Eurotag: 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.
Eurotag
Largest movements
- Receivables within one year +€88,784
up €88,784 (+50.6%), from €175,575 to €264,359
of which Other amounts receivable: +€58,247
- Stocks and contracts -€70,707
down €70,707 (-33.2%), from €213,245 to €142,538
- Intangible fixed assets -€17,447
down €17,447 (-59.4%), from €29,359 to €11,911
- Cash -€15,834
down €15,834 (-93.0%), from €17,035 to €1,201
mainly Receivables within one year (-€88,784) and Tax, wage and social debts (-€9,880)
- Tax, wage and social debts -€9,880
down €9,880 (-80.1%), from €12,331 to €2,451
- Reserves +€7,853
up €7,853 (+3.0%), from €258,943 to €266,796
of which Distributable reserves: +€7,853
- Debts after one year -€6,438
down €6,438 (-100%), from €6,438 to €0
- Gross operating margin -€25,604
down €25,604 (-51.4%), from €49,815 to €24,211
- Taxes -€7,769
down €7,769 (-74.4%), from €10,444 to €2,674
- Financial income -€3,536
down €3,536 (-39.7%), from €8,902 to €5,366
- Financial charges -€1,300
down €1,300 (-61.6%), from €2,111 to €810
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 | €435,530 | €420,168 | -€15,363 | -3.5% |
| Fixed assets | 21/28 | €29,675 | €12,070 | -€17,606 | -59.3% |
| Intangible fixed assets | 21 | €29,359 | €11,911 | -€17,447 | -59.4% |
| Tangible fixed assets | 22/27 | €317 | €158 | -€158 | -50.0% |
| Plant, machinery and equipment | 23 | €317 | €158 | -€158 | -50.0% |
| Current assets | 29/58 | €405,855 | €408,098 | +€2,243 | +0.6% |
| Stocks and contracts in progress | 3 | €213,245 | €142,538 | -€70,707 | -33.2% |
| Stocks | 30/36 | €213,245 | €142,538 | -€70,707 | -33.2% |
| Amounts receivable within one year | 40/41 | €175,575 | €264,359 | +€88,784 | +50.6% |
| Trade receivables | 40 | €102,438 | €132,974 | +€30,536 | +29.8% |
| Other amounts receivable | 41 | €73,138 | €131,385 | +€58,247 | +79.6% |
| Cash at bank and in hand | 54/58 | €17,035 | €1,201 | -€15,834 | -93.0% |
| Total equity and liabilities | 10/49 | €435,530 | €420,168 | -€15,363 | -3.5% |
| Equity | 10/15 | €320,943 | €328,796 | +€7,853 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €258,943 | €266,796 | +€7,853 | +3.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €252,743 | €260,596 | +€7,853 | +3.1% |
| Amounts payable | 17/49 | €114,587 | €91,372 | -€23,216 | -20.3% |
| Amounts payable after more than one year | 17 | €6,438 | €0 | -€6,438 | -100% |
| Financial debts | 170/4 | €6,438 | €0 | -€6,438 | -100% |
| Amounts payable within one year | 42/48 | €108,149 | €91,372 | -€16,778 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €9,600 | €5,818 | -€3,782 | -39.4% |
| Trade debts | 44 | €51,261 | €49,011 | -€2,250 | -4.4% |
| Suppliers | 440/4 | €51,261 | €49,011 | -€2,250 | -4.4% |
| Taxes, remuneration and social security | 45 | €12,331 | €2,451 | -€9,880 | -80.1% |
| Taxes | 450/3 | €12,331 | €2,451 | -€9,880 | -80.1% |
| Other amounts payable | 47/48 | €34,958 | €34,091 | -€867 | -2.5% |
| Remuneration, social security and pensions | 62 | €172 | €122 | -€51 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,606 | €17,606 | = | 0.0% |
| Other operating charges | 640/8 | €503 | €512 | +€9 | +1.8% |
| Gross operating margin | 9900 | €49,815 | €24,211 | -€25,604 | -51.4% |
| Operating profit (loss) | 9901 | €31,534 | €5,972 | -€25,562 | -81.1% |
| Financial income | 75/76B | €8,902 | €5,366 | -€3,536 | -39.7% |
| Recurring financial income | 75 | €8,902 | €5,366 | -€3,536 | -39.7% |
| Financial charges | 65/66B | €2,111 | €810 | -€1,300 | -61.6% |
| Recurring financial charges | 65 | €2,111 | €810 | -€1,300 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €38,325 | €10,527 | -€27,798 | -72.5% |
| Income taxes | 67/77 | €10,444 | €2,674 | -€7,769 | -74.4% |
| Profit (loss) for the period | 9904 | €27,881 | €7,853 | -€20,028 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,881 | €7,853 | -€20,028 | -71.8% |
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 23 October 2026 via checked.be.