EUROBORINGEN: what changed
Two fiscal 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
EUROBORINGEN
NACE 43.120, Site preparation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€102,448
2024 · €322,494-€220,045
Equity
€2.2m
2024 · €2.2m+€27,448
Cash
€99,177
2024 · €186,864-€87,687
Balance sheet total
€4.7m
2024 · €4.7m-€30,266
Largest movements
Assets
- Cash -€87,687
down €87,687 (-46.9%), from €186,864 to €99,177
mainly Trade debts (-€562,132) and Investment in fixed assets (net) (-€312,607)
Equity and liabilities
- Trade debts -€562,132
down €562,132 (-41.7%), from €1.3m to €784,941
- Short-term financial debts +€300,000
up €300,000 (+400.0%), from €75,000 to €375,000
- Debts after one year +€108,477
up €108,477 (+18.4%), from €588,351 to €696,828
- Current portion of long-term debt +€80,549
up €80,549 (+18.6%), from €433,349 to €513,899
Income statement
- Staff costs +€518,775
up €518,775 (+27.1%), from €1.9m to €2.4m
- Gross operating margin +€356,983
up €356,983 (+11.4%), from €3.1m to €3.5m
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.
Result 2024
€322,494
Gross operating margin
+€356,983
Staff costs
-€518,775
Depreciation
+€5,046
Other operating charges
-€12,113
Other operating items
-€30,931
Financial income
+€3
Financial charges
-€6,641
Taxes
-€13,619
Result 2025
€102,448
Cash bridge derived
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.
From operations
-€189,106
Investment
-€312,607
Financing
+€414,026
Cash 2024
€186,864
From operations (derived)
-€189,106
Net result for the year
+€102,448
Depreciation
+€298,172
Receivables within one year
-€37,244
Deferred charges and accrued income
-€5,742
Trade debts
-€562,132
Tax, wage and social debts
+€16,656
Other debts
-€1,265
Investment (derived)
-€312,607
Investment in fixed assets (net)
-€312,607
Financing
+€414,026
Debts after one year
+€108,477
Current portion of long-term debt
+€80,549
Short-term financial debts
+€300,000
Contributions, distributions and other
-€75,000
Cash 2025
€99,177
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,706,300 | €4,676,034 | -€30,266 | -0.6% |
| Fixed assets | 21/28 | €2,214,142 | €2,228,577 | +€14,435 | +0.7% |
| Tangible fixed assets | 22/27 | €2,205,629 | €2,219,464 | +€13,835 | +0.6% |
| Plant, machinery and equipment | 23 | €214,693 | €219,647 | +€4,954 | +2.3% |
| Furniture and vehicles | 24 | €331,654 | €132,722 | -€198,932 | -60.0% |
| Leasing and similar rights | 25 | €1,642,960 | €1,853,589 | +€210,629 | +12.8% |
| Other tangible fixed assets | 26 | €16,322 | €13,506 | -€2,816 | -17.3% |
| Financial fixed assets | 28 | €8,513 | €9,113 | +€600 | +7.0% |
| Current assets | 29/58 | €2,492,158 | €2,447,457 | -€44,701 | -1.8% |
| Amounts receivable within one year | 40/41 | €2,196,092 | €2,233,335 | +€37,244 | +1.7% |
| Trade receivables | 40 | €1,987,465 | €2,040,521 | +€53,057 | +2.7% |
| Other amounts receivable | 41 | €208,627 | €192,814 | -€15,813 | -7.6% |
| Cash at bank and in hand | 54/58 | €186,864 | €99,177 | -€87,687 | -46.9% |
| Deferred charges and accrued income | 490/1 | €109,202 | €114,944 | +€5,742 | +5.3% |
| Total equity and liabilities | 10/49 | €4,706,300 | €4,676,034 | -€30,266 | -0.6% |
| Equity | 10/15 | €2,156,281 | €2,183,729 | +€27,448 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,137,681 | €2,165,129 | +€27,448 | +1.3% |
| Distributable reserves | 133 | €2,137,681 | €2,165,129 | +€27,448 | +1.3% |
| Amounts payable | 17/49 | €2,550,019 | €2,492,305 | -€57,715 | -2.3% |
| Amounts payable after more than one year | 17 | €588,351 | €696,828 | +€108,477 | +18.4% |
| Financial debts | 170/4 | €588,351 | €696,828 | +€108,477 | +18.4% |
| Amounts payable within one year | 42/48 | €1,961,668 | €1,795,477 | -€166,191 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €433,349 | €513,899 | +€80,549 | +18.6% |
| Financial debts | 43 | €75,000 | €375,000 | +€300,000 | +400.0% |
| Credit institutions | 430/8 | €75,000 | €375,000 | +€300,000 | +400.0% |
| Trade debts | 44 | €1,347,074 | €784,941 | -€562,132 | -41.7% |
| Suppliers | 440/4 | €1,347,074 | €784,941 | -€562,132 | -41.7% |
| Taxes, remuneration and social security | 45 | €92,920 | €109,576 | +€16,656 | +17.9% |
| Remuneration and social security | 454/9 | €92,920 | €109,576 | +€16,656 | +17.9% |
| Other amounts payable | 47/48 | €13,325 | €12,061 | -€1,265 | -9.5% |
| Non-recurring operating income | 76A | €413 | €27,853 | +€27,440 | +6640.5% |
| Remuneration, social security and pensions | 62 | €1,915,621 | €2,434,396 | +€518,775 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303,219 | €298,172 | -€5,046 | -1.7% |
| Other operating charges | 640/8 | €4,117 | €16,230 | +€12,113 | +294.2% |
| Non-recurring operating charges | 66A | €326,129 | €357,059 | +€30,931 | +9.5% |
| Gross operating margin | 9900 | €3,133,854 | €3,490,837 | +€356,983 | +11.4% |
| Operating profit (loss) | 9901 | €584,768 | €384,979 | -€199,789 | -34.2% |
| Financial income | 75/76B | €0 | €3 | +€3 | +28500.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +28500.0% |
| Financial charges | 65/66B | €116,731 | €123,372 | +€6,641 | +5.7% |
| Recurring financial charges | 65 | €116,731 | €123,372 | +€6,641 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €468,037 | €261,610 | -€206,427 | -44.1% |
| Income taxes | 67/77 | €145,543 | €159,162 | +€13,619 | +9.4% |
| Profit (loss) for the period | 9904 | €322,494 | €102,448 | -€220,045 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €322,494 | €102,448 | -€220,045 | -68.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.