EUROBEL: 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.
EUROBEL
Largest movements
- Current investments -€79,613
down €79,613 (-83.5%), from €95,298 to €15,685
- Cash +€55,774
up €55,774 (+28.6%), from €194,829 to €250,602
mainly Current investments (+€79,613) and Net result for the year (+€4,492)
- Tangible fixed assets +€8,335
up €8,335 (+13.3%), from €62,812 to €71,147
of which Plant, machinery and equipment: +€8,335
- Receivables within one year +€6,868
new in 2025: €6,868
- Tax, wage and social debts -€5,901
down €5,901 (-82.3%), from €7,172 to €1,271
- Other debts -€5,000
down €5,000 (-49.7%), from €10,059 to €5,059
- Reserves +€4,492
up €4,492 (+6.5%), from €69,406 to €73,898
of which Distributable reserves: +€4,492
- Gross operating margin -€20,794
down €20,794 (-65.5%), from €31,758 to €10,964
- Taxes -€8,281
down €8,281 (-84.1%), from €9,844 to €1,563
- Financial income -€1,611
down €1,611 (-44.8%), from €3,597 to €1,986
- Financial charges -€472
down €472 (-53.8%), from €877 to €405
of which Non-recurring financial charges: -€819
- Depreciation +€369
new in 2025: €369
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 | €355,201 | €346,673 | -€8,527 | -2.4% |
| Fixed assets | 21/28 | €62,812 | €71,147 | +€8,335 | +13.3% |
| Tangible fixed assets | 22/27 | €62,812 | €71,147 | +€8,335 | +13.3% |
| Land and buildings | 22 | €62,812 | €62,812 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €8,335 | +€8,335 | |
| Current assets | 29/58 | €292,389 | €275,527 | -€16,862 | -5.8% |
| Amounts receivable within one year | 40/41 | - | €6,868 | +€6,868 | |
| Other amounts receivable | 41 | - | €6,868 | +€6,868 | |
| Current investments | 50/53 | €95,298 | €15,685 | -€79,613 | -83.5% |
| Cash at bank and in hand | 54/58 | €194,829 | €250,602 | +€55,774 | +28.6% |
| Deferred charges and accrued income | 490/1 | €2,262 | €2,371 | +€109 | +4.8% |
| Total equity and liabilities | 10/49 | €355,201 | €346,673 | -€8,527 | -2.4% |
| Equity | 10/15 | €334,652 | €339,144 | +€4,492 | +1.3% |
| Contributions | 10/11 | €265,246 | €265,246 | = | 0.0% |
| Capital | 10 | €265,246 | €265,246 | = | 0.0% |
| Issued capital | 100 | €265,246 | €265,246 | = | 0.0% |
| Reserves | 13 | €69,406 | €73,898 | +€4,492 | +6.5% |
| Non-distributable reserves | 130/1 | €19,939 | €19,939 | = | 0.0% |
| Legal reserve | 130 | €19,939 | €19,939 | = | 0.0% |
| Distributable reserves | 133 | €49,467 | €53,959 | +€4,492 | +9.1% |
| Amounts payable | 17/49 | €20,548 | €7,529 | -€13,020 | -63.4% |
| Amounts payable within one year | 42/48 | €20,548 | €6,979 | -€13,570 | -66.0% |
| Trade debts | 44 | €3,318 | €649 | -€2,669 | -80.4% |
| Suppliers | 440/4 | €3,318 | €649 | -€2,669 | -80.4% |
| Taxes, remuneration and social security | 45 | €7,172 | €1,271 | -€5,901 | -82.3% |
| Taxes | 450/3 | €7,172 | €1,271 | -€5,901 | -82.3% |
| Other amounts payable | 47/48 | €10,059 | €5,059 | -€5,000 | -49.7% |
| Accrued charges and deferred income | 492/3 | - | €550 | +€550 | |
| Remuneration, social security and pensions | 62 | €61 | - | -€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €369 | +€369 | |
| Other operating charges | 640/8 | €6,699 | €6,507 | -€192 | -2.9% |
| Non-recurring operating charges | 66A | - | -€387 | -€387 | |
| Gross operating margin | 9900 | €31,758 | €10,964 | -€20,794 | -65.5% |
| Operating profit (loss) | 9901 | €24,998 | €4,474 | -€20,523 | -82.1% |
| Financial income | 75/76B | €3,597 | €1,986 | -€1,611 | -44.8% |
| Recurring financial income | 75 | €3,597 | €1,986 | -€1,611 | -44.8% |
| Financial charges | 65/66B | €877 | €405 | -€472 | -53.8% |
| Recurring financial charges | 65 | €58 | €405 | +€347 | +593% |
| Non-recurring financial charges | 66B | €819 | - | -€819 | |
| Profit (loss) for the period before taxes | 9903 | €27,717 | €6,055 | -€21,662 | -78.2% |
| Income taxes | 67/77 | €9,844 | €1,563 | -€8,281 | -84.1% |
| Profit (loss) for the period | 9904 | €17,874 | €4,492 | -€13,381 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,874 | €4,492 | -€13,381 | -74.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.