Eustress: 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.
Eustress
Largest movements
- Tangible fixed assets -€95,318
down €95,318 (-69.1%), from €137,863 to €42,544
of which Plant, machinery and equipment: -€83,032
- Stocks and contracts +€11,811
new in 2025: €11,811
- Receivables within one year -€6,518
down €6,518 (-16.3%), from €39,919 to €33,401
of which Other amounts receivable: -€20,463
- Cash -€5,917
down €5,917 (-85.3%), from €6,936 to €1,019
mainly Net result for the year (-€37,839) and Current portion of long-term debt (-€23,616)
- Profit (loss) carried forward -€37,839
down €37,839, from €205 to -€37,634
- Current portion of long-term debt -€23,616
down €23,616 (-55.5%), from €42,526 to €18,909
- Debts after one year -€18,959
down €18,959 (-44.8%), from €42,297 to €23,338
- Other debts -€9,280
down €9,280 (-13.0%), from €71,306 to €62,026
- Trade debts -€9,201
down €9,201 (-68.4%), from €13,446 to €4,245
- Gross operating margin -€28,832
down €28,832 (-67.2%), from €42,879 to €14,047
- Other operating charges +€17,640
up €17,640 (+502%), from €3,516 to €21,156
- Depreciation -€6,019
down €6,019 (-29.3%), from €20,566 to €14,547
- Staff costs -€3,264
down €3,264 (-28.1%), from €11,630 to €8,365
- Financial charges +€2,007
up €2,007 (+34.5%), from €5,811 to €7,818
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 | €186,596 | €89,465 | -€97,130 | -52.1% |
| Formation expenses | 20 | €1,328 | €140 | -€1,188 | -89.5% |
| Fixed assets | 21/28 | €137,863 | €42,544 | -€95,318 | -69.1% |
| Tangible fixed assets | 22/27 | €137,863 | €42,544 | -€95,318 | -69.1% |
| Plant, machinery and equipment | 23 | €86,284 | €3,252 | -€83,032 | -96.2% |
| Furniture and vehicles | 24 | €2,063 | €1,567 | -€496 | -24.0% |
| Leasing and similar rights | 25 | €49,516 | €37,726 | -€11,790 | -23.8% |
| Current assets | 29/58 | €47,405 | €46,781 | -€624 | -1.3% |
| Stocks and contracts in progress | 3 | - | €11,811 | +€11,811 | |
| Stocks | 30/36 | - | €11,811 | +€11,811 | |
| Amounts receivable within one year | 40/41 | €39,919 | €33,401 | -€6,518 | -16.3% |
| Trade receivables | 40 | €11,550 | €25,495 | +€13,945 | +121% |
| Other amounts receivable | 41 | €28,369 | €7,906 | -€20,463 | -72.1% |
| Cash at bank and in hand | 54/58 | €6,936 | €1,019 | -€5,917 | -85.3% |
| Deferred charges and accrued income | 490/1 | €550 | €550 | = | 0.0% |
| Total equity and liabilities | 10/49 | €186,596 | €89,465 | -€97,130 | -52.1% |
| Equity | 10/15 | €15,205 | -€22,634 | -€37,839 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205 | -€37,634 | -€37,839 | |
| Amounts payable | 17/49 | €171,391 | €112,100 | -€59,291 | -34.6% |
| Amounts payable after more than one year | 17 | €42,297 | €23,338 | -€18,959 | -44.8% |
| Financial debts | 170/4 | €42,297 | €23,338 | -€18,959 | -44.8% |
| Amounts payable within one year | 42/48 | €129,094 | €88,762 | -€40,332 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €42,526 | €18,909 | -€23,616 | -55.5% |
| Trade debts | 44 | €13,446 | €4,245 | -€9,201 | -68.4% |
| Suppliers | 440/4 | €13,446 | €4,245 | -€9,201 | -68.4% |
| Taxes, remuneration and social security | 45 | €1,816 | €3,581 | +€1,765 | +97.2% |
| Taxes | 450/3 | €1,816 | €3,581 | +€1,765 | +97.2% |
| Other amounts payable | 47/48 | €71,306 | €62,026 | -€9,280 | -13.0% |
| Remuneration, social security and pensions | 62 | €11,630 | €8,365 | -€3,264 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,566 | €14,547 | -€6,019 | -29.3% |
| Other operating charges | 640/8 | €3,516 | €21,156 | +€17,640 | +502% |
| Gross operating margin | 9900 | €42,879 | €14,047 | -€28,832 | -67.2% |
| Operating profit (loss) | 9901 | €7,167 | -€30,022 | -€37,189 | |
| Financial income | 75/76B | €105 | - | -€105 | |
| Recurring financial income | 75 | €105 | - | -€105 | |
| Financial charges | 65/66B | €5,811 | €7,818 | +€2,007 | +34.5% |
| Recurring financial charges | 65 | €5,811 | €7,818 | +€2,007 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €1,461 | -€37,839 | -€39,300 | |
| Profit (loss) for the period | 9904 | €1,461 | -€37,839 | -€39,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,461 | -€37,839 | -€39,300 |
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 25 October 2026 via checked.be.