EB INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€67,051
down €67,051 (-6.6%), from €1.0m to €946,172
of which Land and buildings: -€93,552
- Cash +€43,664
up €43,664 (+313%), from €13,963 to €57,627
mainly Net result for the year (+€172,305) and Depreciation (+€123,678)
- Receivables within one year +€41,521
up €41,521 (+5,551%), from €748 to €42,269
of which Trade receivables: +€38,406
- Debts after one year -€195,000
down €195,000 (-58.9%), from €331,250 to €136,250
- Reserves +€132,625
up €132,625 (+7,130%), from €1,860 to €134,485
of which Distributable reserves: +€132,625
- Profit (loss) carried forward +€39,680
up €39,680, from -€39,680 to €0
- Trade debts +€20,518
up €20,518 (+507%), from €4,049 to €24,566
- Other debts +€20,043
up €20,043 (+3.9%), from €516,855 to €536,898
- Gross operating margin +€135,495
up €135,495 (+72.9%), from €185,911 to €321,405
- Depreciation +€8,311
up €8,311 (+7.2%), from €115,367 to €123,678
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 | €1,027,934 | €1,046,068 | +€18,134 | +1.8% |
| Fixed assets | 21/28 | €1,013,223 | €946,172 | -€67,051 | -6.6% |
| Tangible fixed assets | 22/27 | €1,013,223 | €946,172 | -€67,051 | -6.6% |
| Land and buildings | 22 | €1,013,223 | €919,671 | -€93,552 | -9.2% |
| Plant, machinery and equipment | 23 | - | €2,575 | +€2,575 | |
| Furniture and vehicles | 24 | - | €23,926 | +€23,926 | |
| Current assets | 29/58 | €14,711 | €99,896 | +€85,184 | +579% |
| Amounts receivable within one year | 40/41 | €748 | €42,269 | +€41,521 | +5,551% |
| Trade receivables | 40 | €748 | €39,154 | +€38,406 | +5,135% |
| Other amounts receivable | 41 | - | €3,114 | +€3,114 | |
| Cash at bank and in hand | 54/58 | €13,963 | €57,627 | +€43,664 | +313% |
| Total equity and liabilities | 10/49 | €1,027,934 | €1,046,068 | +€18,134 | +1.8% |
| Equity | 10/15 | -€19,220 | €153,085 | +€172,305 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €134,485 | +€132,625 | +7,130% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €134,485 | +€132,625 | +7,130% |
| Profit (loss) carried forward | 14 | -€39,680 | €0 | +€39,680 | |
| Amounts payable | 17/49 | €1,047,154 | €892,982 | -€154,172 | -14.7% |
| Amounts payable after more than one year | 17 | €331,250 | €136,250 | -€195,000 | -58.9% |
| Financial debts | 170/4 | €331,250 | €136,250 | -€195,000 | -58.9% |
| Amounts payable within one year | 42/48 | €715,904 | €756,732 | +€40,828 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €195,000 | €195,000 | = | 0.0% |
| Trade debts | 44 | €4,049 | €24,566 | +€20,518 | +507% |
| Suppliers | 440/4 | €4,049 | €24,566 | +€20,518 | +507% |
| Taxes, remuneration and social security | 45 | - | €268 | +€268 | |
| Taxes | 450/3 | - | €268 | +€268 | |
| Other amounts payable | 47/48 | €516,855 | €536,898 | +€20,043 | +3.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,367 | €123,678 | +€8,311 | +7.2% |
| Other operating charges | 640/8 | €21,004 | €19,472 | -€1,531 | -7.3% |
| Gross operating margin | 9900 | €185,911 | €321,405 | +€135,495 | +72.9% |
| Operating profit (loss) | 9901 | €49,540 | €178,255 | +€128,715 | +260% |
| Financial income | 75/76B | €81 | €18 | -€63 | -77.6% |
| Recurring financial income | 75 | €81 | €18 | -€63 | -77.6% |
| Financial charges | 65/66B | €8,070 | €5,696 | -€2,374 | -29.4% |
| Recurring financial charges | 65 | €8,070 | €5,696 | -€2,374 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €41,550 | €172,577 | +€131,026 | +315% |
| Income taxes | 67/77 | €24 | €272 | +€247 | +1,023% |
| Profit (loss) for the period | 9904 | €41,526 | €172,305 | +€130,779 | +315% |
| Profit (loss) for the period to be appropriated | 9905 | €41,526 | €172,305 | +€130,779 | +315% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.