EB20: 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.
EB20
Largest movements
- Tangible fixed assets +€48,615
up €48,615 (+429.1%), from €11,329 to €59,944
- Receivables within one year -€43,795
down €43,795 (-69.9%), from €62,638 to €18,843
of which Trade receivables: -€43,502
- Cash -€34,637
down €34,637 (-22.6%), from €153,528 to €118,891
mainly Contributions, distributions and other (-€86,310) and Investment in fixed assets (net) (-€53,796)
- Deferred charges and accrued income -€4,276
down €4,276 (-51.7%), from €8,277 to €4,000
- Other debts -€30,123
down €30,123 (-26.6%), from €113,058 to €82,935
- Gross operating margin +€11,309
up €11,309 (+11.1%), from €101,459 to €112,768
- Depreciation +€3,504
up €3,504 (+208.9%), from €1,678 to €5,181
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 | €235,772 | €201,678 | -€34,094 | -14.5% |
| Fixed assets | 21/28 | €11,329 | €59,944 | +€48,615 | +429.1% |
| Tangible fixed assets | 22/27 | €11,329 | €59,944 | +€48,615 | +429.1% |
| Furniture and vehicles | 24 | €11,329 | €59,944 | +€48,615 | +429.1% |
| Current assets | 29/58 | €224,443 | €141,734 | -€82,709 | -36.9% |
| Amounts receivable within one year | 40/41 | €62,638 | €18,843 | -€43,795 | -69.9% |
| Trade receivables | 40 | €62,341 | €18,838 | -€43,502 | -69.8% |
| Other amounts receivable | 41 | €297 | €4 | -€293 | -98.5% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €153,528 | €118,891 | -€34,637 | -22.6% |
| Deferred charges and accrued income | 490/1 | €8,277 | €4,000 | -€4,276 | -51.7% |
| Total equity and liabilities | 10/49 | €235,772 | €201,678 | -€34,094 | -14.5% |
| Equity | 10/15 | €106,310 | €103,975 | -€2,335 | -2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €86,310 | €83,975 | -€2,335 | -2.7% |
| Distributable reserves | 133 | €86,310 | €83,975 | -€2,335 | -2.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €129,461 | €97,703 | -€31,758 | -24.5% |
| Amounts payable within one year | 42/48 | €127,408 | €97,703 | -€29,705 | -23.3% |
| Trade debts | 44 | €2,583 | €663 | -€1,920 | -74.3% |
| Suppliers | 440/4 | €2,583 | €663 | -€1,920 | -74.3% |
| Taxes, remuneration and social security | 45 | €11,767 | €14,105 | +€2,338 | +19.9% |
| Taxes | 450/3 | €9,450 | €14,105 | +€4,655 | +49.3% |
| Remuneration and social security | 454/9 | €2,317 | €0 | -€2,317 | -100.0% |
| Other amounts payable | 47/48 | €113,058 | €82,935 | -€30,123 | -26.6% |
| Accrued charges and deferred income | 492/3 | €2,054 | €0 | -€2,054 | -100.0% |
| Non-recurring operating income | 76A | - | €6,876 | +€6,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,678 | €5,181 | +€3,504 | +208.9% |
| Other operating charges | 640/8 | €886 | €912 | +€26 | +2.9% |
| Gross operating margin | 9900 | €101,459 | €112,768 | +€11,309 | +11.1% |
| Operating profit (loss) | 9901 | €98,895 | €106,675 | +€7,780 | +7.9% |
| Financial income | 75/76B | €1,059 | €1,090 | +€31 | +2.9% |
| Recurring financial income | 75 | €1,059 | €1,090 | +€31 | +2.9% |
| Financial charges | 65/66B | €1,994 | €2,708 | +€714 | +35.8% |
| Recurring financial charges | 65 | €1,994 | €2,708 | +€714 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €97,961 | €105,057 | +€7,096 | +7.2% |
| Income taxes | 67/77 | €20,020 | €21,082 | +€1,062 | +5.3% |
| Profit (loss) for the period | 9904 | €77,940 | €83,975 | +€6,035 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,940 | €83,975 | +€6,035 | +7.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.