Europe Instruments: 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 Instruments
Largest movements
- Cash +€169,460
up €169,460 (+83.8%), from €202,325 to €371,785
mainly Depreciation (+€147,645) and Net result for the year (+€47,383)
- Tangible fixed assets -€147,645
down €147,645 (-2.8%), from €5.3m to €5.1m
of which Land and buildings: -€142,583
- Profit (loss) carried forward +€71,646
up €71,646 (+14.2%), from -€506,184 to -€434,538
- Gross operating margin -€32,531
down €32,531 (-11.9%), from €274,430 to €241,898
- Taxes +€11,214
up €11,214 (+82.0%), from €13,673 to €24,886
- Depreciation -€8,748
down €8,748 (-5.6%), from €156,393 to €147,645
- Other operating charges -€6,459
down €6,459 (-17.6%), from €36,623 to €30,164
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 | €5,586,208 | €5,654,513 | +€68,305 | +1.2% |
| Fixed assets | 21/28 | €5,283,109 | €5,135,464 | -€147,645 | -2.8% |
| Tangible fixed assets | 22/27 | €5,283,109 | €5,135,464 | -€147,645 | -2.8% |
| Land and buildings | 22 | €5,054,255 | €4,911,672 | -€142,583 | -2.8% |
| Plant, machinery and equipment | 23 | €227,191 | €223,159 | -€4,032 | -1.8% |
| Furniture and vehicles | 24 | €1,664 | €633 | -€1,030 | -61.9% |
| Current assets | 29/58 | €303,099 | €519,049 | +€215,950 | +71.2% |
| Amounts receivable within one year | 40/41 | €100,774 | €147,264 | +€46,490 | +46.1% |
| Trade receivables | 40 | €58,789 | €55,278 | -€3,510 | -6.0% |
| Other amounts receivable | 41 | €41,985 | €91,985 | +€50,000 | +119% |
| Cash at bank and in hand | 54/58 | €202,325 | €371,785 | +€169,460 | +83.8% |
| Total equity and liabilities | 10/49 | €5,586,208 | €5,654,513 | +€68,305 | +1.2% |
| Equity | 10/15 | €4,721,016 | €4,768,398 | +€47,383 | +1.0% |
| Contributions | 10/11 | €4,680,600 | €4,680,600 | = | 0.0% |
| Reserves | 13 | €546,599 | €522,336 | -€24,263 | -4.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €489,932 | €465,670 | -€24,263 | -5.0% |
| Distributable reserves | 133 | €54,807 | €56,667 | +€1,860 | +3.4% |
| Profit (loss) carried forward | 14 | -€506,184 | -€434,538 | +€71,646 | +14.2% |
| Provisions and deferred taxes | 16 | €777,832 | €765,338 | -€12,493 | -1.6% |
| Provisions for liabilities and charges | 160/5 | €525,503 | €525,503 | = | 0.0% |
| Taxes | 161 | €525,503 | €525,503 | = | 0.0% |
| Deferred taxes | 168 | €252,329 | €239,836 | -€12,493 | -5.0% |
| Amounts payable | 17/49 | €87,360 | €120,776 | +€33,416 | +38.3% |
| Amounts payable after more than one year | 17 | €57,361 | €45,695 | -€11,667 | -20.3% |
| Financial debts | 170/4 | €57,361 | €45,695 | -€11,667 | -20.3% |
| Amounts payable within one year | 42/48 | €29,999 | €56,000 | +€26,001 | +86.7% |
| Current portion of amounts payable after more than one year | 42 | €11,667 | €11,667 | = | 0.0% |
| Trade debts | 44 | €2,141 | €3,530 | +€1,389 | +64.9% |
| Suppliers | 440/4 | €2,141 | €3,530 | +€1,389 | +64.9% |
| Taxes, remuneration and social security | 45 | €1,970 | €29,691 | +€27,721 | +1,407% |
| Taxes | 450/3 | €1,970 | €29,691 | +€27,721 | +1,407% |
| Other amounts payable | 47/48 | €14,222 | €11,113 | -€3,109 | -21.9% |
| Accrued charges and deferred income | 492/3 | - | €19,082 | +€19,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,393 | €147,645 | -€8,748 | -5.6% |
| Other operating charges | 640/8 | €36,623 | €30,164 | -€6,459 | -17.6% |
| Gross operating margin | 9900 | €274,430 | €241,898 | -€32,531 | -11.9% |
| Operating profit (loss) | 9901 | €81,414 | €64,089 | -€17,325 | -21.3% |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | €4,162 | €4,313 | +€151 | +3.6% |
| Recurring financial charges | 65 | €4,162 | €4,313 | +€151 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €77,304 | €59,776 | -€17,528 | -22.7% |
| Transfer from deferred taxes | 780 | €12,493 | €12,493 | = | 0.0% |
| Income taxes | 67/77 | €13,673 | €24,886 | +€11,214 | +82.0% |
| Profit (loss) for the period | 9904 | €76,125 | €47,383 | -€28,742 | -37.8% |
| Transfer from tax-exempt reserves | 789 | €24,263 | €24,263 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,388 | €71,646 | -€28,742 | -28.6% |
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 23 October 2026 via checked.be.