EUROLOG: what changed
What changed
EUROLOG
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€212,326
2024 · €194,242+€18,084
Equity
€2.1m
2024 · €1.9m+€212,326
Cash
€2.1m
2024 · €702,874+€1.4m
Balance sheet total
€2.2m
2024 · €2.1m+€156,949
Largest movements
Assets
- Cash +€1.4m
up €1.4m (+205%), from €702,874 to €2.1m
mainly Current investments (+€1.3m) and Net result for the year (+€212,326)
- Current investments -€1.3m
no longer reported in 2025 (was €1.3m)
Equity and liabilities
- Reserves +€212,326
up €212,326 (+11.0%), from €1.9m to €2.1m
of which Distributable reserves: +€199,696
- Tax, wage and social debts -€63,238
down €63,238 (-64.8%), from €97,594 to €34,356
Income statement
- Gross operating margin +€31,229
up €31,229 (+12.2%), from €256,641 to €287,870
- Financial income -€19,570
down €19,570 (-32.9%), from €59,446 to €39,876
- Taxes -€3,476
down €3,476 (-3.5%), from €100,291 to €96,815
- Financial charges -€3,419
down €3,419 (-60.1%), from €5,688 to €2,269
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€194,242
Gross operating margin
+€31,229
Depreciation
-€856
Other operating charges
+€387
Financial income
-€19,570
Financial charges
+€3,419
Taxes
+€3,476
Result 2025
€212,326
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€190,080
Investment
+€1.3m
Financing
€0
Cash 2024
€702,874
From operations (derived)
+€190,080
Net result for the year
+€212,326
Depreciation
+€14,429
Smaller working-capital items
+€1,140
Deferred charges and accrued income
+€19,254
Tax, wage and social debts
-€63,238
Other debts
+€10,030
Accrued charges and deferred income
-€3,861
Investment (derived)
+€1.3m
Current investments
+€1.3m
Cash 2025
€2.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,067,747 | €2,224,696 | +€156,949 | +7.6% |
| Fixed assets | 21/28 | €63,926 | €49,497 | -€14,429 | -22.6% |
| Tangible fixed assets | 22/27 | €63,926 | €49,497 | -€14,429 | -22.6% |
| Furniture and vehicles | 24 | €58,526 | €44,097 | -€14,429 | -24.7% |
| Other tangible fixed assets | 26 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €2,003,821 | €2,175,199 | +€171,378 | +8.6% |
| Amounts receivable within one year | 40/41 | €30,294 | €30,847 | +€553 | +1.8% |
| Trade receivables | 40 | €30,294 | €30,847 | +€553 | +1.8% |
| Current investments | 50/53 | €1,250,000 | - | -€1.3m | |
| Cash at bank and in hand | 54/58 | €702,874 | €2,142,954 | +€1.4m | +205% |
| Deferred charges and accrued income | 490/1 | €20,653 | €1,399 | -€19,254 | -93.2% |
| Total equity and liabilities | 10/49 | €2,067,747 | €2,224,696 | +€156,949 | +7.6% |
| Equity | 10/15 | €1,936,196 | €2,148,522 | +€212,326 | +11.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,923,796 | €2,136,122 | +€212,326 | +11.0% |
| Tax-exempt reserves | 132 | €366,270 | €378,900 | +€12,630 | +3.4% |
| Distributable reserves | 133 | €1,557,526 | €1,757,222 | +€199,696 | +12.8% |
| Amounts payable | 17/49 | €131,551 | €76,174 | -€55,376 | -42.1% |
| Amounts payable within one year | 42/48 | €123,803 | €72,288 | -€51,515 | -41.6% |
| Trade debts | 44 | €652 | €2,344 | +€1,692 | +260% |
| Suppliers | 440/4 | €652 | €2,344 | +€1,692 | +260% |
| Taxes, remuneration and social security | 45 | €97,594 | €34,356 | -€63,238 | -64.8% |
| Taxes | 450/3 | €97,594 | €34,356 | -€63,238 | -64.8% |
| Other amounts payable | 47/48 | €25,558 | €35,588 | +€10,030 | +39.2% |
| Accrued charges and deferred income | 492/3 | €7,748 | €3,887 | -€3,861 | -49.8% |
| Non-recurring operating income | 76A | - | €8,350 | +€8,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,572 | €14,429 | +€856 | +6.3% |
| Other operating charges | 640/8 | €2,293 | €1,906 | -€387 | -16.9% |
| Gross operating margin | 9900 | €256,641 | €287,870 | +€31,229 | +12.2% |
| Operating profit (loss) | 9901 | €240,775 | €271,534 | +€30,759 | +12.8% |
| Financial income | 75/76B | €59,446 | €39,876 | -€19,570 | -32.9% |
| Recurring financial income | 75 | €59,446 | €39,876 | -€19,570 | -32.9% |
| Financial charges | 65/66B | €5,688 | €2,269 | -€3,419 | -60.1% |
| Recurring financial charges | 65 | €5,688 | €2,269 | -€3,419 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €294,533 | €309,141 | +€14,608 | +5.0% |
| Income taxes | 67/77 | €100,291 | €96,815 | -€3,476 | -3.5% |
| Profit (loss) for the period | 9904 | €194,242 | €212,326 | +€18,084 | +9.3% |
| Transfer from tax-exempt reserves | 789 | €50,520 | €50,520 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €244,762 | €199,696 | -€45,066 | -18.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.