EUROKEY: 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.
EUROKEY
Largest movements
- Tangible fixed assets -€16,716
down €16,716 (-5.6%), from €297,237 to €280,521
of which Land and buildings: -€15,811
- Receivables within one year -€5,907
down €5,907 (-42.0%), from €14,056 to €8,149
of which Trade receivables: -€6,358
- Revaluation surpluses -€13,489
down €13,489 (-5.3%), from €256,219 to €242,730
- Reserves +€13,489
up €13,489 (+86.9%), from €15,523 to €29,012
of which Distributable reserves: +€13,489
- Other debts -€10,821
down €10,821 (-32.7%), from €33,083 to €22,262
- Profit (loss) carried forward -€7,090
down €7,090 (-13.7%), from -€51,823 to -€58,913
- Current portion of long-term debt -€3,173
no longer reported in 2025 (was €3,173)
- Gross operating margin -€2,672
down €2,672 (-17.2%), from €15,536 to €12,864
- Other operating charges -€687
down €687 (-26.8%), from €2,563 to €1,876
- Depreciation -€450
down €450 (-2.6%), from €17,538 to €17,088
- Financial charges -€340
down €340 (-32.4%), from €1,050 to €710
- Taxes +€280
new in 2025: €280
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 | €313,568 | €289,930 | -€23,638 | -7.5% |
| Formation expenses | 20 | €767 | €395 | -€372 | -48.5% |
| Fixed assets | 21/28 | €297,237 | €280,521 | -€16,716 | -5.6% |
| Tangible fixed assets | 22/27 | €297,237 | €280,521 | -€16,716 | -5.6% |
| Land and buildings | 22 | €295,876 | €280,065 | -€15,811 | -5.3% |
| Plant, machinery and equipment | 23 | €1,297 | €456 | -€841 | -64.8% |
| Furniture and vehicles | 24 | €64 | - | -€64 | |
| Current assets | 29/58 | €15,564 | €9,015 | -€6,550 | -42.1% |
| Amounts receivable within one year | 40/41 | €14,056 | €8,149 | -€5,907 | -42.0% |
| Trade receivables | 40 | €14,056 | €7,697 | -€6,358 | -45.2% |
| Other amounts receivable | 41 | - | €451 | +€451 | |
| Cash at bank and in hand | 54/58 | €396 | €445 | +€49 | +12.4% |
| Deferred charges and accrued income | 490/1 | €1,113 | €421 | -€692 | -62.2% |
| Total equity and liabilities | 10/49 | €313,568 | €289,930 | -€23,638 | -7.5% |
| Equity | 10/15 | €272,519 | €265,429 | -€7,090 | -2.6% |
| Contributions | 10/11 | €52,600 | €52,600 | = | 0.0% |
| Revaluation surpluses | 12 | €256,219 | €242,730 | -€13,489 | -5.3% |
| Reserves | 13 | €15,523 | €29,012 | +€13,489 | +86.9% |
| Non-distributable reserves | 130/1 | €1,960 | €1,960 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,960 | €1,960 | = | 0.0% |
| Distributable reserves | 133 | €13,563 | €27,052 | +€13,489 | +99.5% |
| Profit (loss) carried forward | 14 | -€51,823 | -€58,913 | -€7,090 | -13.7% |
| Amounts payable | 17/49 | €41,049 | €24,502 | -€16,548 | -40.3% |
| Amounts payable within one year | 42/48 | €41,049 | €24,502 | -€16,548 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €3,173 | - | -€3,173 | |
| Financial debts | 43 | €684 | €1,883 | +€1,199 | +175% |
| Credit institutions | 430/8 | €684 | €1,883 | +€1,199 | +175% |
| Trade debts | 44 | €1,595 | €76 | -€1,519 | -95.2% |
| Suppliers | 440/4 | €1,595 | €76 | -€1,519 | -95.2% |
| Taxes, remuneration and social security | 45 | €2,514 | €280 | -€2,234 | -88.9% |
| Taxes | 450/3 | €2,514 | €280 | -€2,234 | -88.9% |
| Other amounts payable | 47/48 | €33,083 | €22,262 | -€10,821 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,538 | €17,088 | -€450 | -2.6% |
| Other operating charges | 640/8 | €2,563 | €1,876 | -€687 | -26.8% |
| Gross operating margin | 9900 | €15,536 | €12,864 | -€2,672 | -17.2% |
| Operating profit (loss) | 9901 | -€4,565 | -€6,100 | -€1,535 | -33.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.7% |
| Financial charges | 65/66B | €1,050 | €710 | -€340 | -32.4% |
| Recurring financial charges | 65 | €1,050 | €710 | -€340 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,614 | -€6,810 | -€1,195 | -21.3% |
| Income taxes | 67/77 | - | €280 | +€280 | |
| Profit (loss) for the period | 9904 | -€5,614 | -€7,090 | -€1,476 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,614 | -€7,090 | -€1,476 | -26.3% |
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 25 October 2026 via checked.be.