EURONEUF: 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.
EURONEUF
Largest movements
- Cash -€33,432
down €33,432 (-13.2%), from €253,265 to €219,832
mainly Other debts (-€27,000) and Contributions, distributions and other (-€20,000)
- Tangible fixed assets -€11,197
down €11,197 (-24.9%), from €44,915 to €33,718
of which Furniture and vehicles: -€9,448
- Other debts -€27,000
down €27,000 (-57.4%), from €47,000 to €20,000
- Trade debts -€12,324
down €12,324 (-39.0%), from €31,629 to €19,305
- Gross operating margin -€55,540
down €55,540 (-12.4%), from €449,483 to €393,943
- Staff costs -€21,036
down €21,036 (-6.1%), from €345,969 to €324,932
- Depreciation -€9,032
down €9,032 (-38.9%), from €23,231 to €14,198
- Other operating charges +€7,659
up €7,659 (+47.3%), from €16,181 to €23,840
- Taxes -€6,335
down €6,335 (-41.3%), from €15,335 to €9,000
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 | €359,266 | €314,721 | -€44,545 | -12.4% |
| Fixed assets | 21/28 | €45,324 | €34,127 | -€11,197 | -24.7% |
| Tangible fixed assets | 22/27 | €44,915 | €33,718 | -€11,197 | -24.9% |
| Plant, machinery and equipment | 23 | €7,774 | €6,025 | -€1,749 | -22.5% |
| Furniture and vehicles | 24 | €37,141 | €27,693 | -€9,448 | -25.4% |
| Financial fixed assets | 28 | €409 | €409 | = | 0.0% |
| Current assets | 29/58 | €313,941 | €280,594 | -€33,348 | -10.6% |
| Amounts receivable within one year | 40/41 | €12,669 | €10,299 | -€2,370 | -18.7% |
| Trade receivables | 40 | €7,643 | €5,667 | -€1,976 | -25.9% |
| Other amounts receivable | 41 | €5,027 | €4,632 | -€394 | -7.8% |
| Current investments | 50/53 | €35,314 | €35,314 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €253,265 | €219,832 | -€33,432 | -13.2% |
| Deferred charges and accrued income | 490/1 | €12,694 | €15,149 | +€2,455 | +19.3% |
| Total equity and liabilities | 10/49 | €359,266 | €314,721 | -€44,545 | -12.4% |
| Equity | 10/15 | €222,526 | €222,943 | +€417 | +0.2% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €50,500 | €50,500 | = | 0.0% |
| Distributable reserves | 133 | €50,500 | €50,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,026 | €7,443 | +€417 | +5.9% |
| Provisions and deferred taxes | 16 | €32,000 | €32,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €32,000 | €32,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €32,000 | €32,000 | = | 0.0% |
| Amounts payable | 17/49 | €104,740 | €59,778 | -€44,961 | -42.9% |
| Amounts payable within one year | 42/48 | €101,874 | €59,566 | -€42,308 | -41.5% |
| Financial debts | 43 | €1,567 | €1,588 | +€21 | +1.3% |
| Credit institutions | 430/8 | €1,567 | €1,588 | +€21 | +1.3% |
| Trade debts | 44 | €31,629 | €19,305 | -€12,324 | -39.0% |
| Suppliers | 440/4 | €31,629 | €19,305 | -€12,324 | -39.0% |
| Taxes, remuneration and social security | 45 | €21,678 | €18,673 | -€3,005 | -13.9% |
| Taxes | 450/3 | €7,622 | €2,989 | -€4,633 | -60.8% |
| Remuneration and social security | 454/9 | €14,056 | €15,684 | +€1,629 | +11.6% |
| Other amounts payable | 47/48 | €47,000 | €20,000 | -€27,000 | -57.4% |
| Accrued charges and deferred income | 492/3 | €2,866 | €212 | -€2,653 | -92.6% |
| Remuneration, social security and pensions | 62 | €345,969 | €324,932 | -€21,036 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,231 | €14,198 | -€9,032 | -38.9% |
| Other operating charges | 640/8 | €16,181 | €23,840 | +€7,659 | +47.3% |
| Gross operating margin | 9900 | €449,483 | €393,943 | -€55,540 | -12.4% |
| Operating profit (loss) | 9901 | €64,102 | €30,972 | -€33,130 | -51.7% |
| Financial income | 75/76B | €148 | €8 | -€141 | -94.9% |
| Recurring financial income | 75 | €148 | €8 | -€141 | -94.9% |
| Financial charges | 65/66B | €1,598 | €1,563 | -€36 | -2.2% |
| Recurring financial charges | 65 | €1,598 | €1,563 | -€36 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €62,652 | €29,417 | -€33,235 | -53.0% |
| Income taxes | 67/77 | €15,335 | €9,000 | -€6,335 | -41.3% |
| Profit (loss) for the period | 9904 | €47,317 | €20,417 | -€26,900 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,317 | €20,417 | -€26,900 | -56.9% |
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 23 October 2026 via checked.be.