EURO-CENTER: 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-CENTER
Largest movements
- Tangible fixed assets -€79,413
down €79,413 (-5.1%), from €1.6m to €1.5m
of which Land and buildings: -€78,560
- Receivables within one year +€49,350
up €49,350 (+46.5%), from €106,039 to €155,389
- Profit (loss) carried forward -€29,691
down €29,691 (-32.9%), from -€90,325 to -€120,016
- Taxes -€5,464
down €5,464 (-30.4%), from €17,978 to €12,514
- Gross operating margin -€5,303
down €5,303 (-4.8%), from €110,274 to €104,971
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,185,852 | €2,155,788 | -€30,064 | -1.4% |
| Fixed assets | 21/28 | €1,568,742 | €1,489,329 | -€79,413 | -5.1% |
| Tangible fixed assets | 22/27 | €1,568,222 | €1,488,808 | -€79,413 | -5.1% |
| Land and buildings | 22 | €1,564,319 | €1,485,758 | -€78,560 | -5.0% |
| Plant, machinery and equipment | 23 | €3,903 | €3,050 | -€853 | -21.9% |
| Financial fixed assets | 28 | €521 | €521 | = | 0.0% |
| Current assets | 29/58 | €617,109 | €666,459 | +€49,350 | +8.0% |
| Amounts receivable after more than one year | 29 | €511,070 | €511,070 | = | 0.0% |
| Other amounts receivable | 291 | €511,070 | €511,070 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €106,039 | €155,389 | +€49,350 | +46.5% |
| Other amounts receivable | 41 | €106,039 | €155,389 | +€49,350 | +46.5% |
| Total equity and liabilities | 10/49 | €2,185,852 | €2,155,788 | -€30,064 | -1.4% |
| Equity | 10/15 | €2,101,885 | €2,072,194 | -€29,691 | -1.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,636,010 | €1,636,010 | = | 0.0% |
| Reserves | 13 | €494,200 | €494,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €488,000 | €488,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,325 | -€120,016 | -€29,691 | -32.9% |
| Amounts payable | 17/49 | €83,967 | €83,594 | -€372 | -0.4% |
| Amounts payable within one year | 42/48 | €83,967 | €83,594 | -€372 | -0.4% |
| Trade debts | 44 | €41,729 | €28,843 | -€12,886 | -30.9% |
| Suppliers | 440/4 | €41,729 | €28,843 | -€12,886 | -30.9% |
| Taxes, remuneration and social security | 45 | €14,502 | €27,015 | +€12,514 | +86.3% |
| Taxes | 450/3 | €14,502 | €27,015 | +€12,514 | +86.3% |
| Other amounts payable | 47/48 | €27,736 | €27,736 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,584 | €79,413 | -€171 | -0.2% |
| Other operating charges | 640/8 | €41,976 | €42,735 | +€759 | +1.8% |
| Gross operating margin | 9900 | €110,274 | €104,971 | -€5,303 | -4.8% |
| Operating profit (loss) | 9901 | -€11,287 | -€17,178 | -€5,890 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,287 | -€17,178 | -€5,890 | -52.2% |
| Income taxes | 67/77 | €17,978 | €12,514 | -€5,464 | -30.4% |
| Profit (loss) for the period | 9904 | -€29,265 | -€29,691 | -€426 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,265 | -€29,691 | -€426 | -1.5% |
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.