EBICO: 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.
EBICO
Largest movements
- Tangible fixed assets -€38,282
down €38,282 (-34.6%), from €110,519 to €72,238
of which Furniture and vehicles: -€23,268
- Current investments +€8,004
up €8,004 (+3.2%), from €253,157 to €261,161
- Cash -€7,485
down €7,485 (-6.6%), from €114,102 to €106,617
mainly Contributions, distributions and other (-€81,785) and Current portion of long-term debt (-€9,494)
- Reserves -€81,785
down €81,785 (-21.2%), from €385,013 to €303,228
- Other debts +€56,267
up €56,267 (+78.9%), from €71,285 to €127,552
- Current portion of long-term debt -€9,494
down €9,494 (-79.6%), from €11,922 to €2,428
- Gross operating margin -€52,237
down €52,237 (-10.8%), from €484,692 to €432,456
- Staff costs +€24,779
up €24,779 (+6.6%), from €373,417 to €398,196
- Taxes -€21,990
down €21,990 (-93.8%), from €23,455 to €1,465
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 | €554,280 | €514,995 | -€39,285 | -7.1% |
| Fixed assets | 21/28 | €110,519 | €72,238 | -€38,282 | -34.6% |
| Tangible fixed assets | 22/27 | €110,519 | €72,238 | -€38,282 | -34.6% |
| Plant, machinery and equipment | 23 | €13,624 | €8,210 | -€5,414 | -39.7% |
| Furniture and vehicles | 24 | €85,113 | €61,845 | -€23,268 | -27.3% |
| Leasing and similar rights | 25 | €11,783 | €2,183 | -€9,600 | -81.5% |
| Current assets | 29/58 | €443,761 | €442,758 | -€1,003 | -0.2% |
| Amounts receivable within one year | 40/41 | €65,705 | €62,637 | -€3,068 | -4.7% |
| Trade receivables | 40 | €63,160 | €61,602 | -€1,558 | -2.5% |
| Other amounts receivable | 41 | €2,545 | €1,035 | -€1,510 | -59.3% |
| Current investments | 50/53 | €253,157 | €261,161 | +€8,004 | +3.2% |
| Cash at bank and in hand | 54/58 | €114,102 | €106,617 | -€7,485 | -6.6% |
| Deferred charges and accrued income | 490/1 | €10,797 | €12,343 | +€1,546 | +14.3% |
| Total equity and liabilities | 10/49 | €554,280 | €514,995 | -€39,285 | -7.1% |
| Equity | 10/15 | €405,013 | €317,974 | -€87,039 | -21.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €385,013 | €303,228 | -€81,785 | -21.2% |
| Distributable reserves | 133 | €385,013 | €303,228 | -€81,785 | -21.2% |
| Profit (loss) carried forward | 14 | - | -€5,254 | -€5,254 | |
| Amounts payable | 17/49 | €149,266 | €197,021 | +€47,754 | +32.0% |
| Amounts payable after more than one year | 17 | €2,428 | - | -€2,428 | |
| Financial debts | 170/4 | €2,428 | - | -€2,428 | |
| Amounts payable within one year | 42/48 | €146,451 | €196,621 | +€50,170 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €11,922 | €2,428 | -€9,494 | -79.6% |
| Trade debts | 44 | €21,866 | €21,028 | -€838 | -3.8% |
| Suppliers | 440/4 | €21,866 | €21,028 | -€838 | -3.8% |
| Taxes, remuneration and social security | 45 | €41,378 | €45,613 | +€4,235 | +10.2% |
| Taxes | 450/3 | €22,659 | €29,276 | +€6,617 | +29.2% |
| Remuneration and social security | 454/9 | €18,718 | €16,337 | -€2,381 | -12.7% |
| Other amounts payable | 47/48 | €71,285 | €127,552 | +€56,267 | +78.9% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Remuneration, social security and pensions | 62 | €373,417 | €398,196 | +€24,779 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,889 | €43,775 | -€114 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€480 | - | +€480 | |
| Other operating charges | 640/8 | €5,994 | €3,612 | -€2,382 | -39.7% |
| Gross operating margin | 9900 | €484,692 | €432,456 | -€52,237 | -10.8% |
| Operating profit (loss) | 9901 | €61,872 | -€13,127 | -€74,999 | |
| Financial income | 75/76B | €12,623 | €13,726 | +€1,103 | +8.7% |
| Recurring financial income | 75 | €12,623 | €13,726 | +€1,103 | +8.7% |
| Financial charges | 65/66B | €1,433 | €4,388 | +€2,955 | +206.2% |
| Recurring financial charges | 65 | €1,433 | €4,388 | +€2,955 | +206.2% |
| Profit (loss) for the period before taxes | 9903 | €73,062 | -€3,789 | -€76,851 | |
| Income taxes | 67/77 | €23,455 | €1,465 | -€21,990 | -93.8% |
| Profit (loss) for the period | 9904 | €49,607 | -€5,254 | -€54,861 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,607 | -€5,254 | -€54,861 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.