EUROQUARTZ: 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.
What changed
EUROQUARTZ
NACE 46.120, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,912
2024 · €245,106-€235,194
Equity
€6.0m
2024 · €6.2m-€217,908
Cash
€355,914
2024 · €714,762-€358,848
Balance sheet total
€11.6m
2024 · €11.8m-€174,071
Largest movements
Assets
- Financial fixed assets +€1.1m
up €1.1m (+87.2%), from €1.2m to €2.3m
of which Affiliated companies: +€1.1m
- Receivables within one year -€600,139
down €600,139 (-29.4%), from €2.0m to €1.4m
of which Other amounts receivable: -€765,515
- Current investments -€399,726
down €399,726 (-99.4%), from €402,093 to €2,367
- Cash -€358,848
down €358,848 (-50.2%), from €714,762 to €355,914
mainly Investment in fixed assets (net) (-€2.0m) and Contributions, distributions and other (-€227,820)
- Intangible fixed assets +€337,276
up €337,276 (+111%), from €305,029 to €642,304
Equity and liabilities
- Investment grants -€227,820
down €227,820 (-34.4%), from €661,699 to €433,879
- Debts after one year -€171,556
down €171,556 (-5.4%), from €3.2m to €3.0m
of which Other amounts payable: -€119,447
- Tax, wage and social debts +€168,426
up €168,426 (+78.5%), from €214,517 to €382,944
of which Remuneration and social security: +€111,250
Income statement
- Turnover -€642,402
down €642,402 (-5.1%), from €12.7m to €12.0m
- Other operating income +€382,576
up €382,576 (+850%), from €45,027 to €427,602
- Staff costs +€326,675
up €326,675 (+13.9%), from €2.3m to €2.7m
- Goods and materials -€320,895
down €320,895 (-7.1%), from €4.5m to €4.2m
of which Purchases: -€180,507
- Other operating charges +€234,088
up €234,088 (+240%), from €97,657 to €331,745
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.
Result 2024
€245,106
Turnover
-€642,402
Other operating income
+€382,576
Goods and materials
+€320,895
Services and other goods
+€232,714
Staff costs
-€326,675
Depreciation
+€37,031
Write-downs
+€38,569
Provisions
-€5,000
Other operating charges
-€234,088
Other operating items
-€12,034
Financial income
-€47,665
Financial charges
-€22,118
Taxes
+€43,003
Result 2025
€9,912
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.7m
Investment
-€1.6m
Financing
-€394,859
Cash 2024
€714,762
From operations (derived)
+€1.7m
Net result for the year
+€9,912
Depreciation
+€884,891
Stocks and contracts
+€14,395
Receivables within one year
+€600,139
Deferred charges and accrued income
-€34,364
Provisions
-€45,000
Trade debts
+€73,429
Tax, wage and social debts
+€168,426
Other debts
-€1,000
Accrued charges and deferred income
+€15,022
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€2.0m
Current investments
+€399,726
Financing
-€394,859
Debts after one year
-€171,556
Current portion of long-term debt
+€4,517
Contributions, distributions and other
-€227,820
Cash 2025
€355,914
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,758,534 | €11,584,463 | -€174,071 | -1.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €6,965,189 | €8,129,861 | +€1.2m | +16.7% |
| Intangible fixed assets | 21 | €305,029 | €642,304 | +€337,276 | +111% |
| Tangible fixed assets | 22/27 | €5,437,025 | €5,197,882 | -€239,143 | -4.4% |
| Land and buildings | 22 | €4,217,273 | €3,895,772 | -€321,501 | -7.6% |
| Plant, machinery and equipment | 23 | €908,625 | €1,017,634 | +€109,009 | +12.0% |
| Furniture and vehicles | 24 | €311,126 | €284,476 | -€26,651 | -8.6% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Financial fixed assets | 28 | €1,223,135 | €2,289,675 | +€1.1m | +87.2% |
| Affiliated companies | 280/1 | €1,214,326 | €2,281,001 | +€1.1m | +87.8% |
| Participating interests | 280 | €1,021,001 | €2,281,001 | +€1.3m | +123% |
| Amounts receivable | 281 | €193,325 | - | -€193,325 | |
| Companies linked by participating interests | 282/3 | €2,000 | €2,000 | = | 0.0% |
| Participating interests | 282 | €2,000 | €2,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,809 | €6,674 | -€135 | -2.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,809 | €6,674 | -€135 | -2.0% |
| Current assets | 29/58 | €4,793,345 | €3,454,602 | -€1.3m | -27.9% |
| Stocks and contracts in progress | 3 | €1,614,451 | €1,600,057 | -€14,395 | -0.9% |
| Stocks | 30/36 | €1,614,451 | €1,600,057 | -€14,395 | -0.9% |
| Goods purchased for resale | 34 | €1,614,451 | €1,600,057 | -€14,395 | -0.9% |
| Amounts receivable within one year | 40/41 | €2,043,261 | €1,443,122 | -€600,139 | -29.4% |
| Trade receivables | 40 | €794,599 | €959,975 | +€165,376 | +20.8% |
| Other amounts receivable | 41 | €1,248,662 | €483,147 | -€765,515 | -61.3% |
| Current investments | 50/53 | €402,093 | €2,367 | -€399,726 | -99.4% |
