EB: 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.
EB
Largest movements
- Cash +€19,629
up €19,629 (+108%), from €18,206 to €37,835
mainly Net result for the year (+€17,146) and Depreciation (+€10,919)
- Receivables after one year +€7,500
new in 2025: €7,500
- Tangible fixed assets -€7,334
down €7,334 (-15.4%), from €47,598 to €40,264
of which Furniture and vehicles: -€6,301
- Receivables within one year -€5,928
down €5,928 (-31.5%), from €18,829 to €12,901
of which Trade receivables: -€7,948
- Reserves +€17,146
up €17,146 (+47.6%), from €35,987 to €53,133
of which Distributable reserves: +€17,146
- Tax, wage and social debts -€3,348
down €3,348 (-43.6%), from €7,670 to €4,322
- Gross operating margin +€8,756
up €8,756 (+31.9%), from €27,428 to €36,184
- Depreciation +€5,190
up €5,190 (+90.6%), from €5,728 to €10,919
- Write-downs +€803
new in 2025: €803
- Taxes +€665
up €665 (+10.5%), from €6,359 to €7,024
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 | €94,265 | €107,219 | +€12,954 | +13.7% |
| Fixed assets | 21/28 | €48,048 | €40,264 | -€7,784 | -16.2% |
| Tangible fixed assets | 22/27 | €47,598 | €40,264 | -€7,334 | -15.4% |
| Land and buildings | 22 | €7,627 | €8,741 | +€1,114 | +14.6% |
| Plant, machinery and equipment | 23 | €7,982 | €5,836 | -€2,147 | -26.9% |
| Furniture and vehicles | 24 | €31,989 | €25,688 | -€6,301 | -19.7% |
| Financial fixed assets | 28 | €450 | - | -€450 | |
| Current assets | 29/58 | €46,217 | €66,955 | +€20,738 | +44.9% |
| Amounts receivable after more than one year | 29 | - | €7,500 | +€7,500 | |
| Trade receivables | 290 | - | €7,500 | +€7,500 | |
| Stocks and contracts in progress | 3 | €7,445 | €7,691 | +€246 | +3.3% |
| Stocks | 30/36 | €7,445 | €7,691 | +€246 | +3.3% |
| Amounts receivable within one year | 40/41 | €18,829 | €12,901 | -€5,928 | -31.5% |
| Trade receivables | 40 | €18,813 | €10,865 | -€7,948 | -42.2% |
| Other amounts receivable | 41 | €16 | €2,036 | +€2,020 | +12,916% |
| Cash at bank and in hand | 54/58 | €18,206 | €37,835 | +€19,629 | +108% |
| Deferred charges and accrued income | 490/1 | €1,737 | €1,028 | -€709 | -40.8% |
| Total equity and liabilities | 10/49 | €94,265 | €107,219 | +€12,954 | +13.7% |
| Equity | 10/15 | €83,797 | €100,943 | +€17,146 | +20.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €35,987 | €53,133 | +€17,146 | +47.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,127 | €51,273 | +€17,146 | +50.2% |
| Profit (loss) carried forward | 14 | €35,411 | €35,411 | = | 0.0% |
| Amounts payable | 17/49 | €10,468 | €6,276 | -€4,192 | -40.0% |
| Amounts payable within one year | 42/48 | €10,468 | €6,276 | -€4,192 | -40.0% |
| Trade debts | 44 | €2,798 | €1,954 | -€844 | -30.2% |
| Suppliers | 440/4 | €2,798 | €1,954 | -€844 | -30.2% |
| Taxes, remuneration and social security | 45 | €7,670 | €4,322 | -€3,348 | -43.6% |
| Taxes | 450/3 | €7,670 | €4,322 | -€3,348 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,728 | €10,919 | +€5,190 | +90.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €803 | +€803 | |
| Other operating charges | 640/8 | €537 | €400 | -€138 | -25.6% |
| Gross operating margin | 9900 | €27,428 | €36,184 | +€8,756 | +31.9% |
| Operating profit (loss) | 9901 | €21,162 | €24,062 | +€2,900 | +13.7% |
| Financial income | 75/76B | €0 | €218 | +€217 | +86,936% |
| Recurring financial income | 75 | €0 | €218 | +€217 | +86,936% |
| Financial charges | 65/66B | €18 | €110 | +€92 | +503% |
| Recurring financial charges | 65 | €18 | €110 | +€92 | +503% |
| Profit (loss) for the period before taxes | 9903 | €21,144 | €24,170 | +€3,026 | +14.3% |
| Income taxes | 67/77 | €6,359 | €7,024 | +€665 | +10.5% |
| Profit (loss) for the period | 9904 | €14,786 | €17,146 | +€2,361 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,786 | €17,146 | +€2,361 | +16.0% |
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 27 October 2026 via checked.be.