EUROPACENTER: 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.
EUROPACENTER
Largest movements
- Stocks and contracts -€308,671
down €308,671 (-18.0%), from €1.7m to €1.4m
- Tangible fixed assets -€90,034
down €90,034 (-7.8%), from €1.2m to €1.1m
of which Plant, machinery and equipment: -€55,357
- Receivables within one year +€37,776
up €37,776 (+386%), from €9,791 to €47,567
of which Trade receivables: +€37,652
- Cash -€30,595
down €30,595 (-44.4%), from €68,976 to €38,381
mainly Trade debts (-€219,008) and Advances received (-€173,034)
- Trade debts -€219,008
down €219,008 (-20.1%), from €1.1m to €872,007
- Advances received -€173,034
down €173,034 (-72.4%), from €238,946 to €65,912
- Tax, wage and social debts +€52,850
up €52,850 (+133%), from €39,729 to €92,579
of which Taxes: +€55,494
- Short-term financial debts -€50,000
down €50,000 (-18.2%), from €275,000 to €225,000
of which Other loans: -€50,000
- Debts after one year -€41,947
down €41,947 (-6.0%), from €698,876 to €656,929
- Gross operating margin -€48,056
down €48,056 (-11.8%), from €405,766 to €357,710
- Staff costs -€17,457
down €17,457 (-8.7%), from €200,187 to €182,730
- Financial income +€16,805
up €16,805 (+125%), from €13,424 to €30,229
of which Non-recurring financial income: +€21,912
- Depreciation -€12,953
down €12,953 (-19.1%), from €67,681 to €54,728
- Financial charges +€7,384
up €7,384 (+10.8%), from €68,626 to €76,010
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 | €2,966,000 | €2,576,499 | -€389,500 | -13.1% |
| Fixed assets | 21/28 | €1,150,869 | €1,060,835 | -€90,034 | -7.8% |
| Tangible fixed assets | 22/27 | €1,150,804 | €1,060,770 | -€90,034 | -7.8% |
| Land and buildings | 22 | €1,043,540 | €1,009,069 | -€34,471 | -3.3% |
| Plant, machinery and equipment | 23 | €98,715 | €43,358 | -€55,357 | -56.1% |
| Furniture and vehicles | 24 | €8,549 | €8,343 | -€206 | -2.4% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €1,815,131 | €1,515,665 | -€299,466 | -16.5% |
| Stocks and contracts in progress | 3 | €1,718,918 | €1,410,247 | -€308,671 | -18.0% |
| Stocks | 30/36 | €1,718,918 | €1,410,247 | -€308,671 | -18.0% |
| Amounts receivable within one year | 40/41 | €9,791 | €47,567 | +€37,776 | +386% |
| Trade receivables | 40 | €9,791 | €47,442 | +€37,652 | +385% |
| Other amounts receivable | 41 | - | €125 | +€125 | |
| Cash at bank and in hand | 54/58 | €68,976 | €38,381 | -€30,595 | -44.4% |
| Deferred charges and accrued income | 490/1 | €17,446 | €19,469 | +€2,023 | +11.6% |
| Total equity and liabilities | 10/49 | €2,966,000 | €2,576,499 | -€389,500 | -13.1% |
| Equity | 10/15 | €504,475 | €543,513 | +€39,038 | +7.7% |
| Contributions | 10/11 | €120,758 | €120,758 | = | 0.0% |
| Reserves | 13 | €383,717 | €422,755 | +€39,038 | +10.2% |
| Tax-exempt reserves | 132 | €1,468 | €2,167 | +€699 | +47.6% |
| Distributable reserves | 133 | €382,249 | €420,588 | +€38,339 | +10.0% |
| Amounts payable | 17/49 | €2,461,524 | €2,032,986 | -€428,538 | -17.4% |
| Amounts payable after more than one year | 17 | €698,876 | €656,929 | -€41,947 | -6.0% |
| Financial debts | 170/4 | €698,876 | €656,929 | -€41,947 | -6.0% |
| Amounts payable within one year | 42/48 | €1,757,316 | €1,371,933 | -€385,383 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €66,035 | €44,134 | -€21,901 | -33.2% |
| Financial debts | 43 | €275,000 | €225,000 | -€50,000 | -18.2% |
| Credit institutions | 430/8 | €225,000 | €225,000 | = | 0.0% |
| Other loans | 439 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €1,091,016 | €872,007 | -€219,008 | -20.1% |
| Suppliers | 440/4 | €1,091,016 | €872,007 | -€219,008 | -20.1% |
| Advances received on contracts in progress | 46 | €238,946 | €65,912 | -€173,034 | -72.4% |
| Taxes, remuneration and social security | 45 | €39,729 | €92,579 | +€52,850 | +133% |
| Taxes | 450/3 | €17,515 | €73,008 | +€55,494 | +317% |
| Remuneration and social security | 454/9 | €22,214 | €19,571 | -€2,644 | -11.9% |
| Other amounts payable | 47/48 | €46,589 | €72,300 | +€25,711 | +55.2% |
| Accrued charges and deferred income | 492/3 | €5,332 | €4,124 | -€1,208 | -22.7% |
| Remuneration, social security and pensions | 62 | €200,187 | €182,730 | -€17,457 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,681 | €54,728 | -€12,953 | -19.1% |
| Other operating charges | 640/8 | €8,463 | €8,882 | +€419 | +4.9% |
| Non-recurring operating charges | 66A | €243 | - | -€243 | |
| Gross operating margin | 9900 | €405,766 | €357,710 | -€48,056 | -11.8% |
| Operating profit (loss) | 9901 | €129,191 | €111,370 | -€17,822 | -13.8% |
| Financial income | 75/76B | €13,424 | €30,229 | +€16,805 | +125% |
| Recurring financial income | 75 | €13,424 | €8,317 | -€5,107 | -38.0% |
| Non-recurring financial income | 76B | - | €21,912 | +€21,912 | |
| Financial charges | 65/66B | €68,626 | €76,010 | +€7,384 | +10.8% |
| Recurring financial charges | 65 | €68,626 | €76,010 | +€7,384 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €73,989 | €65,588 | -€8,401 | -11.4% |
| Income taxes | 67/77 | €26,630 | €26,550 | -€80 | -0.3% |
| Profit (loss) for the period | 9904 | €47,359 | €39,038 | -€8,321 | -17.6% |
| Transfer to tax-exempt reserves | 689 | €699 | €699 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,661 | €38,339 | -€8,321 | -17.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.