EBCS: 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.
EBCS
Largest movements
- Cash +€192,320
up €192,320 (+89.5%), from €214,774 to €407,094
mainly Receivables within one year (+€179,962) and Net result for the year (+€89,055)
- Receivables within one year -€179,962
down €179,962 (-29.3%), from €614,354 to €434,391
of which Trade receivables: -€171,156
- Reserves -€113,951
down €113,951 (-39.1%), from €291,091 to €177,140
- Trade debts +€63,129
up €63,129 (+23.1%), from €273,465 to €336,594
- Other debts +€45,379
up €45,379 (+28.8%), from €157,627 to €203,006
- Tax, wage and social debts +€11,610
up €11,610 (+34.7%), from €33,429 to €45,039
of which Remuneration and social security: +€9,678
- Staff costs -€21,799
down €21,799 (-8.2%), from €264,474 to €242,675
- Gross operating margin -€20,330
down €20,330 (-5.0%), from €410,160 to €389,830
- Depreciation -€5,065
down €5,065 (-35.3%), from €14,365 to €9,299
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 | €950,635 | €957,319 | +€6,684 | +0.7% |
| Fixed assets | 21/28 | €113,822 | €107,352 | -€6,470 | -5.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €99,068 | €92,598 | -€6,470 | -6.5% |
| Land and buildings | 22 | €96,918 | €89,769 | -€7,149 | -7.4% |
| Furniture and vehicles | 24 | €2,150 | €2,829 | +€679 | +31.6% |
| Financial fixed assets | 28 | €14,754 | €14,754 | = | 0.0% |
| Current assets | 29/58 | €836,813 | €849,967 | +€13,154 | +1.6% |
| Amounts receivable within one year | 40/41 | €614,354 | €434,391 | -€179,962 | -29.3% |
| Trade receivables | 40 | €558,393 | €387,237 | -€171,156 | -30.7% |
| Other amounts receivable | 41 | €55,961 | €47,154 | -€8,806 | -15.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €214,774 | €407,094 | +€192,320 | +89.5% |
| Deferred charges and accrued income | 490/1 | €7,686 | €8,482 | +€796 | +10.4% |
| Total equity and liabilities | 10/49 | €950,635 | €957,319 | +€6,684 | +0.7% |
| Equity | 10/15 | €486,114 | €372,163 | -€113,951 | -23.4% |
| Contributions | 10/11 | €10,333 | €10,333 | = | 0.0% |
| Reserves | 13 | €291,091 | €177,140 | -€113,951 | -39.1% |
| Distributable reserves | 133 | €291,091 | €177,140 | -€113,951 | -39.1% |
| Profit (loss) carried forward | 14 | €184,690 | €184,690 | = | 0.0% |
| Amounts payable | 17/49 | €464,521 | €585,156 | +€120,635 | +26.0% |
| Amounts payable within one year | 42/48 | €464,521 | €584,639 | +€120,118 | +25.9% |
| Trade debts | 44 | €273,465 | €336,594 | +€63,129 | +23.1% |
| Suppliers | 440/4 | €273,465 | €336,594 | +€63,129 | +23.1% |
| Taxes, remuneration and social security | 45 | €33,429 | €45,039 | +€11,610 | +34.7% |
| Taxes | 450/3 | €49 | €1,982 | +€1,933 | +3938.8% |
| Remuneration and social security | 454/9 | €33,379 | €43,057 | +€9,678 | +29.0% |
| Other amounts payable | 47/48 | €157,627 | €203,006 | +€45,379 | +28.8% |
| Accrued charges and deferred income | 492/3 | €0 | €517 | +€517 | |
| Remuneration, social security and pensions | 62 | €264,474 | €242,675 | -€21,799 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,365 | €9,299 | -€5,065 | -35.3% |
| Other operating charges | 640/8 | €2,400 | €4,655 | +€2,255 | +94.0% |
| Non-recurring operating charges | 66A | €787 | €0 | -€787 | -100.0% |
| Gross operating margin | 9900 | €410,160 | €389,830 | -€20,330 | -5.0% |
| Operating profit (loss) | 9901 | €128,136 | €133,201 | +€5,065 | +4.0% |
| Financial income | 75/76B | €567 | €100 | -€466 | -82.3% |
| Recurring financial income | 75 | €567 | €100 | -€466 | -82.3% |
| Financial charges | 65/66B | €463 | €1,182 | +€718 | +155.1% |
| Recurring financial charges | 65 | €463 | €508 | +€45 | +9.7% |
| Non-recurring financial charges | 66B | - | €673 | +€673 | |
| Profit (loss) for the period before taxes | 9903 | €128,239 | €132,119 | +€3,880 | +3.0% |
| Income taxes | 67/77 | €42,014 | €43,064 | +€1,050 | +2.5% |
| Profit (loss) for the period | 9904 | €86,225 | €89,055 | +€2,830 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,225 | €89,055 | +€2,830 | +3.3% |
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 1 October 2026 via checked.be.