Euregio Separation: 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.
Euregio Separation
Largest movements
- Tangible fixed assets +€489,099
new in 2025: €489,099
- Receivables within one year -€46,056
down €46,056 (-85.6%), from €53,788 to €7,732
of which Trade receivables: -€49,130
- Cash -€6,124
down €6,124 (-71.6%), from €8,550 to €2,427
mainly Investment in fixed assets (net) (-€603,520) and Net result for the year (-€165,458)
- Debts after one year +€378,313
new in 2025: €378,313
- Profit (loss) carried forward -€165,458
down €165,458 (-4538.6%), from -€3,646 to -€169,104
- Current portion of long-term debt +€114,784
new in 2025: €114,784
- Other debts +€74,500
new in 2025: €74,500
- Trade debts +€36,989
up €36,989 (+979.8%), from €3,775 to €40,765
- Depreciation +€114,421
new in 2025: €114,421
- Financial charges +€50,316
up €50,316 (+9995.4%), from €503 to €50,819
- Taxes -€837
down €837, from €419 to -€419
- Gross operating margin -€91
down €91 (-107.7%), from -€84 to -€175
- Other operating charges +€12
up €12 (+2.8%), from €449 to €462
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 | €62,338 | €499,258 | +€436,920 | +700.9% |
| Fixed assets | 21/28 | - | €489,099 | +€489,099 | |
| Tangible fixed assets | 22/27 | - | €489,099 | +€489,099 | |
| Leasing and similar rights | 25 | - | €489,099 | +€489,099 | |
| Current assets | 29/58 | €62,338 | €10,159 | -€52,180 | -83.7% |
| Amounts receivable within one year | 40/41 | €53,788 | €7,732 | -€46,056 | -85.6% |
| Trade receivables | 40 | €53,788 | €4,659 | -€49,130 | -91.3% |
| Other amounts receivable | 41 | €0 | €3,074 | +€3,074 | |
| Cash at bank and in hand | 54/58 | €8,550 | €2,427 | -€6,124 | -71.6% |
| Total equity and liabilities | 10/49 | €62,338 | €499,258 | +€436,920 | +700.9% |
| Equity | 10/15 | €56,354 | -€109,104 | -€165,458 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,646 | -€169,104 | -€165,458 | -4538.6% |
| Amounts payable | 17/49 | €5,984 | €608,362 | +€602,378 | +10066.5% |
| Amounts payable after more than one year | 17 | - | €378,313 | +€378,313 | |
| Financial debts | 170/4 | - | €378,313 | +€378,313 | |
| Amounts payable within one year | 42/48 | €5,984 | €230,049 | +€224,065 | +3744.4% |
| Current portion of amounts payable after more than one year | 42 | - | €114,784 | +€114,784 | |
| Trade debts | 44 | €3,775 | €40,765 | +€36,989 | +979.8% |
| Suppliers | 440/4 | €3,775 | €40,765 | +€36,989 | +979.8% |
| Taxes, remuneration and social security | 45 | €2,209 | €0 | -€2,209 | -100.0% |
| Taxes | 450/3 | €2,209 | €0 | -€2,209 | -100.0% |
| Other amounts payable | 47/48 | - | €74,500 | +€74,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €114,421 | +€114,421 | |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | -€84 | -€175 | -€91 | -107.7% |
| Operating profit (loss) | 9901 | -€534 | -€115,058 | -€114,524 | -21460.1% |
| Financial charges | 65/66B | €503 | €50,819 | +€50,316 | +9995.4% |
| Recurring financial charges | 65 | €503 | €50,819 | +€50,316 | +9995.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,037 | -€165,877 | -€164,840 | -15895.1% |
| Income taxes | 67/77 | €419 | -€419 | -€837 | |
| Profit (loss) for the period | 9904 | -€1,456 | -€165,458 | -€164,003 | -11266.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,456 | -€165,458 | -€164,003 | -11266.2% |
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 10 October 2026 via checked.be.