Euroman: 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.
Euroman
Largest movements
- Receivables within one year +€414,806
up €414,806 (+262%), from €158,048 to €572,853
of which Trade receivables: +€426,037
- Tangible fixed assets -€12,612
down €12,612 (-43.7%), from €28,888 to €16,276
of which Plant, machinery and equipment: -€6,567
- Advances received +€191,390
new in 2025: €191,390
- Trade debts +€171,301
up €171,301 (+194%), from €88,302 to €259,603
- Other debts +€16,010
new in 2025: €16,010
- Profit (loss) carried forward +€10,859
up €10,859 (+26.4%), from €41,113 to €51,972
- Tax, wage and social debts +€9,242
up €9,242 (+14.0%), from €66,107 to €75,349
of which Taxes: +€6,803
- Purchases and services +€42,693
up €42,693 (+4.3%), from €982,192 to €1.0m
- Staff costs -€29,721
down €29,721 (-27.3%), from €108,852 to €79,131
- Gross operating margin -€23,016
down €23,016 (-16.2%), from €142,348 to €119,332
- Taxes +€11,660
new in 2025: €11,660
- Depreciation +€1,880
up €1,880 (+17.5%), from €10,732 to €12,612
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 | €201,722 | €600,524 | +€398,802 | +198% |
| Fixed assets | 21/28 | €29,188 | €16,576 | -€12,612 | -43.2% |
| Tangible fixed assets | 22/27 | €28,888 | €16,276 | -€12,612 | -43.7% |
| Plant, machinery and equipment | 23 | €19,101 | €12,534 | -€6,567 | -34.4% |
| Furniture and vehicles | 24 | €9,787 | €3,741 | -€6,046 | -61.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €172,534 | €583,948 | +€411,414 | +238% |
| Stocks and contracts in progress | 3 | €12,900 | €9,550 | -€3,350 | -26.0% |
| Stocks | 30/36 | €12,900 | €9,550 | -€3,350 | -26.0% |
| Amounts receivable within one year | 40/41 | €158,048 | €572,853 | +€414,806 | +262% |
| Trade receivables | 40 | €142,698 | €568,735 | +€426,037 | +299% |
| Other amounts receivable | 41 | €15,350 | €4,118 | -€11,232 | -73.2% |
| Cash at bank and in hand | 54/58 | €1,586 | €1,545 | -€41 | -2.6% |
| Total equity and liabilities | 10/49 | €201,722 | €600,524 | +€398,802 | +198% |
| Equity | 10/15 | €47,313 | €58,172 | +€10,859 | +23.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,113 | €51,972 | +€10,859 | +26.4% |
| Amounts payable | 17/49 | €154,409 | €542,352 | +€387,943 | +251% |
| Amounts payable within one year | 42/48 | €154,409 | €542,352 | +€387,943 | +251% |
| Trade debts | 44 | €88,302 | €259,603 | +€171,301 | +194% |
| Suppliers | 440/4 | €88,302 | €259,603 | +€171,301 | +194% |
| Advances received on contracts in progress | 46 | - | €191,390 | +€191,390 | |
| Taxes, remuneration and social security | 45 | €66,107 | €75,349 | +€9,242 | +14.0% |
| Taxes | 450/3 | €25,893 | €32,696 | +€6,803 | +26.3% |
| Remuneration and social security | 454/9 | €40,214 | €42,654 | +€2,439 | +6.1% |
| Other amounts payable | 47/48 | - | €16,010 | +€16,010 | |
| Goods, raw materials, services and sundry goods | 60/61 | €982,192 | €1,024,885 | +€42,693 | +4.3% |
| Remuneration, social security and pensions | 62 | €108,852 | €79,131 | -€29,721 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,732 | €12,612 | +€1,880 | +17.5% |
| Other operating charges | 640/8 | €3,364 | €4,908 | +€1,544 | +45.9% |
| Gross operating margin | 9900 | €142,348 | €119,332 | -€23,016 | -16.2% |
| Operating profit (loss) | 9901 | €19,400 | €22,681 | +€3,280 | +16.9% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €788 | €162 | -€626 | -79.4% |
| Recurring financial charges | 65 | €788 | €162 | -€626 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | €18,634 | €22,519 | +€3,885 | +20.8% |
| Income taxes | 67/77 | - | €11,660 | +€11,660 | |
| Profit (loss) for the period | 9904 | €18,634 | €10,859 | -€7,775 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,634 | €10,859 | -€7,775 | -41.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.