EURO MODEL: 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 MODEL
Largest movements
- Stocks and contracts +€14,500
up €14,500 (+124%), from €11,700 to €26,200
- Receivables within one year -€5,047
down €5,047 (-41.3%), from €12,210 to €7,163
- Tangible fixed assets -€620
down €620 (-57.1%), from €1,085 to €465
- Cash +€391
up €391 (+14.3%), from €2,733 to €3,124
mainly Trade debts (+€7,301) and Receivables within one year (+€5,047)
- Trade debts +€7,301
up €7,301 (+1,171%), from €623 to €7,924
- Profit (loss) carried forward +€1,933
up €1,933 (+10.9%), from €17,758 to €19,691
- Gross operating margin +€1,632
up €1,632 (+39.6%), from €4,121 to €5,753
- Other operating charges +€1,207
up €1,207 (+149%), from €812 to €2,020
- Taxes +€427
up €427 (+75.7%), from €564 to €990
- Financial charges -€91
down €91 (-32.4%), from €281 to €190
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 | €27,728 | €36,952 | +€9,224 | +33.3% |
| Fixed assets | 21/28 | €1,085 | €465 | -€620 | -57.1% |
| Tangible fixed assets | 22/27 | €1,085 | €465 | -€620 | -57.1% |
| Furniture and vehicles | 24 | €1,085 | €465 | -€620 | -57.1% |
| Current assets | 29/58 | €26,643 | €36,487 | +€9,844 | +36.9% |
| Stocks and contracts in progress | 3 | €11,700 | €26,200 | +€14,500 | +124% |
| Stocks | 30/36 | €11,700 | €26,200 | +€14,500 | +124% |
| Amounts receivable within one year | 40/41 | €12,210 | €7,163 | -€5,047 | -41.3% |
| Other amounts receivable | 41 | €12,210 | €7,163 | -€5,047 | -41.3% |
| Cash at bank and in hand | 54/58 | €2,733 | €3,124 | +€391 | +14.3% |
| Total equity and liabilities | 10/49 | €27,728 | €36,952 | +€9,224 | +33.3% |
| Equity | 10/15 | €25,818 | €27,751 | +€1,933 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,758 | €19,691 | +€1,933 | +10.9% |
| Amounts payable | 17/49 | €1,910 | €9,201 | +€7,291 | +382% |
| Amounts payable within one year | 42/48 | €1,910 | €9,201 | +€7,291 | +382% |
| Trade debts | 44 | €623 | €7,924 | +€7,301 | +1,171% |
| Suppliers | 440/4 | €623 | €7,924 | +€7,301 | +1,171% |
| Taxes, remuneration and social security | 45 | €1,287 | €1,278 | -€10 | -0.7% |
| Taxes | 450/3 | €1,287 | €1,278 | -€10 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €620 | = | 0.0% |
| Other operating charges | 640/8 | €812 | €2,020 | +€1,207 | +149% |
| Gross operating margin | 9900 | €4,121 | €5,753 | +€1,632 | +39.6% |
| Operating profit (loss) | 9901 | €2,689 | €3,114 | +€425 | +15.8% |
| Financial charges | 65/66B | €281 | €190 | -€91 | -32.4% |
| Recurring financial charges | 65 | €281 | €190 | -€91 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €2,408 | €2,923 | +€516 | +21.4% |
| Income taxes | 67/77 | €564 | €990 | +€427 | +75.7% |
| Profit (loss) for the period | 9904 | €1,844 | €1,933 | +€89 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,844 | €1,933 | +€89 | +4.8% |
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 21 October 2026 via checked.be.