E.B.S.: 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.S.
Largest movements
- Cash -€24,424
down €24,424 (-43.0%), from €56,804 to €32,380
mainly Receivables within one year (-€21,226) and Current portion of long-term debt (-€17,588)
- Receivables within one year +€21,226
up €21,226 (+76.3%), from €27,813 to €49,040
of which Trade receivables: +€14,779
- Tangible fixed assets -€19,331
down €19,331 (-71.8%), from €26,938 to €7,607
of which Leasing and similar rights: -€15,650
- Deferred charges and accrued income +€7,681
up €7,681 (+712.5%), from €1,078 to €8,759
- Current portion of long-term debt -€17,588
no longer reported in 2025 (was €17,588)
- Trade debts +€8,441
up €8,441 (+170.5%), from €4,950 to €13,390
- Other debts -€3,185
down €3,185 (-80.3%), from €3,967 to €783
- Reserves -€1,275
down €1,275 (-2.0%), from €63,884 to €62,609
- Gross operating margin -€19,637
down €19,637 (-33.4%), from €58,714 to €39,078
- Taxes -€7,260
down €7,260 (-91.8%), from €7,905 to €644
- Staff costs +€7,011
up €7,011 (+142.0%), from €4,937 to €11,948
- Other operating charges +€2,694
up €2,694 (+49.5%), from €5,440 to €8,134
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 | €112,634 | €97,786 | -€14,848 | -13.2% |
| Fixed assets | 21/28 | €26,938 | €7,607 | -€19,331 | -71.8% |
| Tangible fixed assets | 22/27 | €26,938 | €7,607 | -€19,331 | -71.8% |
| Plant, machinery and equipment | 23 | €7,216 | €5,303 | -€1,914 | -26.5% |
| Furniture and vehicles | 24 | €2,767 | €1,000 | -€1,767 | -63.8% |
| Leasing and similar rights | 25 | €16,955 | €1,304 | -€15,650 | -92.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €85,696 | €90,178 | +€4,483 | +5.2% |
| Amounts receivable within one year | 40/41 | €27,813 | €49,040 | +€21,226 | +76.3% |
| Trade receivables | 40 | €19,130 | €33,909 | +€14,779 | +77.3% |
| Other amounts receivable | 41 | €8,683 | €15,131 | +€6,448 | +74.3% |
| Cash at bank and in hand | 54/58 | €56,804 | €32,380 | -€24,424 | -43.0% |
| Deferred charges and accrued income | 490/1 | €1,078 | €8,759 | +€7,681 | +712.5% |
| Total equity and liabilities | 10/49 | €112,634 | €97,786 | -€14,848 | -13.2% |
| Equity | 10/15 | €83,294 | €81,609 | -€1,685 | -2.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €63,884 | €62,609 | -€1,275 | -2.0% |
| Distributable reserves | 133 | €63,884 | €62,609 | -€1,275 | -2.0% |
| Investment grants | 15 | €410 | - | -€410 | |
| Amounts payable | 17/49 | €29,339 | €16,176 | -€13,163 | -44.9% |
| Amounts payable within one year | 42/48 | €29,339 | €16,176 | -€13,163 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €17,588 | - | -€17,588 | |
| Trade debts | 44 | €4,950 | €13,390 | +€8,441 | +170.5% |
| Suppliers | 440/4 | €4,950 | €13,390 | +€8,441 | +170.5% |
| Taxes, remuneration and social security | 45 | €2,835 | €2,003 | -€832 | -29.3% |
| Taxes | 450/3 | €2,429 | €405 | -€2,024 | -83.3% |
| Remuneration and social security | 454/9 | €406 | €1,599 | +€1,193 | +294.0% |
| Other amounts payable | 47/48 | €3,967 | €783 | -€3,185 | -80.3% |
| Remuneration, social security and pensions | 62 | €4,937 | €11,948 | +€7,011 | +142.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,749 | €19,331 | +€582 | +3.1% |
| Other operating charges | 640/8 | €5,440 | €8,134 | +€2,694 | +49.5% |
| Gross operating margin | 9900 | €58,714 | €39,078 | -€19,637 | -33.4% |
| Operating profit (loss) | 9901 | €29,588 | -€335 | -€29,923 | |
| Financial income | 75/76B | €410 | €410 | +€0 | 0.0% |
| Recurring financial income | 75 | €410 | €410 | +€0 | 0.0% |
| Financial charges | 65/66B | €753 | €705 | -€48 | -6.4% |
| Recurring financial charges | 65 | €753 | €705 | -€48 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €29,245 | -€630 | -€29,875 | |
| Income taxes | 67/77 | €7,905 | €644 | -€7,260 | -91.8% |
| Profit (loss) for the period | 9904 | €21,340 | -€1,275 | -€22,615 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,340 | -€1,275 | -€22,615 |
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 11 October 2026 via checked.be.