EBK: 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.
EBK
Largest movements
- Receivables within one year -€86,212
down €86,212 (-41.3%), from €208,866 to €122,653
of which Trade receivables: -€60,861
- Tangible fixed assets -€22,056
down €22,056 (-22.4%), from €98,355 to €76,299
of which Leasing and similar rights: -€20,103
- Cash +€9,160
up €9,160 (+63.2%), from €14,485 to €23,645
mainly Receivables within one year (+€86,212) and Depreciation (+€24,339)
- Deferred charges and accrued income +€5,685
up €5,685 (+208%), from €2,728 to €8,413
- Reserves -€57,172
down €57,172 (-75.3%), from €75,901 to €18,729
of which Distributable reserves: -€57,172
- Other debts -€34,491
down €34,491 (-69.0%), from €50,000 to €15,509
- Trade debts -€11,218
down €11,218 (-9.5%), from €118,360 to €107,142
- Advances received -€8,872
no longer reported in 2025 (was €8,872)
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin +€41,837
up €41,837 (+86.9%), from €48,136 to €89,973
- Staff costs +€13,560
up €13,560 (+65.8%), from €20,596 to €34,156
- Taxes -€12,259
down €12,259 (-83.1%), from €14,757 to €2,498
- Financial income -€7,558
down €7,558 (-81.0%), from €9,333 to €1,776
of which Non-recurring financial income: -€8,006
- Depreciation +€6,202
up €6,202 (+34.2%), from €18,137 to €24,339
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 | €404,975 | €310,224 | -€94,751 | -23.4% |
| Fixed assets | 21/28 | €98,355 | €76,299 | -€22,056 | -22.4% |
| Tangible fixed assets | 22/27 | €98,355 | €76,299 | -€22,056 | -22.4% |
| Land and buildings | 22 | €246 | - | -€246 | |
| Plant, machinery and equipment | 23 | €9,197 | €6,914 | -€2,283 | -24.8% |
| Furniture and vehicles | 24 | €4,618 | €5,194 | +€575 | +12.5% |
| Leasing and similar rights | 25 | €84,294 | €64,191 | -€20,103 | -23.8% |
| Current assets | 29/58 | €306,620 | €233,925 | -€72,695 | -23.7% |
| Stocks and contracts in progress | 3 | €80,541 | €79,214 | -€1,327 | -1.6% |
| Stocks | 30/36 | €57,000 | €72,214 | +€15,214 | +26.7% |
| Contracts in progress | 37 | €23,541 | €7,000 | -€16,541 | -70.3% |
| Amounts receivable within one year | 40/41 | €208,866 | €122,653 | -€86,212 | -41.3% |
| Trade receivables | 40 | €159,401 | €98,540 | -€60,861 | -38.2% |
| Other amounts receivable | 41 | €49,465 | €24,113 | -€25,351 | -51.3% |
| Cash at bank and in hand | 54/58 | €14,485 | €23,645 | +€9,160 | +63.2% |
| Deferred charges and accrued income | 490/1 | €2,728 | €8,413 | +€5,685 | +208% |
| Total equity and liabilities | 10/49 | €404,975 | €310,224 | -€94,751 | -23.4% |
| Equity | 10/15 | €88,301 | €37,329 | -€50,972 | -57.7% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €75,901 | €18,729 | -€57,172 | -75.3% |
| Tax-exempt reserves | 132 | €18,729 | €18,729 | = | 0.0% |
| Distributable reserves | 133 | €57,172 | - | -€57,172 | |
| Amounts payable | 17/49 | €316,674 | €272,895 | -€43,779 | -13.8% |
| Amounts payable after more than one year | 17 | €65,697 | €70,520 | +€4,822 | +7.3% |
| Financial debts | 170/4 | €65,697 | €45,520 | -€20,178 | -30.7% |
| Other amounts payable | 178/9 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €249,769 | €198,547 | -€51,222 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €22,273 | €20,178 | -€2,095 | -9.4% |
| Financial debts | 43 | €35,000 | €35,000 | = | 0.0% |
| Credit institutions | 430/8 | €35,000 | €35,000 | = | 0.0% |
| Trade debts | 44 | €118,360 | €107,142 | -€11,218 | -9.5% |
| Suppliers | 440/4 | €118,360 | €107,142 | -€11,218 | -9.5% |
| Advances received on contracts in progress | 46 | €8,872 | - | -€8,872 | |
| Taxes, remuneration and social security | 45 | €15,265 | €20,719 | +€5,454 | +35.7% |
| Taxes | 450/3 | €15,265 | €8,537 | -€6,728 | -44.1% |
| Remuneration and social security | 454/9 | - | €12,182 | +€12,182 | |
| Other amounts payable | 47/48 | €50,000 | €15,509 | -€34,491 | -69.0% |
| Accrued charges and deferred income | 492/3 | €1,207 | €3,828 | +€2,621 | +217% |
| Remuneration, social security and pensions | 62 | €20,596 | €34,156 | +€13,560 | +65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,137 | €24,339 | +€6,202 | +34.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,486 | - | -€4,486 | |
| Other operating charges | 640/8 | €3,029 | €2,459 | -€571 | -18.8% |
| Non-recurring operating charges | 66A | €12,231 | €2,500 | -€9,731 | -79.6% |
| Gross operating margin | 9900 | €48,136 | €89,973 | +€41,837 | +86.9% |
| Operating profit (loss) | 9901 | -€10,344 | €26,519 | +€36,863 | |
| Financial income | 75/76B | €9,333 | €1,776 | -€7,558 | -81.0% |
| Recurring financial income | 75 | €1,327 | €1,776 | +€449 | +33.8% |
| Non-recurring financial income | 76B | €8,006 | - | -€8,006 | |
| Financial charges | 65/66B | €10,270 | €14,702 | +€4,432 | +43.2% |
| Recurring financial charges | 65 | €10,270 | €7,917 | -€2,354 | -22.9% |
| Non-recurring financial charges | 66B | - | €6,785 | +€6,785 | |
| Profit (loss) for the period before taxes | 9903 | -€11,281 | €13,592 | +€24,873 | |
| Income taxes | 67/77 | €14,757 | €2,498 | -€12,259 | -83.1% |
| Profit (loss) for the period | 9904 | -€26,038 | €11,094 | +€37,132 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,038 | €11,094 | +€37,132 |
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 30 October 2026 via checked.be.