EUROPE LABELS: 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 LABELS
Largest movements
- Cash +€570,483
up €570,483 (+1,949%), from €29,273 to €599,756
mainly Net result for the year (+€468,373) and Current investments (+€400,000)
- Current investments -€400,000
down €400,000 (-100%), from €400,000 to €0
- Financial fixed assets -€276,698
down €276,698 (-5.1%), from €5.5m to €5.2m
- Debts after one year -€526,666
down €526,666 (-22.1%), from €2.4m to €1.9m
- Reserves +€470,000
up €470,000 (+22.5%), from €2.1m to €2.6m
of which Distributable reserves: +€470,000
- Financial income -€313,679
down €313,679 (-38.1%), from €822,344 to €508,665
- Gross operating margin -€15,893
down €15,893 (-16.5%), from €96,592 to €80,699
- Write-downs +€9,385
new in 2025: €9,385
- Financial charges -€6,393
down €6,393 (-13.0%), from €49,367 to €42,974
- Other operating charges +€6,372
up €6,372 (+461%), from €1,382 to €7,754
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 | €6,125,483 | €6,046,059 | -€79,424 | -1.3% |
| Fixed assets | 21/28 | €5,457,368 | €5,180,670 | -€276,698 | -5.1% |
| Financial fixed assets | 28 | €5,457,368 | €5,180,670 | -€276,698 | -5.1% |
| Current assets | 29/58 | €668,115 | €865,389 | +€197,274 | +29.5% |
| Amounts receivable within one year | 40/41 | €238,842 | €265,633 | +€26,791 | +11.2% |
| Trade receivables | 40 | €110,380 | €100,024 | -€10,356 | -9.4% |
| Other amounts receivable | 41 | €128,462 | €165,609 | +€37,147 | +28.9% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100% |
| Cash at bank and in hand | 54/58 | €29,273 | €599,756 | +€570,483 | +1,949% |
| Total equity and liabilities | 10/49 | €6,125,483 | €6,046,059 | -€79,424 | -1.3% |
| Equity | 10/15 | €3,140,984 | €3,609,356 | +€468,373 | +14.9% |
| Contributions | 10/11 | €1,050,000 | €1,050,000 | = | 0.0% |
| Capital | 10 | €1,050,000 | €1,050,000 | = | 0.0% |
| Issued capital | 100 | €1,050,000 | €1,050,000 | = | 0.0% |
| Reserves | 13 | €2,085,000 | €2,555,000 | +€470,000 | +22.5% |
| Non-distributable reserves | 130/1 | €105,000 | €105,000 | = | 0.0% |
| Legal reserve | 130 | €105,000 | €105,000 | = | 0.0% |
| Distributable reserves | 133 | €1,980,000 | €2,450,000 | +€470,000 | +23.7% |
| Profit (loss) carried forward | 14 | €5,984 | €4,356 | -€1,627 | -27.2% |
| Amounts payable | 17/49 | €2,984,499 | €2,436,703 | -€547,796 | -18.4% |
| Amounts payable after more than one year | 17 | €2,386,133 | €1,859,467 | -€526,666 | -22.1% |
| Financial debts | 170/4 | €2,386,133 | €1,859,467 | -€526,666 | -22.1% |
| Amounts payable within one year | 42/48 | €598,366 | €577,236 | -€21,130 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €518,722 | €568,643 | +€49,921 | +9.6% |
| Trade debts | 44 | €22,082 | €7,436 | -€14,646 | -66.3% |
| Suppliers | 440/4 | €22,082 | €7,436 | -€14,646 | -66.3% |
| Taxes, remuneration and social security | 45 | €562 | €1,157 | +€595 | +106% |
| Taxes | 450/3 | €562 | €252 | -€310 | -55.2% |
| Remuneration and social security | 454/9 | - | €905 | +€905 | |
| Other amounts payable | 47/48 | €57,000 | €0 | -€57,000 | -100% |
| Non-recurring operating income | 76A | - | €5,341 | +€5,341 | |
| Remuneration, social security and pensions | 62 | - | €5,611 | +€5,611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,385 | +€9,385 | |
| Other operating charges | 640/8 | €1,382 | €7,754 | +€6,372 | +461% |
| Non-recurring operating charges | 66A | - | €55,249 | +€55,249 | |
| Gross operating margin | 9900 | €96,592 | €80,699 | -€15,893 | -16.5% |
| Operating profit (loss) | 9901 | €95,211 | €2,700 | -€92,511 | -97.2% |
| Financial income | 75/76B | €822,344 | €508,665 | -€313,679 | -38.1% |
| Recurring financial income | 75 | €822,344 | €508,665 | -€313,679 | -38.1% |
| Financial charges | 65/66B | €49,367 | €42,974 | -€6,393 | -13.0% |
| Recurring financial charges | 65 | €49,367 | €42,974 | -€6,393 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €868,187 | €468,390 | -€399,797 | -46.0% |
| Income taxes | 67/77 | - | €18 | +€18 | |
| Profit (loss) for the period | 9904 | €868,187 | €468,373 | -€399,815 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €868,187 | €468,373 | -€399,815 | -46.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.