E-bus Energy: 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-bus Energy
Largest movements
- Receivables within one year +€89,547
up €89,547 (+141%), from €63,676 to €153,223
of which Trade receivables: +€80,922
- Financial fixed assets -€28,710
no longer reported in 2025 (was €28,710)
- Tangible fixed assets +€18,824
up €18,824 (+30.7%), from €61,399 to €80,223
of which Plant, machinery and equipment: +€31,118
- Stocks and contracts -€18,000
no longer reported in 2025 (was €18,000)
- Cash +€6,112
up €6,112 (+58.1%), from €10,525 to €16,637
mainly Net result for the year (+€46,588) and Other debts (+€30,088)
- Reserves +€31,588
up €31,588 (+30.1%), from €105,108 to €136,696
of which Distributable reserves: +€31,588
- Other debts +€30,088
up €30,088 (+141%), from €21,361 to €51,448
- Trade debts +€13,670
up €13,670 (+50.3%), from €27,156 to €40,826
- Debts after one year -€7,572
down €7,572 (-21.2%), from €35,713 to €28,141
- Gross operating margin +€59,762
up €59,762 (+560%), from €10,673 to €70,435
- Financial charges +€29,031
up €29,031 (+3,228%), from €899 to €29,931
of which Non-recurring financial charges: +€28,710
- Financial income +€21,000
new in 2025: €21,000
of which Financial income: +€21,000
- Depreciation +€4,546
up €4,546 (+43.8%), from €10,371 to €14,916
- Taxes +€3,438
no longer reported in 2025 (was -€3,438)
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 | €202,310 | €270,083 | +€67,773 | +33.5% |
| Fixed assets | 21/28 | €90,109 | €80,223 | -€9,886 | -11.0% |
| Tangible fixed assets | 22/27 | €61,399 | €80,223 | +€18,824 | +30.7% |
| Plant, machinery and equipment | 23 | €8,240 | €39,358 | +€31,118 | +378% |
| Furniture and vehicles | 24 | €53,159 | €40,865 | -€12,294 | -23.1% |
| Financial fixed assets | 28 | €28,710 | - | -€28,710 | |
| Current assets | 29/58 | €112,201 | €189,860 | +€77,659 | +69.2% |
| Stocks and contracts in progress | 3 | €18,000 | - | -€18,000 | |
| Stocks | 30/36 | €18,000 | - | -€18,000 | |
| Amounts receivable within one year | 40/41 | €63,676 | €153,223 | +€89,547 | +141% |
| Trade receivables | 40 | €54,339 | €135,261 | +€80,922 | +149% |
| Other amounts receivable | 41 | €9,337 | €17,962 | +€8,626 | +92.4% |
| Cash at bank and in hand | 54/58 | €10,525 | €16,637 | +€6,112 | +58.1% |
| Deferred charges and accrued income | 490/1 | €20,000 | €20,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €202,310 | €270,083 | +€67,773 | +33.5% |
| Equity | 10/15 | €118,080 | €149,668 | +€31,588 | +26.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,108 | €136,696 | +€31,588 | +30.1% |
| 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 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €84,498 | €116,086 | +€31,588 | +37.4% |
| Profit (loss) carried forward | 14 | -€5,628 | -€5,628 | = | 0.0% |
| Amounts payable | 17/49 | €84,230 | €120,415 | +€36,185 | +43.0% |
| Amounts payable after more than one year | 17 | €35,713 | €28,141 | -€7,572 | -21.2% |
| Financial debts | 170/4 | €35,713 | €28,141 | -€7,572 | -21.2% |
| Amounts payable within one year | 42/48 | €48,517 | €92,275 | +€43,758 | +90.2% |
| Trade debts | 44 | €27,156 | €40,826 | +€13,670 | +50.3% |
| Suppliers | 440/4 | €27,156 | €40,826 | +€13,670 | +50.3% |
| Other amounts payable | 47/48 | €21,361 | €51,448 | +€30,088 | +141% |
| Non-recurring operating income | 76A | €1,680 | €77 | -€1,602 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,371 | €14,916 | +€4,546 | +43.8% |
| Gross operating margin | 9900 | €10,673 | €70,435 | +€59,762 | +560% |
| Operating profit (loss) | 9901 | €303 | €55,519 | +€55,216 | +18,244% |
| Financial income | 75/76B | - | €21,000 | +€21,000 | |
| Recurring financial income | 75 | - | €21,000 | +€21,000 | |
| Non-recurring financial income | 76B | - | €21,000 | +€21,000 | |
| Financial charges | 65/66B | €899 | €29,931 | +€29,031 | +3,228% |
| Recurring financial charges | 65 | €899 | €1,221 | +€321 | +35.7% |
| Non-recurring financial charges | 66B | - | €28,710 | +€28,710 | |
| Profit (loss) for the period before taxes | 9903 | -€597 | €46,588 | +€47,185 | |
| Income taxes | 67/77 | -€3,438 | - | +€3,438 | |
| Profit (loss) for the period | 9904 | €2,841 | €46,588 | +€43,747 | +1,540% |
| Profit (loss) for the period to be appropriated | 9905 | €2,841 | €46,588 | +€43,747 | +1,540% |
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 24 October 2026 via checked.be.