E.B.N.: 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.
E.B.N.
Largest movements
- Tangible fixed assets +€46,215
up €46,215 (+708.3%), from €6,524 to €52,739
of which Furniture and vehicles: +€47,190
- Cash -€22,943
down €22,943 (-46.4%), from €49,434 to €26,491
mainly Investment in fixed assets (net) (-€50,110) and Net result for the year (-€46,549)
- Receivables within one year +€9,121
up €9,121 (+8.4%), from €108,162 to €117,283
of which Other amounts receivable: +€10,338
- Deferred charges and accrued income +€4,765
up €4,765 (+63.9%), from €7,460 to €12,226
- Trade debts +€74,964
up €74,964 (+332.7%), from €22,532 to €97,496
- Profit (loss) carried forward -€46,549
down €46,549 (-51.9%), from €89,729 to €43,180
- Accrued charges and deferred income -€38,117
down €38,117 (-97.3%), from €39,163 to €1,046
- Debts after one year +€36,070
new in 2025: €36,070
- Current portion of long-term debt +€6,636
new in 2025: €6,636
- Gross operating margin -€36,451
down €36,451 (-29.9%), from €121,772 to €85,320
- Financial income -€11,093
down €11,093 (-57.4%), from €19,324 to €8,231
of which Financial income: -€6,286
- Staff costs +€7,637
up €7,637 (+6.4%), from €120,200 to €127,837
- Taxes -€5,653
down €5,653 (-90.9%), from €6,218 to €565
- Financial charges +€5,120
up €5,120 (+356.7%), from €1,435 to €6,555
of which Non-recurring financial charges: +€5,906
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 | €311,989 | €347,947 | +€35,958 | +11.5% |
| Fixed assets | 21/28 | €7,932 | €54,147 | +€46,215 | +582.6% |
| Tangible fixed assets | 22/27 | €6,524 | €52,739 | +€46,215 | +708.3% |
| Plant, machinery and equipment | 23 | €2,828 | €1,853 | -€975 | -34.5% |
| Furniture and vehicles | 24 | €3,697 | €50,887 | +€47,190 | +1276.5% |
| Financial fixed assets | 28 | €1,408 | €1,408 | = | 0.0% |
| Current assets | 29/58 | €304,057 | €293,800 | -€10,257 | -3.4% |
| Amounts receivable after more than one year | 29 | €135,000 | €135,000 | = | 0.0% |
| Other amounts receivable | 291 | €135,000 | €135,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,000 | €2,800 | -€1,200 | -30.0% |
| Stocks | 30/36 | €4,000 | €2,800 | -€1,200 | -30.0% |
| Amounts receivable within one year | 40/41 | €108,162 | €117,283 | +€9,121 | +8.4% |
| Trade receivables | 40 | €108,138 | €106,921 | -€1,217 | -1.1% |
| Other amounts receivable | 41 | €24 | €10,362 | +€10,338 | +43220.8% |
| Cash at bank and in hand | 54/58 | €49,434 | €26,491 | -€22,943 | -46.4% |
| Deferred charges and accrued income | 490/1 | €7,460 | €12,226 | +€4,765 | +63.9% |
| Total equity and liabilities | 10/49 | €311,989 | €347,947 | +€35,958 | +11.5% |
| Equity | 10/15 | €232,108 | €185,559 | -€46,549 | -20.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €17,379 | €17,379 | = | 0.0% |
| Distributable reserves | 133 | €17,379 | €17,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,729 | €43,180 | -€46,549 | -51.9% |
| Amounts payable | 17/49 | €79,881 | €162,388 | +€82,507 | +103.3% |
| Amounts payable after more than one year | 17 | - | €36,070 | +€36,070 | |
| Financial debts | 170/4 | - | €36,070 | +€36,070 | |
| Amounts payable within one year | 42/48 | €40,719 | €125,271 | +€84,553 | +207.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,636 | +€6,636 | |
| Trade debts | 44 | €22,532 | €97,496 | +€74,964 | +332.7% |
| Suppliers | 440/4 | €22,532 | €97,496 | +€74,964 | +332.7% |
| Taxes, remuneration and social security | 45 | €17,268 | €21,139 | +€3,871 | +22.4% |
| Taxes | 450/3 | €6,012 | €8,818 | +€2,806 | +46.7% |
| Remuneration and social security | 454/9 | €11,256 | €12,321 | +€1,064 | +9.5% |
| Other amounts payable | 47/48 | €918 | - | -€918 | |
| Accrued charges and deferred income | 492/3 | €39,163 | €1,046 | -€38,117 | -97.3% |
| Remuneration, social security and pensions | 62 | €120,200 | €127,837 | +€7,637 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,637 | €3,895 | +€1,258 | +47.7% |
| Other operating charges | 640/8 | €1,195 | €1,247 | +€52 | +4.4% |
| Gross operating margin | 9900 | €121,772 | €85,320 | -€36,451 | -29.9% |
| Operating profit (loss) | 9901 | -€2,261 | -€47,660 | -€45,399 | -2007.8% |
| Financial income | 75/76B | €19,324 | €8,231 | -€11,093 | -57.4% |
| Recurring financial income | 75 | €14,517 | €8,231 | -€6,286 | -43.3% |
| Non-recurring financial income | 76B | €4,807 | - | -€4,807 | |
| Financial charges | 65/66B | €1,435 | €6,555 | +€5,120 | +356.7% |
| Recurring financial charges | 65 | €1,435 | €649 | -€786 | -54.8% |
| Non-recurring financial charges | 66B | - | €5,906 | +€5,906 | |
| Profit (loss) for the period before taxes | 9903 | €15,628 | -€45,984 | -€61,612 | |
| Income taxes | 67/77 | €6,218 | €565 | -€5,653 | -90.9% |
| Profit (loss) for the period | 9904 | €9,410 | -€46,549 | -€55,959 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,410 | -€46,549 | -€55,959 |
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 10 October 2026 via checked.be.