Ebema Group: 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
Ebema Group
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€158,267
2024 · €434,554-€276,287
Equity
€17.7m
2024 · €19.2m-€1.5m
Cash
€51,235
2024 · €33,591+€17,644
Balance sheet total
€28.0m
2024 · €28.3m-€310,916
Largest movements
Assets
- Receivables within one year -€457,095
down €457,095 (-50.8%), from €898,994 to €441,899
of which Trade receivables: -€280,055
Equity and liabilities
- Other debts +€2.7m
up €2.7m (+38.8%), from €7.1m to €9.8m
- Debts after one year -€1.6m
no longer reported in 2025 (was €1.6m)
- Profit (loss) carried forward -€1.5m
down €1.5m (-10.3%), from €14.5m to €13.0m
Income statement
- Financial income -€316,903
down €316,903 (-99.4%), from €318,740 to €1,837
- Turnover +€314,402
up €314,402 (+18.4%), from €1.7m to €2.0m
- Services and other goods +€300,389
up €300,389 (+41.9%), from €717,204 to €1.0m
- Financial charges -€38,588
down €38,588 (-85.7%), from €45,002 to €6,415
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
€434,554
Turnover
+€314,402
Other operating income
+€849
Services and other goods
-€300,389
Staff costs
-€11,753
Other operating charges
-€492
Other operating items
+€3,848
Financial income
-€316,903
Financial charges
+€38,588
Taxes
-€4,437
Result 2025
€158,267
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
+€3.4m
Investment
-€123,848
Financing
-€3.3m
Cash 2024
€33,591
From operations (derived)
+€3.4m
Net result for the year
+€158,267
Depreciation
+€234
Receivables within one year
+€457,095
Deferred charges and accrued income
-€4,921
Trade debts
+€119,025
Tax, wage and social debts
-€83,433
Other debts
+€2.7m
Accrued charges and deferred income
+€41,694
Investment (derived)
-€123,848
Investment in fixed assets (net)
-€123,848
Financing
-€3.3m
Debts after one year
-€1.6m
Contributions, distributions and other
-€1.7m
Cash 2025
€51,235
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,314,742 | €28,003,826 | -€310,916 | -1.1% |
| Fixed assets | 21/28 | €27,382,157 | €27,505,771 | +€123,614 | +0.5% |
| Tangible fixed assets | 22/27 | €158,158 | €157,924 | -€234 | -0.1% |
| Land and buildings | 22 | €156,387 | €156,387 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,770 | €1,536 | -€234 | -13.2% |
| Financial fixed assets | 28 | €27,223,999 | €27,347,847 | +€123,848 | +0.5% |
| Affiliated companies | 280/1 | €27,223,999 | €27,347,847 | +€123,848 | +0.5% |
| Participating interests | 280 | €27,223,999 | €27,347,847 | +€123,848 | +0.5% |
| Current assets | 29/58 | €932,585 | €498,055 | -€434,530 | -46.6% |
| Amounts receivable within one year | 40/41 | €898,994 | €441,899 | -€457,095 | -50.8% |
| Trade receivables | 40 | €280,055 | - | -€280,055 | |
| Other amounts receivable | 41 | €618,939 | €441,899 | -€177,041 | -28.6% |
| Cash at bank and in hand | 54/58 | €33,591 | €51,235 | +€17,644 | +52.5% |
| Deferred charges and accrued income | 490/1 | - | €4,921 | +€4,921 | |
| Total equity and liabilities | 10/49 | €28,314,742 | €28,003,826 | -€310,916 | -1.1% |
| Equity | 10/15 | €19,171,863 | €17,680,130 | -€1.5m | -7.8% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €4,509,939 | €4,509,939 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,386,567 | €3,386,567 | = | 0.0% |
| Distributable reserves | 133 | €1,103,372 | €1,103,372 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,481,924 | €12,990,191 | -€1.5m | -10.3% |
| Amounts payable | 17/49 | €9,142,879 | €10,323,696 | +€1.2m | +12.9% |
| Amounts payable after more than one year | 17 | €1,640,000 | - | -€1.6m | |
| Other amounts payable | 178/9 | €1,640,000 | - | -€1.6m | |
| Amounts payable within one year | 42/48 | €7,502,879 | €10,282,002 | +€2.8m | +37.0% |
| Trade debts | 44 | €226,534 | €345,559 | +€119,025 | +52.5% |
| Suppliers | 440/4 | €226,534 | €345,559 | +€119,025 | +52.5% |
| Taxes, remuneration and social security | 45 | €209,221 | €125,788 | -€83,433 | -39.9% |
| Taxes | 450/3 | €60,882 | €27,432 | -€33,451 | -54.9% |
| Remuneration and social security | 454/9 | €148,338 | €98,356 | -€49,982 | -33.7% |
| Other amounts payable | 47/48 | €7,067,124 | €9,810,655 | +€2.7m | +38.8% |
| Accrued charges and deferred income | 492/3 | - | €41,694 | +€41,694 | |
| Operating income | 70/76A | €1,714,700 | €2,033,799 | +€319,099 | +18.6% |
| Turnover | 70 | €1,704,652 | €2,019,054 | +€314,402 | +18.4% |
| Other operating income | 74 | €10,048 | €10,897 | +€849 | +8.5% |
| Non-recurring operating income | 76A | - | €3,848 | +€3,848 | |
| Operating charges | 60/66A | €1,505,343 | €1,817,977 | +€312,634 | +20.8% |
| Services and other goods | 61 | €717,204 | €1,017,592 | +€300,389 | +41.9% |
| Remuneration, social security and pensions | 62 | €770,906 | €782,659 | +€11,753 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234 | €234 | = | 0.0% |
| Other operating charges | 640/8 | €17,000 | €17,492 | +€492 | +2.9% |
| Operating profit (loss) | 9901 | €209,357 | €215,822 | +€6,465 | +3.1% |
| Financial income | 75/76B | €318,740 | €1,837 | -€316,903 | -99.4% |
| Recurring financial income | 75 | €318,740 | €1,837 | -€316,903 | -99.4% |
| Income from financial fixed assets | 750 | €318,740 | €1,834 | -€316,906 | -99.4% |
| Other financial income | 752/9 | €0 | €3 | +€3 | +7950.0% |
| Financial charges | 65/66B | €45,002 | €6,415 | -€38,588 | -85.7% |
| Recurring financial charges | 65 | €45,002 | €6,415 | -€38,588 | -85.7% |
| Debt charges | 650 | €43,813 | €4,681 | -€39,132 | -89.3% |
| Other financial charges | 652/9 | €1,189 | €1,733 | +€545 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €483,095 | €211,244 | -€271,850 | -56.3% |
| Income taxes | 67/77 | €48,541 | €52,978 | +€4,437 | +9.1% |
| Taxes | 670/3 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Tax adjustments and reversals of tax provisions | 77 | €1,459 | €7,022 | +€5,563 | +381.2% |
| Profit (loss) for the period | 9904 | €434,554 | €158,267 | -€276,287 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €434,554 | €158,267 | -€276,287 | -63.6% |
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.