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.
EBE
Largest movements
- Cash +€21,548
up €21,548 (+28.0%), from €77,059 to €98,607
mainly Net result for the year (+€32,408) and Tax, wage and social debts (+€16,521)
- Tangible fixed assets +€4,868
up €4,868 (+77.3%), from €6,296 to €11,164
of which Plant, machinery and equipment: +€3,111
- Tax, wage and social debts +€16,521
up €16,521 (+156.7%), from €10,541 to €27,062
of which Taxes: +€15,721
- Profit (loss) carried forward +€8,123
up €8,123 (+9.0%), from €90,702 to €98,824
- Trade debts +€3,300
up €3,300 (+452.6%), from €729 to €4,029
- Gross operating margin -€13,342
down €13,342 (-22.3%), from €59,804 to €46,463
- Depreciation -€4,099
down €4,099 (-58.6%), from €6,995 to €2,895
- Taxes -€3,961
down €3,961 (-27.5%), from €14,428 to €10,467
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 | €111,458 | €139,226 | +€27,767 | +24.9% |
| Fixed assets | 21/28 | €6,596 | €11,464 | +€4,868 | +73.8% |
| Tangible fixed assets | 22/27 | €6,296 | €11,164 | +€4,868 | +77.3% |
| Plant, machinery and equipment | 23 | €3,190 | €6,302 | +€3,111 | +97.5% |
| Furniture and vehicles | 24 | €1,530 | €3,810 | +€2,279 | +148.9% |
| Other tangible fixed assets | 26 | €1,575 | €1,053 | -€522 | -33.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €104,862 | €127,761 | +€22,899 | +21.8% |
| Amounts receivable within one year | 40/41 | €26,649 | €27,653 | +€1,005 | +3.8% |
| Trade receivables | 40 | €24,628 | €26,662 | +€2,034 | +8.3% |
| Other amounts receivable | 41 | €2,021 | €992 | -€1,029 | -50.9% |
| Cash at bank and in hand | 54/58 | €77,059 | €98,607 | +€21,548 | +28.0% |
| Deferred charges and accrued income | 490/1 | €1,155 | €1,501 | +€347 | +30.0% |
| Total equity and liabilities | 10/49 | €111,458 | €139,226 | +€27,767 | +24.9% |
| Equity | 10/15 | €98,812 | €106,934 | +€8,123 | +8.2% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Capital | 10 | €6,250 | €6,250 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,702 | €98,824 | +€8,123 | +9.0% |
| Amounts payable | 17/49 | €12,647 | €32,291 | +€19,645 | +155.3% |
| Amounts payable within one year | 42/48 | €11,447 | €31,091 | +€19,645 | +171.6% |
| Trade debts | 44 | €729 | €4,029 | +€3,300 | +452.6% |
| Suppliers | 440/4 | €729 | €4,029 | +€3,300 | +452.6% |
| Taxes, remuneration and social security | 45 | €10,541 | €27,062 | +€16,521 | +156.7% |
| Taxes | 450/3 | €5,913 | €21,634 | +€15,721 | +265.8% |
| Remuneration and social security | 454/9 | €4,628 | €5,428 | +€800 | +17.3% |
| Other amounts payable | 47/48 | €176 | - | -€176 | |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,995 | €2,895 | -€4,099 | -58.6% |
| Other operating charges | 640/8 | €467 | €691 | +€224 | +47.9% |
| Gross operating margin | 9900 | €59,804 | €46,463 | -€13,342 | -22.3% |
| Operating profit (loss) | 9901 | €52,342 | €42,876 | -€9,466 | -18.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €41 | €1 | -€40 | -97.8% |
| Recurring financial charges | 65 | €41 | €1 | -€40 | -97.8% |
| Profit (loss) for the period before taxes | 9903 | €52,302 | €42,875 | -€9,426 | -18.0% |
| Income taxes | 67/77 | €14,428 | €10,467 | -€3,961 | -27.5% |
| Profit (loss) for the period | 9904 | €37,874 | €32,408 | -€5,466 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,874 | €32,408 | -€5,466 | -14.4% |
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 5 October 2026 via checked.be.