EBE: 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.
What changed
EBE
NACE 52.220, Warehousing and support activities for transportation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €24.3m-€21.8m
Equity
€56.0m
2024 · €53.5m+€2.6m
Cash
€5.0m
2024 · €17.4m-€12.4m
Balance sheet total
€92.9m
2024 · €87.3m+€5.6m
Largest movements
Assets
- Receivables within one year +€23.1m
up €23.1m (+1817.9%), from €1.3m to €24.4m
of which Trade receivables: +€22.9m
- Cash -€12.4m
down €12.4m (-71.1%), from €17.4m to €5.0m
mainly Receivables within one year (-€23.1m) and Other debts (-€21.6m)
- Current investments -€8.0m
down €8.0m (-100.0%), from €8.0m to €0
- Financial fixed assets +€7.3m
new in 2025: €7.3m
- Tangible fixed assets -€4.5m
down €4.5m (-7.4%), from €60.1m to €55.6m
Equity and liabilities
- Short-term financial debts +€25.0m
new in 2025: €25.0m
- Other debts -€21.6m
down €21.6m (-97.2%), from €22.2m to €612,629
- Debts after one year -€7.2m
down €7.2m (-100.0%), from €7.2m to €0
- Current portion of long-term debt +€6.4m
up €6.4m (+800.0%), from €800,000 to €7.2m
- Reserves +€2.6m
up €2.6m (+46.7%), from €5.5m to €8.0m
of which Distributable reserves: +€2.6m
Income statement
- Turnover -€5.7m
down €5.7m (-21.6%), from €26.2m to €20.6m
- Goods and materials -€3.7m
down €3.7m (-38.4%), from €9.6m to €5.9m
- Provisions +€2.9m
up €2.9m, from -€2.3m to €627,375
- Staff costs -€1.4m
down €1.4m (-15.5%), from €8.9m to €7.6m
- Other operating income -€649,191
down €649,191 (-20.2%), from €3.2m to €2.6m
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.
Result 2024
€24.3m
Turnover
-€5.7m
Other operating income
-€649,191
Goods and materials
+€3.7m
Services and other goods
+€366,792
Staff costs
+€1.4m
Depreciation
+€1
Provisions
-€2.9m
Other operating charges
+€773
Other operating items
-€18.0m
Financial income
+€11,690
Financial charges
+€12,540
Taxes
+€5,849
Result 2025
€2.6m
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.
From operations
-€37.3m
Investment
+€678,096
Financing
+€24.2m
Cash 2024
€17.4m
From operations (derived)
-€37.3m
Net result for the year
+€2.6m
Depreciation
+€4.5m
Receivables within one year
-€23.1m
Smaller working-capital items
-€65,729
Provisions
+€627,375
Advances received
+€280,322
Other debts
-€21.6m
Accrued charges and deferred income
-€486,732
Investment (derived)
+€678,096
Investment in fixed assets (net)
-€7.3m
Current investments
+€8.0m
Financing
+€24.2m
Debts after one year
-€7.2m
Current portion of long-term debt
+€6.4m
Short-term financial debts
+€25.0m
Cash 2025
€5.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,287,884 | €92,883,935 | +€5.6m | +6.4% |
| Fixed assets | 21/28 | €60,063,013 | €62,919,992 | +€2.9m | +4.8% |
| Tangible fixed assets | 22/27 | €60,063,013 | €55,598,088 | -€4.5m | -7.4% |
| Other tangible fixed assets | 26 | €60,063,013 | €55,598,088 | -€4.5m | -7.4% |
| Financial fixed assets | 28 | - | €7,321,904 | +€7.3m | |
| Affiliated companies | 280/1 | - | €7,321,904 | +€7.3m | |
| Participating interests | 280 | - | €5,000 | +€5,000 | |
| Amounts receivable | 281 | - | €7,316,904 | +€7.3m | |
| Current assets | 29/58 | €27,224,871 | €29,963,943 | +€2.7m | +10.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,271,450 | €24,385,381 | +€23.1m | +1817.9% |
| Trade receivables | 40 | €745,074 | €23,622,354 | +€22.9m | +3070.5% |
| Other amounts receivable | 41 | €526,377 | €763,028 | +€236,651 | +45.0% |
| Current investments | 50/53 | €8,000,000 | €0 | -€8.0m | -100.0% |
| Other investments | 51/53 | €8,000,000 | €0 | -€8.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €17,447,359 | €5,036,709 | -€12.4m | -71.1% |
| Deferred charges and accrued income | 490/1 | €506,062 | €541,853 | +€35,791 | +7.1% |
| Total equity and liabilities | 10/49 | €87,287,884 | €92,883,935 | +€5.6m | +6.4% |
| Equity | 10/15 | €53,482,250 | €56,044,143 | +€2.6m | +4.8% |
| Contributions | 10/11 | €48,000,000 | €48,000,000 | = | 0.0% |
| Capital | 10 | €48,000,000 | €48,000,000 | = | 0.0% |
