Eutraco: 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.
What changed
Eutraco
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.7m
2024 · -€1.2m-€556,085
Equity
€7.0m
2024 · €8.7m-€1.7m
Cash
€2.0m
2024 · €4.1m-€2.1m
Balance sheet total
€63.6m
2024 · €63.7m-€70,705
Largest movements
Assets
- Tangible fixed assets +€11.3m
up €11.3m (+61.5%), from €18.3m to €29.6m
of which Leasing and similar rights: +€12.0m
- Receivables within one year -€7.6m
down €7.6m (-30.3%), from €25.1m to €17.5m
of which Other amounts receivable: -€5.8m
- Financial fixed assets -€3.0m
down €3.0m (-95.8%), from €3.2m to €132,453
of which Affiliated companies: -€3.0m
- Cash -€2.1m
down €2.1m (-51.4%), from €4.1m to €2.0m
mainly Investment in fixed assets (net) (-€15.7m) and Trade debts (-€1.8m)
- Formation expenses +€1.7m
up €1.7m (+20.8%), from €8.0m to €9.7m
Equity and liabilities
- Debts after one year +€3.8m
up €3.8m (+42.5%), from €9.0m to €12.8m
of which Financial debts: +€3.8m
- Current portion of long-term debt +€2.9m
up €2.9m (+99.0%), from €3.0m to €5.9m
- Reserves -€2.6m
down €2.6m (-43.6%), from €6.0m to €3.4m
of which Tax-exempt reserves: -€2.6m
- Trade debts -€1.8m
down €1.8m (-7.2%), from €25.0m to €23.2m
- Tax, wage and social debts -€1.4m
down €1.4m (-22.3%), from €6.1m to €4.7m
of which Taxes: -€1.3m
Income statement
- Services and other goods +€7.1m
up €7.1m (+20.6%), from €34.6m to €41.8m
- Turnover +€4.3m
up €4.3m (+4.4%), from €99.4m to €103.7m
- Goods and materials -€3.6m
down €3.6m (-9.5%), from €37.5m to €33.9m
of which Purchases: -€3.4m
- Other operating charges +€2.9m
up €2.9m (+189.6%), from €1.5m to €4.5m
- Staff costs +€1.7m
up €1.7m (+8.5%), from €20.2m to €22.0m
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.
Result 2024
-€1.2m
Turnover
+€4.3m
Other operating income
+€1.5m
Goods and materials
+€3.6m
Services and other goods
-€7.1m
Staff costs
-€1.7m
Depreciation
-€617,711
Write-downs
+€192,709
Other operating charges
-€2.9m
Other operating items
+€2.3m
Financial income
+€12,112
Financial charges
-€262,730
Taxes
-€144,331
Deferred taxes and other
+€293,806
Result 2025
-€1.7m
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.
From operations
+€7.0m
Investment
-€15.7m
Financing
+€6.6m
Cash 2024
€4.1m
From operations (derived)
+€7.0m
Net result for the year
-€1.7m
Depreciation
+€6.0m
Stocks and contracts
-€175,711
Receivables within one year
+€7.6m
Deferred charges and accrued income
+€228,581
Provisions
-€397,071
Trade debts
-€1.8m
Tax, wage and social debts
-€1.4m
Advances received
-€401,152
Other debts
-€62,238
Accrued charges and deferred income
-€911,449
Investment (derived)
-€15.7m
Investment in fixed assets (net)
-€15.7m
Financing
+€6.6m
Debts after one year
+€3.8m
Current portion of long-term debt
+€2.9m
Short-term financial debts
-€192,567
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,663,663 | €63,592,958 | -€70,705 | -0.1% |
| Formation expenses | 20 | €8,039,357 | €9,714,638 | +€1.7m | +20.8% |
| Fixed assets | 21/28 | €22,501,462 | €30,504,791 | +€8.0m | +35.6% |
| Intangible fixed assets | 21 | €1,038,382 | €804,317 | -€234,065 | -22.5% |
| Tangible fixed assets | 22/27 | €18,311,685 | €29,568,022 | +€11.3m | +61.5% |
| Land and buildings | 22 | €673,622 | €0 | -€673,622 | -100.0% |
