EUROSTATE: 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
EUROSTATE
NACE 64.210, Activities of holding companies
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€30,338
2023 · -€84,103+€53,765
Equity
€1.7m
2023 · €1.7m-€30,338
Cash
€311
2023 · €4,791-€4,480
Balance sheet total
€2.5m
2023 · €2.2m+€267,497
Largest movements
Assets
- Receivables within one year +€248,885
up €248,885 (+30.9%), from €806,225 to €1.1m
of which Other amounts receivable: +€237,909
- Receivables after one year +€30,948
up €30,948 (+6.5%), from €475,800 to €506,748
Equity and liabilities
- Debts after one year +€275,000
new in 2024: €275,000
- Profit (loss) carried forward -€30,338
down €30,338 (-1.9%), from €1.6m to €1.6m
Income statement
- Financial charges -€44,838
down €44,838 (-60.7%), from €73,836 to €28,999
of which Non-recurring financial charges: -€53,129
- Financial income +€9,353
up €9,353 (+17.6%), from €53,263 to €62,616
- Gross operating margin +€6,779
up €6,779 (+18.1%), from -€37,431 to -€30,652
- Staff costs +€4,734
up €4,734 (+25.7%), from €18,422 to €23,156
- Other operating charges +€2,743
up €2,743 (+161%), from €1,699 to €4,441
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
-€84,103
Gross operating margin
+€6,779
Staff costs
-€4,734
Depreciation
+€272
Other operating charges
-€2,743
Financial income
+€9,353
Financial charges
+€44,838
Taxes
-€0
Result 2024
-€30,338
raises the resultlowers the result
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
-€280,852
Investment
+€1,371
Financing
+€275,000
Cash 2023
€4,791
From operations (derived)
-€280,852
Net result for the year
-€30,338
Depreciation
+€5,705
Receivables after one year
-€30,948
Receivables within one year
-€248,885
Deferred charges and accrued income
+€780
Smaller working-capital items
+€22
Other debts
+€19,143
Accrued charges and deferred income
+€3,670
Investment (derived)
+€1,371
Investment in fixed assets (net)
+€1,371
Financing
+€275,000
Debts after one year
+€275,000
Cash 2024
€311
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,189,716 | €2,457,213 | +€267,497 | +12.2% |
| Fixed assets | 21/28 | €418,901 | €411,825 | -€7,076 | -1.7% |
| Tangible fixed assets | 22/27 | €242,529 | €236,825 | -€5,705 | -2.4% |
| Land and buildings | 22 | €242,529 | €236,825 | -€5,705 | -2.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €176,371 | €175,000 | -€1,371 | -0.8% |
| Current assets | 29/58 | €1,770,816 | €2,045,389 | +€274,573 | +15.5% |
| Amounts receivable after more than one year | 29 | €475,800 | €506,748 | +€30,948 | +6.5% |
| Other amounts receivable | 291 | €475,800 | €506,748 | +€30,948 | +6.5% |
| Stocks and contracts in progress | 3 | €483,000 | €483,000 | = | 0.0% |
| Stocks | 30/36 | €483,000 | €483,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €806,225 | €1,055,109 | +€248,885 | +30.9% |
| Trade receivables | 40 | €143,205 | €154,181 | +€10,975 | +7.7% |
| Other amounts receivable | 41 | €663,019 | €900,929 | +€237,909 | +35.9% |
| Cash at bank and in hand | 54/58 | €4,791 | €311 | -€4,480 | -93.5% |
| Deferred charges and accrued income | 490/1 | €1,000 | €220 | -€780 | -78.0% |
| Total equity and liabilities | 10/49 | €2,189,716 | €2,457,213 | +€267,497 | +12.2% |
| Equity | 10/15 | €1,738,522 | €1,708,184 | -€30,338 | -1.7% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,595,522 | €1,565,184 | -€30,338 | -1.9% |
| Amounts payable | 17/49 | €451,195 | €749,030 | +€297,835 | +66.0% |
| Amounts payable after more than one year | 17 | - | €275,000 | +€275,000 | |
| Financial debts | 170/4 | - | €275,000 | +€275,000 | |
| Amounts payable within one year | 42/48 | €451,195 | €470,360 | +€19,166 | +4.2% |
| Financial debts | 43 | €436,000 | €436,000 | = | 0.0% |
| Credit institutions | 430/8 | €436,000 | €436,000 | = | 0.0% |
| Trade debts | 44 | €3,676 | €3,146 | -€530 | -14.4% |
| Suppliers | 440/4 | €3,676 | €3,146 | -€530 | -14.4% |
| Taxes, remuneration and social security | 45 | €2,125 | €2,677 | +€552 | +26.0% |
| Taxes | 450/3 | - | €14 | +€14 | |
| Remuneration and social security | 454/9 | €2,125 | €2,663 | +€538 | +25.3% |
| Other amounts payable | 47/48 | €9,394 | €28,537 | +€19,143 | +204% |
| Accrued charges and deferred income | 492/3 | - | €3,670 | +€3,670 | |
| Remuneration, social security and pensions | 62 | €18,422 | €23,156 | +€4,734 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,977 | €5,705 | -€272 | -4.6% |
| Other operating charges | 640/8 | €1,699 | €4,441 | +€2,743 | +161% |
| Gross operating margin | 9900 | -€37,431 | -€30,652 | +€6,779 | +18.1% |
| Operating profit (loss) | 9901 | -€63,529 | -€63,955 | -€426 | -0.7% |
| Financial income | 75/76B | €53,263 | €62,616 | +€9,353 | +17.6% |
| Recurring financial income | 75 | €53,263 | €62,616 | +€9,353 | +17.6% |
| Financial charges | 65/66B | €73,836 | €28,999 | -€44,838 | -60.7% |
| Recurring financial charges | 65 | €20,708 | €28,999 | +€8,291 | +40.0% |
| Non-recurring financial charges | 66B | €53,129 | €0 | -€53,129 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€84,103 | -€30,338 | +€53,765 | +63.9% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€84,103 | -€30,338 | +€53,765 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,103 | -€30,338 | +€53,765 | +63.9% |
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 14 October 2026 via checked.be.