Euro Système: 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 Système
Largest movements
- Receivables within one year +€58,806
up €58,806 (+39.4%), from €149,345 to €208,150
of which Other amounts receivable: +€59,066
- Reserves +€51,212
up €51,212 (+54.4%), from €94,090 to €145,302
of which Distributable reserves: +€51,212
- Tax, wage and social debts +€5,133
up €5,133 (+14.5%), from €35,478 to €40,611
of which Taxes: +€2,622
- Other operating charges -€45,548
down €45,548 (-92.1%), from €49,467 to €3,919
- Taxes +€29,095
up €29,095 (+445%), from €6,536 to €35,632
- Staff costs -€18,259
down €18,259 (-47.7%), from €38,287 to €20,028
- Financial income +€7,998
new in 2024: €7,998
- Depreciation -€1,562
down €1,562 (-71.7%), from €2,179 to €617
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,907 | €209,096 | +€58,189 | +38.6% |
| Fixed assets | 21/28 | €1,562 | €945 | -€617 | -39.5% |
| Tangible fixed assets | 22/27 | €954 | €337 | -€617 | -64.7% |
| Furniture and vehicles | 24 | €954 | €337 | -€617 | -64.7% |
| Financial fixed assets | 28 | €608 | €608 | = | 0.0% |
| Current assets | 29/58 | €149,345 | €208,150 | +€58,806 | +39.4% |
| Amounts receivable within one year | 40/41 | €149,345 | €208,150 | +€58,806 | +39.4% |
| Trade receivables | 40 | €12,800 | €12,540 | -€260 | -2.0% |
| Other amounts receivable | 41 | €136,545 | €195,610 | +€59,066 | +43.3% |
| Total equity and liabilities | 10/49 | €150,907 | €209,096 | +€58,189 | +38.6% |
| Equity | 10/15 | €102,953 | €154,165 | +€51,212 | +49.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €94,090 | €145,302 | +€51,212 | +54.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €92,230 | €143,442 | +€51,212 | +55.5% |
| Profit (loss) carried forward | 14 | €2,664 | €2,664 | = | 0.0% |
| Amounts payable | 17/49 | €47,954 | €54,930 | +€6,977 | +14.5% |
| Amounts payable within one year | 42/48 | €47,954 | €54,930 | +€6,977 | +14.5% |
| Financial debts | 43 | €11,887 | €12,877 | +€990 | +8.3% |
| Other loans | 439 | €11,887 | €12,877 | +€990 | +8.3% |
| Trade debts | 44 | €589 | €1,443 | +€854 | +145% |
| Suppliers | 440/4 | €589 | €1,443 | +€854 | +145% |
| Taxes, remuneration and social security | 45 | €35,478 | €40,611 | +€5,133 | +14.5% |
| Taxes | 450/3 | €33,728 | €36,350 | +€2,622 | +7.8% |
| Remuneration and social security | 454/9 | €1,750 | €4,261 | +€2,511 | +143% |
| Remuneration, social security and pensions | 62 | €38,287 | €20,028 | -€18,259 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,179 | €617 | -€1,562 | -71.7% |
| Other operating charges | 640/8 | €49,467 | €3,919 | -€45,548 | -92.1% |
| Gross operating margin | 9900 | €107,862 | €107,151 | -€711 | -0.7% |
| Operating profit (loss) | 9901 | €17,929 | €82,587 | +€64,658 | +361% |
| Financial income | 75/76B | - | €7,998 | +€7,998 | |
| Recurring financial income | 75 | - | €7,998 | +€7,998 | |
| Financial charges | 65/66B | €4,110 | €3,742 | -€368 | -9.0% |
| Recurring financial charges | 65 | €4,110 | €3,742 | -€368 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €13,819 | €86,843 | +€73,024 | +528% |
| Income taxes | 67/77 | €6,536 | €35,632 | +€29,095 | +445% |
| Profit (loss) for the period | 9904 | €7,283 | €51,212 | +€43,929 | +603% |
| Profit (loss) for the period to be appropriated | 9905 | €7,283 | €51,212 | +€43,929 | +603% |
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 14 October 2026 via checked.be.