EUROGENEX: 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.
EUROGENEX
Largest movements
- Receivables within one year +€212,984
up €212,984 (+288%), from €74,057 to €287,041
of which Trade receivables: +€210,352
- Cash -€11,048
down €11,048 (-58.4%), from €18,917 to €7,869
mainly Receivables within one year (-€212,984) and Investment in fixed assets (net) (-€5,000)
- Tangible fixed assets -€7,500
down €7,500 (-62.0%), from €12,100 to €4,600
- Intangible fixed assets -€5,000
down €5,000 (-10.1%), from €49,375 to €44,375
- Financial fixed assets +€5,000
up €5,000 (+55.6%), from €9,000 to €14,000
- Profit (loss) carried forward +€91,089
up €91,089 (+124%), from €73,380 to €164,469
- Trade debts +€61,258
up €61,258 (+97.6%), from €62,797 to €124,055
- Tax, wage and social debts +€23,799
up €23,799 (+94.2%), from €25,272 to €49,071
of which Taxes: +€14,735
- Other debts +€19,688
new in 2024: €19,688
- Turnover +€412,816
up €412,816 (+190%), from €217,139 to €629,955
- Purchases and services +€316,538
up €316,538 (+260%), from €121,921 to €438,459
- Gross operating margin +€96,278
up €96,278 (+101%), from €95,218 to €191,496
- Other operating charges +€56,592
up €56,592 (+4,758%), from €1,190 to €57,782
- Taxes +€6,964
up €6,964 (+41.6%), from €16,733 to €23,696
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,448 | €359,282 | +€195,834 | +120% |
| Fixed assets | 21/28 | €70,475 | €62,975 | -€7,500 | -10.6% |
| Intangible fixed assets | 21 | €49,375 | €44,375 | -€5,000 | -10.1% |
| Tangible fixed assets | 22/27 | €12,100 | €4,600 | -€7,500 | -62.0% |
| Furniture and vehicles | 24 | €12,100 | €4,600 | -€7,500 | -62.0% |
| Financial fixed assets | 28 | €9,000 | €14,000 | +€5,000 | +55.6% |
| Current assets | 29/58 | €92,973 | €296,307 | +€203,334 | +219% |
| Amounts receivable within one year | 40/41 | €74,057 | €287,041 | +€212,984 | +288% |
| Trade receivables | 40 | €73,284 | €283,636 | +€210,352 | +287% |
| Other amounts receivable | 41 | €773 | €3,406 | +€2,632 | +341% |
| Cash at bank and in hand | 54/58 | €18,917 | €7,869 | -€11,048 | -58.4% |
| Deferred charges and accrued income | 490/1 | - | €1,397 | +€1,397 | |
| Total equity and liabilities | 10/49 | €163,448 | €359,282 | +€195,834 | +120% |
| Equity | 10/15 | €75,380 | €166,469 | +€91,089 | +121% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,380 | €164,469 | +€91,089 | +124% |
| Amounts payable | 17/49 | €88,068 | €192,813 | +€104,745 | +119% |
| Amounts payable within one year | 42/48 | €88,068 | €192,813 | +€104,745 | +119% |
| Trade debts | 44 | €62,797 | €124,055 | +€61,258 | +97.6% |
| Suppliers | 440/4 | €62,797 | €124,055 | +€61,258 | +97.6% |
| Taxes, remuneration and social security | 45 | €25,272 | €49,071 | +€23,799 | +94.2% |
| Taxes | 450/3 | €21,787 | €36,522 | +€14,735 | +67.6% |
| Remuneration and social security | 454/9 | €3,485 | €12,548 | +€9,063 | +260% |
| Other amounts payable | 47/48 | - | €19,688 | +€19,688 | |
| Turnover | 70 | €217,139 | €629,955 | +€412,816 | +190% |
| Goods, raw materials, services and sundry goods | 60/61 | €121,921 | €438,459 | +€316,538 | +260% |
| Remuneration, social security and pensions | 62 | €2,879 | €6,281 | +€3,402 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,125 | €12,500 | +€4,375 | +53.8% |
| Other operating charges | 640/8 | €1,190 | €57,782 | +€56,592 | +4,758% |
| Gross operating margin | 9900 | €95,218 | €191,496 | +€96,278 | +101% |
| Operating profit (loss) | 9901 | €83,024 | €114,933 | +€31,909 | +38.4% |
| Financial charges | 65/66B | €84 | €148 | +€64 | +76.0% |
| Recurring financial charges | 65 | €84 | €148 | +€64 | +76.0% |
| Profit (loss) for the period before taxes | 9903 | €82,940 | €114,785 | +€31,846 | +38.4% |
| Income taxes | 67/77 | €16,733 | €23,696 | +€6,964 | +41.6% |
| Profit (loss) for the period | 9904 | €66,207 | €91,089 | +€24,882 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,207 | €91,089 | +€24,882 | +37.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.