EUROSOL: 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
EUROSOL
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€26,423
2023 · -€11,157-€15,265
Equity
€235,684
2023 · €262,107-€26,423
Cash
€21,890
2023 · €19,513+€2,377
Balance sheet total
€2.3m
2023 · €2.0m+€273,394
Largest movements
Assets
- Tangible fixed assets +€253,098
up €253,098 (+13.2%), from €1.9m to €2.2m
of which Land and buildings: +€275,551
Equity and liabilities
- Other debts +€321,069
up €321,069 (+311%), from €103,343 to €424,412
- Profit (loss) carried forward -€26,423
down €26,423 (-78.2%), from -€33,783 to -€60,206
Income statement
- Gross operating margin -€22,927
down €22,927 (-13.8%), from €165,752 to €142,825
- Financial charges -€10,873
down €10,873 (-20.7%), from €52,446 to €41,573
- Depreciation +€5,442
up €5,442 (+4.7%), from €115,859 to €121,301
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.
Result 2023
-€11,157
Gross operating margin
-€22,927
Depreciation
-€5,442
Other operating charges
+€151
Other operating items
+€3,080
Financial income
-€1,000
Financial charges
+€10,873
Result 2024
-€26,423
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€397,299
Investment
-€374,399
Financing
-€20,523
Cash 2023
€19,513
From operations (derived)
+€397,299
Net result for the year
-€26,423
Depreciation
+€121,301
Receivables within one year
-€17,569
Smaller working-capital items
-€1,079
Other debts
+€321,069
Investment (derived)
-€374,399
Investment in fixed assets (net)
-€374,399
Financing
-€20,523
Debts after one year
-€21,018
Current portion of long-term debt
+€537
Short-term financial debts
-€42
Cash 2024
€21,890
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,982,846 | €2,256,240 | +€273,394 | +13.8% |
| Fixed assets | 21/28 | €1,916,474 | €2,169,572 | +€253,098 | +13.2% |
| Tangible fixed assets | 22/27 | €1,916,474 | €2,169,572 | +€253,098 | +13.2% |
| Land and buildings | 22 | €1,854,364 | €2,129,915 | +€275,551 | +14.9% |
| Plant, machinery and equipment | 23 | €1,109 | €511 | -€599 | -54.0% |
| Furniture and vehicles | 24 | €61,000 | €39,146 | -€21,854 | -35.8% |
| Current assets | 29/58 | €66,372 | €86,668 | +€20,296 | +30.6% |
| Amounts receivable within one year | 40/41 | €46,376 | €63,945 | +€17,569 | +37.9% |
| Trade receivables | 40 | €9,600 | €16,741 | +€7,141 | +74.4% |
| Other amounts receivable | 41 | €36,776 | €47,203 | +€10,428 | +28.4% |
| Cash at bank and in hand | 54/58 | €19,513 | €21,890 | +€2,377 | +12.2% |
| Deferred charges and accrued income | 490/1 | €483 | €833 | +€351 | +72.7% |
| Total equity and liabilities | 10/49 | €1,982,846 | €2,256,240 | +€273,394 | +13.8% |
| Equity | 10/15 | €262,107 | €235,684 | -€26,423 | -10.1% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Capital | 10 | €105,355 | €105,355 | = | 0.0% |
| Issued capital | 100 | €105,355 | €105,355 | = | 0.0% |
| Revaluation surpluses | 12 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €10,535 | €10,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,535 | €10,535 | = | 0.0% |
| Legal reserve | 130 | €10,535 | €10,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,783 | -€60,206 | -€26,423 | -78.2% |
| Amounts payable | 17/49 | €1,720,738 | €2,020,556 | +€299,817 | +17.4% |
| Amounts payable after more than one year | 17 | €1,587,700 | €1,566,682 | -€21,018 | -1.3% |
| Financial debts | 170/4 | €1,587,700 | €1,566,682 | -€21,018 | -1.3% |
| Amounts payable within one year | 42/48 | €133,038 | €453,873 | +€320,835 | +241% |
| Current portion of amounts payable after more than one year | 42 | €22,210 | €22,747 | +€537 | +2.4% |
| Financial debts | 43 | €281 | €239 | -€42 | -15.0% |
| Credit institutions | 430/8 | €281 | €239 | -€42 | -15.0% |
| Trade debts | 44 | €7,205 | €6,304 | -€900 | -12.5% |
| Suppliers | 440/4 | €7,205 | €6,304 | -€900 | -12.5% |
| Advances received on contracts in progress | 46 | - | €172 | +€172 | |
| Other amounts payable | 47/48 | €103,343 | €424,412 | +€321,069 | +311% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,859 | €121,301 | +€5,442 | +4.7% |
| Other operating charges | 640/8 | €6,524 | €6,374 | -€151 | -2.3% |
| Non-recurring operating charges | 66A | €3,080 | €0 | -€3,080 | -100% |
| Gross operating margin | 9900 | €165,752 | €142,825 | -€22,927 | -13.8% |
| Operating profit (loss) | 9901 | €40,289 | €15,150 | -€25,138 | -62.4% |
| Financial income | 75/76B | €1,000 | €0 | -€1,000 | -100% |
| Recurring financial income | 75 | €1,000 | €0 | -€1,000 | -100% |
| Financial charges | 65/66B | €52,446 | €41,573 | -€10,873 | -20.7% |
| Recurring financial charges | 65 | €52,446 | €41,573 | -€10,873 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,157 | -€26,423 | -€15,265 | -137% |
| Profit (loss) for the period | 9904 | -€11,157 | -€26,423 | -€15,265 | -137% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,157 | -€26,423 | -€15,265 | -137% |
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 20 October 2026 via checked.be.