EUROKINE: 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.
EUROKINE
Largest movements
- Tangible fixed assets +€49,402
up €49,402 (+224%), from €22,016 to €71,418
of which Furniture and vehicles: +€32,394
- Deferred charges and accrued income +€28,540
up €28,540 (+261%), from €10,938 to €39,479
- Cash -€23,847
down €23,847 (-39.5%), from €60,303 to €36,455
mainly Investment in fixed assets (net) (-€62,450) and Deferred charges and accrued income (-€28,540)
- Receivables within one year -€10,340
down €10,340 (-21.1%), from €48,996 to €38,656
of which Other amounts receivable: -€9,840
- Reserves +€25,000
up €25,000 (+19.5%), from €128,460 to €153,460
of which Distributable reserves: +€22,440
- Tax, wage and social debts +€20,554
up €20,554 (+2,826%), from €727 to €21,282
of which Taxes: +€19,273
- Trade debts -€1,862
down €1,862 (-46.9%), from €3,971 to €2,109
- Gross operating margin +€32,379
up €32,379 (+90.9%), from €35,623 to €68,002
- Taxes +€8,468
up €8,468 (+78.1%), from €10,844 to €19,312
- Staff costs +€7,568
new in 2025: €7,568
- Depreciation +€6,882
up €6,882 (+112%), from €6,166 to €13,048
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 | €142,252 | €186,007 | +€43,755 | +30.8% |
| Fixed assets | 21/28 | €22,016 | €71,418 | +€49,402 | +224% |
| Tangible fixed assets | 22/27 | €22,016 | €71,418 | +€49,402 | +224% |
| Plant, machinery and equipment | 23 | - | €1,482 | +€1,482 | |
| Furniture and vehicles | 24 | €15,680 | €48,074 | +€32,394 | +207% |
| Other tangible fixed assets | 26 | €6,335 | €21,861 | +€15,526 | +245% |
| Current assets | 29/58 | €120,237 | €114,590 | -€5,647 | -4.7% |
| Amounts receivable within one year | 40/41 | €48,996 | €38,656 | -€10,340 | -21.1% |
| Trade receivables | 40 | €500 | - | -€500 | |
| Other amounts receivable | 41 | €48,496 | €38,656 | -€9,840 | -20.3% |
| Cash at bank and in hand | 54/58 | €60,303 | €36,455 | -€23,847 | -39.5% |
| Deferred charges and accrued income | 490/1 | €10,938 | €39,479 | +€28,540 | +261% |
| Total equity and liabilities | 10/49 | €142,252 | €186,007 | +€43,755 | +30.8% |
| Equity | 10/15 | €136,039 | €162,616 | +€26,577 | +19.5% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | €128,460 | €153,460 | +€25,000 | +19.5% |
| Non-distributable reserves | 130/1 | - | €2,560 | +€2,560 | |
| Reserves not available under the articles | 1311 | - | €2,560 | +€2,560 | |
| Distributable reserves | 133 | €128,460 | €150,900 | +€22,440 | +17.5% |
| Profit (loss) carried forward | 14 | €2,079 | €3,656 | +€1,577 | +75.9% |
| Amounts payable | 17/49 | €6,214 | €23,391 | +€17,178 | +276% |
| Amounts payable within one year | 42/48 | €4,698 | €23,391 | +€18,693 | +398% |
| Trade debts | 44 | €3,971 | €2,109 | -€1,862 | -46.9% |
| Suppliers | 440/4 | €3,971 | €2,109 | -€1,862 | -46.9% |
| Taxes, remuneration and social security | 45 | €727 | €21,282 | +€20,554 | +2,826% |
| Taxes | 450/3 | €727 | €20,001 | +€19,273 | +2,650% |
| Remuneration and social security | 454/9 | - | €1,281 | +€1,281 | |
| Accrued charges and deferred income | 492/3 | €1,515 | - | -€1,515 | |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | - | €7,568 | +€7,568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,166 | €13,048 | +€6,882 | +112% |
| Other operating charges | 640/8 | €1,235 | €1,492 | +€257 | +20.8% |
| Gross operating margin | 9900 | €35,623 | €68,002 | +€32,379 | +90.9% |
| Operating profit (loss) | 9901 | €28,222 | €45,893 | +€17,672 | +62.6% |
| Financial income | 75/76B | €89 | €129 | +€40 | +45.2% |
| Recurring financial income | 75 | €89 | €129 | +€40 | +45.2% |
| Financial charges | 65/66B | €665 | €133 | -€532 | -80.0% |
| Recurring financial charges | 65 | €197 | €133 | -€64 | -32.6% |
| Non-recurring financial charges | 66B | €468 | - | -€468 | |
| Profit (loss) for the period before taxes | 9903 | €27,646 | €45,890 | +€18,244 | +66.0% |
| Income taxes | 67/77 | €10,844 | €19,312 | +€8,468 | +78.1% |
| Profit (loss) for the period | 9904 | €16,802 | €26,577 | +€9,776 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,802 | €26,577 | +€9,776 | +58.2% |
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.