E.B.P.T.: 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.P.T.
Largest movements
- Cash +€510,042
up €510,042 (+125%), from €408,475 to €918,517
mainly Current investments (+€275,000) and Net result for the year (+€116,444)
- Current investments -€275,000
no longer reported in 2025 (was €275,000)
- Tangible fixed assets -€17,630
down €17,630 (-53.1%), from €33,220 to €15,591
of which Furniture and vehicles: -€17,516
- Reserves +€116,444
up €116,444 (+31.9%), from €365,027 to €481,471
of which Distributable reserves: +€116,444
- Other debts +€33,686
up €33,686 (+18.1%), from €186,459 to €220,145
- Trade debts +€30,105
up €30,105 (+17.7%), from €169,687 to €199,791
of which Bills of exchange payable: +€29,906
- Tax, wage and social debts +€18,239
up €18,239 (+523%), from €3,489 to €21,728
- Accrued charges and deferred income +€9,600
new in 2025: €9,600
- Gross operating margin +€95,901
up €95,901 (+102%), from €93,751 to €189,652
- Taxes +€31,696
up €31,696 (+171%), from €18,567 to €50,263
- Purchases and services -€11,266
down €11,266 (-8.4%), from €133,884 to €122,618
- Financial income +€5,732
up €5,732 (+263%), from €2,177 to €7,909
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 | €743,262 | €951,336 | +€208,074 | +28.0% |
| Fixed assets | 21/28 | €43,220 | €25,591 | -€17,630 | -40.8% |
| Tangible fixed assets | 22/27 | €33,220 | €15,591 | -€17,630 | -53.1% |
| Furniture and vehicles | 24 | €32,310 | €14,794 | -€17,516 | -54.2% |
| Other tangible fixed assets | 26 | €910 | €797 | -€114 | -12.5% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €700,041 | €925,745 | +€225,703 | +32.2% |
| Amounts receivable within one year | 40/41 | €16,566 | €7,228 | -€9,338 | -56.4% |
| Trade receivables | 40 | - | €7,228 | +€7,228 | |
| Other amounts receivable | 41 | €16,566 | - | -€16,566 | |
| Current investments | 50/53 | €275,000 | - | -€275,000 | |
| Cash at bank and in hand | 54/58 | €408,475 | €918,517 | +€510,042 | +125% |
| Total equity and liabilities | 10/49 | €743,262 | €951,336 | +€208,074 | +28.0% |
| Equity | 10/15 | €383,627 | €500,071 | +€116,444 | +30.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €365,027 | €481,471 | +€116,444 | +31.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,066 | €17,066 | = | 0.0% |
| Distributable reserves | 133 | €346,102 | €462,545 | +€116,444 | +33.6% |
| Amounts payable | 17/49 | €359,634 | €451,264 | +€91,630 | +25.5% |
| Amounts payable within one year | 42/48 | €359,634 | €441,664 | +€82,030 | +22.8% |
| Trade debts | 44 | €169,687 | €199,791 | +€30,105 | +17.7% |
| Suppliers | 440/4 | - | €199 | +€199 | |
| Bills of exchange payable | 441 | €169,687 | €199,593 | +€29,906 | +17.6% |
| Taxes, remuneration and social security | 45 | €3,489 | €21,728 | +€18,239 | +523% |
| Taxes | 450/3 | €3,489 | €21,728 | +€18,239 | +523% |
| Other amounts payable | 47/48 | €186,459 | €220,145 | +€33,686 | +18.1% |
| Accrued charges and deferred income | 492/3 | - | €9,600 | +€9,600 | |
| Non-recurring operating income | 76A | €34 | €3 | -€31 | -92.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €133,884 | €122,618 | -€11,266 | -8.4% |
| Remuneration, social security and pensions | 62 | €468 | €90 | -€378 | -80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,716 | €17,630 | -€86 | -0.5% |
| Other operating charges | 640/8 | €887 | €852 | -€34 | -3.9% |
| Non-recurring operating charges | 66A | €2,712 | €18 | -€2,694 | -99.3% |
| Gross operating margin | 9900 | €93,751 | €189,652 | +€95,901 | +102% |
| Operating profit (loss) | 9901 | €71,968 | €171,063 | +€99,094 | +138% |
| Financial income | 75/76B | €2,177 | €7,909 | +€5,732 | +263% |
| Recurring financial income | 75 | €2,177 | €7,909 | +€5,732 | +263% |
| Financial charges | 65/66B | €11,683 | €12,265 | +€582 | +5.0% |
| Recurring financial charges | 65 | €11,683 | €12,146 | +€463 | +4.0% |
| Non-recurring financial charges | 66B | - | €119 | +€119 | |
| Profit (loss) for the period before taxes | 9903 | €62,462 | €166,707 | +€104,244 | +167% |
| Income taxes | 67/77 | €18,567 | €50,263 | +€31,696 | +171% |
| Profit (loss) for the period | 9904 | €43,895 | €116,444 | +€72,549 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €43,895 | €116,444 | +€72,549 | +165% |
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 20 October 2026 via checked.be.