E.B.A: what changed
Two fiscal 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
E.B.A
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€115,770
2024 · €205,177-€89,407
Equity
€836,848
2024 · €721,078+€115,770
Cash
€4.4m
2024 · €2.8m+€1.6m
Balance sheet total
€13.0m
2024 · €7.2m+€5.8m
Largest movements
Assets
- Current investments +€4.5m
new in 2025: €4.5m
- Cash +€1.6m
up €1.6m (+55.6%), from €2.8m to €4.4m
mainly Short-term financial debts (+€7.0m) and Depreciation (+€1.3m)
- Receivables within one year -€308,434
down €308,434 (-83.7%), from €368,303 to €59,869
of which Trade receivables: -€330,959
Equity and liabilities
- Short-term financial debts +€7.0m
up €7.0m, from €0 to €7.0m
- Other debts -€988,000
down €988,000 (-95.9%), from €1.0m to €42,000
- Debts after one year -€318,306
down €318,306 (-13.0%), from €2.5m to €2.1m
- Provisions -€238,524
down €238,524 (-74.5%), from €320,105 to €81,581
- Current portion of long-term debt +€187,738
up €187,738 (+14.2%), from €1.3m to €1.5m
Income statement
- Services and other goods +€492,517
up €492,517 (+8.7%), from €5.7m to €6.2m
- Provisions -€369,571
down €369,571, from €131,047 to -€238,524
- Turnover +€311,546
up €311,546 (+3.2%), from €9.8m to €10.1m
- Other operating income -€158,002
down €158,002 (-17.6%), from €897,863 to €739,861
- Financial charges +€101,764
up €101,764 (+10.6%), from €964,259 to €1.1m
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
€205,177
Turnover
+€311,546
Other operating income
-€158,002
Goods and materials
+€25,166
Services and other goods
-€492,517
Staff costs
-€77,514
Depreciation
-€66,163
Write-downs
+€6,350
Provisions
+€369,571
Other operating charges
+€27,971
Other operating items
+€498
Financial income
+€52,009
Financial charges
-€101,764
Taxes
+€13,441
Result 2025
€115,770
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.
From operations
+€485,132
Investment
-€5.8m
Financing
+€6.9m
Cash 2024
€2.8m
From operations (derived)
+€485,132
Net result for the year
+€115,770
Depreciation
+€1.3m
Receivables within one year
+€308,434
Deferred charges and accrued income
+€38,085
Provisions
-€238,524
Trade debts
-€29,714
Smaller working-capital items
+€16,631
Other debts
-€988,000
Investment (derived)
-€5.8m
Investment in fixed assets (net)
-€1.3m
Current investments
-€4.5m
Financing
+€6.9m
Debts after one year
-€318,306
Current portion of long-term debt
+€187,738
Short-term financial debts
+€7.0m
Cash 2025
€4.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,201,147 | €12,990,731 | +€5.8m | +80.4% |
| Fixed assets | 21/28 | €3,598,798 | €3,676,331 | +€77,532 | +2.2% |
| Intangible fixed assets | 21 | €201,168 | €150,001 | -€51,167 | -25.4% |
| Tangible fixed assets | 22/27 | €3,394,430 | €3,519,330 | +€124,900 | +3.7% |
| Plant, machinery and equipment | 23 | €4,458 | €2,178 | -€2,280 | -51.1% |
| Furniture and vehicles | 24 | €3,389,972 | €3,517,151 | +€127,180 | +3.8% |
| Financial fixed assets | 28 | €3,200 | €7,000 | +€3,800 | +118.8% |
| Other financial fixed assets | 284/8 | €3,200 | €7,000 | +€3,800 | +118.8% |
| Shares | 284 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €700 | €4,500 | +€3,800 | +542.9% |
| Current assets | 29/58 | €3,602,349 | €9,314,400 | +€5.7m | +158.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €368,303 | €59,869 | -€308,434 | -83.7% |
| Trade receivables | 40 | €368,303 | €37,344 | -€330,959 | -89.9% |
| Other amounts receivable | 41 | €0 | €22,526 | +€22,526 | |
| Current investments | 50/53 | - | €4,500,000 | +€4.5m | |
| Other investments | 51/53 | - | €4,500,000 | +€4.5m | |
| Cash at bank and in hand | 54/58 | €2,802,851 | €4,361,422 | +€1.6m | +55.6% |
| Deferred charges and accrued income | 490/1 | €431,194 | €393,109 | -€38,085 | -8.8% |
| Total equity and liabilities | 10/49 | €7,201,147 | €12,990,731 | +€5.8m | +80.4% |
| Equity | 10/15 | €721,078 | €836,848 | +€115,770 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €342,090 | €379,980 | +€37,890 | +11.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €265,230 | €303,120 | +€37,890 | +14.3% |
