EUROGOLD: 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.
What changed
EUROGOLD
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€871,382
2024 · €534,230+€337,152
Equity
€1.5m
2024 · €1.4m+€169,247
Cash
€206,080
2024 · €47,875+€158,205
Balance sheet total
€7.7m
2024 · €4.6m+€3.1m
Largest movements
Assets
- Stocks and contracts +€2.9m
up €2.9m (+94.4%), from €3.1m to €6.0m
- Cash +€158,205
up €158,205 (+330%), from €47,875 to €206,080
mainly Trade debts (+€2.1m) and Debts after one year (+€1.6m)
- Receivables within one year +€103,425
up €103,425 (+223%), from €46,359 to €149,784
of which Other amounts receivable: +€75,194
Equity and liabilities
- Trade debts +€2.1m
up €2.1m (+586%), from €358,584 to €2.5m
- Current portion of long-term debt -€1.8m
no longer reported in 2025 (was €1.8m)
- Debts after one year +€1.6m
new in 2025: €1.6m
- Other debts +€726,600
up €726,600 (+105%), from €691,552 to €1.4m
- Tax, wage and social debts +€271,387
up €271,387 (+61.5%), from €441,328 to €712,716
of which Taxes: +€365,056
Income statement
- Gross operating margin +€247,557
up €247,557 (+13.6%), from €1.8m to €2.1m
- Staff costs -€179,456
down €179,456 (-21.2%), from €847,971 to €668,515
- Taxes +€110,413
up €110,413 (+49.1%), from €225,097 to €335,511
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.
Result 2024
€534,230
Gross operating margin
+€247,557
Staff costs
+€179,456
Depreciation
+€2,155
Other operating charges
+€12,709
Financial income
+€201
Financial charges
+€5,487
Taxes
-€110,413
Result 2025
€871,382
raises the resultlowers the result
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.
From operations
+€1.0m
Investment
-€7,649
Financing
-€883,518
Cash 2024
€47,875
From operations (derived)
+€1.0m
Net result for the year
+€871,382
Depreciation
+€78,864
Stocks and contracts
-€2.9m
Receivables within one year
-€103,425
Deferred charges and accrued income
+€8,655
Trade debts
+€2.1m
Tax, wage and social debts
+€271,387
Other debts
+€726,600
Accrued charges and deferred income
+€225
Investment (derived)
-€7,649
Investment in fixed assets (net)
-€7,649
Financing
-€883,518
Debts after one year
+€1.6m
Current portion of long-term debt
-€1.8m
Contributions, distributions and other
-€702,135
Cash 2025
€206,080
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,639,760 | €7,728,670 | +€3.1m | +66.6% |
| Fixed assets | 21/28 | €1,433,406 | €1,362,191 | -€71,215 | -5.0% |
| Intangible fixed assets | 21 | €19,667 | €16,595 | -€3,072 | -15.6% |
| Tangible fixed assets | 22/27 | €1,409,056 | €1,340,913 | -€68,143 | -4.8% |
| Land and buildings | 22 | €857,671 | €828,182 | -€29,488 | -3.4% |
| Plant, machinery and equipment | 23 | €4,259 | €3,026 | -€1,233 | -29.0% |
| Furniture and vehicles | 24 | €22,553 | €19,775 | -€2,779 | -12.3% |
| Other tangible fixed assets | 26 | €524,573 | €489,930 | -€34,643 | -6.6% |
| Financial fixed assets | 28 | €4,683 | €4,683 | = | 0.0% |
| Current assets | 29/58 | €3,206,354 | €6,366,479 | +€3.2m | +98.6% |
| Stocks and contracts in progress | 3 | €3,079,561 | €5,986,710 | +€2.9m | +94.4% |
| Stocks | 30/36 | €3,079,561 | €5,986,710 | +€2.9m | +94.4% |
| Amounts receivable within one year | 40/41 | €46,359 | €149,784 | +€103,425 | +223% |
| Trade receivables | 40 | €9,081 | €37,312 | +€28,231 | +311% |
| Other amounts receivable | 41 | €37,278 | €112,472 | +€75,194 | +202% |
| Cash at bank and in hand | 54/58 | €47,875 | €206,080 | +€158,205 | +330% |
| Deferred charges and accrued income | 490/1 | €32,560 | €23,905 | -€8,655 | -26.6% |
| Total equity and liabilities | 10/49 | €4,639,760 | €7,728,670 | +€3.1m | +66.6% |
| Equity | 10/15 | €1,378,198 | €1,547,445 | +€169,247 | +12.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €740,250 | €720,000 | -€20,250 | -2.7% |
| Reserves | 13 | €96,182 | €116,432 | +€20,250 | +21.1% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €182 | €182 | = | 0.0% |
| Distributable reserves | 133 | €81,000 | €101,250 | +€20,250 | +25.0% |
| Profit (loss) carried forward | 14 | €331,183 | €502,565 | +€171,382 | +51.7% |
| Investment grants | 15 | €60,582 | €58,447 | -€2,135 | -3.5% |
| Amounts payable | 17/49 | €3,261,562 | €6,181,225 | +€2.9m | +89.5% |
| Amounts payable after more than one year | 17 | - | €1,586,000 | +€1.6m | |
| Financial debts | 170/4 | - | €1,586,000 | +€1.6m | |
| Amounts payable within one year | 42/48 | €3,258,847 | €4,592,285 | +€1.3m | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €1,767,383 | - | -€1.8m | |
| Trade debts | 44 | €358,584 | €2,461,418 | +€2.1m | +586% |
| Suppliers | 440/4 | €358,584 | €2,461,418 | +€2.1m | +586% |
| Taxes, remuneration and social security | 45 | €441,328 | €712,716 | +€271,387 | +61.5% |
| Taxes | 450/3 | €300,133 | €665,189 | +€365,056 | +122% |
| Remuneration and social security | 454/9 | €141,195 | €47,527 | -€93,669 | -66.3% |
| Other amounts payable | 47/48 | €691,552 | €1,418,151 | +€726,600 | +105% |
| Accrued charges and deferred income | 492/3 | €2,715 | €2,940 | +€225 | +8.3% |
| Non-recurring operating income | 76A | - | €3,500 | +€3,500 | |
| Remuneration, social security and pensions | 62 | €847,971 | €668,515 | -€179,456 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,019 | €78,864 | -€2,155 | -2.7% |
| Other operating charges | 640/8 | €28,020 | €15,310 | -€12,709 | -45.4% |
| Gross operating margin | 9900 | €1,823,480 | €2,071,038 | +€247,557 | +13.6% |
| Operating profit (loss) | 9901 | €866,471 | €1,308,348 | +€441,877 | +51.0% |
| Financial income | 75/76B | €2,545 | €2,745 | +€201 | +7.9% |
| Recurring financial income | 75 | €2,545 | €2,745 | +€201 | +7.9% |
| Financial charges | 65/66B | €109,688 | €104,201 | -€5,487 | -5.0% |
| Recurring financial charges | 65 | €109,688 | €104,201 | -€5,487 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €759,327 | €1,206,892 | +€447,565 | +58.9% |
| Income taxes | 67/77 | €225,097 | €335,511 | +€110,413 | +49.1% |
| Profit (loss) for the period | 9904 | €534,230 | €871,382 | +€337,152 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €534,230 | €871,382 | +€337,152 | +63.1% |
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 29 October 2026 via checked.be.