EBL: 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.
EBL
Largest movements
- Tangible fixed assets +€40,985
up €40,985 (+263.9%), from €15,531 to €56,516
of which Furniture and vehicles: +€41,740
- Cash -€17,346
down €17,346 (-43.9%), from €39,556 to €22,210
mainly Investment in fixed assets (net) (-€52,738) and Receivables within one year (-€15,124)
- Receivables within one year +€15,124
up €15,124 (+59.5%), from €25,427 to €40,551
of which Other amounts receivable: +€10,809
- Trade debts +€60,642
up €60,642 (+470.7%), from €12,883 to €73,525
- Profit (loss) carried forward -€8,066
down €8,066 (-73.6%), from -€10,963 to -€19,029
- Other debts -€7,996
down €7,996 (-18.0%), from €44,522 to €36,526
- Debts after one year -€6,917
down €6,917 (-74.2%), from €9,320 to €2,403
- Turnover -€29,850
down €29,850 (-21.8%), from €137,186 to €107,336
- Gross operating margin -€23,480
down €23,480 (-79.8%), from €29,415 to €5,935
- Purchases and services -€6,370
down €6,370 (-5.9%), from €107,771 to €101,401
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 | €80,884 | €119,647 | +€38,763 | +47.9% |
| Fixed assets | 21/28 | €15,901 | €56,886 | +€40,985 | +257.8% |
| Tangible fixed assets | 22/27 | €15,531 | €56,516 | +€40,985 | +263.9% |
| Plant, machinery and equipment | 23 | €5,871 | €5,116 | -€755 | -12.9% |
| Furniture and vehicles | 24 | €9,660 | €51,400 | +€41,740 | +432.1% |
| Financial fixed assets | 28 | €370 | €370 | = | 0.0% |
| Current assets | 29/58 | €64,983 | €62,761 | -€2,222 | -3.4% |
| Amounts receivable within one year | 40/41 | €25,427 | €40,551 | +€15,124 | +59.5% |
| Trade receivables | 40 | €23,296 | €27,611 | +€4,315 | +18.5% |
| Other amounts receivable | 41 | €2,131 | €12,940 | +€10,809 | +507.2% |
| Cash at bank and in hand | 54/58 | €39,556 | €22,210 | -€17,346 | -43.9% |
| Total equity and liabilities | 10/49 | €80,884 | €119,647 | +€38,763 | +47.9% |
| Equity | 10/15 | €7,637 | -€429 | -€8,066 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,963 | -€19,029 | -€8,066 | -73.6% |
| Amounts payable | 17/49 | €73,247 | €120,076 | +€46,829 | +63.9% |
| Amounts payable after more than one year | 17 | €9,320 | €2,403 | -€6,917 | -74.2% |
| Financial debts | 170/4 | €9,320 | €2,403 | -€6,917 | -74.2% |
| Amounts payable within one year | 42/48 | €63,927 | €117,673 | +€53,746 | +84.1% |
| Financial debts | 43 | €5,975 | €6,917 | +€942 | +15.8% |
| Credit institutions | 430/8 | €5,975 | €6,917 | +€942 | +15.8% |
| Trade debts | 44 | €12,883 | €73,525 | +€60,642 | +470.7% |
| Suppliers | 440/4 | €12,883 | €73,525 | +€60,642 | +470.7% |
| Taxes, remuneration and social security | 45 | €547 | €705 | +€158 | +28.9% |
| Taxes | 450/3 | €547 | €705 | +€158 | +28.9% |
| Other amounts payable | 47/48 | €44,522 | €36,526 | -€7,996 | -18.0% |
| Turnover | 70 | €137,186 | €107,336 | -€29,850 | -21.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €107,771 | €101,401 | -€6,370 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,770 | €11,753 | +€983 | +9.1% |
| Gross operating margin | 9900 | €29,415 | €5,935 | -€23,480 | -79.8% |
| Operating profit (loss) | 9901 | €18,645 | -€5,818 | -€24,463 | |
| Financial income | 75/76B | €1,004 | €76 | -€928 | -92.4% |
| Recurring financial income | 75 | €26 | €76 | +€50 | +192.3% |
| Non-recurring financial income | 76B | €978 | - | -€978 | |
| Financial charges | 65/66B | €1,470 | €1,562 | +€92 | +6.3% |
| Recurring financial charges | 65 | €1,470 | €1,562 | +€92 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €18,179 | -€7,304 | -€25,483 | |
| Income taxes | 67/77 | - | €762 | +€762 | |
| Profit (loss) for the period | 9904 | €18,179 | -€8,066 | -€26,245 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,179 | -€8,066 | -€26,245 |
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 12 October 2026 via checked.be.