EUROPA PLUS: 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.
EUROPA PLUS
Largest movements
- Receivables within one year +€63,445
up €63,445 (+1,397%), from €4,542 to €67,986
of which Other amounts receivable: +€38,445
- Tangible fixed assets -€7,798
down €7,798 (-10.8%), from €72,318 to €64,520
of which Plant, machinery and equipment: -€3,987
- Cash +€4,793
up €4,793 (+82.2%), from €5,833 to €10,626
mainly Net result for the year (+€65,908) and Tax, wage and social debts (+€21,869)
- Stocks and contracts -€2,590
down €2,590 (-46.3%), from €5,600 to €3,010
- Profit (loss) carried forward +€65,908
up €65,908, from -€3,359 to €62,549
- Other debts -€39,453
no longer reported in 2025 (was €39,453)
- Tax, wage and social debts +€21,869
up €21,869 (+1,049%), from €2,085 to €23,953
of which Taxes: +€22,492
- Trade debts +€18,047
up €18,047 (+249%), from €7,252 to €25,298
- Debts after one year -€7,400
down €7,400 (-23.3%), from €31,800 to €24,400
- Gross operating margin +€51,339
up €51,339 (+81.1%), from €63,293 to €114,632
- Taxes +€17,354
up €17,354 (+5,796%), from €299 to €17,653
- Depreciation +€3,219
up €3,219 (+36.1%), from €8,928 to €12,146
- Other operating charges +€2,369
up €2,369 (+154%), from €1,533 to €3,902
- Financial charges +€2,012
up €2,012 (+54.8%), from €3,673 to €5,685
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 | €91,998 | €151,069 | +€59,071 | +64.2% |
| Fixed assets | 21/28 | €75,124 | €67,326 | -€7,798 | -10.4% |
| Tangible fixed assets | 22/27 | €72,318 | €64,520 | -€7,798 | -10.8% |
| Plant, machinery and equipment | 23 | €22,419 | €18,432 | -€3,987 | -17.8% |
| Furniture and vehicles | 24 | €13,857 | €10,283 | -€3,575 | -25.8% |
| Other tangible fixed assets | 26 | €36,042 | €35,806 | -€236 | -0.7% |
| Financial fixed assets | 28 | €2,806 | €2,806 | = | 0.0% |
| Current assets | 29/58 | €16,874 | €83,743 | +€66,869 | +396% |
| Stocks and contracts in progress | 3 | €5,600 | €3,010 | -€2,590 | -46.3% |
| Stocks | 30/36 | €5,600 | €3,010 | -€2,590 | -46.3% |
| Amounts receivable within one year | 40/41 | €4,542 | €67,986 | +€63,445 | +1,397% |
| Trade receivables | 40 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 41 | €4,542 | €42,986 | +€38,445 | +846% |
| Cash at bank and in hand | 54/58 | €5,833 | €10,626 | +€4,793 | +82.2% |
| Deferred charges and accrued income | 490/1 | €899 | €2,121 | +€1,222 | +136% |
| Total equity and liabilities | 10/49 | €91,998 | €151,069 | +€59,071 | +64.2% |
| Equity | 10/15 | €4,391 | €70,299 | +€65,908 | +1,501% |
| Contributions | 10/11 | €7,750 | €7,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,359 | €62,549 | +€65,908 | |
| Amounts payable | 17/49 | €87,607 | €80,770 | -€6,837 | -7.8% |
| Amounts payable after more than one year | 17 | €31,800 | €24,400 | -€7,400 | -23.3% |
| Financial debts | 170/4 | €31,800 | €24,400 | -€7,400 | -23.3% |
| Amounts payable within one year | 42/48 | €55,807 | €56,370 | +€563 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €7,018 | €7,118 | +€101 | +1.4% |
| Trade debts | 44 | €7,252 | €25,298 | +€18,047 | +249% |
| Suppliers | 440/4 | €7,252 | €25,298 | +€18,047 | +249% |
| Taxes, remuneration and social security | 45 | €2,085 | €23,953 | +€21,869 | +1,049% |
| Taxes | 450/3 | €299 | €22,791 | +€22,492 | +7,512% |
| Remuneration and social security | 454/9 | €1,785 | €1,162 | -€623 | -34.9% |
| Other amounts payable | 47/48 | €39,453 | - | -€39,453 | |
| Remuneration, social security and pensions | 62 | €5,580 | €7,587 | +€2,007 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,928 | €12,146 | +€3,219 | +36.1% |
| Other operating charges | 640/8 | €1,533 | €3,902 | +€2,369 | +154% |
| Non-recurring operating charges | 66A | €3,000 | €1,750 | -€1,250 | -41.7% |
| Gross operating margin | 9900 | €63,293 | €114,632 | +€51,339 | +81.1% |
| Operating profit (loss) | 9901 | €44,252 | €89,246 | +€44,994 | +102% |
| Financial charges | 65/66B | €3,673 | €5,685 | +€2,012 | +54.8% |
| Recurring financial charges | 65 | €3,673 | €5,685 | +€2,012 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | €40,579 | €83,561 | +€42,982 | +106% |
| Income taxes | 67/77 | €299 | €17,653 | +€17,354 | +5,796% |
| Profit (loss) for the period | 9904 | €40,279 | €65,908 | +€25,629 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,279 | €65,908 | +€25,629 | +63.6% |
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 21 October 2026 via checked.be.