EUROPEEN: 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.
EUROPEEN
Largest movements
- Tangible fixed assets -€11,803
down €11,803 (-27.8%), from €42,433 to €30,630
- Debts after one year -€12,787
down €12,787 (-81.2%), from €15,751 to €2,964
- Profit (loss) carried forward +€6,443
up €6,443 (+17.3%), from €37,165 to €43,608
- Current portion of long-term debt -€3,524
down €3,524 (-21.6%), from €16,312 to €12,788
- Other debts +€2,740
up €2,740 (+128%), from €2,134 to €4,874
- Short-term financial debts -€1,739
no longer reported in 2025 (was €1,739)
- Gross operating margin -€18,899
down €18,899 (-17.9%), from €105,323 to €86,424
- Staff costs -€9,602
down €9,602 (-13.3%), from €72,158 to €62,556
- Purchases and services +€8,237
up €8,237 (+20.5%), from €40,258 to €48,495
- Turnover -€6,165
down €6,165 (-4.4%), from €140,044 to €133,879
- Other operating charges -€3,669
down €3,669 (-90.2%), from €4,069 to €400
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 | €89,097 | €77,840 | -€11,257 | -12.6% |
| Fixed assets | 21/28 | €42,755 | €30,952 | -€11,803 | -27.6% |
| Tangible fixed assets | 22/27 | €42,433 | €30,630 | -€11,803 | -27.8% |
| Furniture and vehicles | 24 | €42,433 | €30,630 | -€11,803 | -27.8% |
| Financial fixed assets | 28 | €322 | €322 | = | 0.0% |
| Current assets | 29/58 | €46,342 | €46,888 | +€546 | +1.2% |
| Cash at bank and in hand | 54/58 | €46,342 | €46,888 | +€546 | +1.2% |
| Total equity and liabilities | 10/49 | €89,097 | €77,840 | -€11,257 | -12.6% |
| Equity | 10/15 | €45,221 | €51,662 | +€6,441 | +14.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,857 | -€2 | -0.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,857 | -€2 | -0.1% |
| Reserves not available under the articles | 1311 | €1,859 | €1,857 | -€2 | -0.1% |
| Profit (loss) carried forward | 14 | €37,165 | €43,608 | +€6,443 | +17.3% |
| Amounts payable | 17/49 | €43,876 | €26,178 | -€17,698 | -40.3% |
| Amounts payable after more than one year | 17 | €15,751 | €2,964 | -€12,787 | -81.2% |
| Financial debts | 170/4 | €15,751 | €2,964 | -€12,787 | -81.2% |
| Amounts payable within one year | 42/48 | €27,358 | €23,214 | -€4,144 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €16,312 | €12,788 | -€3,524 | -21.6% |
| Financial debts | 43 | €1,739 | - | -€1,739 | |
| Credit institutions | 430/8 | €1,739 | - | -€1,739 | |
| Trade debts | 44 | €598 | €325 | -€273 | -45.7% |
| Suppliers | 440/4 | €598 | €325 | -€273 | -45.7% |
| Taxes, remuneration and social security | 45 | €6,575 | €5,227 | -€1,348 | -20.5% |
| Taxes | 450/3 | €3,476 | €1,442 | -€2,034 | -58.5% |
| Remuneration and social security | 454/9 | €3,099 | €3,785 | +€686 | +22.1% |
| Other amounts payable | 47/48 | €2,134 | €4,874 | +€2,740 | +128% |
| Accrued charges and deferred income | 492/3 | €767 | - | -€767 | |
| Turnover | 70 | €140,044 | €133,879 | -€6,165 | -4.4% |
| Non-recurring operating income | 76A | €145,582 | - | -€145,582 | |
| Goods, raw materials, services and sundry goods | 60/61 | €40,258 | €48,495 | +€8,237 | +20.5% |
| Remuneration, social security and pensions | 62 | €72,158 | €62,556 | -€9,602 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,803 | €11,803 | = | 0.0% |
| Other operating charges | 640/8 | €4,069 | €400 | -€3,669 | -90.2% |
| Gross operating margin | 9900 | €105,323 | €86,424 | -€18,899 | -17.9% |
| Operating profit (loss) | 9901 | €17,293 | €11,665 | -€5,628 | -32.5% |
| Financial charges | 65/66B | €2,703 | €2,035 | -€668 | -24.7% |
| Recurring financial charges | 65 | €2,703 | €2,035 | -€668 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €14,590 | €9,630 | -€4,960 | -34.0% |
| Income taxes | 67/77 | €2,060 | €3,187 | +€1,127 | +54.7% |
| Profit (loss) for the period | 9904 | €12,530 | €6,443 | -€6,087 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,530 | €6,443 | -€6,087 | -48.6% |
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 21 October 2026 via checked.be.