EUROVER: 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.
EUROVER
Largest movements
- Cash +€440,218
up €440,218 (+33.1%), from €1.3m to €1.8m
mainly Net result for the year (+€748,308) and Depreciation (+€380,434)
- Current investments +€352,633
new in 2025: €352,633
- Receivables within one year -€261,060
down €261,060 (-30.9%), from €843,826 to €582,766
of which Trade receivables: -€136,995
- Stocks and contracts +€157,178
up €157,178 (+32.0%), from €491,852 to €649,030
- Tangible fixed assets -€130,460
down €130,460 (-10.9%), from €1.2m to €1.1m
of which Leasing and similar rights: -€153,143
- Profit (loss) carried forward +€733,308
up €733,308 (+38.5%), from €1.9m to €2.6m
- Accrued charges and deferred income +€123,305
up €123,305 (+7,348%), from €1,678 to €124,983
- Other debts -€115,000
down €115,000 (-88.5%), from €130,000 to €15,000
- Debts after one year -€99,680
down €99,680 (-44.6%), from €223,655 to €123,975
- Current portion of long-term debt -€93,559
down €93,559 (-34.9%), from €268,175 to €174,616
- Gross operating margin +€155,444
up €155,444 (+5.0%), from €3.1m to €3.2m
- Staff costs -€44,296
down €44,296 (-2.4%), from €1.8m to €1.8m
- Other operating charges +€42,114
up €42,114 (+405%), from €10,410 to €52,524
- Taxes +€36,707
up €36,707 (+17.4%), from €211,494 to €248,202
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 | €3,956,050 | €4,521,427 | +€565,377 | +14.3% |
| Fixed assets | 21/28 | €1,201,324 | €1,070,505 | -€130,818 | -10.9% |
| Intangible fixed assets | 21 | €506 | €147 | -€358 | -70.9% |
| Tangible fixed assets | 22/27 | €1,200,818 | €1,070,358 | -€130,460 | -10.9% |
| Plant, machinery and equipment | 23 | €602,151 | €650,862 | +€48,711 | +8.1% |
| Furniture and vehicles | 24 | €295,345 | €269,317 | -€26,028 | -8.8% |
| Leasing and similar rights | 25 | €303,322 | €150,179 | -€153,143 | -50.5% |
| Current assets | 29/58 | €2,754,727 | €3,450,922 | +€696,195 | +25.3% |
| Stocks and contracts in progress | 3 | €491,852 | €649,030 | +€157,178 | +32.0% |
| Stocks | 30/36 | €491,852 | €649,030 | +€157,178 | +32.0% |
| Amounts receivable within one year | 40/41 | €843,826 | €582,766 | -€261,060 | -30.9% |
| Trade receivables | 40 | €696,195 | €559,201 | -€136,995 | -19.7% |
| Other amounts receivable | 41 | €147,630 | €23,565 | -€124,065 | -84.0% |
| Current investments | 50/53 | - | €352,633 | +€352,633 | |
| Cash at bank and in hand | 54/58 | €1,331,293 | €1,771,511 | +€440,218 | +33.1% |
| Deferred charges and accrued income | 490/1 | €87,756 | €94,982 | +€7,225 | +8.2% |
| Total equity and liabilities | 10/49 | €3,956,050 | €4,521,427 | +€565,377 | +14.3% |
| Equity | 10/15 | €2,789,313 | €3,522,621 | +€733,308 | +26.3% |
| Contributions | 10/11 | €339,448 | €339,448 | = | 0.0% |
| Capital | 10 | €339,448 | €339,448 | = | 0.0% |
| Issued capital | 100 | €339,448 | €339,448 | = | 0.0% |
| Reserves | 13 | €545,178 | €545,178 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,945 | €33,945 | = | 0.0% |
| Legal reserve | 130 | €33,945 | €33,945 | = | 0.0% |
| Tax-exempt reserves | 132 | €149,444 | €149,444 | = | 0.0% |
| Distributable reserves | 133 | €361,789 | €361,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,904,687 | €2,637,995 | +€733,308 | +38.5% |
| Provisions and deferred taxes | 16 | €105,000 | €105,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €105,000 | €105,000 | = | 0.0% |
| Environmental obligations | 163 | €105,000 | €105,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,061,737 | €893,806 | -€167,932 | -15.8% |
| Amounts payable after more than one year | 17 | €223,655 | €123,975 | -€99,680 | -44.6% |
| Financial debts | 170/4 | €223,655 | €123,975 | -€99,680 | -44.6% |
| Amounts payable within one year | 42/48 | €836,404 | €644,848 | -€191,556 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €268,175 | €174,616 | -€93,559 | -34.9% |
| Trade debts | 44 | €145,830 | €148,581 | +€2,751 | +1.9% |
| Suppliers | 440/4 | €145,830 | €148,581 | +€2,751 | +1.9% |
| Taxes, remuneration and social security | 45 | €292,398 | €306,651 | +€14,253 | +4.9% |
| Taxes | 450/3 | €127,206 | €70,644 | -€56,562 | -44.5% |
| Remuneration and social security | 454/9 | €165,192 | €236,007 | +€70,815 | +42.9% |
| Other amounts payable | 47/48 | €130,000 | €15,000 | -€115,000 | -88.5% |
| Accrued charges and deferred income | 492/3 | €1,678 | €124,983 | +€123,305 | +7,348% |
| Non-recurring operating income | 76A | - | €16,595 | +€16,595 | |
| Remuneration, social security and pensions | 62 | €1,846,206 | €1,801,910 | -€44,296 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375,563 | €380,434 | +€4,871 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,080 | €3,313 | -€5,767 | -63.5% |
| Other operating charges | 640/8 | €10,410 | €52,524 | +€42,114 | +405% |
| Gross operating margin | 9900 | €3,082,035 | €3,237,479 | +€155,444 | +5.0% |
| Operating profit (loss) | 9901 | €840,776 | €999,299 | +€158,523 | +18.9% |
| Financial income | 75/76B | €31,837 | €39,267 | +€7,430 | +23.3% |
| Recurring financial income | 75 | €31,837 | €39,267 | +€7,430 | +23.3% |
| Financial charges | 65/66B | €45,684 | €42,056 | -€3,628 | -7.9% |
| Recurring financial charges | 65 | €45,684 | €42,056 | -€3,628 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €826,929 | €996,510 | +€169,581 | +20.5% |
| Income taxes | 67/77 | €211,494 | €248,202 | +€36,707 | +17.4% |
| Profit (loss) for the period | 9904 | €615,434 | €748,308 | +€132,874 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €615,434 | €748,308 | +€132,874 | +21.6% |
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 31 October 2026 via checked.be.