EBAC: 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.
EBAC
Largest movements
- Stocks and contracts -€797,229
down €797,229 (-19.0%), from €4.2m to €3.4m
- Receivables within one year -€572,281
down €572,281 (-54.9%), from €1.0m to €470,281
of which Other amounts receivable: -€599,689
- Cash +€227,410
up €227,410 (+109.3%), from €208,067 to €435,478
mainly Stocks and contracts (+€797,229) and Receivables within one year (+€572,281)
- Trade debts -€526,830
down €526,830 (-22.6%), from €2.3m to €1.8m
- Provisions -€438,191
down €438,191 (-54.2%), from €808,226 to €370,035
of which Provisions for liabilities and charges: -€248,305
- Advances received +€133,387
up €133,387 (+396.5%), from €33,637 to €167,025
- Reserves -€132,387
down €132,387 (-9.2%), from €1.4m to €1.3m
of which Tax-exempt reserves: -€759,545
- Current portion of long-term debt -€109,220
down €109,220 (-57.5%), from €189,851 to €80,631
- Gross operating margin -€209,497
down €209,497 (-14.7%), from €1.4m to €1.2m
- Provisions -€208,415
down €208,415 (-522.5%), from -€39,890 to -€248,305
- Taxes +€196,428
up €196,428 (+2120.1%), from €9,265 to €205,693
- Staff costs +€164,826
up €164,826 (+14.2%), from €1.2m to €1.3m
- Write-downs -€34,356
down €34,356 (-57.7%), from €59,587 to €25,230
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 | €5,830,465 | €4,733,209 | -€1.1m | -18.8% |
| Fixed assets | 21/28 | €388,754 | €433,597 | +€44,843 | +11.5% |
| Tangible fixed assets | 22/27 | €388,754 | €433,597 | +€44,843 | +11.5% |
| Land and buildings | 22 | €201,806 | €231,234 | +€29,428 | +14.6% |
| Plant, machinery and equipment | 23 | €179,602 | €192,409 | +€12,807 | +7.1% |
| Furniture and vehicles | 24 | €1,397 | €4,726 | +€3,329 | +238.3% |
| Other tangible fixed assets | 26 | €5,949 | €5,228 | -€721 | -12.1% |
| Current assets | 29/58 | €5,441,712 | €4,299,612 | -€1.1m | -21.0% |
| Stocks and contracts in progress | 3 | €4,191,083 | €3,393,854 | -€797,229 | -19.0% |
| Stocks | 30/36 | €4,191,083 | €3,393,854 | -€797,229 | -19.0% |
| Amounts receivable within one year | 40/41 | €1,042,562 | €470,281 | -€572,281 | -54.9% |
| Trade receivables | 40 | €175,157 | €202,565 | +€27,408 | +15.6% |
| Other amounts receivable | 41 | €867,405 | €267,716 | -€599,689 | -69.1% |
| Cash at bank and in hand | 54/58 | €208,067 | €435,478 | +€227,410 | +109.3% |
| Total equity and liabilities | 10/49 | €5,830,465 | €4,733,209 | -€1.1m | -18.8% |
| Equity | 10/15 | €1,747,592 | €1,615,205 | -€132,387 | -7.6% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Capital | 10 | €305,000 | €305,000 | = | 0.0% |
| Issued capital | 100 | €305,000 | €305,000 | = | 0.0% |
| Reserves | 13 | €1,442,592 | €1,310,205 | -€132,387 | -9.2% |
| Non-distributable reserves | 130/1 | €30,500 | €30,500 | = | 0.0% |
| Legal reserve | 130 | €30,500 | €30,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €828,579 | €69,034 | -€759,545 | -91.7% |
| Distributable reserves | 133 | €583,513 | €1,210,671 | +€627,158 | +107.5% |
| Provisions and deferred taxes | 16 | €808,226 | €370,035 | -€438,191 | -54.2% |
| Provisions for liabilities and charges | 160/5 | €618,340 | €370,035 | -€248,305 | -40.2% |
| Other liabilities and charges | 164/5 | €618,340 | €370,035 | -€248,305 | -40.2% |
| Deferred taxes | 168 | €189,886 | €0 | -€189,886 | -100.0% |
| Amounts payable | 17/49 | €3,274,646 | €2,747,969 | -€526,677 | -16.1% |
| Amounts payable after more than one year | 17 | €339,546 | €258,915 | -€80,631 | -23.7% |
| Financial debts | 170/4 | €339,546 | €258,915 | -€80,631 | -23.7% |
| Amounts payable within one year | 42/48 | €2,900,629 | €2,481,567 | -€419,062 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €189,851 | €80,631 | -€109,220 | -57.5% |
| Trade debts | 44 | €2,334,686 | €1,807,856 | -€526,830 | -22.6% |
| Suppliers | 440/4 | €2,334,686 | €1,807,856 | -€526,830 | -22.6% |
| Advances received on contracts in progress | 46 | €33,637 | €167,025 | +€133,387 | +396.5% |
| Taxes, remuneration and social security | 45 | €247,994 | €326,988 | +€78,994 | +31.9% |
| Taxes | 450/3 | €40,863 | €72,919 | +€32,056 | +78.4% |
| Remuneration and social security | 454/9 | €207,131 | €254,069 | +€46,938 | +22.7% |
| Other amounts payable | 47/48 | €94,461 | €99,067 | +€4,606 | +4.9% |
| Accrued charges and deferred income | 492/3 | €34,472 | €7,487 | -€26,984 | -78.3% |
| Remuneration, social security and pensions | 62 | €1,161,234 | €1,326,059 | +€164,826 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,073 | €79,603 | +€3,530 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €59,587 | €25,230 | -€34,356 | -57.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€39,890 | -€248,305 | -€208,415 | -522.5% |
| Other operating charges | 640/8 | €28,066 | €29,105 | +€1,039 | +3.7% |
| Gross operating margin | 9900 | €1,423,375 | €1,213,878 | -€209,497 | -14.7% |
| Operating profit (loss) | 9901 | €138,305 | €2,185 | -€136,120 | -98.4% |
| Financial income | 75/76B | €8,009 | €13,925 | +€5,916 | +73.9% |
| Recurring financial income | 75 | €8,009 | €13,925 | +€5,916 | +73.9% |
| Financial charges | 65/66B | €140,048 | €132,691 | -€7,357 | -5.3% |
| Recurring financial charges | 65 | €140,048 | €132,691 | -€7,357 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €6,267 | -€116,580 | -€122,847 | |
| Transfer from deferred taxes | 780 | €4,468 | €189,886 | +€185,419 | +4150.3% |
| Income taxes | 67/77 | €9,265 | €205,693 | +€196,428 | +2120.1% |
| Profit (loss) for the period | 9904 | €1,470 | -€132,387 | -€133,857 | |
| Transfer from tax-exempt reserves | 789 | €17,870 | €759,545 | +€741,675 | +4150.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,340 | €627,158 | +€607,818 | +3142.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.