EUROPLAN DEVELOPMENT: what changed
Two fiscal 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 DEVELOPMENT
Largest movements
- Cash -€348,975
down €348,975 (-44.2%), from €788,766 to €439,791
mainly Investment in fixed assets (net) (-€292,284) and Net result for the year (-€133,159)
- Tangible fixed assets +€243,517
up €243,517 (+58.0%), from €419,699 to €663,216
of which Assets under construction and advance payments: +€315,873
- Receivables within one year -€36,453
down €36,453 (-81.4%), from €44,806 to €8,353
of which Trade receivables: -€24,163
- Profit (loss) carried forward -€133,159
down €133,159 (-35.7%), from €373,081 to €239,923
- Gross operating margin -€76,370
down €76,370 (-2859.0%), from -€2,671 to -€79,042
- Depreciation -€32,715
down €32,715 (-40.2%), from €81,482 to €48,767
- Other operating charges -€7,359
down €7,359 (-55.0%), from €13,392 to €6,033
- Financial income +€3,453
up €3,453 (+48.2%), from €7,158 to €10,611
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.
Cash bridge derived
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 | €1,255,066 | €1,114,114 | -€140,952 | -11.2% |
| Fixed assets | 21/28 | €419,699 | €663,216 | +€243,517 | +58.0% |
| Tangible fixed assets | 22/27 | €419,699 | €663,216 | +€243,517 | +58.0% |
| Land and buildings | 22 | €318,069 | €319,857 | +€1,787 | +0.6% |
| Furniture and vehicles | 24 | €101,629 | €27,486 | -€74,143 | -73.0% |
| Assets under construction and advance payments | 27 | - | €315,873 | +€315,873 | |
| Current assets | 29/58 | €835,367 | €450,898 | -€384,469 | -46.0% |
| Amounts receivable within one year | 40/41 | €44,806 | €8,353 | -€36,453 | -81.4% |
| Trade receivables | 40 | €26,331 | €2,168 | -€24,163 | -91.8% |
| Other amounts receivable | 41 | €18,475 | €6,185 | -€12,290 | -66.5% |
| Cash at bank and in hand | 54/58 | €788,766 | €439,791 | -€348,975 | -44.2% |
| Deferred charges and accrued income | 490/1 | €1,796 | €2,755 | +€959 | +53.4% |
| Total equity and liabilities | 10/49 | €1,255,066 | €1,114,114 | -€140,952 | -11.2% |
| Equity | 10/15 | €1,246,099 | €1,112,940 | -€133,159 | -10.7% |
| Contributions | 10/11 | €15,600 | €15,600 | = | 0.0% |
| Reserves | 13 | €857,418 | €857,418 | = | 0.0% |
| Non-distributable reserves | 130/1 | €79,558 | €79,558 | = | 0.0% |
| Reserves not available under the articles | 1311 | €79,558 | €79,558 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,515 | €41,515 | = | 0.0% |
| Distributable reserves | 133 | €736,345 | €736,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €373,081 | €239,923 | -€133,159 | -35.7% |
| Amounts payable | 17/49 | €8,966 | €1,173 | -€7,793 | -86.9% |
| Amounts payable within one year | 42/48 | €8,966 | €1,173 | -€7,793 | -86.9% |
| Trade debts | 44 | €4,123 | €1,125 | -€2,997 | -72.7% |
| Suppliers | 440/4 | €4,123 | €1,125 | -€2,997 | -72.7% |
| Taxes, remuneration and social security | 45 | €4,844 | €48 | -€4,796 | -99.0% |
| Taxes | 450/3 | €4,844 | €48 | -€4,796 | -99.0% |
| Remuneration, social security and pensions | 62 | €1,047 | €702 | -€345 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,482 | €48,767 | -€32,715 | -40.2% |
| Other operating charges | 640/8 | €13,392 | €6,033 | -€7,359 | -55.0% |
| Non-recurring operating charges | 66A | - | €8,572 | +€8,572 | |
| Gross operating margin | 9900 | -€2,671 | -€79,042 | -€76,370 | -2859.0% |
| Operating profit (loss) | 9901 | -€98,593 | -€143,116 | -€44,523 | -45.2% |
| Financial income | 75/76B | €7,158 | €10,611 | +€3,453 | +48.2% |
| Recurring financial income | 75 | €7,158 | €10,611 | +€3,453 | +48.2% |
| Financial charges | 65/66B | €146 | -€49 | -€195 | |
| Recurring financial charges | 65 | €146 | -€49 | -€195 | |
| Profit (loss) for the period before taxes | 9903 | -€91,581 | -€132,456 | -€40,875 | -44.6% |
| Income taxes | 67/77 | - | €703 | +€703 | |
| Profit (loss) for the period | 9904 | -€91,581 | -€133,159 | -€41,578 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,581 | -€133,159 | -€41,578 | -45.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.