EUTHENIA: 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.
EUTHENIA
Largest movements
- Cash +€71,666
up €71,666 (+24987.2%), from €287 to €71,953
mainly Net result for the year (+€57,313) and Current investments (+€9,750)
- Current investments -€9,750
down €9,750 (-34.5%), from €28,250 to €18,500
- Receivables within one year -€5,600
down €5,600 (-92.6%), from €6,049 to €449
of which Trade receivables: -€6,049
- Profit (loss) carried forward +€57,313
up €57,313, from -€40,355 to €16,958
- Debts after one year -€8,569
down €8,569 (-10.0%), from €85,735 to €77,166
- Current portion of long-term debt +€4,313
new in 2025: €4,313
- Trade debts +€2,853
up €2,853 (+151.1%), from €1,888 to €4,742
- Gross operating margin +€40,125
up €40,125 (+144.7%), from €27,738 to €67,863
- Taxes +€9,326
new in 2025: €9,326
- Financial charges -€2,327
down €2,327 (-92.1%), from €2,526 to €200
- Financial income +€712
up €712 (+1051.8%), from €68 to €780
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 | €110,630 | €165,901 | +€55,271 | +50.0% |
| Fixed assets | 21/28 | €76,045 | €75,000 | -€1,045 | -1.4% |
| Tangible fixed assets | 22/27 | €1,045 | €0 | -€1,045 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,045 | €0 | -€1,045 | -100.0% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €34,586 | €90,901 | +€56,315 | +162.8% |
| Amounts receivable within one year | 40/41 | €6,049 | €449 | -€5,600 | -92.6% |
| Trade receivables | 40 | €6,049 | - | -€6,049 | |
| Other amounts receivable | 41 | - | €449 | +€449 | |
| Current investments | 50/53 | €28,250 | €18,500 | -€9,750 | -34.5% |
| Cash at bank and in hand | 54/58 | €287 | €71,953 | +€71,666 | +24987.2% |
| Total equity and liabilities | 10/49 | €110,630 | €165,901 | +€55,271 | +50.0% |
| Equity | 10/15 | €9,645 | €66,958 | +€57,313 | +594.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,355 | €16,958 | +€57,313 | |
| Amounts payable | 17/49 | €100,985 | €98,943 | -€2,042 | -2.0% |
| Amounts payable after more than one year | 17 | €85,735 | €77,166 | -€8,569 | -10.0% |
| Financial debts | 170/4 | €85,735 | €77,166 | -€8,569 | -10.0% |
| Amounts payable within one year | 42/48 | €10,529 | €17,731 | +€7,202 | +68.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,313 | +€4,313 | |
| Trade debts | 44 | €1,888 | €4,742 | +€2,853 | +151.1% |
| Suppliers | 440/4 | €1,888 | €4,742 | +€2,853 | +151.1% |
| Taxes, remuneration and social security | 45 | €8,641 | €8,677 | +€36 | +0.4% |
| Taxes | 450/3 | €1,033 | €1,070 | +€36 | +3.5% |
| Remuneration and social security | 454/9 | €7,608 | €7,608 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,721 | €4,046 | -€675 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,045 | €1,045 | -€0 | 0.0% |
| Other operating charges | 640/8 | €457 | €761 | +€304 | +66.5% |
| Gross operating margin | 9900 | €27,738 | €67,863 | +€40,125 | +144.7% |
| Operating profit (loss) | 9901 | €26,237 | €66,058 | +€39,821 | +151.8% |
| Financial income | 75/76B | €68 | €780 | +€712 | +1051.8% |
| Recurring financial income | 75 | €68 | €780 | +€712 | +1051.8% |
| Financial charges | 65/66B | €2,526 | €200 | -€2,327 | -92.1% |
| Recurring financial charges | 65 | €2,526 | €200 | -€2,327 | -92.1% |
| Profit (loss) for the period before taxes | 9903 | €23,778 | €66,639 | +€42,860 | +180.2% |
| Income taxes | 67/77 | - | €9,326 | +€9,326 | |
| Profit (loss) for the period | 9904 | €23,778 | €57,313 | +€33,534 | +141.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,778 | €57,313 | +€33,534 | +141.0% |
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 11 October 2026 via checked.be.