EURIBEL: 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.
EURIBEL
Largest movements
- Cash +€29,958
up €29,958 (+81.2%), from €36,910 to €66,868
mainly Net result for the year (+€50,763) and Receivables within one year (+€16,131)
- Receivables within one year -€16,131
down €16,131 (-29.2%), from €55,182 to €39,051
of which Trade receivables: -€16,489
- Stocks and contracts +€8,135
new in 2025: €8,135
- Reserves +€20,000
up €20,000 (+9.7%), from €207,103 to €227,103
of which Distributable reserves: +€20,000
- Trade debts +€6,812
up €6,812 (+68.9%), from €9,880 to €16,692
- Other debts -€5,563
down €5,563 (-61.3%), from €9,078 to €3,515
- Gross operating margin +€11,029
up €11,029 (+17.1%), from €64,379 to €75,408
- Taxes +€3,559
up €3,559 (+17.1%), from €20,783 to €24,342
- Financial charges -€1,804
down €1,804 (-61.0%), from €2,958 to €1,154
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 | €227,323 | €248,514 | +€21,191 | +9.3% |
| Fixed assets | 21/28 | €4,585 | €3,373 | -€1,212 | -26.4% |
| Tangible fixed assets | 22/27 | €4,050 | €3,188 | -€862 | -21.3% |
| Plant, machinery and equipment | 23 | €3 | - | -€3 | |
| Furniture and vehicles | 24 | €4,047 | €3,188 | -€859 | -21.2% |
| Financial fixed assets | 28 | €535 | €185 | -€350 | -65.4% |
| Current assets | 29/58 | €222,737 | €245,141 | +€22,404 | +10.1% |
| Stocks and contracts in progress | 3 | - | €8,135 | +€8,135 | |
| Stocks | 30/36 | - | €8,135 | +€8,135 | |
| Amounts receivable within one year | 40/41 | €55,182 | €39,051 | -€16,131 | -29.2% |
| Trade receivables | 40 | €50,965 | €34,476 | -€16,489 | -32.4% |
| Other amounts receivable | 41 | €4,217 | €4,575 | +€358 | +8.5% |
| Current investments | 50/53 | €130,000 | €130,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,910 | €66,868 | +€29,958 | +81.2% |
| Deferred charges and accrued income | 490/1 | €645 | €1,087 | +€441 | +68.4% |
| Total equity and liabilities | 10/49 | €227,323 | €248,514 | +€21,191 | +9.3% |
| Equity | 10/15 | €207,115 | €227,211 | +€20,097 | +9.7% |
| Reserves | 13 | €207,103 | €227,103 | +€20,000 | +9.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €200,906 | €220,906 | +€20,000 | +10.0% |
| Profit (loss) carried forward | 14 | €12 | €108 | +€97 | +819% |
| Amounts payable | 17/49 | €20,208 | €21,303 | +€1,095 | +5.4% |
| Amounts payable within one year | 42/48 | €19,673 | €21,036 | +€1,363 | +6.9% |
| Trade debts | 44 | €9,880 | €16,692 | +€6,812 | +68.9% |
| Suppliers | 440/4 | €9,880 | €16,692 | +€6,812 | +68.9% |
| Taxes, remuneration and social security | 45 | €714 | €828 | +€114 | +16.0% |
| Taxes | 450/3 | €714 | €828 | +€114 | +16.0% |
| Other amounts payable | 47/48 | €9,078 | €3,515 | -€5,563 | -61.3% |
| Accrued charges and deferred income | 492/3 | €535 | €267 | -€269 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,443 | €862 | -€581 | -40.2% |
| Gross operating margin | 9900 | €64,379 | €75,408 | +€11,029 | +17.1% |
| Operating profit (loss) | 9901 | €62,936 | €74,545 | +€11,609 | +18.4% |
| Financial income | 75/76B | €2,383 | €1,714 | -€670 | -28.1% |
| Recurring financial income | 75 | €2,383 | €1,714 | -€670 | -28.1% |
| Financial charges | 65/66B | €2,958 | €1,154 | -€1,804 | -61.0% |
| Recurring financial charges | 65 | €2,958 | €1,154 | -€1,804 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €62,361 | €75,104 | +€12,743 | +20.4% |
| Income taxes | 67/77 | €20,783 | €24,342 | +€3,559 | +17.1% |
| Profit (loss) for the period | 9904 | €41,578 | €50,763 | +€9,185 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,578 | €50,763 | +€9,185 | +22.1% |
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 26 October 2026 via checked.be.