EUROPAIR BENELUX: what changed
EUROPAIR BENELUX
Largest movements
- Receivables within one year +€86,867
up €86,867 (+43.5%), from €199,747 to €286,614
of which Other amounts receivable: +€93,868
- Stocks and contracts -€45,000
down €45,000 (-70.9%), from €63,483 to €18,483
- Tangible fixed assets -€5,922
down €5,922 (-87.0%), from €6,802 to €881
- Trade debts +€63,814
up €63,814 (+115%), from €55,403 to €119,217
- Short-term financial debts -€46,736
down €46,736 (-100.0%), from €46,737 to €1
- Other debts +€37,853
up €37,853 (+29.3%), from €129,227 to €167,080
- Tax, wage and social debts -€26,069
down €26,069 (-52.5%), from €49,688 to €23,619
of which Taxes: -€19,673
- Profit (loss) carried forward +€12,449
up €12,449 (+3.0%), from -€413,331 to -€400,881
- Gross operating margin +€49,412
up €49,412 (+151%), from €32,648 to €82,060
- Staff costs -€12,794
down €12,794 (-19.6%), from €65,330 to €52,537
- Financial charges +€1,141
up €1,141 (+20.4%), from €5,587 to €6,728
- Other operating charges -€994
down €994 (-18.8%), from €5,271 to €4,278
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,042 | €310,450 | +€36,408 | +13.3% |
| Fixed assets | 21/28 | €6,802 | €881 | -€5,922 | -87.0% |
| Tangible fixed assets | 22/27 | €6,802 | €881 | -€5,922 | -87.0% |
| Furniture and vehicles | 24 | €6,802 | €881 | -€5,922 | -87.0% |
| Current assets | 29/58 | €267,240 | €309,569 | +€42,329 | +15.8% |
| Stocks and contracts in progress | 3 | €63,483 | €18,483 | -€45,000 | -70.9% |
| Stocks | 30/36 | €63,483 | €18,483 | -€45,000 | -70.9% |
| Amounts receivable within one year | 40/41 | €199,747 | €286,614 | +€86,867 | +43.5% |
| Trade receivables | 40 | €140,380 | €133,379 | -€7,001 | -5.0% |
| Other amounts receivable | 41 | €59,367 | €153,235 | +€93,868 | +158% |
| Cash at bank and in hand | 54/58 | €4,010 | €4,472 | +€462 | +11.5% |
| Total equity and liabilities | 10/49 | €274,042 | €310,450 | +€36,408 | +13.3% |
| Equity | 10/15 | -€13,331 | -€881 | +€12,449 | +93.4% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€413,331 | -€400,881 | +€12,449 | +3.0% |
| Amounts payable | 17/49 | €287,373 | €311,331 | +€23,958 | +8.3% |
| Amounts payable after more than one year | 17 | €1,414 | €0 | -€1,414 | -100% |
| Financial debts | 170/4 | €1,414 | €0 | -€1,414 | -100% |
| Amounts payable within one year | 42/48 | €285,959 | €311,331 | +€25,372 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €4,903 | €1,414 | -€3,489 | -71.2% |
| Financial debts | 43 | €46,737 | €1 | -€46,736 | -100.0% |
| Credit institutions | 430/8 | €46,737 | €1 | -€46,736 | -100.0% |
| Trade debts | 44 | €55,403 | €119,217 | +€63,814 | +115% |
| Suppliers | 440/4 | €55,403 | €119,217 | +€63,814 | +115% |
| Taxes, remuneration and social security | 45 | €49,688 | €23,619 | -€26,069 | -52.5% |
| Taxes | 450/3 | €43,292 | €23,619 | -€19,673 | -45.4% |
| Remuneration and social security | 454/9 | €6,396 | - | -€6,396 | |
| Other amounts payable | 47/48 | €129,227 | €167,080 | +€37,853 | +29.3% |
| Remuneration, social security and pensions | 62 | €65,330 | €52,537 | -€12,794 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,625 | €5,922 | +€297 | +5.3% |
| Other operating charges | 640/8 | €5,271 | €4,278 | -€994 | -18.8% |
| Gross operating margin | 9900 | €32,648 | €82,060 | +€49,412 | +151% |
| Operating profit (loss) | 9901 | -€43,578 | €19,324 | +€62,903 | |
| Financial charges | 65/66B | €5,587 | €6,728 | +€1,141 | +20.4% |
| Recurring financial charges | 65 | €5,587 | €6,728 | +€1,141 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | -€49,165 | €12,596 | +€61,761 | |
| Income taxes | 67/77 | - | €147 | +€147 | |
| Profit (loss) for the period | 9904 | -€49,165 | €12,449 | +€61,614 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,165 | €12,449 | +€61,614 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.