@EUROFIN: 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.
@EUROFIN
Largest movements
- Tangible fixed assets +€124,369
up €124,369 (+2832.3%), from €4,391 to €128,760
of which Furniture and vehicles: +€124,536
- Intangible fixed assets -€24,249
down €24,249 (-5.4%), from €452,049 to €427,800
- Receivables within one year +€7,104
up €7,104 (+29.1%), from €24,422 to €31,525
- Debts after one year +€40,744
up €40,744 (+11.3%), from €360,113 to €400,856
- Current portion of long-term debt +€26,997
up €26,997 (+60.2%), from €44,821 to €71,819
- Profit (loss) carried forward +€17,479
up €17,479 (+71.0%), from €24,616 to €42,095
- Trade debts +€16,763
up €16,763 (+135.3%), from €12,391 to €29,153
- Tax, wage and social debts +€10,384
up €10,384 (+45.2%), from €22,953 to €33,337
of which Taxes: +€6,701
- Gross operating margin +€28,954
up €28,954 (+16.7%), from €172,900 to €201,853
- Depreciation +€12,143
up €12,143 (+46.2%), from €26,301 to €38,445
- Staff costs +€11,780
up €11,780 (+12.1%), from €97,442 to €109,223
- Financial charges -€3,384
down €3,384 (-14.6%), from €23,148 to €19,764
of which Financial charges: -€2,342
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 | €495,496 | €606,281 | +€110,784 | +22.4% |
| Fixed assets | 21/28 | €463,800 | €561,685 | +€97,885 | +21.1% |
| Intangible fixed assets | 21 | €452,049 | €427,800 | -€24,249 | -5.4% |
| Tangible fixed assets | 22/27 | €4,391 | €128,760 | +€124,369 | +2832.3% |
| Plant, machinery and equipment | 23 | €452 | €286 | -€167 | -36.9% |
| Furniture and vehicles | 24 | €3,939 | €128,474 | +€124,536 | +3161.7% |
| Financial fixed assets | 28 | €7,360 | €5,125 | -€2,235 | -30.4% |
| Current assets | 29/58 | €31,696 | €44,596 | +€12,900 | +40.7% |
| Amounts receivable within one year | 40/41 | €24,422 | €31,525 | +€7,104 | +29.1% |
| Trade receivables | 40 | €24,422 | €31,525 | +€7,104 | +29.1% |
| Cash at bank and in hand | 54/58 | €7,274 | €13,070 | +€5,796 | +79.7% |
| Total equity and liabilities | 10/49 | €495,496 | €606,281 | +€110,784 | +22.4% |
| Equity | 10/15 | €29,616 | €47,095 | +€17,479 | +59.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,616 | €42,095 | +€17,479 | +71.0% |
| Amounts payable | 17/49 | €465,880 | €559,186 | +€93,305 | +20.0% |
| Amounts payable after more than one year | 17 | €360,113 | €400,856 | +€40,744 | +11.3% |
| Financial debts | 170/4 | €360,113 | €400,856 | +€40,744 | +11.3% |
| Amounts payable within one year | 42/48 | €105,648 | €158,329 | +€52,682 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €44,821 | €71,819 | +€26,997 | +60.2% |
| Trade debts | 44 | €12,391 | €29,153 | +€16,763 | +135.3% |
| Suppliers | 440/4 | €12,391 | €29,153 | +€16,763 | +135.3% |
| Taxes, remuneration and social security | 45 | €22,953 | €33,337 | +€10,384 | +45.2% |
| Taxes | 450/3 | €13,923 | €20,624 | +€6,701 | +48.1% |
| Remuneration and social security | 454/9 | €9,030 | €12,713 | +€3,683 | +40.8% |
| Other amounts payable | 47/48 | €25,482 | €24,021 | -€1,462 | -5.7% |
| Accrued charges and deferred income | 492/3 | €120 | - | -€120 | |
| Remuneration, social security and pensions | 62 | €97,442 | €109,223 | +€11,780 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,301 | €38,445 | +€12,143 | +46.2% |
| Other operating charges | 640/8 | €4,668 | €5,803 | +€1,135 | +24.3% |
| Gross operating margin | 9900 | €172,900 | €201,853 | +€28,954 | +16.7% |
| Operating profit (loss) | 9901 | €44,487 | €48,383 | +€3,896 | +8.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €23,148 | €19,764 | -€3,384 | -14.6% |
| Recurring financial charges | 65 | €21,906 | €19,564 | -€2,342 | -10.7% |
| Non-recurring financial charges | 66B | €1,242 | €200 | -€1,042 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €21,339 | €28,620 | +€7,280 | +34.1% |
| Income taxes | 67/77 | €11,582 | €11,141 | -€441 | -3.8% |
| Profit (loss) for the period | 9904 | €9,758 | €17,479 | +€7,721 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,758 | €17,479 | +€7,721 | +79.1% |
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 10 October 2026 via checked.be.