EUROPRO: 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.
EUROPRO
Largest movements
- Stocks and contracts -€754,089
down €754,089 (-65.4%), from €1.2m to €399,594
- Receivables within one year -€175,708
down €175,708 (-34.7%), from €505,906 to €330,199
of which Trade receivables: -€176,320
- Cash +€88,509
up €88,509 (+52.4%), from €168,965 to €257,474
mainly Stocks and contracts (+€754,089) and Receivables within one year (+€175,708)
- Trade debts -€798,827
down €798,827 (-93.6%), from €853,650 to €54,823
- Profit (loss) carried forward -€67,975
down €67,975 (-7.5%), from €901,728 to €833,753
- Accrued charges and deferred income +€30,766
up €30,766 (+161%), from €19,072 to €49,838
- Gross operating margin -€103,198
down €103,198 (-70.4%), from €146,661 to €43,463
- Taxes -€13,168
down €13,168 (-96.9%), from €13,594 to €426
- Staff costs +€6,172
up €6,172 (+7.4%), from €83,021 to €89,193
- Financial charges -€2,748
down €2,748 (-26.1%), from €10,545 to €7,797
of which Financial charges: -€2,748
- Depreciation +€2,500
up €2,500 (+30.0%), from €8,336 to €10,836
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 | €1,879,025 | €1,028,897 | -€850,128 | -45.2% |
| Fixed assets | 21/28 | €50,115 | €39,837 | -€10,277 | -20.5% |
| Tangible fixed assets | 22/27 | €46,544 | €36,267 | -€10,277 | -22.1% |
| Plant, machinery and equipment | 23 | €2,582 | €1,494 | -€1,087 | -42.1% |
| Furniture and vehicles | 24 | €29,519 | €22,652 | -€6,867 | -23.3% |
| Other tangible fixed assets | 26 | €14,444 | €12,121 | -€2,323 | -16.1% |
| Financial fixed assets | 28 | €3,570 | €3,570 | = | 0.0% |
| Current assets | 29/58 | €1,828,910 | €989,060 | -€839,850 | -45.9% |
| Stocks and contracts in progress | 3 | €1,153,683 | €399,594 | -€754,089 | -65.4% |
| Stocks | 30/36 | €1,153,683 | €399,594 | -€754,089 | -65.4% |
| Amounts receivable within one year | 40/41 | €505,906 | €330,199 | -€175,708 | -34.7% |
| Trade receivables | 40 | €501,307 | €324,987 | -€176,320 | -35.2% |
| Other amounts receivable | 41 | €4,599 | €5,212 | +€612 | +13.3% |
| Cash at bank and in hand | 54/58 | €168,965 | €257,474 | +€88,509 | +52.4% |
| Deferred charges and accrued income | 490/1 | €355 | €1,793 | +€1,438 | +405% |
| Total equity and liabilities | 10/49 | €1,879,025 | €1,028,897 | -€850,128 | -45.2% |
| Equity | 10/15 | €969,928 | €901,953 | -€67,975 | -7.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €901,728 | €833,753 | -€67,975 | -7.5% |
| Amounts payable | 17/49 | €909,097 | €126,944 | -€782,152 | -86.0% |
| Amounts payable after more than one year | 17 | €12,091 | €7,061 | -€5,031 | -41.6% |
| Financial debts | 170/4 | €12,091 | €7,061 | -€5,031 | -41.6% |
| Amounts payable within one year | 42/48 | €877,933 | €70,046 | -€807,887 | -92.0% |
| Current portion of amounts payable after more than one year | 42 | €4,814 | €5,031 | +€216 | +4.5% |
| Trade debts | 44 | €853,650 | €54,823 | -€798,827 | -93.6% |
| Suppliers | 440/4 | €853,650 | €54,823 | -€798,827 | -93.6% |
| Taxes, remuneration and social security | 45 | €19,469 | €10,192 | -€9,277 | -47.6% |
| Taxes | 450/3 | €8,594 | €426 | -€8,168 | -95.0% |
| Remuneration and social security | 454/9 | €10,875 | €9,766 | -€1,109 | -10.2% |
| Accrued charges and deferred income | 492/3 | €19,072 | €49,838 | +€30,766 | +161% |
| Remuneration, social security and pensions | 62 | €83,021 | €89,193 | +€6,172 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,336 | €10,836 | +€2,500 | +30.0% |
| Other operating charges | 640/8 | €2,482 | €3,258 | +€776 | +31.3% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €146,661 | €43,463 | -€103,198 | -70.4% |
| Operating profit (loss) | 9901 | €52,822 | -€59,823 | -€112,646 | |
| Financial income | 75/76B | €1,487 | €71 | -€1,416 | -95.2% |
| Recurring financial income | 75 | €1,487 | €71 | -€1,416 | -95.2% |
| Financial charges | 65/66B | €10,545 | €7,797 | -€2,748 | -26.1% |
| Recurring financial charges | 65 | €10,545 | €7,797 | -€2,748 | -26.1% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €43,764 | -€67,549 | -€111,313 | |
| Income taxes | 67/77 | €13,594 | €426 | -€13,168 | -96.9% |
| Profit (loss) for the period | 9904 | €30,170 | -€67,975 | -€98,146 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,170 | -€67,975 | -€98,146 |
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 14 October 2026 via checked.be.