EUROCOMMENT: 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.
EUROCOMMENT
Largest movements
- Receivables within one year +€54,160
up €54,160 (+14.5%), from €373,595 to €427,755
of which Other amounts receivable: +€108,696
- Cash -€15,344
down €15,344 (-61.2%), from €25,056 to €9,712
mainly Receivables within one year (-€54,160) and Tax, wage and social debts (-€34,771)
- Accrued charges and deferred income +€47,037
up €47,037 (+50.4%), from €93,245 to €140,283
- Tax, wage and social debts -€34,771
down €34,771 (-41.7%), from €83,436 to €48,665
- Reserves +€30,670
up €30,670 (+7.4%), from €414,980 to €445,650
- Gross operating margin -€68,230
down €68,230 (-59.6%), from €114,561 to €46,331
- Taxes -€17,768
down €17,768 (-64.8%), from €27,413 to €9,645
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 | €617,090 | €654,554 | +€37,465 | +6.1% |
| Fixed assets | 21/28 | €24,626 | €22,263 | -€2,363 | -9.6% |
| Tangible fixed assets | 22/27 | €24,626 | €22,263 | -€2,363 | -9.6% |
| Land and buildings | 22 | €9,585 | €8,315 | -€1,270 | -13.3% |
| Furniture and vehicles | 24 | €15,041 | €13,948 | -€1,093 | -7.3% |
| Current assets | 29/58 | €592,463 | €632,291 | +€39,828 | +6.7% |
| Amounts receivable after more than one year | 29 | €184,103 | €182,603 | -€1,500 | -0.8% |
| Other amounts receivable | 291 | €184,103 | €182,603 | -€1,500 | -0.8% |
| Amounts receivable within one year | 40/41 | €373,595 | €427,755 | +€54,160 | +14.5% |
| Trade receivables | 40 | €76,998 | €22,462 | -€54,536 | -70.8% |
| Other amounts receivable | 41 | €296,597 | €405,293 | +€108,696 | +36.6% |
| Current investments | 50/53 | €5,748 | €5,748 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,056 | €9,712 | -€15,344 | -61.2% |
| Deferred charges and accrued income | 490/1 | €3,961 | €6,472 | +€2,511 | +63.4% |
| Total equity and liabilities | 10/49 | €617,090 | €654,554 | +€37,465 | +6.1% |
| Equity | 10/15 | €421,189 | €451,860 | +€30,670 | +7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €414,980 | €445,650 | +€30,670 | +7.4% |
| Distributable reserves | 133 | €414,980 | €445,650 | +€30,670 | +7.4% |
| Profit (loss) carried forward | 14 | €9 | €10 | +€0 | +3.4% |
| Amounts payable | 17/49 | €195,900 | €202,694 | +€6,794 | +3.5% |
| Amounts payable within one year | 42/48 | €102,655 | €62,412 | -€40,243 | -39.2% |
| Trade debts | 44 | €19,219 | €13,747 | -€5,472 | -28.5% |
| Suppliers | 440/4 | €19,219 | €13,747 | -€5,472 | -28.5% |
| Taxes, remuneration and social security | 45 | €83,436 | €48,665 | -€34,771 | -41.7% |
| Taxes | 450/3 | €83,436 | €48,665 | -€34,771 | -41.7% |
| Accrued charges and deferred income | 492/3 | €93,245 | €140,283 | +€47,037 | +50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,880 | €3,238 | +€358 | +12.4% |
| Other operating charges | 640/8 | €1,134 | €1,284 | +€149 | +13.2% |
| Gross operating margin | 9900 | €114,561 | €46,331 | -€68,230 | -59.6% |
| Operating profit (loss) | 9901 | €110,547 | €41,809 | -€68,738 | -62.2% |
| Financial income | 75/76B | €358 | €4 | -€354 | -98.8% |
| Recurring financial income | 75 | €358 | €4 | -€354 | -98.8% |
| Financial charges | 65/66B | €1,799 | €1,498 | -€301 | -16.8% |
| Recurring financial charges | 65 | €1,799 | €1,498 | -€301 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €109,106 | €40,316 | -€68,790 | -63.0% |
| Income taxes | 67/77 | €27,413 | €9,645 | -€17,768 | -64.8% |
| Profit (loss) for the period | 9904 | €81,693 | €30,670 | -€51,023 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,693 | €30,670 | -€51,023 | -62.5% |
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 21 October 2026 via checked.be.