EBORCO: 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.
EBORCO
Largest movements
- Receivables within one year -€44,483
down €44,483 (-9.0%), from €493,486 to €449,003
of which Other amounts receivable: -€81,075
- Tangible fixed assets -€38,716
down €38,716 (-5.9%), from €658,403 to €619,687
of which Land and buildings: -€37,175
- Debts after one year -€61,293
down €61,293 (-9.8%), from €625,095 to €563,802
- Trade debts -€49,134
down €49,134 (-51.2%), from €95,995 to €46,860
- Other debts +€18,500
up €18,500, from €0 to €18,500
- Reserves +€11,728
up €11,728 (+3.7%), from €319,651 to €331,379
- Gross operating margin -€80,103
down €80,103 (-40.6%), from €197,461 to €117,358
- Other operating charges +€4,826
up €4,826 (+148%), from €3,251 to €8,077
- Taxes -€4,509
down €4,509 (-13.8%), from €32,784 to €28,275
- Depreciation +€3,953
up €3,953 (+9.1%), from €43,441 to €47,394
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 | €1,155,184 | €1,085,851 | -€69,333 | -6.0% |
| Fixed assets | 21/28 | €658,403 | €619,687 | -€38,716 | -5.9% |
| Tangible fixed assets | 22/27 | €658,403 | €619,687 | -€38,716 | -5.9% |
| Land and buildings | 22 | €625,972 | €588,797 | -€37,175 | -5.9% |
| Plant, machinery and equipment | 23 | €7,726 | €5,146 | -€2,580 | -33.4% |
| Furniture and vehicles | 24 | €24,706 | €25,744 | +€1,038 | +4.2% |
| Current assets | 29/58 | €496,781 | €466,164 | -€30,617 | -6.2% |
| Amounts receivable within one year | 40/41 | €493,486 | €449,003 | -€44,483 | -9.0% |
| Trade receivables | 40 | €26,376 | €62,967 | +€36,591 | +139% |
| Other amounts receivable | 41 | €467,110 | €386,036 | -€81,075 | -17.4% |
| Cash at bank and in hand | 54/58 | €1,727 | €5,604 | +€3,877 | +224% |
| Deferred charges and accrued income | 490/1 | €1,568 | €11,557 | +€9,989 | +637% |
| Total equity and liabilities | 10/49 | €1,155,184 | €1,085,851 | -€69,333 | -6.0% |
| Equity | 10/15 | €338,251 | €349,979 | +€11,728 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €319,651 | €331,379 | +€11,728 | +3.7% |
| Distributable reserves | 133 | €319,651 | €331,379 | +€11,728 | +3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €816,934 | €735,872 | -€81,062 | -9.9% |
| Amounts payable after more than one year | 17 | €625,095 | €563,802 | -€61,293 | -9.8% |
| Financial debts | 170/4 | €625,095 | €563,802 | -€61,293 | -9.8% |
| Amounts payable within one year | 42/48 | €191,839 | €172,070 | -€19,769 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €64,679 | €61,293 | -€3,386 | -5.2% |
| Financial debts | 43 | €22,890 | €30,064 | +€7,174 | +31.3% |
| Credit institutions | 430/8 | €22,890 | €30,064 | +€7,174 | +31.3% |
| Trade debts | 44 | €95,995 | €46,860 | -€49,134 | -51.2% |
| Suppliers | 440/4 | €95,995 | €46,860 | -€49,134 | -51.2% |
| Taxes, remuneration and social security | 45 | €8,276 | €15,353 | +€7,078 | +85.5% |
| Taxes | 450/3 | €8,276 | €15,353 | +€7,078 | +85.5% |
| Other amounts payable | 47/48 | €0 | €18,500 | +€18,500 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,441 | €47,394 | +€3,953 | +9.1% |
| Other operating charges | 640/8 | €3,251 | €8,077 | +€4,826 | +148% |
| Non-recurring operating charges | 66A | €48,197 | €0 | -€48,197 | -100% |
| Gross operating margin | 9900 | €197,461 | €117,358 | -€80,103 | -40.6% |
| Operating profit (loss) | 9901 | €102,572 | €61,887 | -€40,685 | -39.7% |
| Financial income | 75/76B | €15,006 | €13,378 | -€1,628 | -10.8% |
| Recurring financial income | 75 | €15,006 | €13,378 | -€1,628 | -10.8% |
| Financial charges | 65/66B | €17,728 | €16,762 | -€966 | -5.5% |
| Recurring financial charges | 65 | €17,728 | €16,762 | -€966 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €99,850 | €58,503 | -€41,347 | -41.4% |
| Income taxes | 67/77 | €32,784 | €28,275 | -€4,509 | -13.8% |
| Profit (loss) for the period | 9904 | €67,066 | €30,228 | -€36,838 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,066 | €30,228 | -€36,838 | -54.9% |
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 14 October 2026 via checked.be.