EUROGRIP: 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.
EUROGRIP
Largest movements
- Receivables within one year -€197,753
down €197,753 (-29.3%), from €673,973 to €476,220
of which Trade receivables: -€174,855
- Cash -€196,980
down €196,980 (-33.4%), from €589,254 to €392,274
mainly Investment in fixed assets (net) (-€453,077) and Net result for the year (-€276,603)
- Tangible fixed assets -€83,459
down €83,459 (-5.4%), from €1.5m to €1.5m
of which Plant, machinery and equipment: -€59,488
- Deferred charges and accrued income +€30,793
up €30,793 (+45.3%), from €67,913 to €98,707
- Reserves -€276,603
down €276,603 (-11.5%), from €2.4m to €2.1m
of which Distributable reserves: -€257,853
- Other debts -€98,802
down €98,802 (-98.8%), from €100,028 to €1,226
- Debts after one year -€32,804
down €32,804 (-58.2%), from €56,390 to €23,587
- Current portion of long-term debt -€31,719
down €31,719 (-49.2%), from €64,523 to €32,804
- Gross operating margin -€682,042
down €682,042 (-45.5%), from €1.5m to €816,455
- Taxes -€103,352
down €103,352 (-95.3%), from €108,441 to €5,089
- Depreciation +€54,919
up €54,919 (+11.4%), from €481,618 to €536,537
- Staff costs +€17,481
up €17,481 (+3.4%), from €517,266 to €534,747
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 | €2,875,722 | €2,428,323 | -€447,399 | -15.6% |
| Fixed assets | 21/28 | €1,544,582 | €1,461,123 | -€83,459 | -5.4% |
| Tangible fixed assets | 22/27 | €1,541,782 | €1,458,323 | -€83,459 | -5.4% |
| Land and buildings | 22 | €12,310 | €8,316 | -€3,994 | -32.4% |
| Plant, machinery and equipment | 23 | €1,482,997 | €1,423,508 | -€59,488 | -4.0% |
| Furniture and vehicles | 24 | €46,475 | €26,498 | -€19,977 | -43.0% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €1,331,140 | €967,201 | -€363,939 | -27.3% |
| Amounts receivable within one year | 40/41 | €673,973 | €476,220 | -€197,753 | -29.3% |
| Trade receivables | 40 | €497,364 | €322,509 | -€174,855 | -35.2% |
| Other amounts receivable | 41 | €176,609 | €153,711 | -€22,898 | -13.0% |
| Cash at bank and in hand | 54/58 | €589,254 | €392,274 | -€196,980 | -33.4% |
| Deferred charges and accrued income | 490/1 | €67,913 | €98,707 | +€30,793 | +45.3% |
| Total equity and liabilities | 10/49 | €2,875,722 | €2,428,323 | -€447,399 | -15.6% |
| Equity | 10/15 | €2,415,455 | €2,138,851 | -€276,603 | -11.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €2,409,257 | €2,132,654 | -€276,603 | -11.5% |
| Tax-exempt reserves | 132 | €18,750 | - | -€18,750 | |
| Distributable reserves | 133 | €2,390,507 | €2,132,654 | -€257,853 | -10.8% |
| Amounts payable | 17/49 | €460,267 | €289,472 | -€170,795 | -37.1% |
| Amounts payable after more than one year | 17 | €56,390 | €23,587 | -€32,804 | -58.2% |
| Financial debts | 170/4 | €56,390 | €23,587 | -€32,804 | -58.2% |
| Amounts payable within one year | 42/48 | €403,877 | €265,885 | -€137,991 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €64,523 | €32,804 | -€31,719 | -49.2% |
| Financial debts | 43 | €8,613 | €8,528 | -€84 | -1.0% |
| Credit institutions | 430/8 | €8,613 | €8,528 | -€84 | -1.0% |
| Trade debts | 44 | €138,905 | €150,481 | +€11,575 | +8.3% |
| Suppliers | 440/4 | €138,905 | €150,481 | +€11,575 | +8.3% |
| Taxes, remuneration and social security | 45 | €91,808 | €72,847 | -€18,961 | -20.7% |
| Taxes | 450/3 | €29,137 | €12,077 | -€17,059 | -58.5% |
| Remuneration and social security | 454/9 | €62,671 | €60,769 | -€1,902 | -3.0% |
| Other amounts payable | 47/48 | €100,028 | €1,226 | -€98,802 | -98.8% |
| Non-recurring operating income | 76A | €6,440 | - | -€6,440 | |
| Remuneration, social security and pensions | 62 | €517,266 | €534,747 | +€17,481 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481,618 | €536,537 | +€54,919 | +11.4% |
| Other operating charges | 640/8 | €15,216 | €11,280 | -€3,936 | -25.9% |
| Gross operating margin | 9900 | €1,498,497 | €816,455 | -€682,042 | -45.5% |
| Operating profit (loss) | 9901 | €484,397 | -€266,109 | -€750,507 | |
| Financial income | 75/76B | €2,950 | €2,564 | -€386 | -13.1% |
| Recurring financial income | 75 | €2,950 | €2,564 | -€386 | -13.1% |
| Financial charges | 65/66B | €9,945 | €7,970 | -€1,975 | -19.9% |
| Recurring financial charges | 65 | €9,945 | €7,970 | -€1,975 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €477,403 | -€271,515 | -€748,917 | |
| Income taxes | 67/77 | €108,441 | €5,089 | -€103,352 | -95.3% |
| Profit (loss) for the period | 9904 | €368,962 | -€276,603 | -€645,565 | |
| Transfer from tax-exempt reserves | 789 | - | €18,750 | +€18,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €368,962 | -€257,853 | -€626,815 |
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 20 October 2026 via checked.be.