EUREXCON: 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.
EUREXCON
Largest movements
- Receivables within one year -€101,265
down €101,265 (-57.6%), from €175,760 to €74,495
of which Other amounts receivable: -€86,855
- Tangible fixed assets -€32,287
down €32,287 (-11.6%), from €278,217 to €245,931
- Cash +€5,735
up €5,735 (+35.9%), from €15,985 to €21,719
mainly Receivables within one year (+€101,265) and Depreciation (+€32,287)
- Short-term financial debts -€75,000
no longer reported in 2025 (was €75,000)
- Reserves -€29,664
down €29,664 (-27.2%), from €108,971 to €79,307
of which Distributable reserves: -€29,664
- Debts after one year -€21,079
down €21,079 (-10.9%), from €193,508 to €172,429
- Tax, wage and social debts -€8,482
down €8,482 (-87.5%), from €9,693 to €1,210
- Other debts +€5,494
up €5,494 (+456.8%), from €1,203 to €6,697
- Depreciation +€8,664
up €8,664 (+36.7%), from €23,623 to €32,287
- Financial income -€5,167
down €5,167 (-100.0%), from €5,168 to €0
- Financial charges -€1,935
down €1,935 (-17.2%), from €11,220 to €9,285
of which Financial charges: -€1,649
- Other operating charges +€1,614
up €1,614 (+60.0%), from €2,689 to €4,303
- Gross operating margin -€1,372
down €1,372 (-5.4%), from €25,322 to €23,950
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 | €477,617 | €345,723 | -€131,895 | -27.6% |
| Fixed assets | 21/28 | €278,217 | €245,931 | -€32,287 | -11.6% |
| Tangible fixed assets | 22/27 | €278,217 | €245,931 | -€32,287 | -11.6% |
| Land and buildings | 22 | €156,737 | €144,619 | -€12,119 | -7.7% |
| Plant, machinery and equipment | 23 | €4,959 | €2,739 | -€2,219 | -44.8% |
| Furniture and vehicles | 24 | €69,416 | €53,946 | -€15,470 | -22.3% |
| Other tangible fixed assets | 26 | €47,106 | €44,626 | -€2,479 | -5.3% |
| Current assets | 29/58 | €199,400 | €99,792 | -€99,608 | -50.0% |
| Amounts receivable within one year | 40/41 | €175,760 | €74,495 | -€101,265 | -57.6% |
| Trade receivables | 40 | €74,492 | €60,082 | -€14,410 | -19.3% |
| Other amounts receivable | 41 | €101,268 | €14,413 | -€86,855 | -85.8% |
| Cash at bank and in hand | 54/58 | €15,985 | €21,719 | +€5,735 | +35.9% |
| Deferred charges and accrued income | 490/1 | €7,655 | €3,577 | -€4,078 | -53.3% |
| Total equity and liabilities | 10/49 | €477,617 | €345,723 | -€131,895 | -27.6% |
| Equity | 10/15 | €127,571 | €97,907 | -€29,664 | -23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,971 | €79,307 | -€29,664 | -27.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €107,111 | €77,447 | -€29,664 | -27.7% |
| Amounts payable | 17/49 | €350,046 | €247,815 | -€102,231 | -29.2% |
| Amounts payable after more than one year | 17 | €193,508 | €172,429 | -€21,079 | -10.9% |
| Financial debts | 170/4 | €193,508 | €172,429 | -€21,079 | -10.9% |
| Amounts payable within one year | 42/48 | €156,538 | €75,387 | -€81,151 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €22,739 | €22,583 | -€157 | -0.7% |
| Financial debts | 43 | €75,000 | - | -€75,000 | |
| Credit institutions | 430/8 | €75,000 | - | -€75,000 | |
| Trade debts | 44 | €47,903 | €44,897 | -€3,006 | -6.3% |
| Suppliers | 440/4 | €47,903 | €44,897 | -€3,006 | -6.3% |
| Taxes, remuneration and social security | 45 | €9,693 | €1,210 | -€8,482 | -87.5% |
| Taxes | 450/3 | €9,693 | €1,210 | -€8,482 | -87.5% |
| Other amounts payable | 47/48 | €1,203 | €6,697 | +€5,494 | +456.8% |
| Non-recurring operating income | 76A | €819 | - | -€819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,623 | €32,287 | +€8,664 | +36.7% |
| Other operating charges | 640/8 | €2,689 | €4,303 | +€1,614 | +60.0% |
| Gross operating margin | 9900 | €25,322 | €23,950 | -€1,372 | -5.4% |
| Operating profit (loss) | 9901 | -€990 | -€12,641 | -€11,650 | -1176.4% |
| Financial income | 75/76B | €5,168 | €0 | -€5,167 | -100.0% |
| Recurring financial income | 75 | €5,168 | €0 | -€5,167 | -100.0% |
| Financial charges | 65/66B | €11,220 | €9,285 | -€1,935 | -17.2% |
| Recurring financial charges | 65 | €10,934 | €9,285 | -€1,649 | -15.1% |
| Non-recurring financial charges | 66B | €286 | - | -€286 | |
| Profit (loss) for the period before taxes | 9903 | -€7,043 | -€21,926 | -€14,883 | -211.3% |
| Income taxes | 67/77 | €133 | €237 | +€104 | +78.1% |
| Profit (loss) for the period | 9904 | -€7,176 | -€22,163 | -€14,987 | -208.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,176 | -€22,163 | -€14,987 | -208.8% |
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 11 October 2026 via checked.be.