EURO S.C.: what changed
What changed
EURO S.C.
filed annual accounts (NBB)
Net result for the year
-€99,653
2024 · -€153,850+€54,197
Equity
€3.4m
2024 · €3.5m-€109,653
Cash
€129,295
2024 · €119,063+€10,232
Balance sheet total
€5.7m
2024 · €5.9m-€169,169
Largest movements
Assets
- Tangible fixed assets -€176,568
down €176,568 (-4.5%), from €4.0m to €3.8m
Equity and liabilities
- Debts after one year -€93,741
down €93,741 (-7.3%), from €1.3m to €1.2m
of which Financial debts: -€93,741
Income statement
- Gross operating margin +€50,896
up €50,896 (+43.5%), from €116,993 to €167,890
- Depreciation +€2,889
up €2,889 (+1.4%), from €208,561 to €211,450
- Financial income +€2,857
up €2,857 (+86.1%), from €3,318 to €6,174
of which Non-recurring financial income: +€2,728
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.
Result 2024
-€153,850
Gross operating margin
+€50,896
Depreciation
-€2,889
Other operating charges
-€1,307
Other operating items
+€6,045
Financial income
+€2,857
Financial charges
-€1,405
Result 2025
-€99,653
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€147,598
Investment
-€34,881
Financing
-€102,485
Cash 2024
€119,063
From operations (derived)
+€147,598
Net result for the year
-€99,653
Depreciation
+€211,450
Receivables within one year
+€5,338
Deferred charges and accrued income
-€2,506
Provisions
-€21,947
Trade debts
+€25,176
Tax, wage and social debts
-€526
Other debts
+€25,939
Accrued charges and deferred income
+€4,326
Investment (derived)
-€34,881
Investment in fixed assets (net)
-€34,881
Financing
-€102,485
Debts after one year
-€93,741
Current portion of long-term debt
+€1,256
Contributions, distributions and other
-€10,000
Cash 2025
€129,295
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,861,916 | €5,692,747 | -€169,169 | -2.9% |
| Fixed assets | 21/28 | €5,732,804 | €5,556,236 | -€176,568 | -3.1% |
| Tangible fixed assets | 22/27 | €3,964,036 | €3,787,467 | -€176,568 | -4.5% |
| Land and buildings | 22 | €3,964,036 | €3,787,467 | -€176,568 | -4.5% |
| Financial fixed assets | 28 | €1,768,769 | €1,768,769 | = | 0.0% |
| Current assets | 29/58 | €129,111 | €136,511 | +€7,399 | +5.7% |
| Amounts receivable within one year | 40/41 | €8,549 | €3,211 | -€5,338 | -62.4% |
| Trade receivables | 40 | €8,549 | €3,211 | -€5,338 | -62.4% |
| Cash at bank and in hand | 54/58 | €119,063 | €129,295 | +€10,232 | +8.6% |
| Deferred charges and accrued income | 490/1 | €1,500 | €4,006 | +€2,506 | +167% |
| Total equity and liabilities | 10/49 | €5,861,916 | €5,692,747 | -€169,169 | -2.9% |
| Equity | 10/15 | €3,532,920 | €3,423,267 | -€109,653 | -3.1% |
| Contributions | 10/11 | €1,955,000 | €1,955,000 | = | 0.0% |
| Capital | 10 | €1,955,000 | €1,955,000 | = | 0.0% |
| Issued capital | 100 | €1,955,000 | €1,955,000 | = | 0.0% |
| Reserves | 13 | €1,247,574 | €1,190,828 | -€56,746 | -4.5% |
| Non-distributable reserves | 130/1 | €195,500 | €195,500 | = | 0.0% |
| Legal reserve | 130 | €195,500 | €195,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €676,341 | €629,595 | -€46,746 | -6.9% |
| Distributable reserves | 133 | €375,733 | €365,733 | -€10,000 | -2.7% |
| Profit (loss) carried forward | 14 | €330,346 | €277,439 | -€52,907 | -16.0% |
| Provisions and deferred taxes | 16 | €309,148 | €287,201 | -€21,947 | -7.1% |
| Deferred taxes | 168 | €309,148 | €287,201 | -€21,947 | -7.1% |
| Amounts payable | 17/49 | €2,019,848 | €1,982,278 | -€37,569 | -1.9% |
| Amounts payable after more than one year | 17 | €1,289,526 | €1,195,786 | -€93,741 | -7.3% |
| Financial debts | 170/4 | €1,286,126 | €1,192,386 | -€93,741 | -7.3% |
| Other amounts payable | 178/9 | €3,400 | €3,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €728,756 | €780,601 | +€51,845 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €92,485 | €93,741 | +€1,256 | +1.4% |
| Trade debts | 44 | €17,438 | €42,614 | +€25,176 | +144% |
| Suppliers | 440/4 | €17,438 | €42,614 | +€25,176 | +144% |
| Taxes, remuneration and social security | 45 | €5,445 | €4,919 | -€526 | -9.7% |
| Taxes | 450/3 | €5,445 | €4,919 | -€526 | -9.7% |
| Other amounts payable | 47/48 | €613,388 | €639,328 | +€25,939 | +4.2% |
| Accrued charges and deferred income | 492/3 | €1,566 | €5,892 | +€4,326 | +276% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,561 | €211,450 | +€2,889 | +1.4% |
| Other operating charges | 640/8 | €40,738 | €42,044 | +€1,307 | +3.2% |
| Non-recurring operating charges | 66A | €6,045 | - | -€6,045 | |
| Gross operating margin | 9900 | €116,993 | €167,890 | +€50,896 | +43.5% |
| Operating profit (loss) | 9901 | -€138,350 | -€85,605 | +€52,745 | +38.1% |
| Financial income | 75/76B | €3,318 | €6,174 | +€2,857 | +86.1% |
| Recurring financial income | 75 | €3,318 | €129 | -€3,188 | -96.1% |
| Non-recurring financial income | 76B | €3,318 | €6,045 | +€2,728 | +82.2% |
| Financial charges | 65/66B | €40,764 | €42,169 | +€1,405 | +3.4% |
| Recurring financial charges | 65 | €40,764 | €42,169 | +€1,405 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€175,796 | -€121,600 | +€54,197 | +30.8% |
| Transfer from deferred taxes | 780 | €21,947 | €21,947 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€153,850 | -€99,653 | +€54,197 | +35.2% |
| Transfer from tax-exempt reserves | 789 | €46,746 | €46,746 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€107,104 | -€52,907 | +€54,197 | +50.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.