EUROVENSTER: what changed
EUROVENSTER
Largest movements
- Receivables within one year +€50,502
up €50,502 (+237%), from €21,317 to €71,819
of which Other amounts receivable: +€44,265
- Cash +€15,207
up €15,207 (+283%), from €5,375 to €20,582
mainly Trade debts (+€39,439) and Net result for the year (+€9,636)
- Tangible fixed assets -€3,175
down €3,175 (-18.9%), from €16,811 to €13,636
of which Other tangible fixed assets: -€1,618
- Trade debts +€39,439
up €39,439 (+719%), from €5,485 to €44,924
- Reserves +€9,636
up €9,636 (+243%), from €3,967 to €13,603
- Other debts -€9,243
down €9,243 (-64.9%), from €14,243 to €5,000
- Current portion of long-term debt +€8,033
up €8,033 (+32.1%), from €25,000 to €33,033
- Advances received +€5,792
new in 2025: €5,792
- Gross operating margin +€7,247
up €7,247 (+53.4%), from €13,562 to €20,809
- Financial charges +€3,088
up €3,088 (+455%), from €679 to €3,767
- Taxes +€2,444
up €2,444 (+304%), from €804 to €3,248
- Depreciation +€2,003
up €2,003 (+171%), from €1,172 to €3,175
- Financial income +€939
up €939 (+3,411%), from €28 to €967
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,498 | €113,679 | +€62,180 | +121% |
| Fixed assets | 21/28 | €22,511 | €19,336 | -€3,175 | -14.1% |
| Tangible fixed assets | 22/27 | €16,811 | €13,636 | -€3,175 | -18.9% |
| Plant, machinery and equipment | 23 | €6,812 | €5,990 | -€821 | -12.1% |
| Furniture and vehicles | 24 | €2,442 | €1,706 | -€736 | -30.1% |
| Other tangible fixed assets | 26 | €7,558 | €5,940 | -€1,618 | -21.4% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €28,987 | €94,343 | +€65,356 | +225% |
| Amounts receivable within one year | 40/41 | €21,317 | €71,819 | +€50,502 | +237% |
| Trade receivables | 40 | €15,550 | €21,787 | +€6,237 | +40.1% |
| Other amounts receivable | 41 | €5,768 | €50,033 | +€44,265 | +767% |
| Cash at bank and in hand | 54/58 | €5,375 | €20,582 | +€15,207 | +283% |
| Deferred charges and accrued income | 490/1 | €2,295 | €1,942 | -€354 | -15.4% |
| Total equity and liabilities | 10/49 | €51,498 | €113,679 | +€62,180 | +121% |
| Equity | 10/15 | €5,967 | €15,603 | +€9,636 | +161% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,967 | €13,603 | +€9,636 | +243% |
| Distributable reserves | 133 | €3,967 | €13,603 | +€9,636 | +243% |
| Amounts payable | 17/49 | €45,531 | €98,076 | +€52,545 | +115% |
| Amounts payable after more than one year | 17 | - | €5,663 | +€5,663 | |
| Financial debts | 170/4 | - | €5,663 | +€5,663 | |
| Amounts payable within one year | 42/48 | €45,531 | €92,413 | +€46,882 | +103% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €33,033 | +€8,033 | +32.1% |
| Trade debts | 44 | €5,485 | €44,924 | +€39,439 | +719% |
| Suppliers | 440/4 | €5,485 | €44,924 | +€39,439 | +719% |
| Advances received on contracts in progress | 46 | - | €5,792 | +€5,792 | |
| Taxes, remuneration and social security | 45 | €804 | €3,664 | +€2,861 | +356% |
| Taxes | 450/3 | €804 | €3,664 | +€2,861 | +356% |
| Other amounts payable | 47/48 | €14,243 | €5,000 | -€9,243 | -64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,172 | €3,175 | +€2,003 | +171% |
| Other operating charges | 640/8 | €1,288 | €1,950 | +€662 | +51.4% |
| Non-recurring operating charges | 66A | €5,680 | €0 | -€5,680 | -100% |
| Gross operating margin | 9900 | €13,562 | €20,809 | +€7,247 | +53.4% |
| Operating profit (loss) | 9901 | €5,422 | €15,684 | +€10,262 | +189% |
| Financial income | 75/76B | €28 | €967 | +€939 | +3,411% |
| Recurring financial income | 75 | €28 | €967 | +€939 | +3,411% |
| Financial charges | 65/66B | €679 | €3,767 | +€3,088 | +455% |
| Recurring financial charges | 65 | €679 | €3,767 | +€3,088 | +455% |
| Profit (loss) for the period before taxes | 9903 | €4,770 | €12,884 | +€8,113 | +170% |
| Income taxes | 67/77 | €804 | €3,248 | +€2,444 | +304% |
| Profit (loss) for the period | 9904 | €3,967 | €9,636 | +€5,669 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €3,967 | €9,636 | +€5,669 | +143% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.