EBeco: 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.
EBeco
Largest movements
- Current investments +€165,611
new in 2025: €165,611
- Receivables within one year -€124,918
down €124,918 (-76.2%), from €163,954 to €39,036
of which Trade receivables: -€117,768
- Tangible fixed assets -€47,332
down €47,332 (-13.4%), from €353,288 to €305,956
- Stocks and contracts +€14,893
up €14,893 (+10.1%), from €147,468 to €162,361
of which Contracts in progress: +€34,003
- Reserves +€91,563
up €91,563 (+26.4%), from €346,797 to €438,359
of which Distributable reserves: +€91,563
- Debts after one year -€33,932
down €33,932 (-17.3%), from €195,638 to €161,706
- Other debts -€20,065
down €20,065 (-97.5%), from €20,576 to €511
- Trade debts -€15,658
down €15,658 (-38.0%), from €41,162 to €25,504
- Accrued charges and deferred income -€10,496
no longer reported in 2025 (was €10,496)
- Gross operating margin +€68,229
up €68,229 (+41.9%), from €162,745 to €230,974
- Taxes +€17,871
up €17,871 (+80.7%), from €22,150 to €40,020
- Staff costs +€11,185
up €11,185 (+34.5%), from €32,385 to €43,570
- Financial income +€3,919
up €3,919 (+278%), from €1,411 to €5,330
- Depreciation +€3,071
up €3,071 (+6.4%), from €47,976 to €51,047
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 | €694,798 | €709,056 | +€14,257 | +2.1% |
| Fixed assets | 21/28 | €353,701 | €306,369 | -€47,332 | -13.4% |
| Tangible fixed assets | 22/27 | €353,288 | €305,956 | -€47,332 | -13.4% |
| Land and buildings | 22 | €218,684 | €206,409 | -€12,276 | -5.6% |
| Plant, machinery and equipment | 23 | €71,603 | €58,265 | -€13,337 | -18.6% |
| Furniture and vehicles | 24 | €63,001 | €41,282 | -€21,719 | -34.5% |
| Financial fixed assets | 28 | €413 | €413 | = | 0.0% |
| Current assets | 29/58 | €341,097 | €402,686 | +€61,589 | +18.1% |
| Stocks and contracts in progress | 3 | €147,468 | €162,361 | +€14,893 | +10.1% |
| Stocks | 30/36 | €140,374 | €121,264 | -€19,110 | -13.6% |
| Contracts in progress | 37 | €7,095 | €41,097 | +€34,003 | +479% |
| Amounts receivable within one year | 40/41 | €163,954 | €39,036 | -€124,918 | -76.2% |
| Trade receivables | 40 | €140,342 | €22,574 | -€117,768 | -83.9% |
| Other amounts receivable | 41 | €23,611 | €16,462 | -€7,150 | -30.3% |
| Current investments | 50/53 | - | €165,611 | +€165,611 | |
| Cash at bank and in hand | 54/58 | €27,912 | €32,713 | +€4,802 | +17.2% |
| Deferred charges and accrued income | 490/1 | €1,764 | €2,965 | +€1,202 | +68.1% |
| Total equity and liabilities | 10/49 | €694,798 | €709,056 | +€14,257 | +2.1% |
| Equity | 10/15 | €365,347 | €456,909 | +€91,563 | +25.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €346,797 | €438,359 | +€91,563 | +26.4% |
| Non-distributable reserves | 130/1 | €2,480 | €2,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,480 | €2,480 | = | 0.0% |
| Distributable reserves | 133 | €344,317 | €435,879 | +€91,563 | +26.6% |
| Amounts payable | 17/49 | €329,452 | €252,147 | -€77,305 | -23.5% |
| Amounts payable after more than one year | 17 | €195,638 | €161,706 | -€33,932 | -17.3% |
| Financial debts | 170/4 | €195,638 | €161,706 | -€33,932 | -17.3% |
| Amounts payable within one year | 42/48 | €123,318 | €90,440 | -€32,877 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €33,296 | €33,932 | +€636 | +1.9% |
| Trade debts | 44 | €41,162 | €25,504 | -€15,658 | -38.0% |
| Suppliers | 440/4 | €41,162 | €25,504 | -€15,658 | -38.0% |
| Taxes, remuneration and social security | 45 | €28,283 | €30,493 | +€2,210 | +7.8% |
| Taxes | 450/3 | €22,416 | €23,757 | +€1,341 | +6.0% |
| Remuneration and social security | 454/9 | €5,868 | €6,736 | +€868 | +14.8% |
| Other amounts payable | 47/48 | €20,576 | €511 | -€20,065 | -97.5% |
| Accrued charges and deferred income | 492/3 | €10,496 | - | -€10,496 | |
| Remuneration, social security and pensions | 62 | €32,385 | €43,570 | +€11,185 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,976 | €51,047 | +€3,071 | +6.4% |
| Other operating charges | 640/8 | €3,069 | €3,400 | +€331 | +10.8% |
| Gross operating margin | 9900 | €162,745 | €230,974 | +€68,229 | +41.9% |
| Operating profit (loss) | 9901 | €79,315 | €132,957 | +€53,642 | +67.6% |
| Financial income | 75/76B | €1,411 | €5,330 | +€3,919 | +278% |
| Recurring financial income | 75 | €1,411 | €5,330 | +€3,919 | +278% |
| Financial charges | 65/66B | €8,217 | €6,705 | -€1,513 | -18.4% |
| Recurring financial charges | 65 | €8,217 | €6,705 | -€1,513 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €72,509 | €131,583 | +€59,074 | +81.5% |
| Income taxes | 67/77 | €22,150 | €40,020 | +€17,871 | +80.7% |
| Profit (loss) for the period | 9904 | €50,359 | €91,563 | +€41,203 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,359 | €91,563 | +€41,203 | +81.8% |
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 15 October 2026 via checked.be.