EURAFOR: 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.
EURAFOR
Largest movements
- Cash -€3,521
down €3,521 (-85.0%), from €4,141 to €620
mainly Net result for the year (-€1,573) and Other debts (-€920)
- Profit (loss) carried forward -€1,573
down €1,573 (-0.3%), from -€459,001 to -€460,574
- Other debts -€920
down €920 (-0.2%), from €389,199 to €388,279
- Tax, wage and social debts -€741
no longer reported in 2025 (was €741)
- Gross operating margin -€5,513
down €5,513, from €4,217 to -€1,295
- Financial income +€122
up €122 (+38109.4%), from €0 to €122
- Financial charges -€87
no longer reported in 2025 (was €87)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,142 | €16,730 | -€3,412 | -16.9% |
| Fixed assets | 21/28 | €15,156 | €15,156 | = | 0.0% |
| Tangible fixed assets | 22/27 | €15,001 | €15,001 | = | 0.0% |
| Land and buildings | 22 | €15,001 | €15,001 | = | 0.0% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €4,986 | €1,574 | -€3,412 | -68.4% |
| Amounts receivable within one year | 40/41 | €845 | €922 | +€77 | +9.1% |
| Trade receivables | 40 | €839 | €839 | = | 0.0% |
| Other amounts receivable | 41 | €6 | €84 | +€77 | +1187.8% |
| Current investments | 50/53 | - | €32 | +€32 | |
| Cash at bank and in hand | 54/58 | €4,141 | €620 | -€3,521 | -85.0% |
| Total equity and liabilities | 10/49 | €20,142 | €16,730 | -€3,412 | -16.9% |
| Equity | 10/15 | -€373,062 | -€374,635 | -€1,573 | -0.4% |
| Contributions | 10/11 | €66,931 | €66,931 | = | 0.0% |
| Capital | 10 | €66,931 | €66,931 | = | 0.0% |
| Issued capital | 100 | €66,931 | €66,931 | = | 0.0% |
| Revaluation surpluses | 12 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €4,008 | €4,008 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,008 | €4,008 | = | 0.0% |
| Legal reserve | 130 | €4,008 | €4,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€459,001 | -€460,574 | -€1,573 | -0.3% |
| Amounts payable | 17/49 | €393,204 | €391,365 | -€1,840 | -0.5% |
| Amounts payable within one year | 42/48 | €393,204 | €391,365 | -€1,840 | -0.5% |
| Trade debts | 44 | €3,264 | €3,086 | -€179 | -5.5% |
| Suppliers | 440/4 | €3,264 | €3,086 | -€179 | -5.5% |
| Taxes, remuneration and social security | 45 | €741 | - | -€741 | |
| Taxes | 450/3 | €741 | - | -€741 | |
| Other amounts payable | 47/48 | €389,199 | €388,279 | -€920 | -0.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €4,217 | -€1,295 | -€5,513 | |
| Operating profit (loss) | 9901 | €3,830 | -€1,695 | -€5,525 | |
| Financial income | 75/76B | €0 | €122 | +€122 | +38109.4% |
| Recurring financial income | 75 | €0 | €122 | +€122 | +38109.4% |
| Financial charges | 65/66B | €87 | - | -€87 | |
| Recurring financial charges | 65 | €87 | - | -€87 | |
| Profit (loss) for the period before taxes | 9903 | €3,743 | -€1,573 | -€5,316 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €3,743 | -€1,573 | -€5,316 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,743 | -€1,573 | -€5,316 |
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.