EBA GROUP: 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.
EBA GROUP
Largest movements
- Receivables within one year +€619,059
up €619,059 (+120%), from €515,568 to €1.1m
of which Trade receivables: +€550,522
- Cash +€341,080
up €341,080 (+441%), from €77,309 to €418,389
mainly Net result for the year (+€508,265) and Trade debts (+€287,522)
- Stocks and contracts +€250,328
up €250,328 (+476%), from €52,632 to €302,960
- Tangible fixed assets +€128,503
up €128,503 (+119%), from €107,545 to €236,048
of which Furniture and vehicles: +€75,326
- Reserves +€457,439
up €457,439 (+132%), from €346,988 to €804,427
- Trade debts +€287,522
up €287,522 (+219%), from €131,237 to €418,759
- Short-term financial debts +€180,000
new in 2025: €180,000
- Debts after one year +€165,972
up €165,972 (+149%), from €111,422 to €277,394
- Current portion of long-term debt +€150,864
up €150,864 (+321%), from €46,945 to €197,809
- Gross operating margin +€633,610
up €633,610 (+127%), from €498,840 to €1.1m
- Staff costs +€262,456
up €262,456 (+223%), from €117,707 to €380,163
- Taxes +€54,172
up €54,172 (+59.8%), from €90,529 to €144,702
- Depreciation +€34,547
up €34,547 (+209%), from €16,561 to €51,107
- Financial charges +€24,774
up €24,774 (+511%), from €4,847 to €29,621
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 | €753,071 | €2,105,559 | +€1.4m | +180% |
| Fixed assets | 21/28 | €107,545 | €248,412 | +€140,867 | +131% |
| Tangible fixed assets | 22/27 | €107,545 | €236,048 | +€128,503 | +119% |
| Plant, machinery and equipment | 23 | €56,857 | €110,034 | +€53,177 | +93.5% |
| Furniture and vehicles | 24 | €50,689 | €126,014 | +€75,326 | +149% |
| Financial fixed assets | 28 | - | €12,364 | +€12,364 | |
| Current assets | 29/58 | €645,526 | €1,857,147 | +€1.2m | +188% |
| Stocks and contracts in progress | 3 | €52,632 | €302,960 | +€250,328 | +476% |
| Contracts in progress | 37 | €52,632 | €302,960 | +€250,328 | +476% |
| Amounts receivable within one year | 40/41 | €515,568 | €1,134,627 | +€619,059 | +120% |
| Trade receivables | 40 | €496,503 | €1,047,024 | +€550,522 | +111% |
| Other amounts receivable | 41 | €19,066 | €87,603 | +€68,537 | +359% |
| Cash at bank and in hand | 54/58 | €77,309 | €418,389 | +€341,080 | +441% |
| Deferred charges and accrued income | 490/1 | €16 | €1,170 | +€1,154 | +7,094% |
| Total equity and liabilities | 10/49 | €753,071 | €2,105,559 | +€1.4m | +180% |
| Equity | 10/15 | €361,988 | €819,427 | +€457,439 | +126% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €346,988 | €804,427 | +€457,439 | +132% |
| Distributable reserves | 133 | €346,988 | €804,427 | +€457,439 | +132% |
| Amounts payable | 17/49 | €391,083 | €1,286,132 | +€895,049 | +229% |
| Amounts payable after more than one year | 17 | €111,422 | €277,394 | +€165,972 | +149% |
| Financial debts | 170/4 | €111,422 | €277,394 | +€165,972 | +149% |
| Amounts payable within one year | 42/48 | €279,661 | €1,008,739 | +€729,078 | +261% |
| Current portion of amounts payable after more than one year | 42 | €46,945 | €197,809 | +€150,864 | +321% |
| Financial debts | 43 | - | €180,000 | +€180,000 | |
| Credit institutions | 430/8 | - | €180,000 | +€180,000 | |
| Trade debts | 44 | €131,237 | €418,759 | +€287,522 | +219% |
| Suppliers | 440/4 | €131,237 | €418,759 | +€287,522 | +219% |
| Taxes, remuneration and social security | 45 | €97,763 | €212,170 | +€114,407 | +117% |
| Taxes | 450/3 | €97,763 | €182,323 | +€84,560 | +86.5% |
| Remuneration and social security | 454/9 | - | €29,847 | +€29,847 | |
| Other amounts payable | 47/48 | €3,715 | - | -€3,715 | |
| Remuneration, social security and pensions | 62 | €117,707 | €380,163 | +€262,456 | +223% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,561 | €51,107 | +€34,547 | +209% |
| Other operating charges | 640/8 | €3,838 | €19,261 | +€15,423 | +402% |
| Gross operating margin | 9900 | €498,840 | €1,132,450 | +€633,610 | +127% |
| Operating profit (loss) | 9901 | €360,734 | €681,918 | +€321,184 | +89.0% |
| Financial income | 75/76B | €950 | €669 | -€281 | -29.5% |
| Recurring financial income | 75 | €950 | €669 | -€281 | -29.5% |
| Financial charges | 65/66B | €4,847 | €29,621 | +€24,774 | +511% |
| Recurring financial charges | 65 | €4,847 | €29,621 | +€24,774 | +511% |
| Profit (loss) for the period before taxes | 9903 | €356,837 | €652,967 | +€296,129 | +83.0% |
| Income taxes | 67/77 | €90,529 | €144,702 | +€54,172 | +59.8% |
| Profit (loss) for the period | 9904 | €266,308 | €508,265 | +€241,957 | +90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €266,308 | €508,265 | +€241,957 | +90.9% |
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 29 October 2026 via checked.be.