e-bex: 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-bex
Largest movements
- Cash +€12,498
up €12,498 (+122%), from €10,271 to €22,769
mainly Stocks and contracts (+€12,401) and Depreciation (+€9,856)
- Stocks and contracts -€12,401
down €12,401 (-11.2%), from €110,967 to €98,566
- Tangible fixed assets -€9,856
down €9,856 (-53.8%), from €18,322 to €8,466
- Deferred charges and accrued income +€2,283
up €2,283 (+121%), from €1,890 to €4,173
- Receivables within one year -€2,190
down €2,190 (-62.5%), from €3,502 to €1,312
of which Other amounts receivable: -€2,504
- Current portion of long-term debt -€9,599
down €9,599 (-92.6%), from €10,362 to €763
- Profit (loss) carried forward +€9,443
up €9,443 (+13.3%), from €71,044 to €80,487
- Other debts -€7,157
down €7,157 (-27.6%), from €25,902 to €18,745
- Staff costs -€48,853
down €48,853 (-54.5%), from €89,576 to €40,723
- Gross operating margin -€41,945
down €41,945 (-37.6%), from €111,545 to €69,600
- Financial income -€12,376
no longer reported in 2025 (was €12,376)
of which Non-recurring financial income: -€12,375
- Depreciation -€3,425
down €3,425 (-25.8%), from €13,281 to €9,856
- Taxes -€1,654
down €1,654 (-23.3%), from €7,105 to €5,451
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 | €152,327 | €142,661 | -€9,666 | -6.3% |
| Fixed assets | 21/28 | €25,697 | €15,841 | -€9,856 | -38.4% |
| Tangible fixed assets | 22/27 | €18,322 | €8,466 | -€9,856 | -53.8% |
| Furniture and vehicles | 24 | €18,322 | €8,466 | -€9,856 | -53.8% |
| Financial fixed assets | 28 | €7,375 | €7,375 | = | 0.0% |
| Current assets | 29/58 | €126,630 | €126,820 | +€190 | +0.2% |
| Stocks and contracts in progress | 3 | €110,967 | €98,566 | -€12,401 | -11.2% |
| Stocks | 30/36 | €110,967 | €98,566 | -€12,401 | -11.2% |
| Amounts receivable within one year | 40/41 | €3,502 | €1,312 | -€2,190 | -62.5% |
| Trade receivables | 40 | - | €314 | +€314 | |
| Other amounts receivable | 41 | €3,502 | €998 | -€2,504 | -71.5% |
| Cash at bank and in hand | 54/58 | €10,271 | €22,769 | +€12,498 | +122% |
| Deferred charges and accrued income | 490/1 | €1,890 | €4,173 | +€2,283 | +121% |
| Total equity and liabilities | 10/49 | €152,327 | €142,661 | -€9,666 | -6.3% |
| Equity | 10/15 | €91,504 | €100,947 | +€9,443 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,044 | €80,487 | +€9,443 | +13.3% |
| Amounts payable | 17/49 | €60,823 | €41,714 | -€19,109 | -31.4% |
| Amounts payable after more than one year | 17 | €763 | - | -€763 | |
| Financial debts | 170/4 | €763 | - | -€763 | |
| Amounts payable within one year | 42/48 | €60,060 | €41,714 | -€18,346 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €10,362 | €763 | -€9,599 | -92.6% |
| Trade debts | 44 | €1,496 | €389 | -€1,107 | -74.0% |
| Suppliers | 440/4 | €1,496 | €389 | -€1,107 | -74.0% |
| Taxes, remuneration and social security | 45 | €22,300 | €21,817 | -€483 | -2.2% |
| Taxes | 450/3 | €13,634 | €16,151 | +€2,517 | +18.5% |
| Remuneration and social security | 454/9 | €8,666 | €5,666 | -€3,000 | -34.6% |
| Other amounts payable | 47/48 | €25,902 | €18,745 | -€7,157 | -27.6% |
| Remuneration, social security and pensions | 62 | €89,576 | €40,723 | -€48,853 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,281 | €9,856 | -€3,425 | -25.8% |
| Other operating charges | 640/8 | €1,269 | €951 | -€318 | -25.1% |
| Gross operating margin | 9900 | €111,545 | €69,600 | -€41,945 | -37.6% |
| Operating profit (loss) | 9901 | €7,419 | €18,070 | +€10,651 | +144% |
| Financial income | 75/76B | €12,376 | - | -€12,376 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €12,375 | - | -€12,375 | |
| Financial charges | 65/66B | €2,793 | €3,176 | +€383 | +13.7% |
| Recurring financial charges | 65 | €2,793 | €3,176 | +€383 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €17,002 | €14,894 | -€2,108 | -12.4% |
| Income taxes | 67/77 | €7,105 | €5,451 | -€1,654 | -23.3% |
| Profit (loss) for the period | 9904 | €9,897 | €9,443 | -€454 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,897 | €9,443 | -€454 | -4.6% |
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 28 October 2026 via checked.be.