EU REVIEW: 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 REVIEW
Largest movements
- Receivables within one year -€5,805
down €5,805 (-24.9%), from €23,329 to €17,525
- Tangible fixed assets -€5,416
down €5,416 (-43.0%), from €12,609 to €7,193
- Deferred charges and accrued income +€1,284
up €1,284 (+9.3%), from €13,859 to €15,143
- Profit (loss) carried forward -€9,242
down €9,242 (-26.5%), from €34,939 to €25,698
- Trade debts -€691
down €691 (-30.8%), from €2,248 to €1,557
- Gross operating margin +€14,455
up €14,455 (+77.2%), from -€18,728 to -€4,273
- Depreciation +€1,776
up €1,776 (+48.8%), from €3,640 to €5,416
- Financial income -€317
down €317 (-21.8%), from €1,458 to €1,141
- Other operating charges -€249
down €249 (-32.3%), from €771 to €522
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,822 | €39,885 | -€9,937 | -19.9% |
| Fixed assets | 21/28 | €12,634 | €7,218 | -€5,416 | -42.9% |
| Tangible fixed assets | 22/27 | €12,609 | €7,193 | -€5,416 | -43.0% |
| Furniture and vehicles | 24 | €12,609 | €7,193 | -€5,416 | -43.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €37,188 | €32,668 | -€4,520 | -12.2% |
| Amounts receivable within one year | 40/41 | €23,329 | €17,525 | -€5,805 | -24.9% |
| Other amounts receivable | 41 | €23,329 | €17,525 | -€5,805 | -24.9% |
| Deferred charges and accrued income | 490/1 | €13,859 | €15,143 | +€1,284 | +9.3% |
| Total equity and liabilities | 10/49 | €49,822 | €39,885 | -€9,937 | -19.9% |
| Equity | 10/15 | €47,399 | €38,158 | -€9,242 | -19.5% |
| Contributions | 10/11 | €10,600 | €10,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,939 | €25,698 | -€9,242 | -26.5% |
| Amounts payable | 17/49 | €2,422 | €1,727 | -€695 | -28.7% |
| Amounts payable within one year | 42/48 | €2,422 | €1,727 | -€695 | -28.7% |
| Trade debts | 44 | €2,248 | €1,557 | -€691 | -30.8% |
| Suppliers | 440/4 | €2,248 | €1,557 | -€691 | -30.8% |
| Taxes, remuneration and social security | 45 | €174 | €171 | -€4 | -2.1% |
| Taxes | 450/3 | €174 | €171 | -€4 | -2.1% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,640 | €5,416 | +€1,776 | +48.8% |
| Other operating charges | 640/8 | €771 | €522 | -€249 | -32.3% |
| Gross operating margin | 9900 | -€18,728 | -€4,273 | +€14,455 | +77.2% |
| Operating profit (loss) | 9901 | -€23,139 | -€10,212 | +€12,927 | +55.9% |
| Financial income | 75/76B | €1,458 | €1,141 | -€317 | -21.8% |
| Recurring financial income | 75 | €1,458 | €1,141 | -€317 | -21.8% |
| Financial charges | 65/66B | €12 | - | -€12 | |
| Recurring financial charges | 65 | €12 | - | -€12 | |
| Profit (loss) for the period before taxes | 9903 | -€21,693 | -€9,071 | +€12,623 | +58.2% |
| Income taxes | 67/77 | €306 | €171 | -€135 | -44.2% |
| Profit (loss) for the period | 9904 | -€21,999 | -€9,242 | +€12,758 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,999 | -€9,242 | +€12,758 | +58.0% |
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 17 October 2026 via checked.be.