EB AP BV: 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.
EB AP BV
Largest movements
- Current investments +€865,000
new in 2025: €865,000
- Cash -€450,346
down €450,346 (-93.1%), from €483,541 to €33,195
mainly Current investments (-€865,000) and Investment in fixed assets (net) (-€283,202)
- Tangible fixed assets +€253,465
up €253,465 (+6522.8%), from €3,886 to €257,351
of which Furniture and vehicles: +€249,501
- Intangible fixed assets -€120,000
down €120,000 (-10.7%), from €1.1m to €999,781
- Reserves +€292,092
up €292,092 (+146.8%), from €198,975 to €491,067
- Debts after one year +€97,981
up €97,981 (+11.1%), from €883,408 to €981,389
- Tax, wage and social debts +€88,187
up €88,187 (+123.0%), from €71,717 to €159,904
- Current portion of long-term debt +€54,409
up €54,409 (+56.3%), from €96,592 to €151,001
- Gross operating margin +€233,750
up €233,750 (+67.7%), from €345,074 to €578,824
- Depreciation +€68,366
up €68,366 (+84.1%), from €81,333 to €149,700
- Financial charges +€44,473
up €44,473 (+4288.3%), from €1,037 to €45,510
- Taxes +€36,129
up €36,129 (+57.6%), from €62,717 to €98,846
- Financial income +€9,329
new in 2025: €9,329
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 | €1,679,036 | €2,226,732 | +€547,696 | +32.6% |
| Fixed assets | 21/28 | €1,123,967 | €1,257,469 | +€133,502 | +11.9% |
| Intangible fixed assets | 21 | €1,119,781 | €999,781 | -€120,000 | -10.7% |
| Tangible fixed assets | 22/27 | €3,886 | €257,351 | +€253,465 | +6522.8% |
| Plant, machinery and equipment | 23 | €2,604 | €2,682 | +€78 | +3.0% |
| Furniture and vehicles | 24 | €1,282 | €250,783 | +€249,501 | +19456.9% |
| Other tangible fixed assets | 26 | - | €3,886 | +€3,886 | |
| Financial fixed assets | 28 | €300 | €337 | +€37 | +12.3% |
| Current assets | 29/58 | €555,069 | €969,263 | +€414,194 | +74.6% |
| Amounts receivable within one year | 40/41 | - | €1,109 | +€1,109 | |
| Trade receivables | 40 | - | €1,109 | +€1,109 | |
| Current investments | 50/53 | - | €865,000 | +€865,000 | |
| Cash at bank and in hand | 54/58 | €483,541 | €33,195 | -€450,346 | -93.1% |
| Deferred charges and accrued income | 490/1 | €71,528 | €69,959 | -€1,569 | -2.2% |
| Total equity and liabilities | 10/49 | €1,679,036 | €2,226,732 | +€547,696 | +32.6% |
| Equity | 10/15 | €199,975 | €492,067 | +€292,092 | +146.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €198,975 | €491,067 | +€292,092 | +146.8% |
| Distributable reserves | 133 | €198,975 | €491,067 | +€292,092 | +146.8% |
| Amounts payable | 17/49 | €1,479,061 | €1,734,665 | +€255,604 | +17.3% |
| Amounts payable after more than one year | 17 | €883,408 | €981,389 | +€97,981 | +11.1% |
| Financial debts | 170/4 | €883,408 | €981,389 | +€97,981 | +11.1% |
| Amounts payable within one year | 42/48 | €595,653 | €739,118 | +€143,465 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €96,592 | €151,001 | +€54,409 | +56.3% |
| Financial debts | 43 | €364 | €119 | -€245 | -67.3% |
| Credit institutions | 430/8 | €364 | €119 | -€245 | -67.3% |
| Trade debts | 44 | €5,823 | €2,516 | -€3,306 | -56.8% |
| Suppliers | 440/4 | €5,823 | €2,516 | -€3,306 | -56.8% |
| Taxes, remuneration and social security | 45 | €71,717 | €159,904 | +€88,187 | +123.0% |
| Taxes | 450/3 | €71,717 | €159,904 | +€88,187 | +123.0% |
| Other amounts payable | 47/48 | €421,157 | €425,577 | +€4,420 | +1.0% |
| Accrued charges and deferred income | 492/3 | - | €14,158 | +€14,158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,333 | €149,700 | +€68,366 | +84.1% |
| Other operating charges | 640/8 | €1,012 | €2,005 | +€993 | +98.2% |
| Gross operating margin | 9900 | €345,074 | €578,824 | +€233,750 | +67.7% |
| Operating profit (loss) | 9901 | €262,729 | €427,119 | +€164,391 | +62.6% |
| Financial income | 75/76B | - | €9,329 | +€9,329 | |
| Recurring financial income | 75 | - | €9,329 | +€9,329 | |
| Financial charges | 65/66B | €1,037 | €45,510 | +€44,473 | +4288.3% |
| Recurring financial charges | 65 | €1,037 | €45,510 | +€44,473 | +4288.3% |
| Profit (loss) for the period before taxes | 9903 | €261,692 | €390,938 | +€129,247 | +49.4% |
| Income taxes | 67/77 | €62,717 | €98,846 | +€36,129 | +57.6% |
| Profit (loss) for the period | 9904 | €198,975 | €292,092 | +€93,118 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €198,975 | €292,092 | +€93,118 | +46.8% |
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 6 October 2026 via checked.be.