EUROCAP: 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.
EUROCAP
Largest movements
- Receivables after one year -€1.3m
down €1.3m (-76.5%), from €1.7m to €400,000
- Financial fixed assets +€600,000
new in 2025: €600,000
- Tangible fixed assets +€119,860
new in 2025: €119,860
- Cash -€18,362
down €18,362 (-55.8%), from €32,907 to €14,545
mainly Investment in fixed assets (net) (-€720,000) and Other debts (-€506,065)
- Other debts -€506,065
down €506,065 (-28.8%), from €1.8m to €1.2m
- Profit (loss) carried forward -€93,210
down €93,210 (-425.8%), from -€21,889 to -€115,098
- Gross operating margin -€71,102
down €71,102 (-330.8%), from -€21,494 to -€92,596
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 | €1,739,086 | €1,138,189 | -€600,897 | -34.6% |
| Fixed assets | 21/28 | - | €719,860 | +€719,860 | |
| Tangible fixed assets | 22/27 | - | €119,860 | +€119,860 | |
| Other tangible fixed assets | 26 | - | €119,860 | +€119,860 | |
| Financial fixed assets | 28 | - | €600,000 | +€600,000 | |
| Current assets | 29/58 | €1,739,086 | €418,329 | -€1.3m | -75.9% |
| Amounts receivable after more than one year | 29 | €1,700,000 | €400,000 | -€1.3m | -76.5% |
| Other amounts receivable | 291 | €1,700,000 | €400,000 | -€1.3m | -76.5% |
| Amounts receivable within one year | 40/41 | €6,179 | €3,783 | -€2,395 | -38.8% |
| Trade receivables | 40 | €194 | €1,500 | +€1,306 | +673.0% |
| Other amounts receivable | 41 | €5,984 | €2,283 | -€3,701 | -61.8% |
| Cash at bank and in hand | 54/58 | €32,907 | €14,545 | -€18,362 | -55.8% |
| Total equity and liabilities | 10/49 | €1,739,086 | €1,138,189 | -€600,897 | -34.6% |
| Equity | 10/15 | -€16,889 | -€110,098 | -€93,210 | -551.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,889 | -€115,098 | -€93,210 | -425.8% |
| Amounts payable | 17/49 | €1,755,974 | €1,248,287 | -€507,687 | -28.9% |
| Amounts payable within one year | 42/48 | €1,755,974 | €1,248,287 | -€507,687 | -28.9% |
| Trade debts | 44 | €1,622 | - | -€1,622 | |
| Suppliers | 440/4 | €1,622 | - | -€1,622 | |
| Other amounts payable | 47/48 | €1,754,352 | €1,248,287 | -€506,065 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €140 | +€140 | |
| Other operating charges | 640/8 | €387 | €431 | +€44 | +11.3% |
| Gross operating margin | 9900 | -€21,494 | -€92,596 | -€71,102 | -330.8% |
| Operating profit (loss) | 9901 | -€21,882 | -€93,167 | -€71,285 | -325.8% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €7 | €60 | +€53 | +749.9% |
| Recurring financial charges | 65 | €7 | €60 | +€53 | +749.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,889 | -€93,202 | -€71,314 | -325.8% |
| Income taxes | 67/77 | - | €7 | +€7 | |
| Profit (loss) for the period | 9904 | -€21,889 | -€93,210 | -€71,321 | -325.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,889 | -€93,210 | -€71,321 | -325.8% |
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 9 October 2026 via checked.be.