Eben Invest: 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.
Eben Invest
Largest movements
- Receivables within one year +€41,699
up €41,699 (+106%), from €39,328 to €81,027
of which Trade receivables: +€60,024
- Other debts +€380,454
up €380,454 (+567%), from €67,070 to €447,524
- Debts after one year -€204,428
down €204,428 (-13.3%), from €1.5m to €1.3m
- Reserves -€137,877
down €137,877 (-8.5%), from €1.6m to €1.5m
- Trade debts +€41,771
up €41,771 (+492%), from €8,489 to €50,261
- Gross operating margin -€56,433
down €56,433 (-21.1%), from €267,255 to €210,822
- Depreciation +€16,367
up €16,367 (+7.9%), from €206,293 to €222,659
- Other operating charges -€6,834
down €6,834 (-9.8%), from €69,639 to €62,804
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 | €3,628,600 | €3,688,314 | +€59,714 | +1.6% |
| Fixed assets | 21/28 | €3,578,580 | €3,592,166 | +€13,586 | +0.4% |
| Tangible fixed assets | 22/27 | €3,578,580 | €3,592,166 | +€13,586 | +0.4% |
| Land and buildings | 22 | €3,572,173 | €3,581,002 | +€8,829 | +0.2% |
| Plant, machinery and equipment | 23 | €1,701 | €7,916 | +€6,215 | +365% |
| Furniture and vehicles | 24 | €4,705 | €3,247 | -€1,458 | -31.0% |
| Current assets | 29/58 | €50,020 | €96,148 | +€46,129 | +92.2% |
| Amounts receivable within one year | 40/41 | €39,328 | €81,027 | +€41,699 | +106% |
| Trade receivables | 40 | €18,561 | €78,586 | +€60,024 | +323% |
| Other amounts receivable | 41 | €20,766 | €2,441 | -€18,325 | -88.2% |
| Cash at bank and in hand | 54/58 | €10,692 | €15,121 | +€4,429 | +41.4% |
| Total equity and liabilities | 10/49 | €3,628,600 | €3,688,314 | +€59,714 | +1.6% |
| Equity | 10/15 | €1,768,329 | €1,630,452 | -€137,877 | -7.8% |
| Contributions | 10/11 | €141,179 | €141,179 | = | 0.0% |
| Reserves | 13 | €1,627,150 | €1,489,273 | -€137,877 | -8.5% |
| Distributable reserves | 133 | €1,627,150 | €1,489,273 | -€137,877 | -8.5% |
| Amounts payable | 17/49 | €1,860,271 | €2,057,863 | +€197,591 | +10.6% |
| Amounts payable after more than one year | 17 | €1,531,418 | €1,326,990 | -€204,428 | -13.3% |
| Financial debts | 170/4 | €1,531,418 | €1,326,990 | -€204,428 | -13.3% |
| Amounts payable within one year | 42/48 | €328,853 | €730,873 | +€402,019 | +122% |
| Current portion of amounts payable after more than one year | 42 | €239,865 | €216,771 | -€23,094 | -9.6% |
| Trade debts | 44 | €8,489 | €50,261 | +€41,771 | +492% |
| Suppliers | 440/4 | €8,489 | €50,261 | +€41,771 | +492% |
| Taxes, remuneration and social security | 45 | €13,429 | €16,318 | +€2,889 | +21.5% |
| Taxes | 450/3 | €13,429 | €16,318 | +€2,889 | +21.5% |
| Other amounts payable | 47/48 | €67,070 | €447,524 | +€380,454 | +567% |
| Remuneration, social security and pensions | 62 | €1,352 | €3,545 | +€2,193 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,293 | €222,659 | +€16,367 | +7.9% |
| Other operating charges | 640/8 | €69,639 | €62,804 | -€6,834 | -9.8% |
| Non-recurring operating charges | 66A | €746 | €317 | -€429 | -57.5% |
| Gross operating margin | 9900 | €267,255 | €210,822 | -€56,433 | -21.1% |
| Operating profit (loss) | 9901 | -€10,775 | -€78,504 | -€67,729 | -629% |
| Financial income | 75/76B | - | €2,150 | +€2,150 | |
| Recurring financial income | 75 | - | €2,150 | +€2,150 | |
| Financial charges | 65/66B | €61,957 | €61,523 | -€435 | -0.7% |
| Recurring financial charges | 65 | €61,957 | €61,523 | -€435 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€72,732 | -€137,877 | -€65,145 | -89.6% |
| Profit (loss) for the period | 9904 | -€72,732 | -€137,877 | -€65,145 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,732 | -€137,877 | -€65,145 | -89.6% |
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 31 October 2026 via checked.be.