| Plant, machinery and equipment | 23 | €1,821,121 | €1,246,456 | -€574,665 | -31.6% |
| Furniture and vehicles | 24 | €997,986 | €744,469 | -€253,517 | -25.4% |
| Leasing and similar rights | 25 | €14,408,128 | €26,371,427 | +€12.0m | +83.0% |
| Other tangible fixed assets | 26 | - | €1,205,669 | +€1.2m | |
| Assets under construction and advance payments | 27 | €410,827 | €0 | -€410,827 | -100.0% |
| Financial fixed assets | 28 | €3,151,396 | €132,453 | -€3.0m | -95.8% |
| Affiliated companies | 280/1 | €3,018,507 | €0 | -€3.0m | -100.0% |
| Amounts receivable | 281 | €3,018,507 | €0 | -€3.0m | -100.0% |
| Other financial fixed assets | 284/8 | €132,888 | €132,453 | -€435 | -0.3% |
| Amounts receivable and cash guarantees | 285/8 | €132,888 | €132,453 | -€435 | -0.3% |
| Current assets | 29/58 | €33,122,844 | €23,373,528 | -€9.7m | -29.4% |
| Stocks and contracts in progress | 3 | €172,551 | €348,262 | +€175,711 | +101.8% |
| Stocks | 30/36 | €172,551 | €348,262 | +€175,711 | +101.8% |
| Raw materials and consumables | 30/31 | €172,551 | €348,262 | +€175,711 | +101.8% |
| Amounts receivable within one year | 40/41 | €25,056,475 | €17,454,225 | -€7.6m | -30.3% |
| Trade receivables | 40 | €18,115,612 | €16,345,888 | -€1.8m | -9.8% |
| Other amounts receivable | 41 | €6,940,863 | €1,108,337 | -€5.8m | -84.0% |
| Cash at bank and in hand | 54/58 | €4,073,159 | €1,978,964 | -€2.1m | -51.4% |
| Deferred charges and accrued income | 490/1 | €3,820,659 | €3,592,078 | -€228,581 | -6.0% |
| Total equity and liabilities | 10/49 | €63,663,663 | €63,592,958 | -€70,705 | -0.1% |
| Equity | 10/15 | €8,743,066 | €7,034,186 | -€1.7m | -19.5% |
| Contributions | 10/11 | €520,764 | €520,764 | = | 0.0% |
| Capital | 10 | €520,764 | €520,764 | = | 0.0% |
| Issued capital | 100 | €520,764 | €520,764 | = | 0.0% |
| Reserves | 13 | €5,963,929 | €3,362,345 | -€2.6m | -43.6% |
| Non-distributable reserves | 130/1 | €52,130 | €52,130 | = | 0.0% |
| Legal reserve | 130 | €52,130 | €52,130 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,601,584 | €0 | -€2.6m | -100.0% |
| Distributable reserves | 133 | €3,310,216 | €3,310,216 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,258,373 | €3,151,077 | +€892,704 | +39.5% |
| Provisions and deferred taxes | 16 | €413,910 | €16,839 | -€397,071 | -95.9% |
| Provisions for liabilities and charges | 160/5 | €16,839 | €16,839 | = | 0.0% |
| Pensions and similar obligations | 160 | €16,839 | €16,839 | = | 0.0% |
| Deferred taxes | 168 | €397,071 | €0 | -€397,071 | -100.0% |
| Amounts payable | 17/49 | €54,506,687 | €56,541,933 | +€2.0m | +3.7% |
| Amounts payable after more than one year | 17 | €8,970,498 | €12,785,505 | +€3.8m | +42.5% |
| Financial debts | 170/4 | €8,961,904 | €12,776,911 | +€3.8m | +42.6% |
| Leasing and similar obligations | 172 | €8,818,647 | €12,776,911 | +€4.0m | +44.9% |
| Credit institutions | 173 | €143,257 | €0 | -€143,257 | -100.0% |
| Other amounts payable | 178/9 | €8,594 | €8,594 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,373,265 | €40,504,953 | -€868,312 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €2,974,396 | €5,918,273 | +€2.9m | +99.0% |
| Financial debts | 43 | €5,745,555 | €5,552,988 | -€192,567 | -3.4% |
