EBRAFOR: 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.
EBRAFOR
Largest movements
- Stocks and contracts -€1.2m
down €1.2m (-25.3%), from €4.7m to €3.5m
- Receivables within one year +€475,495
up €475,495 (+149%), from €318,834 to €794,329
of which Trade receivables: +€487,744
- Tangible fixed assets +€279,610
up €279,610 (+37.1%), from €754,404 to €1.0m
of which Leasing and similar rights: +€365,088
- Trade debts -€1.0m
down €1.0m (-39.2%), from €2.6m to €1.6m
- Current portion of long-term debt +€271,290
up €271,290 (+250%), from €108,720 to €380,010
- Debts after one year +€228,611
up €228,611 (+179%), from €127,542 to €356,153
- Profit (loss) carried forward +€77,744
up €77,744 (+16.6%), from €467,252 to €544,996
- Gross operating margin +€468,722
up €468,722 (+58.8%), from €796,952 to €1.3m
- Purchases and services +€330,209
up €330,209 (+4.3%), from €7.7m to €8.0m
- Staff costs +€248,628
up €248,628 (+82.6%), from €300,936 to €549,564
- Depreciation +€76,587
up €76,587 (+28.8%), from €266,042 to €342,629
- Financial charges +€58,947
up €58,947 (+72.8%), from €80,982 to €139,929
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 | €5,807,422 | €5,407,032 | -€400,390 | -6.9% |
| Fixed assets | 21/28 | €754,404 | €1,034,014 | +€279,610 | +37.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €754,404 | €1,034,014 | +€279,610 | +37.1% |
| Plant, machinery and equipment | 23 | €28,374 | €54,301 | +€25,927 | +91.4% |
| Furniture and vehicles | 24 | €726,030 | €614,625 | -€111,405 | -15.3% |
| Leasing and similar rights | 25 | - | €365,088 | +€365,088 | |
| Current assets | 29/58 | €5,053,018 | €4,373,019 | -€679,999 | -13.5% |
| Stocks and contracts in progress | 3 | €4,703,393 | €3,511,240 | -€1.2m | -25.3% |
| Stocks | 30/36 | €4,703,393 | €3,511,240 | -€1.2m | -25.3% |
| Amounts receivable within one year | 40/41 | €318,834 | €794,329 | +€475,495 | +149% |
| Trade receivables | 40 | €284,095 | €771,840 | +€487,744 | +172% |
| Other amounts receivable | 41 | €34,739 | €22,489 | -€12,249 | -35.3% |
| Cash at bank and in hand | 54/58 | €30,791 | €67,449 | +€36,658 | +119% |
| Total equity and liabilities | 10/49 | €5,807,422 | €5,407,032 | -€400,390 | -6.9% |
| Equity | 10/15 | €1,123,608 | €1,201,353 | +€77,744 | +6.9% |
| Contributions | 10/11 | €124,937 | €124,937 | = | 0.0% |
| Capital | 10 | €124,937 | €124,937 | = | 0.0% |
| Issued capital | 100 | €124,937 | €124,937 | = | 0.0% |
| Reserves | 13 | €531,419 | €531,419 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,494 | €12,494 | = | 0.0% |
| Legal reserve | 130 | €12,494 | €12,494 | = | 0.0% |
| Distributable reserves | 133 | €518,926 | €518,926 | = | 0.0% |
| Profit (loss) carried forward | 14 | €467,252 | €544,996 | +€77,744 | +16.6% |
| Amounts payable | 17/49 | €4,683,814 | €4,205,680 | -€478,134 | -10.2% |
| Amounts payable after more than one year | 17 | €127,542 | €356,153 | +€228,611 | +179% |
| Financial debts | 170/4 | €127,542 | €356,153 | +€228,611 | +179% |
| Amounts payable within one year | 42/48 | €4,556,272 | €3,849,527 | -€706,745 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €108,720 | €380,010 | +€271,290 | +250% |
| Financial debts | 43 | €1,358,006 | €1,394,762 | +€36,755 | +2.7% |
| Credit institutions | 430/8 | €1,358,006 | €1,394,762 | +€36,755 | +2.7% |
| Trade debts | 44 | €2,591,547 | €1,575,327 | -€1.0m | -39.2% |
| Suppliers | 440/4 | €2,591,547 | €1,575,327 | -€1.0m | -39.2% |
| Taxes, remuneration and social security | 45 | €47,999 | €49,428 | +€1,429 | +3.0% |
| Taxes | 450/3 | €28,568 | €17,074 | -€11,494 | -40.2% |
| Remuneration and social security | 454/9 | €19,431 | €32,354 | +€12,923 | +66.5% |
| Other amounts payable | 47/48 | €450,000 | €450,000 | = | 0.0% |
| Non-recurring operating income | 76A | €119,677 | €10,000 | -€109,677 | -91.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,683,786 | €8,013,995 | +€330,209 | +4.3% |
| Remuneration, social security and pensions | 62 | €300,936 | €549,564 | +€248,628 | +82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266,042 | €342,629 | +€76,587 | +28.8% |
| Other operating charges | 640/8 | €43,572 | €40,948 | -€2,623 | -6.0% |
| Non-recurring operating charges | 66A | - | €88,917 | +€88,917 | |
| Gross operating margin | 9900 | €796,952 | €1,265,674 | +€468,722 | +58.8% |
| Operating profit (loss) | 9901 | €186,402 | €243,616 | +€57,214 | +30.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.1% |
| Financial charges | 65/66B | €80,982 | €139,929 | +€58,947 | +72.8% |
| Recurring financial charges | 65 | €80,982 | €139,929 | +€58,947 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | €105,421 | €103,688 | -€1,733 | -1.6% |
| Income taxes | 67/77 | €28,568 | €25,943 | -€2,625 | -9.2% |
| Profit (loss) for the period | 9904 | €76,853 | €77,744 | +€891 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,853 | €77,744 | +€891 | +1.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.