EUROPECHE: 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.
EUROPECHE
Largest movements
- Cash +€225,153
up €225,153 (+57.9%), from €388,913 to €614,065
mainly Net result for the year (+€190,062) and Deferred charges and accrued income (+€37,875)
- Deferred charges and accrued income -€37,875
down €37,875 (-71.7%), from €52,806 to €14,931
- Profit (loss) carried forward +€190,062
up €190,062 (+56.6%), from €335,871 to €525,934
- Gross operating margin -€123,064
down €123,064 (-30.4%), from €405,104 to €282,040
- Staff costs +€22,496
up €22,496 (+32.7%), from €68,885 to €91,381
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 | €441,718 | €629,833 | +€188,114 | +42.6% |
| Fixed assets | 21/28 | - | €837 | +€837 | |
| Tangible fixed assets | 22/27 | - | €837 | +€837 | |
| Furniture and vehicles | 24 | - | €837 | +€837 | |
| Current assets | 29/58 | €441,718 | €628,996 | +€187,278 | +42.4% |
| Cash at bank and in hand | 54/58 | €388,913 | €614,065 | +€225,153 | +57.9% |
| Deferred charges and accrued income | 490/1 | €52,806 | €14,931 | -€37,875 | -71.7% |
| Total equity and liabilities | 10/49 | €441,718 | €629,833 | +€188,114 | +42.6% |
| Equity | 10/15 | €335,871 | €525,934 | +€190,062 | +56.6% |
| Profit (loss) carried forward | 14 | €335,871 | €525,934 | +€190,062 | +56.6% |
| Amounts payable | 17/49 | €105,847 | €103,899 | -€1,948 | -1.8% |
| Amounts payable within one year | 42/48 | €105,847 | €103,899 | -€1,948 | -1.8% |
| Trade debts | 44 | €18,600 | €26,073 | +€7,473 | +40.2% |
| Suppliers | 440/4 | €18,600 | €26,073 | +€7,473 | +40.2% |
| Taxes, remuneration and social security | 45 | €13,632 | €2,071 | -€11,561 | -84.8% |
| Taxes | 450/3 | €3,112 | €847 | -€2,265 | -72.8% |
| Remuneration and social security | 454/9 | €10,520 | €1,225 | -€9,296 | -88.4% |
| Non-recurring operating income | 76A | €448,265 | - | -€448,265 | |
| Remuneration, social security and pensions | 62 | €68,885 | €91,381 | +€22,496 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €405,104 | €282,040 | -€123,064 | -30.4% |
| Operating profit (loss) | 9901 | €336,219 | €190,515 | -€145,704 | -43.3% |
| Financial income | 75/76B | €159 | €244 | +€85 | +53.7% |
| Recurring financial income | 75 | €159 | €244 | +€85 | +53.7% |
| Financial charges | 65/66B | €507 | €697 | +€190 | +37.6% |
| Recurring financial charges | 65 | €507 | €697 | +€190 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €335,871 | €190,062 | -€145,809 | -43.4% |
| Profit (loss) for the period | 9904 | €335,871 | €190,062 | -€145,809 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €335,871 | €190,062 | -€145,809 | -43.4% |
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 19 October 2026 via checked.be.