EUROFINCO: 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.
EUROFINCO
Largest movements
- Intangible fixed assets -€272,841
down €272,841 (-25.9%), from €1.1m to €781,731
- Receivables within one year -€161,314
down €161,314 (-91.0%), from €177,270 to €15,956
of which Trade receivables: -€157,340
- Tangible fixed assets +€104,930
up €104,930 (+228%), from €46,027 to €150,957
of which Land and buildings: +€59,682
- Debts after one year -€352,628
down €352,628 (-43.0%), from €819,721 to €467,093
of which Other amounts payable: -€325,000
- Current portion of long-term debt +€20,248
up €20,248 (+17.7%), from €114,276 to €134,523
- Gross operating margin +€325,871
up €325,871 (+91.4%), from €356,506 to €682,377
- Staff costs +€113,059
up €113,059 (+62.1%), from €182,158 to €295,217
- Other operating charges +€14,119
up €14,119 (+232%), from €6,076 to €20,196
- Provisions -€10,135
down €10,135 (-96.9%), from €10,461 to €325
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 | €1,297,444 | €981,074 | -€316,369 | -24.4% |
| Fixed assets | 21/28 | €1,100,599 | €932,688 | -€167,911 | -15.3% |
| Intangible fixed assets | 21 | €1,054,572 | €781,731 | -€272,841 | -25.9% |
| Tangible fixed assets | 22/27 | €46,027 | €150,957 | +€104,930 | +228% |
| Land and buildings | 22 | - | €59,682 | +€59,682 | |
| Plant, machinery and equipment | 23 | €144 | - | -€144 | |
| Furniture and vehicles | 24 | €45,883 | €91,275 | +€45,392 | +98.9% |
| Current assets | 29/58 | €196,845 | €48,386 | -€148,458 | -75.4% |
| Amounts receivable within one year | 40/41 | €177,270 | €15,956 | -€161,314 | -91.0% |
| Trade receivables | 40 | €173,296 | €15,956 | -€157,340 | -90.8% |
| Other amounts receivable | 41 | €3,974 | - | -€3,974 | |
| Cash at bank and in hand | 54/58 | €19,574 | €32,430 | +€12,856 | +65.7% |
| Total equity and liabilities | 10/49 | €1,297,444 | €981,074 | -€316,369 | -24.4% |
| Equity | 10/15 | €123,439 | €126,055 | +€2,615 | +2.1% |
| 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 | €61,439 | €64,055 | +€2,615 | +4.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €55,239 | €57,855 | +€2,615 | +4.7% |
| Amounts payable | 17/49 | €1,174,004 | €855,020 | -€318,985 | -27.2% |
| Amounts payable after more than one year | 17 | €819,721 | €467,093 | -€352,628 | -43.0% |
| Financial debts | 170/4 | €369,721 | €342,093 | -€27,628 | -7.5% |
| Other amounts payable | 178/9 | €450,000 | €125,000 | -€325,000 | -72.2% |
| Amounts payable within one year | 42/48 | €337,829 | €371,357 | +€33,528 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €114,276 | €134,523 | +€20,248 | +17.7% |
| Trade debts | 44 | €1,029 | €9,984 | +€8,955 | +870% |
| Suppliers | 440/4 | €1,029 | €9,984 | +€8,955 | +870% |
| Taxes, remuneration and social security | 45 | €22,524 | €22,849 | +€325 | +1.4% |
| Remuneration and social security | 454/9 | €22,524 | €22,849 | +€325 | +1.4% |
| Other amounts payable | 47/48 | €200,000 | €204,000 | +€4,000 | +2.0% |
| Accrued charges and deferred income | 492/3 | €16,455 | €16,570 | +€115 | +0.7% |
| Non-recurring operating income | 76A | - | €18,584 | +€18,584 | |
| Remuneration, social security and pensions | 62 | €182,158 | €295,217 | +€113,059 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,102 | €129,535 | +€3,433 | +2.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,461 | €325 | -€10,135 | -96.9% |
| Other operating charges | 640/8 | €6,076 | €20,196 | +€14,119 | +232% |
| Gross operating margin | 9900 | €356,506 | €682,377 | +€325,871 | +91.4% |
| Operating profit (loss) | 9901 | €31,709 | €237,104 | +€205,395 | +648% |
| Financial income | 75/76B | €0 | €1 | +€1 | +365% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +365% |
| Financial charges | 65/66B | €23,092 | €23,366 | +€274 | +1.2% |
| Recurring financial charges | 65 | €23,092 | €23,366 | +€274 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €8,618 | €213,739 | +€205,121 | +2,380% |
| Income taxes | 67/77 | €6,026 | €7,123 | +€1,097 | +18.2% |
| Profit (loss) for the period | 9904 | €2,592 | €206,615 | +€204,024 | +7,872% |
| Profit (loss) for the period to be appropriated | 9905 | €2,592 | €206,615 | +€204,024 | +7,872% |
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 29 October 2026 via checked.be.