EUROWHEELS: what changed
Two fiscal 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.
EUROWHEELS
Largest movements
- Receivables within one year +€60,923
up €60,923 (+622.3%), from €9,790 to €70,714
of which Trade receivables: +€58,469
- Cash -€23,465
down €23,465 (-31.4%), from €74,837 to €51,372
mainly Receivables within one year (-€60,923) and Investment in fixed assets (net) (-€43,976)
- Tangible fixed assets +€20,331
up €20,331 (+44.2%), from €46,026 to €66,358
of which Furniture and vehicles: +€19,968
- Stocks and contracts +€5,417
up €5,417 (+4.0%), from €134,684 to €140,100
- Reserves +€27,877
up €27,877 (+36.5%), from €76,444 to €104,321
of which Distributable reserves: +€27,877
- Advances received +€26,695
up €26,695 (+382.7%), from €6,976 to €33,670
- Other debts +€23,000
up €23,000, from €0 to €23,000
- Debts after one year -€16,162
down €16,162 (-43.7%), from €37,003 to €20,841
- Accrued charges and deferred income -€15,680
down €15,680 (-77.1%), from €20,325 to €4,645
- Gross operating margin +€36,479
up €36,479 (+55.6%), from €65,626 to €102,105
- Depreciation +€12,391
up €12,391 (+110.1%), from €11,254 to €23,645
- Taxes +€7,721
up €7,721 (+102.9%), from €7,507 to €15,228
- Staff costs +€2,473
up €2,473 (+9.4%), from €26,224 to €28,697
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.
Cash bridge derived
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 | €297,624 | €363,234 | +€65,611 | +22.0% |
| Fixed assets | 21/28 | €46,026 | €66,358 | +€20,331 | +44.2% |
| Tangible fixed assets | 22/27 | €46,026 | €66,358 | +€20,331 | +44.2% |
| Land and buildings | 22 | €23,233 | €15,488 | -€7,744 | -33.3% |
| Plant, machinery and equipment | 23 | €643 | €347 | -€297 | -46.1% |
| Furniture and vehicles | 24 | €10,080 | €30,047 | +€19,968 | +198.1% |
| Other tangible fixed assets | 26 | €12,071 | €20,476 | +€8,405 | +69.6% |
| Current assets | 29/58 | €251,598 | €296,877 | +€45,279 | +18.0% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €134,684 | €140,100 | +€5,417 | +4.0% |
| Stocks | 30/36 | €134,684 | €140,100 | +€5,417 | +4.0% |
| Amounts receivable within one year | 40/41 | €9,790 | €70,714 | +€60,923 | +622.3% |
| Trade receivables | 40 | €6,794 | €65,263 | +€58,469 | +860.6% |
| Other amounts receivable | 41 | €2,996 | €5,451 | +€2,455 | +81.9% |
| Cash at bank and in hand | 54/58 | €74,837 | €51,372 | -€23,465 | -31.4% |
| Deferred charges and accrued income | 490/1 | €12,287 | €14,691 | +€2,404 | +19.6% |
| Total equity and liabilities | 10/49 | €297,624 | €363,234 | +€65,611 | +22.0% |
| Equity | 10/15 | €163,751 | €191,628 | +€27,877 | +17.0% |
| Contributions | 10/11 | €120,987 | €120,987 | = | 0.0% |
| Reserves | 13 | €76,444 | €104,321 | +€27,877 | +36.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €76,444 | €104,321 | +€27,877 | +36.5% |
| Profit (loss) carried forward | 14 | -€33,679 | -€33,679 | = | 0.0% |
| Amounts payable | 17/49 | €133,873 | €171,606 | +€37,733 | +28.2% |
| Amounts payable after more than one year | 17 | €37,003 | €20,841 | -€16,162 | -43.7% |
| Financial debts | 170/4 | €37,003 | €20,841 | -€16,162 | -43.7% |
| Amounts payable within one year | 42/48 | €76,545 | €146,120 | +€69,576 | +90.9% |
| Current portion of amounts payable after more than one year | 42 | €15,338 | €16,162 | +€824 | +5.4% |
| Trade debts | 44 | €29,198 | €42,154 | +€12,956 | +44.4% |
| Suppliers | 440/4 | €29,198 | €42,154 | +€12,956 | +44.4% |
| Advances received on contracts in progress | 46 | €6,976 | €33,670 | +€26,695 | +382.7% |
| Taxes, remuneration and social security | 45 | €25,033 | €31,134 | +€6,100 | +24.4% |
| Taxes | 450/3 | €19,522 | €25,780 | +€6,258 | +32.1% |
| Remuneration and social security | 454/9 | €5,511 | €5,354 | -€158 | -2.9% |
| Other amounts payable | 47/48 | €0 | €23,000 | +€23,000 | |
| Accrued charges and deferred income | 492/3 | €20,325 | €4,645 | -€15,680 | -77.1% |
| Non-recurring operating income | 76A | €1,450 | €1,000 | -€450 | -31.0% |
| Remuneration, social security and pensions | 62 | €26,224 | €28,697 | +€2,473 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,254 | €23,645 | +€12,391 | +110.1% |
| Other operating charges | 640/8 | €3,563 | €3,761 | +€198 | +5.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €65,626 | €102,105 | +€36,479 | +55.6% |
| Operating profit (loss) | 9901 | €24,586 | €46,002 | +€21,416 | +87.1% |
| Financial income | 75/76B | €690 | €832 | +€142 | +20.6% |
| Recurring financial income | 75 | €690 | €832 | +€142 | +20.6% |
| Financial charges | 65/66B | €3,097 | €3,728 | +€631 | +20.4% |
| Recurring financial charges | 65 | €3,097 | €3,728 | +€631 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €22,178 | €43,105 | +€20,927 | +94.4% |
| Income taxes | 67/77 | €7,507 | €15,228 | +€7,721 | +102.9% |
| Profit (loss) for the period | 9904 | €14,671 | €27,877 | +€13,206 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,671 | €27,877 | +€13,206 | +90.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.