EBQ: 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.
EBQ
Largest movements
- Current investments +€350,000
new in 2025: €350,000
- Cash -€327,826
down €327,826 (-80.9%), from €405,129 to €77,304
mainly Current investments (-€350,000) and Other debts (-€4,433)
- Tangible fixed assets -€17,170
down €17,170 (-1.8%), from €958,719 to €941,550
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€4,898
down €4,898 (-13.3%), from €36,956 to €32,058
- Financial income +€1,978
up €1,978, from €0 to €1,978
- Financial charges +€970
up €970 (+2,229%), from €44 to €1,013
- Taxes -€898
down €898 (-27.3%), from €3,294 to €2,395
- Other operating charges +€760
up €760 (+24.4%), from €3,117 to €3,876
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 | €1,366,255 | €1,370,550 | +€4,295 | +0.3% |
| Fixed assets | 21/28 | €958,719 | €941,550 | -€17,170 | -1.8% |
| Tangible fixed assets | 22/27 | €958,719 | €941,550 | -€17,170 | -1.8% |
| Land and buildings | 22 | €958,719 | €941,550 | -€17,170 | -1.8% |
| Current assets | 29/58 | €407,535 | €429,000 | +€21,464 | +5.3% |
| Amounts receivable within one year | 40/41 | €728 | €0 | -€728 | -100% |
| Trade receivables | 40 | €728 | €0 | -€728 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €405,129 | €77,304 | -€327,826 | -80.9% |
| Deferred charges and accrued income | 490/1 | €1,678 | €1,696 | +€18 | +1.1% |
| Total equity and liabilities | 10/49 | €1,366,255 | €1,370,550 | +€4,295 | +0.3% |
| Equity | 10/15 | €974,495 | €984,076 | +€9,581 | +1.0% |
| Contributions | 10/11 | €582,173 | €582,173 | = | 0.0% |
| Reserves | 13 | €377,789 | €377,789 | = | 0.0% |
| Distributable reserves | 133 | €377,789 | €377,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,533 | €24,114 | +€9,581 | +65.9% |
| Amounts payable | 17/49 | €391,760 | €386,473 | -€5,286 | -1.3% |
| Amounts payable within one year | 42/48 | €388,946 | €383,660 | -€5,286 | -1.4% |
| Trade debts | 44 | €3,062 | €3,749 | +€687 | +22.4% |
| Suppliers | 440/4 | €3,062 | €3,749 | +€687 | +22.4% |
| Advances received on contracts in progress | 46 | €48 | €0 | -€48 | -100% |
| Taxes, remuneration and social security | 45 | €3,294 | €1,802 | -€1,491 | -45.3% |
| Taxes | 450/3 | €3,294 | €1,802 | -€1,491 | -45.3% |
| Other amounts payable | 47/48 | €382,543 | €378,109 | -€4,433 | -1.2% |
| Accrued charges and deferred income | 492/3 | €2,813 | €2,813 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,328 | €17,170 | -€158 | -0.9% |
| Other operating charges | 640/8 | €3,117 | €3,876 | +€760 | +24.4% |
| Gross operating margin | 9900 | €36,956 | €32,058 | -€4,898 | -13.3% |
| Operating profit (loss) | 9901 | €16,511 | €11,012 | -€5,499 | -33.3% |
| Financial income | 75/76B | €0 | €1,978 | +€1,978 | |
| Recurring financial income | 75 | €0 | €1,978 | +€1,978 | |
| Financial charges | 65/66B | €44 | €1,013 | +€970 | +2,229% |
| Recurring financial charges | 65 | €44 | €1,013 | +€970 | +2,229% |
| Profit (loss) for the period before taxes | 9903 | €16,468 | €11,976 | -€4,491 | -27.3% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €3,294 | €2,395 | -€898 | -27.3% |
| Profit (loss) for the period | 9904 | €13,174 | €9,581 | -€3,593 | -27.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €13,174 | €9,581 | -€3,593 | -27.3% |
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 30 October 2026 via checked.be.