EURAF: 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.
EURAF
Largest movements
- Cash -€20,626
down €20,626 (-10.8%), from €191,194 to €170,568
mainly Other debts (-€25,402) and Deferred charges and accrued income (-€120)
- Other debts -€25,402
down €25,402 (-80.3%), from €31,638 to €6,236
- Profit (loss) carried forward +€2,427
up €2,427 (+8.9%), from -€27,159 to -€24,732
- Taxes +€696
up €696 (+287%), from €243 to €939
- Gross operating margin -€676
down €676 (-13.8%), from €4,878 to €4,202
- Financial income -€166
down €166 (-14.1%), from €1,175 to €1,009
- Financial charges -€63
down €63 (-27.8%), from €227 to €164
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 | €205,763 | €184,111 | -€21,653 | -10.5% |
| Fixed assets | 21/28 | €13,493 | €12,593 | -€899 | -6.7% |
| Tangible fixed assets | 22/27 | €13,493 | €12,593 | -€899 | -6.7% |
| Land and buildings | 22 | €13,493 | €12,593 | -€899 | -6.7% |
| Current assets | 29/58 | €192,271 | €171,517 | -€20,753 | -10.8% |
| Amounts receivable within one year | 40/41 | €357 | €110 | -€248 | -69.3% |
| Other amounts receivable | 41 | €357 | €110 | -€248 | -69.3% |
| Cash at bank and in hand | 54/58 | €191,194 | €170,568 | -€20,626 | -10.8% |
| Deferred charges and accrued income | 490/1 | €720 | €840 | +€120 | +16.7% |
| Total equity and liabilities | 10/49 | €205,763 | €184,111 | -€21,653 | -10.5% |
| Equity | 10/15 | €174,126 | €176,552 | +€2,427 | +1.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €139,784 | €139,784 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €133,634 | €133,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,159 | -€24,732 | +€2,427 | +8.9% |
| Amounts payable | 17/49 | €31,638 | €7,559 | -€24,079 | -76.1% |
| Amounts payable within one year | 42/48 | €31,638 | €6,969 | -€24,669 | -78.0% |
| Trade debts | 44 | €0 | €96 | +€96 | |
| Suppliers | 440/4 | €0 | €96 | +€96 | |
| Taxes, remuneration and social security | 45 | - | €637 | +€637 | |
| Taxes | 450/3 | - | €637 | +€637 | |
| Other amounts payable | 47/48 | €31,638 | €6,236 | -€25,402 | -80.3% |
| Accrued charges and deferred income | 492/3 | - | €590 | +€590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €899 | €899 | = | 0.0% |
| Other operating charges | 640/8 | €760 | €782 | +€22 | +2.9% |
| Gross operating margin | 9900 | €4,878 | €4,202 | -€676 | -13.8% |
| Operating profit (loss) | 9901 | €3,218 | €2,521 | -€697 | -21.7% |
| Financial income | 75/76B | €1,175 | €1,009 | -€166 | -14.1% |
| Recurring financial income | 75 | €1,175 | €1,009 | -€166 | -14.1% |
| Financial charges | 65/66B | €227 | €164 | -€63 | -27.8% |
| Recurring financial charges | 65 | €227 | €164 | -€63 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €4,166 | €3,366 | -€800 | -19.2% |
| Income taxes | 67/77 | €243 | €939 | +€696 | +287% |
| Profit (loss) for the period | 9904 | €3,923 | €2,427 | -€1,497 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,923 | €2,427 | -€1,497 | -38.1% |
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 23 October 2026 via checked.be.