| Distributable reserves | 133 | €76,860 | €76,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €372,788 | €450,668 | +€77,880 | +20.9% |
| Provisions and deferred taxes | 16 | €320,105 | €81,581 | -€238,524 | -74.5% |
| Provisions for liabilities and charges | 160/5 | €320,105 | €81,581 | -€238,524 | -74.5% |
| Other liabilities and charges | 164/5 | €320,105 | €81,581 | -€238,524 | -74.5% |
| Amounts payable | 17/49 | €6,159,964 | €12,072,302 | +€5.9m | +96.0% |
| Amounts payable after more than one year | 17 | €2,454,305 | €2,135,999 | -€318,306 | -13.0% |
| Financial debts | 170/4 | €2,454,305 | €2,135,999 | -€318,306 | -13.0% |
| Credit institutions | 173 | €2,454,305 | €2,135,999 | -€318,306 | -13.0% |
| Amounts payable within one year | 42/48 | €3,700,070 | €9,927,174 | +€6.2m | +168.3% |
| Current portion of amounts payable after more than one year | 42 | €1,320,885 | €1,508,623 | +€187,738 | +14.2% |
| Financial debts | 43 | €0 | €7,043,989 | +€7.0m | |
| Credit institutions | 430/8 | €0 | €7,043,989 | +€7.0m | |
| Trade debts | 44 | €847,836 | €818,122 | -€29,714 | -3.5% |
| Suppliers | 440/4 | €847,836 | €818,122 | -€29,714 | -3.5% |
| Taxes, remuneration and social security | 45 | €501,349 | €514,439 | +€13,090 | +2.6% |
| Taxes | 450/3 | €144,694 | €149,519 | +€4,825 | +3.3% |
| Remuneration and social security | 454/9 | €356,655 | €364,920 | +€8,265 | +2.3% |
| Other amounts payable | 47/48 | €1,030,000 | €42,000 | -€988,000 | -95.9% |
| Accrued charges and deferred income | 492/3 | €5,589 | €9,130 | +€3,541 | +63.4% |
| Operating income | 70/76A | €10,697,902 | €10,851,446 | +€153,544 | +1.4% |
| Turnover | 70 | €9,800,039 | €10,111,585 | +€311,546 | +3.2% |
| Other operating income | 74 | €897,863 | €739,861 | -€158,002 | -17.6% |
| Operating charges | 60/66A | €10,193,800 | €10,400,437 | +€206,637 | +2.0% |
| Goods for resale, raw materials and consumables | 60 | €338,964 | €313,798 | -€25,166 | -7.4% |
| Purchases | 600/8 | €338,964 | €313,798 | -€25,166 | -7.4% |
| Services and other goods | 61 | €5,668,273 | €6,160,790 | +€492,517 | +8.7% |
| Remuneration, social security and pensions | 62 | €2,695,003 | €2,772,517 | +€77,514 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,196,287 | €1,262,450 | +€66,163 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€6,350 | -€6,350 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €131,047 | -€238,524 | -€369,571 | |
| Other operating charges | 640/8 | €163,188 | €135,217 | -€27,971 | -17.1% |
| Non-recurring operating charges | 66A | €1,038 | €540 | -€498 | -48.0% |
| Operating profit (loss) | 9901 | €504,102 | €451,010 | -€53,093 | -10.5% |
| Financial income | 75/76B | €819,774 | €871,783 | +€52,009 | +6.3% |
| Recurring financial income | 75 | €819,774 | €871,783 | +€52,009 | +6.3% |
| Income from current assets | 751 | €819,769 | €871,780 | +€52,012 | +6.3% |
| Other financial income | 752/9 | €5 | €2 | -€3 | -52.8% |
| Financial charges | 65/66B | €964,259 | €1,066,024 | +€101,764 | +10.6% |
| Recurring financial charges | 65 | €964,259 | €1,066,024 | +€101,764 | +10.6% |
| Debt charges | 650 | €904,314 | €987,638 | +€83,324 | +9.2% |
| Other financial charges | 652/9 | €59,946 | €78,386 | +€18,440 | +30.8% |
| Profit (loss) for the period before taxes | 9903 | €359,617 | €256,768 | -€102,848 | -28.6% |
| Income taxes | 67/77 | €154,440 | €140,998 | -€13,441 | -8.7% |
| Taxes | 670/3 | €154,440 | €140,998 | -€13,441 | -8.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €205,177 | €115,770 | -€89,407 | -43.6% |
| Transfer from tax-exempt reserves | 789 | €134,720 | €138,930 | +€4,210 | +3.1% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €176,820 | +€50,520 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €213,597 | €77,880 | -€135,717 | -63.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.