Eustachius: 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.
Eustachius
Largest movements
- Cash +€33,527
up €33,527 (+23.6%), from €141,986 to €175,514
mainly Net result for the year (+€24,570) and Depreciation (+€6,758)
- Tangible fixed assets -€6,758
down €6,758 (-27.8%), from €24,286 to €17,527
of which Furniture and vehicles: -€6,700
- Receivables within one year -€4,021
down €4,021 (-78.5%), from €5,125 to €1,104
of which Trade receivables: -€3,828
- Reserves +€24,570
up €24,570 (+16.5%), from €148,766 to €173,336
of which Distributable reserves: +€24,570
- Current portion of long-term debt -€6,689
down €6,689 (-100.0%), from €6,689 to €0
- Trade debts +€2,635
up €2,635 (+1587.6%), from €166 to €2,801
- Depreciation -€13,036
down €13,036 (-65.9%), from €19,794 to €6,758
- Gross operating margin -€4,025
down €4,025 (-8.3%), from €48,682 to €44,657
- Taxes +€3,169
up €3,169 (+36.5%), from €8,688 to €11,857
- Financial income +€555
up €555 (+220.4%), from €252 to €807
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,826 | €198,813 | +€21,987 | +12.4% |
| Fixed assets | 21/28 | €24,286 | €17,527 | -€6,758 | -27.8% |
| Tangible fixed assets | 22/27 | €24,286 | €17,527 | -€6,758 | -27.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €235 | €176 | -€59 | -25.0% |
| Furniture and vehicles | 24 | €24,050 | €17,351 | -€6,700 | -27.9% |
| Current assets | 29/58 | €152,540 | €181,285 | +€28,745 | +18.8% |
| Stocks and contracts in progress | 3 | €5,429 | €4,668 | -€761 | -14.0% |
| Stocks | 30/36 | €5,429 | €4,668 | -€761 | -14.0% |
| Amounts receivable within one year | 40/41 | €5,125 | €1,104 | -€4,021 | -78.5% |
| Trade receivables | 40 | €4,590 | €762 | -€3,828 | -83.4% |
| Other amounts receivable | 41 | €535 | €342 | -€193 | -36.0% |
| Cash at bank and in hand | 54/58 | €141,986 | €175,514 | +€33,527 | +23.6% |
| Total equity and liabilities | 10/49 | €176,826 | €198,813 | +€21,987 | +12.4% |
| Equity | 10/15 | €167,358 | €191,928 | +€24,570 | +14.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €148,766 | €173,336 | +€24,570 | +16.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €142,407 | €166,977 | +€24,570 | +17.3% |
| Amounts payable | 17/49 | €9,467 | €6,884 | -€2,583 | -27.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €9,467 | €6,884 | -€2,583 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €6,689 | €0 | -€6,689 | -100.0% |
| Trade debts | 44 | €166 | €2,801 | +€2,635 | +1587.6% |
| Suppliers | 440/4 | €166 | €2,801 | +€2,635 | +1587.6% |
| Taxes, remuneration and social security | 45 | €2,612 | €4,083 | +€1,471 | +56.3% |
| Taxes | 450/3 | €2,612 | €4,083 | +€1,471 | +56.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,794 | €6,758 | -€13,036 | -65.9% |
| Other operating charges | 640/8 | €2,000 | €1,931 | -€69 | -3.4% |
| Gross operating margin | 9900 | €48,682 | €44,657 | -€4,025 | -8.3% |
| Operating profit (loss) | 9901 | €26,888 | €35,968 | +€9,080 | +33.8% |
| Financial income | 75/76B | €252 | €807 | +€555 | +220.4% |
| Recurring financial income | 75 | €252 | €807 | +€555 | +220.4% |
| Financial charges | 65/66B | €775 | €348 | -€427 | -55.1% |
| Recurring financial charges | 65 | €775 | €348 | -€427 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €26,365 | €36,427 | +€10,062 | +38.2% |
| Income taxes | 67/77 | €8,688 | €11,857 | +€3,169 | +36.5% |
| Profit (loss) for the period | 9904 | €17,677 | €24,570 | +€6,893 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,677 | €24,570 | +€6,893 | +39.0% |
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 5 October 2026 via checked.be.