EUROCORK: 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.
EUROCORK
Largest movements
- Receivables within one year +€166,474
up €166,474 (+380%), from €43,791 to €210,265
of which Other amounts receivable: +€174,332
- Stocks and contracts +€26,122
up €26,122 (+8.3%), from €315,442 to €341,564
- Cash +€21,814
up €21,814 (+40.2%), from €54,273 to €76,087
mainly Other debts (+€77,316) and Short-term financial debts (+€60,000)
- Tangible fixed assets -€18,923
down €18,923 (-65.3%), from €28,995 to €10,072
- Other debts +€77,316
up €77,316 (+36.7%), from €210,778 to €288,094
- Short-term financial debts +€60,000
new in 2025: €60,000
- Trade debts +€57,463
up €57,463 (+213%), from €27,035 to €84,498
- Gross operating margin +€70,570
up €70,570 (+109%), from €64,657 to €135,227
- Other operating charges +€17,125
up €17,125 (+2,687%), from €637 to €17,763
- Depreciation -€12,126
down €12,126 (-39.1%), from €31,048 to €18,923
- Financial charges +€6,475
up €6,475 (+143%), from €4,542 to €11,016
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 | €457,222 | €649,699 | +€192,478 | +42.1% |
| Fixed assets | 21/28 | €28,995 | €10,072 | -€18,923 | -65.3% |
| Tangible fixed assets | 22/27 | €28,995 | €10,072 | -€18,923 | -65.3% |
| Plant, machinery and equipment | 23 | €28,995 | €10,072 | -€18,923 | -65.3% |
| Current assets | 29/58 | €428,227 | €639,628 | +€211,400 | +49.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €315,442 | €341,564 | +€26,122 | +8.3% |
| Stocks | 30/36 | €315,442 | €341,564 | +€26,122 | +8.3% |
| Amounts receivable within one year | 40/41 | €43,791 | €210,265 | +€166,474 | +380% |
| Trade receivables | 40 | €31,298 | €23,441 | -€7,858 | -25.1% |
| Other amounts receivable | 41 | €12,493 | €186,824 | +€174,332 | +1,395% |
| Cash at bank and in hand | 54/58 | €54,273 | €76,087 | +€21,814 | +40.2% |
| Deferred charges and accrued income | 490/1 | €14,721 | €11,712 | -€3,009 | -20.4% |
| Total equity and liabilities | 10/49 | €457,222 | €649,699 | +€192,478 | +42.1% |
| Equity | 10/15 | €208,671 | €209,599 | +€929 | +0.4% |
| 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 | €146,671 | €147,599 | +€929 | +0.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,239 | €1,239 | = | 0.0% |
| Distributable reserves | 133 | €139,231 | €140,160 | +€929 | +0.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €248,551 | €440,100 | +€191,549 | +77.1% |
| Amounts payable within one year | 42/48 | €248,156 | €439,155 | +€190,999 | +77.0% |
| Financial debts | 43 | - | €60,000 | +€60,000 | |
| Credit institutions | 430/8 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €27,035 | €84,498 | +€57,463 | +213% |
| Suppliers | 440/4 | €27,035 | €84,498 | +€57,463 | +213% |
| Taxes, remuneration and social security | 45 | €10,343 | €6,563 | -€3,780 | -36.5% |
| Taxes | 450/3 | €1,241 | €2,980 | +€1,740 | +140% |
| Remuneration and social security | 454/9 | €9,103 | €3,583 | -€5,520 | -60.6% |
| Other amounts payable | 47/48 | €210,778 | €288,094 | +€77,316 | +36.7% |
| Accrued charges and deferred income | 492/3 | €395 | €945 | +€551 | +139% |
| Remuneration, social security and pensions | 62 | €50,174 | €50,913 | +€739 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,048 | €18,923 | -€12,126 | -39.1% |
| Other operating charges | 640/8 | €637 | €17,763 | +€17,125 | +2,687% |
| Gross operating margin | 9900 | €64,657 | €135,227 | +€70,570 | +109% |
| Operating profit (loss) | 9901 | -€17,203 | €47,628 | +€64,831 | |
| Financial income | 75/76B | €377 | €316 | -€61 | -16.2% |
| Recurring financial income | 75 | €377 | €316 | -€61 | -16.2% |
| Financial charges | 65/66B | €4,542 | €11,016 | +€6,475 | +143% |
| Recurring financial charges | 65 | €4,542 | €11,016 | +€6,475 | +143% |
| Profit (loss) for the period before taxes | 9903 | -€21,367 | €36,929 | +€58,296 | |
| Profit (loss) for the period | 9904 | -€21,367 | €36,929 | +€58,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,367 | €36,929 | +€58,296 |
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 26 October 2026 via checked.be.