Europ: 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.
Europ
Largest movements
- Cash -€197,262
down €197,262 (-68.5%), from €287,955 to €90,693
mainly Net result for the year (-€246,456) and Investment in fixed assets (net) (-€35,071)
- Current investments -€70,503
down €70,503 (-30.6%), from €230,661 to €160,158
- Tangible fixed assets +€24,532
up €24,532 (+44.0%), from €55,750 to €80,282
of which Land and buildings: +€25,816
- Reserves -€246,456
down €246,456 (-59.8%), from €412,317 to €165,861
- Gross operating margin -€498,443
down €498,443 (-96.5%), from €516,368 to €17,925
- Financial charges +€279,084
up €279,084 (+26035.7%), from €1,072 to €280,156
- Taxes -€134,247
down €134,247 (-98.3%), from €136,615 to €2,368
- Depreciation +€8,282
up €8,282 (+366.8%), from €2,258 to €10,540
- Financial income -€7,754
down €7,754 (-21.2%), from €36,648 to €28,893
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €626,754 | €382,563 | -€244,192 | -39.0% |
| Fixed assets | 21/28 | €55,750 | €80,282 | +€24,532 | +44.0% |
| Tangible fixed assets | 22/27 | €55,750 | €80,282 | +€24,532 | +44.0% |
| Land and buildings | 22 | - | €25,816 | +€25,816 | |
| Plant, machinery and equipment | 23 | €55,750 | €50,130 | -€5,620 | -10.1% |
| Furniture and vehicles | 24 | - | €4,336 | +€4,336 | |
| Current assets | 29/58 | €571,004 | €302,281 | -€268,723 | -47.1% |
| Amounts receivable within one year | 40/41 | €52,388 | €51,430 | -€958 | -1.8% |
| Other amounts receivable | 41 | €52,388 | €51,430 | -€958 | -1.8% |
| Current investments | 50/53 | €230,661 | €160,158 | -€70,503 | -30.6% |
| Cash at bank and in hand | 54/58 | €287,955 | €90,693 | -€197,262 | -68.5% |
| Total equity and liabilities | 10/49 | €626,754 | €382,563 | -€244,192 | -39.0% |
| Equity | 10/15 | €417,317 | €170,861 | -€246,456 | -59.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €412,317 | €165,861 | -€246,456 | -59.8% |
| Distributable reserves | 133 | €412,317 | €165,861 | -€246,456 | -59.8% |
| Amounts payable | 17/49 | €209,437 | €211,702 | +€2,264 | +1.1% |
| Amounts payable within one year | 42/48 | €209,437 | €211,702 | +€2,264 | +1.1% |
| Trade debts | 44 | €50,997 | €50,102 | -€895 | -1.8% |
| Suppliers | 440/4 | €50,997 | €50,102 | -€895 | -1.8% |
| Taxes, remuneration and social security | 45 | €136,495 | €138,822 | +€2,327 | +1.7% |
| Taxes | 450/3 | €136,495 | €138,822 | +€2,327 | +1.7% |
| Other amounts payable | 47/48 | €21,945 | €22,778 | +€833 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,258 | €10,540 | +€8,282 | +366.8% |
| Other operating charges | 640/8 | €754 | €210 | -€544 | -72.1% |
| Gross operating margin | 9900 | €516,368 | €17,925 | -€498,443 | -96.5% |
| Operating profit (loss) | 9901 | €513,356 | €7,175 | -€506,181 | -98.6% |
| Financial income | 75/76B | €36,648 | €28,893 | -€7,754 | -21.2% |
| Recurring financial income | 75 | €36,648 | €28,893 | -€7,754 | -21.2% |
| Financial charges | 65/66B | €1,072 | €280,156 | +€279,084 | +26035.7% |
| Recurring financial charges | 65 | €1,072 | €280,156 | +€279,084 | +26035.7% |
| Profit (loss) for the period before taxes | 9903 | €548,932 | -€244,088 | -€793,020 | |
| Income taxes | 67/77 | €136,615 | €2,368 | -€134,247 | -98.3% |
| Profit (loss) for the period | 9904 | €412,317 | -€246,456 | -€658,773 | |
| Profit (loss) for the period to be appropriated | 9905 | €412,317 | -€246,456 | -€658,773 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.