E-Bis: 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.
E-Bis
Largest movements
- Stocks and contracts +€139,289
up €139,289 (+44.0%), from €316,715 to €456,004
- Receivables within one year +€128,743
up €128,743 (+59.7%), from €215,762 to €344,505
of which Trade receivables: +€160,768
- Cash +€16,400
up €16,400 (+16.3%), from €100,837 to €117,237
mainly Net result for the year (+€340,490) and Tax, wage and social debts (+€31,180)
- Reserves +€340,490
up €340,490 (+160.8%), from €211,727 to €552,217
- Trade debts -€50,121
down €50,121 (-12.4%), from €403,398 to €353,277
- Tax, wage and social debts +€31,180
up €31,180 (+3063.8%), from €1,018 to €32,197
- Accrued charges and deferred income -€29,895
down €29,895 (-100.0%), from €29,895 to €0
- Gross operating margin +€310,069
up €310,069 (+169.5%), from €182,915 to €492,983
- Taxes +€84,475
up €84,475 (+246.4%), from €34,286 to €118,761
- Write-downs -€15,484
down €15,484 (-39.2%), from €39,480 to €23,996
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 | €661,124 | €945,524 | +€284,400 | +43.0% |
| Fixed assets | 21/28 | €27,485 | €27,388 | -€96 | -0.4% |
| Tangible fixed assets | 22/27 | €27,485 | €25,638 | -€1,846 | -6.7% |
| Plant, machinery and equipment | 23 | €27,485 | €22,455 | -€5,030 | -18.3% |
| Furniture and vehicles | 24 | - | €3,184 | +€3,184 | |
| Financial fixed assets | 28 | - | €1,750 | +€1,750 | |
| Current assets | 29/58 | €633,639 | €918,136 | +€284,496 | +44.9% |
| Stocks and contracts in progress | 3 | €316,715 | €456,004 | +€139,289 | +44.0% |
| Stocks | 30/36 | €316,715 | €456,004 | +€139,289 | +44.0% |
| Amounts receivable within one year | 40/41 | €215,762 | €344,505 | +€128,743 | +59.7% |
| Trade receivables | 40 | €165,292 | €326,061 | +€160,768 | +97.3% |
| Other amounts receivable | 41 | €50,470 | €18,444 | -€32,026 | -63.5% |
| Cash at bank and in hand | 54/58 | €100,837 | €117,237 | +€16,400 | +16.3% |
| Deferred charges and accrued income | 490/1 | €326 | €390 | +€64 | +19.7% |
| Total equity and liabilities | 10/49 | €661,124 | €945,524 | +€284,400 | +43.0% |
| Equity | 10/15 | €213,727 | €554,217 | +€340,490 | +159.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €211,727 | €552,217 | +€340,490 | +160.8% |
| Distributable reserves | 133 | €211,727 | €552,217 | +€340,490 | +160.8% |
| Amounts payable | 17/49 | €447,397 | €391,307 | -€56,090 | -12.5% |
| Amounts payable within one year | 42/48 | €417,502 | €391,307 | -€26,195 | -6.3% |
| Financial debts | 43 | €293 | €1,158 | +€864 | +294.8% |
| Credit institutions | 430/8 | €293 | €1,158 | +€864 | +294.8% |
| Trade debts | 44 | €403,398 | €353,277 | -€50,121 | -12.4% |
| Suppliers | 440/4 | €403,398 | €353,277 | -€50,121 | -12.4% |
| Advances received on contracts in progress | 46 | €12,268 | €4,675 | -€7,593 | -61.9% |
| Taxes, remuneration and social security | 45 | €1,018 | €32,197 | +€31,180 | +3063.8% |
| Taxes | 450/3 | €1,018 | €32,197 | +€31,180 | +3063.8% |
| Other amounts payable | 47/48 | €524 | €0 | -€524 | -100.0% |
| Accrued charges and deferred income | 492/3 | €29,895 | €0 | -€29,895 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,585 | €8,004 | +€419 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,480 | €23,996 | -€15,484 | -39.2% |
| Other operating charges | 640/8 | €1,114 | €1,157 | +€42 | +3.8% |
| Gross operating margin | 9900 | €182,915 | €492,983 | +€310,069 | +169.5% |
| Operating profit (loss) | 9901 | €134,735 | €459,826 | +€325,091 | +241.3% |
| Financial income | 75/76B | €286 | €298 | +€12 | +4.2% |
| Recurring financial income | 75 | €286 | €298 | +€12 | +4.2% |
| Financial charges | 65/66B | €93 | €874 | +€780 | +838.5% |
| Recurring financial charges | 65 | €93 | €874 | +€780 | +838.5% |
| Profit (loss) for the period before taxes | 9903 | €134,929 | €459,251 | +€324,323 | +240.4% |
| Income taxes | 67/77 | €34,286 | €118,761 | +€84,475 | +246.4% |
| Profit (loss) for the period | 9904 | €100,642 | €340,490 | +€239,848 | +238.3% |
| Profit (loss) for the period to be appropriated | 9905 | €100,642 | €340,490 | +€239,848 | +238.3% |
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 30 September 2026 via checked.be.