EURONATAL: 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.
EURONATAL
Largest movements
- Receivables within one year -€361,795
down €361,795 (-76.3%), from €474,222 to €112,427
of which Trade receivables: -€336,605
- Cash -€55,249
down €55,249 (-96.4%), from €57,320 to €2,071
mainly Trade debts (-€345,102) and Net result for the year (-€101,073)
- Tangible fixed assets -€12,549
down €12,549 (-22.3%), from €56,368 to €43,820
of which Leasing and similar rights: -€10,661
- Trade debts -€345,102
down €345,102 (-94.3%), from €365,963 to €20,861
- Profit (loss) carried forward -€101,306
down €101,306 (-71.9%), from €140,987 to €39,680
- Other debts +€21,618
up €21,618 (+2,276%), from €950 to €22,568
- Tax, wage and social debts +€11,285
up €11,285 (+94.6%), from €11,925 to €23,209
of which Remuneration and social security: +€11,800
- Debts after one year -€9,509
down €9,509 (-30.0%), from €31,738 to €22,230
- Gross operating margin -€124,660
down €124,660, from €49,905 to -€74,755
- Taxes -€10,046
down €10,046 (-84.2%), from €11,925 to €1,879
- Financial charges +€6,710
up €6,710 (+152%), from €4,417 to €11,126
- Depreciation +€3,912
up €3,912 (+39.4%), from €9,926 to €13,839
- Other operating charges -€1,306
down €1,306 (-59.3%), from €2,203 to €897
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 | €588,110 | €158,518 | -€429,593 | -73.0% |
| Fixed assets | 21/28 | €56,568 | €44,020 | -€12,549 | -22.2% |
| Tangible fixed assets | 22/27 | €56,368 | €43,820 | -€12,549 | -22.3% |
| Plant, machinery and equipment | 23 | €1,044 | €1,580 | +€536 | +51.4% |
| Furniture and vehicles | 24 | €8,620 | €6,196 | -€2,424 | -28.1% |
| Leasing and similar rights | 25 | €46,705 | €36,043 | -€10,661 | -22.8% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €531,542 | €114,498 | -€417,044 | -78.5% |
| Amounts receivable within one year | 40/41 | €474,222 | €112,427 | -€361,795 | -76.3% |
| Trade receivables | 40 | €440,279 | €103,673 | -€336,605 | -76.5% |
| Other amounts receivable | 41 | €33,943 | €8,754 | -€25,190 | -74.2% |
| Cash at bank and in hand | 54/58 | €57,320 | €2,071 | -€55,249 | -96.4% |
| Total equity and liabilities | 10/49 | €588,110 | €158,518 | -€429,593 | -73.0% |
| Equity | 10/15 | €161,447 | €60,140 | -€101,306 | -62.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €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% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,987 | €39,680 | -€101,306 | -71.9% |
| Amounts payable | 17/49 | €426,664 | €98,377 | -€328,286 | -76.9% |
| Amounts payable after more than one year | 17 | €31,738 | €22,230 | -€9,509 | -30.0% |
| Financial debts | 170/4 | €31,738 | €22,230 | -€9,509 | -30.0% |
| Amounts payable within one year | 42/48 | €394,925 | €76,148 | -€318,778 | -80.7% |
| Current portion of amounts payable after more than one year | 42 | €16,088 | €9,509 | -€6,579 | -40.9% |
| Trade debts | 44 | €365,963 | €20,861 | -€345,102 | -94.3% |
| Suppliers | 440/4 | €365,963 | €20,861 | -€345,102 | -94.3% |
| Taxes, remuneration and social security | 45 | €11,925 | €23,209 | +€11,285 | +94.6% |
| Taxes | 450/3 | €11,925 | €11,409 | -€515 | -4.3% |
| Remuneration and social security | 454/9 | - | €11,800 | +€11,800 | |
| Other amounts payable | 47/48 | €950 | €22,568 | +€21,618 | +2,276% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,926 | €13,839 | +€3,912 | +39.4% |
| Other operating charges | 640/8 | €2,203 | €897 | -€1,306 | -59.3% |
| Gross operating margin | 9900 | €49,905 | -€74,755 | -€124,660 | |
| Operating profit (loss) | 9901 | €37,776 | -€89,491 | -€127,267 | |
| Financial income | 75/76B | €1,465 | €1,423 | -€43 | -2.9% |
| Recurring financial income | 75 | €1,465 | €1,423 | -€43 | -2.9% |
| Financial charges | 65/66B | €4,417 | €11,126 | +€6,710 | +152% |
| Recurring financial charges | 65 | €4,417 | €11,126 | +€6,710 | +152% |
| Profit (loss) for the period before taxes | 9903 | €34,824 | -€99,195 | -€134,019 | |
| Income taxes | 67/77 | €11,925 | €1,879 | -€10,046 | -84.2% |
| Profit (loss) for the period | 9904 | €22,900 | -€101,073 | -€123,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,900 | -€101,073 | -€123,973 |
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 30 October 2026 via checked.be.