EURO EXPRESS GROUP: 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 EXPRESS GROUP
Largest movements
- Tangible fixed assets +€54,037
up €54,037 (+258%), from €20,917 to €74,954
of which Other tangible fixed assets: +€34,272
- Deferred charges and accrued income +€11,206
up €11,206 (+213%), from €5,252 to €16,458
- Cash +€8,339
up €8,339 (+584%), from €1,429 to €9,768
mainly Net result for the year (+€56,728) and Tax, wage and social debts (+€21,418)
- Receivables within one year +€4,939
up €4,939 (+2.4%), from €203,049 to €207,988
of which Other amounts receivable: +€11,712
- Reserves +€56,000
up €56,000 (+32.8%), from €170,500 to €226,500
of which Distributable reserves: +€56,000
- Tax, wage and social debts +€21,418
up €21,418 (+68.2%), from €31,410 to €52,828
of which Taxes: +€15,020
- Staff costs -€31,825
down €31,825 (-35.4%), from €89,827 to €58,002
- Depreciation +€5,386
up €5,386 (+179%), from €3,015 to €8,401
- Taxes +€4,132
up €4,132 (+25.3%), from €16,321 to €20,453
- Other operating charges +€3,301
up €3,301 (+52.2%), from €6,327 to €9,628
- Financial income +€2,071
up €2,071 (+150%), from €1,385 to €3,456
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,647 | €309,168 | +€78,521 | +34.0% |
| Fixed assets | 21/28 | €20,917 | €74,954 | +€54,037 | +258% |
| Tangible fixed assets | 22/27 | €20,917 | €74,954 | +€54,037 | +258% |
| Furniture and vehicles | 24 | €1,520 | €21,286 | +€19,766 | +1,300% |
| Other tangible fixed assets | 26 | €19,396 | €53,668 | +€34,272 | +177% |
| Current assets | 29/58 | €209,730 | €234,214 | +€24,484 | +11.7% |
| Amounts receivable within one year | 40/41 | €203,049 | €207,988 | +€4,939 | +2.4% |
| Trade receivables | 40 | €57,873 | €51,100 | -€6,773 | -11.7% |
| Other amounts receivable | 41 | €145,176 | €156,888 | +€11,712 | +8.1% |
| Cash at bank and in hand | 54/58 | €1,429 | €9,768 | +€8,339 | +584% |
| Deferred charges and accrued income | 490/1 | €5,252 | €16,458 | +€11,206 | +213% |
| Total equity and liabilities | 10/49 | €230,647 | €309,168 | +€78,521 | +34.0% |
| Equity | 10/15 | €179,013 | €235,740 | +€56,728 | +31.7% |
| Contributions | 10/11 | €8,480 | €8,480 | = | 0.0% |
| Capital | 10 | €8,480 | €8,480 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Uncalled capital | 101 | €21,520 | €21,520 | = | 0.0% |
| Reserves | 13 | €170,500 | €226,500 | +€56,000 | +32.8% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €167,500 | €223,500 | +€56,000 | +33.4% |
| Profit (loss) carried forward | 14 | €33 | €760 | +€728 | +2,236% |
| Amounts payable | 17/49 | €51,634 | €73,428 | +€21,794 | +42.2% |
| Amounts payable within one year | 42/48 | €50,257 | €72,803 | +€22,545 | +44.9% |
| Trade debts | 44 | €18,848 | €19,975 | +€1,127 | +6.0% |
| Suppliers | 440/4 | €18,848 | €19,975 | +€1,127 | +6.0% |
| Taxes, remuneration and social security | 45 | €31,410 | €52,828 | +€21,418 | +68.2% |
| Taxes | 450/3 | €22,157 | €37,177 | +€15,020 | +67.8% |
| Remuneration and social security | 454/9 | €9,253 | €15,651 | +€6,398 | +69.1% |
| Accrued charges and deferred income | 492/3 | €1,377 | €625 | -€752 | -54.6% |
| Remuneration, social security and pensions | 62 | €89,827 | €58,002 | -€31,825 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,015 | €8,401 | +€5,386 | +179% |
| Other operating charges | 640/8 | €6,327 | €9,628 | +€3,301 | +52.2% |
| Gross operating margin | 9900 | €151,213 | €150,895 | -€318 | -0.2% |
| Operating profit (loss) | 9901 | €52,044 | €74,863 | +€22,819 | +43.8% |
| Financial income | 75/76B | €1,385 | €3,456 | +€2,071 | +150% |
| Recurring financial income | 75 | €1,385 | €3,456 | +€2,071 | +150% |
| Financial charges | 65/66B | €1,301 | €1,139 | -€163 | -12.5% |
| Recurring financial charges | 65 | €600 | €1,139 | +€539 | +89.8% |
| Non-recurring financial charges | 66B | €701 | - | -€701 | |
| Profit (loss) for the period before taxes | 9903 | €52,127 | €77,180 | +€25,053 | +48.1% |
| Income taxes | 67/77 | €16,321 | €20,453 | +€4,132 | +25.3% |
| Profit (loss) for the period | 9904 | €35,806 | €56,728 | +€20,921 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,806 | €56,728 | +€20,921 | +58.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.