EUROCAP: 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.
EUROCAP
Largest movements
- Receivables within one year -€184,930
down €184,930 (-17.4%), from €1.1m to €879,111
of which Trade receivables: -€253,277
- Cash +€39,115
up €39,115 (+33.4%), from €117,224 to €156,339
mainly Net result for the year (+€549,155) and Receivables within one year (+€184,930)
- Other debts -€226,680
down €226,680 (-28.5%), from €795,000 to €568,320
- Trade debts +€116,139
up €116,139 (+15.1%), from €770,751 to €886,890
- Tax, wage and social debts -€44,261
down €44,261 (-50.8%), from €87,118 to €42,857
of which Taxes: -€40,083
- Gross operating margin -€328,679
down €328,679 (-33.1%), from €992,265 to €663,586
- Staff costs -€96,037
down €96,037 (-52.5%), from €182,918 to €86,881
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,829,602 | €1,674,127 | -€155,475 | -8.5% |
| Fixed assets | 21/28 | €4,147 | €2,167 | -€1,980 | -47.7% |
| Tangible fixed assets | 22/27 | €4,147 | €2,167 | -€1,980 | -47.7% |
| Plant, machinery and equipment | 23 | €3,251 | €1,884 | -€1,368 | -42.1% |
| Furniture and vehicles | 24 | €896 | €284 | -€612 | -68.3% |
| Current assets | 29/58 | €1,825,455 | €1,671,959 | -€153,495 | -8.4% |
| Amounts receivable after more than one year | 29 | €112,531 | €117,594 | +€5,064 | +4.5% |
| Other amounts receivable | 291 | €112,531 | €117,594 | +€5,064 | +4.5% |
| Stocks and contracts in progress | 3 | €523,389 | €506,504 | -€16,885 | -3.2% |
| Stocks | 30/36 | €523,389 | €506,504 | -€16,885 | -3.2% |
| Amounts receivable within one year | 40/41 | €1,064,041 | €879,111 | -€184,930 | -17.4% |
| Trade receivables | 40 | €769,300 | €516,024 | -€253,277 | -32.9% |
| Other amounts receivable | 41 | €294,740 | €363,087 | +€68,347 | +23.2% |
| Cash at bank and in hand | 54/58 | €117,224 | €156,339 | +€39,115 | +33.4% |
| Deferred charges and accrued income | 490/1 | €8,271 | €12,410 | +€4,140 | +50.1% |
| Total equity and liabilities | 10/49 | €1,829,602 | €1,674,127 | -€155,475 | -8.5% |
| Equity | 10/15 | €176,576 | €175,731 | -€845 | -0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €114,576 | €113,731 | -€845 | -0.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €108,376 | €107,531 | -€845 | -0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,653,026 | €1,498,396 | -€154,630 | -9.4% |
| Amounts payable within one year | 42/48 | €1,652,869 | €1,498,067 | -€154,802 | -9.4% |
| Trade debts | 44 | €770,751 | €886,890 | +€116,139 | +15.1% |
| Suppliers | 440/4 | €770,751 | €886,890 | +€116,139 | +15.1% |
| Taxes, remuneration and social security | 45 | €87,118 | €42,857 | -€44,261 | -50.8% |
| Taxes | 450/3 | €68,867 | €28,784 | -€40,083 | -58.2% |
| Remuneration and social security | 454/9 | €18,251 | €14,073 | -€4,178 | -22.9% |
| Other amounts payable | 47/48 | €795,000 | €568,320 | -€226,680 | -28.5% |
| Accrued charges and deferred income | 492/3 | €158 | €329 | +€171 | +108.7% |
| Remuneration, social security and pensions | 62 | €182,918 | €86,881 | -€96,037 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,980 | €1,980 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€516 | €3,411 | +€3,927 | |
| Other operating charges | 640/8 | €2,451 | €8,904 | +€6,453 | +263.3% |
| Gross operating margin | 9900 | €992,265 | €663,586 | -€328,679 | -33.1% |
| Operating profit (loss) | 9901 | €805,433 | €562,410 | -€243,023 | -30.2% |
| Financial income | 75/76B | €5,756 | €7,285 | +€1,528 | +26.6% |
| Recurring financial income | 75 | €5,756 | €7,285 | +€1,528 | +26.6% |
| Financial charges | 65/66B | €15,710 | €19,695 | +€3,985 | +25.4% |
| Recurring financial charges | 65 | €15,710 | €19,695 | +€3,985 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €795,479 | €550,000 | -€245,479 | -30.9% |
| Income taxes | 67/77 | €1,609 | €845 | -€764 | -47.5% |
| Profit (loss) for the period | 9904 | €793,869 | €549,155 | -€244,714 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €793,869 | €549,155 | -€244,714 | -30.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.