EUROTECHNOX: what changed
Two fiscal 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.
EUROTECHNOX
Largest movements
- Cash +€209,788
up €209,788 (+101.3%), from €207,012 to €416,800
mainly Current investments (+€124,824) and Net result for the year (+€41,399)
- Current investments -€124,824
down €124,824 (-24.6%), from €507,554 to €382,731
- Receivables within one year -€21,466
down €21,466 (-56.9%), from €37,701 to €16,235
of which Trade receivables: -€18,555
- Tangible fixed assets -€17,588
down €17,588 (-3.8%), from €457,691 to €440,103
of which Land and buildings: -€16,475
- Reserves +€41,399
up €41,399 (+3.6%), from €1.1m to €1.2m
of which Distributable reserves: +€41,399
- Gross operating margin -€27,776
down €27,776 (-21.9%), from €127,112 to €99,337
- Taxes -€10,661
down €10,661 (-40.4%), from €26,356 to €15,696
- Financial income -€4,174
down €4,174 (-44.7%), from €9,348 to €5,174
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.
Cash bridge derived
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 | €1,212,253 | €1,258,224 | +€45,971 | +3.8% |
| Fixed assets | 21/28 | €457,691 | €440,103 | -€17,588 | -3.8% |
| Tangible fixed assets | 22/27 | €457,691 | €440,103 | -€17,588 | -3.8% |
| Land and buildings | 22 | €455,640 | €439,165 | -€16,475 | -3.6% |
| Plant, machinery and equipment | 23 | €191 | €105 | -€87 | -45.3% |
| Furniture and vehicles | 24 | €1,859 | €834 | -€1,026 | -55.2% |
| Current assets | 29/58 | €754,562 | €818,121 | +€63,559 | +8.4% |
| Amounts receivable within one year | 40/41 | €37,701 | €16,235 | -€21,466 | -56.9% |
| Trade receivables | 40 | €30,388 | €11,833 | -€18,555 | -61.1% |
| Other amounts receivable | 41 | €7,313 | €4,401 | -€2,911 | -39.8% |
| Current investments | 50/53 | €507,554 | €382,731 | -€124,824 | -24.6% |
| Cash at bank and in hand | 54/58 | €207,012 | €416,800 | +€209,788 | +101.3% |
| Deferred charges and accrued income | 490/1 | €2,296 | €2,357 | +€61 | +2.7% |
| Total equity and liabilities | 10/49 | €1,212,253 | €1,258,224 | +€45,971 | +3.8% |
| Equity | 10/15 | €1,201,964 | €1,243,364 | +€41,399 | +3.4% |
| Contributions | 10/11 | €61,526 | €61,526 | = | 0.0% |
| Capital | 10 | €61,526 | €61,526 | = | 0.0% |
| Issued capital | 100 | €61,526 | €61,526 | = | 0.0% |
| Reserves | 13 | €1,140,439 | €1,181,838 | +€41,399 | +3.6% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Legal reserve | 130 | €6,817 | €6,817 | = | 0.0% |
| Distributable reserves | 133 | €1,133,621 | €1,175,021 | +€41,399 | +3.7% |
| Amounts payable | 17/49 | €10,289 | €14,861 | +€4,572 | +44.4% |
| Amounts payable within one year | 42/48 | €7,505 | €12,022 | +€4,517 | +60.2% |
| Trade debts | 44 | €775 | €720 | -€56 | -7.2% |
| Suppliers | 440/4 | €775 | €720 | -€56 | -7.2% |
| Taxes, remuneration and social security | 45 | €730 | €5,302 | +€4,573 | +626.8% |
| Taxes | 450/3 | €730 | €302 | -€427 | -58.6% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €6,000 | €6,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,784 | €2,839 | +€55 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,213 | €23,963 | -€250 | -1.0% |
| Other operating charges | 640/8 | €10,067 | €10,316 | +€249 | +2.5% |
| Non-recurring operating charges | 66A | - | €12,990 | +€12,990 | |
| Gross operating margin | 9900 | €127,112 | €99,337 | -€27,776 | -21.9% |
| Operating profit (loss) | 9901 | €92,832 | €52,067 | -€40,765 | -43.9% |
| Financial income | 75/76B | €9,348 | €5,174 | -€4,174 | -44.7% |
| Recurring financial income | 75 | €9,348 | €5,174 | -€4,174 | -44.7% |
| Financial charges | 65/66B | €1,293 | €146 | -€1,147 | -88.7% |
| Recurring financial charges | 65 | €1,293 | €146 | -€1,147 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | €100,888 | €57,095 | -€43,793 | -43.4% |
| Income taxes | 67/77 | €26,356 | €15,696 | -€10,661 | -40.4% |
| Profit (loss) for the period | 9904 | €74,532 | €41,399 | -€33,132 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,532 | €41,399 | -€33,132 | -44.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.