EuroFusion: 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.
EuroFusion
Largest movements
- Cash +€65,392
up €65,392 (+35.7%), from €183,035 to €248,427
mainly Net result for the year (+€85,305) and Tax, wage and social debts (+€9,612)
- Receivables within one year +€16,291
up €16,291 (+119%), from €13,663 to €29,954
of which Trade receivables: +€15,183
- Tangible fixed assets +€11,863
up €11,863 (+1,606%), from €738 to €12,601
of which Furniture and vehicles: +€7,965
- Profit (loss) carried forward +€85,305
up €85,305 (+51.8%), from €164,590 to €249,895
- Tax, wage and social debts +€9,612
up €9,612 (+37.3%), from €25,775 to €35,387
- Gross operating margin -€20,681
down €20,681 (-15.8%), from €130,499 to €109,817
- Taxes -€5,637
down €5,637 (-20.5%), from €27,543 to €21,906
- Depreciation +€2,225
up €2,225 (+940%), from €237 to €2,461
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 | €197,436 | €292,572 | +€95,136 | +48.2% |
| Fixed assets | 21/28 | €738 | €12,601 | +€11,863 | +1,606% |
| Tangible fixed assets | 22/27 | €738 | €12,601 | +€11,863 | +1,606% |
| Plant, machinery and equipment | 23 | €738 | €4,636 | +€3,898 | +528% |
| Furniture and vehicles | 24 | - | €7,965 | +€7,965 | |
| Current assets | 29/58 | €196,697 | €279,971 | +€83,273 | +42.3% |
| Amounts receivable within one year | 40/41 | €13,663 | €29,954 | +€16,291 | +119% |
| Trade receivables | 40 | €13,615 | €28,798 | +€15,183 | +112% |
| Other amounts receivable | 41 | €48 | €1,156 | +€1,108 | +2,308% |
| Cash at bank and in hand | 54/58 | €183,035 | €248,427 | +€65,392 | +35.7% |
| Deferred charges and accrued income | 490/1 | - | €1,590 | +€1,590 | |
| Total equity and liabilities | 10/49 | €197,436 | €292,572 | +€95,136 | +48.2% |
| Equity | 10/15 | €168,590 | €253,895 | +€85,305 | +50.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,590 | €249,895 | +€85,305 | +51.8% |
| Amounts payable | 17/49 | €28,846 | €38,677 | +€9,831 | +34.1% |
| Amounts payable within one year | 42/48 | €28,846 | €38,677 | +€9,831 | +34.1% |
| Trade debts | 44 | €3,071 | €3,290 | +€219 | +7.1% |
| Suppliers | 440/4 | €3,071 | €3,290 | +€219 | +7.1% |
| Taxes, remuneration and social security | 45 | €25,775 | €35,387 | +€9,612 | +37.3% |
| Taxes | 450/3 | €25,775 | €35,387 | +€9,612 | +37.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €2,461 | +€2,225 | +940% |
| Other operating charges | 640/8 | €164 | €66 | -€98 | -59.9% |
| Gross operating margin | 9900 | €130,499 | €109,817 | -€20,681 | -15.8% |
| Operating profit (loss) | 9901 | €130,098 | €107,290 | -€22,808 | -17.5% |
| Financial income | 75/76B | €60 | €46 | -€14 | -22.8% |
| Recurring financial income | 75 | €60 | €46 | -€14 | -22.8% |
| Financial charges | 65/66B | €184 | €125 | -€59 | -32.0% |
| Recurring financial charges | 65 | €184 | €125 | -€59 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €129,974 | €107,211 | -€22,763 | -17.5% |
| Income taxes | 67/77 | €27,543 | €21,906 | -€5,637 | -20.5% |
| Profit (loss) for the period | 9904 | €102,431 | €85,305 | -€17,126 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,431 | €85,305 | -€17,126 | -16.7% |
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 14 October 2026 via checked.be.