EUTIMA: 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.
EUTIMA
Largest movements
- Receivables within one year -€1.4m
down €1.4m (-93.5%), from €1.5m to €95,431
of which Trade receivables: -€1.4m
- Cash +€269,536
up €269,536 (+1.6%), from €17.2m to €17.4m
mainly Other debts (+€17.1m) and Receivables within one year (+€1.4m)
- Other debts +€17.1m
up €17.1m (+34211049900.0%), from €0 to €17.1m
- Contributions -€9.6m
down €9.6m (-98.0%), from €9.8m to €200,000
- Profit (loss) carried forward -€7.2m
no longer reported in 2025 (was €7.2m)
- Tax, wage and social debts -€1.4m
down €1.4m (-83.0%), from €1.7m to €295,030
of which Remuneration and social security: -€1.3m
- Staff costs -€1.7m
down €1.7m (-70.6%), from €2.4m to €700,418
- Turnover -€1.6m
down €1.6m (-60.6%), from €2.7m to €1.1m
- Financial income -€332,134
down €332,134 (-45.6%), from €728,816 to €396,682
of which Financial income: -€332,133
- Services and other goods -€82,793
down €82,793 (-78.7%), from €105,229 to €22,436
- Other operating income -€51,295
down €51,295 (-83.6%), from €61,354 to €10,059
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 | €19,460,333 | €18,341,820 | -€1.1m | -5.7% |
| Fixed assets | 21/28 | €822,119 | €820,974 | -€1,145 | -0.1% |
| Tangible fixed assets | 22/27 | €822,061 | €820,916 | -€1,145 | -0.1% |
| Land and buildings | 22 | €822,061 | €820,916 | -€1,145 | -0.1% |
| Financial fixed assets | 28 | €58 | €58 | -€0 | -0.3% |
| Affiliated companies | 280/1 | €58 | €58 | -€0 | -0.3% |
| Participating interests | 280 | €58 | €58 | -€0 | -0.3% |
| Current assets | 29/58 | €18,638,215 | €17,520,846 | -€1.1m | -6.0% |
| Amounts receivable within one year | 40/41 | €1,479,336 | €95,431 | -€1.4m | -93.5% |
| Trade receivables | 40 | €1,478,396 | €46,750 | -€1.4m | -96.8% |
| Other amounts receivable | 41 | €940 | €48,681 | +€47,741 | +5078.3% |
| Cash at bank and in hand | 54/58 | €17,155,879 | €17,425,415 | +€269,536 | +1.6% |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €19,460,333 | €18,341,820 | -€1.1m | -5.7% |
| Equity | 10/15 | €17,676,891 | €910,583 | -€16.8m | -94.8% |
| Contributions | 10/11 | €9,800,000 | €200,000 | -€9.6m | -98.0% |
| Reserves | 13 | €660,630 | €660,631 | +€1 | 0.0% |
| Tax-exempt reserves | 132 | €660,630 | €660,631 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | €7,166,308 | - | -€7.2m | |
| Investment grants | 15 | €49,952 | €49,952 | -€0 | 0.0% |
| Amounts payable | 17/49 | €1,783,443 | €17,431,237 | +€15.6m | +877.4% |
| Amounts payable within one year | 42/48 | €1,761,421 | €17,409,215 | +€15.6m | +888.4% |
| Trade debts | 44 | €29,138 | €8,660 | -€20,478 | -70.3% |
| Suppliers | 440/4 | €29,138 | €8,660 | -€20,478 | -70.3% |
| Taxes, remuneration and social security | 45 | €1,732,282 | €295,030 | -€1.4m | -83.0% |
| Taxes | 450/3 | €454,738 | €277,048 | -€177,690 | -39.1% |
| Remuneration and social security | 454/9 | €1,277,545 | €17,982 | -€1.3m | -98.6% |
| Other amounts payable | 47/48 | €0 | €17,105,525 | +€17.1m | +34211049900.0% |
| Accrued charges and deferred income | 492/3 | €22,022 | €22,022 | +€0 | 0.0% |
| Operating income | 70/76A | €2,985,927 | €1,064,028 | -€1.9m | -64.4% |
| Turnover | 70 | €2,673,555 | €1,053,969 | -€1.6m | -60.6% |
| Other operating income | 74 | €61,354 | €10,059 | -€51,295 | -83.6% |
| Non-recurring operating income | 76A | €251,018 | - | -€251,018 | |
| Operating charges | 60/66A | €2,729,466 | €997,199 | -€1.7m | -63.5% |
| Goods for resale, raw materials and consumables | 60 | €22,119 | €24 | -€22,095 | -99.9% |
| Purchases | 600/8 | €4,469 | €24 | -€4,445 | -99.5% |
| Change in stocks: decrease (increase) | 609 | €17,650 | - | -€17,650 | |
| Services and other goods | 61 | €105,229 | €22,436 | -€82,793 | -78.7% |
| Remuneration, social security and pensions | 62 | €2,382,442 | €700,418 | -€1.7m | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,119 | €1,145 | -€974 | -46.0% |
| Other operating charges | 640/8 | €217,558 | €223,928 | +€6,370 | +2.9% |
| Non-recurring operating charges | 66A | - | €49,248 | +€49,248 | |
| Operating profit (loss) | 9901 | €256,461 | €66,829 | -€189,632 | -73.9% |
| Financial income | 75/76B | €728,816 | €396,682 | -€332,134 | -45.6% |
| Recurring financial income | 75 | €728,815 | €396,682 | -€332,133 | -45.6% |
| Income from current assets | 751 | €728,814 | €396,682 | -€332,132 | -45.6% |
| Other financial income | 752/9 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €924 | €894 | -€30 | -3.3% |
| Recurring financial charges | 65 | €915 | €894 | -€21 | -2.3% |
| Other financial charges | 652/9 | €915 | €894 | -€21 | -2.3% |
| Non-recurring financial charges | 66B | €9 | - | -€9 | |
| Profit (loss) for the period before taxes | 9903 | €984,353 | €462,617 | -€521,736 | -53.0% |
| Income taxes | 67/77 | €153,559 | €123,400 | -€30,159 | -19.6% |
| Taxes | 670/3 | €153,648 | €123,400 | -€30,248 | -19.7% |
| Tax adjustments and reversals of tax provisions | 77 | €89 | - | -€89 | |
| Profit (loss) for the period | 9904 | €830,794 | €339,217 | -€491,577 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €830,794 | €339,217 | -€491,577 | -59.2% |
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 12 October 2026 via checked.be.