| Other investments | 51/53 | €402,093 | €2,367 | -€399,726 | -99.4% |
| Cash at bank and in hand | 54/58 | €714,762 | €355,914 | -€358,848 | -50.2% |
| Deferred charges and accrued income | 490/1 | €18,778 | €53,142 | +€34,364 | +183% |
| Total equity and liabilities | 10/49 | €11,758,534 | €11,584,463 | -€174,071 | -1.5% |
| Equity | 10/15 | €6,249,783 | €6,031,875 | -€217,908 | -3.5% |
| Contributions | 10/11 | €810,000 | €810,000 | = | 0.0% |
| Capital | 10 | €810,000 | €810,000 | = | 0.0% |
| Issued capital | 100 | €810,000 | €810,000 | = | 0.0% |
| Reserves | 13 | €241,817 | €241,817 | = | 0.0% |
| Non-distributable reserves | 130/1 | €81,000 | €81,000 | = | 0.0% |
| Legal reserve | 130 | €81,000 | €81,000 | = | 0.0% |
| Distributable reserves | 133 | €160,817 | €160,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,536,267 | €4,546,178 | +€9,912 | +0.2% |
| Investment grants | 15 | €661,699 | €433,879 | -€227,820 | -34.4% |
| Provisions and deferred taxes | 16 | €50,000 | €5,000 | -€45,000 | -90.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €5,000 | -€45,000 | -90.0% |
| Other liabilities and charges | 164/5 | €50,000 | €5,000 | -€45,000 | -90.0% |
| Amounts payable | 17/49 | €5,458,750 | €5,547,588 | +€88,838 | +1.6% |
| Amounts payable after more than one year | 17 | €3,197,607 | €3,026,051 | -€171,556 | -5.4% |
| Financial debts | 170/4 | €3,078,160 | €3,026,051 | -€52,109 | -1.7% |
| Credit institutions | 173 | €3,078,160 | €2,983,721 | -€94,440 | -3.1% |
| Other loans | 174 | - | €42,330 | +€42,330 | |
| Other amounts payable | 178/9 | €119,447 | - | -€119,447 | |
| Amounts payable within one year | 42/48 | €2,231,703 | €2,477,075 | +€245,372 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €890,734 | €895,251 | +€4,517 | +0.5% |
| Trade debts | 44 | €1,125,452 | €1,198,881 | +€73,429 | +6.5% |
| Suppliers | 440/4 | €1,125,452 | €1,198,881 | +€73,429 | +6.5% |
| Taxes, remuneration and social security | 45 | €214,517 | €382,944 | +€168,426 | +78.5% |
| Taxes | 450/3 | - | €57,176 | +€57,176 | |
| Remuneration and social security | 454/9 | €214,517 | €325,767 | +€111,250 | +51.9% |
| Other amounts payable | 47/48 | €1,000 | - | -€1,000 | |
| Accrued charges and deferred income | 492/3 | €29,440 | €44,462 | +€15,022 | +51.0% |
| Operating income | 70/76A | €12,997,569 | €12,718,709 | -€278,861 | -2.1% |
| Turnover | 70 | €12,665,606 | €12,023,203 | -€642,402 | -5.1% |
| Own construction capitalised | 72 | €276,186 | €263,222 | -€12,964 | -4.7% |
| Other operating income | 74 | €45,027 | €427,602 | +€382,576 | +850% |
| Non-recurring operating income | 76A | €10,751 | €4,681 | -€6,070 | -56.5% |
| Operating charges | 60/66A | €12,839,819 | €12,769,372 | -€70,447 | -0.5% |
| Goods for resale, raw materials and consumables | 60 | €4,500,051 | €4,179,156 | -€320,895 | -7.1% |
| Purchases | 600/8 | €4,345,269 | €4,164,762 | -€180,507 | -4.2% |
| Change in stocks: decrease (increase) | 609 | €154,782 | €14,395 | -€140,387 | -90.7% |
| Services and other goods | 61 | €4,992,106 | €4,759,392 | -€232,714 | -4.7% |
| Remuneration, social security and pensions | 62 | €2,343,798 | €2,670,473 | +€326,675 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €921,922 | €884,891 | -€37,031 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,285 | -€19,285 | -€38,569 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€50,000 | -€45,000 | +€5,000 | +10.0% |
| Other operating charges | 640/8 | €97,657 | €331,745 | +€234,088 | +240% |
| Non-recurring operating charges | 66A | €15,000 | €8,000 | -€7,000 | -46.7% |
| Operating profit (loss) | 9901 | €157,751 | -€50,663 | -€208,414 | |
| Financial income | 75/76B | €292,540 | €244,875 | -€47,665 | -16.3% |
| Recurring financial income | 75 | €292,540 | €244,875 | -€47,665 | -16.3% |
| Income from current assets | 751 | €15,747 | €4,766 | -€10,982 | -69.7% |
| Other financial income | 752/9 | €276,793 | €240,109 | -€36,684 | -13.3% |
| Financial charges | 65/66B | €161,625 | €183,743 | +€22,118 | +13.7% |
| Recurring financial charges | 65 | €161,625 | €183,743 | +€22,118 | +13.7% |
| Debt charges | 650 | €98,629 | €118,427 | +€19,798 | +20.1% |
| Other financial charges | 652/9 | €62,996 | €65,317 | +€2,321 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €288,666 | €10,468 | -€278,198 | -96.4% |
| Income taxes | 67/77 | €43,560 | €556 | -€43,003 | -98.7% |
| Taxes | 670/3 | €43,560 | €556 | -€43,003 | -98.7% |
| Profit (loss) for the period | 9904 | €245,106 | €9,912 | -€235,194 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €245,106 | €9,912 | -€235,194 | -96.0% |
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 1 November 2026 via checked.be.