EB PROJECTS: 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 PROJECTS
Largest movements
- Stocks and contracts +€87,583
up €87,583 (+40.5%), from €216,141 to €303,724
- Tangible fixed assets -€85,586
down €85,586 (-21.6%), from €396,514 to €310,928
of which Leasing and similar rights: -€80,146
- Cash +€66,605
up €66,605 (+8.2%), from €810,747 to €877,352
mainly Net result for the year (+€321,893) and Other debts (+€290,374)
- Receivables within one year -€40,957
down €40,957 (-2.7%), from €1.5m to €1.5m
of which Trade receivables: -€47,559
- Other debts +€290,374
up €290,374 (+193.2%), from €150,325 to €440,699
- Tax, wage and social debts -€96,333
down €96,333 (-31.9%), from €302,066 to €205,733
of which Taxes: -€122,819
- Debts after one year -€69,541
down €69,541 (-41.0%), from €169,737 to €100,196
- Current portion of long-term debt -€61,057
down €61,057 (-48.7%), from €125,415 to €64,359
- Trade debts -€33,581
down €33,581 (-24.8%), from €135,657 to €102,076
- Gross operating margin -€506,760
down €506,760 (-21.0%), from €2.4m to €1.9m
- Taxes -€127,212
down €127,212 (-52.0%), from €244,494 to €117,283
- Staff costs +€44,916
up €44,916 (+3.5%), from €1.3m to €1.3m
- Depreciation -€31,688
down €31,688 (-21.4%), from €148,247 to €116,559
- Write-downs -€27,031
new in 2025: -€27,031
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 | €3,025,886 | €3,054,844 | +€28,958 | +1.0% |
| Fixed assets | 21/28 | €396,649 | €311,063 | -€85,586 | -21.6% |
| Tangible fixed assets | 22/27 | €396,514 | €310,928 | -€85,586 | -21.6% |
| Plant, machinery and equipment | 23 | €60,246 | €72,987 | +€12,741 | +21.1% |
| Furniture and vehicles | 24 | €33,407 | €15,226 | -€18,181 | -54.4% |
| Leasing and similar rights | 25 | €302,861 | €222,715 | -€80,146 | -26.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €2,629,237 | €2,743,781 | +€114,544 | +4.4% |
| Stocks and contracts in progress | 3 | €216,141 | €303,724 | +€87,583 | +40.5% |
| Stocks | 30/36 | €216,141 | €303,724 | +€87,583 | +40.5% |
| Amounts receivable within one year | 40/41 | €1,544,016 | €1,503,059 | -€40,957 | -2.7% |
| Trade receivables | 40 | €1,491,156 | €1,443,597 | -€47,559 | -3.2% |
| Other amounts receivable | 41 | €52,860 | €59,462 | +€6,602 | +12.5% |
| Cash at bank and in hand | 54/58 | €810,747 | €877,352 | +€66,605 | +8.2% |
| Deferred charges and accrued income | 490/1 | €58,332 | €59,646 | +€1,314 | +2.3% |
| Total equity and liabilities | 10/49 | €3,025,886 | €3,054,844 | +€28,958 | +1.0% |
| Equity | 10/15 | €2,138,173 | €2,138,176 | +€3 | 0.0% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €262,000 | €262,000 | = | 0.0% |
| Reserves | 13 | €1,876,173 | €1,876,176 | +€3 | 0.0% |
| Non-distributable reserves | 130/1 | €26,200 | €26,200 | = | 0.0% |
| Legal reserve | 130 | €26,200 | €26,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,400 | €168,400 | = | 0.0% |
| Distributable reserves | 133 | €1,681,573 | €1,681,576 | +€3 | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €887,713 | €916,668 | +€28,955 | +3.3% |
| Amounts payable after more than one year | 17 | €169,737 | €100,196 | -€69,541 | -41.0% |
| Financial debts | 170/4 | €169,737 | €100,196 | -€69,541 | -41.0% |
| Amounts payable within one year | 42/48 | €713,464 | €812,867 | +€99,403 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €125,415 | €64,359 | -€61,057 | -48.7% |
| Trade debts | 44 | €135,657 | €102,076 | -€33,581 | -24.8% |
| Suppliers | 440/4 | €135,657 | €102,076 | -€33,581 | -24.8% |
| Taxes, remuneration and social security | 45 | €302,066 | €205,733 | -€96,333 | -31.9% |
| Taxes | 450/3 | €147,940 | €25,121 | -€122,819 | -83.0% |
| Remuneration and social security | 454/9 | €154,126 | €180,612 | +€26,486 | +17.2% |
| Other amounts payable | 47/48 | €150,325 | €440,699 | +€290,374 | +193.2% |
| Accrued charges and deferred income | 492/3 | €4,512 | €3,604 | -€907 | -20.1% |
| Non-recurring operating income | 76A | €1,500 | €0 | -€1,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,283,828 | €1,328,744 | +€44,916 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,247 | €116,559 | -€31,688 | -21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€27,031 | -€27,031 | |
| Other operating charges | 640/8 | €10,827 | €37,836 | +€27,010 | +249.5% |
| Gross operating margin | 9900 | €2,414,495 | €1,907,736 | -€506,760 | -21.0% |
| Operating profit (loss) | 9901 | €971,594 | €451,628 | -€519,966 | -53.5% |
| Financial income | 75/76B | €5,750 | €9,185 | +€3,435 | +59.7% |
| Recurring financial income | 75 | €5,750 | €9,185 | +€3,435 | +59.7% |
| Financial charges | 65/66B | €21,497 | €21,637 | +€140 | +0.7% |
| Recurring financial charges | 65 | €21,497 | €21,637 | +€140 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €955,847 | €439,175 | -€516,672 | -54.1% |
| Income taxes | 67/77 | €244,494 | €117,283 | -€127,212 | -52.0% |
| Profit (loss) for the period | 9904 | €711,353 | €321,893 | -€389,460 | -54.7% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €0 | -€168,400 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €542,953 | €321,893 | -€221,060 | -40.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.