EUROGEST: 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.
EUROGEST
Largest movements
- Receivables within one year -€33,905
down €33,905 (-47.7%), from €71,016 to €37,111
of which Trade receivables: -€34,256
- Tangible fixed assets +€29,782
up €29,782 (+464%), from €6,414 to €36,196
of which Furniture and vehicles: +€30,323
- Reserves +€45,038
up €45,038 (+37.0%), from €121,714 to €166,752
of which Distributable reserves: +€33,128
- Other debts -€41,534
down €41,534 (-19.0%), from €218,097 to €176,564
- Gross operating margin -€20,434
down €20,434 (-23.4%), from €87,138 to €66,704
- Financial income -€12,363
down €12,363 (-43.7%), from €28,277 to €15,914
of which Financial income: -€13,156
- Taxes -€3,663
down €3,663 (-27.3%), from €13,415 to €9,752
- Depreciation +€3,219
up €3,219 (+26.7%), from €12,055 to €15,274
- Financial charges -€1,809
down €1,809 (-14.6%), from €12,366 to €10,556
of which Financial charges: -€1,569
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 | €681,440 | €677,627 | -€3,813 | -0.6% |
| Fixed assets | 21/28 | €606,414 | €636,196 | +€29,782 | +4.9% |
| Tangible fixed assets | 22/27 | €6,414 | €36,196 | +€29,782 | +464% |
| Plant, machinery and equipment | 23 | €541 | - | -€541 | |
| Furniture and vehicles | 24 | €5,873 | €36,196 | +€30,323 | +516% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €75,026 | €41,431 | -€33,595 | -44.8% |
| Amounts receivable within one year | 40/41 | €71,016 | €37,111 | -€33,905 | -47.7% |
| Trade receivables | 40 | €66,118 | €31,862 | -€34,256 | -51.8% |
| Other amounts receivable | 41 | €4,898 | €5,248 | +€350 | +7.2% |
| Cash at bank and in hand | 54/58 | €764 | €996 | +€232 | +30.4% |
| Deferred charges and accrued income | 490/1 | €3,246 | €3,324 | +€78 | +2.4% |
| Total equity and liabilities | 10/49 | €681,440 | €677,627 | -€3,813 | -0.6% |
| Equity | 10/15 | €305,814 | €350,852 | +€45,038 | +14.7% |
| Contributions | 10/11 | €184,100 | €184,100 | = | 0.0% |
| Capital | 10 | €184,100 | €184,100 | = | 0.0% |
| Issued capital | 100 | €184,100 | €184,100 | = | 0.0% |
| Reserves | 13 | €121,714 | €166,752 | +€45,038 | +37.0% |
| Non-distributable reserves | 130/1 | €6,500 | €18,410 | +€11,910 | +183% |
| Legal reserve | 130 | €6,500 | €18,410 | +€11,910 | +183% |
| Distributable reserves | 133 | €115,214 | €148,342 | +€33,128 | +28.8% |
| Amounts payable | 17/49 | €375,626 | €326,774 | -€48,851 | -13.0% |
| Amounts payable after more than one year | 17 | €103,083 | €102,349 | -€735 | -0.7% |
| Financial debts | 170/4 | - | €11,265 | +€11,265 | |
| Other amounts payable | 178/9 | €103,083 | €91,083 | -€12,000 | -11.6% |
| Amounts payable within one year | 42/48 | €268,304 | €222,921 | -€45,383 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €29,188 | €28,639 | -€549 | -1.9% |
| Financial debts | 43 | €12,133 | €7,044 | -€5,089 | -41.9% |
| Credit institutions | 430/8 | €12,133 | €7,044 | -€5,089 | -41.9% |
| Trade debts | 44 | €1,185 | €1,267 | +€82 | +6.9% |
| Suppliers | 440/4 | €1,185 | €1,267 | +€82 | +6.9% |
| Taxes, remuneration and social security | 45 | €7,700 | €9,407 | +€1,707 | +22.2% |
| Taxes | 450/3 | €7,700 | €4,937 | -€2,763 | -35.9% |
| Remuneration and social security | 454/9 | - | €4,470 | +€4,470 | |
| Other amounts payable | 47/48 | €218,097 | €176,564 | -€41,534 | -19.0% |
| Accrued charges and deferred income | 492/3 | €4,238 | €1,505 | -€2,733 | -64.5% |
| Non-recurring operating income | 76A | €90 | - | -€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,055 | €15,274 | +€3,219 | +26.7% |
| Other operating charges | 640/8 | €2,726 | €1,997 | -€728 | -26.7% |
| Gross operating margin | 9900 | €87,138 | €66,704 | -€20,434 | -23.4% |
| Operating profit (loss) | 9901 | €72,357 | €49,433 | -€22,924 | -31.7% |
| Financial income | 75/76B | €28,277 | €15,914 | -€12,363 | -43.7% |
| Recurring financial income | 75 | €28,277 | €15,120 | -€13,156 | -46.5% |
| Non-recurring financial income | 76B | €0 | €794 | +€794 | |
| Financial charges | 65/66B | €12,366 | €10,556 | -€1,809 | -14.6% |
| Recurring financial charges | 65 | €12,125 | €10,556 | -€1,569 | -12.9% |
| Non-recurring financial charges | 66B | €241 | - | -€241 | |
| Profit (loss) for the period before taxes | 9903 | €88,268 | €54,790 | -€33,478 | -37.9% |
| Income taxes | 67/77 | €13,415 | €9,752 | -€3,663 | -27.3% |
| Profit (loss) for the period | 9904 | €74,853 | €45,038 | -€29,815 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €74,853 | €45,038 | -€29,815 | -39.8% |
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 13 October 2026 via checked.be.