EUROGOS: 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.
EUROGOS
Largest movements
- Current investments -€32,821
down €32,821 (-46.4%), from €70,737 to €37,916
- Tangible fixed assets -€16,816
down €16,816 (-3.1%), from €538,845 to €522,029
of which Land and buildings: -€31,089
- Cash +€8,895
up €8,895 (+60.4%), from €14,717 to €23,613
mainly Other debts (+€59,458) and Depreciation (+€37,463)
- Reserves -€65,926
down €65,926 (-38.7%), from €170,509 to €104,583
- Other debts +€59,458
up €59,458 (+17.1%), from €348,035 to €407,493
- Profit (loss) carried forward -€30,317
new in 2025: -€30,317
- Taxes +€9,349
new in 2025: €9,349
- Other operating charges +€5,013
up €5,013 (+60.6%), from €8,275 to €13,287
- Financial charges -€4,476
down €4,476 (-18.7%), from €23,919 to €19,443
- Gross operating margin +€3,498
up €3,498 (+12.0%), from €29,086 to €32,585
- Depreciation -€3,369
down €3,369 (-8.3%), from €40,832 to €37,463
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 | €626,719 | €587,524 | -€39,195 | -6.3% |
| Fixed assets | 21/28 | €538,845 | €522,029 | -€16,816 | -3.1% |
| Tangible fixed assets | 22/27 | €538,845 | €522,029 | -€16,816 | -3.1% |
| Land and buildings | 22 | €522,563 | €491,474 | -€31,089 | -5.9% |
| Furniture and vehicles | 24 | €16,282 | €30,555 | +€14,273 | +87.7% |
| Current assets | 29/58 | €87,874 | €65,495 | -€22,379 | -25.5% |
| Amounts receivable after more than one year | 29 | €696 | - | -€696 | |
| Trade receivables | 290 | €696 | - | -€696 | |
| Amounts receivable within one year | 40/41 | €1,724 | €3,967 | +€2,243 | +130% |
| Other amounts receivable | 41 | €1,724 | €3,967 | +€2,243 | +130% |
| Current investments | 50/53 | €70,737 | €37,916 | -€32,821 | -46.4% |
| Cash at bank and in hand | 54/58 | €14,717 | €23,613 | +€8,895 | +60.4% |
| Total equity and liabilities | 10/49 | €626,719 | €587,524 | -€39,195 | -6.3% |
| Equity | 10/15 | €270,509 | €174,266 | -€96,243 | -35.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €170,509 | €104,583 | -€65,926 | -38.7% |
| Non-distributable reserves | 130/1 | €32,300 | - | -€32,300 | |
| Legal reserve | 130 | €32,300 | - | -€32,300 | |
| Tax-exempt reserves | 132 | €116,087 | €104,583 | -€11,503 | -9.9% |
| Distributable reserves | 133 | €22,122 | - | -€22,122 | |
| Profit (loss) carried forward | 14 | - | -€30,317 | -€30,317 | |
| Amounts payable | 17/49 | €356,210 | €413,258 | +€57,048 | +16.0% |
| Amounts payable within one year | 42/48 | €356,210 | €413,258 | +€57,048 | +16.0% |
| Trade debts | 44 | €1,053 | €20 | -€1,033 | -98.1% |
| Suppliers | 440/4 | €1,053 | €20 | -€1,033 | -98.1% |
| Taxes, remuneration and social security | 45 | €7,123 | €5,746 | -€1,377 | -19.3% |
| Taxes | 450/3 | €7,123 | €5,746 | -€1,377 | -19.3% |
| Other amounts payable | 47/48 | €348,035 | €407,493 | +€59,458 | +17.1% |
| Remuneration, social security and pensions | 62 | €1,009 | €1,047 | +€38 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,832 | €37,463 | -€3,369 | -8.3% |
| Other operating charges | 640/8 | €8,275 | €13,287 | +€5,013 | +60.6% |
| Non-recurring operating charges | 66A | - | €48,561 | +€48,561 | |
| Gross operating margin | 9900 | €29,086 | €32,585 | +€3,498 | +12.0% |
| Operating profit (loss) | 9901 | -€21,029 | -€67,773 | -€46,744 | -222% |
| Financial income | 75/76B | €487 | €322 | -€165 | -34.0% |
| Recurring financial income | 75 | €487 | €322 | -€165 | -34.0% |
| Financial charges | 65/66B | €23,919 | €19,443 | -€4,476 | -18.7% |
| Recurring financial charges | 65 | €23,919 | €19,443 | -€4,476 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€44,461 | -€86,894 | -€42,433 | -95.4% |
| Income taxes | 67/77 | - | €9,349 | +€9,349 | |
| Profit (loss) for the period | 9904 | -€44,461 | -€96,243 | -€51,782 | -116% |
| Transfer from tax-exempt reserves | 789 | €11,503 | €11,503 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,958 | -€84,740 | -€51,782 | -157% |
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 26 October 2026 via checked.be.