EU Focus Group: 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.
EU Focus Group
Largest movements
- Receivables within one year -€480,059
down €480,059 (-34.7%), from €1.4m to €904,354
of which Trade receivables: -€308,988
- Cash -€42,019
down €42,019 (-16.1%), from €261,014 to €218,995
mainly Trade debts (-€472,332) and Contributions, distributions and other (-€224,321)
- Deferred charges and accrued income -€30,752
down €30,752 (-89.9%), from €34,204 to €3,453
- Trade debts -€472,332
down €472,332 (-34.9%), from €1.4m to €879,147
- Reserves -€75,500
no longer reported in 2025 (was €75,500)
- Other debts -€45,377
down €45,377 (-18.5%), from €245,399 to €200,023
- Tax, wage and social debts +€33,856
up €33,856 (+7,631%), from €444 to €34,300
- Other operating charges +€76,852
up €76,852 (+35.3%), from €217,923 to €294,775
- Taxes -€22,756
down €22,756 (-31.0%), from €73,370 to €50,614
- Gross operating margin -€13,456
down €13,456 (-2.6%), from €509,783 to €496,327
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 | €1,680,072 | €1,127,242 | -€552,830 | -32.9% |
| Fixed assets | 21/28 | €440 | €440 | = | 0.0% |
| Financial fixed assets | 28 | €440 | €440 | = | 0.0% |
| Current assets | 29/58 | €1,679,632 | €1,126,802 | -€552,830 | -32.9% |
| Amounts receivable within one year | 40/41 | €1,384,413 | €904,354 | -€480,059 | -34.7% |
| Trade receivables | 40 | €1,193,519 | €884,531 | -€308,988 | -25.9% |
| Other amounts receivable | 41 | €190,894 | €19,823 | -€171,071 | -89.6% |
| Cash at bank and in hand | 54/58 | €261,014 | €218,995 | -€42,019 | -16.1% |
| Deferred charges and accrued income | 490/1 | €34,204 | €3,453 | -€30,752 | -89.9% |
| Total equity and liabilities | 10/49 | €1,680,072 | €1,127,242 | -€552,830 | -32.9% |
| Equity | 10/15 | €82,493 | €6,993 | -€75,500 | -91.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €75,500 | - | -€75,500 | |
| Distributable reserves | 133 | €75,500 | - | -€75,500 | |
| Profit (loss) carried forward | 14 | €1,993 | €1,993 | = | 0.0% |
| Amounts payable | 17/49 | €1,597,579 | €1,120,249 | -€477,330 | -29.9% |
| Amounts payable within one year | 42/48 | €1,597,322 | €1,120,160 | -€477,162 | -29.9% |
| Trade debts | 44 | €1,351,479 | €879,147 | -€472,332 | -34.9% |
| Suppliers | 440/4 | €1,351,479 | €879,147 | -€472,332 | -34.9% |
| Advances received on contracts in progress | 46 | - | €6,691 | +€6,691 | |
| Taxes, remuneration and social security | 45 | €444 | €34,300 | +€33,856 | +7,631% |
| Taxes | 450/3 | €444 | €34,300 | +€33,856 | +7,631% |
| Other amounts payable | 47/48 | €245,399 | €200,023 | -€45,377 | -18.5% |
| Accrued charges and deferred income | 492/3 | €257 | €89 | -€168 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206 | - | -€206 | |
| Other operating charges | 640/8 | €217,923 | €294,775 | +€76,852 | +35.3% |
| Gross operating margin | 9900 | €509,783 | €496,327 | -€13,456 | -2.6% |
| Operating profit (loss) | 9901 | €291,654 | €201,552 | -€90,102 | -30.9% |
| Financial income | 75/76B | €191 | €25 | -€166 | -86.9% |
| Recurring financial income | 75 | €191 | €25 | -€166 | -86.9% |
| Financial charges | 65/66B | €2,561 | €2,142 | -€419 | -16.4% |
| Recurring financial charges | 65 | €2,561 | €2,142 | -€419 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €289,284 | €199,435 | -€89,849 | -31.1% |
| Income taxes | 67/77 | €73,370 | €50,614 | -€22,756 | -31.0% |
| Profit (loss) for the period | 9904 | €215,914 | €148,821 | -€67,093 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €215,914 | €148,821 | -€67,093 | -31.1% |
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 19 October 2026 via checked.be.