EUROPASSUR: 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.
EUROPASSUR
Largest movements
- Cash +€344,320
up €344,320 (+444%), from €77,612 to €421,932
mainly Net result for the year (+€355,602) and Tax, wage and social debts (+€47,458)
- Tangible fixed assets -€25,688
down €25,688 (-11.2%), from €229,279 to €203,591
of which Furniture and vehicles: -€18,993
- Receivables within one year -€18,033
down €18,033 (-6.2%), from €289,748 to €271,714
of which Trade receivables: -€50,204
- Deferred charges and accrued income +€13,436
up €13,436 (+280%), from €4,800 to €18,237
- Reserves +€302,779
up €302,779 (+57.0%), from €531,536 to €834,315
of which Distributable reserves: +€302,779
- Tax, wage and social debts +€47,458
up €47,458 (+284%), from €16,691 to €64,149
of which Taxes: +€40,328
- Debts after one year -€29,409
down €29,409 (-100%), from €29,409 to €0
- Current portion of long-term debt -€11,269
down €11,269 (-100%), from €11,269 to €0
- Gross operating margin +€282,915
up €282,915 (+91.4%), from €309,371 to €592,287
- Taxes +€103,967
up €103,967 (+165%), from €62,902 to €166,869
- Staff costs -€41,296
down €41,296 (-49.7%), from €83,097 to €41,802
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 | €654,984 | €968,709 | +€313,725 | +47.9% |
| Fixed assets | 21/28 | €229,590 | €203,591 | -€25,998 | -11.3% |
| Tangible fixed assets | 22/27 | €229,279 | €203,591 | -€25,688 | -11.2% |
| Land and buildings | 22 | €176,158 | €169,463 | -€6,695 | -3.8% |
| Furniture and vehicles | 24 | €53,121 | €34,128 | -€18,993 | -35.8% |
| Financial fixed assets | 28 | €311 | €0 | -€311 | -100% |
| Current assets | 29/58 | €425,395 | €765,118 | +€339,723 | +79.9% |
| Amounts receivable within one year | 40/41 | €289,748 | €271,714 | -€18,033 | -6.2% |
| Trade receivables | 40 | €50,204 | €0 | -€50,204 | -100% |
| Other amounts receivable | 41 | €239,544 | €271,714 | +€32,170 | +13.4% |
| Current investments | 50/53 | €53,235 | €53,235 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,612 | €421,932 | +€344,320 | +444% |
| Deferred charges and accrued income | 490/1 | €4,800 | €18,237 | +€13,436 | +280% |
| Total equity and liabilities | 10/49 | €654,984 | €968,709 | +€313,725 | +47.9% |
| Equity | 10/15 | €590,343 | €893,122 | +€302,779 | +51.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €531,536 | €834,315 | +€302,779 | +57.0% |
| Tax-exempt reserves | 132 | €12,883 | €12,883 | = | 0.0% |
| Distributable reserves | 133 | €518,653 | €821,432 | +€302,779 | +58.4% |
| Profit (loss) carried forward | 14 | €40,057 | €40,057 | = | 0.0% |
| Amounts payable | 17/49 | €64,641 | €75,587 | +€10,947 | +16.9% |
| Amounts payable after more than one year | 17 | €29,409 | €0 | -€29,409 | -100% |
| Financial debts | 170/4 | €29,409 | €0 | -€29,409 | -100% |
| Amounts payable within one year | 42/48 | €33,132 | €75,587 | +€42,455 | +128% |
| Current portion of amounts payable after more than one year | 42 | €11,269 | €0 | -€11,269 | -100% |
| Trade debts | 44 | €5,173 | €11,439 | +€6,266 | +121% |
| Suppliers | 440/4 | €5,173 | €11,439 | +€6,266 | +121% |
| Taxes, remuneration and social security | 45 | €16,691 | €64,149 | +€47,458 | +284% |
| Taxes | 450/3 | €14,287 | €54,615 | +€40,328 | +282% |
| Remuneration and social security | 454/9 | €2,404 | €9,533 | +€7,130 | +297% |
| Accrued charges and deferred income | 492/3 | €2,100 | €0 | -€2,100 | -100% |
| Remuneration, social security and pensions | 62 | €83,097 | €41,802 | -€41,296 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,957 | €27,664 | -€294 | -1.1% |
| Other operating charges | 640/8 | €7,572 | €2,879 | -€4,693 | -62.0% |
| Gross operating margin | 9900 | €309,371 | €592,287 | +€282,915 | +91.4% |
| Operating profit (loss) | 9901 | €190,745 | €519,942 | +€329,197 | +173% |
| Financial income | 75/76B | €3,878 | €6,505 | +€2,627 | +67.7% |
| Recurring financial income | 75 | €3,878 | €6,505 | +€2,627 | +67.7% |
| Financial charges | 65/66B | €2,789 | €3,976 | +€1,187 | +42.6% |
| Recurring financial charges | 65 | €2,789 | €3,976 | +€1,187 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €191,834 | €522,471 | +€330,637 | +172% |
| Income taxes | 67/77 | €62,902 | €166,869 | +€103,967 | +165% |
| Profit (loss) for the period | 9904 | €128,932 | €355,602 | +€226,670 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €128,932 | €355,602 | +€226,670 | +176% |
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 28 October 2026 via checked.be.