EBOVA: 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.
EBOVA
Largest movements
- Tangible fixed assets +€2.1m
up €2.1m (+35.6%), from €5.8m to €7.8m
of which Land and buildings: +€2.1m
- Receivables within one year +€275,238
up €275,238 (+1928.5%), from €14,272 to €289,510
of which Trade receivables: +€281,388
- Debts after one year +€2.2m
up €2.2m (+59.4%), from €3.7m to €5.8m
of which Financial debts: +€1.6m
- Reserves +€115,928
up €115,928 (+10.0%), from €1.2m to €1.3m
of which Distributable reserves: +€134,206
- Current portion of long-term debt +€112,148
up €112,148 (+46.4%), from €241,488 to €353,636
- Depreciation +€255,420
up €255,420 (+156.1%), from €163,607 to €419,027
- Gross operating margin +€100,558
up €100,558 (+16.7%), from €602,449 to €703,007
- Taxes -€42,749
down €42,749 (-52.4%), from €81,625 to €38,876
- Financial charges +€21,419
up €21,419 (+21.1%), from €101,285 to €122,704
- Other operating charges +€16,690
up €16,690 (+111.9%), from €14,916 to €31,606
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 | €5,813,806 | €8,142,628 | +€2.3m | +40.1% |
| Fixed assets | 21/28 | €5,777,863 | €7,837,520 | +€2.1m | +35.6% |
| Tangible fixed assets | 22/27 | €5,777,863 | €7,837,520 | +€2.1m | +35.6% |
| Land and buildings | 22 | €5,771,228 | €7,831,548 | +€2.1m | +35.7% |
| Plant, machinery and equipment | 23 | €6,635 | €5,972 | -€663 | -10.0% |
| Current assets | 29/58 | €35,943 | €305,108 | +€269,165 | +748.9% |
| Amounts receivable within one year | 40/41 | €14,272 | €289,510 | +€275,238 | +1928.5% |
| Trade receivables | 40 | - | €281,388 | +€281,388 | |
| Other amounts receivable | 41 | €14,272 | €8,121 | -€6,151 | -43.1% |
| Cash at bank and in hand | 54/58 | €7,144 | €2,829 | -€4,315 | -60.4% |
| Deferred charges and accrued income | 490/1 | €14,527 | €12,769 | -€1,758 | -12.1% |
| Total equity and liabilities | 10/49 | €5,813,806 | €8,142,628 | +€2.3m | +40.1% |
| Equity | 10/15 | €1,507,947 | €1,604,833 | +€96,886 | +6.4% |
| Contributions | 10/11 | €332,517 | €332,517 | -€0 | 0.0% |
| Reserves | 13 | €1,156,388 | €1,272,316 | +€115,928 | +10.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €263,215 | €244,937 | -€18,278 | -6.9% |
| Distributable reserves | 133 | €893,173 | €1,027,379 | +€134,206 | +15.0% |
| Profit (loss) carried forward | 14 | €19,042 | €0 | -€19,042 | -100.0% |
| Provisions and deferred taxes | 16 | €94,253 | €88,160 | -€6,093 | -6.5% |
| Deferred taxes | 168 | €94,253 | €88,160 | -€6,093 | -6.5% |
| Amounts payable | 17/49 | €4,211,607 | €6,449,635 | +€2.2m | +53.1% |
| Amounts payable after more than one year | 17 | €3,653,349 | €5,823,341 | +€2.2m | +59.4% |
| Financial debts | 170/4 | €2,436,839 | €4,018,788 | +€1.6m | +64.9% |
| Other amounts payable | 178/9 | €1,216,510 | €1,804,552 | +€588,042 | +48.3% |
| Amounts payable within one year | 42/48 | €314,172 | €425,232 | +€111,060 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €241,488 | €353,636 | +€112,148 | +46.4% |
| Trade debts | 44 | €1,588 | €445 | -€1,143 | -72.0% |
| Suppliers | 440/4 | €1,588 | €445 | -€1,143 | -72.0% |
| Taxes, remuneration and social security | 45 | €71,096 | €18,051 | -€53,045 | -74.6% |
| Taxes | 450/3 | €71,096 | €18,051 | -€53,045 | -74.6% |
| Other amounts payable | 47/48 | - | €53,100 | +€53,100 | |
| Accrued charges and deferred income | 492/3 | €244,085 | €201,062 | -€43,023 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,607 | €419,027 | +€255,420 | +156.1% |
| Other operating charges | 640/8 | €14,916 | €31,606 | +€16,690 | +111.9% |
| Gross operating margin | 9900 | €602,449 | €703,007 | +€100,558 | +16.7% |
| Operating profit (loss) | 9901 | €423,926 | €252,374 | -€171,552 | -40.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €101,285 | €122,704 | +€21,419 | +21.1% |
| Recurring financial charges | 65 | €101,285 | €122,704 | +€21,419 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €322,641 | €129,670 | -€192,971 | -59.8% |
| Transfer from deferred taxes | 780 | €2,019 | €6,093 | +€4,074 | +201.8% |
| Income taxes | 67/77 | €81,625 | €38,876 | -€42,749 | -52.4% |
| Profit (loss) for the period | 9904 | €243,035 | €96,887 | -€146,148 | -60.1% |
| Transfer from tax-exempt reserves | 789 | €6,057 | €18,278 | +€12,221 | +201.8% |
| Profit (loss) for the period to be appropriated | 9905 | €249,092 | €115,164 | -€133,928 | -53.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.