EUROPLAN: 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.
EUROPLAN
Largest movements
- Stocks and contracts -€147,235
down €147,235 (-41.1%), from €358,482 to €211,246
- Tangible fixed assets +€25,159
up €25,159 (+90.2%), from €27,885 to €53,044
of which Plant, machinery and equipment: +€30,522
- Receivables within one year +€17,431
up €17,431 (+16.8%), from €103,962 to €121,393
of which Trade receivables: +€24,441
- Cash +€6,968
up €6,968 (+6.4%), from €109,176 to €116,144
mainly Stocks and contracts (+€147,235) and Net result for the year (+€58,556)
- Other debts -€181,771
down €181,771 (-95.7%), from €190,000 to €8,229
- Profit (loss) carried forward +€58,556
new in 2025: €58,556
- Trade debts +€17,799
up €17,799 (+21.7%), from €82,206 to €100,005
- Accrued charges and deferred income +€14,188
new in 2025: €14,188
- Tax, wage and social debts -€8,442
down €8,442 (-21.7%), from €38,825 to €30,383
of which Taxes: -€15,390
- Gross operating margin +€212,282
up €212,282 (+99.7%), from €212,948 to €425,230
- Staff costs +€57,316
up €57,316 (+35.5%), from €161,361 to €218,677
- Other operating charges -€27,125
down €27,125 (-18.6%), from €145,756 to €118,631
- Financial income -€7,966
down €7,966 (-99.4%), from €8,010 to €44
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 | €602,737 | €503,101 | -€99,636 | -16.5% |
| Fixed assets | 21/28 | €27,885 | €53,044 | +€25,159 | +90.2% |
| Tangible fixed assets | 22/27 | €27,885 | €53,044 | +€25,159 | +90.2% |
| Plant, machinery and equipment | 23 | €1,912 | €32,434 | +€30,522 | +1,596% |
| Furniture and vehicles | 24 | €25,973 | €20,610 | -€5,362 | -20.6% |
| Current assets | 29/58 | €574,852 | €450,057 | -€124,795 | -21.7% |
| Stocks and contracts in progress | 3 | €358,482 | €211,246 | -€147,235 | -41.1% |
| Stocks | 30/36 | €358,482 | €211,246 | -€147,235 | -41.1% |
| Amounts receivable within one year | 40/41 | €103,962 | €121,393 | +€17,431 | +16.8% |
| Trade receivables | 40 | €96,952 | €121,393 | +€24,441 | +25.2% |
| Other amounts receivable | 41 | €7,010 | - | -€7,010 | |
| Cash at bank and in hand | 54/58 | €109,176 | €116,144 | +€6,968 | +6.4% |
| Deferred charges and accrued income | 490/1 | €3,232 | €1,274 | -€1,958 | -60.6% |
| Total equity and liabilities | 10/49 | €602,737 | €503,101 | -€99,636 | -16.5% |
| Equity | 10/15 | €291,706 | €350,262 | +€58,556 | +20.1% |
| Contributions | 10/11 | €9,400 | €9,400 | = | 0.0% |
| Reserves | 13 | €282,306 | €282,306 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47,942 | - | -€47,942 | |
| Reserves not available under the articles | 1311 | €47,942 | - | -€47,942 | |
| Tax-exempt reserves | 132 | €25,017 | €21,151 | -€3,866 | -15.5% |
| Distributable reserves | 133 | €209,347 | €261,155 | +€51,808 | +24.7% |
| Profit (loss) carried forward | 14 | - | €58,556 | +€58,556 | |
| Amounts payable | 17/49 | €311,031 | €152,839 | -€158,192 | -50.9% |
| Amounts payable within one year | 42/48 | €311,031 | €138,651 | -€172,380 | -55.4% |
| Trade debts | 44 | €82,206 | €100,005 | +€17,799 | +21.7% |
| Suppliers | 440/4 | €82,206 | €100,005 | +€17,799 | +21.7% |
| Advances received on contracts in progress | 46 | - | €34 | +€34 | |
| Taxes, remuneration and social security | 45 | €38,825 | €30,383 | -€8,442 | -21.7% |
| Taxes | 450/3 | €21,187 | €5,798 | -€15,390 | -72.6% |
| Remuneration and social security | 454/9 | €17,638 | €24,585 | +€6,947 | +39.4% |
| Other amounts payable | 47/48 | €190,000 | €8,229 | -€181,771 | -95.7% |
| Accrued charges and deferred income | 492/3 | - | €14,188 | +€14,188 | |
| Non-recurring operating income | 76A | - | €3,905 | +€3,905 | |
| Remuneration, social security and pensions | 62 | €161,361 | €218,677 | +€57,316 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,652 | €11,266 | -€1,386 | -11.0% |
| Other operating charges | 640/8 | €145,756 | €118,631 | -€27,125 | -18.6% |
| Non-recurring operating charges | 66A | €18,884 | €16,593 | -€2,290 | -12.1% |
| Gross operating margin | 9900 | €212,948 | €425,230 | +€212,282 | +99.7% |
| Operating profit (loss) | 9901 | -€125,705 | €60,063 | +€185,768 | |
| Financial income | 75/76B | €8,010 | €44 | -€7,966 | -99.4% |
| Recurring financial income | 75 | €8,010 | €44 | -€7,966 | -99.4% |
| Financial charges | 65/66B | €441 | €1,142 | +€701 | +159% |
| Recurring financial charges | 65 | €441 | €1,142 | +€701 | +159% |
| Profit (loss) for the period before taxes | 9903 | -€118,136 | €58,966 | +€177,102 | |
| Income taxes | 67/77 | €402 | €410 | +€8 | +2.0% |
| Profit (loss) for the period | 9904 | -€118,538 | €58,556 | +€177,094 | |
| Profit (loss) for the period to be appropriated | 9905 | -€118,538 | €58,556 | +€177,094 |
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 13 October 2026 via checked.be.