EUROPE-LEATHER: what changed
What changed
EUROPE-LEATHER
NACE 47.784, Retail sale of souvenirs and religious articles
filed annual accounts (NBB)
Net result for the year
-€4,657
2024 · -€10,243+€5,586
Equity
€64,599
2024 · €69,256-€4,657
Cash
€19,499
2024 · €31,219-€11,720
Balance sheet total
€487,612
2024 · €448,088+€39,524
Largest movements
Assets
- Stocks and contracts +€46,107
up €46,107 (+16.5%), from €279,265 to €325,372
- Cash -€11,720
down €11,720 (-37.5%), from €31,219 to €19,499
mainly Stocks and contracts (-€46,107) and Receivables within one year (-€8,036)
- Receivables within one year +€8,036
up €8,036 (+8.0%), from €99,931 to €107,967
of which Trade receivables: +€7,261
Equity and liabilities
- Trade debts +€48,890
up €48,890 (+13.1%), from €372,061 to €420,951
Income statement
- Purchases and services -€14,784
down €14,784 (-1.8%), from €823,658 to €808,874
- Gross operating margin +€14,617
up €14,617 (+165%), from €8,847 to €23,464
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,243
Gross operating margin
+€14,617
Other operating charges
+€1,234
Other operating items
-€14,544
Financial income
-€391
Financial charges
+€87
Taxes
+€4,583
Result 2025
-€4,657
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€11,720
Investment
€0
Financing
€0
Cash 2024
€31,219
From operations (derived)
-€11,720
Net result for the year
-€4,657
Depreciation
+€2,501
Stocks and contracts
-€46,107
Receivables within one year
-€8,036
Deferred charges and accrued income
+€398
Trade debts
+€48,890
Tax, wage and social debts
-€4,709
Cash 2025
€19,499
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €448,088 | €487,612 | +€39,524 | +8.8% |
| Fixed assets | 21/28 | €36,193 | €33,692 | -€2,501 | -6.9% |
| Tangible fixed assets | 22/27 | €3,716 | €1,215 | -€2,501 | -67.3% |
| Other tangible fixed assets | 26 | €3,716 | €1,215 | -€2,501 | -67.3% |
| Financial fixed assets | 28 | €32,477 | €32,477 | = | 0.0% |
| Current assets | 29/58 | €411,895 | €453,920 | +€42,025 | +10.2% |
| Stocks and contracts in progress | 3 | €279,265 | €325,372 | +€46,107 | +16.5% |
| Stocks | 30/36 | €279,265 | €325,372 | +€46,107 | +16.5% |
| Amounts receivable within one year | 40/41 | €99,931 | €107,967 | +€8,036 | +8.0% |
| Trade receivables | 40 | €40,864 | €48,125 | +€7,261 | +17.8% |
| Other amounts receivable | 41 | €59,067 | €59,842 | +€775 | +1.3% |
| Cash at bank and in hand | 54/58 | €31,219 | €19,499 | -€11,720 | -37.5% |
| Deferred charges and accrued income | 490/1 | €1,480 | €1,082 | -€398 | -26.9% |
| Total equity and liabilities | 10/49 | €448,088 | €487,612 | +€39,524 | +8.8% |
| Equity | 10/15 | €69,256 | €64,599 | -€4,657 | -6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,534 | €62,534 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €60,674 | €62,534 | +€1,860 | +3.1% |
| Profit (loss) carried forward | 14 | €522 | -€4,135 | -€4,657 | |
| Amounts payable | 17/49 | €378,832 | €423,013 | +€44,181 | +11.7% |
| Amounts payable within one year | 42/48 | €378,832 | €423,013 | +€44,181 | +11.7% |
| Trade debts | 44 | €372,061 | €420,951 | +€48,890 | +13.1% |
| Suppliers | 440/4 | €372,061 | €420,951 | +€48,890 | +13.1% |
| Taxes, remuneration and social security | 45 | €5,443 | €734 | -€4,709 | -86.5% |
| Taxes | 450/3 | €5,443 | €734 | -€4,709 | -86.5% |
| Other amounts payable | 47/48 | €1,328 | €1,328 | = | 0.0% |
| Turnover | 70 | €832,505 | €832,338 | -€167 | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €823,658 | €808,874 | -€14,784 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,501 | €2,501 | = | 0.0% |
| Other operating charges | 640/8 | €10,084 | €8,850 | -€1,234 | -12.2% |
| Non-recurring operating charges | 66A | - | €14,544 | +€14,544 | |
| Gross operating margin | 9900 | €8,847 | €23,464 | +€14,617 | +165% |
| Operating profit (loss) | 9901 | -€3,738 | -€2,431 | +€1,307 | +35.0% |
| Financial income | 75/76B | €3,067 | €2,676 | -€391 | -12.7% |
| Recurring financial income | 75 | €3,067 | €2,676 | -€391 | -12.7% |
| Financial charges | 65/66B | €4,163 | €4,076 | -€87 | -2.1% |
| Recurring financial charges | 65 | €4,163 | €4,076 | -€87 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,834 | -€3,831 | +€1,003 | +20.7% |
| Income taxes | 67/77 | €5,409 | €826 | -€4,583 | -84.7% |
| Profit (loss) for the period | 9904 | -€10,243 | -€4,657 | +€5,586 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,243 | -€4,657 | +€5,586 | +54.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.