| Credit institutions | 430/8 | €5,745,555 | €5,552,988 | -€192,567 | -3.4% |
| Trade debts | 44 | €24,993,828 | €23,189,311 | -€1.8m | -7.2% |
| Suppliers | 440/4 | €24,993,828 | €23,189,311 | -€1.8m | -7.2% |
| Advances received on contracts in progress | 46 | €401,152 | €0 | -€401,152 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,059,932 | €4,708,217 | -€1.4m | -22.3% |
| Taxes | 450/3 | €2,080,230 | €741,380 | -€1.3m | -64.4% |
| Remuneration and social security | 454/9 | €3,979,702 | €3,966,838 | -€12,865 | -0.3% |
| Other amounts payable | 47/48 | €1,198,401 | €1,136,163 | -€62,238 | -5.2% |
| Accrued charges and deferred income | 492/3 | €4,162,924 | €3,251,475 | -€911,449 | -21.9% |
| Operating income | 70/76A | €103,587,393 | €117,279,269 | +€13.7m | +13.2% |
| Turnover | 70 | €99,411,375 | €103,746,811 | +€4.3m | +4.4% |
| Own construction capitalised | 72 | €2,328,434 | €3,400,406 | +€1.1m | +46.0% |
| Other operating income | 74 | €1,765,256 | €3,309,488 | +€1.5m | +87.5% |
| Non-recurring operating income | 76A | €82,329 | €6,822,565 | +€6.7m | +8187.0% |
| Operating charges | 60/66A | €101,932,222 | €116,079,040 | +€14.1m | +13.9% |
| Goods for resale, raw materials and consumables | 60 | €37,520,844 | €33,945,603 | -€3.6m | -9.5% |
| Purchases | 600/8 | €37,540,693 | €34,145,857 | -€3.4m | -9.0% |
| Change in stocks: decrease (increase) | 609 | -€19,849 | -€200,254 | -€180,406 | -908.9% |
| Services and other goods | 61 | €34,614,887 | €41,750,774 | +€7.1m | +20.6% |
| Remuneration, social security and pensions | 62 | €20,241,438 | €21,969,523 | +€1.7m | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,402,776 | €6,020,487 | +€617,711 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €112,894 | -€79,815 | -€192,709 | |
| Other operating charges | 640/8 | €1,539,643 | €4,458,684 | +€2.9m | +189.6% |
| Non-recurring operating charges | 66A | €2,499,739 | €8,013,784 | +€5.5m | +220.6% |
| Operating profit (loss) | 9901 | €1,655,171 | €1,200,229 | -€454,942 | -27.5% |
| Financial income | 75/76B | €72,656 | €84,768 | +€12,112 | +16.7% |
| Recurring financial income | 75 | €72,656 | €84,768 | +€12,112 | +16.7% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €28,931 | €0 | -€28,931 | -100.0% |
| Other financial income | 752/9 | €43,725 | €84,768 | +€41,043 | +93.9% |
| Financial charges | 65/66B | €2,970,935 | €3,233,665 | +€262,730 | +8.8% |
| Recurring financial charges | 65 | €2,970,935 | €3,233,665 | +€262,730 | +8.8% |
| Debt charges | 650 | €2,792,744 | €3,086,896 | +€294,151 | +10.5% |
| Other financial charges | 652/9 | €178,191 | €146,769 | -€31,422 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,243,107 | -€1,948,668 | -€705,560 | -56.8% |
| Transfer from deferred taxes | 780 | €103,265 | €397,071 | +€293,806 | +284.5% |
| Income taxes | 67/77 | €12,953 | €157,283 | +€144,331 | +1114.3% |
| Taxes | 670/3 | €12,953 | €157,283 | +€144,331 | +1114.3% |
| Profit (loss) for the period | 9904 | -€1,152,795 | -€1,708,880 | -€556,085 | -48.2% |
| Transfer from tax-exempt reserves | 789 | €309,795 | €2,601,584 | +€2.3m | +739.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€842,999 | €892,704 | +€1.7m |
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 6 October 2026 via checked.be.