EURO P.A.: what changed
EURO P.A.
Largest movements
- Deferred charges and accrued income -€64,115
down €64,115 (-99.8%), from €64,252 to €136
- Tangible fixed assets +€62,155
up €62,155 (+17.6%), from €352,682 to €414,837
of which Plant, machinery and equipment: +€65,847
- Cash +€29,142
up €29,142 (+36.7%), from €79,475 to €108,617
mainly Depreciation (+€137,407) and Net result for the year (+€93,410)
- Stocks and contracts -€15,363
down €15,363 (-43.1%), from €35,656 to €20,293
- Reserves +€69,028
up €69,028 (+18.1%), from €380,700 to €449,727
of which Distributable reserves: +€69,028
- Trade debts -€64,634
no longer reported in 2024 (was €64,634)
- Tax, wage and social debts +€10,186
up €10,186 (+76.8%), from €13,263 to €23,449
of which Taxes: +€20,159
- Gross operating margin +€41,104
up €41,104 (+18.3%), from €224,674 to €265,779
- Depreciation +€23,304
up €23,304 (+20.4%), from €114,103 to €137,407
- Taxes +€13,477
up €13,477 (+61.2%), from €22,030 to €35,507
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €629,723 | €639,897 | +€10,174 | +1.6% |
| Fixed assets | 21/28 | €352,732 | €414,887 | +€62,155 | +17.6% |
| Tangible fixed assets | 22/27 | €352,682 | €414,837 | +€62,155 | +17.6% |
| Land and buildings | 22 | €66,930 | €66,011 | -€919 | -1.4% |
| Plant, machinery and equipment | 23 | €275,536 | €341,383 | +€65,847 | +23.9% |
| Furniture and vehicles | 24 | €10,215 | €7,442 | -€2,773 | -27.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €276,992 | €225,010 | -€51,981 | -18.8% |
| Stocks and contracts in progress | 3 | €35,656 | €20,293 | -€15,363 | -43.1% |
| Stocks | 30/36 | €35,656 | €20,293 | -€15,363 | -43.1% |
| Amounts receivable within one year | 40/41 | €97,610 | €95,964 | -€1,646 | -1.7% |
| Trade receivables | 40 | €66,923 | €40,363 | -€26,561 | -39.7% |
| Other amounts receivable | 41 | €30,686 | €55,601 | +€24,915 | +81.2% |
| Cash at bank and in hand | 54/58 | €79,475 | €108,617 | +€29,142 | +36.7% |
| Deferred charges and accrued income | 490/1 | €64,252 | €136 | -€64,115 | -99.8% |
| Total equity and liabilities | 10/49 | €629,723 | €639,897 | +€10,174 | +1.6% |
| Equity | 10/15 | €472,420 | €541,448 | +€69,028 | +14.6% |
| Contributions | 10/11 | €91,721 | €91,721 | = | 0.0% |
| Reserves | 13 | €380,700 | €449,727 | +€69,028 | +18.1% |
| Non-distributable reserves | 130/1 | €9,172 | €9,172 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,172 | €9,172 | = | 0.0% |
| Distributable reserves | 133 | €371,528 | €440,555 | +€69,028 | +18.6% |
| Amounts payable | 17/49 | €157,303 | €98,449 | -€58,854 | -37.4% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,303 | €23,449 | -€58,854 | -71.5% |
| Trade debts | 44 | €64,634 | - | -€64,634 | |
| Suppliers | 440/4 | €64,634 | - | -€64,634 | |
| Taxes, remuneration and social security | 45 | €13,263 | €23,449 | +€10,186 | +76.8% |
| Taxes | 450/3 | €3,290 | €23,449 | +€20,159 | +613% |
| Remuneration and social security | 454/9 | €9,973 | - | -€9,973 | |
| Other amounts payable | 47/48 | €4,406 | - | -€4,406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,103 | €137,407 | +€23,304 | +20.4% |
| Other operating charges | 640/8 | €2,511 | €2,421 | -€90 | -3.6% |
| Gross operating margin | 9900 | €224,674 | €265,779 | +€41,104 | +18.3% |
| Operating profit (loss) | 9901 | €108,061 | €125,951 | +€17,890 | +16.6% |
| Financial income | 75/76B | €3,143 | €5,100 | +€1,956 | +62.2% |
| Recurring financial income | 75 | €3,143 | €5,100 | +€1,956 | +62.2% |
| Financial charges | 65/66B | €1,315 | €2,133 | +€818 | +62.2% |
| Recurring financial charges | 65 | €1,315 | €2,133 | +€818 | +62.2% |
| Profit (loss) for the period before taxes | 9903 | €109,889 | €128,917 | +€19,029 | +17.3% |
| Income taxes | 67/77 | €22,030 | €35,507 | +€13,477 | +61.2% |
| Profit (loss) for the period | 9904 | €87,859 | €93,410 | +€5,552 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,859 | €93,410 | +€5,552 | +6.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.