,687
Equity and liabilities
- Other debts -€390,100
down €390,100 (-17.7%), from €2.2m to €1.8m
- Reserves +€191,491
up €191,491 (+28.3%), from €675,906 to €867,397
of which Distributable reserves: +€191,491
Income statement
- Turnover +€160,044
up €160,044 (+49.5%), from €323,375 to €483,420
- Services and other goods -€69,604
down €69,604 (-24.8%), from €281,156 to €211,553
- Taxes +€60,542
up €60,542 (+467%), from €12,968 to €73,510
- Other operating income -€30,161
down €30,161 (-37.0%), from €81,589 to €51,427
- Financial charges +€19,015
up €19,015 (+214%), from €8,891 to €27,906
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
€11,776
Turnover
+€160,044
Other operating income
-€30,161
Services and other goods
+€69,604
Depreciation
+€9,331
Other operating charges
-€405
Other operating items
+€50,655
Financial income
+€204
Financial charges
-€19,015
Taxes
-€60,542
Result 2025
€191,491
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€782,320
Investment
+€774,345
Financing
-€203
Cash 2024
€18,652
From operations (derived)
-€782,320
Net result for the year
+€191,491
Depreciation
+€101,671
Receivables within one year
-€710,836
Smaller working-capital items
+€656
Trade debts
-€8,521
Tax, wage and social debts
+€33,320
Other debts
-€390,100
Investment (derived)
+€774,345
Investment in fixed assets (net)
+€274,345
Current investments
+€500,000
Financing
-€203
Short-term financial debts
-€203
Cash 2025
€10,474
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,806,802 | €4,632,759 | -€174,044 | -3.6% |
| Fixed assets | 21/28 | €1,424,663 | €1,048,648 | -€376,015 | -26.4% |
| Tangible fixed assets | 22/27 | €1,424,363 | €1,048,348 | -€376,015 | -26.4% |
| Land and buildings | 22 | €1,276,048 | €944,361 | -€331,687 | -26.0% |
| Furniture and vehicles | 24 | €148,315 | €103,986 | -€44,329 | -29.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Other financial fixed assets | 284/8 | €300 | €300 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €3,382,139 | €3,584,111 | +€201,971 | +6.0% |
| Amounts receivable within one year | 40/41 | €2,612,027 | €3,322,863 | +€710,836 | +27.2% |
| Trade receivables | 40 | €4,084 | €4,138 | +€54 | +1.3% |
| Other amounts receivable | 41 | €2,607,943 | €3,318,725 | +€710,782 | +27.3% |
| Current investments | 50/53 | €750,774 | €250,774 | -€500,000 | -66.6% |
| Other investments | 51/53 | €750,774 | €250,774 | -€500,000 | -66.6% |
| Cash at bank and in hand | 54/58 | €18,652 | €10,474 | -€8,178 | -43.8% |
| Deferred charges and accrued income | 490/1 | €687 | - | -€687 | |
| Total equity and liabilities | 10/49 | €4,806,802 | €4,632,759 | -€174,044 | -3.6% |
| Equity | 10/15 | €2,514,353 | €2,705,844 | +€191,491 | +7.6% |
| Contributions | 10/11 | €1,838,447 | €1,838,447 | = | 0.0% |
| Capital | 10 | €1,838,447 | €1,838,447 | = | 0.0% |
| Issued capital | 100 | €1,838,447 | €1,838,447 | = | 0.0% |
| Reserves | 13 | €675,906 | €867,397 | +€191,491 | +28.3% |
| Non-distributable reserves | 130/1 | €247,062 | €247,062 | = | 0.0% |
| Legal reserve | 130 | €247,062 | €247,062 | = | 0.0% |
| Distributable reserves | 133 | €428,843 | €620,335 | +€191,491 | +44.7% |
| Provisions and deferred taxes | 16 | €60,805 | €60,805 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,805 | €60,805 | = | 0.0% |
| Pensions and similar obligations | 160 | €60,805 | €60,805 | = | 0.0% |
| Amounts payable | 17/49 | €2,231,645 | €1,866,110 | -€365,535 | -16.4% |
| Amounts payable within one year | 42/48 | €2,228,034 | €1,862,530 | -€365,504 | -16.4% |
| Financial debts | 43 | €222 | €19 | -€203 | -91.4% |
| Credit institutions | 430/8 | €222 | €19 | -€203 | -91.4% |
| Trade debts | 44 | €14,741 | €6,220 | -€8,521 | -57.8% |
| Suppliers | 440/4 | €14,741 | €6,220 | -€8,521 | -57.8% |
| Taxes, remuneration and social security | 45 | €14,740 | €48,060 | +€33,320 | +226% |
| Taxes | 450/3 | €14,740 | €48,060 | +€33,320 | +226% |
| Other amounts payable | 47/48 | €2,198,331 | €1,808,231 | -€390,100 | -17.7% |
| Accrued charges and deferred income | 492/3 | €3,611 | €3,580 | -€31 | -0.9% |
| Operating income | 70/76A | €404,964 | €585,503 | +€180,539 | +44.6% |
| Turnover | 70 | €323,375 | €483,420 | +€160,044 | +49.5% |
| Other operating income | 74 | €81,589 | €51,427 | -€30,161 | -37.0% |
| Non-recurring operating income | 76A | - | €50,655 | +€50,655 | |
| Operating charges | 60/66A | €406,860 | €328,330 | -€78,530 | -19.3% |
| Services and other goods | 61 | €281,156 | €211,553 | -€69,604 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,002 | €101,671 | -€9,331 | -8.4% |
| Other operating charges | 640/8 | €14,702 | €15,107 | +€405 | +2.8% |
| Operating profit (loss) | 9901 | -€1,896 | €257,173 | +€259,069 | |
| Financial income | 75/76B | €35,530 | €35,734 | +€204 | +0.6% |
| Recurring financial income | 75 | €35,530 | €35,734 | +€204 | +0.6% |
| Income from current assets | 751 | €35,483 | €35,734 | +€251 | +0.7% |
| Other financial income | 752/9 | €47 | - | -€47 | |
| Financial charges | 65/66B | €8,891 | €27,906 | +€19,015 | +214% |
| Recurring financial charges | 65 | €8,891 | €27,906 | +€19,015 | +214% |
| Debt charges | 650 | €14,362 | €24,993 | +€10,631 | +74.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€14,967 | - | +€14,967 | |
| Other financial charges | 652/9 | €9,495 | €2,912 | -€6,583 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €24,744 | €265,001 | +€240,258 | +971% |
| Income taxes | 67/77 | €12,968 | €73,510 | +€60,542 | +467% |
| Taxes | 670/3 | €60,324 | €73,510 | +€13,186 | +21.9% |
| Tax adjustments and reversals of tax provisions | 77 | €47,356 | - | -€47,356 | |
| Profit (loss) for the period | 9904 | €11,776 | €191,491 | +€179,716 | +1,526% |
| Profit (loss) for the period to be appropriated | 9905 | €11,776 | €191,491 | +€179,716 | +1,526% |
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 31 October 2026 via checked.be.