EURVEST: 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.
What changed
EURVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.9m
2024 · €3.0m+€919,868
Equity
€39.3m
2024 · €39.3m-€67,271
Cash
€19.6m
2024 · €13.3m+€6.3m
Balance sheet total
€67.0m
2024 · €65.3m+€1.7m
Largest movements
Assets
- Cash +€6.3m
up €6.3m (+47.4%), from €13.3m to €19.6m
mainly Current investments (+€5.0m) and Net result for the year (+€3.9m)
- Current investments -€5.0m
no longer reported in 2025 (was €5.0m)
Equity and liabilities
- Trade debts +€876,961
up €876,961 (+89.0%), from €984,797 to €1.9m
- Other debts +€867,871
up €867,871 (+3.5%), from €24.5m to €25.3m
Income statement
- Financial income +€824,808
up €824,808 (+22.1%), from €3.7m to €4.5m
- Turnover +€347,949
up €347,949 (+8.8%), from €3.9m to €4.3m
- Services and other goods +€229,466
up €229,466 (+10.9%), from €2.1m to €2.3m
- Staff costs +€70,723
up €70,723 (+5.1%), from €1.4m to €1.5m
- Financial charges -€45,802
down €45,802 (-6.7%), from €682,145 to €636,343
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.
Result 2024
€3.0m
Turnover
+€347,949
Other operating income
-€2,694
Services and other goods
-€229,466
Staff costs
-€70,723
Depreciation
-€1,904
Other operating charges
-€1,054
Other operating items
+€4,960
Financial income
+€824,808
Financial charges
+€45,802
Taxes
+€2,189
Result 2025
€3.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.9m
Investment
+€4.4m
Financing
-€4.0m
Cash 2024
€13.3m
From operations (derived)
+€5.9m
Net result for the year
+€3.9m
Depreciation
+€478,412
Receivables within one year
-€308,532
Deferred charges and accrued income
-€15,007
Trade debts
+€876,961
Tax, wage and social debts
+€59,591
Other debts
+€867,871
Accrued charges and deferred income
-€32,834
Investment (derived)
+€4.4m
Investment in fixed assets (net)
-€569,207
Current investments
+€5.0m
Financing
-€4.0m
Contributions, distributions and other
-€4.0m
Cash 2025
€19.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,261,036 | €66,965,353 | +€1.7m | +2.6% |
| Fixed assets | 21/28 | €36,451,948 | €36,542,743 | +€90,795 | +0.2% |
| Intangible fixed assets | 21 | €1,396,078 | €1,586,719 | +€190,641 | +13.7% |
| Tangible fixed assets | 22/27 | €275,741 | €175,896 | -€99,846 | -36.2% |
| Plant, machinery and equipment | 23 | €511 | €299 | -€211 | -41.4% |
| Furniture and vehicles | 24 | €213,972 | €175,596 | -€38,376 | -17.9% |
| Assets under construction and advance payments | 27 | €61,259 | - | -€61,259 | |
| Financial fixed assets | 28 | €34,780,128 | €34,780,128 | = | 0.0% |
| Affiliated companies | 280/1 | €33,037,326 | €33,037,326 | = | 0.0% |
| Participating interests | 280 | €33,037,326 | €33,037,326 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €1,742,802 | €1,742,802 | = | 0.0% |
| Participating interests | 282 | €538,344 | €538,344 | = | 0.0% |
| Amounts receivable | 283 | €1,204,458 | €1,204,458 | = | 0.0% |
| Current assets | 29/58 | €28,809,088 | €30,422,610 | +€1.6m | +5.6% |
| Amounts receivable within one year | 40/41 | €10,305,055 | €10,613,588 | +€308,532 | +3.0% |
| Trade receivables | 40 | €1,465,338 | €2,762,447 | +€1.3m | +88.5% |
| Other amounts receivable | 41 | €8,839,718 | €7,851,140 | -€988,577 | -11.2% |
| Current investments | 50/53 | €5,000,000 | - | -€5.0m | |
| Other investments | 51/53 | €5,000,000 | - | -€5.0m | |
| Cash at bank and in hand | 54/58 | €13,267,298 | €19,557,280 | +€6.3m | +47.4% |
