EBF Consulting: 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.
EBF Consulting
Largest movements
- Stocks and contracts -€2.2m
no longer reported in 2025 (was €2.2m)
- Cash +€99,861
up €99,861 (+373%), from €26,751 to €126,612
mainly Stocks and contracts (+€2.2m) and Net result for the year (+€121,721)
- Short-term financial debts -€1.2m
no longer reported in 2025 (was €1.2m)
- Debts after one year -€990,278
down €990,278 (-61.3%), from €1.6m to €623,889
of which Other amounts payable: -€660,000
- Reserves +€121,721
up €121,721 (+12.8%), from €953,681 to €1.1m
- Gross operating margin -€250,449
down €250,449, from €49,691 to -€200,757
- Financial income -€13,384
down €13,384 (-2.9%), from €456,639 to €443,256
of which Non-recurring financial income: -€16,639
- Financial charges -€12,865
down €12,865 (-11.8%), from €109,451 to €96,586
of which Financial charges: -€14,296
- Taxes +€11,686
up €11,686 (+1,436%), from €814 to €12,500
- Other operating charges -€2,575
down €2,575 (-35.4%), from €7,265 to €4,690
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 | €4,187,897 | €2,068,970 | -€2.1m | -50.6% |
| Fixed assets | 21/28 | €1,826,433 | €1,824,044 | -€2,389 | -0.1% |
| Tangible fixed assets | 22/27 | €3,589 | €1,200 | -€2,389 | -66.6% |
| Plant, machinery and equipment | 23 | €821 | - | -€821 | |
| Furniture and vehicles | 24 | €2,158 | €1,200 | -€958 | -44.4% |
| Other tangible fixed assets | 26 | €610 | - | -€610 | |
| Financial fixed assets | 28 | €1,822,844 | €1,822,844 | = | 0.0% |
| Current assets | 29/58 | €2,361,463 | €244,926 | -€2.1m | -89.6% |
| Stocks and contracts in progress | 3 | €2,229,933 | - | -€2.2m | |
| Stocks | 30/36 | €2,229,933 | - | -€2.2m | |
| Amounts receivable within one year | 40/41 | €103,733 | €115,860 | +€12,128 | +11.7% |
| Other amounts receivable | 41 | €103,733 | €115,860 | +€12,128 | +11.7% |
| Cash at bank and in hand | 54/58 | €26,751 | €126,612 | +€99,861 | +373% |
| Deferred charges and accrued income | 490/1 | €1,047 | €2,454 | +€1,407 | +134% |
| Total equity and liabilities | 10/49 | €4,187,897 | €2,068,970 | -€2.1m | -50.6% |
| Equity | 10/15 | €1,011,681 | €1,133,402 | +€121,721 | +12.0% |
| Contributions | 10/11 | €58,000 | €58,000 | = | 0.0% |
| Reserves | 13 | €953,681 | €1,075,402 | +€121,721 | +12.8% |
| Distributable reserves | 133 | €953,681 | €1,075,402 | +€121,721 | +12.8% |
| Amounts payable | 17/49 | €3,176,216 | €935,569 | -€2.2m | -70.5% |
| Amounts payable after more than one year | 17 | €1,614,167 | €623,889 | -€990,278 | -61.3% |
| Financial debts | 170/4 | €954,167 | €623,889 | -€330,278 | -34.6% |
| Other amounts payable | 178/9 | €660,000 | - | -€660,000 | |
| Amounts payable within one year | 42/48 | €1,538,332 | €310,680 | -€1.2m | -79.8% |
| Current portion of amounts payable after more than one year | 42 | €180,278 | €180,278 | = | 0.0% |
| Financial debts | 43 | €1,231,000 | - | -€1.2m | |
| Credit institutions | 430/8 | €1,231,000 | - | -€1.2m | |
| Trade debts | 44 | €123,364 | €108,226 | -€15,139 | -12.3% |
| Suppliers | 440/4 | €123,364 | €108,226 | -€15,139 | -12.3% |
| Taxes, remuneration and social security | 45 | €814 | €22,177 | +€21,363 | +2,625% |
| Taxes | 450/3 | €814 | €22,177 | +€21,363 | +2,625% |
| Other amounts payable | 47/48 | €2,876 | - | -€2,876 | |
| Accrued charges and deferred income | 492/3 | €23,717 | €1,000 | -€22,717 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,892 | €958 | -€934 | -49.4% |
| Other operating charges | 640/8 | €7,265 | €4,690 | -€2,575 | -35.4% |
| Non-recurring operating charges | 66A | - | €6,044 | +€6,044 | |
| Gross operating margin | 9900 | €49,691 | -€200,757 | -€250,449 | |
| Operating profit (loss) | 9901 | €40,534 | -€212,449 | -€252,983 | |
| Financial income | 75/76B | €456,639 | €443,256 | -€13,384 | -2.9% |
| Recurring financial income | 75 | €440,000 | €443,256 | +€3,256 | +0.7% |
| Non-recurring financial income | 76B | €16,639 | - | -€16,639 | |
| Financial charges | 65/66B | €109,451 | €96,586 | -€12,865 | -11.8% |
| Recurring financial charges | 65 | €109,451 | €95,155 | -€14,296 | -13.1% |
| Non-recurring financial charges | 66B | - | €1,431 | +€1,431 | |
| Profit (loss) for the period before taxes | 9903 | €387,722 | €134,220 | -€253,502 | -65.4% |
| Income taxes | 67/77 | €814 | €12,500 | +€11,686 | +1,436% |
| Profit (loss) for the period | 9904 | €386,909 | €121,721 | -€265,188 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €386,909 | €121,721 | -€265,188 | -68.5% |
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 28 October 2026 via checked.be.