EUROCONDITIONNEMENT: what changed
What changed
EUROCONDITIONNEMENT
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
-€188,781
2024 · €10,817-€199,598
Equity
€252,077
2024 · €440,858-€188,781
Cash
€85,023
2024 · €84,501+€522
Balance sheet total
€1.5m
2024 · €1.7m-€283,024
Largest movements
Assets
- Receivables within one year -€105,218
down €105,218 (-26.4%), from €398,135 to €292,917
of which Trade receivables: -€133,094
- Tangible fixed assets -€95,410
down €95,410 (-16.8%), from €569,056 to €473,646
of which Leasing and similar rights: -€65,550
- Stocks and contracts -€82,918
down €82,918 (-12.0%), from €688,233 to €605,315
Equity and liabilities
- Profit (loss) carried forward -€188,781
new in 2025: -€188,781
- Short-term financial debts +€136,087
up €136,087 (+35.4%), from €384,242 to €520,329
- Trade debts -€135,075
down €135,075 (-53.5%), from €252,457 to €117,382
- Other debts -€120,000
down €120,000 (-99.7%), from €120,370 to €370
Income statement
- Gross operating margin -€237,726
down €237,726 (-24.5%), from €971,286 to €733,559
- Taxes -€9,846
down €9,846 (-91.0%), from €10,823 to €977
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,817
Gross operating margin
-€237,726
Staff costs
+€2,129
Depreciation
+€5,640
Other operating charges
-€3,016
Other operating items
+€18,164
Financial income
-€682
Financial charges
+€6,048
Taxes
+€9,846
Result 2025
-€188,781
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€137,218
Investment
-€9,892
Financing
+€147,633
Cash 2024
€84,501
From operations (derived)
-€137,218
Net result for the year
-€188,781
Depreciation
+€105,302
Stocks and contracts
+€82,918
Receivables within one year
+€105,218
Trade debts
-€135,075
Tax, wage and social debts
+€15,299
Other debts
-€120,000
Accrued charges and deferred income
-€2,100
Investment (derived)
-€9,892
Investment in fixed assets (net)
-€9,892
Financing
+€147,633
Debts after one year
-€4,344
Current portion of long-term debt
+€15,890
Short-term financial debts
+€136,087
Cash 2025
€85,023
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,740,596 | €1,457,571 | -€283,024 | -16.3% |
| Fixed assets | 21/28 | €569,726 | €474,316 | -€95,410 | -16.7% |
| Tangible fixed assets | 22/27 | €569,056 | €473,646 | -€95,410 | -16.8% |
| Land and buildings | 22 | €95,492 | €87,300 | -€8,192 | -8.6% |
| Plant, machinery and equipment | 23 | €162,453 | €141,218 | -€21,234 | -13.1% |
| Furniture and vehicles | 24 | €38,424 | €37,991 | -€434 | -1.1% |
| Leasing and similar rights | 25 | €272,687 | €207,137 | -€65,550 | -24.0% |
| Financial fixed assets | 28 | €670 | €670 | = | 0.0% |
| Current assets | 29/58 | €1,170,870 | €983,255 | -€187,614 | -16.0% |
| Stocks and contracts in progress | 3 | €688,233 | €605,315 | -€82,918 | -12.0% |
| Stocks | 30/36 | €688,233 | €605,315 | -€82,918 | -12.0% |
| Amounts receivable within one year | 40/41 | €398,135 | €292,917 | -€105,218 | -26.4% |
| Trade receivables | 40 | €377,077 | €243,983 | -€133,094 | -35.3% |
| Other amounts receivable | 41 | €21,058 | €48,934 | +€27,875 | +132% |
| Cash at bank and in hand | 54/58 | €84,501 | €85,023 | +€522 | +0.6% |
| Total equity and liabilities | 10/49 | €1,740,596 | €1,457,571 | -€283,024 | -16.3% |
| Equity | 10/15 | €440,858 | €252,077 | -€188,781 | -42.8% |
| Contributions | 10/11 | €364,096 | €364,096 | = | 0.0% |
| Capital | 10 | €364,096 | €364,096 | = | 0.0% |
| Issued capital | 100 | €364,096 | €364,096 | = | 0.0% |
| Reserves | 13 | €76,762 | €76,762 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,841 | €30,841 | = | 0.0% |
| Legal reserve | 130 | €30,841 | €30,841 | = | 0.0% |
| Distributable reserves | 133 | €45,921 | €45,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€188,781 | -€188,781 | |
| Amounts payable | 17/49 | €1,299,737 | €1,205,494 | -€94,243 | -7.3% |
| Amounts payable after more than one year | 17 | €272,891 | €268,546 | -€4,344 | -1.6% |
| Financial debts | 170/4 | €272,891 | €268,546 | -€4,344 | -1.6% |
| Amounts payable within one year | 42/48 | €1,022,647 | €934,848 | -€87,799 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €132,918 | €148,808 | +€15,890 | +12.0% |
| Financial debts | 43 | €384,242 | €520,329 | +€136,087 | +35.4% |
| Credit institutions | 430/8 | €384,242 | €520,329 | +€136,087 | +35.4% |
| Trade debts | 44 | €252,457 | €117,382 | -€135,075 | -53.5% |
| Suppliers | 440/4 | €252,457 | €117,382 | -€135,075 | -53.5% |
| Taxes, remuneration and social security | 45 | €132,661 | €147,960 | +€15,299 | +11.5% |
| Taxes | 450/3 | €37,176 | €30,614 | -€6,562 | -17.7% |
| Remuneration and social security | 454/9 | €95,484 | €117,346 | +€21,861 | +22.9% |
| Other amounts payable | 47/48 | €120,370 | €370 | -€120,000 | -99.7% |
| Accrued charges and deferred income | 492/3 | €4,200 | €2,100 | -€2,100 | -50.0% |
| Remuneration, social security and pensions | 62 | €741,214 | €739,085 | -€2,129 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,942 | €105,302 | -€5,640 | -5.1% |
| Other operating charges | 640/8 | €20,642 | €23,657 | +€3,016 | +14.6% |
| Non-recurring operating charges | 66A | €18,164 | €0 | -€18,164 | -100% |
| Gross operating margin | 9900 | €971,286 | €733,559 | -€237,726 | -24.5% |
| Operating profit (loss) | 9901 | €80,325 | -€134,485 | -€214,810 | |
| Financial income | 75/76B | €774 | €92 | -€682 | -88.1% |
| Recurring financial income | 75 | €774 | €92 | -€682 | -88.1% |
| Financial charges | 65/66B | €59,460 | €53,412 | -€6,048 | -10.2% |
| Recurring financial charges | 65 | €59,460 | €53,412 | -€6,048 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €21,639 | -€187,804 | -€209,444 | |
| Income taxes | 67/77 | €10,823 | €977 | -€9,846 | -91.0% |
| Profit (loss) for the period | 9904 | €10,817 | -€188,781 | -€199,598 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,817 | -€188,781 | -€199,598 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.