Euro Ei: 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
Euro Ei
NACE 46.331, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€74,589
2024 · €279,147-€204,558
Equity
€1.2m
2024 · €1.1m+€74,589
Cash
€13,553
2024 · €32,613-€19,060
Balance sheet total
€4.1m
2024 · €4.0m+€115,325
Largest movements
Assets
- Tangible fixed assets +€479,187
up €479,187 (+59.0%), from €812,420 to €1.3m
of which Land and buildings: +€349,504
- Financial fixed assets -€180,695
down €180,695 (-8.9%), from €2.0m to €1.9m
of which Affiliated companies: -€180,695
- Receivables within one year -€163,018
down €163,018 (-14.6%), from €1.1m to €956,269
of which Trade receivables: -€186,216
Equity and liabilities
- Trade debts +€212,129
up €212,129 (+232%), from €91,527 to €303,656
- Tax, wage and social debts -€150,407
down €150,407 (-100%), from €150,407 to €0
- Debts after one year -€86,254
down €86,254 (-25.4%), from €339,189 to €252,935
- Profit (loss) carried forward +€74,589
up €74,589 (+7.0%), from €1.1m to €1.1m
- Accrued charges and deferred income +€65,658
up €65,658, from €0 to €65,658
Income statement
- Goods and materials +€127,824
up €127,824 (+169%), from €75,546 to €203,370
of which Purchases: +€127,824
- Turnover +€95,607
up €95,607 (+9.6%), from €1.0m to €1.1m
- Depreciation -€63,144
down €63,144 (-21.0%), from €300,097 to €236,953
- Other operating income -€25,720
down €25,720 (-100%), from €25,720 to €0
- Financial charges -€20,623
down €20,623 (-19.6%), from €105,093 to €84,469
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
€279,147
Turnover
+€95,607
Other operating income
-€25,720
Goods and materials
-€127,824
Services and other goods
+€9,175
Depreciation
+€63,144
Other operating charges
-€346
Other operating items
-€233,681
Financial income
-€5,536
Financial charges
+€20,623
Result 2025
€74,589
raises the resultlowers the resultnot broken down further in the accounts
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
+€656,411
Investment
-€535,444
Financing
-€140,027
Cash 2024
€32,613
From operations (derived)
+€656,411
Net result for the year
+€74,589
Depreciation
+€236,953
Receivables within one year
+€163,018
Deferred charges and accrued income
+€1,089
Trade debts
+€212,129
Tax, wage and social debts
-€150,407
Other debts
+€53,383
Accrued charges and deferred income
+€65,658
Investment (derived)
-€535,444
Investment in fixed assets (net)
-€535,444
Financing
-€140,027
Debts after one year
-€86,254
Current portion of long-term debt
-€484
Short-term financial debts
-€53,289
Cash 2025
€13,553
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,033,833 | €4,149,158 | +€115,325 | +2.9% |
| Fixed assets | 21/28 | €2,853,334 | €3,151,826 | +€298,492 | +10.5% |
| Tangible fixed assets | 22/27 | €812,420 | €1,291,607 | +€479,187 | +59.0% |
| Land and buildings | 22 | €227,496 | €577,000 | +€349,504 | +154% |
| Plant, machinery and equipment | 23 | €583,897 | €507,994 | -€75,903 | -13.0% |
| Furniture and vehicles | 24 | €1,027 | €193 | -€834 | -81.3% |
| Assets under construction and advance payments | 27 | €0 | €206,421 | +€206,421 | |
| Financial fixed assets | 28 | €2,040,914 | €1,860,219 | -€180,695 | -8.9% |
| Affiliated companies | 280/1 | €2,039,794 | €1,859,099 | -€180,695 | -8.9% |
| Participating interests | 280 | €1,776,500 | €1,776,500 | = | 0.0% |
| Amounts receivable | 281 | €263,295 | €82,599 | -€180,695 | -68.6% |
| Other financial fixed assets | 284/8 | €1,120 | €1,120 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,120 | €1,120 | = | 0.0% |
