EUROPE - NET: 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 - NET
Largest movements
- Receivables within one year -€449,747
down €449,747 (-33.5%), from €1.3m to €891,317
of which Trade receivables: -€424,585
- Cash -€97,660
down €97,660 (-72.1%), from €135,383 to €37,723
mainly Trade debts (-€327,322) and Net result for the year (-€220,624)
- Trade debts -€327,322
down €327,322 (-33.2%), from €986,803 to €659,481
- Profit (loss) carried forward -€220,624
down €220,624 (-81.2%), from -€271,594 to -€492,217
- Turnover -€486,431
down €486,431 (-21.4%), from €2.3m to €1.8m
- Services and other goods -€320,294
down €320,294 (-14.8%), from €2.2m to €1.8m
- Write-downs +€52,980
up €52,980 (+56.0%), from €94,666 to €147,646
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 | €1,497,812 | €939,120 | -€558,692 | -37.3% |
| Fixed assets | 21/28 | €20,160 | €10,080 | -€10,080 | -50.0% |
| Intangible fixed assets | 21 | €20,160 | €10,080 | -€10,080 | -50.0% |
| Current assets | 29/58 | €1,477,652 | €929,040 | -€548,612 | -37.1% |
| Amounts receivable within one year | 40/41 | €1,341,064 | €891,317 | -€449,747 | -33.5% |
| Trade receivables | 40 | €1,098,048 | €673,462 | -€424,585 | -38.7% |
| Other amounts receivable | 41 | €243,016 | €217,855 | -€25,162 | -10.4% |
| Cash at bank and in hand | 54/58 | €135,383 | €37,723 | -€97,660 | -72.1% |
| Deferred charges and accrued income | 490/1 | €1,205 | - | -€1,205 | |
| Total equity and liabilities | 10/49 | €1,497,812 | €939,120 | -€558,692 | -37.3% |
| Equity | 10/15 | €498,189 | €277,566 | -€220,624 | -44.3% |
| Contributions | 10/11 | €769,783 | €769,783 | = | 0.0% |
| Capital | 10 | €507,725 | €507,725 | = | 0.0% |
| Issued capital | 100 | €507,725 | €507,725 | = | 0.0% |
| Contributions outside capital | 11 | €262,058 | €262,058 | = | 0.0% |
| Share premium | 1100/10 | €262,058 | €262,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€271,594 | -€492,217 | -€220,624 | -81.2% |
| Amounts payable | 17/49 | €999,623 | €661,554 | -€338,068 | -33.8% |
| Amounts payable within one year | 42/48 | €999,623 | €661,554 | -€338,068 | -33.8% |
| Trade debts | 44 | €986,803 | €659,481 | -€327,322 | -33.2% |
| Suppliers | 440/4 | €986,803 | €659,481 | -€327,322 | -33.2% |
| Taxes, remuneration and social security | 45 | €12,820 | €2,073 | -€10,746 | -83.8% |
| Taxes | 450/3 | €12,820 | €2,073 | -€10,746 | -83.8% |
| Operating income | 70/76A | €2,274,073 | €1,782,126 | -€491,947 | -21.6% |
| Turnover | 70 | €2,268,557 | €1,782,126 | -€486,431 | -21.4% |
| Other operating income | 74 | €5,516 | - | -€5,516 | |
| Operating charges | 60/66A | €2,263,622 | €2,000,274 | -€263,348 | -11.6% |
| Services and other goods | 61 | €2,158,585 | €1,838,291 | -€320,294 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,080 | €10,080 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €94,666 | €147,646 | +€52,980 | +56.0% |
| Other operating charges | 640/8 | €291 | €4,257 | +€3,966 | +1,361% |
| Operating profit (loss) | 9901 | €10,451 | -€218,148 | -€228,599 | |
| Financial charges | 65/66B | €2,843 | €2,476 | -€367 | -12.9% |
| Recurring financial charges | 65 | €2,843 | €2,476 | -€367 | -12.9% |
| Other financial charges | 652/9 | €2,843 | €2,476 | -€367 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €7,609 | -€220,624 | -€228,232 | |
| Income taxes | 67/77 | €2,073 | - | -€2,073 | |
| Taxes | 670/3 | €2,073 | - | -€2,073 | |
| Profit (loss) for the period | 9904 | €5,535 | -€220,624 | -€226,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,535 | -€220,624 | -€226,159 |
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 30 October 2026 via checked.be.