EUROTERMINAL: 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
EUROTERMINAL
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€27,121
2024 · €50,533-€23,413
Equity
€4.6m
2024 · €4.6m+€27,121
Cash
€106,269
2024 · €70,617+€35,652
Balance sheet total
€7.3m
2024 · €7.5m-€165,357
Largest movements
Assets
- Receivables after one year +€606,145
up €606,145 (+592%), from €102,428 to €708,573
- Financial fixed assets -€515,651
down €515,651 (-86.0%), from €599,689 to €84,038
of which Affiliated companies: -€515,651
- Tangible fixed assets -€269,279
down €269,279 (-6.6%), from €4.1m to €3.8m
of which Land and buildings: -€149,015
Equity and liabilities
- Short-term financial debts +€445,178
up €445,178 (+209%), from €212,876 to €658,054
- Debts after one year -€300,669
down €300,669 (-75.8%), from €396,643 to €95,974
of which Financial debts: -€300,669
- Tax, wage and social debts -€194,334
down €194,334 (-38.6%), from €503,958 to €309,624
of which Remuneration and social security: -€105,850
- Current portion of long-term debt -€95,440
down €95,440 (-24.1%), from €396,109 to €300,669
Income statement
- Turnover -€2.4m
down €2.4m (-15.8%), from €15.5m to €13.0m
- Goods and materials -€1.2m
down €1.2m (-14.1%), from €8.5m to €7.3m
of which Purchases: -€1.2m
- Services and other goods -€588,970
down €588,970 (-25.5%), from €2.3m to €1.7m
- Staff costs -€576,041
down €576,041 (-14.8%), from €3.9m to €3.3m
- Write-downs -€215,359
down €215,359, from €214,697 to -€662
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.
Result 2024
€50,533
Turnover
-€2.4m
Other operating income
-€54,857
Goods and materials
+€1.2m
Services and other goods
+€588,970
Staff costs
+€576,041
Depreciation
+€46,746
Write-downs
+€215,359
Provisions
-€583
Other operating charges
-€44,316
Other operating items
-€41,037
Financial income
-€10,207
Financial charges
-€5,971
Taxes
-€47,665
Deferred taxes and other
-€857
Result 2025
€27,121
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€404,592
Investment
+€391,175
Financing
+€49,069
Cash 2024
€70,617
From operations (derived)
-€404,592
Net result for the year
+€27,121
Depreciation
+€365,281
Receivables after one year
-€606,145
Receivables within one year
+€61,336
Deferred charges and accrued income
-€10,638
Trade debts
-€46,822
Tax, wage and social debts
-€194,334
Smaller working-capital items
-€391
Investment (derived)
+€391,175
Investment in fixed assets (net)
+€391,175
Financing
+€49,069
Debts after one year
-€300,669
Current portion of long-term debt
-€95,440
Short-term financial debts
+€445,178
Cash 2025
€106,269
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,454,007 | €7,288,649 | -€165,357 | -2.2% |
| Fixed assets | 21/28 | €4,731,400 | €3,974,944 | -€756,456 | -16.0% |
| Intangible fixed assets | 21 | €35,164 | €63,638 | +€28,474 | +81.0% |
| Tangible fixed assets | 22/27 | €4,096,547 | €3,827,268 | -€269,279 | -6.6% |
| Land and buildings | 22 | €3,339,219 | €3,190,205 | -€149,015 | -4.5% |
| Plant, machinery and equipment | 23 | €393,631 | €328,786 | -€64,845 | -16.5% |
| Furniture and vehicles | 24 | €97,045 | €41,626 | -€55,419 | -57.1% |
| Assets under construction and advance payments | 27 | €266,652 | €266,652 | = | 0.0% |
| Financial fixed assets | 28 | €599,689 | €84,038 | -€515,651 | -86.0% |
| Affiliated companies | 280/1 | €585,651 | €70,000 | -€515,651 | -88.0% |
| Participating interests | 280 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable | 281 | €515,651 | - | -€515,651 | |
| Other financial fixed assets | 284/8 | €14,038 | €14,038 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €14,038 | €14,038 | = | 0.0% |
| Current assets | 29/58 | €2,722,607 | €3,313,705 | +€591,098 | +21.7% |
| Amounts receivable after more than one year | 29 | €102,428 | €708,573 | +€606,145 | +592% |
| Other amounts receivable | 291 | €102,428 | €708,573 | +€606,145 | +592% |
| Stocks and contracts in progress | 3 | €70,741 | €70,741 | = | 0.0% |
| Stocks | 30/36 | €70,741 | €70,741 | = | 0.0% |
| Goods purchased for resale | 34 | €70,741 | €70,741 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,395,010 | €2,333,674 | -€61,336 | -2.6% |
| Trade receivables | 40 | €2,119,970 | €2,084,077 | -€35,893 | -1.7% |
| Other amounts receivable | 41 | €275,040 | €249,597 | -€25,443 | -9.3% |
| Cash at bank and in hand | 54/58 | €70,617 | €106,269 | +€35,652 | +50.5% |
| Deferred charges and accrued income | 490/1 | €83,811 | €94,449 | +€10,638 | +12.7% |
