EUROMI: 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.
EUROMI
Largest movements
- Intangible fixed assets +€359,404
up €359,404 (+130%), from €277,457 to €636,861
- Cash -€171,107
down €171,107 (-41.7%), from €410,471 to €239,364
- Stocks and contracts +€146,752
up €146,752 (+10.4%), from €1.4m to €1.6m
- Receivables within one year +€60,877
up €60,877 (+4.7%), from €1.3m to €1.4m
of which Trade receivables: +€305,446
- Trade debts +€483,756
up €483,756 (+64.1%), from €755,020 to €1.2m
- Other debts +€470,037
up €470,037 (+59.7%), from €787,149 to €1.3m
- Debts after one year -€379,589
down €379,589 (-51.6%), from €736,089 to €356,500
- Profit (loss) carried forward -€144,029
down €144,029 (-11.6%), from €1.2m to €1.1m
- Gross operating margin +€831,900
up €831,900 (+73.0%), from €1.1m to €2.0m
- Staff costs +€682,517
up €682,517 (+63.6%), from €1.1m to €1.8m
- Depreciation +€93,253
up €93,253 (+43.2%), from €215,997 to €309,251
- Taxes -€44,325
down €44,325 (-103%), from -€43,157 to -€87,482
- Other operating charges +€24,561
up €24,561 (+64.9%), from €37,822 to €62,382
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,754,419 | €5,143,504 | +€389,084 | +8.2% |
| Fixed assets | 21/28 | €1,617,127 | €1,950,197 | +€333,070 | +20.6% |
| Intangible fixed assets | 21 | €277,457 | €636,861 | +€359,404 | +130% |
| Tangible fixed assets | 22/27 | €1,339,669 | €1,313,336 | -€26,334 | -2.0% |
| Land and buildings | 22 | €662,627 | €605,287 | -€57,340 | -8.7% |
| Plant, machinery and equipment | 23 | €517,661 | €562,793 | +€45,133 | +8.7% |
| Furniture and vehicles | 24 | €156,241 | €129,824 | -€26,417 | -16.9% |
| Other tangible fixed assets | 26 | €3,141 | €2,550 | -€591 | -18.8% |
| Assets under construction and advance payments | 27 | - | €12,881 | +€12,881 | |
| Current assets | 29/58 | €3,137,293 | €3,193,307 | +€56,014 | +1.8% |
| Stocks and contracts in progress | 3 | €1,404,942 | €1,551,694 | +€146,752 | +10.4% |
| Stocks | 30/36 | €1,404,942 | €1,551,694 | +€146,752 | +10.4% |
| Amounts receivable within one year | 40/41 | €1,296,217 | €1,357,094 | +€60,877 | +4.7% |
| Trade receivables | 40 | €530,139 | €835,585 | +€305,446 | +57.6% |
| Other amounts receivable | 41 | €766,078 | €521,509 | -€244,569 | -31.9% |
| Cash at bank and in hand | 54/58 | €410,471 | €239,364 | -€171,107 | -41.7% |
| Deferred charges and accrued income | 490/1 | €25,663 | €45,155 | +€19,493 | +76.0% |
| Total equity and liabilities | 10/49 | €4,754,419 | €5,143,504 | +€389,084 | +8.2% |
| Equity | 10/15 | €1,776,061 | €1,606,690 | -€169,372 | -9.5% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €93,750 | €93,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,245,583 | €1,101,554 | -€144,029 | -11.6% |
| Investment grants | 15 | €61,728 | €36,385 | -€25,343 | -41.1% |
| Amounts payable | 17/49 | €2,978,358 | €3,536,814 | +€558,456 | +18.8% |
| Amounts payable after more than one year | 17 | €736,089 | €356,500 | -€379,589 | -51.6% |
| Financial debts | 170/4 | €736,089 | €356,500 | -€379,589 | -51.6% |
| Amounts payable within one year | 42/48 | €2,242,270 | €3,180,315 | +€938,045 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €279,184 | €274,966 | -€4,218 | -1.5% |
| Financial debts | 43 | €291,856 | €250,000 | -€41,856 | -14.3% |
| Credit institutions | 430/8 | €291,856 | €250,000 | -€41,856 | -14.3% |
| Trade debts | 44 | €755,020 | €1,238,776 | +€483,756 | +64.1% |
| Suppliers | 440/4 | €755,020 | €1,238,776 | +€483,756 | +64.1% |
| Taxes, remuneration and social security | 45 | €129,061 | €159,387 | +€30,325 | +23.5% |
| Taxes | 450/3 | €22,515 | €26,999 | +€4,485 | +19.9% |
| Remuneration and social security | 454/9 | €106,547 | €132,387 | +€25,841 | +24.3% |
| Other amounts payable | 47/48 | €787,149 | €1,257,186 | +€470,037 | +59.7% |
| Non-recurring operating income | 76A | €53,211 | €6,807 | -€46,404 | -87.2% |
| Remuneration, social security and pensions | 62 | €1,072,384 | €1,754,901 | +€682,517 | +63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,997 | €309,251 | +€93,253 | +43.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,153 | €1,781 | -€6,372 | -78.2% |
| Other operating charges | 640/8 | €37,822 | €62,382 | +€24,561 | +64.9% |
| Non-recurring operating charges | 66A | €200 | €0 | -€200 | -100% |
| Gross operating margin | 9900 | €1,140,076 | €1,971,976 | +€831,900 | +73.0% |
| Operating profit (loss) | 9901 | -€194,480 | -€156,339 | +€38,141 | +19.6% |
| Financial income | 75/76B | €4,567 | €18,159 | +€13,592 | +298% |
| Recurring financial income | 75 | €4,567 | €18,159 | +€13,592 | +298% |
| Financial charges | 65/66B | €76,959 | €93,331 | +€16,372 | +21.3% |
| Recurring financial charges | 65 | €76,959 | €93,331 | +€16,372 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | -€266,872 | -€231,511 | +€35,361 | +13.3% |
| Income taxes | 67/77 | -€43,157 | -€87,482 | -€44,325 | -103% |
| Profit (loss) for the period | 9904 | -€223,715 | -€144,029 | +€79,686 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€223,715 | -€144,029 | +€79,686 | +35.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.