| Issued capital | 100 | €48,000,000 | €48,000,000 | = | 0.0% |
| Reserves | 13 | €5,482,250 | €8,044,143 | +€2.6m | +46.7% |
| Non-distributable reserves | 130/1 | €4,800,000 | €4,800,000 | = | 0.0% |
| Legal reserve | 130 | €4,800,000 | €4,800,000 | = | 0.0% |
| Distributable reserves | 133 | €682,250 | €3,244,143 | +€2.6m | +375.5% |
| Provisions and deferred taxes | 16 | €2,194,574 | €2,821,949 | +€627,375 | +28.6% |
| Provisions for liabilities and charges | 160/5 | €2,194,574 | €2,821,949 | +€627,375 | +28.6% |
| Major repairs and maintenance | 162 | €2,194,574 | €2,821,949 | +€627,375 | +28.6% |
| Amounts payable | 17/49 | €31,611,060 | €34,017,842 | +€2.4m | +7.6% |
| Amounts payable after more than one year | 17 | €7,200,000 | €0 | -€7.2m | -100.0% |
| Financial debts | 170/4 | €7,200,000 | €0 | -€7.2m | -100.0% |
| Credit institutions | 173 | €7,200,000 | €0 | -€7.2m | -100.0% |
| Amounts payable within one year | 42/48 | €23,351,228 | €33,444,742 | +€10.1m | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €800,000 | €7,200,000 | +€6.4m | +800.0% |
| Financial debts | 43 | - | €25,000,000 | +€25.0m | |
| Other loans | 439 | - | €25,000,000 | +€25.0m | |
| Trade debts | 44 | €354,449 | €303,132 | -€51,317 | -14.5% |
| Suppliers | 440/4 | €354,449 | €303,132 | -€51,317 | -14.5% |
| Advances received on contracts in progress | 46 | - | €280,322 | +€280,322 | |
| Taxes, remuneration and social security | 45 | €27,281 | €48,660 | +€21,379 | +78.4% |
| Taxes | 450/3 | €0 | €17,932 | +€17,932 | |
| Remuneration and social security | 454/9 | €27,281 | €30,728 | +€3,447 | +12.6% |
| Other amounts payable | 47/48 | €22,169,498 | €612,629 | -€21.6m | -97.2% |
| Accrued charges and deferred income | 492/3 | €1,059,832 | €573,100 | -€486,732 | -45.9% |
| Operating income | 70/76A | €47,442,216 | €23,138,864 | -€24.3m | -51.2% |
| Turnover | 70 | €26,233,669 | €20,570,571 | -€5.7m | -21.6% |
| Other operating income | 74 | €3,214,394 | €2,565,203 | -€649,191 | -20.2% |
| Non-recurring operating income | 76A | €17,994,153 | €3,090 | -€18.0m | -100.0% |
| Operating charges | 60/66A | €22,455,310 | €19,932,091 | -€2.5m | -11.2% |
| Goods for resale, raw materials and consumables | 60 | €9,641,642 | €5,939,945 | -€3.7m | -38.4% |
| Purchases | 600/8 | €9,641,642 | €5,939,945 | -€3.7m | -38.4% |
| Services and other goods | 61 | €1,703,815 | €1,337,023 | -€366,792 | -21.5% |
| Remuneration, social security and pensions | 62 | €8,948,300 | €7,560,642 | -€1.4m | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,464,926 | €4,464,925 | -€1 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,306,328 | €627,375 | +€2.9m | |
| Other operating charges | 640/8 | €2,955 | €2,182 | -€773 | -26.2% |
| Operating profit (loss) | 9901 | €24,986,906 | €3,206,773 | -€21.8m | -87.2% |
| Financial income | 75/76B | €241,990 | €253,679 | +€11,690 | +4.8% |
| Recurring financial income | 75 | €241,990 | €253,679 | +€11,690 | +4.8% |
| Income from current assets | 751 | €241,052 | €129,730 | -€111,321 | -46.2% |
| Other financial income | 752/9 | €938 | €123,949 | +€123,011 | +13109.3% |
| Financial charges | 65/66B | €864,870 | €852,330 | -€12,540 | -1.4% |
| Recurring financial charges | 65 | €864,870 | €852,330 | -€12,540 | -1.4% |
| Debt charges | 650 | €678,407 | €778,222 | +€99,815 | +14.7% |
| Other financial charges | 652/9 | €186,463 | €74,108 | -€112,355 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €24,364,026 | €2,608,123 | -€21.8m | -89.3% |
| Income taxes | 67/77 | €52,078 | €46,229 | -€5,849 | -11.2% |
| Taxes | 670/3 | €52,120 | €46,229 | -€5,891 | -11.3% |
| Tax adjustments and reversals of tax provisions | 77 | €42 | €0 | -€42 | -100.0% |
| Profit (loss) for the period | 9904 | €24,311,948 | €2,561,893 | -€21.8m | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,311,948 | €2,561,893 | -€21.8m | -89.5% |
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 7 October 2026 via checked.be.