| Current assets | 29/58 | €1,180,499 | €997,332 | -€183,166 | -15.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,119,287 | €956,269 | -€163,018 | -14.6% |
| Trade receivables | 40 | €1,119,287 | €933,070 | -€186,216 | -16.6% |
| Other amounts receivable | 41 | €0 | €23,199 | +€23,199 | |
| Cash at bank and in hand | 54/58 | €32,613 | €13,553 | -€19,060 | -58.4% |
| Deferred charges and accrued income | 490/1 | €28,599 | €27,510 | -€1,089 | -3.8% |
| Total equity and liabilities | 10/49 | €4,033,833 | €4,149,158 | +€115,325 | +2.9% |
| Equity | 10/15 | €1,119,080 | €1,193,669 | +€74,589 | +6.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,064,080 | €1,138,669 | +€74,589 | +7.0% |
| Amounts payable | 17/49 | €2,914,753 | €2,955,489 | +€40,736 | +1.4% |
| Amounts payable after more than one year | 17 | €339,189 | €252,935 | -€86,254 | -25.4% |
| Financial debts | 170/4 | €339,189 | €252,935 | -€86,254 | -25.4% |
| Credit institutions | 173 | €339,189 | €252,935 | -€86,254 | -25.4% |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,575,564 | €2,636,896 | +€61,332 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €86,738 | €86,254 | -€484 | -0.6% |
| Financial debts | 43 | €300,000 | €246,711 | -€53,289 | -17.8% |
| Credit institutions | 430/8 | €300,000 | €246,711 | -€53,289 | -17.8% |
| Trade debts | 44 | €91,527 | €303,656 | +€212,129 | +232% |
| Suppliers | 440/4 | €91,527 | €303,656 | +€212,129 | +232% |
| Taxes, remuneration and social security | 45 | €150,407 | €0 | -€150,407 | -100% |
| Taxes | 450/3 | €150,407 | €0 | -€150,407 | -100% |
| Other amounts payable | 47/48 | €1,946,892 | €2,000,275 | +€53,383 | +2.7% |
| Accrued charges and deferred income | 492/3 | €0 | €65,658 | +€65,658 | |
| Operating income | 70/76A | €1,260,053 | €1,096,260 | -€163,794 | -13.0% |
| Turnover | 70 | €1,000,652 | €1,096,260 | +€95,607 | +9.6% |
| Other operating income | 74 | €25,720 | €0 | -€25,720 | -100% |
| Non-recurring operating income | 76A | €233,681 | €0 | -€233,681 | -100% |
| Operating charges | 60/66A | €881,350 | €937,201 | +€55,851 | +6.3% |
| Goods for resale, raw materials and consumables | 60 | €75,546 | €203,370 | +€127,824 | +169% |
| Purchases | 600/8 | €75,546 | €203,370 | +€127,824 | +169% |
| Change in stocks: decrease (increase) | 609 | €0 | - | = | |
| Services and other goods | 61 | €470,354 | €461,179 | -€9,175 | -2.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300,097 | €236,953 | -€63,144 | -21.0% |
| Other operating charges | 640/8 | €35,354 | €35,700 | +€346 | +1.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €378,703 | €159,058 | -€219,645 | -58.0% |
| Financial income | 75/76B | €5,536 | €0 | -€5,536 | -100% |
| Recurring financial income | 75 | €5,536 | €0 | -€5,536 | -100% |
| Other financial income | 752/9 | €5,536 | €0 | -€5,536 | -100% |
| Financial charges | 65/66B | €105,093 | €84,469 | -€20,623 | -19.6% |
| Recurring financial charges | 65 | €105,093 | €84,469 | -€20,623 | -19.6% |
| Debt charges | 650 | €95,963 | €77,367 | -€18,596 | -19.4% |
| Other financial charges | 652/9 | €9,129 | €7,102 | -€2,027 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €279,147 | €74,589 | -€204,558 | -73.3% |
| Profit (loss) for the period | 9904 | €279,147 | €74,589 | -€204,558 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €279,147 | €74,589 | -€204,558 | -73.3% |
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 17 October 2026 via checked.be.