| Deferred charges and accrued income | 490/1 | €236,735 | €251,742 | +€15,007 | +6.3% |
| Total equity and liabilities | 10/49 | €65,261,036 | €66,965,353 | +€1.7m | +2.6% |
| Equity | 10/15 | €39,327,787 | €39,260,516 | -€67,271 | -0.2% |
| Contributions | 10/11 | €24,676,909 | €24,676,909 | = | 0.0% |
| Capital | 10 | €24,676,909 | €24,676,909 | = | 0.0% |
| Issued capital | 100 | €24,676,909 | €24,676,909 | = | 0.0% |
| Reserves | 13 | €1,803,629 | €2,000,266 | +€196,636 | +10.9% |
| Non-distributable reserves | 130/1 | €1,803,629 | €2,000,266 | +€196,636 | +10.9% |
| Legal reserve | 130 | €1,803,629 | €2,000,266 | +€196,636 | +10.9% |
| Profit (loss) carried forward | 14 | €12,847,249 | €12,583,342 | -€263,907 | -2.1% |
| Amounts payable | 17/49 | €25,933,249 | €27,704,837 | +€1.8m | +6.8% |
| Amounts payable within one year | 42/48 | €25,767,938 | €27,572,360 | +€1.8m | +7.0% |
| Trade debts | 44 | €984,797 | €1,861,757 | +€876,961 | +89.0% |
| Suppliers | 440/4 | €984,797 | €1,861,757 | +€876,961 | +89.0% |
| Taxes, remuneration and social security | 45 | €321,167 | €380,757 | +€59,591 | +18.6% |
| Taxes | 450/3 | €5,006 | €556 | -€4,450 | -88.9% |
| Remuneration and social security | 454/9 | €316,161 | €380,201 | +€64,041 | +20.3% |
| Other amounts payable | 47/48 | €24,461,975 | €25,329,845 | +€867,871 | +3.5% |
| Accrued charges and deferred income | 492/3 | €165,311 | €132,477 | -€32,834 | -19.9% |
| Operating income | 70/76A | €3,965,281 | €4,317,220 | +€351,938 | +8.9% |
| Turnover | 70 | €3,932,989 | €4,280,938 | +€347,949 | +8.8% |
| Other operating income | 74 | €32,292 | €29,598 | -€2,694 | -8.3% |
| Non-recurring operating income | 76A | €0 | €6,683 | +€6,683 | |
| Operating charges | 60/66A | €3,990,180 | €4,295,049 | +€304,869 | +7.6% |
| Services and other goods | 61 | €2,112,930 | €2,342,396 | +€229,466 | +10.9% |
| Remuneration, social security and pensions | 62 | €1,396,144 | €1,466,867 | +€70,723 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476,508 | €478,412 | +€1,904 | +0.4% |
| Other operating charges | 640/8 | €4,082 | €5,135 | +€1,054 | +25.8% |
| Non-recurring operating charges | 66A | €516 | €2,239 | +€1,723 | +334% |
| Operating profit (loss) | 9901 | -€24,898 | €22,171 | +€47,069 | |
| Financial income | 75/76B | €3,724,911 | €4,549,719 | +€824,808 | +22.1% |
| Recurring financial income | 75 | €3,724,911 | €4,549,719 | +€824,808 | +22.1% |
| Income from financial fixed assets | 750 | €3,076,314 | €4,041,290 | +€964,976 | +31.4% |
| Income from current assets | 751 | €648,431 | €499,560 | -€148,871 | -23.0% |
| Other financial income | 752/9 | €166 | €8,870 | +€8,703 | +5,235% |
| Financial charges | 65/66B | €682,145 | €636,343 | -€45,802 | -6.7% |
| Recurring financial charges | 65 | €682,145 | €636,343 | -€45,802 | -6.7% |
| Debt charges | 650 | €673,325 | €620,109 | -€53,215 | -7.9% |
| Other financial charges | 652/9 | €8,820 | €16,233 | +€7,413 | +84.0% |
| Profit (loss) for the period before taxes | 9903 | €3,017,867 | €3,935,547 | +€917,680 | +30.4% |
| Income taxes | 67/77 | €5,006 | €2,818 | -€2,189 | -43.7% |
| Taxes | 670/3 | €5,006 | €2,818 | -€2,189 | -43.7% |
| Profit (loss) for the period | 9904 | €3,012,861 | €3,932,729 | +€919,868 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,012,861 | €3,932,729 | +€919,868 | +30.5% |
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 16 October 2026 via checked.be.