EURO 93: 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.
EURO 93
Largest movements
- Cash +€27,354
new in 2025: €27,354
mainly Debts after one year (+€52,225) and Current portion of long-term debt (+€3,775)
- Tangible fixed assets +€15,816
up €15,816 (+60.7%), from €26,048 to €41,864
of which Plant, machinery and equipment: +€16,932
- Receivables within one year +€8,484
new in 2025: €8,484
- Debts after one year +€52,225
new in 2025: €52,225
- Current portion of long-term debt +€3,775
new in 2025: €3,775
- Other debts -€2,770
no longer reported in 2025 (was €2,770)
- Profit (loss) carried forward -€1,491
down €1,491 (-8.1%), from -€18,481 to -€19,972
- Gross operating margin -€2,924
down €2,924 (-54.4%), from €5,379 to €2,455
- Other operating charges +€1,226
up €1,226 (+116.8%), from €1,049 to €2,275
- Financial charges +€968
new in 2025: €968
- Financial income +€579
new in 2025: €579
of which Non-recurring financial income: +€343
- Depreciation +€165
up €165 (+14.8%), from €1,116 to €1,281
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 | €26,218 | €77,938 | +€51,719 | +197.3% |
| Fixed assets | 21/28 | €26,048 | €41,864 | +€15,816 | +60.7% |
| Tangible fixed assets | 22/27 | €26,048 | €41,864 | +€15,816 | +60.7% |
| Land and buildings | 22 | €26,048 | €24,933 | -€1,116 | -4.3% |
| Plant, machinery and equipment | 23 | - | €16,932 | +€16,932 | |
| Current assets | 29/58 | €170 | €36,074 | +€35,903 | +21091.0% |
| Amounts receivable within one year | 40/41 | - | €8,484 | +€8,484 | |
| Other amounts receivable | 41 | - | €8,484 | +€8,484 | |
| Cash at bank and in hand | 54/58 | - | €27,354 | +€27,354 | |
| Deferred charges and accrued income | 490/1 | €170 | €236 | +€66 | +38.8% |
| Total equity and liabilities | 10/49 | €26,218 | €77,938 | +€51,719 | +197.3% |
| Equity | 10/15 | €22,421 | €20,931 | -€1,491 | -6.6% |
| Contributions | 10/11 | €40,902 | €40,902 | = | 0.0% |
| Capital | 10 | €40,902 | €40,902 | = | 0.0% |
| Issued capital | 100 | €40,902 | €40,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,481 | -€19,972 | -€1,491 | -8.1% |
| Amounts payable | 17/49 | €3,797 | €57,007 | +€53,210 | +1401.4% |
| Amounts payable after more than one year | 17 | - | €52,225 | +€52,225 | |
| Financial debts | 170/4 | - | €52,225 | +€52,225 | |
| Amounts payable within one year | 42/48 | €3,797 | €4,782 | +€985 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | - | €3,775 | +€3,775 | |
| Trade debts | 44 | €1,027 | €1,007 | -€20 | -1.9% |
| Suppliers | 440/4 | €1,027 | €1,007 | -€20 | -1.9% |
| Other amounts payable | 47/48 | €2,770 | - | -€2,770 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,116 | €1,281 | +€165 | +14.8% |
| Other operating charges | 640/8 | €1,049 | €2,275 | +€1,226 | +116.8% |
| Gross operating margin | 9900 | €5,379 | €2,455 | -€2,924 | -54.4% |
| Operating profit (loss) | 9901 | €3,214 | -€1,102 | -€4,316 | |
| Financial income | 75/76B | - | €579 | +€579 | |
| Recurring financial income | 75 | - | €236 | +€236 | |
| Non-recurring financial income | 76B | - | €343 | +€343 | |
| Financial charges | 65/66B | - | €968 | +€968 | |
| Recurring financial charges | 65 | - | €968 | +€968 | |
| Profit (loss) for the period before taxes | 9903 | €3,214 | -€1,491 | -€4,705 | |
| Profit (loss) for the period | 9904 | €3,214 | -€1,491 | -€4,705 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,214 | -€1,491 | -€4,705 |
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.