EUROCOM: 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.
EUROCOM
Largest movements
- Current investments +€80,349
up €80,349 (+5.8%), from €1.4m to €1.5m
- Tangible fixed assets +€57,734
up €57,734 (+31.5%), from €183,382 to €241,117
of which Furniture and vehicles: +€64,800
- Cash -€50,145
down €50,145 (-21.1%), from €237,560 to €187,415
mainly Current investments (-€80,349) and Investment in fixed assets (net) (-€70,671)
- Receivables within one year +€28,172
up €28,172 (+62.6%), from €45,009 to €73,182
of which Trade receivables: +€19,174
- Other debts +€95,314
up €95,314 (+7.8%), from €1.2m to €1.3m
- Debts after one year +€33,218
up €33,218 (+36.2%), from €91,801 to €125,019
- Financial income +€51,903
up €51,903 (+807.1%), from €6,431 to €58,335
- Gross operating margin -€41,703
down €41,703, from €37,040 to -€4,663
- Taxes +€17,657
up €17,657 (+157.7%), from €11,194 to €28,852
- Depreciation +€2,418
up €2,418 (+23.0%), from €10,519 to €12,937
- Other operating charges +€965
up €965 (+32.1%), from €3,011 to €3,976
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 | €1,855,553 | €1,971,800 | +€116,247 | +6.3% |
| Fixed assets | 21/28 | €183,382 | €241,117 | +€57,734 | +31.5% |
| Tangible fixed assets | 22/27 | €183,382 | €241,117 | +€57,734 | +31.5% |
| Land and buildings | 22 | €183,382 | €173,483 | -€9,899 | -5.4% |
| Plant, machinery and equipment | 23 | - | €2,833 | +€2,833 | |
| Furniture and vehicles | 24 | - | €64,800 | +€64,800 | |
| Current assets | 29/58 | €1,672,171 | €1,730,683 | +€58,512 | +3.5% |
| Amounts receivable within one year | 40/41 | €45,009 | €73,182 | +€28,172 | +62.6% |
| Trade receivables | 40 | €36,163 | €55,338 | +€19,174 | +53.0% |
| Other amounts receivable | 41 | €8,846 | €17,844 | +€8,998 | +101.7% |
| Current investments | 50/53 | €1,389,573 | €1,469,921 | +€80,349 | +5.8% |
| Cash at bank and in hand | 54/58 | €237,560 | €187,415 | -€50,145 | -21.1% |
| Deferred charges and accrued income | 490/1 | €29 | €165 | +€136 | +471.6% |
| Total equity and liabilities | 10/49 | €1,855,553 | €1,971,800 | +€116,247 | +6.3% |
| Equity | 10/15 | €463,357 | €468,476 | +€5,119 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €208,094 | €212,696 | +€4,601 | +2.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,234 | €53,836 | -€3,399 | -5.9% |
| Distributable reserves | 133 | €149,000 | €157,000 | +€8,000 | +5.4% |
| Profit (loss) carried forward | 14 | €236,663 | €237,181 | +€518 | +0.2% |
| Provisions and deferred taxes | 16 | €15,276 | €14,143 | -€1,133 | -7.4% |
| Deferred taxes | 168 | €15,276 | €14,143 | -€1,133 | -7.4% |
| Amounts payable | 17/49 | €1,376,921 | €1,489,181 | +€112,260 | +8.2% |
| Amounts payable after more than one year | 17 | €91,801 | €125,019 | +€33,218 | +36.2% |
| Financial debts | 170/4 | €91,801 | €125,019 | +€33,218 | +36.2% |
| Amounts payable within one year | 42/48 | €1,281,227 | €1,362,356 | +€81,128 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €21,609 | €32,826 | +€11,217 | +51.9% |
| Trade debts | 44 | €6,734 | €284 | -€6,450 | -95.8% |
| Suppliers | 440/4 | €6,734 | €284 | -€6,450 | -95.8% |
| Taxes, remuneration and social security | 45 | €38,608 | €19,656 | -€18,952 | -49.1% |
| Taxes | 450/3 | €28,608 | €9,656 | -€18,952 | -66.2% |
| Remuneration and social security | 454/9 | €10,000 | €10,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,214,276 | €1,309,590 | +€95,314 | +7.8% |
| Accrued charges and deferred income | 492/3 | €3,892 | €1,806 | -€2,086 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,519 | €12,937 | +€2,418 | +23.0% |
| Other operating charges | 640/8 | €3,011 | €3,976 | +€965 | +32.1% |
| Gross operating margin | 9900 | €37,040 | -€4,663 | -€41,703 | |
| Operating profit (loss) | 9901 | €23,510 | -€21,576 | -€45,086 | |
| Financial income | 75/76B | €6,431 | €58,335 | +€51,903 | +807.1% |
| Recurring financial income | 75 | €6,431 | €58,335 | +€51,903 | +807.1% |
| Financial charges | 65/66B | €3,173 | €3,921 | +€749 | +23.6% |
| Recurring financial charges | 65 | €3,173 | €3,921 | +€749 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €26,769 | €32,838 | +€6,069 | +22.7% |
| Transfer from deferred taxes | 780 | €1,133 | €1,133 | = | 0.0% |
| Income taxes | 67/77 | €11,194 | €28,852 | +€17,657 | +157.7% |
| Profit (loss) for the period | 9904 | €16,708 | €5,119 | -€11,588 | -69.4% |
| Transfer from tax-exempt reserves | 789 | €3,399 | €3,399 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,106 | €8,518 | -€11,588 | -57.6% |
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 11 October 2026 via checked.be.