EUSOVI: 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.
EUSOVI
Largest movements
- Cash +€146,012
up €146,012 (+520%), from €28,072 to €174,084
mainly Net result for the year (+€144,763) and Current investments (+€85,000)
- Current investments -€85,000
no longer reported in 2025 (was €85,000)
- Receivables within one year +€27,478
up €27,478 (+134%), from €20,537 to €48,015
of which Trade receivables: +€27,525
- Deferred charges and accrued income -€5,763
down €5,763 (-66.1%), from €8,716 to €2,953
- Other debts +€65,703
up €65,703 (+20.4%), from €321,578 to €387,280
- Tax, wage and social debts +€17,534
up €17,534 (+83.2%), from €21,065 to €38,599
of which Taxes: +€20,219
- Profit (loss) carried forward +€9,763
up €9,763 (+424%), from €2,300 to €12,063
- Trade debts -€5,809
down €5,809 (-97.2%), from €5,975 to €166
- Gross operating margin +€60,387
up €60,387 (+33.7%), from €179,432 to €239,819
- Taxes +€17,010
up €17,010 (+51.5%), from €33,033 to €50,043
- Financial charges -€6,576
down €6,576 (-13.1%), from €50,147 to €43,571
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 | €371,377 | €458,568 | +€87,190 | +23.5% |
| Fixed assets | 21/28 | €229,053 | €233,515 | +€4,463 | +1.9% |
| Tangible fixed assets | 22/27 | €1,584 | €2,742 | +€1,159 | +73.2% |
| Furniture and vehicles | 24 | €1,584 | €2,742 | +€1,159 | +73.2% |
| Financial fixed assets | 28 | €227,469 | €230,773 | +€3,304 | +1.5% |
| Current assets | 29/58 | €142,325 | €225,052 | +€82,728 | +58.1% |
| Amounts receivable within one year | 40/41 | €20,537 | €48,015 | +€27,478 | +134% |
| Trade receivables | 40 | €19,360 | €46,885 | +€27,525 | +142% |
| Other amounts receivable | 41 | €1,177 | €1,130 | -€47 | -4.0% |
| Current investments | 50/53 | €85,000 | - | -€85,000 | |
| Cash at bank and in hand | 54/58 | €28,072 | €174,084 | +€146,012 | +520% |
| Deferred charges and accrued income | 490/1 | €8,716 | €2,953 | -€5,763 | -66.1% |
| Total equity and liabilities | 10/49 | €371,377 | €458,568 | +€87,190 | +23.5% |
| Equity | 10/15 | €22,760 | €32,523 | +€9,763 | +42.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,300 | €12,063 | +€9,763 | +424% |
| Amounts payable | 17/49 | €348,617 | €426,045 | +€77,427 | +22.2% |
| Amounts payable within one year | 42/48 | €348,617 | €426,045 | +€77,427 | +22.2% |
| Trade debts | 44 | €5,975 | €166 | -€5,809 | -97.2% |
| Suppliers | 440/4 | €5,975 | €166 | -€5,809 | -97.2% |
| Taxes, remuneration and social security | 45 | €21,065 | €38,599 | +€17,534 | +83.2% |
| Taxes | 450/3 | €18,380 | €38,599 | +€20,219 | +110% |
| Remuneration and social security | 454/9 | €2,685 | - | -€2,685 | |
| Other amounts payable | 47/48 | €321,578 | €387,280 | +€65,703 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €597 | €814 | +€217 | +36.4% |
| Other operating charges | 640/8 | €1,078 | €1,203 | +€125 | +11.6% |
| Gross operating margin | 9900 | €179,432 | €239,819 | +€60,387 | +33.7% |
| Operating profit (loss) | 9901 | €177,757 | €237,802 | +€60,045 | +33.8% |
| Financial income | 75/76B | €708 | €576 | -€132 | -18.6% |
| Recurring financial income | 75 | €708 | €576 | -€132 | -18.6% |
| Financial charges | 65/66B | €50,147 | €43,571 | -€6,576 | -13.1% |
| Recurring financial charges | 65 | €50,147 | €43,571 | -€6,576 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €128,317 | €194,806 | +€66,489 | +51.8% |
| Income taxes | 67/77 | €33,033 | €50,043 | +€17,010 | +51.5% |
| Profit (loss) for the period | 9904 | €95,285 | €144,763 | +€49,478 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €95,285 | €144,763 | +€49,478 | +51.9% |
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 18 October 2026 via checked.be.