EUROMAK: 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.
EUROMAK
Largest movements
- Receivables after one year +€273,699
up €273,699 (+334%), from €82,000 to €355,699
- Cash -€221,911
down €221,911 (-70.7%), from €313,925 to €92,015
mainly Receivables after one year (-€273,699) and Tax, wage and social debts (-€31,461)
- Tangible fixed assets -€23,182
down €23,182 (-22.6%), from €102,360 to €79,178
- Receivables within one year -€21,398
down €21,398 (-10.6%), from €201,031 to €179,633
of which Trade receivables: -€16,934
- Profit (loss) carried forward +€36,935
up €36,935 (+6.5%), from €572,578 to €609,513
- Tax, wage and social debts -€31,461
down €31,461 (-51.2%), from €61,464 to €30,003
of which Taxes: -€26,329
- Gross operating margin -€105,708
down €105,708 (-57.1%), from €185,274 to €79,566
- Taxes -€20,439
down €20,439 (-53.5%), from €38,190 to €17,751
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 | €699,730 | €706,917 | +€7,187 | +1.0% |
| Fixed assets | 21/28 | €102,645 | €79,463 | -€23,182 | -22.6% |
| Tangible fixed assets | 22/27 | €102,360 | €79,178 | -€23,182 | -22.6% |
| Furniture and vehicles | 24 | €102,360 | €79,178 | -€23,182 | -22.6% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €597,086 | €627,454 | +€30,368 | +5.1% |
| Amounts receivable after more than one year | 29 | €82,000 | €355,699 | +€273,699 | +334% |
| Other amounts receivable | 291 | €82,000 | €355,699 | +€273,699 | +334% |
| Amounts receivable within one year | 40/41 | €201,031 | €179,633 | -€21,398 | -10.6% |
| Trade receivables | 40 | €76,248 | €59,314 | -€16,934 | -22.2% |
| Other amounts receivable | 41 | €124,783 | €120,319 | -€4,464 | -3.6% |
| Cash at bank and in hand | 54/58 | €313,925 | €92,015 | -€221,911 | -70.7% |
| Deferred charges and accrued income | 490/1 | €129 | €107 | -€22 | -17.0% |
| Total equity and liabilities | 10/49 | €699,730 | €706,917 | +€7,187 | +1.0% |
| Equity | 10/15 | €593,038 | €629,973 | +€36,935 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €572,578 | €609,513 | +€36,935 | +6.5% |
| Amounts payable | 17/49 | €106,693 | €76,944 | -€29,748 | -27.9% |
| Amounts payable within one year | 42/48 | €106,693 | €76,944 | -€29,748 | -27.9% |
| Trade debts | 44 | €45,228 | €44,249 | -€979 | -2.2% |
| Suppliers | 440/4 | €45,228 | €44,249 | -€979 | -2.2% |
| Taxes, remuneration and social security | 45 | €61,464 | €30,003 | -€31,461 | -51.2% |
| Taxes | 450/3 | €40,000 | €13,672 | -€26,329 | -65.8% |
| Remuneration and social security | 454/9 | €21,464 | €16,331 | -€5,133 | -23.9% |
| Other amounts payable | 47/48 | - | €2,692 | +€2,692 | |
| Remuneration, social security and pensions | 62 | €114 | €49 | -€66 | -57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,182 | €23,182 | = | 0.0% |
| Other operating charges | 640/8 | €939 | €1,428 | +€489 | +52.1% |
| Gross operating margin | 9900 | €185,274 | €79,566 | -€105,708 | -57.1% |
| Operating profit (loss) | 9901 | €161,039 | €54,908 | -€106,132 | -65.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €136 | €222 | +€85 | +62.4% |
| Recurring financial charges | 65 | €136 | €222 | +€85 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | €160,903 | €54,686 | -€106,217 | -66.0% |
| Income taxes | 67/77 | €38,190 | €17,751 | -€20,439 | -53.5% |
| Profit (loss) for the period | 9904 | €122,713 | €36,935 | -€85,778 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €122,713 | €36,935 | -€85,778 | -69.9% |
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 24 October 2026 via checked.be.