EUROPROJECT: 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.
EUROPROJECT
Largest movements
- Receivables within one year -€5.0m
down €5.0m (-83.8%), from €6.0m to €971,179
of which Other amounts receivable: -€5.2m
- Cash +€2.9m
up €2.9m (+848.9%), from €346,159 to €3.3m
mainly Receivables within one year (+€5.0m) and Current investments (+€1.7m)
- Current investments -€1.7m
down €1.7m (-100.0%), from €1.7m to €129
- Deferred charges and accrued income -€974,328
down €974,328 (-47.7%), from €2.0m to €1.1m
- Stocks and contracts -€354,059
down €354,059 (-33.6%), from €1.1m to €699,206
- Other debts -€5.3m
no longer reported in 2025 (was €5.3m)
- Profit (loss) carried forward +€118,560
up €118,560 (+2.5%), from €4.8m to €4.9m
- Financial income -€204,704
down €204,704 (-73.4%), from €278,792 to €74,088
- Gross operating margin +€99,534
up €99,534, from -€47,937 to €51,597
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 | €11,142,872 | €6,024,592 | -€5.1m | -45.9% |
| Current assets | 29/58 | €11,142,872 | €6,024,592 | -€5.1m | -45.9% |
| Stocks and contracts in progress | 3 | €1,053,265 | €699,206 | -€354,059 | -33.6% |
| Stocks | 30/36 | €1,053,265 | €699,206 | -€354,059 | -33.6% |
| Amounts receivable within one year | 40/41 | €5,999,650 | €971,179 | -€5.0m | -83.8% |
| Trade receivables | 40 | €121 | €132,079 | +€131,958 | +109056.2% |
| Other amounts receivable | 41 | €5,999,529 | €839,100 | -€5.2m | -86.0% |
| Current investments | 50/53 | €1,700,216 | €129 | -€1.7m | -100.0% |
| Cash at bank and in hand | 54/58 | €346,159 | €3,284,826 | +€2.9m | +848.9% |
| Deferred charges and accrued income | 490/1 | €2,043,580 | €1,069,252 | -€974,328 | -47.7% |
| Total equity and liabilities | 10/49 | €11,142,872 | €6,024,592 | -€5.1m | -45.9% |
| Equity | 10/15 | €5,758,970 | €5,877,530 | +€118,560 | +2.1% |
| Contributions | 10/11 | €878,313 | €878,313 | +€0 | 0.0% |
| Capital | 10 | €878,313 | €878,313 | +€0 | 0.0% |
| Issued capital | 100 | €878,313 | €878,313 | +€0 | 0.0% |
| Reserves | 13 | €87,831 | €87,831 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €87,831 | €87,831 | -€0 | 0.0% |
| Legal reserve | 130 | €87,831 | €87,831 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €4,792,826 | €4,911,386 | +€118,560 | +2.5% |
| Amounts payable | 17/49 | €5,383,902 | €147,062 | -€5.2m | -97.3% |
| Amounts payable within one year | 42/48 | €5,269,510 | €37,039 | -€5.2m | -99.3% |
| Trade debts | 44 | €19,510 | €37,039 | +€17,529 | +89.8% |
| Suppliers | 440/4 | €19,510 | €37,039 | +€17,529 | +89.8% |
| Other amounts payable | 47/48 | €5,250,000 | - | -€5.3m | |
| Accrued charges and deferred income | 492/3 | €114,392 | €110,023 | -€4,369 | -3.8% |
| Other operating charges | 640/8 | €960 | €1,068 | +€108 | +11.2% |
| Gross operating margin | 9900 | -€47,937 | €51,597 | +€99,534 | |
| Operating profit (loss) | 9901 | -€48,897 | €50,529 | +€99,426 | |
| Financial income | 75/76B | €278,792 | €74,088 | -€204,704 | -73.4% |
| Recurring financial income | 75 | €278,792 | €74,088 | -€204,704 | -73.4% |
| Financial charges | 65/66B | €6,210 | €6,057 | -€153 | -2.5% |
| Recurring financial charges | 65 | €6,210 | €6,057 | -€153 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €223,685 | €118,560 | -€105,125 | -47.0% |
| Profit (loss) for the period | 9904 | €223,685 | €118,560 | -€105,125 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €223,685 | €118,560 | -€105,125 | -47.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.