EB-A: 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-A
Largest movements
- Tangible fixed assets -€31,672
down €31,672 (-11.0%), from €289,058 to €257,386
of which Land and buildings: -€22,850
- Cash -€15,112
down €15,112 (-4.8%), from €317,457 to €302,345
mainly Other debts (-€102,439) and Current portion of long-term debt (-€68,865)
- Profit (loss) carried forward +€111,292
up €111,292 (+98.7%), from €112,786 to €224,078
- Other debts -€102,439
down €102,439 (-32.2%), from €317,691 to €215,253
- Current portion of long-term debt -€68,865
no longer reported in 2025 (was €68,865)
- Trade debts +€10,013
up €10,013 (+24.6%), from €40,689 to €50,703
- Tax, wage and social debts +€6,686
up €6,686 (+14.8%), from €45,181 to €51,866
of which Taxes: +€6,629
- Gross operating margin +€14,746
up €14,746 (+7.0%), from €210,121 to €224,867
- Taxes +€2,658
up €2,658 (+7.4%), from €35,835 to €38,493
- Staff costs +€2,427
new in 2025: €2,427
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 | €614,623 | €571,310 | -€43,313 | -7.0% |
| Fixed assets | 21/28 | €289,058 | €257,386 | -€31,672 | -11.0% |
| Tangible fixed assets | 22/27 | €289,058 | €257,386 | -€31,672 | -11.0% |
| Land and buildings | 22 | €239,110 | €216,260 | -€22,850 | -9.6% |
| Furniture and vehicles | 24 | €47,601 | €39,249 | -€8,352 | -17.5% |
| Other tangible fixed assets | 26 | €2,347 | €1,878 | -€469 | -20.0% |
| Current assets | 29/58 | €325,564 | €313,924 | -€11,641 | -3.6% |
| Amounts receivable within one year | 40/41 | €8,108 | €11,579 | +€3,471 | +42.8% |
| Trade receivables | 40 | €8,108 | €11,579 | +€3,471 | +42.8% |
| Cash at bank and in hand | 54/58 | €317,457 | €302,345 | -€15,112 | -4.8% |
| Total equity and liabilities | 10/49 | €614,623 | €571,310 | -€43,313 | -7.0% |
| Equity | 10/15 | €129,446 | €240,738 | +€111,292 | +86.0% |
| Contributions | 10/11 | €14,800 | €14,800 | = | 0.0% |
| Capital | 10 | €14,800 | €14,800 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €3,800 | €3,800 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,786 | €224,078 | +€111,292 | +98.7% |
| Provisions and deferred taxes | 16 | €12,750 | €12,750 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,750 | €12,750 | = | 0.0% |
| Other liabilities and charges | 164/5 | €12,750 | €12,750 | = | 0.0% |
| Amounts payable | 17/49 | €472,427 | €317,822 | -€154,605 | -32.7% |
| Amounts payable within one year | 42/48 | €472,427 | €317,822 | -€154,605 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €68,865 | - | -€68,865 | |
| Trade debts | 44 | €40,689 | €50,703 | +€10,013 | +24.6% |
| Suppliers | 440/4 | €40,689 | €50,703 | +€10,013 | +24.6% |
| Taxes, remuneration and social security | 45 | €45,181 | €51,866 | +€6,686 | +14.8% |
| Taxes | 450/3 | €45,181 | €51,809 | +€6,629 | +14.7% |
| Remuneration and social security | 454/9 | - | €57 | +€57 | |
| Other amounts payable | 47/48 | €317,691 | €215,253 | -€102,439 | -32.2% |
| Non-recurring operating income | 76A | - | €3,140 | +€3,140 | |
| Remuneration, social security and pensions | 62 | - | €2,427 | +€2,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,783 | €69,534 | +€751 | +1.1% |
| Other operating charges | 640/8 | €3,559 | €2,012 | -€1,546 | -43.5% |
| Non-recurring operating charges | 66A | €12,750 | - | -€12,750 | |
| Gross operating margin | 9900 | €210,121 | €224,867 | +€14,746 | +7.0% |
| Operating profit (loss) | 9901 | €125,030 | €150,893 | +€25,863 | +20.7% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €1,265 | €1,108 | -€157 | -12.4% |
| Recurring financial charges | 65 | €1,265 | €1,108 | -€157 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €123,770 | €149,785 | +€26,014 | +21.0% |
| Income taxes | 67/77 | €35,835 | €38,493 | +€2,658 | +7.4% |
| Profit (loss) for the period | 9904 | €87,935 | €111,292 | +€23,357 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,935 | €111,292 | +€23,357 | +26.6% |
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 10 October 2026 via checked.be.