EBM: what changed
What changed
EBM
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€174,817
2025 · €176,739-€1,922
Equity
€2.0m
2025 · €1.9m+€174,817
Cash
€1.5m
2025 · €861,516+€681,643
Balance sheet total
€2.4m
2025 · €2.2m+€149,756
Largest movements
Assets
- Cash +€681,643
up €681,643 (+79.1%), from €861,516 to €1.5m
mainly Receivables within one year (+€514,040) and Net result for the year (+€174,817)
- Receivables within one year -€514,040
down €514,040 (-48.4%), from €1.1m to €548,077
of which Trade receivables: -€515,258
Equity and liabilities
- Reserves +€174,817
up €174,817 (+9.5%), from €1.8m to €2.0m
of which Distributable reserves: +€90,617
- Trade debts +€25,197
up €25,197 (+13.5%), from €186,962 to €212,159
- Debts after one year -€24,003
down €24,003 (-49.2%), from €48,787 to €24,784
Income statement
- Financial charges +€49,120
up €49,120 (+1,479%), from €3,321 to €52,441
of which Financial charges: +€48,920
- Gross operating margin +€45,079
up €45,079 (+6.1%), from €739,823 to €784,902
- Taxes -€30,827
down €30,827 (-30.0%), from €102,892 to €72,065
- Financial income -€12,819
down €12,819 (-59.7%), from €21,463 to €8,644
- Staff costs +€10,736
up €10,736 (+2.5%), from €423,654 to €434,390
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€176,739
Gross operating margin
+€45,079
Staff costs
-€10,736
Depreciation
-€1,058
Provisions
-€4,432
Other operating charges
+€336
Financial income
-€12,819
Financial charges
-€49,120
Taxes
+€30,827
Result 2026
€174,817
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€744,769
Investment
-€39,879
Financing
-€23,247
Cash 2025
€861,516
From operations (derived)
+€744,769
Net result for the year
+€174,817
Depreciation
+€60,825
Stocks and contracts
+€2,930
Receivables within one year
+€514,040
Deferred charges and accrued income
-€6,029
Provisions
-€8,950
Trade debts
+€25,197
Tax, wage and social debts
-€18,814
Accrued charges and deferred income
+€753
Investment (derived)
-€39,879
Investment in fixed assets (net)
-€39,879
Financing
-€23,247
Debts after one year
-€24,003
Current portion of long-term debt
+€756
Cash 2026
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,223,646 | €2,373,402 | +€149,756 | +6.7% |
| Fixed assets | 21/28 | €209,736 | €188,790 | -€20,946 | -10.0% |
| Intangible fixed assets | 21 | €1,493 | €0 | -€1,493 | -100% |
| Tangible fixed assets | 22/27 | €207,995 | €188,542 | -€19,453 | -9.4% |
| Land and buildings | 22 | €111,216 | €95,202 | -€16,014 | -14.4% |
| Plant, machinery and equipment | 23 | €1,088 | €725 | -€363 | -33.3% |
| Furniture and vehicles | 24 | €95,691 | €92,615 | -€3,076 | -3.2% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €2,013,910 | €2,184,612 | +€170,703 | +8.5% |
| Stocks and contracts in progress | 3 | €75,134 | €72,204 | -€2,930 | -3.9% |
| Stocks | 30/36 | €75,134 | €72,204 | -€2,930 | -3.9% |
| Amounts receivable within one year | 40/41 | €1,062,117 | €548,077 | -€514,040 | -48.4% |
| Trade receivables | 40 | €964,761 | €449,502 | -€515,258 | -53.4% |
| Other amounts receivable | 41 | €97,356 | €98,574 | +€1,218 | +1.3% |
| Cash at bank and in hand | 54/58 | €861,516 | €1,543,159 | +€681,643 | +79.1% |
| Deferred charges and accrued income | 490/1 | €15,143 | €21,172 | +€6,029 | +39.8% |
| Total equity and liabilities | 10/49 | €2,223,646 | €2,373,402 | +€149,756 | +6.7% |
| Equity | 10/15 | €1,871,402 | €2,046,219 | +€174,817 | +9.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €1,840,416 | €2,015,233 | +€174,817 | +9.5% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €294,700 | €378,900 | +€84,200 | +28.6% |
| Distributable reserves | 133 | €1,542,617 | €1,633,234 | +€90,617 | +5.9% |
| Provisions and deferred taxes | 16 | €37,441 | €28,491 | -€8,950 | -23.9% |
| Provisions for liabilities and charges | 160/5 | €37,441 | €28,491 | -€8,950 | -23.9% |
| Other liabilities and charges | 164/5 | €37,441 | €28,491 | -€8,950 | -23.9% |
| Amounts payable | 17/49 | €314,802 | €298,691 | -€16,111 | -5.1% |
| Amounts payable after more than one year | 17 | €48,787 | €24,784 | -€24,003 | -49.2% |
| Financial debts | 170/4 | €48,787 | €24,784 | -€24,003 | -49.2% |
| Amounts payable within one year | 42/48 | €265,838 | €272,977 | +€7,139 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €23,247 | €24,003 | +€756 | +3.3% |
| Trade debts | 44 | €186,962 | €212,159 | +€25,197 | +13.5% |
| Suppliers | 440/4 | €186,962 | €212,159 | +€25,197 | +13.5% |
| Taxes, remuneration and social security | 45 | €55,629 | €36,815 | -€18,814 | -33.8% |
| Taxes | 450/3 | €27,721 | €1,952 | -€25,769 | -93.0% |
| Remuneration and social security | 454/9 | €27,908 | €34,863 | +€6,955 | +24.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €177 | €930 | +€753 | +424% |
| Remuneration, social security and pensions | 62 | €423,654 | €434,390 | +€10,736 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,767 | €60,825 | +€1,058 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€13,382 | -€8,950 | +€4,432 | +33.1% |
| Other operating charges | 640/8 | €8,294 | €7,959 | -€336 | -4.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €739,823 | €784,902 | +€45,079 | +6.1% |
| Operating profit (loss) | 9901 | €261,489 | €290,678 | +€29,189 | +11.2% |
| Financial income | 75/76B | €21,463 | €8,644 | -€12,819 | -59.7% |
| Recurring financial income | 75 | €21,463 | €8,644 | -€12,819 | -59.7% |
| Financial charges | 65/66B | €3,321 | €52,441 | +€49,120 | +1,479% |
| Recurring financial charges | 65 | €3,321 | €52,241 | +€48,920 | +1,473% |
| Non-recurring financial charges | 66B | - | €200 | +€200 | |
| Profit (loss) for the period before taxes | 9903 | €279,631 | €246,882 | -€32,749 | -11.7% |
| Income taxes | 67/77 | €102,892 | €72,065 | -€30,827 | -30.0% |
| Profit (loss) for the period | 9904 | €176,739 | €174,817 | -€1,922 | -1.1% |
| Transfer from tax-exempt reserves | 789 | €71,200 | €0 | -€71,200 | -100% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €84,200 | -€21,050 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €142,689 | €90,617 | -€52,072 | -36.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.