EURO BRAZ: 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 BRAZ
Largest movements
- Cash +€7,016
up €7,016 (+41.8%), from €16,804 to €23,820
mainly Net result for the year (+€5,107) and Receivables within one year (+€2,401)
- Receivables within one year -€2,401
down €2,401 (-13.0%), from €18,489 to €16,089
of which Trade receivables: -€1,501
- Deferred charges and accrued income +€666
up €666 (+37.3%), from €1,787 to €2,453
- Tangible fixed assets -€511
down €511 (-29.5%), from €1,734 to €1,222
- Reserves +€5,000
up €5,000 (+24.6%), from €20,300 to €25,300
- Tax, wage and social debts -€1,714
down €1,714 (-17.9%), from €9,549 to €7,835
of which Remuneration and social security: -€1,245
- Trade debts +€1,377
up €1,377 (+23.8%), from €5,787 to €7,164
- Gross operating margin +€645
up €645 (+5.8%), from €11,050 to €11,696
- Taxes +€472
up €472 (+15.9%), from €2,967 to €3,439
- Financial charges -€203
down €203 (-11.6%), from €1,756 to €1,552
- Depreciation +€200
up €200 (+64.1%), from €312 to €511
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 | €38,813 | €43,583 | +€4,770 | +12.3% |
| Fixed assets | 21/28 | €1,734 | €1,222 | -€511 | -29.5% |
| Tangible fixed assets | 22/27 | €1,734 | €1,222 | -€511 | -29.5% |
| Plant, machinery and equipment | 23 | €1,734 | €1,222 | -€511 | -29.5% |
| Current assets | 29/58 | €37,079 | €42,361 | +€5,282 | +14.2% |
| Amounts receivable within one year | 40/41 | €18,489 | €16,089 | -€2,401 | -13.0% |
| Trade receivables | 40 | €16,257 | €14,756 | -€1,501 | -9.2% |
| Other amounts receivable | 41 | €2,232 | €1,333 | -€899 | -40.3% |
| Cash at bank and in hand | 54/58 | €16,804 | €23,820 | +€7,016 | +41.8% |
| Deferred charges and accrued income | 490/1 | €1,787 | €2,453 | +€666 | +37.3% |
| Total equity and liabilities | 10/49 | €38,813 | €43,583 | +€4,770 | +12.3% |
| Equity | 10/15 | €23,477 | €28,584 | +€5,107 | +21.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,300 | €25,300 | +€5,000 | +24.6% |
| Distributable reserves | 133 | €20,300 | €25,300 | +€5,000 | +24.6% |
| Profit (loss) carried forward | 14 | €177 | €284 | +€107 | +60.5% |
| Amounts payable | 17/49 | €15,336 | €14,999 | -€337 | -2.2% |
| Amounts payable within one year | 42/48 | €15,336 | €14,999 | -€337 | -2.2% |
| Trade debts | 44 | €5,787 | €7,164 | +€1,377 | +23.8% |
| Suppliers | 440/4 | €5,787 | €7,164 | +€1,377 | +23.8% |
| Taxes, remuneration and social security | 45 | €9,549 | €7,835 | -€1,714 | -17.9% |
| Taxes | 450/3 | €4,126 | €3,657 | -€469 | -11.4% |
| Remuneration and social security | 454/9 | €5,423 | €4,178 | -€1,245 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312 | €511 | +€200 | +64.1% |
| Other operating charges | 640/8 | €1,030 | €1,098 | +€68 | +6.6% |
| Gross operating margin | 9900 | €11,050 | €11,696 | +€645 | +5.8% |
| Operating profit (loss) | 9901 | €9,709 | €10,087 | +€377 | +3.9% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €1,756 | €1,552 | -€203 | -11.6% |
| Recurring financial charges | 65 | €1,756 | €1,552 | -€203 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €7,954 | €8,546 | +€592 | +7.4% |
| Income taxes | 67/77 | €2,967 | €3,439 | +€472 | +15.9% |
| Profit (loss) for the period | 9904 | €4,986 | €5,107 | +€121 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,986 | €5,107 | +€121 | +2.4% |
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 27 October 2026 via checked.be.