Maybe, but it's very rare for a side to win back-to-back trophies and a side like Belgium have lost something like 3 competitive games in 5 years (I'm sure I heard commentator say that) but have been knocked out of quarte-final this year which feels pretty early. It takes a lot to win a tournament and a lot can go against you that you can't control. The luck of the draw will eventually go against them!!
On the flip-side, with Qatar and Germany so close due to delayed Euros they could compete strongly for next two tournaments after this because not enough time for others to catch-up/for it to go wrong for them. I think the USA, Germany and Spain will be strong in America 2026 though so they will have challengers.