EUROVAST: 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.
EUROVAST
Largest movements
- Cash +€457,560
up €457,560 (+3,279%), from €13,955 to €471,515
mainly Net result for the year (+€323,864) and Receivables within one year (+€226,229)
- Receivables within one year -€226,229
down €226,229 (-22.4%), from €1.0m to €785,873
of which Other amounts receivable: -€232,078
- Current investments +€105,000
up €105,000 (+9.9%), from €1.1m to €1.2m
- Tangible fixed assets -€77,102
down €77,102 (-13.5%), from €571,818 to €494,716
- Reserves +€323,864
up €323,864 (+13.1%), from €2.5m to €2.8m
of which Distributable reserves: +€323,864
- Trade debts -€29,736
down €29,736 (-94.4%), from €31,487 to €1,751
- Taxes -€23,326
down €23,326 (-19.0%), from €122,718 to €99,392
- Depreciation -€22,197
down €22,197 (-22.0%), from €100,834 to €78,637
- Financial income -€21,745
down €21,745 (-30.3%), from €71,715 to €49,970
- Gross operating margin +€20,743
up €20,743 (+4.4%), from €470,369 to €491,112
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 | €2,657,875 | €2,937,104 | +€279,229 | +10.5% |
| Fixed assets | 21/28 | €571,818 | €494,716 | -€77,102 | -13.5% |
| Tangible fixed assets | 22/27 | €571,818 | €494,716 | -€77,102 | -13.5% |
| Land and buildings | 22 | €571,818 | €494,716 | -€77,102 | -13.5% |
| Current assets | 29/58 | €2,086,057 | €2,442,388 | +€356,331 | +17.1% |
| Amounts receivable within one year | 40/41 | €1,012,102 | €785,873 | -€226,229 | -22.4% |
| Trade receivables | 40 | €31,683 | €37,532 | +€5,849 | +18.5% |
| Other amounts receivable | 41 | €980,419 | €748,341 | -€232,078 | -23.7% |
| Current investments | 50/53 | €1,060,000 | €1,165,000 | +€105,000 | +9.9% |
| Cash at bank and in hand | 54/58 | €13,955 | €471,515 | +€457,560 | +3,279% |
| Deferred charges and accrued income | 490/1 | - | €20,000 | +€20,000 | |
| Total equity and liabilities | 10/49 | €2,657,875 | €2,937,104 | +€279,229 | +10.5% |
| Equity | 10/15 | €2,540,801 | €2,864,665 | +€323,864 | +12.7% |
| Contributions | 10/11 | €64,080 | €64,080 | = | 0.0% |
| Capital | 10 | €64,080 | €64,080 | = | 0.0% |
| Issued capital | 100 | €64,080 | €64,080 | = | 0.0% |
| Reserves | 13 | €2,476,721 | €2,800,585 | +€323,864 | +13.1% |
| Non-distributable reserves | 130/1 | €10,035 | €10,035 | = | 0.0% |
| Legal reserve | 130 | €10,035 | €10,035 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,899 | €90,899 | = | 0.0% |
| Distributable reserves | 133 | €2,375,787 | €2,699,651 | +€323,864 | +13.6% |
| Amounts payable | 17/49 | €117,074 | €72,439 | -€44,635 | -38.1% |
| Amounts payable within one year | 42/48 | €79,840 | €32,808 | -€47,032 | -58.9% |
| Trade debts | 44 | €31,487 | €1,751 | -€29,736 | -94.4% |
| Suppliers | 440/4 | €31,487 | €1,751 | -€29,736 | -94.4% |
| Taxes, remuneration and social security | 45 | €48,353 | €20,260 | -€28,093 | -58.1% |
| Taxes | 450/3 | €48,353 | €20,260 | -€28,093 | -58.1% |
| Other amounts payable | 47/48 | - | €10,797 | +€10,797 | |
| Accrued charges and deferred income | 492/3 | €37,234 | €39,631 | +€2,397 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,834 | €78,637 | -€22,197 | -22.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,407 | - | -€2,407 | |
| Other operating charges | 640/8 | €37,929 | €38,992 | +€1,063 | +2.8% |
| Gross operating margin | 9900 | €470,369 | €491,112 | +€20,743 | +4.4% |
| Operating profit (loss) | 9901 | €329,199 | €373,483 | +€44,284 | +13.5% |
| Financial income | 75/76B | €71,715 | €49,970 | -€21,745 | -30.3% |
| Recurring financial income | 75 | €71,715 | €49,970 | -€21,745 | -30.3% |
| Financial charges | 65/66B | €943 | €197 | -€746 | -79.1% |
| Recurring financial charges | 65 | €943 | €197 | -€746 | -79.1% |
| Profit (loss) for the period before taxes | 9903 | €399,971 | €423,256 | +€23,285 | +5.8% |
| Income taxes | 67/77 | €122,718 | €99,392 | -€23,326 | -19.0% |
| Profit (loss) for the period | 9904 | €277,253 | €323,864 | +€46,611 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €277,253 | €323,864 | +€46,611 | +16.8% |
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 27 October 2026 via checked.be.