EB MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables after one year -€480,006
down €480,006 (-100.0%), from €480,006 to €0
- Tangible fixed assets -€34,086
down €34,086 (-28.4%), from €120,156 to €86,069
of which Furniture and vehicles: -€23,782
- Current investments -€32,964
down €32,964 (-9.2%), from €357,024 to €324,060
- Reserves -€397,729
down €397,729 (-64.7%), from €614,619 to €216,890
of which Distributable reserves: -€397,729
- Other debts -€129,774
down €129,774 (-45.1%), from €287,853 to €158,079
- Financial income -€119,258
down €119,258 (-59.3%), from €201,030 to €81,771
- Financial charges -€48,097
down €48,097 (-93.3%), from €51,525 to €3,428
- Taxes -€45,623
down €45,623 (-86.4%), from €52,811 to €7,188
- Gross operating margin -€31,348
down €31,348, from €18,516 to -€12,832
- Purchases and services -€26,008
down €26,008 (-44.3%), from €58,683 to €32,675
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 | €977,914 | €448,035 | -€529,879 | -54.2% |
| Fixed assets | 21/28 | €120,156 | €86,069 | -€34,086 | -28.4% |
| Tangible fixed assets | 22/27 | €120,156 | €86,069 | -€34,086 | -28.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €26,891 | €3,108 | -€23,782 | -88.4% |
| Other tangible fixed assets | 26 | €93,265 | €82,961 | -€10,304 | -11.0% |
| Current assets | 29/58 | €857,758 | €361,966 | -€495,792 | -57.8% |
| Amounts receivable after more than one year | 29 | €480,006 | €0 | -€480,006 | -100.0% |
| Other amounts receivable | 291 | €480,006 | €0 | -€480,006 | -100.0% |
| Amounts receivable within one year | 40/41 | €2,414 | €11,205 | +€8,791 | +364.2% |
| Other amounts receivable | 41 | €2,414 | €11,205 | +€8,791 | +364.2% |
| Current investments | 50/53 | €357,024 | €324,060 | -€32,964 | -9.2% |
| Cash at bank and in hand | 54/58 | €15,080 | €23,249 | +€8,169 | +54.2% |
| Deferred charges and accrued income | 490/1 | €3,234 | €3,451 | +€217 | +6.7% |
| Total equity and liabilities | 10/49 | €977,914 | €448,035 | -€529,879 | -54.2% |
| Equity | 10/15 | €633,219 | €235,490 | -€397,729 | -62.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €614,619 | €216,890 | -€397,729 | -64.7% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €614,619 | €216,890 | -€397,729 | -64.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €344,695 | €212,545 | -€132,150 | -38.3% |
| Amounts payable within one year | 42/48 | €341,629 | €210,960 | -€130,670 | -38.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,160 | €1,446 | -€1,714 | -54.3% |
| Suppliers | 440/4 | €3,160 | €1,446 | -€1,714 | -54.3% |
| Taxes, remuneration and social security | 45 | €50,616 | €51,435 | +€819 | +1.6% |
| Taxes | 450/3 | €50,616 | €51,435 | +€819 | +1.6% |
| Other amounts payable | 47/48 | €287,853 | €158,079 | -€129,774 | -45.1% |
| Accrued charges and deferred income | 492/3 | €3,066 | €1,585 | -€1,480 | -48.3% |
| Turnover | 70 | €20,000 | €6,160 | -€13,840 | -69.2% |
| Non-recurring operating income | 76A | €33,103 | €0 | -€33,103 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €58,683 | €32,675 | -€26,008 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,947 | €34,086 | +€140 | +0.4% |
| Other operating charges | 640/8 | €5,122 | €2,781 | -€2,341 | -45.7% |
| Gross operating margin | 9900 | €18,516 | -€12,832 | -€31,348 | |
| Operating profit (loss) | 9901 | -€20,552 | -€49,699 | -€29,147 | -141.8% |
| Financial income | 75/76B | €201,030 | €81,771 | -€119,258 | -59.3% |
| Recurring financial income | 75 | €201,030 | €81,771 | -€119,258 | -59.3% |
| Financial charges | 65/66B | €51,525 | €3,428 | -€48,097 | -93.3% |
| Recurring financial charges | 65 | €51,525 | €3,428 | -€48,097 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | €128,952 | €28,645 | -€100,308 | -77.8% |
| Income taxes | 67/77 | €52,811 | €7,188 | -€45,623 | -86.4% |
| Profit (loss) for the period | 9904 | €76,142 | €21,456 | -€54,685 | -71.8% |
| Transfer from tax-exempt reserves | 789 | €126,300 | €0 | -€126,300 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €202,442 | €21,456 | -€180,985 | -89.4% |
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 9 October 2026 via checked.be.