EUROPE: 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.
EUROPE
Largest movements
- Receivables within one year -€3,552
down €3,552 (-33.9%), from €10,481 to €6,930
of which Trade receivables: -€3,551
- Cash +€2,687
up €2,687 (+55.7%), from €4,825 to €7,512
mainly Receivables within one year (+€3,552) and Net result for the year (+€3,548)
- Stocks and contracts -€1,923
down €1,923 (-20.7%), from €9,292 to €7,369
- Deferred charges and accrued income +€865
up €865 (+115%), from €755 to €1,619
- Other debts -€5,625
down €5,625 (-26.9%), from €20,915 to €15,290
- Profit (loss) carried forward +€3,548
up €3,548 (+28.1%), from -€12,641 to -€9,093
- Trade debts +€1,979
up €1,979 (+89.8%), from €2,203 to €4,181
- Tax, wage and social debts -€1,822
down €1,822 (-69.9%), from €2,606 to €784
of which Remuneration and social security: -€1,468
- Staff costs +€5,122
up €5,122 (+37.4%), from €13,679 to €18,801
- Depreciation +€1,658
up €1,658 (+283%), from €586 to €2,244
- Gross operating margin -€1,621
down €1,621 (-5.8%), from €27,981 to €26,360
- Financial income -€322
down €322 (-90.4%), from €356 to €34
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 | €33,534 | €31,613 | -€1,920 | -5.7% |
| Fixed assets | 21/28 | €8,182 | €8,184 | +€2 | 0.0% |
| Tangible fixed assets | 22/27 | €7,456 | €7,458 | +€2 | 0.0% |
| Furniture and vehicles | 24 | €5,476 | €3,479 | -€1,996 | -36.5% |
| Other tangible fixed assets | 26 | €1,980 | €3,978 | +€1,998 | +101% |
| Financial fixed assets | 28 | €726 | €726 | = | 0.0% |
| Current assets | 29/58 | €25,352 | €23,430 | -€1,922 | -7.6% |
| Stocks and contracts in progress | 3 | €9,292 | €7,369 | -€1,923 | -20.7% |
| Stocks | 30/36 | €9,292 | €7,369 | -€1,923 | -20.7% |
| Amounts receivable within one year | 40/41 | €10,481 | €6,930 | -€3,552 | -33.9% |
| Trade receivables | 40 | €9,482 | €5,931 | -€3,551 | -37.4% |
| Other amounts receivable | 41 | €999 | €998 | -€1 | -0.1% |
| Cash at bank and in hand | 54/58 | €4,825 | €7,512 | +€2,687 | +55.7% |
| Deferred charges and accrued income | 490/1 | €755 | €1,619 | +€865 | +115% |
| Total equity and liabilities | 10/49 | €33,534 | €31,613 | -€1,920 | -5.7% |
| Equity | 10/15 | €7,810 | €11,358 | +€3,548 | +45.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,641 | -€9,093 | +€3,548 | +28.1% |
| Amounts payable | 17/49 | €25,724 | €20,255 | -€5,468 | -21.3% |
| Amounts payable within one year | 42/48 | €25,724 | €20,255 | -€5,468 | -21.3% |
| Trade debts | 44 | €2,203 | €4,181 | +€1,979 | +89.8% |
| Suppliers | 440/4 | €2,203 | €4,181 | +€1,979 | +89.8% |
| Taxes, remuneration and social security | 45 | €2,606 | €784 | -€1,822 | -69.9% |
| Taxes | 450/3 | €700 | €347 | -€353 | -50.4% |
| Remuneration and social security | 454/9 | €1,906 | €437 | -€1,468 | -77.1% |
| Other amounts payable | 47/48 | €20,915 | €15,290 | -€5,625 | -26.9% |
| Remuneration, social security and pensions | 62 | €13,679 | €18,801 | +€5,122 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €586 | €2,244 | +€1,658 | +283% |
| Other operating charges | 640/8 | €1,027 | €1,223 | +€197 | +19.2% |
| Non-recurring operating charges | 66A | €451 | €255 | -€196 | -43.4% |
| Gross operating margin | 9900 | €27,981 | €26,360 | -€1,621 | -5.8% |
| Operating profit (loss) | 9901 | €12,239 | €3,836 | -€8,402 | -68.7% |
| Financial income | 75/76B | €356 | €34 | -€322 | -90.4% |
| Recurring financial income | 75 | €356 | €34 | -€322 | -90.4% |
| Financial charges | 65/66B | €337 | €134 | -€203 | -60.2% |
| Recurring financial charges | 65 | €337 | €134 | -€203 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €12,258 | €3,736 | -€8,521 | -69.5% |
| Income taxes | 67/77 | €171 | €188 | +€17 | +10.2% |
| Profit (loss) for the period | 9904 | €12,087 | €3,548 | -€8,539 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,087 | €3,548 | -€8,539 | -70.6% |
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 24 October 2026 via checked.be.