EUROVER: what changed
What changed
EUROVER
NACE 38.210, Materials recovery from waste
filed annual accounts (NBB)
Net result for the year
€4.3m
2024 · €4.8m-€480,886
Equity
€41.3m
2024 · €40.0m+€1.3m
Cash
€412,836
2024 · €1.3m-€932,603
Balance sheet total
€43.2m
2024 · €41.1m+€2.2m
Largest movements
Assets
- Current investments +€2.5m
up €2.5m (+13.2%), from €18.7m to €21.2m
- Cash -€932,603
down €932,603 (-69.3%), from €1.3m to €412,836
mainly Contributions, distributions and other (-€3.0m) and Current investments (-€2.5m)
- Tangible fixed assets -€718,302
down €718,302 (-8.5%), from €8.4m to €7.7m
- Stocks and contracts +€523,820
up €523,820 (+132%), from €397,636 to €921,455
Equity and liabilities
- Reserves +€4.3m
up €4.3m (+19.1%), from €22.6m to €26.9m
of which Distributable reserves: +€4.3m
- Contributions -€3.0m
down €3.0m (-17.5%), from €17.2m to €14.2m
- Other debts +€1.5m
up €1.5m (+4,408%), from €33,973 to €1.5m
- Tax, wage and social debts -€461,079
down €461,079 (-62.0%), from €743,221 to €282,142
of which Taxes: -€466,827
Income statement
- Financial income -€356,347
down €356,347 (-16.2%), from €2.2m to €1.8m
- Gross operating margin -€234,477
down €234,477 (-3.9%), from €6.0m to €5.8m
- Taxes -€197,838
down €197,838 (-9.0%), from €2.2m to €2.0m
- Depreciation +€68,109
up €68,109 (+7.9%), from €861,328 to €929,438
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.
Result 2024
€4.8m
Gross operating margin
-€234,477
Staff costs
-€12,825
Depreciation
-€68,109
Other operating charges
-€9,988
Financial income
-€356,347
Financial charges
+€3,022
Taxes
+€197,838
Result 2025
€4.3m
raises the resultlowers the result
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.
From operations
+€5.2m
Investment
-€3.1m
Financing
-€3.0m
Cash 2024
€1.3m
From operations (derived)
+€5.2m
Net result for the year
+€4.3m
Depreciation
+€929,438
Stocks and contracts
-€523,820
Receivables within one year
-€402,499
Deferred charges and accrued income
+€19,064
Smaller working-capital items
-€16,858
Trade debts
-€121,051
Tax, wage and social debts
-€461,079
Other debts
+€1.5m
Investment (derived)
-€3.1m
Investment in fixed assets (net)
-€641,136
Current investments
-€2.5m
Financing
-€3.0m
Contributions, distributions and other
-€3.0m
Cash 2025
€412,836
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,087,523 | €43,248,670 | +€2.2m | +5.3% |
| Fixed assets | 21/28 | €19,316,769 | €19,028,467 | -€288,302 | -1.5% |
| Tangible fixed assets | 22/27 | €8,423,345 | €7,705,043 | -€718,302 | -8.5% |
| Land and buildings | 22 | €3,161,362 | €2,930,629 | -€230,732 | -7.3% |
| Plant, machinery and equipment | 23 | €1,418,549 | €1,095,302 | -€323,247 | -22.8% |
| Furniture and vehicles | 24 | €109,969 | €72,098 | -€37,871 | -34.4% |
| Other tangible fixed assets | 26 | €3,733,465 | €3,607,014 | -€126,451 | -3.4% |
| Financial fixed assets | 28 | €10,893,424 | €11,323,424 | +€430,000 | +3.9% |
| Current assets | 29/58 | €21,770,754 | €24,220,202 | +€2.4m | +11.3% |
| Stocks and contracts in progress | 3 | €397,636 | €921,455 | +€523,820 | +132% |
| Stocks | 30/36 | €397,636 | €921,455 | +€523,820 | +132% |
| Amounts receivable within one year | 40/41 | €1,229,674 | €1,632,173 | +€402,499 | +32.7% |
