Euro-Tapis: what changed
What changed
Euro-Tapis
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
filed annual accounts (NBB)
Net result for the year
-€1.6m
2024 · €398,774-€2.0m
Equity
€2.2m
2024 · €6.8m-€4.6m
Cash
€635,906
2024 · €2.6m-€2.0m
Balance sheet total
€4.8m
2024 · €10.5m-€5.6m
Largest movements
Assets
- Cash -€2.0m
down €2.0m (-75.5%), from €2.6m to €635,906
mainly Contributions, distributions and other (-€3.0m) and Net result for the year (-€1.6m)
- Tangible fixed assets -€1.8m
down €1.8m (-95.3%), from €1.8m to €85,601
of which Land and buildings: -€1.5m
- Current investments -€1.2m
down €1.2m (-35.9%), from €3.2m to €2.1m
- Receivables within one year -€700,962
down €700,962 (-26.3%), from €2.7m to €2.0m
of which Trade receivables: -€692,766
Equity and liabilities
- Contributions -€2.6m
down €2.6m (-30.5%), from €8.6m to €6.0m
- Revaluation surpluses -€1.3m
down €1.3m (-100%), from €1.3m to €0
- Trade debts -€1.1m
down €1.1m (-39.8%), from €2.8m to €1.7m
- Reserves -€500,359
down €500,359 (-30.5%), from €1.6m to €1.1m
of which Tax-exempt reserves: -€441,977
- Profit (loss) carried forward -€151,871
down €151,871 (-3.2%), from -€4.8m to -€5.0m
Income statement
- Other operating charges +€1.1m
up €1.1m (+1,006%), from €109,936 to €1.2m
- Gross operating margin -€695,963
down €695,963 (-77.2%), from €901,155 to €205,192
- Financial charges +€142,904
up €142,904 (+240%), from €59,581 to €202,485
- Financial income -€45,896
down €45,896 (-63.7%), from €72,084 to €26,189
- Staff costs +€23,789
up €23,789 (+6.9%), from €344,880 to €368,668
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
€398,774
Gross operating margin
-€695,963
Staff costs
-€23,789
Depreciation
+€16,474
Write-downs
-€20,000
Other operating charges
-€1.1m
Financial income
-€45,896
Financial charges
-€142,904
Taxes
+€84
Result 2025
-€1.6m
raises the resultlowers the result
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
-€1.8m
Investment
+€2.9m
Financing
-€3.0m
Cash 2024
€2.6m
From operations (derived)
-€1.8m
Net result for the year
-€1.6m
Depreciation
+€42,838
Stocks and contracts
+€26,590
Receivables within one year
+€700,962
Deferred charges and accrued income
+€37,824
Trade debts
-€1.1m
Tax, wage and social debts
+€1,232
Other debts
+€102,333
Accrued charges and deferred income
+€22,611
Investment (derived)
+€2.9m
Investment in fixed assets (net)
+€1.7m
Current investments
+€1.2m
Financing
-€3.0m
Debts after one year
-€60,000
Contributions, distributions and other
-€3.0m
Cash 2025
€635,906
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,486,588 | €4,846,030 | -€5.6m | -53.8% |
| Fixed assets | 21/28 | €1,906,265 | €138,143 | -€1.8m | -92.8% |
| Intangible fixed assets | 21 | €13,540 | €0 | -€13,540 | -100% |
| Tangible fixed assets | 22/27 | €1,840,183 | €85,601 | -€1.8m | -95.3% |
| Land and buildings | 22 | €1,485,916 | €0 | -€1.5m | -100% |
| Plant, machinery and equipment | 23 | €14,455 | €12,078 | -€2,376 | -16.4% |
| Furniture and vehicles | 24 | €86,601 | €73,523 | -€13,078 | -15.1% |
| Leasing and similar rights | 25 | €253,212 | €0 | -€253,212 | -100% |
| Financial fixed assets | 28 | €52,542 | €52,542 | = | 0.0% |
| Current assets | 29/58 | €8,580,324 | €4,707,887 | -€3.9m | -45.1% |
| Stocks and contracts in progress | 3 | €27,829 | €1,239 | -€26,590 | -95.5% |
