EUROTIP: 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.
EUROTIP
Largest movements
- Cash -€384,650
down €384,650 (-29.8%), from €1.3m to €905,026
mainly Other debts (-€807,674) and Provisions (-€449,058)
- Stocks and contracts -€312,401
down €312,401 (-19.7%), from €1.6m to €1.3m
- Receivables within one year -€270,283
down €270,283 (-28.8%), from €939,965 to €669,682
of which Trade receivables: -€236,470
- Tangible fixed assets -€102,787
down €102,787 (-37.5%), from €274,438 to €171,651
of which Other tangible fixed assets: -€59,784
- Other debts -€807,674
down €807,674 (-76.5%), from €1.1m to €247,936
- Provisions -€449,058
down €449,058 (-100%), from €449,058 to €0
- Tax, wage and social debts +€409,417
up €409,417 (+222%), from €184,109 to €593,526
of which Remuneration and social security: +€432,475
- Profit (loss) carried forward -€290,995
down €290,995 (-22.6%), from €1.3m to €994,805
- Trade debts +€69,890
up €69,890 (+16.9%), from €412,990 to €482,880
- Gross operating margin -€551,129
down €551,129 (-36.2%), from €1.5m to €970,518
- Taxes -€81,882
down €81,882 (-98.8%), from €82,900 to €1,018
- Staff costs +€48,867
up €48,867 (+4.8%), from €1.0m to €1.1m
- Financial charges -€38,142
down €38,142 (-49.6%), from €76,974 to €38,832
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 | €4,347,740 | €3,279,319 | -€1.1m | -24.6% |
| Fixed assets | 21/28 | €508,436 | €405,649 | -€102,787 | -20.2% |
| Tangible fixed assets | 22/27 | €274,438 | €171,651 | -€102,787 | -37.5% |
| Plant, machinery and equipment | 23 | €78,160 | €50,145 | -€28,016 | -35.8% |
| Furniture and vehicles | 24 | €19,790 | €17,145 | -€2,646 | -13.4% |
| Leasing and similar rights | 25 | €74,051 | €61,709 | -€12,342 | -16.7% |
| Other tangible fixed assets | 26 | €102,436 | €42,652 | -€59,784 | -58.4% |
| Financial fixed assets | 28 | €233,998 | €233,998 | = | 0.0% |
| Current assets | 29/58 | €3,839,304 | €2,873,671 | -€965,633 | -25.2% |
| Stocks and contracts in progress | 3 | €1,586,842 | €1,274,441 | -€312,401 | -19.7% |
| Stocks | 30/36 | €1,586,842 | €1,274,441 | -€312,401 | -19.7% |
| Amounts receivable within one year | 40/41 | €939,965 | €669,682 | -€270,283 | -28.8% |
| Trade receivables | 40 | €866,704 | €630,233 | -€236,470 | -27.3% |
| Other amounts receivable | 41 | €73,262 | €39,449 | -€33,813 | -46.2% |
| Cash at bank and in hand | 54/58 | €1,289,676 | €905,026 | -€384,650 | -29.8% |
| Deferred charges and accrued income | 490/1 | €22,820 | €24,521 | +€1,701 | +7.5% |
| Total equity and liabilities | 10/49 | €4,347,740 | €3,279,319 | -€1.1m | -24.6% |
| Equity | 10/15 | €2,245,973 | €1,954,978 | -€290,995 | -13.0% |
| Contributions | 10/11 | €245,662 | €245,662 | = | 0.0% |
| Capital | 10 | €245,662 | €245,662 | = | 0.0% |
| Issued capital | 100 | €245,662 | €245,662 | = | 0.0% |
| Reserves | 13 | €714,510 | €714,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,566 | €24,566 | = | 0.0% |
| Legal reserve | 130 | €24,566 | €24,566 | = | 0.0% |
| Tax-exempt reserves | 132 | €442,050 | €442,050 | = | 0.0% |
| Distributable reserves | 133 | €247,894 | €247,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,285,800 | €994,805 | -€290,995 | -22.6% |
| Provisions and deferred taxes | 16 | €449,058 | €0 | -€449,058 | -100% |
| Provisions for liabilities and charges | 160/5 | €449,058 | €0 | -€449,058 | -100% |
| Other liabilities and charges | 164/5 | €449,058 | €0 | -€449,058 | -100% |
| Amounts payable | 17/49 | €1,652,710 | €1,324,342 | -€328,368 | -19.9% |
| Amounts payable within one year | 42/48 | €1,652,710 | €1,324,342 | -€328,368 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €412,990 | €482,880 | +€69,890 | +16.9% |
| Suppliers | 440/4 | €412,990 | €482,880 | +€69,890 | +16.9% |
| Taxes, remuneration and social security | 45 | €184,109 | €593,526 | +€409,417 | +222% |
| Taxes | 450/3 | €41,552 | €18,494 | -€23,058 | -55.5% |
| Remuneration and social security | 454/9 | €142,558 | €575,032 | +€432,475 | +303% |
| Other amounts payable | 47/48 | €1,055,610 | €247,936 | -€807,674 | -76.5% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €1,025,816 | €1,074,682 | +€48,867 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,884 | €106,617 | -€8,267 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,119 | €27,811 | +€13,692 | +97.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €28,648 | €21,312 | -€7,336 | -25.6% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €1,521,647 | €970,518 | -€551,129 | -36.2% |
| Operating profit (loss) | 9901 | €338,181 | -€259,905 | -€598,085 | |
| Financial income | 75/76B | €1,333 | €8,759 | +€7,427 | +557% |
| Recurring financial income | 75 | €1,333 | €8,759 | +€7,427 | +557% |
| Financial charges | 65/66B | €76,974 | €38,832 | -€38,142 | -49.6% |
| Recurring financial charges | 65 | €76,974 | €38,832 | -€38,142 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €262,540 | -€289,977 | -€552,517 | |
| Income taxes | 67/77 | €82,900 | €1,018 | -€81,882 | -98.8% |
| Profit (loss) for the period | 9904 | €179,640 | -€290,995 | -€470,634 | |
| Transfer to tax-exempt reserves | 689 | €84,200 | - | -€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,440 | -€290,995 | -€386,434 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.