EURO - SERVICES: 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.
What changed
EURO - SERVICES
NACE 49.410, Freight transport by road
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€4,407
2023 · €29,151-€24,744
Equity
€641,751
2023 · €644,326-€2,575
Cash
€127,402
2023 · €322,804-€195,402
Balance sheet total
€12.4m
2023 · €12.6m-€267,144
Largest movements
Assets
- Tangible fixed assets -€570,542
down €570,542 (-19.5%), from €2.9m to €2.4m
of which Leasing and similar rights: -€618,480
- Receivables within one year +€447,682
up €447,682 (+5.2%), from €8.5m to €9.0m
of which Trade receivables: +€497,689
- Cash -€195,402
down €195,402 (-60.5%), from €322,804 to €127,402
mainly Tax, wage and social debts (-€629,647) and Short-term financial debts (-€513,493)
Equity and liabilities
- Debts after one year +€796,243
up €796,243 (+88.7%), from €897,801 to €1.7m
- Tax, wage and social debts -€629,647
down €629,647 (-15.4%), from €4.1m to €3.5m
of which Taxes: -€335,657
- Short-term financial debts -€513,493
down €513,493 (-25.2%), from €2.0m to €1.5m
- Trade debts +€328,581
up €328,581 (+8.3%), from €4.0m to €4.3m
- Current portion of long-term debt -€217,864
down €217,864 (-22.5%), from €967,769 to €749,905
Income statement
- Gross operating margin -€71,023
down €71,023 (-1.1%), from €6.3m to €6.2m
From the 2023 result to the 2024 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.
Result 2023
€29,151
Gross operating margin
-€71,023
Staff costs
+€46,528
Depreciation
+€8,416
Other operating charges
-€56,494
Other operating items
+€47,135
Financial income
-€4,567
Financial charges
+€5,281
Taxes
-€20
Result 2024
€4,407
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€159,025
Investment
-€412,331
Financing
+€57,904
Cash 2023
€322,804
From operations (derived)
+€159,025
Net result for the year
+€4,407
Depreciation
+€966,172
Stocks and contracts
-€25,438
Receivables within one year
-€447,682
Deferred charges and accrued income
-€8,979
Trade debts
+€328,581
Tax, wage and social debts
-€629,647
Other debts
-€12,143
Accrued charges and deferred income
-€16,246
Investment (derived)
-€412,331
Investment in fixed assets (net)
-€412,331
Financing
+€57,904
Debts after one year
+€796,243
Current portion of long-term debt
-€217,864
Short-term financial debts
-€513,493
Contributions, distributions and other
-€6,982
Cash 2024
€127,402
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,617,244 | €12,350,100 | -€267,144 | -2.1% |
| Fixed assets | 21/28 | €3,143,571 | €2,589,730 | -€553,841 | -17.6% |
| Intangible fixed assets | 21 | €135,862 | €163,468 | +€27,606 | +20.3% |
| Tangible fixed assets | 22/27 | €2,925,767 | €2,355,225 | -€570,542 | -19.5% |
| Land and buildings | 22 | €521,621 | €469,056 | -€52,565 | -10.1% |
| Plant, machinery and equipment | 23 | €112,970 | €77,852 | -€35,118 | -31.1% |
| Furniture and vehicles | 24 | €124,928 | €221,511 | +€96,583 | +77.3% |
| Leasing and similar rights | 25 | €2,001,455 | €1,382,975 | -€618,480 | -30.9% |
| Other tangible fixed assets | 26 | €164,793 | €203,831 | +€39,038 | +23.7% |
| Financial fixed assets | 28 | €81,942 | €71,037 | -€10,905 | -13.3% |
| Current assets | 29/58 | €9,473,673 | €9,760,370 | +€286,697 | +3.0% |
| Stocks and contracts in progress | 3 | €374,384 | €399,822 | +€25,438 | +6.8% |
| Stocks | 30/36 | €374,384 | €399,822 | +€25,438 | +6.8% |
| Amounts receivable within one year | 40/41 | €8,529,928 | €8,977,610 | +€447,682 | +5.2% |
| Trade receivables | 40 | €8,444,301 | €8,941,990 | +€497,689 | +5.9% |
