EURO - INFORM: what changed
EURO - INFORM
Largest movements
- Receivables within one year -€16,807
down €16,807 (-43.8%), from €38,348 to €21,541
of which Other amounts receivable: -€20,967
- Cash -€9,541
down €9,541 (-27.6%), from €34,572 to €25,032
mainly Net result for the year (-€32,689) and Other debts (-€6,207)
- Tangible fixed assets -€8,734
down €8,734 (-2.5%), from €355,243 to €346,509
- Financial fixed assets -€6,200
down €6,200 (-88.6%), from €7,000 to €800
- Profit (loss) carried forward -€26,098
down €26,098 (-73.5%), from €35,516 to €9,417
- Reserves -€6,591
down €6,591 (-10.1%), from €65,501 to €58,910
of which Tax-exempt reserves: -€6,591
- Other debts -€6,207
down €6,207 (-2.5%), from €251,119 to €244,912
- Gross operating margin +€20,118
up €20,118, from -€17,037 to €3,082
- Financial charges +€6,206
up €6,206 (+4,802%), from €129 to €6,336
of which Non-recurring financial charges: +€6,200
- Depreciation +€5,251
up €5,251 (+151%), from €3,483 to €8,734
- Other operating charges -€550
down €550 (-33.8%), from €1,627 to €1,077
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,163 | €393,881 | -€41,282 | -9.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €362,243 | €347,309 | -€14,934 | -4.1% |
| Tangible fixed assets | 22/27 | €355,243 | €346,509 | -€8,734 | -2.5% |
| Land and buildings | 22 | €355,243 | €346,509 | -€8,734 | -2.5% |
| Financial fixed assets | 28 | €7,000 | €800 | -€6,200 | -88.6% |
| Current assets | 29/58 | €72,920 | €46,572 | -€26,348 | -36.1% |
| Amounts receivable within one year | 40/41 | €38,348 | €21,541 | -€16,807 | -43.8% |
| Trade receivables | 40 | €566 | €4,726 | +€4,160 | +735% |
| Other amounts receivable | 41 | €37,782 | €16,814 | -€20,967 | -55.5% |
| Cash at bank and in hand | 54/58 | €34,572 | €25,032 | -€9,541 | -27.6% |
| Total equity and liabilities | 10/49 | €435,163 | €393,881 | -€41,282 | -9.5% |
| Equity | 10/15 | €163,017 | €130,328 | -€32,689 | -20.1% |
| 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% |
| Reserves | 13 | €65,501 | €58,910 | -€6,591 | -10.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,301 | €52,710 | -€6,591 | -11.1% |
| Profit (loss) carried forward | 14 | €35,516 | €9,417 | -€26,098 | -73.5% |
| Provisions and deferred taxes | 16 | €15,985 | €13,903 | -€2,081 | -13.0% |
| Deferred taxes | 168 | €15,985 | €13,903 | -€2,081 | -13.0% |
| Amounts payable | 17/49 | €256,161 | €249,650 | -€6,511 | -2.5% |
| Amounts payable within one year | 42/48 | €256,161 | €249,550 | -€6,611 | -2.6% |
| Trade debts | 44 | €5,024 | €3,807 | -€1,217 | -24.2% |
| Suppliers | 440/4 | €5,024 | €3,807 | -€1,217 | -24.2% |
| Taxes, remuneration and social security | 45 | €19 | €831 | +€812 | +4,335% |
| Taxes | 450/3 | €19 | €831 | +€812 | +4,335% |
| Other amounts payable | 47/48 | €251,119 | €244,912 | -€6,207 | -2.5% |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,483 | €8,734 | +€5,251 | +151% |
| Other operating charges | 640/8 | €1,627 | €1,077 | -€550 | -33.8% |
| Non-recurring operating charges | 66A | - | €21,710 | +€21,710 | |
| Gross operating margin | 9900 | -€17,037 | €3,082 | +€20,118 | |
| Operating profit (loss) | 9901 | -€22,147 | -€28,439 | -€6,293 | -28.4% |
| Financial income | 75/76B | €4 | €4 | +€1 | +15.5% |
| Recurring financial income | 75 | €4 | €4 | +€1 | +15.5% |
| Financial charges | 65/66B | €129 | €6,336 | +€6,206 | +4,802% |
| Recurring financial charges | 65 | €129 | €136 | +€6 | +4.9% |
| Non-recurring financial charges | 66B | - | €6,200 | +€6,200 | |
| Profit (loss) for the period before taxes | 9903 | -€22,272 | -€34,771 | -€12,499 | -56.1% |
| Transfer from deferred taxes | 780 | €2,570 | €2,081 | -€488 | -19.0% |
| Profit (loss) for the period | 9904 | -€19,703 | -€32,689 | -€12,987 | -65.9% |
| Transfer from tax-exempt reserves | 789 | €7,796 | €6,591 | -€1,205 | -15.5% |
| Transfer to tax-exempt reserves | 689 | €67,097 | - | -€67,097 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,004 | -€26,098 | +€52,905 | +67.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.