EUROZIP: 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.
EUROZIP
Largest movements
- Cash +€2.2m
up €2.2m (+321%), from €670,762 to €2.8m
mainly Net result for the year (+€2.0m) and Receivables after one year (+€934,293)
- Receivables after one year -€934,293
down €934,293 (-100%), from €934,293 to €0
- Current investments -€550,000
down €550,000 (-13.6%), from €4.1m to €3.5m
- Stocks and contracts -€352,000
down €352,000 (-23.0%), from €1.5m to €1.2m
- Other debts +€423,840
up €423,840 (+94.2%), from €450,000 to €873,840
- Reserves -€338,133
down €338,133 (-4.4%), from €7.8m to €7.4m
of which Tax-exempt reserves: -€421,000
- Trade debts +€259,683
up €259,683 (+121%), from €215,402 to €475,085
- Financial income -€216,415
down €216,415 (-55.3%), from €391,075 to €174,660
- Taxes -€94,348
down €94,348 (-10.8%), from €871,705 to €777,357
- Staff costs +€78,683
up €78,683 (+20.2%), from €390,109 to €468,792
- Financial charges +€57,658
up €57,658 (+202%), from €28,559 to €86,217
- Write-downs -€52,000
down €52,000, from €16,000 to -€36,000
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 | €8,626,004 | €8,912,285 | +€286,281 | +3.3% |
| Fixed assets | 21/28 | €349,877 | €335,591 | -€14,286 | -4.1% |
| Intangible fixed assets | 21 | €36,791 | €53,156 | +€16,364 | +44.5% |
| Tangible fixed assets | 22/27 | €312,967 | €282,317 | -€30,651 | -9.8% |
| Plant, machinery and equipment | 23 | €92,252 | €73,779 | -€18,473 | -20.0% |
| Furniture and vehicles | 24 | €214,286 | €202,812 | -€11,474 | -5.4% |
| Other tangible fixed assets | 26 | €6,429 | €5,726 | -€703 | -10.9% |
| Financial fixed assets | 28 | €118 | €118 | = | 0.0% |
| Current assets | 29/58 | €8,276,127 | €8,576,695 | +€300,567 | +3.6% |
| Amounts receivable after more than one year | 29 | €934,293 | €0 | -€934,293 | -100% |
| Other amounts receivable | 291 | €934,293 | €0 | -€934,293 | -100% |
| Stocks and contracts in progress | 3 | €1,530,000 | €1,178,000 | -€352,000 | -23.0% |
| Stocks | 30/36 | €1,530,000 | €1,178,000 | -€352,000 | -23.0% |
| Amounts receivable within one year | 40/41 | €1,090,468 | €1,052,641 | -€37,826 | -3.5% |
| Trade receivables | 40 | €800,965 | €779,254 | -€21,711 | -2.7% |
| Other amounts receivable | 41 | €289,503 | €273,388 | -€16,115 | -5.6% |
| Current investments | 50/53 | €4,050,000 | €3,500,000 | -€550,000 | -13.6% |
| Cash at bank and in hand | 54/58 | €670,762 | €2,826,497 | +€2.2m | +321% |
| Deferred charges and accrued income | 490/1 | €605 | €19,556 | +€18,951 | +3,132% |
| Total equity and liabilities | 10/49 | €8,626,004 | €8,912,285 | +€286,281 | +3.3% |
| Equity | 10/15 | €7,783,235 | €7,445,101 | -€338,133 | -4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €7,770,835 | €7,432,701 | -€338,133 | -4.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €421,000 | €0 | -€421,000 | -100% |
| Distributable reserves | 133 | €7,349,835 | €7,432,701 | +€82,867 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €842,769 | €1,467,184 | +€624,414 | +74.1% |
| Amounts payable within one year | 42/48 | €842,769 | €1,467,184 | +€624,414 | +74.1% |
| Trade debts | 44 | €215,402 | €475,085 | +€259,683 | +121% |
| Suppliers | 440/4 | €215,402 | €475,085 | +€259,683 | +121% |
| Taxes, remuneration and social security | 45 | €177,367 | €118,258 | -€59,109 | -33.3% |
| Taxes | 450/3 | €142,006 | €95,729 | -€46,277 | -32.6% |
| Remuneration and social security | 454/9 | €35,361 | €22,529 | -€12,832 | -36.3% |
| Other amounts payable | 47/48 | €450,000 | €873,840 | +€423,840 | +94.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €24,695 | €3,210 | -€21,484 | -87.0% |
| Remuneration, social security and pensions | 62 | €390,109 | €468,792 | +€78,683 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,468 | €113,600 | +€20,132 | +21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,000 | -€36,000 | -€52,000 | |
| Other operating charges | 640/8 | €2,684 | €15,755 | +€13,071 | +487% |
| Gross operating margin | 9900 | €3,270,317 | €3,232,969 | -€37,348 | -1.1% |
| Operating profit (loss) | 9901 | €2,768,056 | €2,670,822 | -€97,234 | -3.5% |
| Financial income | 75/76B | €391,075 | €174,660 | -€216,415 | -55.3% |
| Recurring financial income | 75 | €391,075 | €174,660 | -€216,415 | -55.3% |
| Financial charges | 65/66B | €28,559 | €86,217 | +€57,658 | +202% |
| Recurring financial charges | 65 | €28,559 | €86,217 | +€57,658 | +202% |
| Profit (loss) for the period before taxes | 9903 | €3,130,572 | €2,759,265 | -€371,307 | -11.9% |
| Income taxes | 67/77 | €871,705 | €777,357 | -€94,348 | -10.8% |
| Profit (loss) for the period | 9904 | €2,258,867 | €1,981,908 | -€276,959 | -12.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €2,258,867 | €1,981,908 | -€276,959 | -12.3% |
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 22 October 2026 via checked.be.