| Other amounts receivable | 41 | €85,627 | €35,620 | -€50,007 | -58.4% |
| Cash at bank and in hand | 54/58 | €322,804 | €127,402 | -€195,402 | -60.5% |
| Deferred charges and accrued income | 490/1 | €246,557 | €255,536 | +€8,979 | +3.6% |
| Total equity and liabilities | 10/49 | €12,617,244 | €12,350,100 | -€267,144 | -2.1% |
| Equity | 10/15 | €644,326 | €641,751 | -€2,575 | -0.4% |
| Contributions | 10/11 | €752,000 | €752,000 | = | 0.0% |
| Capital | 10 | €752,000 | €752,000 | = | 0.0% |
| Issued capital | 100 | €752,000 | €752,000 | = | 0.0% |
| Revaluation surpluses | 12 | €438,225 | €401,926 | -€36,299 | -8.3% |
| Reserves | 13 | €1,954,156 | €1,990,456 | +€36,300 | +1.9% |
| Non-distributable reserves | 130/1 | €15,200 | €15,200 | = | 0.0% |
| Legal reserve | 130 | €15,200 | €15,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,651,181 | €1,651,181 | = | 0.0% |
| Distributable reserves | 133 | €287,775 | €324,075 | +€36,300 | +12.6% |
| Profit (loss) carried forward | 14 | -€2,533,433 | -€2,529,026 | +€4,407 | +0.2% |
| Investment grants | 15 | €33,378 | €26,395 | -€6,983 | -20.9% |
| Amounts payable | 17/49 | €11,972,918 | €11,708,349 | -€264,569 | -2.2% |
| Amounts payable after more than one year | 17 | €897,801 | €1,694,044 | +€796,243 | +88.7% |
| Financial debts | 170/4 | €897,801 | €1,694,044 | +€796,243 | +88.7% |
| Amounts payable within one year | 42/48 | €11,058,857 | €10,014,291 | -€1.0m | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €967,769 | €749,905 | -€217,864 | -22.5% |
| Financial debts | 43 | €2,039,682 | €1,526,189 | -€513,493 | -25.2% |
| Credit institutions | 430/8 | €2,039,682 | €1,526,189 | -€513,493 | -25.2% |
| Trade debts | 44 | €3,951,360 | €4,279,941 | +€328,581 | +8.3% |
| Suppliers | 440/4 | €3,951,360 | €4,279,941 | +€328,581 | +8.3% |
| Advances received on contracts in progress | 46 | €6,683 | €6,683 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,081,131 | €3,451,484 | -€629,647 | -15.4% |
| Taxes | 450/3 | €2,110,241 | €1,774,584 | -€335,657 | -15.9% |
| Remuneration and social security | 454/9 | €1,970,890 | €1,676,900 | -€293,990 | -14.9% |
| Other amounts payable | 47/48 | €12,232 | €89 | -€12,143 | -99.3% |
| Accrued charges and deferred income | 492/3 | €16,260 | €14 | -€16,246 | -99.9% |
| Non-recurring operating income | 76A | €25,553 | €25,065 | -€488 | -1.9% |
| Remuneration, social security and pensions | 62 | €4,607,228 | €4,560,700 | -€46,528 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €974,588 | €966,172 | -€8,416 | -0.9% |
| Other operating charges | 640/8 | €231,370 | €287,864 | +€56,494 | +24.4% |
| Non-recurring operating charges | 66A | €114,363 | €67,228 | -€47,135 | -41.2% |
| Gross operating margin | 9900 | €6,310,475 | €6,239,452 | -€71,023 | -1.1% |
| Operating profit (loss) | 9901 | €382,926 | €357,488 | -€25,438 | -6.6% |
| Financial income | 75/76B | €13,024 | €8,457 | -€4,567 | -35.1% |
| Recurring financial income | 75 | €13,024 | €8,457 | -€4,567 | -35.1% |
| Financial charges | 65/66B | €365,520 | €360,239 | -€5,281 | -1.4% |
| Recurring financial charges | 65 | €365,520 | €346,881 | -€18,639 | -5.1% |
| Non-recurring financial charges | 66B | - | €13,358 | +€13,358 | |
| Profit (loss) for the period before taxes | 9903 | €30,430 | €5,706 | -€24,724 | -81.2% |
| Income taxes | 67/77 | €1,279 | €1,299 | +€20 | +1.6% |
| Profit (loss) for the period | 9904 | €29,151 | €4,407 | -€24,744 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,151 | €4,407 | -€24,744 | -84.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.