EURMACON: 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.
What changed
EURMACON
NACE 90.120, Visual arts creation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€20,010
2024 · -€27,961+€7,951
Equity
€399,099
2024 · €419,109-€20,010
Cash
€7,047
2024 · €2,960+€4,087
Balance sheet total
€776,244
2024 · €801,459-€25,216
Largest movements
Assets
- Tangible fixed assets -€25,861
down €25,861 (-3.5%), from €741,204 to €715,343
of which Land and buildings: -€24,715
Equity and liabilities
- Reserves -€20,120
down €20,120 (-4.9%), from €412,809 to €392,688
of which Distributable reserves: -€17,500
- Debts after one year -€10,091
down €10,091 (-21.0%), from €48,097 to €38,006
Income statement
- Gross operating margin +€5,881
up €5,881 (+100%), from €5,856 to €11,737
- Depreciation -€1,011
down €1,011 (-3.8%), from €26,872 to €25,861
- Other operating charges -€949
down €949 (-13.7%), from €6,945 to €5,996
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.
Result 2024
-€27,961
Gross operating margin
+€5,881
Depreciation
+€1,011
Other operating charges
+€949
Financial income
+€0
Financial charges
+€110
Taxes
-€0
Result 2025
-€20,010
raises the resultlowers the result
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.
From operations
+€14,063
Investment
€0
Financing
-€9,975
Cash 2024
€2,960
From operations (derived)
+€14,063
Net result for the year
-€20,010
Depreciation
+€25,861
Receivables within one year
+€4,044
Deferred charges and accrued income
-€602
Provisions
-€873
Trade debts
+€127
Tax, wage and social debts
-€889
Other debts
+€6,404
Financing
-€9,975
Debts after one year
-€10,091
Current portion of long-term debt
+€115
Cash 2025
€7,047
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €801,459 | €776,244 | -€25,216 | -3.1% |
| Fixed assets | 21/28 | €741,254 | €715,393 | -€25,861 | -3.5% |
| Tangible fixed assets | 22/27 | €741,204 | €715,343 | -€25,861 | -3.5% |
| Land and buildings | 22 | €737,067 | €712,352 | -€24,715 | -3.4% |
| Plant, machinery and equipment | 23 | €2,682 | €1,752 | -€930 | -34.7% |
| Other tangible fixed assets | 26 | €1,456 | €1,239 | -€216 | -14.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €60,205 | €60,851 | +€645 | +1.1% |
| Amounts receivable within one year | 40/41 | €57,246 | €53,202 | -€4,044 | -7.1% |
| Trade receivables | 40 | €54,645 | €52,938 | -€1,707 | -3.1% |
| Other amounts receivable | 41 | €2,601 | €264 | -€2,337 | -89.8% |
| Cash at bank and in hand | 54/58 | €2,960 | €7,047 | +€4,087 | +138% |
| Deferred charges and accrued income | 490/1 | €0 | €602 | +€602 | |
| Total equity and liabilities | 10/49 | €801,459 | €776,244 | -€25,216 | -3.1% |
| Equity | 10/15 | €419,109 | €399,099 | -€20,010 | -4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €412,809 | €392,688 | -€20,120 | -4.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €67,809 | €65,188 | -€2,620 | -3.9% |
| Distributable reserves | 133 | €345,000 | €327,500 | -€17,500 | -5.1% |
| Profit (loss) carried forward | 14 | €100 | €211 | +€111 | +110% |
| Provisions and deferred taxes | 16 | €22,603 | €21,729 | -€873 | -3.9% |
| Deferred taxes | 168 | €22,603 | €21,729 | -€873 | -3.9% |
| Amounts payable | 17/49 | €359,748 | €355,415 | -€4,333 | -1.2% |
| Amounts payable after more than one year | 17 | €48,097 | €38,006 | -€10,091 | -21.0% |
| Financial debts | 170/4 | €48,097 | €38,006 | -€10,091 | -21.0% |
| Amounts payable within one year | 42/48 | €311,651 | €317,409 | +€5,758 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €9,975 | €10,091 | +€115 | +1.2% |
| Trade debts | 44 | €1,096 | €1,223 | +€127 | +11.6% |
| Suppliers | 440/4 | €1,096 | €1,223 | +€127 | +11.6% |
| Taxes, remuneration and social security | 45 | €889 | €0 | -€889 | -100% |
| Taxes | 450/3 | €889 | €0 | -€889 | -100% |
| Other amounts payable | 47/48 | €299,691 | €306,095 | +€6,404 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,872 | €25,861 | -€1,011 | -3.8% |
| Other operating charges | 640/8 | €6,945 | €5,996 | -€949 | -13.7% |
| Gross operating margin | 9900 | €5,856 | €11,737 | +€5,881 | +100% |
| Operating profit (loss) | 9901 | -€27,961 | -€20,120 | +€7,841 | +28.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +58.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +58.3% |
| Financial charges | 65/66B | €873 | €763 | -€110 | -12.6% |
| Recurring financial charges | 65 | €873 | €763 | -€110 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,834 | -€20,883 | +€7,951 | +27.6% |
| Transfer from deferred taxes | 780 | €873 | €873 | = | 0.0% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +50.0% |
| Profit (loss) for the period | 9904 | -€27,961 | -€20,010 | +€7,951 | +28.4% |
| Transfer from tax-exempt reserves | 789 | €2,620 | €2,620 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,341 | -€17,389 | +€7,951 | +31.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.