EUROMAX: 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.
What changed
EUROMAX
NACE 47.741, Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€9,643
2024 · €9,831-€19,474
Equity
€137,688
2024 · €147,331-€9,643
Cash
€5,001
2024 · €4,040+€961
Balance sheet total
€627,637
2024 · €641,919-€14,282
Largest movements
Assets
- Tangible fixed assets -€10,223
down €10,223 (-1.7%), from €615,342 to €605,118
of which Land and buildings: -€12,348
Equity and liabilities
- Debts after one year -€20,964
down €20,964 (-5.7%), from €367,025 to €346,060
- Other debts +€17,648
up €17,648 (+18.7%), from €94,536 to €112,184
- Profit (loss) carried forward -€9,643
down €9,643 (-9.5%), from €101,871 to €92,228
Income statement
- Gross operating margin -€19,961
down €19,961 (-67.9%), from €29,404 to €9,444
- Financial charges -€320
down €320 (-4.9%), from €6,497 to €6,177
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.
Result 2024
€9,831
Gross operating margin
-€19,961
Staff costs
+€61
Depreciation
-€70
Other operating charges
+€126
Financial income
+€50
Financial charges
+€320
Result 2025
-€9,643
raises the resultlowers the result
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.
From operations
+€23,817
Investment
-€2,185
Financing
-€20,672
Cash 2024
€4,040
From operations (derived)
+€23,817
Net result for the year
-€9,643
Depreciation
+€12,408
Stocks and contracts
+€3,327
Receivables within one year
+€1,692
Trade debts
-€4,534
Tax, wage and social debts
+€351
Other debts
+€17,648
Accrued charges and deferred income
+€2,567
Investment (derived)
-€2,185
Investment in fixed assets (net)
-€2,185
Financing
-€20,672
Debts after one year
-€20,964
Current portion of long-term debt
+€293
Cash 2025
€5,001
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €641,919 | €627,637 | -€14,282 | -2.2% |
| Fixed assets | 21/28 | €615,842 | €605,618 | -€10,223 | -1.7% |
| Tangible fixed assets | 22/27 | €615,342 | €605,118 | -€10,223 | -1.7% |
| Land and buildings | 22 | €615,342 | €602,994 | -€12,348 | -2.0% |
| Furniture and vehicles | 24 | - | €965 | +€965 | |
| Other tangible fixed assets | 26 | - | €1,160 | +€1,160 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €26,078 | €22,019 | -€4,059 | -15.6% |
| Stocks and contracts in progress | 3 | €16,620 | €13,293 | -€3,327 | -20.0% |
| Stocks | 30/36 | €16,620 | €13,293 | -€3,327 | -20.0% |
| Amounts receivable within one year | 40/41 | €5,417 | €3,725 | -€1,692 | -31.2% |
| Trade receivables | 40 | €5,417 | €3,725 | -€1,692 | -31.2% |
| Cash at bank and in hand | 54/58 | €4,040 | €5,001 | +€961 | +23.8% |
| Total equity and liabilities | 10/49 | €641,919 | €627,637 | -€14,282 | -2.2% |
| Equity | 10/15 | €147,331 | €137,688 | -€9,643 | -6.5% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Capital | 10 | €43,600 | €43,600 | = | 0.0% |
| Issued capital | 100 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,871 | €92,228 | -€9,643 | -9.5% |
| Amounts payable | 17/49 | €494,589 | €489,950 | -€4,639 | -0.9% |
| Amounts payable after more than one year | 17 | €367,025 | €346,060 | -€20,964 | -5.7% |
| Financial debts | 170/4 | €367,025 | €346,060 | -€20,964 | -5.7% |
| Amounts payable within one year | 42/48 | €127,564 | €141,322 | +€13,758 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €20,672 | €20,964 | +€293 | +1.4% |
| Trade debts | 44 | €9,890 | €5,356 | -€4,534 | -45.8% |
| Suppliers | 440/4 | €9,890 | €5,356 | -€4,534 | -45.8% |
| Taxes, remuneration and social security | 45 | €2,467 | €2,818 | +€351 | +14.2% |
| Taxes | 450/3 | €2,467 | €2,818 | +€351 | +14.2% |
| Other amounts payable | 47/48 | €94,536 | €112,184 | +€17,648 | +18.7% |
| Accrued charges and deferred income | 492/3 | - | €2,567 | +€2,567 | |
| Non-recurring operating income | 76A | €8,500 | - | -€8,500 | |
| Remuneration, social security and pensions | 62 | €61 | - | -€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,338 | €12,408 | +€70 | +0.6% |
| Other operating charges | 640/8 | €678 | €552 | -€126 | -18.6% |
| Gross operating margin | 9900 | €29,404 | €9,444 | -€19,961 | -67.9% |
| Operating profit (loss) | 9901 | €16,327 | -€3,516 | -€19,844 | |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €6,497 | €6,177 | -€320 | -4.9% |
| Recurring financial charges | 65 | €6,497 | €6,177 | -€320 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €9,831 | -€9,643 | -€19,474 | |
| Profit (loss) for the period | 9904 | €9,831 | -€9,643 | -€19,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,831 | -€9,643 | -€19,474 |
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 27 October 2026 via checked.be.