EBDA: 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.
EBDA
Largest movements
- Receivables within one year +€23,135
up €23,135 (+4325.1%), from €535 to €23,670
of which Trade receivables: +€23,670
- Cash +€4,466
up €4,466 (+178.5%), from €2,501 to €6,968
mainly Trade debts (+€28,424) and Net result for the year (+€5,122)
- Stocks and contracts +€4,071
new in 2025: €4,071
- Tangible fixed assets -€887
down €887 (-3.4%), from €26,000 to €25,113
of which Land and buildings: -€2,000
- Trade debts +€28,424
up €28,424 (+171127.6%), from €17 to €28,441
- Profit (loss) carried forward +€5,122
up €5,122 (+5.4%), from -€94,883 to -€89,761
- Other debts -€4,484
down €4,484 (-5.0%), from €88,948 to €84,464
- Tax, wage and social debts +€1,723
new in 2025: €1,723
- Gross operating margin +€11,103
up €11,103, from -€2,162 to €8,941
- Other operating charges +€509
up €509 (+43.9%), from €1,159 to €1,667
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 | €29,681 | €60,467 | +€30,786 | +103.7% |
| Fixed assets | 21/28 | €26,000 | €25,113 | -€887 | -3.4% |
| Tangible fixed assets | 22/27 | €26,000 | €25,113 | -€887 | -3.4% |
| Land and buildings | 22 | €26,000 | €24,000 | -€2,000 | -7.7% |
| Furniture and vehicles | 24 | €0 | €1,113 | +€1,113 | |
| Current assets | 29/58 | €3,681 | €35,354 | +€31,673 | +860.3% |
| Stocks and contracts in progress | 3 | - | €4,071 | +€4,071 | |
| Contracts in progress | 37 | - | €4,071 | +€4,071 | |
| Amounts receivable within one year | 40/41 | €535 | €23,670 | +€23,135 | +4325.1% |
| Trade receivables | 40 | - | €23,670 | +€23,670 | |
| Other amounts receivable | 41 | €535 | - | -€535 | |
| Cash at bank and in hand | 54/58 | €2,501 | €6,968 | +€4,466 | +178.5% |
| Deferred charges and accrued income | 490/1 | €645 | €645 | = | 0.0% |
| Total equity and liabilities | 10/49 | €29,681 | €60,467 | +€30,786 | +103.7% |
| Equity | 10/15 | -€59,283 | -€54,161 | +€5,122 | +8.6% |
| Contributions | 10/11 | €35,600 | €35,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,883 | -€89,761 | +€5,122 | +5.4% |
| Amounts payable | 17/49 | €88,965 | €114,628 | +€25,664 | +28.8% |
| Amounts payable within one year | 42/48 | €88,965 | €114,628 | +€25,664 | +28.8% |
| Trade debts | 44 | €17 | €28,441 | +€28,424 | +171127.6% |
| Suppliers | 440/4 | €17 | €28,441 | +€28,424 | +171127.6% |
| Taxes, remuneration and social security | 45 | - | €1,723 | +€1,723 | |
| Taxes | 450/3 | - | €1,723 | +€1,723 | |
| Other amounts payable | 47/48 | €88,948 | €84,464 | -€4,484 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,042 | +€42 | +2.1% |
| Other operating charges | 640/8 | €1,159 | €1,667 | +€509 | +43.9% |
| Gross operating margin | 9900 | -€2,162 | €8,941 | +€11,103 | |
| Operating profit (loss) | 9901 | -€5,321 | €5,231 | +€10,552 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €67 | €109 | +€43 | +64.5% |
| Recurring financial charges | 65 | €67 | €109 | +€43 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,387 | €5,122 | +€10,509 | |
| Profit (loss) for the period | 9904 | -€5,387 | €5,122 | +€10,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,387 | €5,122 | +€10,509 |
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 6 October 2026 via checked.be.