EUROGEN: 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.
EUROGEN
Largest movements
- Cash +€8,966
up €8,966 (+85.1%), from €10,533 to €19,499
mainly Net result for the year (+€8,394) and Depreciation (+€818)
- Receivables within one year +€1,064
up €1,064 (+149%), from €716 to €1,780
of which Trade receivables: +€1,500
- Formation expenses -€424
down €424 (-100%), from €424 to €0
- Tangible fixed assets -€394
down €394 (-34.4%), from €1,146 to €751
- Reserves +€8,394
up €8,394 (+153%), from €5,476 to €13,870
- Tax, wage and social debts +€705
up €705 (+49.7%), from €1,420 to €2,125
- Gross operating margin +€3,918
up €3,918 (+51.7%), from €7,580 to €11,497
- Taxes +€704
up €704 (+49.6%), from €1,420 to €2,125
- Depreciation +€178
up €178 (+27.8%), from €640 to €818
- Other operating charges +€120
new in 2025: €120
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 | €12,818 | €22,030 | +€9,212 | +71.9% |
| Formation expenses | 20 | €424 | €0 | -€424 | -100% |
| Fixed assets | 21/28 | €1,146 | €751 | -€394 | -34.4% |
| Tangible fixed assets | 22/27 | €1,146 | €751 | -€394 | -34.4% |
| Furniture and vehicles | 24 | €1,146 | €751 | -€394 | -34.4% |
| Current assets | 29/58 | €11,249 | €21,279 | +€10,030 | +89.2% |
| Amounts receivable within one year | 40/41 | €716 | €1,780 | +€1,064 | +149% |
| Trade receivables | 40 | - | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | €716 | €280 | -€436 | -60.9% |
| Cash at bank and in hand | 54/58 | €10,533 | €19,499 | +€8,966 | +85.1% |
| Total equity and liabilities | 10/49 | €12,818 | €22,030 | +€9,212 | +71.9% |
| Equity | 10/15 | €10,476 | €18,870 | +€8,394 | +80.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,476 | €13,870 | +€8,394 | +153% |
| Distributable reserves | 133 | €5,476 | €13,870 | +€8,394 | +153% |
| Amounts payable | 17/49 | €2,342 | €3,160 | +€818 | +34.9% |
| Amounts payable within one year | 42/48 | €2,342 | €3,160 | +€818 | +34.9% |
| Trade debts | 44 | €923 | €1,036 | +€113 | +12.2% |
| Suppliers | 440/4 | €923 | €1,036 | +€113 | +12.2% |
| Taxes, remuneration and social security | 45 | €1,420 | €2,125 | +€705 | +49.7% |
| Taxes | 450/3 | €1,420 | €2,125 | +€705 | +49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €818 | +€178 | +27.8% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €7,580 | €11,497 | +€3,918 | +51.7% |
| Operating profit (loss) | 9901 | €6,940 | €10,560 | +€3,620 | +52.2% |
| Financial income | 75/76B | €2 | €31 | +€29 | +1,164% |
| Recurring financial income | 75 | €2 | €31 | +€29 | +1,164% |
| Financial charges | 65/66B | €46 | €72 | +€26 | +56.6% |
| Recurring financial charges | 65 | €46 | €72 | +€26 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | €6,896 | €10,519 | +€3,622 | +52.5% |
| Income taxes | 67/77 | €1,420 | €2,125 | +€704 | +49.6% |
| Profit (loss) for the period | 9904 | €5,476 | €8,394 | +€2,918 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,476 | €8,394 | +€2,918 | +53.3% |
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 17 October 2026 via checked.be.