EBIPRO: 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
EBIPRO
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,926
2024 · -€125,140+€122,214
Equity
€5.1m
2024 · €1.8m+€3.4m
Cash
€3,049
2024 · €528+€2,521
Balance sheet total
€5.8m
2024 · €3.6m+€2.2m
Largest movements
Assets
- Tangible fixed assets +€3.6m
up €3.6m (+96592.9%), from €3,754 to €3.6m
of which Land and buildings: +€3.6m
- Financial fixed assets -€3.0m
down €3.0m (-100.0%), from €3.0m to €150
- Intangible fixed assets +€1.5m
up €1.5m (+236.1%), from €636,500 to €2.1m
Equity and liabilities
- Revaluation surpluses +€3.3m
new in 2025: €3.3m
- Debts after one year -€1.2m
down €1.2m (-76.7%), from €1.6m to €377,462
- Other debts -€72,880
down €72,880 (-31.4%), from €232,270 to €159,390
Income statement
- Gross operating margin +€215,290
up €215,290 (+293.4%), from €73,376 to €288,665
- Depreciation +€143,741
up €143,741 (+152.1%), from €94,529 to €238,269
- Other operating charges -€47,176
down €47,176 (-86.6%), from €54,504 to €7,327
- Financial charges -€14,033
down €14,033 (-34.9%), from €40,243 to €26,211
- Taxes +€10,546
up €10,546 (+114.1%), from €9,240 to €19,786
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
-€125,140
Gross operating margin
+€215,290
Depreciation
-€143,741
Other operating charges
+€47,176
Financial income
+€3
Financial charges
+€14,033
Taxes
-€10,546
Result 2025
-€2,926
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
+€209,827
Investment
-€2.4m
Financing
+€2.2m
Cash 2024
€528
From operations (derived)
+€209,827
Net result for the year
-€2,926
Depreciation
+€238,269
Smaller working-capital items
+€511
Receivables within one year
+€16,110
Trade debts
+€16,200
Tax, wage and social debts
+€14,543
Other debts
-€72,880
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
+€2.2m
Debts after one year
-€1.2m
Current portion of long-term debt
+€46,671
Short-term financial debts
+€18,256
Contributions, distributions and other
+€3.4m
Cash 2025
€3,049
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,629,621 | €5,780,244 | +€2.2m | +59.3% |
| Fixed assets | 21/28 | €3,607,824 | €5,769,070 | +€2.2m | +59.9% |
| Intangible fixed assets | 21 | €636,500 | €2,139,310 | +€1.5m | +236.1% |
| Tangible fixed assets | 22/27 | €3,754 | €3,629,609 | +€3.6m | +96592.9% |
| Land and buildings | 22 | - | €3,600,414 | +€3.6m | |
| Plant, machinery and equipment | 23 | - | €8,322 | +€8,322 | |
| Furniture and vehicles | 24 | €1,247 | €16,826 | +€15,579 | +1249.4% |
| Leasing and similar rights | 25 | €2,507 | €1,048 | -€1,459 | -58.2% |
| Other tangible fixed assets | 26 | - | €3,000 | +€3,000 | |
| Financial fixed assets | 28 | €2,967,570 | €150 | -€3.0m | -100.0% |
| Current assets | 29/58 | €21,797 | €11,174 | -€10,624 | -48.7% |
| Stocks and contracts in progress | 3 | - | €1,191 | +€1,191 | |
| Stocks | 30/36 | - | €1,191 | +€1,191 | |
| Amounts receivable within one year | 40/41 | €18,642 | €2,532 | -€16,110 | -86.4% |
| Trade receivables | 40 | €12,940 | - | -€12,940 | |
| Other amounts receivable | 41 | €5,702 | €2,532 | -€3,170 | -55.6% |
| Cash at bank and in hand | 54/58 | €528 | €3,049 | +€2,521 | +477.8% |
| Deferred charges and accrued income | 490/1 | €2,627 | €4,401 | +€1,774 | +67.5% |
| Total equity and liabilities | 10/49 | €3,629,621 | €5,780,244 | +€2.2m | +59.3% |
| Equity | 10/15 | €1,765,190 | €5,128,934 | +€3.4m | +190.6% |
| Contributions | 10/11 | €2,062,535 | €2,062,535 | = | 0.0% |
| Revaluation surpluses | 12 | - | €3,324,403 | +€3.3m | |
| Reserves | 13 | €2,197 | €2,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,197 | €2,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,197 | €2,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€299,543 | -€260,201 | +€39,342 | +13.1% |
| Amounts payable | 17/49 | €1,864,431 | €651,309 | -€1.2m | -65.1% |
| Amounts payable after more than one year | 17 | €1,616,850 | €377,462 | -€1.2m | -76.7% |
| Financial debts | 170/4 | €1,616,850 | €377,462 | -€1.2m | -76.7% |
| Amounts payable within one year | 42/48 | €247,582 | €270,371 | +€22,790 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | - | €46,671 | +€46,671 | |
| Financial debts | 43 | - | €18,256 | +€18,256 | |
| Credit institutions | 430/8 | - | €18,256 | +€18,256 | |
| Trade debts | 44 | €1,651 | €17,851 | +€16,200 | +981.3% |
| Suppliers | 440/4 | €1,651 | €17,851 | +€16,200 | +981.3% |
| Taxes, remuneration and social security | 45 | €13,660 | €28,203 | +€14,543 | +106.5% |
| Taxes | 450/3 | €13,660 | €28,203 | +€14,543 | +106.5% |
| Other amounts payable | 47/48 | €232,270 | €159,390 | -€72,880 | -31.4% |
| Accrued charges and deferred income | 492/3 | - | €3,476 | +€3,476 | |
| Non-recurring operating income | 76A | - | €169,161 | +€169,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,529 | €238,269 | +€143,741 | +152.1% |
| Other operating charges | 640/8 | €54,504 | €7,327 | -€47,176 | -86.6% |
| Gross operating margin | 9900 | €73,376 | €288,665 | +€215,290 | +293.4% |
| Operating profit (loss) | 9901 | -€75,657 | €43,069 | +€118,725 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €40,243 | €26,211 | -€14,033 | -34.9% |
| Recurring financial charges | 65 | €40,243 | €26,211 | -€14,033 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€115,900 | €16,860 | +€132,760 | |
| Income taxes | 67/77 | €9,240 | €19,786 | +€10,546 | +114.1% |
| Profit (loss) for the period | 9904 | -€125,140 | -€2,926 | +€122,214 | +97.7% |
| Transfer from tax-exempt reserves | 789 | - | €42,268 | +€42,268 | |
| Profit (loss) for the period to be appropriated | 9905 | -€125,140 | €39,342 | +€164,482 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.