EBC: 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.
EBC
Largest movements
- Receivables within one year +€19,710
up €19,710 (+27.0%), from €73,002 to €92,712
of which Trade receivables: +€13,559
- Cash -€2,770
down €2,770 (-3.7%), from €75,601 to €72,831
mainly Contributions, distributions and other (-€76,873) and Receivables within one year (-€19,710)
- Reserves -€70,107
down €70,107 (-68.6%), from €102,138 to €32,032
- Other debts +€60,996
up €60,996 (+122%), from €50,191 to €111,187
- Profit (loss) carried forward +€16,844
no longer reported in 2025 (was -€16,844)
- Tax, wage and social debts +€9,640
up €9,640 (+102%), from €9,481 to €19,121
of which Taxes: +€11,080
- Trade debts -€1,807
down €1,807 (-30.5%), from €5,930 to €4,122
- Staff costs -€9,775
down €9,775 (-20.9%), from €46,805 to €37,029
- Depreciation -€8,637
down €8,637 (-72.5%), from €11,912 to €3,275
- Gross operating margin -€7,357
down €7,357 (-10.1%), from €73,063 to €65,707
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 | €163,295 | €178,861 | +€15,566 | +9.5% |
| Fixed assets | 21/28 | €13,546 | €12,274 | -€1,272 | -9.4% |
| Tangible fixed assets | 22/27 | €13,546 | €12,274 | -€1,272 | -9.4% |
| Plant, machinery and equipment | 23 | €11,066 | €9,488 | -€1,578 | -14.3% |
| Furniture and vehicles | 24 | - | €1,460 | +€1,460 | |
| Other tangible fixed assets | 26 | €2,480 | €1,326 | -€1,154 | -46.5% |
| Current assets | 29/58 | €149,750 | €166,587 | +€16,838 | +11.2% |
| Amounts receivable within one year | 40/41 | €73,002 | €92,712 | +€19,710 | +27.0% |
| Trade receivables | 40 | €60,735 | €74,294 | +€13,559 | +22.3% |
| Other amounts receivable | 41 | €12,267 | €18,419 | +€6,151 | +50.1% |
| Cash at bank and in hand | 54/58 | €75,601 | €72,831 | -€2,770 | -3.7% |
| Deferred charges and accrued income | 490/1 | €1,147 | €1,044 | -€102 | -8.9% |
| Total equity and liabilities | 10/49 | €163,295 | €178,861 | +€15,566 | +9.5% |
| Equity | 10/15 | €97,694 | €44,432 | -€53,263 | -54.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €102,138 | €32,032 | -€70,107 | -68.6% |
| Distributable reserves | 133 | €102,138 | €32,032 | -€70,107 | -68.6% |
| Profit (loss) carried forward | 14 | -€16,844 | - | +€16,844 | |
| Amounts payable | 17/49 | €65,601 | €134,430 | +€68,829 | +105% |
| Amounts payable within one year | 42/48 | €65,601 | €134,430 | +€68,829 | +105% |
| Trade debts | 44 | €5,930 | €4,122 | -€1,807 | -30.5% |
| Suppliers | 440/4 | €5,930 | €4,122 | -€1,807 | -30.5% |
| Taxes, remuneration and social security | 45 | €9,481 | €19,121 | +€9,640 | +102% |
| Taxes | 450/3 | €2,329 | €13,409 | +€11,080 | +476% |
| Remuneration and social security | 454/9 | €7,151 | €5,712 | -€1,440 | -20.1% |
| Other amounts payable | 47/48 | €50,191 | €111,187 | +€60,996 | +122% |
| Non-recurring operating income | 76A | €2,552 | - | -€2,552 | |
| Remuneration, social security and pensions | 62 | €46,805 | €37,029 | -€9,775 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,912 | €3,275 | -€8,637 | -72.5% |
| Other operating charges | 640/8 | €676 | €473 | -€202 | -30.0% |
| Gross operating margin | 9900 | €73,063 | €65,707 | -€7,357 | -10.1% |
| Operating profit (loss) | 9901 | €13,671 | €24,929 | +€11,258 | +82.3% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €450 | €436 | -€14 | -3.1% |
| Recurring financial charges | 65 | €450 | €436 | -€14 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €13,221 | €24,516 | +€11,295 | +85.4% |
| Income taxes | 67/77 | €816 | €906 | +€90 | +11.0% |
| Profit (loss) for the period | 9904 | €12,405 | €23,610 | +€11,205 | +90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,405 | €23,610 | +€11,205 | +90.3% |
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 21 October 2026 via checked.be.