EUROSTATES: what changed
EUROSTATES
Largest movements
- Cash -€138,970
down €138,970 (-62.4%), from €222,571 to €83,601
mainly Accrued charges and deferred income (-€111,987) and Trade debts (-€88,483)
- Receivables within one year -€64,442
down €64,442 (-42.2%), from €152,703 to €88,261
of which Other amounts receivable: -€76,421
- Accrued charges and deferred income -€111,987
down €111,987 (-93.3%), from €120,087 to €8,100
- Trade debts -€88,483
down €88,483 (-97.3%), from €90,939 to €2,456
- Current portion of long-term debt -€8,368
no longer reported in 2025 (was €8,368)
- Gross operating margin -€28,364
down €28,364 (-78.8%), from €35,990 to €7,626
- Taxes -€6,480
down €6,480 (-70.2%), from €9,226 to €2,746
- Depreciation -€2,871
down €2,871 (-36.7%), from €7,819 to €4,948
- Financial income +€1,107
up €1,107 (+217%), from €510 to €1,617
- Other operating charges +€691
up €691 (+81.1%), from €852 to €1,543
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €396,170 | €189,234 | -€206,936 | -52.2% |
| Fixed assets | 21/28 | €17,875 | €15,345 | -€2,530 | -14.2% |
| Tangible fixed assets | 22/27 | €17,875 | €15,345 | -€2,530 | -14.2% |
| Plant, machinery and equipment | 23 | €4,648 | €4,882 | +€234 | +5.0% |
| Furniture and vehicles | 24 | €4,142 | €3,828 | -€314 | -7.6% |
| Other tangible fixed assets | 26 | €9,085 | €6,635 | -€2,450 | -27.0% |
| Current assets | 29/58 | €378,295 | €173,889 | -€204,406 | -54.0% |
| Amounts receivable within one year | 40/41 | €152,703 | €88,261 | -€64,442 | -42.2% |
| Trade receivables | 40 | €1,815 | €13,794 | +€11,979 | +660% |
| Other amounts receivable | 41 | €150,888 | €74,467 | -€76,421 | -50.6% |
| Cash at bank and in hand | 54/58 | €222,571 | €83,601 | -€138,970 | -62.4% |
| Deferred charges and accrued income | 490/1 | €3,021 | €2,027 | -€994 | -32.9% |
| Total equity and liabilities | 10/49 | €396,170 | €189,234 | -€206,936 | -52.2% |
| Equity | 10/15 | €176,776 | €176,428 | -€348 | -0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,860 | €161,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,716 | €8,368 | -€348 | -4.0% |
| Amounts payable | 17/49 | €219,394 | €12,806 | -€206,588 | -94.2% |
| Amounts payable within one year | 42/48 | €99,307 | €4,706 | -€94,601 | -95.3% |
| Current portion of amounts payable after more than one year | 42 | €8,368 | - | -€8,368 | |
| Trade debts | 44 | €90,939 | €2,456 | -€88,483 | -97.3% |
| Suppliers | 440/4 | €90,939 | €2,456 | -€88,483 | -97.3% |
| Taxes, remuneration and social security | 45 | - | €2,250 | +€2,250 | |
| Taxes | 450/3 | - | €2,250 | +€2,250 | |
| Accrued charges and deferred income | 492/3 | €120,087 | €8,100 | -€111,987 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,819 | €4,948 | -€2,871 | -36.7% |
| Other operating charges | 640/8 | €852 | €1,543 | +€691 | +81.1% |
| Gross operating margin | 9900 | €35,990 | €7,626 | -€28,364 | -78.8% |
| Operating profit (loss) | 9901 | €27,319 | €1,135 | -€26,184 | -95.8% |
| Financial income | 75/76B | €510 | €1,617 | +€1,107 | +217% |
| Recurring financial income | 75 | €510 | €1,617 | +€1,107 | +217% |
| Financial charges | 65/66B | €852 | €352 | -€500 | -58.6% |
| Recurring financial charges | 65 | €852 | €352 | -€500 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €26,977 | €2,399 | -€24,578 | -91.1% |
| Income taxes | 67/77 | €9,226 | €2,746 | -€6,480 | -70.2% |
| Profit (loss) for the period | 9904 | €17,751 | -€347 | -€18,098 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,751 | -€347 | -€18,098 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.