| Total equity and liabilities | 10/49 | €7,454,007 | €7,288,649 | -€165,357 | -2.2% |
| Equity | 10/15 | €4,612,648 | €4,639,769 | +€27,121 | +0.6% |
| Contributions | 10/11 | €2,487,500 | €2,487,500 | = | 0.0% |
| Capital | 10 | €2,487,500 | €2,487,500 | = | 0.0% |
| Issued capital | 100 | €2,487,500 | €2,487,500 | = | 0.0% |
| Reserves | 13 | €1,798,070 | €1,825,191 | +€27,121 | +1.5% |
| Non-distributable reserves | 130/1 | €169,914 | €171,314 | +€1,400 | +0.8% |
| Legal reserve | 130 | €169,914 | €171,314 | +€1,400 | +0.8% |
| Distributable reserves | 133 | €1,628,156 | €1,653,877 | +€25,721 | +1.6% |
| Investment grants | 15 | €327,078 | €327,078 | = | 0.0% |
| Provisions and deferred taxes | 16 | €109,026 | €109,026 | = | 0.0% |
| Deferred taxes | 168 | €109,026 | €109,026 | = | 0.0% |
| Amounts payable | 17/49 | €2,732,332 | €2,539,854 | -€192,478 | -7.0% |
| Amounts payable after more than one year | 17 | €396,643 | €95,974 | -€300,669 | -75.8% |
| Financial debts | 170/4 | €393,643 | €92,974 | -€300,669 | -76.4% |
| Credit institutions | 173 | €393,643 | €92,974 | -€300,669 | -76.4% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,335,446 | €2,443,655 | +€108,209 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €396,109 | €300,669 | -€95,440 | -24.1% |
| Financial debts | 43 | €212,876 | €658,054 | +€445,178 | +209% |
| Credit institutions | 430/8 | €212,876 | €658,054 | +€445,178 | +209% |
| Trade debts | 44 | €1,222,129 | €1,175,308 | -€46,822 | -3.8% |
| Suppliers | 440/4 | €1,222,129 | €1,175,308 | -€46,822 | -3.8% |
| Advances received on contracts in progress | 46 | €373 | - | -€373 | |
| Taxes, remuneration and social security | 45 | €503,958 | €309,624 | -€194,334 | -38.6% |
| Taxes | 450/3 | €89,194 | €710 | -€88,484 | -99.2% |
| Remuneration and social security | 454/9 | €414,764 | €308,914 | -€105,850 | -25.5% |
| Accrued charges and deferred income | 492/3 | €243 | €225 | -€18 | -7.3% |
| Operating income | 70/76A | €15,675,740 | €13,069,790 | -€2.6m | -16.6% |
| Turnover | 70 | €15,472,858 | €13,031,740 | -€2.4m | -15.8% |
| Other operating income | 74 | €85,014 | €30,157 | -€54,857 | -64.5% |
| Non-recurring operating income | 76A | €117,868 | €7,893 | -€109,975 | -93.3% |
| Operating charges | 60/66A | €15,725,485 | €13,078,248 | -€2.6m | -16.8% |
| Goods for resale, raw materials and consumables | 60 | €8,496,903 | €7,300,820 | -€1.2m | -14.1% |
| Purchases | 600/8 | €8,496,228 | €7,300,820 | -€1.2m | -14.1% |
| Change in stocks: decrease (increase) | 609 | €675 | - | -€675 | |
| Services and other goods | 61 | €2,308,856 | €1,719,886 | -€588,970 | -25.5% |
| Remuneration, social security and pensions | 62 | €3,896,557 | €3,320,516 | -€576,041 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412,027 | €365,281 | -€46,746 | -11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €214,697 | -€662 | -€215,359 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€583 | - | +€583 | |
| Other operating charges | 640/8 | €242,106 | €286,422 | +€44,316 | +18.3% |
| Non-recurring operating charges | 66A | €154,923 | €85,985 | -€68,938 | -44.5% |
| Operating profit (loss) | 9901 | -€49,745 | -€8,458 | +€41,287 | +83.0% |
| Financial income | 75/76B | €181,934 | €171,726 | -€10,207 | -5.6% |
| Recurring financial income | 75 | €180,284 | €171,645 | -€8,640 | -4.8% |
| Income from financial fixed assets | 750 | €175,000 | €168,000 | -€7,000 | -4.0% |
| Other financial income | 752/9 | €5,284 | €3,645 | -€1,640 | -31.0% |
| Non-recurring financial income | 76B | €1,649 | €81 | -€1,568 | -95.1% |
| Financial charges | 65/66B | €80,765 | €86,735 | +€5,971 | +7.4% |
| Recurring financial charges | 65 | €80,765 | €86,492 | +€5,727 | +7.1% |
| Debt charges | 650 | €42,178 | €38,708 | -€3,470 | -8.2% |
| Other financial charges | 652/9 | €38,587 | €47,784 | +€9,197 | +23.8% |
| Non-recurring financial charges | 66B | - | €243 | +€243 | |
| Profit (loss) for the period before taxes | 9903 | €51,424 | €76,533 | +€25,109 | +48.8% |
| Transfer from deferred taxes | 780 | €857 | - | -€857 | |
| Income taxes | 67/77 | €1,748 | €49,413 | +€47,665 | +2,727% |
| Taxes | 670/3 | €1,827 | €49,413 | +€47,585 | +2,604% |
| Tax adjustments and reversals of tax provisions | 77 | €80 | - | -€80 | |
| Profit (loss) for the period | 9904 | €50,533 | €27,121 | -€23,413 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,533 | €27,121 | -€23,413 | -46.3% |
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 27 October 2026 via checked.be.