EUROFA: 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.
EUROFA
Largest movements
- Receivables within one year -€67,864
down €67,864 (-77.1%), from €88,021 to €20,157
of which Trade receivables: -€55,908
- Cash +€63,010
up €63,010 (+50.5%), from €124,754 to €187,764
mainly Net result for the year (+€101,851) and Receivables within one year (+€67,864)
- Deferred charges and accrued income +€14,774
up €14,774 (+444.9%), from €3,321 to €18,095
- Tangible fixed assets -€7,686
down €7,686 (-18.3%), from €42,088 to €34,402
of which Land and buildings: -€19,897
- Financial fixed assets +€4,385
up €4,385 (+116.6%), from €3,761 to €8,146
- Trade debts -€39,208
down €39,208 (-79.9%), from €49,045 to €9,836
- Other debts +€35,850
up €35,850 (+51.5%), from €69,560 to €105,409
- Tax, wage and social debts +€13,466
up €13,466 (+49.7%), from €27,111 to €40,577
of which Remuneration and social security: +€9,729
- Accrued charges and deferred income -€3,489
down €3,489 (-100.0%), from €3,489 to €0
- Gross operating margin +€129,758
up €129,758 (+43.7%), from €296,841 to €426,598
- Staff costs +€31,922
up €31,922 (+18.2%), from €174,994 to €206,916
- Taxes +€19,537
up €19,537 (+78.8%), from €24,781 to €44,317
- Other operating charges +€12,401
up €12,401 (+42.4%), from €29,265 to €41,666
- Financial income -€8,427
down €8,427 (-90.1%), from €9,352 to €925
of which Non-recurring financial income: -€8,264
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 | €261,945 | €268,563 | +€6,618 | +2.5% |
| Fixed assets | 21/28 | €45,850 | €42,548 | -€3,301 | -7.2% |
| Tangible fixed assets | 22/27 | €42,088 | €34,402 | -€7,686 | -18.3% |
| Land and buildings | 22 | €19,897 | €0 | -€19,897 | -100.0% |
| Plant, machinery and equipment | 23 | €2,747 | €1,880 | -€867 | -31.6% |
| Furniture and vehicles | 24 | €9,823 | €9,445 | -€378 | -3.9% |
| Other tangible fixed assets | 26 | €9,621 | €23,077 | +€13,456 | +139.9% |
| Financial fixed assets | 28 | €3,761 | €8,146 | +€4,385 | +116.6% |
| Current assets | 29/58 | €216,096 | €226,015 | +€9,920 | +4.6% |
| Amounts receivable within one year | 40/41 | €88,021 | €20,157 | -€67,864 | -77.1% |
| Trade receivables | 40 | €75,130 | €19,221 | -€55,908 | -74.4% |
| Other amounts receivable | 41 | €12,891 | €935 | -€11,956 | -92.7% |
| Cash at bank and in hand | 54/58 | €124,754 | €187,764 | +€63,010 | +50.5% |
| Deferred charges and accrued income | 490/1 | €3,321 | €18,095 | +€14,774 | +444.9% |
| Total equity and liabilities | 10/49 | €261,945 | €268,563 | +€6,618 | +2.5% |
| Equity | 10/15 | €112,741 | €112,741 | = | 0.0% |
| Contributions | 10/11 | €68,000 | €68,000 | = | 0.0% |
| Capital | 10 | €68,000 | €68,000 | = | 0.0% |
| Issued capital | 100 | €68,000 | €68,000 | = | 0.0% |
| Reserves | 13 | €44,741 | €44,741 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,800 | €6,800 | = | 0.0% |
| Legal reserve | 130 | €6,800 | €6,800 | = | 0.0% |
| Distributable reserves | 133 | €37,941 | €37,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €149,204 | €155,823 | +€6,618 | +4.4% |
| Amounts payable within one year | 42/48 | €145,715 | €155,823 | +€10,107 | +6.9% |
| Trade debts | 44 | €49,045 | €9,836 | -€39,208 | -79.9% |
| Suppliers | 440/4 | €49,045 | €9,836 | -€39,208 | -79.9% |
| Taxes, remuneration and social security | 45 | €27,111 | €40,577 | +€13,466 | +49.7% |
| Taxes | 450/3 | €9,851 | €13,589 | +€3,738 | +37.9% |
| Remuneration and social security | 454/9 | €17,260 | €26,988 | +€9,729 | +56.4% |
| Other amounts payable | 47/48 | €69,560 | €105,409 | +€35,850 | +51.5% |
| Accrued charges and deferred income | 492/3 | €3,489 | €0 | -€3,489 | -100.0% |
| Remuneration, social security and pensions | 62 | €174,994 | €206,916 | +€31,922 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,732 | €10,545 | +€2,813 | +36.4% |
| Other operating charges | 640/8 | €29,265 | €41,666 | +€12,401 | +42.4% |
| Non-recurring operating charges | 66A | - | €18,572 | +€18,572 | |
| Gross operating margin | 9900 | €296,841 | €426,598 | +€129,758 | +43.7% |
| Operating profit (loss) | 9901 | €84,849 | €148,900 | +€64,051 | +75.5% |
| Financial income | 75/76B | €9,352 | €925 | -€8,427 | -90.1% |
| Recurring financial income | 75 | €1,088 | €925 | -€163 | -15.0% |
| Non-recurring financial income | 76B | €8,264 | €0 | -€8,264 | -100.0% |
| Financial charges | 65/66B | €2,717 | €3,657 | +€940 | +34.6% |
| Recurring financial charges | 65 | €2,717 | €3,657 | +€940 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €91,484 | €146,168 | +€54,684 | +59.8% |
| Income taxes | 67/77 | €24,781 | €44,317 | +€19,537 | +78.8% |
| Profit (loss) for the period | 9904 | €66,703 | €101,851 | +€35,147 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,703 | €101,851 | +€35,147 | +52.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.