NEW EURAC: 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.
NEW EURAC
Largest movements
- Receivables within one year +€62,760
up €62,760 (+12.1%), from €518,339 to €581,099
of which Trade receivables: +€60,230
- Cash -€50,285
down €50,285 (-44.6%), from €112,785 to €62,500
mainly Receivables within one year (-€62,760) and Current portion of long-term debt (-€47,066)
- Tangible fixed assets +€21,250
up €21,250 (+11.2%), from €190,174 to €211,423
of which Land and buildings: +€18,776
- Short-term financial debts +€60,000
up €60,000 (+10.8%), from €555,000 to €615,000
of which Credit institutions: +€615,000
- Current portion of long-term debt -€47,066
down €47,066 (-47.1%), from €99,831 to €52,765
- Profit (loss) carried forward +€26,312
up €26,312 (+29.6%), from €88,957 to €115,269
- Other debts -€20,862
down €20,862 (-41.5%), from €50,306 to €29,444
- Gross operating margin -€158,836
down €158,836 (-21.2%), from €747,879 to €589,043
- Write-downs -€89,167
down €89,167 (-100%), from €89,167 to €0
- Staff costs -€40,416
down €40,416 (-8.8%), from €459,035 to €418,619
- Taxes -€23,172
down €23,172 (-63.3%), from €36,603 to €13,431
- Financial charges -€18,327
down €18,327 (-17.9%), from €102,478 to €84,151
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 | €1,268,020 | €1,313,705 | +€45,685 | +3.6% |
| Fixed assets | 21/28 | €190,174 | €211,423 | +€21,250 | +11.2% |
| Tangible fixed assets | 22/27 | €190,174 | €211,423 | +€21,250 | +11.2% |
| Land and buildings | 22 | €139,070 | €157,847 | +€18,776 | +13.5% |
| Plant, machinery and equipment | 23 | €49,719 | €45,571 | -€4,148 | -8.3% |
| Furniture and vehicles | 24 | €1,384 | €8,005 | +€6,621 | +478% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €1,077,846 | €1,102,282 | +€24,435 | +2.3% |
| Stocks and contracts in progress | 3 | €437,811 | €450,687 | +€12,876 | +2.9% |
| Stocks | 30/36 | €437,811 | €450,687 | +€12,876 | +2.9% |
| Amounts receivable within one year | 40/41 | €518,339 | €581,099 | +€62,760 | +12.1% |
| Trade receivables | 40 | €90,056 | €150,286 | +€60,230 | +66.9% |
| Other amounts receivable | 41 | €428,283 | €430,813 | +€2,530 | +0.6% |
| Cash at bank and in hand | 54/58 | €112,785 | €62,500 | -€50,285 | -44.6% |
| Deferred charges and accrued income | 490/1 | €8,911 | €7,996 | -€915 | -10.3% |
| Total equity and liabilities | 10/49 | €1,268,020 | €1,313,705 | +€45,685 | +3.6% |
| Equity | 10/15 | €327,844 | €354,156 | +€26,312 | +8.0% |
| Contributions | 10/11 | €205,000 | €205,000 | = | 0.0% |
| Reserves | 13 | €33,887 | €33,887 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,166 | €8,166 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,166 | €0 | -€8,166 | -100% |
| Other | 1319 | - | €8,166 | +€8,166 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €6,971 | €6,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,957 | €115,269 | +€26,312 | +29.6% |
| Amounts payable | 17/49 | €940,177 | €959,549 | +€19,373 | +2.1% |
| Amounts payable after more than one year | 17 | €3,642 | €13,991 | +€10,349 | +284% |
| Financial debts | 170/4 | €3,642 | €13,991 | +€10,349 | +284% |
| Amounts payable within one year | 42/48 | €936,534 | €945,558 | +€9,024 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €99,831 | €52,765 | -€47,066 | -47.1% |
| Financial debts | 43 | €555,000 | €615,000 | +€60,000 | +10.8% |
| Credit institutions | 430/8 | - | €615,000 | +€615,000 | |
| Other loans | 439 | €555,000 | €0 | -€555,000 | -100% |
| Trade debts | 44 | €201,761 | €213,242 | +€11,481 | +5.7% |
| Suppliers | 440/4 | €201,761 | €213,242 | +€11,481 | +5.7% |
| Taxes, remuneration and social security | 45 | €29,636 | €35,107 | +€5,471 | +18.5% |
| Taxes | 450/3 | €0 | €1,055 | +€1,055 | |
| Remuneration and social security | 454/9 | €29,636 | €34,052 | +€4,415 | +14.9% |
| Other amounts payable | 47/48 | €50,306 | €29,444 | -€20,862 | -41.5% |
| Remuneration, social security and pensions | 62 | €459,035 | €418,619 | -€40,416 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,280 | €20,992 | +€3,713 | +21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €89,167 | €0 | -€89,167 | -100% |
| Other operating charges | 640/8 | €15,172 | €13,913 | -€1,259 | -8.3% |
| Non-recurring operating charges | 66A | - | €11,624 | +€11,624 | |
| Gross operating margin | 9900 | €747,879 | €589,043 | -€158,836 | -21.2% |
| Operating profit (loss) | 9901 | €167,225 | €123,894 | -€43,331 | -25.9% |
| Financial income | 75/76B | €86 | €0 | -€86 | -99.7% |
| Recurring financial income | 75 | €86 | €0 | -€86 | -99.7% |
| Financial charges | 65/66B | €102,478 | €84,151 | -€18,327 | -17.9% |
| Recurring financial charges | 65 | €102,478 | €84,151 | -€18,327 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €64,833 | €39,743 | -€25,090 | -38.7% |
| Income taxes | 67/77 | €36,603 | €13,431 | -€23,172 | -63.3% |
| Profit (loss) for the period | 9904 | €28,230 | €26,312 | -€1,918 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,230 | €26,312 | -€1,918 | -6.8% |
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 27 October 2026 via checked.be.