EUROTUNNEL: what changed
What changed
EUROTUNNEL
NACE 49.200, Land transport and transport via pipelines
filed annual accounts (NBB)
Net result for the year
€288,095
2023 · €184,786+€103,309
Equity
€2.6m
2023 · €2.4m+€288,095
Cash
€1.1m
2023 · €1.3m-€226,230
Balance sheet total
€18.1m
2023 · €19.4m-€1.4m
Largest movements
Assets
- Receivables within one year -€1.2m
down €1.2m (-6.5%), from €18.1m to €16.9m
of which Other amounts receivable: -€682,238
- Cash -€226,230
down €226,230 (-17.1%), from €1.3m to €1.1m
mainly Trade debts (-€1.3m) and Tax, wage and social debts (-€338,937)
Equity and liabilities
- Trade debts -€1.3m
down €1.3m (-8.4%), from €16.0m to €14.7m
- Tax, wage and social debts -€338,937
down €338,937 (-40.1%), from €846,282 to €507,345
of which Taxes: -€340,961
- Profit (loss) carried forward +€288,095
up €288,095 (+13.0%), from €2.2m to €2.5m
Income statement
- Goods and materials -€13.6m
down €13.6m (-9.5%), from €143.1m to €129.5m
- Turnover -€13.4m
down €13.4m (-9.2%), from €145.4m to €132.0m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€184,786
Turnover
-€13.4m
Other operating income
+€349
Goods and materials
+€13.6m
Services and other goods
+€63,388
Staff costs
+€31,594
Depreciation
-€496
Write-downs
+€99,213
Other operating charges
-€399,649
Other operating items
+€55,174
Financial income
+€39,294
Financial charges
-€1,117
Taxes
+€942
Result 2024
€288,095
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€225,625
Investment
-€605
Financing
€0
Cash 2023
€1.3m
From operations (derived)
-€225,625
Net result for the year
+€288,095
Depreciation
+€708
Receivables within one year
+€1.2m
Smaller working-capital items
-€1,484
Trade debts
-€1.3m
Tax, wage and social debts
-€338,937
Investment (derived)
-€605
Investment in fixed assets (net)
-€605
Cash 2024
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,449,158 | €18,053,160 | -€1.4m | -7.2% |
| Fixed assets | 21/28 | €19,254 | €19,151 | -€103 | -0.5% |
| Tangible fixed assets | 22/27 | €3,262 | €3,159 | -€103 | -3.2% |
| Furniture and vehicles | 24 | €3,262 | €3,159 | -€103 | -3.2% |
| Financial fixed assets | 28 | €15,992 | €15,992 | = | 0.0% |
| Other financial fixed assets | 284/8 | €15,992 | €15,992 | = | 0.0% |
| Shares | 284 | €75 | €75 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €15,917 | €15,917 | = | 0.0% |
| Current assets | 29/58 | €19,429,904 | €18,034,009 | -€1.4m | -7.2% |
| Amounts receivable within one year | 40/41 | €18,107,051 | €16,937,373 | -€1.2m | -6.5% |
| Trade receivables | 40 | €13,602,559 | €13,115,118 | -€487,440 | -3.6% |
| Other amounts receivable | 41 | €4,504,492 | €3,822,255 | -€682,238 | -15.1% |
| Cash at bank and in hand | 54/58 | €1,320,252 | €1,094,022 | -€226,230 | -17.1% |
| Deferred charges and accrued income | 490/1 | €2,600 | €2,614 | +€14 | +0.5% |
| Total equity and liabilities | 10/49 | €19,449,158 | €18,053,160 | -€1.4m | -7.2% |
| Equity | 10/15 | €2,356,215 | €2,644,310 | +€288,095 | +12.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,224,215 | €2,512,310 | +€288,095 | +13.0% |
| Amounts payable | 17/49 | €17,092,943 | €15,408,850 | -€1.7m | -9.9% |
| Amounts payable within one year | 42/48 | €17,092,943 | €15,408,850 | -€1.7m | -9.9% |
| Trade debts | 44 | €16,004,687 | €14,661,001 | -€1.3m | -8.4% |
| Suppliers | 440/4 | €16,004,687 | €14,661,001 | -€1.3m | -8.4% |
| Advances received on contracts in progress | 46 | €241,974 | €240,504 | -€1,470 | -0.6% |
| Taxes, remuneration and social security | 45 | €846,282 | €507,345 | -€338,937 | -40.1% |
| Taxes | 450/3 | €752,087 | €411,127 | -€340,961 | -45.3% |
| Remuneration and social security | 454/9 | €94,194 | €96,218 | +€2,024 | +2.1% |
| Operating income | 70/76A | €145,406,876 | €132,048,792 | -€13.4m | -9.2% |
| Turnover | 70 | €145,396,099 | €132,037,666 | -€13.4m | -9.2% |
| Other operating income | 74 | €10,777 | €11,126 | +€349 | +3.2% |
| Operating charges | 60/66A | €145,278,642 | €131,856,368 | -€13.4m | -9.2% |
| Goods for resale, raw materials and consumables | 60 | €143,116,069 | €129,543,019 | -€13.6m | -9.5% |
| Purchases | 600/8 | €143,116,069 | €129,543,019 | -€13.6m | -9.5% |
| Services and other goods | 61 | €1,718,653 | €1,655,265 | -€63,388 | -3.7% |
| Remuneration, social security and pensions | 62 | €333,100 | €301,506 | -€31,594 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212 | €708 | +€496 | +235% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€77,183 | -€176,396 | -€99,213 | -129% |
| Other operating charges | 640/8 | €132,617 | €532,266 | +€399,649 | +301% |
| Non-recurring operating charges | 66A | €55,174 | - | -€55,174 | |
| Operating profit (loss) | 9901 | €128,234 | €192,424 | +€64,191 | +50.1% |
| Financial income | 75/76B | €182,319 | €221,613 | +€39,294 | +21.6% |
| Recurring financial income | 75 | €182,319 | €221,613 | +€39,294 | +21.6% |
| Income from current assets | 751 | €182,319 | €221,613 | +€39,294 | +21.6% |
| Financial charges | 65/66B | €67,354 | €68,470 | +€1,117 | +1.7% |
| Recurring financial charges | 65 | €67,354 | €68,470 | +€1,117 | +1.7% |
| Debt charges | 650 | €32 | - | -€32 | |
| Other financial charges | 652/9 | €67,322 | €68,470 | +€1,149 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €243,199 | €345,567 | +€102,368 | +42.1% |
| Income taxes | 67/77 | €58,413 | €57,472 | -€942 | -1.6% |
| Taxes | 670/3 | €58,413 | €58,099 | -€315 | -0.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €627 | +€627 | |
| Profit (loss) for the period | 9904 | €184,786 | €288,095 | +€103,309 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €184,786 | €288,095 | +€103,309 | +55.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.