EB ADVISORY: 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 ADVISORY
Largest movements
- Stocks and contracts -€138,319
down €138,319 (-39.6%), from €349,731 to €211,412
- Cash +€52,311
up €52,311 (+197%), from €26,561 to €78,871
mainly Stocks and contracts (+€138,319) and Net result for the year (+€75,578)
- Debts after one year -€165,000
down €165,000 (-82.9%), from €199,000 to €34,000
- Reserves +€74,745
up €74,745 (+83.8%), from €89,183 to €163,928
- Tax, wage and social debts +€3,804
up €3,804 (+12.4%), from €30,710 to €34,514
- Gross operating margin +€31,892
up €31,892 (+35.3%), from €90,389 to €122,280
- Financial charges +€9,377
up €9,377 (+235%), from €3,997 to €13,374
- Taxes +€7,310
up €7,310 (+29.2%), from €25,071 to €32,381
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 | €376,975 | €294,919 | -€82,055 | -21.8% |
| Fixed assets | 21/28 | €224 | €3,748 | +€3,524 | +1,571% |
| Tangible fixed assets | 22/27 | €131 | €3,654 | +€3,524 | +2,695% |
| Furniture and vehicles | 24 | €131 | €3,654 | +€3,524 | +2,695% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €376,750 | €291,172 | -€85,579 | -22.7% |
| Stocks and contracts in progress | 3 | €349,731 | €211,412 | -€138,319 | -39.6% |
| Stocks | 30/36 | €349,731 | €211,412 | -€138,319 | -39.6% |
| Cash at bank and in hand | 54/58 | €26,561 | €78,871 | +€52,311 | +197% |
| Deferred charges and accrued income | 490/1 | €458 | €888 | +€430 | +93.7% |
| Total equity and liabilities | 10/49 | €376,975 | €294,919 | -€82,055 | -21.8% |
| Equity | 10/15 | €92,183 | €166,928 | +€74,745 | +81.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €89,183 | €163,928 | +€74,745 | +83.8% |
| Distributable reserves | 133 | €89,183 | €163,928 | +€74,745 | +83.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €284,791 | €127,991 | -€156,800 | -55.1% |
| Amounts payable after more than one year | 17 | €199,000 | €34,000 | -€165,000 | -82.9% |
| Financial debts | 170/4 | €199,000 | €34,000 | -€165,000 | -82.9% |
| Amounts payable within one year | 42/48 | €85,749 | €93,755 | +€8,005 | +9.3% |
| Trade debts | 44 | €5,081 | €7,976 | +€2,894 | +57.0% |
| Suppliers | 440/4 | €5,081 | €7,976 | +€2,894 | +57.0% |
| Taxes, remuneration and social security | 45 | €30,710 | €34,514 | +€3,804 | +12.4% |
| Taxes | 450/3 | €30,710 | €34,514 | +€3,804 | +12.4% |
| Other amounts payable | 47/48 | €49,958 | €51,265 | +€1,307 | +2.6% |
| Accrued charges and deferred income | 492/3 | €42 | €237 | +€195 | +462% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42 | €787 | +€744 | +1,758% |
| Other operating charges | 640/8 | €0 | €161 | +€161 | |
| Gross operating margin | 9900 | €90,389 | €122,280 | +€31,892 | +35.3% |
| Operating profit (loss) | 9901 | €90,346 | €121,332 | +€30,986 | +34.3% |
| Financial income | 75/76B | €26 | €1 | -€25 | -97.1% |
| Recurring financial income | 75 | €26 | €1 | -€25 | -97.1% |
| Financial charges | 65/66B | €3,997 | €13,374 | +€9,377 | +235% |
| Recurring financial charges | 65 | €3,997 | €13,374 | +€9,377 | +235% |
| Profit (loss) for the period before taxes | 9903 | €86,375 | €107,959 | +€21,584 | +25.0% |
| Income taxes | 67/77 | €25,071 | €32,381 | +€7,310 | +29.2% |
| Profit (loss) for the period | 9904 | €61,304 | €75,578 | +€14,274 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,304 | €75,578 | +€14,274 | +23.3% |
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 16 October 2026 via checked.be.