Euroshuffle: 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.
Euroshuffle
Largest movements
- Receivables within one year +€35,790
up €35,790 (+34.7%), from €103,138 to €138,929
of which Other amounts receivable: +€35,790
- Cash +€5,385
up €5,385 (+113%), from €4,764 to €10,150
mainly Net result for the year (+€33,539) and Other debts (+€5,671)
- Deferred charges and accrued income -€2,948
down €2,948 (-49.5%), from €5,952 to €3,004
- Tangible fixed assets -€1,554
down €1,554 (-51.2%), from €3,034 to €1,479
of which Furniture and vehicles: -€1,226
- Reserves +€33,539
up €33,539 (+47.2%), from €71,088 to €104,627
- Other debts +€5,671
up €5,671 (+55.7%), from €10,181 to €15,852
- Trade debts -€5,408
down €5,408 (-95.8%), from €5,647 to €238
- Accrued charges and deferred income +€5,169
new in 2025: €5,169
- Gross operating margin +€13,663
up €13,663 (+36.9%), from €37,066 to €50,729
- Taxes +€3,434
up €3,434 (+32.3%), from €10,620 to €14,054
- Depreciation -€2,163
down €2,163 (-65.4%), from €3,308 to €1,145
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 | €116,888 | €153,562 | +€36,674 | +31.4% |
| Fixed assets | 21/28 | €3,034 | €1,479 | -€1,554 | -51.2% |
| Tangible fixed assets | 22/27 | €3,034 | €1,479 | -€1,554 | -51.2% |
| Plant, machinery and equipment | 23 | €1,807 | €1,479 | -€328 | -18.1% |
| Furniture and vehicles | 24 | €1,226 | €0 | -€1,226 | -100% |
| Current assets | 29/58 | €113,855 | €152,083 | +€38,228 | +33.6% |
| Amounts receivable within one year | 40/41 | €103,138 | €138,929 | +€35,790 | +34.7% |
| Trade receivables | 40 | €22,500 | €22,500 | = | 0.0% |
| Other amounts receivable | 41 | €80,638 | €116,429 | +€35,790 | +44.4% |
| Cash at bank and in hand | 54/58 | €4,764 | €10,150 | +€5,385 | +113% |
| Deferred charges and accrued income | 490/1 | €5,952 | €3,004 | -€2,948 | -49.5% |
| Total equity and liabilities | 10/49 | €116,888 | €153,562 | +€36,674 | +31.4% |
| Equity | 10/15 | €89,688 | €123,227 | +€33,539 | +37.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,088 | €104,627 | +€33,539 | +47.2% |
| Distributable reserves | 133 | €71,088 | €104,627 | +€33,539 | +47.2% |
| Amounts payable | 17/49 | €27,200 | €30,335 | +€3,135 | +11.5% |
| Amounts payable within one year | 42/48 | €27,200 | €25,166 | -€2,034 | -7.5% |
| Financial debts | 43 | €10,000 | €8,640 | -€1,360 | -13.6% |
| Credit institutions | 430/8 | €10,000 | €8,640 | -€1,360 | -13.6% |
| Trade debts | 44 | €5,647 | €238 | -€5,408 | -95.8% |
| Suppliers | 440/4 | €5,647 | €238 | -€5,408 | -95.8% |
| Taxes, remuneration and social security | 45 | €1,372 | €435 | -€937 | -68.3% |
| Taxes | 450/3 | €1,372 | €435 | -€937 | -68.3% |
| Other amounts payable | 47/48 | €10,181 | €15,852 | +€5,671 | +55.7% |
| Accrued charges and deferred income | 492/3 | - | €5,169 | +€5,169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,308 | €1,145 | -€2,163 | -65.4% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | - | €1,226 | +€1,226 | |
| Gross operating margin | 9900 | €37,066 | €50,729 | +€13,663 | +36.9% |
| Operating profit (loss) | 9901 | €33,244 | €47,830 | +€14,586 | +43.9% |
| Financial charges | 65/66B | €72 | €237 | +€165 | +230% |
| Recurring financial charges | 65 | €72 | €237 | +€165 | +230% |
| Profit (loss) for the period before taxes | 9903 | €33,172 | €47,593 | +€14,420 | +43.5% |
| Income taxes | 67/77 | €10,620 | €14,054 | +€3,434 | +32.3% |
| Profit (loss) for the period | 9904 | €22,552 | €33,539 | +€10,987 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,552 | €33,539 | +€10,987 | +48.7% |
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 31 October 2026 via checked.be.