EUROPAMAGIC: what changed
EUROPAMAGIC
Largest movements
- Tangible fixed assets +€32,770
new in 2023: €32,770
- Cash -€8,207
down €8,207 (-45.2%), from €18,171 to €9,965
mainly Investment in fixed assets (net) (-€33,900) and Receivables within one year (-€5,453)
- Receivables within one year +€5,453
up €5,453 (+26.2%), from €20,806 to €26,259
of which Other amounts receivable: +€7,566
- Trade debts +€28,672
new in 2023: €28,672
- Reserves +€6,258
up €6,258 (+56.3%), from €11,122 to €17,380
of which Distributable reserves: +€6,258
- Other debts -€5,047
no longer reported in 2023 (was €5,047)
- Gross operating margin -€44,928
down €44,928 (-83.5%), from €53,823 to €8,895
- Taxes -€3,980
down €3,980, from €2,898 to -€1,082
- Other operating charges -€638
down €638 (-28.2%), from €2,261 to €1,623
Change in the result, 2022 to 2023
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 2022 and 2023 balance sheets and the 2023 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 | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,616 | €69,373 | +€29,757 | +75.1% |
| Fixed assets | 21/28 | €380 | €33,150 | +€32,770 | +8,624% |
| Tangible fixed assets | 22/27 | - | €32,770 | +€32,770 | |
| Furniture and vehicles | 24 | - | €32,770 | +€32,770 | |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €39,236 | €36,223 | -€3,013 | -7.7% |
| Amounts receivable within one year | 40/41 | €20,806 | €26,259 | +€5,453 | +26.2% |
| Trade receivables | 40 | €18,007 | €15,894 | -€2,113 | -11.7% |
| Other amounts receivable | 41 | €2,798 | €10,365 | +€7,566 | +270% |
| Cash at bank and in hand | 54/58 | €18,171 | €9,965 | -€8,207 | -45.2% |
| Deferred charges and accrued income | 490/1 | €260 | - | -€260 | |
| Total equity and liabilities | 10/49 | €39,616 | €69,373 | +€29,757 | +75.1% |
| Equity | 10/15 | €31,122 | €37,380 | +€6,258 | +20.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €11,122 | €17,380 | +€6,258 | +56.3% |
| Non-distributable reserves | 130/1 | €1,201 | €1,201 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,201 | €1,201 | = | 0.0% |
| Distributable reserves | 133 | €9,921 | €16,179 | +€6,258 | +63.1% |
| Amounts payable | 17/49 | €8,495 | €31,993 | +€23,499 | +277% |
| Amounts payable within one year | 42/48 | €8,495 | €31,993 | +€23,499 | +277% |
| Trade debts | 44 | - | €28,672 | +€28,672 | |
| Suppliers | 440/4 | - | €28,672 | +€28,672 | |
| Taxes, remuneration and social security | 45 | €3,447 | €3,322 | -€126 | -3.6% |
| Taxes | 450/3 | €3,447 | €3,322 | -€126 | -3.6% |
| Other amounts payable | 47/48 | €5,047 | - | -€5,047 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,507 | €1,130 | -€377 | -25.0% |
| Other operating charges | 640/8 | €2,261 | €1,623 | -€638 | -28.2% |
| Gross operating margin | 9900 | €53,823 | €8,895 | -€44,928 | -83.5% |
| Operating profit (loss) | 9901 | €50,054 | €6,141 | -€43,913 | -87.7% |
| Financial charges | 65/66B | €581 | €965 | +€384 | +66.0% |
| Recurring financial charges | 65 | €581 | €965 | +€384 | +66.0% |
| Profit (loss) for the period before taxes | 9903 | €49,473 | €5,176 | -€44,297 | -89.5% |
| Income taxes | 67/77 | €2,898 | -€1,082 | -€3,980 | |
| Profit (loss) for the period | 9904 | €46,575 | €6,258 | -€40,317 | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,575 | €6,258 | -€40,317 | -86.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.