EURO FIN: 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 FIN
Largest movements
- Receivables within one year +€42,230
up €42,230 (+5.7%), from €737,224 to €779,454
- Tangible fixed assets -€38,157
down €38,157 (-27.6%), from €138,075 to €99,918
of which Furniture and vehicles: -€34,010
- Reserves -€125,126
down €125,126 (-20.2%), from €619,937 to €494,811
of which Distributable reserves: -€125,126
- Other debts +€123,747
up €123,747 (+79.5%), from €155,689 to €279,436
- Debts after one year -€21,029
down €21,029 (-19.6%), from €107,418 to €86,389
- Gross operating margin -€48,847
down €48,847 (-21.2%), from €230,395 to €181,548
- Staff costs -€29,767
down €29,767 (-82.2%), from €36,201 to €6,434
- Taxes -€10,716
down €10,716 (-14.6%), from €73,596 to €62,880
- Depreciation +€3,342
up €3,342 (+9.3%), from €35,932 to €39,274
- Financial income -€3,208
down €3,208 (-5.9%), from €54,504 to €51,296
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 | €1,154,709 | €1,153,005 | -€1,704 | -0.1% |
| Fixed assets | 21/28 | €139,225 | €99,951 | -€39,274 | -28.2% |
| Intangible fixed assets | 21 | €1,150 | €33 | -€1,117 | -97.1% |
| Tangible fixed assets | 22/27 | €138,075 | €99,918 | -€38,157 | -27.6% |
| Plant, machinery and equipment | 23 | €4,437 | €1,774 | -€2,663 | -60.0% |
| Furniture and vehicles | 24 | €129,840 | €95,830 | -€34,010 | -26.2% |
| Other tangible fixed assets | 26 | €3,798 | €2,314 | -€1,484 | -39.1% |
| Current assets | 29/58 | €1,015,484 | €1,053,054 | +€37,570 | +3.7% |
| Amounts receivable after more than one year | 29 | €204,000 | €204,000 | = | 0.0% |
| Other amounts receivable | 291 | €204,000 | €204,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €737,224 | €779,454 | +€42,230 | +5.7% |
| Other amounts receivable | 41 | €737,224 | €779,454 | +€42,230 | +5.7% |
| Cash at bank and in hand | 54/58 | €6,733 | €122 | -€6,611 | -98.2% |
| Deferred charges and accrued income | 490/1 | €67,527 | €69,478 | +€1,951 | +2.9% |
| Total equity and liabilities | 10/49 | €1,154,709 | €1,153,005 | -€1,704 | -0.1% |
| Equity | 10/15 | €735,346 | €610,220 | -€125,126 | -17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €619,937 | €494,811 | -€125,126 | -20.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €618,077 | €492,951 | -€125,126 | -20.2% |
| Profit (loss) carried forward | 14 | €96,809 | €96,809 | = | 0.0% |
| Amounts payable | 17/49 | €419,363 | €542,785 | +€123,422 | +29.4% |
| Amounts payable after more than one year | 17 | €107,418 | €86,389 | -€21,029 | -19.6% |
| Financial debts | 170/4 | €107,418 | €86,389 | -€21,029 | -19.6% |
| Amounts payable within one year | 42/48 | €310,404 | €455,896 | +€145,492 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €20,238 | €21,029 | +€791 | +3.9% |
| Financial debts | 43 | €1,000 | €4,580 | +€3,580 | +358% |
| Credit institutions | 430/8 | €1,000 | €4,580 | +€3,580 | +358% |
| Trade debts | 44 | €8,261 | €14,407 | +€6,146 | +74.4% |
| Suppliers | 440/4 | €8,261 | €14,407 | +€6,146 | +74.4% |
| Taxes, remuneration and social security | 45 | €125,216 | €136,444 | +€11,228 | +9.0% |
| Taxes | 450/3 | €125,216 | €134,419 | +€9,203 | +7.3% |
| Remuneration and social security | 454/9 | - | €2,025 | +€2,025 | |
| Other amounts payable | 47/48 | €155,689 | €279,436 | +€123,747 | +79.5% |
| Accrued charges and deferred income | 492/3 | €1,541 | €500 | -€1,041 | -67.6% |
| Non-recurring operating income | 76A | €16,003 | - | -€16,003 | |
| Remuneration, social security and pensions | 62 | €36,201 | €6,434 | -€29,767 | -82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,932 | €39,274 | +€3,342 | +9.3% |
| Other operating charges | 640/8 | €2,459 | €3,098 | +€639 | +26.0% |
| Gross operating margin | 9900 | €230,395 | €181,548 | -€48,847 | -21.2% |
| Operating profit (loss) | 9901 | €155,803 | €132,742 | -€23,061 | -14.8% |
| Financial income | 75/76B | €54,504 | €51,296 | -€3,208 | -5.9% |
| Recurring financial income | 75 | €54,504 | €51,296 | -€3,208 | -5.9% |
| Financial charges | 65/66B | €5,450 | €5,470 | +€20 | +0.4% |
| Recurring financial charges | 65 | €5,450 | €5,470 | +€20 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €204,857 | €178,568 | -€26,289 | -12.8% |
| Income taxes | 67/77 | €73,596 | €62,880 | -€10,716 | -14.6% |
| Profit (loss) for the period | 9904 | €131,261 | €115,688 | -€15,573 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €131,261 | €115,688 | -€15,573 | -11.9% |
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.