| Stocks | 30/36 | €27,829 | €1,239 | -€26,590 | -95.5% |
| Amounts receivable within one year | 40/41 | €2,669,574 | €1,968,612 | -€700,962 | -26.3% |
| Trade receivables | 40 | €2,611,109 | €1,918,343 | -€692,766 | -26.5% |
| Other amounts receivable | 41 | €58,465 | €50,269 | -€8,196 | -14.0% |
| Current investments | 50/53 | €3,206,238 | €2,055,907 | -€1.2m | -35.9% |
| Cash at bank and in hand | 54/58 | €2,592,636 | €635,906 | -€2.0m | -75.5% |
| Deferred charges and accrued income | 490/1 | €84,046 | €46,222 | -€37,824 | -45.0% |
| Total equity and liabilities | 10/49 | €10,486,588 | €4,846,030 | -€5.6m | -53.8% |
| Equity | 10/15 | €6,761,207 | €2,152,480 | -€4.6m | -68.2% |
| Contributions | 10/11 | €8,600,000 | €5,979,799 | -€2.6m | -30.5% |
| Capital | 10 | €8,600,000 | €5,979,799 | -€2.6m | -30.5% |
| Issued capital | 100 | €8,600,000 | €5,979,799 | -€2.6m | -30.5% |
| Revaluation surpluses | 12 | €1,336,295 | €0 | -€1.3m | -100% |
| Reserves | 13 | €1,642,275 | €1,141,916 | -€500,359 | -30.5% |
| Non-distributable reserves | 130/1 | €191,622 | €133,239 | -€58,382 | -30.5% |
| Legal reserve | 130 | €191,622 | €133,239 | -€58,382 | -30.5% |
| Tax-exempt reserves | 132 | €1,450,654 | €1,008,676 | -€441,977 | -30.5% |
| Profit (loss) carried forward | 14 | -€4,817,363 | -€4,969,235 | -€151,871 | -3.2% |
| Amounts payable | 17/49 | €3,725,382 | €2,693,550 | -€1.0m | -27.7% |
| Amounts payable after more than one year | 17 | €926,239 | €866,239 | -€60,000 | -6.5% |
| Financial debts | 170/4 | €926,239 | €866,239 | -€60,000 | -6.5% |
| Amounts payable within one year | 42/48 | €2,797,179 | €1,802,737 | -€994,442 | -35.6% |
| Trade debts | 44 | €2,757,943 | €1,659,936 | -€1.1m | -39.8% |
| Suppliers | 440/4 | €2,757,943 | €1,659,936 | -€1.1m | -39.8% |
| Taxes, remuneration and social security | 45 | €38,102 | €39,334 | +€1,232 | +3.2% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €38,102 | €39,334 | +€1,232 | +3.2% |
| Other amounts payable | 47/48 | €1,133 | €103,466 | +€102,333 | +9,030% |
| Accrued charges and deferred income | 492/3 | €1,963 | €24,574 | +€22,611 | +1,152% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €344,880 | €368,668 | +€23,789 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,312 | €42,838 | -€16,474 | -27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €20,000 | +€20,000 | |
| Other operating charges | 640/8 | €109,936 | €1,216,317 | +€1.1m | +1,006% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €901,155 | €205,192 | -€695,963 | -77.2% |
| Operating profit (loss) | 9901 | €387,027 | -€1,442,631 | -€1.8m | |
| Financial income | 75/76B | €72,084 | €26,189 | -€45,896 | -63.7% |
| Recurring financial income | 75 | €72,084 | €26,189 | -€45,896 | -63.7% |
| Financial charges | 65/66B | €59,581 | €202,485 | +€142,904 | +240% |
| Recurring financial charges | 65 | €59,581 | €202,485 | +€142,904 | +240% |
| Profit (loss) for the period before taxes | 9903 | €399,530 | -€1,618,927 | -€2.0m | |
| Income taxes | 67/77 | €756 | €672 | -€84 | -11.1% |
| Profit (loss) for the period | 9904 | €398,774 | -€1,619,599 | -€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €398,774 | -€1,619,599 | -€2.0m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.