EUROTACH: 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.
EUROTACH
Largest movements
- Receivables within one year +€221,425
up €221,425 (+236%), from €93,972 to €315,397
of which Trade receivables: +€213,425
- Cash -€50,845
down €50,845 (-52.6%), from €96,730 to €45,885
mainly Receivables within one year (-€221,425) and Debts after one year (-€61,328)
- Profit (loss) carried forward +€186,213
up €186,213 (+52.7%), from €353,195 to €539,408
- Debts after one year -€61,328
down €61,328 (-11.1%), from €550,168 to €488,840
- Tax, wage and social debts +€41,060
up €41,060 (+54.9%), from €74,781 to €115,840
of which Taxes: +€34,586
- Other debts +€16,471
up €16,471 (+30.0%), from €54,944 to €71,415
- Gross operating margin +€93,725
up €93,725 (+37.4%), from €250,312 to €344,037
- Staff costs +€39,504
up €39,504 (+758%), from €5,214 to €44,719
- Financial charges +€11,689
up €11,689 (+134%), from €8,742 to €20,430
- Taxes -€9,098
down €9,098 (-11.8%), from €76,788 to €67,691
- Depreciation -€4,099
down €4,099 (-15.2%), from €27,012 to €22,913
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 | €1,155,820 | €1,334,467 | +€178,647 | +15.5% |
| Fixed assets | 21/28 | €964,324 | €971,091 | +€6,767 | +0.7% |
| Tangible fixed assets | 22/27 | €44,324 | €51,091 | +€6,767 | +15.3% |
| Plant, machinery and equipment | 23 | €9,667 | €3,772 | -€5,895 | -61.0% |
| Furniture and vehicles | 24 | €32,306 | €16,956 | -€15,351 | -47.5% |
| Other tangible fixed assets | 26 | €2,351 | €30,364 | +€28,013 | +1,192% |
| Financial fixed assets | 28 | €920,000 | €920,000 | = | 0.0% |
| Current assets | 29/58 | €191,497 | €363,376 | +€171,879 | +89.8% |
| Amounts receivable within one year | 40/41 | €93,972 | €315,397 | +€221,425 | +236% |
| Trade receivables | 40 | €70,972 | €284,396 | +€213,425 | +301% |
| Other amounts receivable | 41 | €23,000 | €31,001 | +€8,001 | +34.8% |
| Cash at bank and in hand | 54/58 | €96,730 | €45,885 | -€50,845 | -52.6% |
| Deferred charges and accrued income | 490/1 | €795 | €2,094 | +€1,299 | +163% |
| Total equity and liabilities | 10/49 | €1,155,820 | €1,334,467 | +€178,647 | +15.5% |
| Equity | 10/15 | €358,195 | €544,408 | +€186,213 | +52.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €353,195 | €539,408 | +€186,213 | +52.7% |
| Amounts payable | 17/49 | €797,625 | €790,059 | -€7,566 | -0.9% |
| Amounts payable after more than one year | 17 | €550,168 | €488,840 | -€61,328 | -11.1% |
| Financial debts | 170/4 | €550,168 | €488,840 | -€61,328 | -11.1% |
| Amounts payable within one year | 42/48 | €247,457 | €301,219 | +€53,762 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €63,304 | €61,328 | -€1,976 | -3.1% |
| Trade debts | 44 | €54,429 | €52,636 | -€1,792 | -3.3% |
| Suppliers | 440/4 | €54,429 | €52,636 | -€1,792 | -3.3% |
| Taxes, remuneration and social security | 45 | €74,781 | €115,840 | +€41,060 | +54.9% |
| Taxes | 450/3 | €71,756 | €106,342 | +€34,586 | +48.2% |
| Remuneration and social security | 454/9 | €3,025 | €9,498 | +€6,473 | +214% |
| Other amounts payable | 47/48 | €54,944 | €71,415 | +€16,471 | +30.0% |
| Non-recurring operating income | 76A | - | €1,134 | +€1,134 | |
| Remuneration, social security and pensions | 62 | €5,214 | €44,719 | +€39,504 | +758% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,012 | €22,913 | -€4,099 | -15.2% |
| Other operating charges | 640/8 | €5,958 | €3,041 | -€2,917 | -49.0% |
| Gross operating margin | 9900 | €250,312 | €344,037 | +€93,725 | +37.4% |
| Operating profit (loss) | 9901 | €212,128 | €273,364 | +€61,236 | +28.9% |
| Financial income | 75/76B | €82 | €970 | +€888 | +1,083% |
| Recurring financial income | 75 | €82 | €970 | +€888 | +1,083% |
| Financial charges | 65/66B | €8,742 | €20,430 | +€11,689 | +134% |
| Recurring financial charges | 65 | €8,742 | €20,430 | +€11,689 | +134% |
| Profit (loss) for the period before taxes | 9903 | €203,468 | €253,903 | +€50,435 | +24.8% |
| Income taxes | 67/77 | €76,788 | €67,691 | -€9,098 | -11.8% |
| Profit (loss) for the period | 9904 | €126,680 | €186,213 | +€59,533 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €126,680 | €186,213 | +€59,533 | +47.0% |
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 28 October 2026 via checked.be.