EBOLT: 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.
EBOLT
Largest movements
- Tangible fixed assets -€273,581
down €273,581 (-34.7%), from €789,441 to €515,861
of which Land and buildings: -€194,999
- Cash +€166,992
up €166,992 (+3815.9%), from €4,376 to €171,368
mainly Depreciation (+€186,160) and Investment in fixed assets (net) (+€92,841)
- Stocks and contracts -€37,682
down €37,682 (-10.4%), from €363,587 to €325,906
- Trade debts +€87,700
up €87,700 (+17.9%), from €491,120 to €578,820
- Other debts -€87,547
down €87,547 (-21.8%), from €402,075 to €314,528
- Tax, wage and social debts -€76,534
down €76,534 (-39.5%), from €193,650 to €117,116
of which Taxes: -€81,074
- Debts after one year -€55,643
down €55,643 (-12.6%), from €440,953 to €385,310
- Gross operating margin +€298,741
up €298,741 (+20.9%), from €1.4m to €1.7m
- Staff costs +€278,059
up €278,059 (+24.0%), from €1.2m to €1.4m
- Other operating charges +€28,385
up €28,385 (+293.2%), from €9,681 to €38,067
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 | €2,345,709 | €2,194,949 | -€150,761 | -6.4% |
| Fixed assets | 21/28 | €809,119 | €530,117 | -€279,002 | -34.5% |
| Intangible fixed assets | 21 | €18,374 | €12,953 | -€5,421 | -29.5% |
| Tangible fixed assets | 22/27 | €789,441 | €515,861 | -€273,581 | -34.7% |
| Land and buildings | 22 | €279,368 | €84,369 | -€194,999 | -69.8% |
| Plant, machinery and equipment | 23 | €65,244 | €59,177 | -€6,067 | -9.3% |
| Furniture and vehicles | 24 | €200,297 | €192,691 | -€7,606 | -3.8% |
| Leasing and similar rights | 25 | €244,532 | €179,623 | -€64,908 | -26.5% |
| Financial fixed assets | 28 | €1,304 | €1,304 | = | 0.0% |
| Current assets | 29/58 | €1,536,591 | €1,664,832 | +€128,241 | +8.3% |
| Stocks and contracts in progress | 3 | €363,587 | €325,906 | -€37,682 | -10.4% |
| Stocks | 30/36 | €363,587 | €325,906 | -€37,682 | -10.4% |
| Amounts receivable within one year | 40/41 | €1,130,625 | €1,133,172 | +€2,546 | +0.2% |
| Trade receivables | 40 | €1,070,630 | €951,649 | -€118,981 | -11.1% |
| Other amounts receivable | 41 | €59,995 | €181,523 | +€121,527 | +202.6% |
| Cash at bank and in hand | 54/58 | €4,376 | €171,368 | +€166,992 | +3815.9% |
| Deferred charges and accrued income | 490/1 | €38,002 | €34,386 | -€3,616 | -9.5% |
| Total equity and liabilities | 10/49 | €2,345,709 | €2,194,949 | -€150,761 | -6.4% |
| Equity | 10/15 | €532,595 | €541,062 | +€8,467 | +1.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €512,135 | €520,602 | +€8,467 | +1.7% |
| Amounts payable | 17/49 | €1,813,115 | €1,653,887 | -€159,228 | -8.8% |
| Amounts payable after more than one year | 17 | €440,953 | €385,310 | -€55,643 | -12.6% |
| Financial debts | 170/4 | €440,953 | €385,310 | -€55,643 | -12.6% |
| Amounts payable within one year | 42/48 | €1,371,600 | €1,268,406 | -€103,195 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €164,756 | €157,942 | -€6,813 | -4.1% |
| Financial debts | 43 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Credit institutions | 430/8 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Trade debts | 44 | €491,120 | €578,820 | +€87,700 | +17.9% |
| Suppliers | 440/4 | €491,120 | €578,820 | +€87,700 | +17.9% |
| Taxes, remuneration and social security | 45 | €193,650 | €117,116 | -€76,534 | -39.5% |
| Taxes | 450/3 | €81,085 | €11 | -€81,074 | -100.0% |
| Remuneration and social security | 454/9 | €112,565 | €117,105 | +€4,540 | +4.0% |
| Other amounts payable | 47/48 | €402,075 | €314,528 | -€87,547 | -21.8% |
| Accrued charges and deferred income | 492/3 | €561 | €171 | -€390 | -69.5% |
| Remuneration, social security and pensions | 62 | €1,156,180 | €1,434,238 | +€278,059 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,447 | €186,160 | +€2,713 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,681 | €38,067 | +€28,385 | +293.2% |
| Non-recurring operating charges | 66A | - | €642 | +€642 | |
| Gross operating margin | 9900 | €1,427,574 | €1,726,316 | +€298,741 | +20.9% |
| Operating profit (loss) | 9901 | €78,266 | €67,209 | -€11,057 | -14.1% |
| Financial income | 75/76B | €13 | €13 | -€0 | -2.8% |
| Recurring financial income | 75 | €13 | €13 | -€0 | -2.8% |
| Financial charges | 65/66B | €24,661 | €27,953 | +€3,293 | +13.4% |
| Recurring financial charges | 65 | €24,661 | €27,953 | +€3,293 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €53,619 | €39,268 | -€14,350 | -26.8% |
| Income taxes | 67/77 | €18,355 | €30,801 | +€12,447 | +67.8% |
| Profit (loss) for the period | 9904 | €35,264 | €8,467 | -€26,797 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,264 | €8,467 | -€26,797 | -76.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.