EBECY: 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.
EBECY
Largest movements
- Tangible fixed assets +€401,755
up €401,755 (+32.4%), from €1.2m to €1.6m
of which Land and buildings: +€343,844
- Cash -€74,456
down €74,456 (-77.4%), from €96,172 to €21,716
mainly Investment in fixed assets (net) (-€497,174) and Net result for the year (-€178,706)
- Deferred charges and accrued income +€36,293
up €36,293 (+3736.6%), from €971 to €37,264
- Stocks and contracts +€27,500
new in 2025: €27,500
- Other debts +€247,897
up €247,897 (+152.0%), from €163,080 to €410,977
- Debts after one year +€201,402
up €201,402 (+17.1%), from €1.2m to €1.4m
- Profit (loss) carried forward -€178,706
down €178,706 (-149.9%), from -€119,234 to -€297,940
- Accrued charges and deferred income +€78,909
up €78,909 (+19010.6%), from €415 to €79,324
- Current portion of long-term debt +€29,933
up €29,933 (+43.2%), from €69,268 to €99,202
- Gross operating margin +€73,251
up €73,251, from -€37,877 to €35,374
- Depreciation +€65,474
up €65,474 (+218.6%), from €29,945 to €95,419
- Staff costs +€52,689
new in 2025: €52,689
- Financial charges +€22,430
up €22,430 (+56.5%), from €39,708 to €62,137
- Other operating charges -€7,868
down €7,868 (-67.2%), from €11,705 to €3,837
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 | €1,343,150 | €1,728,117 | +€384,967 | +28.7% |
| Fixed assets | 21/28 | €1,239,798 | €1,641,553 | +€401,755 | +32.4% |
| Tangible fixed assets | 22/27 | €1,239,798 | €1,641,553 | +€401,755 | +32.4% |
| Land and buildings | 22 | €1,213,253 | €1,557,098 | +€343,844 | +28.3% |
| Plant, machinery and equipment | 23 | €24,959 | €22,401 | -€2,558 | -10.2% |
| Furniture and vehicles | 24 | €1,586 | €21,701 | +€20,115 | +1268.4% |
| Leasing and similar rights | 25 | - | €40,353 | +€40,353 | |
| Current assets | 29/58 | €103,352 | €86,565 | -€16,788 | -16.2% |
| Stocks and contracts in progress | 3 | - | €27,500 | +€27,500 | |
| Stocks | 30/36 | - | €27,500 | +€27,500 | |
| Amounts receivable within one year | 40/41 | €6,209 | €85 | -€6,125 | -98.6% |
| Trade receivables | 40 | €6,209 | €85 | -€6,125 | -98.6% |
| Cash at bank and in hand | 54/58 | €96,172 | €21,716 | -€74,456 | -77.4% |
| Deferred charges and accrued income | 490/1 | €971 | €37,264 | +€36,293 | +3736.6% |
| Total equity and liabilities | 10/49 | €1,343,150 | €1,728,117 | +€384,967 | +28.7% |
| Equity | 10/15 | -€94,234 | -€272,940 | -€178,706 | -189.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,234 | -€297,940 | -€178,706 | -149.9% |
| Amounts payable | 17/49 | €1,437,385 | €2,001,058 | +€563,673 | +39.2% |
| Amounts payable after more than one year | 17 | €1,176,283 | €1,377,685 | +€201,402 | +17.1% |
| Financial debts | 170/4 | €1,176,283 | €1,377,685 | +€201,402 | +17.1% |
| Amounts payable within one year | 42/48 | €260,687 | €544,049 | +€283,362 | +108.7% |
| Current portion of amounts payable after more than one year | 42 | €69,268 | €99,202 | +€29,933 | +43.2% |
| Trade debts | 44 | €28,338 | €23,801 | -€4,537 | -16.0% |
| Suppliers | 440/4 | €28,338 | €23,801 | -€4,537 | -16.0% |
| Taxes, remuneration and social security | 45 | - | €10,069 | +€10,069 | |
| Remuneration and social security | 454/9 | - | €10,069 | +€10,069 | |
| Other amounts payable | 47/48 | €163,080 | €410,977 | +€247,897 | +152.0% |
| Accrued charges and deferred income | 492/3 | €415 | €79,324 | +€78,909 | +19010.6% |
| Remuneration, social security and pensions | 62 | - | €52,689 | +€52,689 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,945 | €95,419 | +€65,474 | +218.6% |
| Other operating charges | 640/8 | €11,705 | €3,837 | -€7,868 | -67.2% |
| Gross operating margin | 9900 | -€37,877 | €35,374 | +€73,251 | |
| Operating profit (loss) | 9901 | -€79,527 | -€116,571 | -€37,044 | -46.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €39,708 | €62,137 | +€22,430 | +56.5% |
| Recurring financial charges | 65 | €39,708 | €62,137 | +€22,430 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | -€119,234 | -€178,706 | -€59,472 | -49.9% |
| Profit (loss) for the period | 9904 | -€119,234 | -€178,706 | -€59,472 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,234 | -€178,706 | -€59,472 | -49.9% |
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 29 September 2026 via checked.be.