EURO WORK: 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 WORK
Largest movements
- Receivables within one year -€41,171
down €41,171 (-41.5%), from €99,173 to €58,002
of which Trade receivables: -€42,340
- Tangible fixed assets -€1,453
down €1,453 (-31.5%), from €4,607 to €3,153
- Trade debts -€35,324
down €35,324 (-97.6%), from €36,182 to €857
- Profit (loss) carried forward -€4,120
down €4,120 (-47.3%), from €8,714 to €4,594
- Other debts -€2,350
no longer reported in 2025 (was €2,350)
- Current portion of long-term debt -€1,535
no longer reported in 2025 (was €1,535)
- Gross operating margin -€28,631
down €28,631 (-96.2%), from €29,768 to €1,136
- Taxes -€7,238
down €7,238 (-99.8%), from €7,252 to €15
- Financial income +€2,490
new in 2025: €2,490
- Financial charges +€1,161
up €1,161 (+86.1%), from €1,347 to €2,508
- Other operating charges +€900
up €900 (+31.3%), from €2,871 to €3,771
From the 2024 result to the 2025 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
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,346 | €63,659 | -€43,687 | -40.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €7,027 | €5,573 | -€1,453 | -20.7% |
| Tangible fixed assets | 22/27 | €4,607 | €3,153 | -€1,453 | -31.5% |
| Furniture and vehicles | 24 | €4,607 | €3,153 | -€1,453 | -31.5% |
| Financial fixed assets | 28 | €2,420 | €2,420 | = | 0.0% |
| Current assets | 29/58 | €100,319 | €58,085 | -€42,234 | -42.1% |
| Amounts receivable within one year | 40/41 | €99,173 | €58,002 | -€41,171 | -41.5% |
| Trade receivables | 40 | €55,712 | €13,371 | -€42,340 | -76.0% |
| Other amounts receivable | 41 | €43,461 | €44,631 | +€1,169 | +2.7% |
| Cash at bank and in hand | 54/58 | €648 | €83 | -€564 | -87.1% |
| Deferred charges and accrued income | 490/1 | €499 | - | -€499 | |
| Total equity and liabilities | 10/49 | €107,346 | €63,659 | -€43,687 | -40.7% |
| Equity | 10/15 | €34,896 | €30,776 | -€4,120 | -11.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,182 | €23,182 | = | 0.0% |
| Distributable reserves | 133 | €23,182 | €23,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,714 | €4,594 | -€4,120 | -47.3% |
| Amounts payable | 17/49 | €72,450 | €32,883 | -€39,567 | -54.6% |
| Amounts payable after more than one year | 17 | €3,453 | €2,863 | -€590 | -17.1% |
| Financial debts | 170/4 | €3,453 | €2,863 | -€590 | -17.1% |
| Amounts payable within one year | 42/48 | €68,998 | €30,020 | -€38,977 | -56.5% |
| Current portion of amounts payable after more than one year | 42 | €1,535 | - | -€1,535 | |
| Trade debts | 44 | €36,182 | €857 | -€35,324 | -97.6% |
| Suppliers | 440/4 | €36,182 | €857 | -€35,324 | -97.6% |
| Taxes, remuneration and social security | 45 | €28,931 | €29,163 | +€232 | +0.8% |
| Taxes | 450/3 | €28,931 | €29,163 | +€232 | +0.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,350 | - | -€2,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,453 | €1,453 | = | 0.0% |
| Other operating charges | 640/8 | €2,871 | €3,771 | +€900 | +31.3% |
| Gross operating margin | 9900 | €29,768 | €1,136 | -€28,631 | -96.2% |
| Operating profit (loss) | 9901 | €25,443 | -€4,088 | -€29,531 | |
| Financial income | 75/76B | - | €2,490 | +€2,490 | |
| Recurring financial income | 75 | - | €2,490 | +€2,490 | |
| Financial charges | 65/66B | €1,347 | €2,508 | +€1,161 | +86.1% |
| Recurring financial charges | 65 | €1,347 | €2,508 | +€1,161 | +86.1% |
| Profit (loss) for the period before taxes | 9903 | €24,096 | -€4,105 | -€28,201 | |
| Income taxes | 67/77 | €7,252 | €15 | -€7,238 | -99.8% |
| Profit (loss) for the period | 9904 | €16,843 | -€4,120 | -€20,963 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,843 | -€4,120 | -€20,963 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.