EUTOP Brussels: 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.
EUTOP Brussels
Largest movements
- Receivables within one year -€391,048
down €391,048 (-62.4%), from €626,587 to €235,539
of which Trade receivables: -€409,757
- Cash +€121,787
up €121,787 (+47.4%), from €256,857 to €378,645
mainly Receivables within one year (+€391,048) and Net result for the year (+€316,164)
- Profit (loss) carried forward -€183,836
down €183,836 (-23.6%), from €777,562 to €593,726
- Tax, wage and social debts -€52,892
down €52,892 (-35.7%), from €147,973 to €95,081
of which Remuneration and social security: -€46,225
- Accrued charges and deferred income -€15,584
down €15,584 (-77.2%), from €20,184 to €4,600
- Staff costs -€59,131
down €59,131 (-6.6%), from €902,015 to €842,884
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 | €1,056,009 | €795,425 | -€260,583 | -24.7% |
| Fixed assets | 21/28 | €141,248 | €146,917 | +€5,669 | +4.0% |
| Tangible fixed assets | 22/27 | €16,564 | €18,825 | +€2,261 | +13.7% |
| Furniture and vehicles | 24 | €15,647 | €18,074 | +€2,427 | +15.5% |
| Other tangible fixed assets | 26 | €917 | €751 | -€166 | -18.1% |
| Financial fixed assets | 28 | €124,684 | €128,091 | +€3,407 | +2.7% |
| Current assets | 29/58 | €914,761 | €648,509 | -€266,252 | -29.1% |
| Amounts receivable within one year | 40/41 | €626,587 | €235,539 | -€391,048 | -62.4% |
| Trade receivables | 40 | €595,322 | €185,565 | -€409,757 | -68.8% |
| Other amounts receivable | 41 | €31,265 | €49,974 | +€18,709 | +59.8% |
| Cash at bank and in hand | 54/58 | €256,857 | €378,645 | +€121,787 | +47.4% |
| Deferred charges and accrued income | 490/1 | €31,317 | €34,325 | +€3,008 | +9.6% |
| Total equity and liabilities | 10/49 | €1,056,009 | €795,425 | -€260,583 | -24.7% |
| Equity | 10/15 | €863,003 | €679,167 | -€183,836 | -21.3% |
| Contributions | 10/11 | €70,000 | €77,000 | +€7,000 | +10.0% |
| Reserves | 13 | €15,441 | €8,441 | -€7,000 | -45.3% |
| Non-distributable reserves | 130/1 | €7,000 | - | -€7,000 | |
| Reserves not available under the articles | 1311 | €7,000 | - | -€7,000 | |
| Distributable reserves | 133 | €8,441 | €8,441 | = | 0.0% |
| Profit (loss) carried forward | 14 | €777,562 | €593,726 | -€183,836 | -23.6% |
| Amounts payable | 17/49 | €193,006 | €116,258 | -€76,747 | -39.8% |
| Amounts payable within one year | 42/48 | €172,821 | €111,658 | -€61,163 | -35.4% |
| Trade debts | 44 | €24,848 | €15,833 | -€9,015 | -36.3% |
| Suppliers | 440/4 | €24,848 | €15,833 | -€9,015 | -36.3% |
| Taxes, remuneration and social security | 45 | €147,973 | €95,081 | -€52,892 | -35.7% |
| Taxes | 450/3 | €47,203 | €40,536 | -€6,667 | -14.1% |
| Remuneration and social security | 454/9 | €100,771 | €54,546 | -€46,225 | -45.9% |
| Other amounts payable | 47/48 | - | €744 | +€744 | |
| Accrued charges and deferred income | 492/3 | €20,184 | €4,600 | -€15,584 | -77.2% |
| Remuneration, social security and pensions | 62 | €902,015 | €842,884 | -€59,131 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,615 | €5,644 | -€4,970 | -46.8% |
| Other operating charges | 640/8 | €407 | €407 | +€1 | +0.2% |
| Gross operating margin | 9900 | €1,276,999 | €1,282,055 | +€5,055 | +0.4% |
| Operating profit (loss) | 9901 | €363,963 | €433,119 | +€69,156 | +19.0% |
| Financial income | 75/76B | €1,180 | €1,318 | +€138 | +11.7% |
| Recurring financial income | 75 | €1,180 | €1,318 | +€138 | +11.7% |
| Financial charges | 65/66B | €2,164 | €2,737 | +€573 | +26.5% |
| Recurring financial charges | 65 | €2,164 | €2,737 | +€573 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €362,979 | €431,700 | +€68,721 | +18.9% |
| Income taxes | 67/77 | €103,500 | €115,536 | +€12,036 | +11.6% |
| Profit (loss) for the period | 9904 | €259,479 | €316,164 | +€56,685 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €259,479 | €316,164 | +€56,685 | +21.8% |
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 28 October 2026 via checked.be.