| Trade receivables | 40 | €1,190,376 | €1,608,981 | +€418,605 | +35.2% |
| Other amounts receivable | 41 | €39,298 | €23,192 | -€16,106 | -41.0% |
| Current investments | 50/53 | €18,743,326 | €21,218,122 | +€2.5m | +13.2% |
| Cash at bank and in hand | 54/58 | €1,345,439 | €412,836 | -€932,603 | -69.3% |
| Deferred charges and accrued income | 490/1 | €54,679 | €35,615 | -€19,064 | -34.9% |
| Total equity and liabilities | 10/49 | €41,087,523 | €43,248,670 | +€2.2m | +5.3% |
| Equity | 10/15 | €40,025,723 | €41,288,355 | +€1.3m | +3.2% |
| Contributions | 10/11 | €17,190,000 | €14,190,000 | -€3.0m | -17.5% |
| Contributions outside capital | 11 | €17,190,000 | €14,190,000 | -€3.0m | -17.5% |
| Other | 1109/19 | €17,190,000 | €14,190,000 | -€3.0m | -17.5% |
| Reserves | 13 | €22,571,095 | €26,878,190 | +€4.3m | +19.1% |
| Tax-exempt reserves | 132 | €118,049 | €93,426 | -€24,623 | -20.9% |
| Distributable reserves | 133 | €22,453,046 | €26,784,764 | +€4.3m | +19.3% |
| Profit (loss) carried forward | 14 | €9,135 | €9,135 | = | 0.0% |
| Investment grants | 15 | €255,493 | €211,030 | -€44,463 | -17.4% |
| Provisions and deferred taxes | 16 | €38,183 | €29,975 | -€8,208 | -21.5% |
| Deferred taxes | 168 | €38,183 | €29,975 | -€8,208 | -21.5% |
| Amounts payable | 17/49 | €1,023,617 | €1,930,339 | +€906,722 | +88.6% |
| Amounts payable within one year | 42/48 | €1,008,068 | €1,923,440 | +€915,372 | +90.8% |
| Trade debts | 44 | €230,874 | €109,824 | -€121,051 | -52.4% |
| Suppliers | 440/4 | €230,874 | €109,824 | -€121,051 | -52.4% |
| Taxes, remuneration and social security | 45 | €743,221 | €282,142 | -€461,079 | -62.0% |
| Taxes | 450/3 | €687,841 | €221,014 | -€466,827 | -67.9% |
| Remuneration and social security | 454/9 | €55,380 | €61,128 | +€5,748 | +10.4% |
| Other amounts payable | 47/48 | €33,973 | €1,531,475 | +€1.5m | +4,408% |
| Accrued charges and deferred income | 492/3 | €15,549 | €6,899 | -€8,650 | -55.6% |
| Non-recurring operating income | 76A | - | €1,226,946 | +€1.2m | |
| Remuneration, social security and pensions | 62 | €332,721 | €345,546 | +€12,825 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €861,328 | €929,438 | +€68,109 | +7.9% |
| Other operating charges | 640/8 | €9,072 | €19,060 | +€9,988 | +110% |
| Gross operating margin | 9900 | €6,014,045 | €5,779,568 | -€234,477 | -3.9% |
| Operating profit (loss) | 9901 | €4,810,923 | €4,485,524 | -€325,399 | -6.8% |
| Financial income | 75/76B | €2,198,358 | €1,842,011 | -€356,347 | -16.2% |
| Recurring financial income | 75 | €2,198,358 | €1,842,011 | -€356,347 | -16.2% |
| Financial charges | 65/66B | €28,680 | €25,657 | -€3,022 | -10.5% |
| Recurring financial charges | 65 | €28,680 | €25,657 | -€3,022 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €6,980,602 | €6,301,877 | -€678,724 | -9.7% |
| Transfer from deferred taxes | 780 | €8,208 | €8,208 | = | 0.0% |
| Income taxes | 67/77 | €2,200,828 | €2,002,990 | -€197,838 | -9.0% |
| Profit (loss) for the period | 9904 | €4,787,981 | €4,307,095 | -€480,886 | -10.0% |
| Transfer from tax-exempt reserves | 789 | €24,623 | €24,623 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,812,604 | €4,331,718 | -€480,886 | -10.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.