EUROGESTIONS: 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.
EUROGESTIONS
Largest movements
- Receivables within one year +€149,922
up €149,922 (+93.8%), from €159,838 to €309,761
of which Trade receivables: +€131,475
- Cash +€100,790
up €100,790 (+1,210%), from €8,326 to €109,117
mainly Other debts (+€174,723) and Net result for the year (+€58,148)
- Other debts +€174,723
new in 2025: €174,723
- Profit (loss) carried forward +€58,148
up €58,148 (+44.5%), from €130,566 to €188,713
- Tax, wage and social debts +€22,161
up €22,161 (+67.3%), from €32,946 to €55,108
- Staff costs +€4,365
up €4,365 (+419%), from €1,042 to €5,407
- Gross operating margin -€3,007
down €3,007 (-3.2%), from €93,835 to €90,828
- Taxes -€1,747
down €1,747 (-6.6%), from €26,527 to €24,781
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 | €169,476 | €421,169 | +€251,693 | +149% |
| Fixed assets | 21/28 | €1,311 | €1,880 | +€569 | +43.4% |
| Tangible fixed assets | 22/27 | €1,311 | €1,880 | +€569 | +43.4% |
| Furniture and vehicles | 24 | €1,311 | €1,880 | +€569 | +43.4% |
| Current assets | 29/58 | €168,165 | €419,288 | +€251,124 | +149% |
| Amounts receivable within one year | 40/41 | €159,838 | €309,761 | +€149,922 | +93.8% |
| Trade receivables | 40 | €37,370 | €168,845 | +€131,475 | +352% |
| Other amounts receivable | 41 | €122,468 | €140,916 | +€18,447 | +15.1% |
| Cash at bank and in hand | 54/58 | €8,326 | €109,117 | +€100,790 | +1,210% |
| Deferred charges and accrued income | 490/1 | - | €411 | +€411 | |
| Total equity and liabilities | 10/49 | €169,476 | €421,169 | +€251,693 | +149% |
| Equity | 10/15 | €132,566 | €190,713 | +€58,148 | +43.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,566 | €188,713 | +€58,148 | +44.5% |
| Amounts payable | 17/49 | €36,911 | €230,456 | +€193,545 | +524% |
| Amounts payable within one year | 42/48 | €36,911 | €230,456 | +€193,545 | +524% |
| Trade debts | 44 | €3,964 | €625 | -€3,339 | -84.2% |
| Suppliers | 440/4 | €3,964 | €625 | -€3,339 | -84.2% |
| Taxes, remuneration and social security | 45 | €32,946 | €55,108 | +€22,161 | +67.3% |
| Taxes | 450/3 | €32,946 | €55,108 | +€22,161 | +67.3% |
| Other amounts payable | 47/48 | - | €174,723 | +€174,723 | |
| Remuneration, social security and pensions | 62 | €1,042 | €5,407 | +€4,365 | +419% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €793 | €831 | +€39 | +4.9% |
| Other operating charges | 640/8 | €379 | €535 | +€156 | +41.1% |
| Non-recurring operating charges | 66A | €225 | €998 | +€773 | +343% |
| Gross operating margin | 9900 | €93,835 | €90,828 | -€3,007 | -3.2% |
| Operating profit (loss) | 9901 | €91,396 | €83,057 | -€8,339 | -9.1% |
| Financial charges | 65/66B | €680 | €129 | -€551 | -81.0% |
| Recurring financial charges | 65 | €680 | €129 | -€551 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | €90,717 | €82,928 | -€7,789 | -8.6% |
| Income taxes | 67/77 | €26,527 | €24,781 | -€1,747 | -6.6% |
| Profit (loss) for the period | 9904 | €64,190 | €58,148 | -€6,042 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,190 | €58,148 | -€6,042 | -9.4% |
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 30 October 2026 via checked.be.