EUROFINA: 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.
EUROFINA
Largest movements
- Financial fixed assets -€1.9m
down €1.9m (-65.1%), from €2.9m to €1.0m
- Receivables after one year +€902,752
up €902,752 (+515%), from €175,455 to €1.1m
- Receivables within one year -€765,116
down €765,116 (-74.4%), from €1.0m to €262,802
of which Other amounts receivable: -€810,612
- Current investments +€350,000
new in 2025: €350,000
- Other debts -€1.5m
down €1.5m (-95.9%), from €1.6m to €65,000
- Debts after one year +€67,606
up €67,606 (+3.0%), from €2.2m to €2.3m
- Gross operating margin +€42,964
up €42,964 (+25.7%), from €167,172 to €210,136
- Financial income -€38,755
down €38,755 (-21.5%), from €180,599 to €141,845
- Staff costs +€30,165
up €30,165 (+15.4%), from €196,070 to €226,235
- Financial charges -€16,902
down €16,902 (-23.3%), from €72,685 to €55,782
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 | €4,303,504 | €2,865,355 | -€1.4m | -33.4% |
| Fixed assets | 21/28 | €2,911,489 | €1,017,515 | -€1.9m | -65.1% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,911,489 | €1,017,515 | -€1.9m | -65.1% |
| Current assets | 29/58 | €1,392,016 | €1,847,841 | +€455,825 | +32.7% |
| Amounts receivable after more than one year | 29 | €175,455 | €1,078,208 | +€902,752 | +515% |
| Other amounts receivable | 291 | €175,455 | €1,078,208 | +€902,752 | +515% |
| Amounts receivable within one year | 40/41 | €1,027,919 | €262,802 | -€765,116 | -74.4% |
| Trade receivables | 40 | €131,696 | €177,192 | +€45,496 | +34.5% |
| Other amounts receivable | 41 | €896,223 | €85,610 | -€810,612 | -90.4% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €10,506 | €18,295 | +€7,790 | +74.1% |
| Deferred charges and accrued income | 490/1 | €178,136 | €138,536 | -€39,601 | -22.2% |
| Total equity and liabilities | 10/49 | €4,303,504 | €2,865,355 | -€1.4m | -33.4% |
| Equity | 10/15 | €369,993 | €371,641 | +€1,648 | +0.4% |
| Contributions | 10/11 | €297,472 | €297,472 | = | 0.0% |
| Reserves | 13 | €72,521 | €72,521 | = | 0.0% |
| Distributable reserves | 133 | €72,521 | €72,521 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €1,648 | +€1,648 | |
| Amounts payable | 17/49 | €3,933,511 | €2,493,714 | -€1.4m | -36.6% |
| Amounts payable after more than one year | 17 | €2,231,063 | €2,298,668 | +€67,606 | +3.0% |
| Financial debts | 170/4 | €2,231,063 | €2,298,668 | +€67,606 | +3.0% |
| Amounts payable within one year | 42/48 | €1,631,546 | €139,937 | -€1.5m | -91.4% |
| Trade debts | 44 | €17,575 | €9,701 | -€7,874 | -44.8% |
| Suppliers | 440/4 | €17,575 | €9,701 | -€7,874 | -44.8% |
| Taxes, remuneration and social security | 45 | €43,972 | €65,236 | +€21,265 | +48.4% |
| Taxes | 450/3 | €8,465 | €24,045 | +€15,580 | +184% |
| Remuneration and social security | 454/9 | €35,506 | €41,191 | +€5,685 | +16.0% |
| Other amounts payable | 47/48 | €1,570,000 | €65,000 | -€1.5m | -95.9% |
| Accrued charges and deferred income | 492/3 | €70,902 | €55,109 | -€15,793 | -22.3% |
| Remuneration, social security and pensions | 62 | €196,070 | €226,235 | +€30,165 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211 | €0 | -€211 | -100% |
| Other operating charges | 640/8 | €3,154 | €1,126 | -€2,027 | -64.3% |
| Gross operating margin | 9900 | €167,172 | €210,136 | +€42,964 | +25.7% |
| Operating profit (loss) | 9901 | -€32,262 | -€17,225 | +€15,037 | +46.6% |
| Financial income | 75/76B | €180,599 | €141,845 | -€38,755 | -21.5% |
| Recurring financial income | 75 | €180,599 | €141,845 | -€38,755 | -21.5% |
| Financial charges | 65/66B | €72,685 | €55,782 | -€16,902 | -23.3% |
| Recurring financial charges | 65 | €72,685 | €55,782 | -€16,902 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €75,653 | €68,837 | -€6,816 | -9.0% |
| Income taxes | 67/77 | €2,565 | €2,189 | -€376 | -14.6% |
| Profit (loss) for the period | 9904 | €73,088 | €66,648 | -€6,440 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,088 | €66,648 | -€6,440 | -8.8% |
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 23 October 2026 via checked.be.