EBRAINS: 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.
EBRAINS
Largest movements
- Cash -€4.0m
down €4.0m (-83.2%), from €4.9m to €819,239
mainly Debts within one year (-€4.1m) and Current investments (-€2.8m)
- Current investments +€2.8m
new in 2024: €2.8m
- Receivables within one year +€770,347
up €770,347 (+12.3%), from €6.3m to €7.1m
of which Other amounts receivable: +€1.2m
- Debts within one year -€4.1m
down €4.1m (-55.2%), from €7.4m to €3.3m
- Accrued charges and deferred income +€3.1m
up €3.1m (+56.2%), from €5.4m to €8.5m
- Profit (loss) carried forward +€508,513
up €508,513 (+32.8%), from -€1.5m to -€1.0m
- Staff costs -€3.2m
down €3.2m (-62.2%), from €5.1m to €1.9m
- Gross operating margin -€638,440
down €638,440 (-20.7%), from €3.1m to €2.4m
- Financial income -€238,201
down €238,201 (-74.4%), from €320,104 to €81,903
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,282,067 | €10,769,921 | -€512,145 | -4.5% |
| Fixed assets | 21/28 | €121,688 | €99,953 | -€21,735 | -17.9% |
| Tangible fixed assets | 22/27 | €78,541 | €56,649 | -€21,892 | -27.9% |
| Furniture and vehicles | 24 | €78,541 | €56,649 | -€21,892 | -27.9% |
| Financial fixed assets | 28 | €43,147 | €43,304 | +€157 | +0.4% |
| Current assets | 29/58 | €11,160,378 | €10,669,968 | -€490,410 | -4.4% |
| Amounts receivable within one year | 40/41 | €6,284,037 | €7,054,384 | +€770,347 | +12.3% |
| Trade receivables | 40 | €987,298 | €514,750 | -€472,548 | -47.9% |
| Other amounts receivable | 41 | €5,296,739 | €6,539,634 | +€1.2m | +23.5% |
| Current investments | 50/53 | - | €2,750,000 | +€2.8m | |
| Cash at bank and in hand | 54/58 | €4,868,378 | €819,239 | -€4.0m | -83.2% |
| Deferred charges and accrued income | 490/1 | €7,964 | €46,345 | +€38,381 | +481.9% |
| Total equity and liabilities | 10/49 | €11,282,067 | €10,769,921 | -€512,145 | -4.5% |
| Equity | 10/15 | -€1,549,491 | -€1,040,978 | +€508,513 | +32.8% |
| Profit (loss) carried forward | 14 | -€1,549,491 | -€1,040,978 | +€508,513 | +32.8% |
| Amounts payable | 17/49 | €12,831,558 | €11,810,900 | -€1.0m | -8.0% |
| Amounts payable within one year | 42/48 | €7,387,458 | €3,306,014 | -€4.1m | -55.2% |
| Financial debts | 43 | €34,445 | - | -€34,445 | |
| Credit institutions | 430/8 | €34,445 | - | -€34,445 | |
| Trade debts | 44 | €336,415 | €195,745 | -€140,670 | -41.8% |
| Suppliers | 440/4 | €336,415 | €195,745 | -€140,670 | -41.8% |
| Taxes, remuneration and social security | 45 | €179,711 | €245,997 | +€66,286 | +36.9% |
| Taxes | 450/3 | €43,844 | €29,734 | -€14,110 | -32.2% |
| Remuneration and social security | 454/9 | €135,868 | €216,263 | +€80,395 | +59.2% |
| Accrued charges and deferred income | 492/3 | €5,444,100 | €8,504,886 | +€3.1m | +56.2% |
| Remuneration, social security and pensions | 62 | €5,104,599 | €1,929,579 | -€3.2m | -62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,669 | €21,892 | -€1,777 | -7.5% |
| Other operating charges | 640/8 | €1,071 | €5,387 | +€4,316 | +403.0% |
| Gross operating margin | 9900 | €3,084,112 | €2,445,672 | -€638,440 | -20.7% |
| Operating profit (loss) | 9901 | -€2,045,227 | €488,815 | +€2.5m | |
| Financial income | 75/76B | €320,104 | €81,903 | -€238,201 | -74.4% |
| Recurring financial income | 75 | €320,104 | €81,903 | -€238,201 | -74.4% |
| Financial charges | 65/66B | €79,444 | €58,026 | -€21,418 | -27.0% |
| Recurring financial charges | 65 | €79,444 | €45,926 | -€33,518 | -42.2% |
| Non-recurring financial charges | 66B | - | €12,100 | +€12,100 | |
| Profit (loss) for the period before taxes | 9903 | -€1,804,568 | €512,691 | +€2.3m | |
| Income taxes | 67/77 | - | €4,178 | +€4,178 | |
| Profit (loss) for the period | 9904 | -€1,804,568 | €508,513 | +€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,804,568 | €508,513 | +€2.3m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.