EUROSOGE: 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.
EUROSOGE
Largest movements
- Cash -€306,203
down €306,203 (-79.8%), from €383,615 to €77,411
mainly Receivables within one year (-€290,145) and Provisions (-€110,092)
- Receivables within one year +€290,145
up €290,145 (+17.9%), from €1.6m to €1.9m
of which Other amounts receivable: +€290,145
- Provisions -€110,092
down €110,092 (-22.4%), from €491,481 to €381,389
of which Provisions for liabilities and charges: -€100,000
- Profit (loss) carried forward +€70,828
up €70,828 (+56.2%), from €126,082 to €196,910
- Trade debts -€69,070
down €69,070 (-2.0%), from €3.5m to €3.4m
- Gross operating margin +€246,342
up €246,342, from -€172,921 to €73,421
- Other operating charges -€65,734
down €65,734 (-84.2%), from €78,032 to €12,297
- Financial income +€19,622
up €19,622 (+73.7%), from €26,632 to €46,254
- Taxes +€17,007
new in 2024: €17,007
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,282,075 | €6,216,721 | -€65,354 | -1.0% |
| Fixed assets | 21/28 | €4,276,290 | €4,225,941 | -€50,349 | -1.2% |
| Tangible fixed assets | 22/27 | €1,678,290 | €1,627,941 | -€50,349 | -3.0% |
| Land and buildings | 22 | €1,641,571 | €1,579,046 | -€62,525 | -3.8% |
| Other tangible fixed assets | 26 | €36,719 | €48,895 | +€12,176 | +33.2% |
| Financial fixed assets | 28 | €2,598,000 | €2,598,000 | = | 0.0% |
| Current assets | 29/58 | €2,005,786 | €1,990,780 | -€15,005 | -0.7% |
| Amounts receivable within one year | 40/41 | €1,622,171 | €1,912,316 | +€290,145 | +17.9% |
| Trade receivables | 40 | €549,419 | €549,419 | = | 0.0% |
| Other amounts receivable | 41 | €1,072,752 | €1,362,897 | +€290,145 | +27.0% |
| Cash at bank and in hand | 54/58 | €383,615 | €77,411 | -€306,203 | -79.8% |
| Deferred charges and accrued income | 490/1 | - | €1,053 | +€1,053 | |
| Total equity and liabilities | 10/49 | €6,282,075 | €6,216,721 | -€65,354 | -1.0% |
| Equity | 10/15 | €2,211,906 | €2,258,708 | +€46,802 | +2.1% |
| Contributions | 10/11 | €975,283 | €975,283 | = | 0.0% |
| Capital | 10 | €975,283 | €975,283 | = | 0.0% |
| Issued capital | 100 | €975,283 | €975,283 | = | 0.0% |
| Reserves | 13 | €1,110,542 | €1,086,515 | -€24,026 | -2.2% |
| Non-distributable reserves | 130/1 | €49,711 | €49,711 | = | 0.0% |
| Legal reserve | 130 | €49,711 | €49,711 | = | 0.0% |
| Tax-exempt reserves | 132 | €980,831 | €956,804 | -€24,026 | -2.4% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,082 | €196,910 | +€70,828 | +56.2% |
| Provisions and deferred taxes | 16 | €491,481 | €381,389 | -€110,092 | -22.4% |
| Provisions for liabilities and charges | 160/5 | €100,000 | - | -€100,000 | |
| Major repairs and maintenance | 162 | €100,000 | - | -€100,000 | |
| Deferred taxes | 168 | €391,481 | €381,389 | -€10,092 | -2.6% |
| Amounts payable | 17/49 | €3,578,688 | €3,576,624 | -€2,064 | -0.1% |
| Amounts payable within one year | 42/48 | €3,578,688 | €3,576,624 | -€2,064 | -0.1% |
| Trade debts | 44 | €3,481,191 | €3,412,121 | -€69,070 | -2.0% |
| Suppliers | 440/4 | €3,481,191 | €3,412,121 | -€69,070 | -2.0% |
| Taxes, remuneration and social security | 45 | €86,696 | €103,703 | +€17,007 | +19.6% |
| Taxes | 450/3 | €86,696 | €103,703 | +€17,007 | +19.6% |
| Other amounts payable | 47/48 | €10,800 | €60,800 | +€50,000 | +463% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,955 | €53,460 | -€495 | -0.9% |
| Other operating charges | 640/8 | €78,032 | €12,297 | -€65,734 | -84.2% |
| Gross operating margin | 9900 | -€172,921 | €73,421 | +€246,342 | |
| Operating profit (loss) | 9901 | -€304,907 | €7,663 | +€312,571 | |
| Financial income | 75/76B | €26,632 | €46,254 | +€19,622 | +73.7% |
| Recurring financial income | 75 | €26,632 | €46,254 | +€19,622 | +73.7% |
| Financial charges | 65/66B | €283 | €201 | -€82 | -29.0% |
| Recurring financial charges | 65 | €283 | €201 | -€82 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | -€278,558 | €53,716 | +€332,274 | |
| Transfer from deferred taxes | 780 | €33,956 | €10,092 | -€23,864 | -70.3% |
| Income taxes | 67/77 | - | €17,007 | +€17,007 | |
| Profit (loss) for the period | 9904 | -€244,602 | €46,802 | +€291,404 | |
| Transfer from tax-exempt reserves | 789 | - | €24,026 | +€24,026 | |
| Profit (loss) for the period to be appropriated | 9905 | -€244,602 | €70,828 | +€315,430 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.